In February, Cryptense, a full-stack Blockchain company, introduced a new decentralized platform for creating and executing cryptocurrency trading strategies automatically: Kryll.io. The company has also came up with an explainer on how you can earn big using its solution.
Drag ‘n’ drop strategy blocks
The first step to earning online with Kryll platform is to create a strategy depending on your preferable markets, the cryptocurrencies you are interested in, and your level of involvement. The strategy can be very simple or extremely advanced - it’s up to you to decide.
Kryll offers functional blocks that can help you. One of them, Market Trends, provides market information including price fluctuations, demand versus supply analysis, machine learning based market predictions and other options. In your strategy you can also include your preferable trading actions, such as buying, selling, splitting amounts into subsets, and many others.
Kryll’s most interesting feature is Signals, a combination of recent tips coming from professional traders, Telegram channels or social networks. Notifications by text messages or emails will inform you on the latest market developments, for example, if BTC, Ripple, ETH or other currencies are growing and receiving positive feedback on Twitter.
Proof-test your strategy
How can you test the strategy that you have built to see if it is right for you and your purposes? The best way to do so is testing your strategy against the market. Kryll allows you to safely execute your strategy before using it in the real world. Using the test environment in the platform, you’ll be able to test over the previous six months of recorded data.
Another option is to test the strategy as it was actually running on the market. This option will show how your brainchild performs in the real-time trading environment and, at the same time, will protect you from real world losses in case of mistakes.
As soon as you are confident enough with your chosen strategy, you can start implementing it to build some confidence. For example, you can buy a new coin at a market price and then optimize it using the tools Kryll provides.
Trading 24/7, night or day
If your strategy proves to be successful, the time is right to use the best Krylls feature, which is 24/7 trading. Kryll.io supports exchanges around the globe, including Bittrex, Poloniex, Coinbase, Cryptopia, Binance, HitBTC, and many others. The company also has several dedicated servers in Europe, Asia, and North America.
Cryptocurrencies are bought and sold on many various exchanges and sometimes at different prices. It’s possible to profit from the very tiny fluctuations between buy-price quotations. Kryll founders promise their software will allow to execute trading strategies in the most efficient way.
There are many risks associated with trading, and you might be worried of cyber security, especially if you are executing your strategy automatically. Luckily, Kryll’s servers are under permanent DDOS protection. The startup founders also plan to have an external security audit every quarter.
Sharing with the community
With Kryll, you can earn while sharing your knowledge and ideas with other people on the platform. “We think collective intelligence is a huge asset that’ll make all of us more successful in the trading market,” the company said in its white paper.
The platform will offer a marketplace section where users can share their strategies for a fee. People with excellent insights can help their fellow traders and generate some profit at the same time.
The marketplace will also feature chats on different strategies, where people are able to interact, collaborate and give advices to each other. Users will rate strategies featured on the marketplace according to their efficiency.
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