Gate.io AMA with Kryll-Enter The New Era Of Crypto Trading

Time: Jan 18th, 2022, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Jeremy Blot,Community Manager of Kryll in the Gate.io Exchange Community.
Official Website: https://www.kryll.io/
Twitter: https://twitter.com/kryll_io
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Guest

Jeremy Blot — Community Manager of Kryll

Q&A from Gate.io

Q1: What is Kryll? Can you tell us a little about it?

Jeremy: Yes sure!

The project was born 4 years ago, following the need felt by the team to provide the crypto-traders community with a simple yet effective tool to create and ute trading strategies.

Being experienced crypto-traders, the team realized from their experience that a set of tasks needed to be automated in order to preserve the mental health of the trader.

However there were no solutions on the market allowing traders (hobbyists or not) to simply create their automated tasks, whether be it market entry/exit actions, s, notifications, if they don’t have solid dev-skills or a lot of money to rent/buy trading bots (often provided as complex “black box” solutions).
Nothing that allows you to build your strategies simply and visually, without the need for development…

From these findings, the kryll.io project was born.

Kryll.io is a ‘zero dev skill’ automated strategies building platform & portfolio manager.

Users can create in a simple and intuitive way crypto trading strategies through a drag and drop editor and run them 24/7 on the kryll cloud platform.

A MarketPlace is available and allows users to choose from hundreds of strategies created by the community.

More experienced traders can use an advanced trading terminal, and create their own strategies with complex technical indicators without any programming knowledge using the visual editor.

Q2: What is the purpose of the KRL, the platform’s currency?

Jeremy: The KRL is the utility token of the kryll platform.

All the Kryll platform economy is based on its ERC20 KRL token.

The platform economy relies on its token (KRL) that can be spent when using a strategy in live trading.

Just like each smart-contract ution costs on the Ethereum blockchain depends on the complexity of the code, each live trading strategy ution on the Kryll.io platform will cost some energy (KRL fractions) depending on the capital involved.

Q3: Can you tell us about your strategy editor? Is it easy to use?

Jeremy: The strategy editor is the heart of Kryll.io, it allows you to quickly create an algorithmic Flow using technical indicators (MACD, RSI, ICHI, etc.), actions and conditions.

All of this makes up what is called a trading strategy (or trading bot) that will place buy and sell orders for you on the exchanges.

What makes the editor unique and very easy to use is that there is no need to write a single line of code, everything is done by linking blocks together, and that it is totally free (building & backtesting strategies).

Q4: Got it, yes that seems to be a common roadblock that many people getting started with more technical base trading always face. It’s good for them to have options. On that thought, can people that don’t know how to trade use Kryll.io?

Jeremy: Of course! Kryll provides a MarketPlace where you can choose and backtest for free more than 300 strategies proven by the community.

You can run the strategies in PaperTrading (Simulation) to get a preview of their potential profits before going live.

Q5: And what are the project’s goals for 2022?

Jeremy: For the coming year Kryll will strengthen its partnerships, starting now with Gate.io with whom we hope to offer you many more surprises soon.

The team is working on the version 2 of Kryll with a new strategy ution engine, new marketplace with better strategies profiling, DEX support, etc.).

This v2 (easier to use and more intuitive), will be released during 2022.

New technical indicators will also be available to offer more possibilities to the strategies creators; and we’ll enforce our marketing and communication in North America and Asia.