Kryptopy Network is a combination of Facebook, LinkedIn, and Steemit “with a cryptocurrency trading twist”.
Find out how it works today in our review.
What Is Kryptopy?
The Kryptopy Network is a social network built on the blockchain. One of the main distinctions between the Kryptopy Network and other social networks is that it offers ad-free protection against spam robots. The goal is to create a rewards system while preventing scammers and spam robots from stealing those rewards with non-relevant content – a problem you can see on Steemit and other platforms.
The developers of the Kryptopy Network also claim to be the only social network “that really targets mainstream users with a goal to make the adaptation of cryptocurrencies smoother and safer.”
One of the first things you’ll notice about the Kryptopy Network is the design. While Steemit looks similar to Reddit, Kryptopy looks more like a combination of Facebook and LinkedIn. The user interface was designed like this on purpose. It’s supposed to feel familiar to targeted users.
How Kryptopy Works
Here are some of the core features, functions, and uses for the Kryptopy Network:
- A place where traders and cryptocurrency enthusiasts can share content and network
- A place where anyone can enjoy an advertisement-free social network
- It has a unique algorithm allowing users to earn tokens for quality content without worrying about bots or spammers taking advantage of the system
- Allows you to copy traders while encouraging traders to share their successful trading strategies (successful traders receive rewards for sharing their trading strategies)
- Allows users to discover new cryptocurrency technology and members of the community through a “6 degrees of separation” system
Ultimately, the goal of Kryptopy is to “equip, train and give innovative networking means to cryptocurrencies enthusiasts and traders” while also becoming “the leading social network that will help bring more trust to the cryptocurrency market thus helping its mainstream adoption.”
Who’s Behind Kryptopy?
Kryptopy is an official registered Canadian corporation based in Cold Lake, Alberta. The corporation was founded in September 2017. Listed members of the corporation include Nicolas Cloutier and Cody McBryan.
The Kryptopy Token Sale
Kryptopy is selling KPY tokens. The tokens are made using state-of-the-art zeppelin-solidity. They’re ERC20-compliant tokens built on the Ethereum blockchain.
There’s a total supply of 40,000,000 KPY tokens. 5 million tokens will be made available during the pre-sale at a price of 1 ETH = 200 KPYs.
The pre-sale is available to anyone who is willing to invest a minimum of 0.4 ETH and a maximum of 10 ETH.
The general ICO is scheduled to begin on October 25. The first MVP (alpha version) is expected to be complete by December 1, 2017.
You can view further token information at the company’s open Github page.
Kryptopy’s features include all of the following:
Trade Copying Mechanism:
Kryptopy will allow users to trade digital assets based on the activities of top traders. Top, successful traders can market their skills across the Kryptopy platform, earning tokens based on the number of people following their trading strategies.
No Spambots And No Ads:
Kryptopy aims to strongly enforce a no spambots, no advertisements policy.
Business Pages & Trader Groups:
Users with a business can share their news via their Kryptopy business pages and groups. Users can follow different businesses on Kryptopy. This allows businesses to make their projects known to the world, enhancing future marketing efforts. “A strong focus will be made to enhance the security of those group and make sure no spam is allowed in them”, explains the Kryptopy whitepaper.
Kryptopy’s users own 100% of their data. All data is associated with a user’s blockchain address and encrypted within the network. No profile data is public unless the user decides he wants to make that data available to connections. Kryptopy will make no claims over its users’ data.
Proof Of Intelligence:
This is one of the most important features on the Kryptopy platform. POI will score content to give out rewards and avoid spam. It’s designed to cut out bots and detect real human intelligence on the platform.
Kryptopy is a combination of Facebook, LinkedIn, and Steemit. The platform aims to help cryptocurrency traders and enthusiastic connect with one another. Users can follow another user’s trading strategy or interact with their favorite businesses through pages and groups.
One of the key distinctions between Kryptopy and other social networks is that Kryptopy has a strictly-enforced no spam policy. That policy is enforced with proof of intelligence protocols and other mechanisms.
To learn more about Kryptopy and how the platform works, visit Kryptopy.com today. The token sale is taking place throughout September, October, and November.