Kryll — An automatic crypto trading platform for everyone.

Today we interviewed Kryll’s CTO Philippe Longère and CMO Olivier Paul Collorafi on our coinmonks slack community, Kryll is platform for building automated trading strageries and sharing them. Below is chat transcript of that interview.

Me: Tell us about Kryll.io? What is Kryll and why are you doing it?

Phil: Story started last year with my associate Luca and Paul, since we were trading cryptos for a while, and we’re doing our own bots on our side to try and save some (precious) time.All were scripts in python or nodes, running on our servers etc…But this is a cumbersome process and we could not share with our friends So the idea came up to make something easy to use (for coders or noncoders) and to share: Kryll.io.

Me: Tell us a little bit more about automated trading?

Phil: So Kryll is not an “automatic” black box trading bot.You will define yourself (using the drag&drop interface, or renting somebody else’s work) what it should do, and then it’ll run automatically.

Paul: I have a strategy example to share with you guys.

Kryll automatic trading Strategy builder

with some explanations, What it does:1 — Catch the start of the form on Callisto ETC hard fork (sentiment analysis + volume & price increase, using social media)2 — Buy ETC3 — If market drop: false flag, short ETC + SMS alert + stop strategy4 — If price increased (fomo) sell ETC @+15%, send email, stopthis kind of strategy will be built by Kryll users, they will be able to rent them also in the marketplace.

Me: Does kryll will help any who has no experience in trading because most of the traders in crypto space are new to trading?

Phil: It will because it’s easy to use (flows), and will have free testing (back-test or live simulation) capabilities. So people can try it easily with no risks.We’re coming from the video game, and free-to-play is something we adhere to.

Uttam(A community Member): So basically the user can define rules for trading and they can share it with other Kryll users, right?

Phil: Also, we want the whole thing (again video games) to be user-friendly and community-driven because that’s how we have learned to make great stuff in the past.Yep, there will be a marketplace where users with nice ideas can share their work (for a fee they will decide).

Me: Are you using any new tech for this? (something built in-house)..of course, the whole platform builds in-house ..is there something new that’s new to automated trading space ?

Phil: Well apart (as you said) from the platform, we will emphasize our R&D on tools like sentiment analysis (we work with Eurecom institute on that) and AI-based predictors that can be associated (or not) with more regular TA indicators to create new decision making approaches.

Me: So tell us about your roadmap? where are you now where are going in next 2 years ?

Phil: Right now we have some code running server side (the code I was mentioning in introduction), UI is being built (the GIF Paul posted is a recording of it), we’ll release an alpha version during summer, my guess is also a pre-alpha (with like 10 selected testers to avoid any FUD on token) in June, then before the end of 2018 a beta release for everyone.Next year we’ll boost up (it takes some R&D) the sentiment analysis and IA tools with our advisors.Then we’ll work on an SDK to offer other the possibility to make “blocks” of their own.

Me:”Then we’ll work on an SDK to offer other the possibility to make “blocks” of their own.” it means platform distribution ..?

Phil: We think there are people out there with ideas and coding skills, we want to offer them the possibility to be integrated into Kryll as new blocks (for which they will take a share of the running fee of course). We will provide a lot of blocks on the platform (we have listed 50 so far), but there may be some missing, so either the community tells us that this would be nice and we decide to build it, or some people will do it on their side and provide it.

Paul: also each of these blocks will bring passive revenues to its developer.

Me: Can you explain these block concept ..what are they and how they fit in the kryll platform?

Phil: Take the example of the Twitter sentiment analysis block :We’ll work with Raphael at Eurecom on that matter because they have expertise on that, and provide a block that will (for example) give an indication that ETC is having a pretty good mood on social networks. But this will only be a way to analyze and do that, maybe someone in the field as well will be able to trace either different sentiment or do it another way that could be valuable as a “base block” as well. The SDK will give that person the possibility to be in the pack of blocks as if it was one of our own, or almost.Or your question was about blocks in general, not related to the future SDK ?

Kryll Blocks definition, source — kryll.io

Me: Blocks in general?

Phil: blocks are the elements of the flows, they can either be logical operators, signals, variable values (like a market volume, trend, any TA indicator), notifications to the user, orders. Using those you can build the flow of your strategy very easily (took less than a minute to design the GIF posted earlier) before testing them, and running them.

Me: great ..a general question how you see crypto space in next 2 year?

Phil: This year I see (and we all see) many new people entering the space (and an easy to use tool could be cool for them) .Regulations should take place everywhere for the good of all players.(and to get more people aboard as well)And then, we have yet to see (apart from Ethereum and a few others) a real blockchain application give value and credit (for those pseudo non-believers) to the whole space.

Uttam(A community Member): cool, but how will you define a correct sentiment through social platforms because somebody can easily influence or push his thought process through these platforms?

Paul: sentiment through social platforms can be achieved via AI with a good accuracy actuallyPhil: There are parameters that you cannot cheat, for example, the power of real influencers (that cannot really cheat because they would do that only once). And also manipulation is actually part of the game right now.

Me: and I think we can trust these platforms(like twitter) .because they also need to protect themselves ..so they also monitor spams ..but sentiment can be influence strategically ..but it will take effort.

Phil: Yep, that’s why it is on our R&D timeline, won’t be perfect at first, and will take some work.

We thanks,Phil and Paul for their time and Now they are our community member too.

Check out our latest interview A glimpse inside the latin America Crypto market, Interview with Alteum Founder Victor?

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Kryll — An automatic crypto trading platform for everyone. was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.