Kryptly | NXT Profit Share Asset | Digital Products KTK - BTC ...

[KryptKoin]

Kryptly is a marketplace for digital products. Currently it has payment options for Bitcoin and KryptKoin, work has started on adding Dogecoin.

The marketplace is brand new and progress on marketing and promotion to attract authors will be ongoing weeks and months. As developer of KryptKoin, I'm giving 20.4% of all revenue to KTK holders, who hold their KTK off exchanges and register their addresses (registration will be live in approx 7 days from the date of this thread). I'm also issuing a NXT asset for 39.6% of all revenue generated.


KTK Holders Profit Share Details

Taking the money supply into account (approx 17M KTK), a total of 20.4% on all revenue generated will be given to KTK holders.

That means, author seller fees, any products created/owned by Kryptly, advertising (banner ads etc) and any other ways revenue is generated.

Initially the profit share is calculated based on:

10000 KTK = 0.012% (taking into account 17M KTK)

The minimum KTK holding required is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively.


When the Profit Share registration is live, see how much KTK is on exchanges and not eligible to receive any profit share. So the % each KTK holder receives will increase based on just the KTK being held in wallets. Anyone who would like to take part in the profit share will register their addresses, and then it can be tracked. Dividends will be paid in BTC & KTK, so any revenue generated in USD/OTHER COINS will be exchanged before being paid out. KTK holders will be able to vote which coins are added.


NXT Asset Profit Share Details

Asset ID: 5901050582068428100 https://trade.secureae.com/#5901050582068428100

A profit sharing NXT asset offering 39.6% of Kryptly revenue. The asset will fund ongoing Kryptly updates, by hiring help can speed up the development.

A breakdown of how funds will be spent:

- 15% on promotion and marketing.

- 25% on creating new Kryptly owned products to sell on the marketplace.

- 60% on development, new features, android app version, adding new coin payment options and hosting an api if required (asset holders will be able to vote which coins are added).


New Payment Options

The next coin to be added is Dogecoin, because there is an API I can use to integrate. Likely after that will be Litecoin again due to an API already available. After that will look at other coins that meet a few requirements, like liquidity, popularity.

Also a credit card option is also in the works and will be added within 2-4 weeks.


Kryptly Revenue

All coin payment options are set at 1% fees, so on author sales they are automatically deducted at the time of sale. Authors are paid directly, and instantly there is no waiting for payments.

Currently there is 2 products that are owned by Kryptly, one is a wordpress plugin, the second is a wordpress theme. Adding new products that are Kryptly owned is one way of generating revenue, with ongoing releases to increase the products portfolio.


Updates/Development

As things progress, details will be listed here.

17/12/2014 - NXT asset goes live (ID: 5901050582068428100).

Kryptly owned products...