KryptoPal Rating & Review

updated 09 August 2018

Development Platform for Mass Blockchain Adoption

Whitepaper
Token sale info
LVL
Status: ongoing
Start: 08 August 2018
End: 06 October 2018
Cap: 30 000 000 USD
Goal: 3 000 000 USD
Price: 1 KPX = 0.04 USD
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KryptoPal Rating

ICObazaar experts have given KryptoPal A rating with 3.8 score.

Our ICO rating evaluates the overall quality and viability of the product, team, and technical implementation behind. It is calculated with a weight-adjusted formula with five factors and a separate industry expert score. Each factor evaluates an aspect of the project and its weight is related to its importance, which was determined by blockchain and finance professionals. Our rating methodology.

Each factor evaluation:

  • Site: 3.8
  • Team: 3.8
  • Project idea and whitepaper: 3.6
  • Technology: 3.8
  • Media: 3.8
  • Users: 0.0

KryptoPal review

KryptoPal is a new SDK platform that will allow different dApps to make crypto payments and transactions from anywhere in the world with any cryptocurrency. KryptoPal will work for a wide variety of applications such as wallets, remittance services, payment networks, eCommerce, gaming, banking systems, etc.

Read full KryptoPal ICO Review here. 

 

The industry's request for convenient API for cryptocurrency transactions has been around for a long time. There are a huge number of projects that have been offering the similar functionality for bitcoins for a long time already on the market (read analysis in our blog), however for the ethereum-based tokens the choice is not so great. With the right approach to the issue and successful marketing, they will have the opportunity to gain a foothold in the market as a reliable tool.

KryptoPal is a single solution that combines the functionality of the platforms considered above into a single SDK. Technology benefits

  • Existing applications can be easily integrated in the ecosystem, their users won’t be forced to switch to a new tool.
  • The project helps to implement blockchain in everyday life, simplifying technology usage and saving time for application developers.
  • Creation of a unified system of transactions, that works in µRaiden network progressive network with low fees.

Risks and Potential

KryptoPal claims “to remove the barriers of mass adoption to cryptocurrency by creating a technology that would make it easier for people to use”. According to the idea of the team, KryptoPal should be a PayPal of blockchain world. Despite the ambitious aspirations, considering that the idea was created in January 2017, it is not yet clear what will allow the team to make KryptoPal a key player in the Ethereum and Ethereum-based tokens SDK market.

Investment prospects

The project looks ambitious and will be useful for the blockchain ecosystem. However, despite the fact that the team has already launched the alpha version of SDK and the API, it is not entirely clear why the project remains unnoticed in the media field and in social media. Either this is a conscious decision of the team or a flaw. In any case, this is a serious point that might drive away investors.

KryptoPal KPX independent rating & review: 3.8
Site
Team
WP+idea
Technology
Media
Users

Comments1

0

Is this project too ambitious while you have not proved anything to investors? That is rediculous when KYC Report at ICOBench has not been conducted so I doubt that the MVP will never be made available. Frankly, I would not invest in the project!