Know Krypt, the official digital currency for Exclosur / Pixabay
Some time ago we had time to preach on ExorChain, a digital platform that is being developed for the utilization of blockchain technology in Indonesia, while creating a new digital currency or cryptocurrency for Indonesia named Krypt (KRP). After some preparation and refinement of technology, finally Exorchain ready to enter the crowdselling stage and introduce myself back into Exclusor.
DailySocial had a chance to talk to Tata Trargata for a review of the services and technologies he developed. As one of the new types of platforms or services in Indonesia, Exclusor is still working to provide information and understanding on the benefits of blockchain and its ecosystem.
Tata told the story that Exclusor is currently holding crowdsale. This period was opened since July 19 yesterday. They offer or sell Krypt as a digital currency. Expected by following this crowdsale who are interested in buying this digital currency get more profit. As earned by early adopters or first buyers when bitcoin exchange rate rises.
"Currently, our crowdsale is more to offer Krypt as a new digital currency, rather than offering private equity, for private equity offerings in DAO later on we will offer around January 2018. Therefore we offer for crowdsale now more Emphasized on the advantages of using technology that we develop, namely security, convenience, low cost, transparency and efficiency, "said Tata.
He furthermore explains that Krypt is the official digital currency and is only used in Exclusor systems. Krypt is not a substitute for the current currency alone, conventional purchases will still be converted to the prevailing currency. Characterically Krypt is similar to bitcoin, so Krypt can be a commodity traded on the digital money exchange as well as an instrument for investment in projects, companies or other commodities that use Exclusor technology as its base platform.
"We are not trying to make Krypt as a stable coin, we will submit the value through market mechanisms in the stock that depends on supply and demand. The digital asset exchange we developed exclusively for the Exclusor ecosystem we are testing internally and we will release officially after the crowdsale ends, "said Tata.
Tata further also explains Krypt can be exchanged with bitcoin and other digital currencies and can also be exchanged for paper money. Its current value ranges from Rp10,000 to Rp15,000.
"For the conversion of paper money we only accept conversion from rupiah to Krypt, even if there are buy from USD or SGD currency, we convert to rupiah first," he added.
Road map and plan on Krypt
Digital currency has not been widely known by the people of Indonesia. Although bitcoin is well known circulation and its utilization is still struggling in the community or those who are already conversant with technology. This is what is now and will be a challenge for Exclusor to flourish in Indonesia.
Nevertheless Tata and team have compiled a roadmap until early 2018 for the Exclusor platform. After the crowdsale is finished they will do a valuation against the Krypt value and will be allocated with three schemes. First, 80% of the total Krypt will be the property of buyers who can be traded in the exchange or other transactions.
Secondly, 15% of total Krypt sold will be used for further development and release supporting applications such as wallet, digital identical, digital asset exchange, and others. Including for marketing costs. And thirdly, 5% of total Krypt sold will be distributed to third parties that help Exclusor during crowdsale.
In early 2018 Exclusor has also planned to increase the number of users by expanding into countries in Southeast Asia.
"Honestly, crowdsale is now targeted not grandiose, we target sales that I think is quite rational, considering the people of Indonesia still do not understand the benefits of blockchain technology and also do not know about digital money. Our lowest target is 10% of the total Krypt or about 500,000 Krypt that can be sold also it is pretty good, "close Tata.
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