Introducing Krystal’s Launchpad, KrystalGO
Updates
(11 May, 2022): The KrystalGO point system has been revised effective 11 May 2022. Please refer to our Gitbook for the latest update.
Most of you have caught wind of our teaser, and have made your guesses. We can now confirm some of your speculations to be accurate :)
Today, the Krystal team is happy to announce the launch of KrystalGO, a community-focused Initial DEX Offering (IDO) launchpad for next-generation crypto gems. Community members will be able to invest in up-and-coming blockchain startups.
As a multi-chain platform to access DeFi services and manage NFTs, Krystal has always kept key considerations in mind when thinking of what is next on our development roadmap. With KrystalGO, our aim is to introduce a high quality yet easy-to-use token sale platform, simplifying DeFi accessibility for the masses — newbies and veterans alike.
Multi-Chain
We recognise that according to each project’s requirements, different projects prefer to build on different blockchains. KrystalGO caters to all. At launch, we will be supporting projects built on Ethereum, Binance Smart Chain (BSC), Polygon and Avalanche.
Simple Process
We understand how competing for an IDO allocation can be a long-winded and costly process. KrystalGO makes it simple for you.
- Complete KYC — Done via a third-party service provider on the KrystalGO platform
- To determine which tier you belong to, you will be allotted points based on:
- Amount of Kyber Network Crystal (KNC) staked
KNC is the native token of Kyber Network, a liquidity hub that connects liquidity from a wide range of sources to power instant and secure crypto exchange in any decentralized application without the need for an intermediary.
As one of the most popular liquidity protocols, we recognise the stronghold that KNC token holders possess in this DeFi space.
- 30 Day Trading Volume on Krystal
For eg. 0–100 points places you in Tier A, 101–1000 points places you in Tier B
3. Depending on the tier, you may either go through a raffle to be allocated a slot, or be automatically guaranteed a slot.
4. No gas wars — Being allocated a slot also means you do not need to pay a ridiculous amount in gas in order to secure your tokens.
Education
As an investor, it is key to know what you are getting into; as a project, it is key to tell your story to the community.
- Information about projects will be found on KrystalGO.
- Events will be organised by Krystal in collaboration with projects, where the community will get a chance to learn more about the projects in the form of AMAs, Learn & Earns, Social Quests etc. Projects can expect a growth in their communities as well.
How to participate in KrystalGO projects?
Complete KYC
Prior to participating in any IDOs on KrystalGO, you will have to complete the Know Your Customer (KYC) process at least 24 hours before the first pool opens. This will be done on the KrystalGO website.
Interested participants can complete your KYC from October 28, 2021 onwards.
Please stay tuned as we release more information closer to KrystalGO’s official launch date.
For each IDO, interested participants will be allotted points and tiered
Interested participants will be allotted points based in the following categories.
1. Staked KNC
First, is the amount of KNC staked on KrystalGO. Participants will have the option to stake KNC on Ethereum, Binance Smart Chain (BSC) or Polygon.
Based on the amount of KNC staked, participants will be allotted the respective number of points. More details will be released on October 22, 2021.
To prepare, here are some ways you can buy KNC:
- Swap any tokens for KNC on Krystal
Krystal is natively integrated with multiple DeFi protocols on multiple blockchains (KyberDMM, PancakeSwap, SushiSwap, Pangolin etc) to bring you the best token swap rates. You can swap any tokens for KNC on your preferred blockchain.
Ethereum: https://bit.ly/krystal-eth-buyKNC
BSC: https://bit.ly/krystal-bsc-buyKNC
Polygon: https://bit.ly/krystal-matic-buyKNC
- Buy KNC on an exchange
You can find the list of exchanges here, as published by Kyber Network.
2. 30 Day Trading Volume on Krystal
Second, we will take into account each participant’s trading volume on Krystal in the last 30 days. Based on their 30 day trading volume, we have a point-system to allot points to participants.
We will dive into the specifics in our next announcement on October 22, 2021.
Based on your accumulated points, you will be allocated into your respective tier
Participation tier requirements will be determined on a per-project basis and be decided alongside our partner projects. Specific eligibility requirements will be officially announced prior to each IDO.
How do I stay updated about upcoming IDO launches?
All announcements will be released on Krystal’s social media channels. The same will be announced on official channels of any participating projects. To get first dibs on any opportunities, you should subscribe to our official social media channels:
- Telegram — Be constantly in the know; friendly conversations with community admins and members
- Twitter — Be instantly alerted; announcements will be shared on Twitter
- Medium — Be fully informed; detailed instructions will be published on our site about how you can participate in an upcoming IDO
Upcoming KrystalGO Projects
And with that, we’re excited to announce the first 2 projects which will be launching on KrystalGO very soon.
Pegaxy
Pegaxy (Pegasus Galaxy) is a racing game with futuristic mythological styling. Pega (the horses) are descendants of the mighty Pegasus. In this game, players will participate in PvP format races to win rewards in the platforms native utility token, VIS (Vigorus).
RIFI United
RIFI United is a P2E soccer manager simulator, built with a unique game depth and a vast and complicated match calculation system to provide proper level of competitiveness and lasting enjoyment for players, paving the way for future NFT lending of Rikkei Finance.
More details will be released from October 22nd onwards, on how you can participate in the IDO of each project.
More Coming Soon on October 22, 2021
Come October 22, 2021, we will be releasing more information about:
- Equivalent point allotted for each KNC staked
- Equivalent point allotted for every dollar of trading volume
- More detailed information about each tier
We hope you’re as excited as we are! Tweet us or send us a message on Telegram if you have any questions. We’ll come with more news on October 22nd!
You can refer to our dedicated Support page and Frequently Asked Questions for more information.
About Krystal
Krystal is a multi-chain platform to simplify access to popular decentralized finance (DeFi) services and manage NFTs.
To simplify a user’s DeFi experience, Krystal has built an intuitive user interface that acts a single point of access to transact with multiple protocols such as KyberDMM, Uniswap, Aave, Compound, Venus Protocol, PancakeSwap, SushiSwap, QuickSwap, ApeSwap, MDEX, BabySwap, BakerySwap, Pangolin & Kyber Network.
Krystal aims to be every user’s go-to venue for swapping tokens, earning passive income, NFT management, portfolio management and market insights. Topping it off, Krystal’s one-of-a-kind rewards program earns users bonus incentives when they trade or successfully refer friends. Since its launch in April 2021, Krystal has attracted thousands of users from over 87 countries.
Krystal currently supports 23 DeFi services on 4 blockchains — Ethereum mainnet, Binance Smart Chain, Polygon and Avalanche. It will soon expand to other networks such as Solana, Polkadot and Cronos to cater to more users.
