What Is KRATOS ?
The KRATOS platform is being developed by ARKRATOS (ARKRATOS BlockchainSolutions Pte Ltd), which is incorporated in Singapore. The company accounts willbe audited by internationally recognised audit firms and subject to GAAP standards.
The founders of ARKRATOS have a multi-billion-dollar revenue generating group
o Paid up capital: US$230 million
o Consolidated Revenue: US$2 billion
o Operations in over a dozen countries across Asia, Africa and Europe
o Over 100 years of collective experience and expertise in international
physical commodity tradingo A significant presence in the international commodity trading ecosystem
KRATOS is a decentralized physical commodities trading platform. Commodity trading challenges include insufficient trust, manual documentation, and unnecessary intermediaries. These problems often result in significant time-delays and high cost. KRATOS is an Ethereum-based platform that employs Blockchain Technology and Smart Contracts to address these challenges. It facilitates the clients to track all the necessary details of the commodity they are willing to trade. KRATOS has developed a Token Curated Registry process for trades submitted to the KRATOS platform. A token curated registry is a process that produces a list which has been vetted through a network of participants, which must be TOS token holders.
The challenges in trading commodities
The physical commodity trading process lacks transparency in terms of origin, quality and quantity of the ordered commodities as well as the shipment details. Hence, buyers cannot entirely trust their trading partners and end up involving mediators such as brokers, private investigators, and arbitrator etc.
Transactions may include a significant amount of manual administration due to discrepancies in documentation. Manual documentation is both time-taking and prone to errors. Hence, manual documentation not only leads to delays of a few weeks but also results in increased costs.
Physical commodities require crucial quality assurance. But the regions in which most of the goods are manufactured commonly have very lenient supervision. Even the documents can be easily altered. Given the lack of transparency in the system, the quality assurance remains questionable in commodities trading
In the current market situation, SME’s face challenges to seek assistance from Financial institutions to obtain financing for commodity trading. Even after meeting the stringent economic requirements for trade finance due diligence check, limited visibility and insufficient evaluation from potential financiers make SME significantly less likely to receive financing relative to larger players.
The KRATOS platform
o Encompasses KYC/AML, Human Resources, Administration, and Finance modules, among others.
o Streamlines documentation resulting in a timely and accurate delivery as documentation will be uploaded to a single portal which all relevant parties can view in real time.
o Is faster because it runs on smart contracts and the blockchain, which unifies immutable documentation across the supply chain
SOLUTION OF – The KRATOS platform
KRATOS- A decentralized commodities trading platform, significantly transforms and enhances international physical commodity trading across its whole product life cycle. Commodity trading challenges include insufficient trust, manual documentation, and unnecessary intermediaries. These problems often result in significant time-delays and high cost. KRATOS is an Ethereum-based platform that employs Blockchain Technology and Smart Contracts to address these challenges. As a result, KRATOS platform delivers better transparency, higher efficiency, and less complexity than any other existing system. The use of this platform would result in more timely deliveries and lower cost.
KRATOS has developed a Token Curated Registry process for trades submitted to the KRATOS platform. Trades submitted on the platform for trade finance will be curated by token holders. The output of this curation process will be a list of high-quality trades, which will represent a subset of trades that may not otherwise receive financing.
It would be difficult for others to compete with Arkratos since it already has a functional MVP and has secured commitments for the use of its platform from multiple global commodities trading firms.
“To be the industry standard in international commodity trading by 2020, by utilizing end to end decentralised solutions.”
Our focus is to make commodity trading a more transparent, less complex, and a less costly process by building trust and transparency within the ecosystem. This will be done by utilising the latest decentralised technologies.
TOKEN CURATED REGISTRY
The KRATOS Token Curated Registry will consist of the following:
• Database of ecosystem participants
• Database of trades that participants nominate for Trade Financing within the platform
• Smart Contract whitelisting participants and Trade Financing qualified Trades
Future enhancement to the KRATOS platform
The KRATOS platform is in an advanced stage of development and is expected to be rolled out to the early adopters in the near future. The enhancement roadmap for the product is as follows:
o TCR and Risk Management module by October 2018.
o Finance module by December 2018.
o Human Resources & Administration module by March 2019
o Logistics (Ground, Air & Sea) module June 2019.
Once all planned enhancements are completed, the product will have achieved its Target State Architecture.
💎Advantages of the Kratos solution.
🔷Use in the real world.
🔷Potential for decision-making.
🔷Availability of the market.
🔷Tokens of Kratos.
🔷Name of the token: TOS
🔷The value of the token (ICO): 1000 TOS = 1 ETH
🔷Total stock of tokens: 300000000
🔷Token type: Ethereum ERC-20
🔷Distribution of company funds.
💎What will the collected funds be used for?
Platform development: development of various modules, such as risk management and compliance, insurance, logistics (land, sea and air) and other module improvements.
Sales and marketing: global sales and marketing for on-board customers and an increase in the number of players on the platform.
💰💰💰 Pre-Sale Details💰💰💰
🔎 Symbol: TOS
⚪️ Tokens Supply: 300,000,000 TOS
💲 Hardcap – $55 M USD
📆 Pre-Sale ends on 25.08.2018
💲 Bonus for Pre-Sale: 20%
💲 Seed – $5 M USD
📆 ICO: TBA
⚪️ Tokens for crowdfunding: 28%
Risk & Compliance: The right risk management and compliance team to handle each of these actions.
Operations: Proper support, infrastructure and security to make the system more reliable.
Legal & Audit: a legal team and auditors for better transparency in the system.
Conclusion: Kratos is an ambitious and very well-designed project, and its strength in the rational solution of problems related to goods.
✅ Website: https://kratospct.io
✅ Roadmap: https://kratospct.io/#roadmap
✅ Twitter: https://twitter.com/Arkratos_com
✅ Facebook: https://www.facebook.com/ArkratosBlockchain
✅ Telegram: https://t.me/arkratos_group
✅ reddit: https://www.reddit.com/user/Arkratos_/
✅ github: https://github.com/ArkratosBlockchain