KRATOS is a blockchain-based peer-to-peer trading platform for physical commodities. The platform addresses challenges encountered in the physical commodities trading business, in particular, the lack of access to trade finance for Small to Medium Enterprises (SME) players in the commodities.
The project is built and developed as a flagship product on the Ethereum blockchain by ARKRATOS Pte Ltd, a blockchain solutions company founded in Singapore in 2017, with Director Mark Fung Yun pulling the reins. The company boasts of a diverse pool of expert employees with years of experience across sectors including Insurance, Web development, E-Governance, Banking & Finance, Healthcare, Education, Sustainability & Traceability, etc.
The KRATOS platform will utilize blockchain technology to ensure a high degree of transparency, efficiency and significantly lower the costs and complexities involved in the trade of physical commodities for both large, wholesale and retail traders around the globe. They are also focused on helping small businesses and SMEs to secure fundings and the needed financing for commodities trading.
In this article, I will beirfly explain some of the key features of KRATOS, and how they are beneficial to the growth of the ecosystem.
Whitelisting of Quality trades.
First off, the ecosystem will be able to whitelist data from high-quality trades to make them even more visible on the platform. The whitelisting process is important because it will facilitate SME’s expanding access to potential financiers. This, as a result, makes it more efficient for potential investors to vet the list of high-quality trades than having to go through long lists of potential trades presented through different means, that may or may not be top quality.
Digitization of trade terms and conditions/contracts.
The KRATOS ecosystem will disregard the conventional paper-based models of contract agreements by replacing them with digital contracts. KRATOS believes that the digitalization of the current paper-based process through smart contracts reduces the overdependence on trust and as well reduces overhead costs and delivery time for the service operations.
KYC/AML Compliance for Safety.
KRATOS will thrive on security and transparency. Thus, the platform will be compliant with the various state and federal laws guiding international trading in various regions across the globe. This is possible to achieve by integrating top industry grade KYC/AML, HR, Administration, Finance, etc.
Announcing 1 Million KTOS Giveaway on Trade.io.
KRATOS has partnered with the trading giants (Trade.io) to host a massive trade-and-win competition and airdrop giveaway on the Trade.io platform. On this event, 100 lucky traders will be awarded 1 Million KTOS tokens worth about $130,000, according to trading volume done with any of the listed KTOS trade pairs on the exchange.
The event started on the 22nd of January and will end on the 1st February (totalling 10 days). Below are the steps one should take to participate.
How To Participate!
Users who wish to participate must sign up to the Trade.io Exchange by 22nd January to have been eligible for the 75 KTOS airdropped on each account on Wednesday 23rd January. If you missed that, you can still participate by signing up, depositing funds to buy some KTOS tokens to start trading.
● KTOS was listed on Trade.io on the same day (Wednesday 23rd January) and deposit and withdrawals were opened immediately to allow users to purchase more tokens to compete and increase their chances of winning. Note that Clients automatically opt-in to the Competition by trading the asset being offered.
● The competition will take place for a total of 10 days, from 22nd January – 1st February.
Below is a list of the awards for traders, ranked according to the volume of KTOS tokens traded in descending order.
| Final leaderboard position | Prizes |
|---|---|
| 1st position | 200,000 KTOS |
| 2nd and 3rd position | 70,000 KTOS |
| 4th to 10th position | 35,000 KTOS |
| 11th to 20th position | 20,000 KTOS |
| 21st to 50th position | 5,000 KTOS |
| 51st to 80th position | 1,500 KTOS |
| 81st to 100th position | 1,000 KTOS |
Traders will be able to monitor their position on the competition's leaderboard by checking this page on the Official Trade.io Website.
Terms and conditions
Trade.io reserves the right to cancel or amend the Competition or Competition Rules at our sole discretion.
Effective trading volume refers to total buys and sells (excluding wash trades).
Trade.io reserves the right to disqualify trades which are deemed to be wash trades or display attributes of market manipulation.
Rewards will be issued within 2 weeks after the competition ends. You will be able to login and see your reward in your trade.io exchange account.
For further information about the giveaway competition, please see the link to the official announcement on Trade.io's Website. Also, you can find more information in the links below.