Welcome to Krypton!

Hello, Krypton!

Welcome, everyone. I hope you’re as excited about the launch of Krypton as I am!

I know you’re looking forward to reading Krypton’s development plans, so let me quickly summarize where we are and where Krypton is heading.

Krypton is currently in stage 4 of the life-cycle of an Ethereum-based project. The digital cryptocurrency $KR has been created. **

Krypton will have a website and social media accounts to aid with marketing and dispensing news and development updates.

Once the $KR token has been tested and approved and the Swap/CFC completed, Krypton will be ready for marketing and exchanges.

Allow me to make a quick detour outlining Krypton’s plans to address a common question, $KR’s inherent worth.

In order for someone to see value in this project, one needs to understand smart contracts.

Here are a few excellent articles on the subject:

What are Smart Contracts? Cryptocurrency’s Killer App –
http://www.fastcompany.com/3035723/app-economy/smart-contracts-could-be-cryptocurrencys-killer-app
‘Smart Contracts’ are the Future of Blockchain – http://www.americanbanker.com/bankthink/smart-contracts-are-the-future-of-blockchain-1078705-1.html
Smart contracts in the news: https://www.google.com/search?q=augur+microsoft&ie=utf-8&oe=utf-8#tbm=nws&q=smart+contracts

In the future, trustless smart contracts will be included in most business models, from auto loans to home entry systems. The vast explosion of interconnectivity via the Internet of Things makes this indeed, an unmapped frontier.

I hope it is clear that Krypton is more than a coin. It is, in fact, a token of a smart contract system. This is why you don’t see Krypton listed as some snappy and unique coin with a gimmick. $KR is a smart contract token that has not yet been licensed.

Back to the plan. The next step is to market Krypton to projects that need a ready-made smart contracts blockchain on which to perform trustless transactions.

An example of one such project, currently running on a Krypton-type, Ethereum-based platform, is Augur, which uses the token $REP.

Augur is a prediction market built on top of the Ethereum blockchain. The concept is a tool that allows users to forecast events by using software that understands the odds of basically any probability better than you do. This could make betting on sports games, elections, and future events easier because the protocol is meant to be more consistent. Augur (http://www.augur.net/) uses a token within its system called REP (reputation) that gives a user more trust in the network. After an event occurs those who use the system more truthfully get rewarded REP. The startup just recently finished a crowd sale (http://bitcoinist.net/prediction-market-platform-augur-launches-crowdsale-today/) and also created the first contract on Ethereum’s Frontier. [source: http://bitcoinist.net/six-ethereum-projects-and-its-five-competitors/]

** If you haven’t yet checked out Ethereum’s website (https://ethereum.org/), I encourage you to do so. Their site does a nice job of explaining the life-cycle of an Ethereum-based project, like Krypton. Ethereum also lists many more companies that are currently employing smart contracts in their business models. Take a look at them.

Consensus 2016 (http://www.coindesk.com/events/consensus-2016/), CoinDesk’s summit on digital currencies and blockchain tech, is only three months away. Companies looking to license Krypton’s smart contract capabilities will be there. So will I.

“Smart contracts are really the killer app of the cryptocurrency world.” — Chris Ellis

I invite you to join the Krypton community by taking part in the Croud-Funding Campaign in the coming weeks. We’ve just begun our journey. The frontier awaits.

— covertress

Founder & Project Manager