XPAD — The Future of Initial Exchange Offerings Made Possible Today
It’s official: XPAD is “live”.
Here at Kryptono Exchange, we are extremely pleased to share that our proprietary platform XPAD is now ready to help the crypto community kickstart its IEOs.
We believe that IEOs are a natural evolution from ICOs. Kryptono’s response has been to leverage its in-house technology expertise to craft an all-in-one platform for innovative projects to launch initial token sales. XPAD provides a more comprehensive solution backed by 24/7 tech support to both user and project launcher for all their respective IEO needs. We also intend XPAD to be the go-to portal for IEO resources and information for the community.
ICOs may be a dime a dozen these days, but they can bear a considerable amount of inconvenience to those keen to participate. For example, you usually submit a KYC application for each and every ICO, payment options could be limited, there could be gas wars to bid for a token allocation, and all with no guarantee of a desired outcome. If you can get past all that, there is still potential anxiety that wallet addresses to be paid to could be incorrect, or hacked.
Fortune, for instance, reported earlier this year that roughly 10% of funds raised from ICOs between 2015 and 2017 were lost or stolen through hacks. This amounted to some US$400 million missing out of US$3.7 billion raised in more than 370 ICOs worldwide during the period.
So what are the hallmarks of a good ICO platform? Security lists prominently, but this can often times be seen as being inversely proportional to convenience. Is it possible to balance both?
XPAD: Secure, Easy, Fast, Flexible
With these in mind, Kryptono created XPAD as a part of its long term plan to serve the crypto community, and make IEO participation safer, simpler, and more streamlined, for everyone.
Apart from in-house evaluation of every IEO before approving it for launch, XPAD helps participants in the 5 following ways:
- A one-time verified KYC profile on Kryptono eliminates the need to undergo further KYC processes for any IEO launched on XPAD.
- With various payment modes available, you can choose to pay with selected crypto, or even by fiat through your credit card. (More payment options to come in time.)
- On XPAD, we have eliminated gas wars since no gas has to be paid at all. Instead, all purchases on XPAD will be first come, first served basis.
- You can also buy IEO tokens in advance, depending on the individual IEO and its availability.
- Every purchase of an XPAD IEO will be made on our exchange, thereby reducing the risk of sending your crypto to a wrong or hacked wallet address.
Knowing participants will benefit from a better usage experience, companies launching their IEOs can be assured that customer needs are being met. In addition, companies benefit from the speed that XPAD can afford them — they can move from concept to sale in as quickly as a matter of weeks. Companies can also be assured of a community of passionate and fully-screened investors ready to participate in an IEO launched on XPAD.
How XPAD Stacks Up
So at a glance, we summarise how XPAD compares more favourably to other traditional ICOs. (Or watch our video.)
Fanship — XPAD’s First IEO
Believing in only bringing you the best IEOs, we followed our meticulous evaluation of potential projects before Kryptono Exchange revealinged in our recent newsletter recently that we decided on are helping Fanship’s to get ready for their IEO to be the inaugural project on XPAD. This will be also be Fanship’s first-ever IEO, and XPAD’s first IEO project.
Fanship describes itself as a fan-based collaborative media and entertainment company, currently focusing on Kpop. It is powered by XFS (or Fanship tokens), which will be accepted for gifts, merchandise, and services. Additionally, it will be used to power voting, directly purchase song IPs, and participate in exclusive events. See details about Fanship’s IEO here, and where to participate on XPAD.
Fanship describes itself as a fan-based collaborative media and entertainment company, currently focusing on Kpop. It is powered by XFS (or Fanship tokens), which will be accepted for gifts, merchandise, and services. Additionally, it will be used to power voting, directly purchase song IPs, and participate in exclusive events.
About Kryptono Exchange
Kryptono Exchange is a new, global one-stop-shop cryptocurrency exchange built with cutting-edge technology and security in mind for users. By making crypto trading as safe and easy as possible, Kryptono allows not just high-speed trading between cryptocurrencies, but also between crypto and fiat through its P2P conversion feature.
At Kryptono Exchange, we strongly believe in creating a seamless and thoughtful user experience when it comes to crypto trading. Since public trading began on June 1, 2018, we have gained more than 80,000 registered users, and growing. Join us in our community where we strive to make crypto finance accessible to everyone, and take it to the next level.
XPAD. The Smart, Simple, Secure way to IEOs.
Brought to you by Kryptono Exchange.
Disclaimer: Trading in cryptocurrency involves significant risks, in addition to the general risks associated with cryptocurrency. Kryptono is not responsible for your trading decision. Please seek independent advice for all of your purchases.