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KrystalGO Complete Participation Guide: For all IDO/INO launches

Visit https://go.krystal.app to complete KYC, stake $KNC to accumulate points, and check your point-count & tier on the Dashboard.

Felicia Phua
Krystal Wallet
12 min readOct 28, 2021

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Updates
(May 11, 2022): The KrystalGO point system has been revised effective 11 May 2022. Please refer to our Gitbook for the latest update.
(November 15, 2021): Tiers have been revised and updated.

Ever since we released teasers about the platform, and hints about token and NFT launches upcoming in the month of November, we’ve been hearing many questions from the community.

We are here to answer your questions! In this post, we will break down every step of the participation process. Once you are familiar with it, you can apply this to every public sale on our platform.

If you would like to find out more about KrystalGO, you can view our Support Page, or some of the Frequently Asked Questions.

You can also watch our tutorial video, which has step-by-step instructions on how you can participate in any IDO/INO launches on KrystalGO.

Table of Contents

Step 1: Connect Wallet

  1. Go to https://go.krystal.app (Always make sure the URL is go.krystal.app — bookmark it to be safe)
  2. At the top right hand corner, click on Connect Wallet
  3. Connect your wallet that you would like to participate with. You can choose from MetaMask, CoinBase or WalletConnect.

Please note that each wallet connects to only 1 KYC account. If you change the wallet, your recorded profile cannot be used.

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Step 2: Pass your KYC check in order to register for any sale

You will need to complete your KYC before in order to be able to register for all upcoming token launches. This has to be only done once.

  1. Click on Dashboard
  2. Scroll down, and click on KYC now

Documents Required

Certain citizens are not allowed to pass KYC with either ID or a Driving License. In this case, you would need to have a Passport for verification. You can find the ​​list of Identity Documents supported by Blockpass here.

For KYC verification, you require a Proof of Identity. One of the following is required:

  • Passport
  • National ID card
  • Driving license

Follow the instructions to complete the KYC process. Once completed, Blockpass will now review your submission. Results and updates will be sent directly to your email address, so keep a lookout there on the status of your verification. You can now close and sign out.

To adhere to compliance policies, users from some countries have been restricted. Contact us on the Krystal Telegram channel if you are unable to complete KYC because of this.

While waiting for Blockpass to complete the review, you can start accumulating points first.

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Step 3: Stake KNC

The first way you can accumulate points is by staking Kyber Network Crystal (KNC) tokens on KrystalGO.

For every KNC staked on KrystalGO, 1 point will beawarded. You can view your accumulated points on the KrystalGO Dashboard.

How to Stake KNC?

  1. Go to Dashboard
  2. Approve KNC token to stake. You only need to do this transaction once.
  3. After the transaction is confirmed, click on Stake to stake your KNC.
  4. For every KNC staked on KrystalGO, 1 point is awarded.

Please note: Once you have staked KNC, you can only unstake the tokens after 7 days.

Where to buy KNC?

If you want to buy more KNC, click on the ‘Buy KNC’ button, and it will bring you to the Krystal website, where you can swap any tokens for KNC.

Stake KNC on multiple chains

  1. If you are holding KNC on multiple blockchains, you can even choose to stake them on all chains.
  2. You can choose to stake on Ethereum, BNB Smart Chain or Polygon.
  3. You can check your total amount of KNC staked in the left column.
  4. Click on details to see the breakdown of the amount of KNC you have staked on each chain.

Once again, for every KNC staked on KrystalGO, 1 point is awarded.

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Step 4: Trade on Krystal

The second way you can accumulate points is by trading on Krystal.

It is not a requirement to trade on Krystal to accumulate points. If you have already achieved your desired tier by staking KNC, you don’t need to fulfil any trading requirements.

For every 10 USD token swap trade volume on Krystal, 1 point wil be awarded. You can view your accumulated points on the KrystalGO Dashboard.

  1. To accumulate points from trade volume, visit https://defi.krystal.app
  2. Token swaps on all of Krystal’s supported blockchains will be counted. Currently, Krystal supports Ethereum, BSC, Polygon, Avalanche, Fantom and Cronos. Swapping tokens on any blockchain will boost your overall trade volume.
  3. Trade volume will be calculated 30 days back from the end of a project’s whitelist stage.
  4. You can view your accumulated points on the KrystalGO Dashboard.

Please note that: Only swap transactions are counted. Wrap or unwrap transactions are not eligible.

Transactions are counted on all the supported blockchains.

How is the 30-Day period calculated?

Trade volume will be calculated 30 days back from the end of a project’s whitelist stage.

For example, Project A’s whitelist stage ends on 30th November. Your trade volume from 1st to 30th November will be taken into account.

Once again, the trade volume of token swaps will be calculated in USD. For every 10 USD token swap trade volume on Krystal, 1 point is awarded.

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Step 5: Check your tier

Participating in KrystalGO is very simple, and our tiering system provides opportunities for all community members regardless of their capital size.

