Coinbase listed Kryll (KRL) this week, and the price of the coin rose sharply. The coin managed to attract the attention of investors after being listed on Coinbase. So what is Kryll (KRL)? cryptocoin.com What is Kryll (KRL)? We searched for an answer for you. Here is the comprehensive review of the project…
What is Kryll (KRL)?
Kryll is an online automated platform and cryptocurrency (KRL) launched by Luca Benevolo in 2018. The aim was to help people create their kryll trading strategy without needing any special skills. Users just need to connect their blocks to create their strategy. The word “automatic” solves many problems because Kryll requires no management, thanks to the algorithm that automates everything.
Kryll cannot be mined and is based on the N/A algorithm and the N/A proof-of-coin type. It currently has a circulating supply of 37.2 million coins and a total market cap of $49.8 million. Kryll is ranked 596th in the market and its price is currently around $1.3.
What is Kryll (KRL)? and how does Kryll work?
The platform consists of 5 different sections that together give us the key to success. The first element is the WYSWIT strategy editor “What you see is what you trade”. The second element is the Marketplace where you can find all the automated strategies that can be used. The next two sections are the Smart trading tool and the Swap tool, which many traders are already using. The last and most important tool is the Kryll mobile app.
WYSWIT
WYSWIT is the tool you need to build your strategies using flowcharts. You don’t need to be an expert in trading strategies or even a software developer to use this editor. All you have to do is drag and drop the blocks into the Kryll ecosystem and thus create your own decision flows. Once the decision flows are over, you can run an unlimited number of free tests to make sure your strategies will be profitable.
Market place
This is where users can publish their trading strategies and make them available for hire by other traders. Users unfamiliar with the creation of trading strategies can order one of the available strategies using the KRL token. In this way, Publishers can earn a passive income simply by selling their information. In addition, tenants can easily contact publishers for further assistance if they are unsure of what they are looking for.
Smart Trading tool
This is the most powerful and smart feature Kryll has ever invented for users. The smart trading tool allows users to simply execute their already existing trading strategies. How does this work? All you have to do is place the crypto pairs you want to trade and the amount of money you want to invest. After that, you have to choose at what price you want the system to buy coins for you.
swap tool
Kryll.io focuses on making the user’s life easier. The swap tool was designed to help you avoid confusion in the crypto exchange process. The tool allows users to exchange cryptocurrencies through the Kryll platform without the need to log in to complete the transaction. For example, you can exchange Bitcoin to Ethereum directly using the Kryll.io platform.
Kryll mobile app
The last useful tool is the Kryll Mobile App available on smartphones or tablets. You can trade using the app and even monitor your strategies remotely via your mobile phone. You can also get full access to your portfolio and get notifications for any changes.
Which Blockchain network hosts KRL?
KRL is a cryptocurrency project on Ethereum.
Advantages of using Kryll.Io
24/7 Trading: Not all users have free time to spend on their mobile phones to check whether their investment is winning. A key advantage is that Kryll.io offers automated trading. Also, your bot/strategy will monitor the market for you 24/7. While working or sleeping, the system will deal with the market movement and react without your help.
Information is not required: There are always people who are new to the industry and want to start investing somehow. Kryll is the solution to the problem, thanks to existing strategies developed by experienced traders. This way, beginners can rely on the user community using their strategies for learning purposes. Also for those who are not in the mood to create their own strategies, there is always the option to pay and use one of the available strategies.
Response time: First, trading is not an easy thing to deal with. Prices are constantly fluctuating (up and down), which works positively or negatively for investors depending on the situation. Second, users cannot be in front of a screen 24/7 watching price changes like bots do. Therefore, there will always be a possibility that you cannot place an order due to inactivity. Finally, Kryll aims to solve these problems for you, as automated trading bots will instantly react to any situation they detect without your help.
Disadvantages of using Kryll.Io
Using trading bots can sometimes be risky. The cryptocurrency market is unstable due to fluctuations in different cryptocurrencies. Until now, there is no such trading strategy that will always win for you, as no strategy can remain unaffected by a highly volatile market. An automated trading bot will always execute your orders as it doesn’t recognize what’s right or wrong. As a result, repeating the same strategy even when momentum is not favorable can result in huge losses. Therefore, you should be careful and do your own research.
Conclusion
In this article cryptocoin.com What is Kryll (KRL)? We sought an answer. However, it should be noted that investing in altcoin projects is risky. Because you can completely reset your money as you will multiply. Kryll (KRL) is a new and emerging cryptocurrency project. For this reason, we recommend that you do your own detailed research before making any cryptocurrency investment.
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