Kryll
Crypto Overview
Overview
Kryll (KRL) is a cryptocurrency token that powers the Kryll.io platform, a trading strategy marketplace and automated trading tool launched in 2018. The platform allows users to create, test, and execute automated cryptocurrency trading strategies using a visual programming interface.
Purpose and Utility
The KRL token serves multiple functions within the Kryll ecosystem: 1) Payment for strategy rentals and platform services 2) Platform governance through voting rights 3) Fee reductions for platform users holding KRL tokens 4) Rewards distribution for strategy creators.
Business Model Analysis
The core business model revolves around facilitating automated trading strategy creation and execution. While trading is speculative in nature, the platform provides real utility through its strategy marketplace and automation tools. The platform does not engage in gambling, interest-based lending, or other prohibited activities.
Real-World Adoption
Kryll reports over 100,000 registered users on their platform, with active trading strategies being created and shared. The platform maintains partnerships with major cryptocurrency exchanges for strategy execution.
Development Activity
The project maintains active development with regular platform updates and feature additions. The team consistently releases new tools and improvements to the trading strategy builder.
Token Distribution
Initial token distribution included allocations for the team, advisors, and early investors with standard vesting periods. No concerning concentration of tokens has been observed in whale wallets.
Crypto Impact
To assign a comfort level investing in Kryll from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Kryll.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.