Welcome to the introduction of my new blog series here on Publish0x. In these articles I will search up some incredibly underrated projects and gather all the information you need to decide if it's worth considered as a 'hidden gem' or not.
In the following, you will read about a European project called Kryza Network. It was pretty hard to find this gem but I wanted this series to have a strong start so, here it is.
1. What to know about Kryza Network in general?
Well, just how I stated this is a European group and to be more specific, they are Hungarian. And what exactly to know about Hungary? The most important thing is that it is a small market. Like literally a small market in the crypto world. Which led me to the conclusion that once they break through the barricades of their country and become international, it could be a nice run for them.
But let's get back to the project itself. Kryza wants to be an international social media network but not the way you think. How do you use the internet?
If you are like me then one of your typical days on the Internet seems somehow like this:
- - scrolling through Twitter
- - posting a picture on Instagram
- - asking a question on Reddit
- - checking today's market on Binance
- - doing an online course on an e-learning app
- - and probably looking for some second hand product at a marketplace
Now imagine that all these sort of activities will be a click away on Kryza. If their plan goes right then in the future you will be able to handle all these things on Kryza Network. Sounds thrilling, right?
If they do this social media experience the right way, then it could be a life changing event for the early investors. One of the most important parts of this project is right on the way according to the developers: the Kryza Exchange. That's right, their own exchange is all on the move becoming live at the first quarter of next year (first they will launch a beta version of the exchange to maximize the experience for the users until the live version is coming).
In fact, the Kryza Network is already alive but on WorPress which the team wants to replace and eventually develop their own application for Kryza Network. But if you are curious how the network looks like, you can check it out here: kryza.io
Another side info that you can find the developers on their page with a face-reveal: https://www.kryza.io/contact/ (For me and most people, it gains a level of trust in the token, so yeah, it is a good start!)
Now if you are still here, let's get a deep dive into the details - not that deep, don't worry! -
2. Kryza Exchange and its native currency: KRN
At this moment Kryza's native token, the KRN is serving its duties on the Binance Smart Chain. Yes, making an exchange and running on another network? KRN and Kryza also has some similarities with BNB and Binance but that will come a bit later.
KRN is only just a few weeks old but the token has already shown some great climbs upon the charts. If you would like to see the current position in the charts you can do that here: https://poocoin.app/tokens/0x4e6d79cddec12c229d53b38c11b204bcec118885
When this post is written, KRN has a total number of 1232 holders which is let's say, super early to get in. It would have been nice to be the 1233rd holder of BNB, SUSHI or Cake, right? Well, yes... if I would have been that early with those projects, I wouldn't write this article and probably would relax on some island. But anyway I'm here and I want to write some other thoughts about Kryza as well.
KRN also has a 3% of holder rewards which is a pretty cool business and you can collect even more from transaction fees. For example, if you lock up your KRN for a certain amount of time and provide liquidity for the token, you can earn 4% for 3 months, 5% for 6 months and 6% of all transactions for 1 year of liquidity stake.
That's not everything. Their beta version of the Kryza Exchange will come alive in the fall of 2021 and the fully usable Exchange will open its gates at around the Q1 of 2022 so it is not that far from now. But why is it good for us? According to them they want to reward every so called 'VIP Holders' which are traders who locked up their KRN token previously for a restricted amount of time. For example you are a VIP holder in the Kryza Exchange if you have locked up your tokens for 3, 6 or 12 months. While doing that - sorry for the caps lock but I have to use it, I have to - YOU CAN EARN THE 3, 4, 5 OR 6% OF ALL THE OTHER TRANSACTIONS AS WELL. Yeah... not just the KRN pairs but all the other transactions. Seriously a guy like me cannot even imagine how much money an exchange transfers daily.
So if everything goes according to plan for them then it's almost a guarantee that this project will succeed.
3. Referencies and similarities
If you are reading this you are probably more into cryptocurrencies than an average person and I don't have to introduce you Binance and their native coin BNB.
I previously told that the KRN token is running on BEP-20. That is interesting because did you know that BNB used to work on the Ethereum blockchain before it became the currency of Binance's own blockchain, the Binance Chain? Later instead of BEP-2, the BEP-20 and Binance Smart Chain was introduced with the smart contracts pretty similar to ERC-20. The only big difference is that the price is way lower on BEP-20 than on ERC-20. If we stick with the plan and try to keep finding similarities between BNB and KRN then we have to mention BNB's starting price.
It wasn't always $300-400 and surprisingly it started with as little as $0.10 according to CoinMarketCap's record on July 25, 2017. So my hypothesis is that if Kryza keeps evolving and keeps building its network and the social media will be a success, then KRN can expect a significant growth on the charts. I'm not persuming it will come close BNB's price at all but if we are speaking about proportionality then it maybe can come close to it.
Another example is PancakeSwap. Probably I don't have to introduce this either if you are a regular trader around altcoins. CAKE started as low as $0.0002318 on September 29, 2020 and went all the way up to $22.34 (Aug 19, 2021). KRN is currently at $0.00001358 and who knows what the future brings to it's price.
4. The future of Kryza
I was lucky enough to have a little chat with two of the members of the team. They were extremely nice and happy about that I am writing an article about Kryza. They were helpful and answered freely to any of my questions:
Q: What made you join the team?
A: I doubted the chances that this is an another sh*tcoin almost immediately when the guys showed me their ambitious project. I didn't hesitate for too long so I wrote a message that I wanna join them. Minutes later Gergő called me back on his phone and it was like talking with an old friend all along. He was open to any questions I had so we quickly move forward to how could I help the team growing. Since then we talk daily about work but he also became a good friend of mine.
After this conversation I asked one of the developers, Gergő, what the future can bring to the Kryza Network:
Q: What is the main goal of this project?
A: We want to create an ecosystem that provides endless priorities for all users. But our intention is not just in the crypto world to provide benefits for holders, but also to make their daily lives easier with our services. We want to be a distributor of crypto in order to get more people get acquainted with this revolutionary technology. KRYZA NETWORK, as its name suggests, is a network. This system has more, independently functioning parts, which together make up the whole, and ensure the KRYZA NETWORK (KRN) to be a universal crypto token, later on a crypto coin.
KRYZA NETWORK can affect segments such as healthcare, tourism/catering, fitness
or the advertising industry.
Q: How can you do all this?
A: Very simply. We use our own token as the basis for the exchange, so the bep20 network fee and we do not have to reckon with any other expenses other than operating costs. It is not our intention to make extra money with this, so we provide the exchange for anyone at flat cost! Of course, we also make money, but it is provided for us by the advertisements placed on the website.
I hope you all enjoyed this article and I wish the best success for the guys at Kryza
If you want to look up for links, I gathered everything for you already:
Kryza Network: kryza.io
KRN token on bscscan: https://bscscan.com/token/0x4e6d79cddec12c229d53b38c11b204bcec118885#balances
Kryza on Facebook: https://www.facebook.com/kryzatoken
Kryza on Telegram: https://t.me/kryzacoin
Kryza on Reddit: https://www.reddit.com/r/kryzaio/
Kryza on Twitter: https://twitter.com/KryzaToken
ROADMAP of the project: https://www.kryza.io/road-map/
