Written by Mike Finch

Co-Founder, ICO Alert; Founder, Sutler Ventures
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January 8 2018

Krios (KRI) — ICO Alert Report

Krios (KRI) — ICO Alert Report

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ICO Alert Quick Facts

  • Create a custom marketing team for your project more efficiently and at a cheaper price
  • Pre-ICO complete, ICO runs January 8, 2018 to February 16, 2018
  • 500,000,000 / 650,000,000 KRI tokens available for purchase
  • Full platform launch by Q1 2018
  • 1 KRI token = $0.10

What is Krios?

Krios is introducing a new way to collaborate with marketing professionals from around the globe. Be it copywriters, graphic designers, content writers or influencers, Krios will allow you to connect, collaborate, and execute all on one platform.
The challenge that businesses face with outsourcing marketing is the large number of platforms you need to manage. You need to recruit, communicate, project manage, share files, run ad campaigns, and make payments, and each of these require a separate platform.
Krios will run its own digital currency, KRI, to remove any hassles with bank systems and currency conversions.
— Chris Quinlan, CEO

Q&A

ICO Alert: How does the Krios token function within the platform and why is it needed? Could the same concept be run without a token and not as a blockchain project?

Krios: The token is the payment mechanism within the platform. This allows for instant payments to your contractors on completion of a task or at an approved milestone, without the hassle of foreign currency conversions, third party payment processors, and banks.

ICO Alert: Krios sold 8.8 million tokens in the pre-ICO. How does your everyday user who is not a marketing professional or business looking for marketing professionals participate in the platform?

Krios: Anyone looking to leverage their social media following has the potential to make money from the platform. As businesses look to reach people in new and more effective ways, user endorsements are an increasingly valuable tool. Those with large online followings have been doing this for years, but businesses are now seeing the value in sharing amongst smaller, more intimate and authentic social groups.

ICO Alert: How does Krios plan on achieving a network effect for the platform? Is the goal focused on more users first, more marketing professionals first, or both simultaneously?

Krios: We are actively building a pool of marketing professionals so that at launch, the platform will be viable to a business that joins. From there, we will be looking to grow both simultaneously.

ICO Alert: Is there any concern with the lack of scalability that the Ethereum network has? If the project encounters transaction speed issues, would the team be open to moving to another blockchain?

Krios: As with any new technology, there can always be problems. The future of the Ethereum network remains to be seen, but we are committed to providing a fast, stable platform so we are open to moving to a different blockchain if that is going to provide the greatest usability.

ICO Alert: Krios will allow for those people with a large reach to endorse projects. How will Krios and their endorsers ensure that the endorsement is viewed as ‘genuine/real’ and not fake, like so many endorsements seen today?

Krios: The quality of endorsements really comes down to the quality of the creative design of the ad campaign. This is why we are working hard to get top quality designers, copywriters, and creatives on the platform so that businesses can benefit from the skills and experience of the best available people to get the best campaigns. Our DAPP functions will also allow verification of reach and reviews to provide an accurate history and give buyers the necessary protections.

ICO Alert: What is Krios doing to ensure the platform is very easy to use by those who are not as technologically savvy?

Krios: The platform is being designed with usability as the primary concern. We are also planning a series of tutorial videos to walk users through how to use each function of the platform.

ICO Alert: In just over three years, the goal is to make up 10% of the $36 billion digital marketing industry. What would you say to those who think this goal is too ambitious or unrealistic? What advantages does Krios have over the traditional players that make up the $36 billion today?

Krios: We believe in big goals. Aiming high is what drives us to create a better product.
The advantage that we hold is simplicity and convenience. Managing multiple platforms can be confusing, take up time, and create unnecessary bottlenecks. Being able to manage all aspects of a campaign in just one platform streamlines the process and allows for faster results.

ICO Alert: How far along is the project today and when can contributors expect to use the platform? What does the full roadmap look like for the rest of 2017 and 2018?

Krios: The platform is in development with Alpha testing happening with a private internal group of testers. Beta testing is scheduled for Q2 of 2018. The full roadmap is available at krios.io and in our whitepaper.

ICO Alert: As a non-Krios question, we like to ask for unique predictions for the ICO and cryptocurrency space in the future. Where do you see both in the next 3–5 years?

Krios: Cryptocurrencies are just in their infancy. Bitcoin will be like gold is today. A store of value that is not used for regular transactions. One or two other coins will appear as leaders and become mainstream all over the world for day to day transactions.
Other currencies will continue to be created for specific use cases. Some will succeed, most will not.
The ICO pace will continue to be crowded over the next 2–3 years as awareness grows and more “Mum and Dad” type investors start to put their money into ICOs as an alternative to more traditional investments. It will be interesting to see how different countries regulators start to impose rules and restrictions on ICOs.

Pre-ICO Information
The pre-ICO began on November 17, 2017 and ended on November 30, 2017. The price was 1 Ether = 4150 KRI tokens ($0.07) and there was a hard cap of $500,000 across 10,000,000 tokens. There was a total of 8.8 million tokens sold during the pre-ICO.

ICO Information
The ICO begins today, January 8th, and ends on February 16, 2018. The price is 1 Ether = 3000 KRI tokens ($0.10) and there is a hard cap set for the full distribution of 490,000,000 KRI tokens. KRI is an ERC-20 token, so an ERC-20 compatible wallet must be used to receive the tokens. Tokens can be purchased using Ether, Bitcoin, or USD and there is a minimum transaction amount of 0.04 Ether.

Token Distribution Information
There are a total of 650,000,000 Krios tokens (KRI) that will be created for the pre-ICO and ICO. There are a total of 500,000,000 KRI tokens available for sale across the pre-ICO and ICO and any tokens that remain after the ICO will be burned. The additional 150,000,000 KRI tokes have been reserved for the team, developers, founders, angel investors, and bounty campaigns.

KRI are also used to reward participants in the network, as well as KRI holders. 10% of all fees collected from transactions in the network will be proportionally redistributed to users with KRI. Tokens will be distributed to contributors when the ICO ends.

Use of ICO Proceeds
70%: Development, including the website, token, platform and the core components of the business
15%: Marketing and promotion
10%: Advisors
5%: Team expansion

Roadmap

Team

For a full list of team members please visit the Krios website.

Social Media
Twitter
Facebook

View the Krios Website here.

View the only comprehensive list of active and upcoming ICOs here.

References
(1) Krios Website, Krios (2018)
https://www.krios.io/

(2) Krios Whitepaper, Krios, (2018)
https://www.krios.io/whitepaper/

Topics: Crypto, Marketing, Blockchain, ICO, Cryptocurrency