To view all our tiers, click on ‘Detail’:

Updated: November 15, 2021

Topaz (300 points)

(Effective from November 15, 2021)

  • You can achieve the point requirement by either staking KNC, swapping tokens on Krystal, or a combination of both actions
  • There are no minimum requirements set for the amount of KNC staked
  • There is no minimum trading volume on Krystal required

We lowered the point requirement at launch in order to cater to more members with lower capital. We have decided that now is a good time to raise the point requirement back up to 300.

This tier does not guarantee participants an allocation. All participants in this tier will have to enter a raffle, and the whitelisted slots will be randomly assigned.

Obsidian (3,000 points)

  • Minimum amount of KNC staked = 1,200 KNC
  • To make up the rest of the points, either stake more KNC or accumulate points by trading on Krystal

This tier does not guarantee participants an allocation. All participants in this tier will have to enter a raffle, and the whitelisted slots will be randomly assigned.

Emerald (10,000 points)

  • Minimum amount of KNC staked = 4,000 KNC
  • To make up the rest of the points, either stake more KNC or accumulate points by trading on Krystal

All qualified participants in this category will be guaranteed an allocation.

Sapphire (35,000 points)

  • Minimum amount of KNC staked = 14,000 KNC
  • To make up the rest of the points, either stake more KNC or accumulate points by trading on Krystal

All qualified participants in this category will be guaranteed an allocation.

And finally, the higher the tier, the greater the token allocation

  • Your exact allocation will only be revealed a few hours after the end of the Whitelist Registration period.
  • Participants have to make sure to maintain your tier until your allocation is revealed.
  • The higher the tier, the greater the token allocation.
  • The allocated token amount in each tier will differ on a by-project basis. It will be revealed during each project’s IDO announcement.

For example, for Project A’s token launch:

  • Participants in Topaz will be allocated 10 tokens to purchase
  • Participants in Obsidian will be allocated 100 tokens to purchase
  • Participants in Emerald will be allocated 1,000 tokens to purchase
  • Participants in Sapphire will be allocated 10,000 tokens to purchase

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Step 6: Register for Whitelist

It’s the moment you’ve been waiting for — registering for whitelists!

After your KYC status is verified, and you have started accumulating points on KrystalGO, you are now able to participate in token sales.

Click on IDO pool to learn about available projects

Select the project you are interested in, and you learn everything about it on the project page

On the top left hand corner, you can see which blockchain this token sale is conducted on, and what the deposit token is.

You can also see the complete timeline. You will see the dates for each stage — from the start of the whitelist, to the end of sale.

If you are interested in joining a project, click on Register Now. If you do not register, you won’t be able to join the sale.

If you are required to perform social tasks, a pop-up will be shown. Fill in the corresponding information and click Submit.

  • Your status still is updated to Registered.
  • Do note that you have to maintain your tier level throughout the registration period until the results are announced.
  • Participants in ALL TIERS have to wait until the end of Whitelist Registration for the Whitelist Results Announcement to find out their token allocation.

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Step 7: Participating in Token Sale

If you have completed the registration and are whitelisted to join the token sale, you will be able to participate in the token sale.

Check Project Timeline & Information

Please note that each token sale will be conducted in 3 phases.

  • Phase 1: Only whitelisted wallets can buy.

Members with guaranteed allocation and winners of the pool, please purchase within Phase 1. If you miss it, your allocation will be passed to the second phase for others.

  • Phase 2: Wallets that have registered for the project can buy.
  • Phase 3: All wallets that have completed KYC on Krystal can buy.

If you don’t get into the whitelist, you will still have the chance to buy during a later phase, as long there are still tokens available.

All of these information can be found on the project page.

  1. Timeline of token launch: Make your necessary preparations.
  2. Sale progress: This bar shows how many tokens have been purchased. The sale will end when the progress reaches 100%.
  3. In this box, you could see your allocation and the ongoing phase. This is where you make the deposit transaction.
  4. Token information: Here you could see how many tokens will be sold, the token rate, the currency that will be used.

Making a Deposit

  1. Connect your wallet (which was whitelisted and KYC-ed) and select the corresponding blockchain of the project.
  2. Approve the smart-contract.
  • This step is required when the currencies required by the pool are non-native tokens. You must approve their use on the pool’s smart contract.
  • You only need to do this transaction once, so for pools using native tokens, you will not have to perform this step.

3. Deposit

  • Check your maximum allocation
  • Type in the amount you want to purchase (or click Max to auto-fill with your max)
  • Click Deposit.

4. Confirm on your wallet and wait until the transaction is mined. When the transaction is confirmed, the purchase amount will be updated accordingly.

With that, you have purchased your tokens successfully.

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Step 8: Claiming your Tokens

Different projects have different token vesting periods. To check if your tokens can be claimed at the end of the token sale, visit the project page.

  1. Click on Claim to claim your tokens.
  2. After the transaction is completed, the project’s token will be available in your wallet.

When can I claim the tokens?

  1. For projects that fully unlock after the sale period, you will be able to claim all the tokens after the sale period.
  2. For projects that have a vesting schedule,
  3. Token will be unlocked block-by-block, you can make the claim transaction any time.
  4. You will be able to claim all the tokens after the vesting period ends.

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Mark your calendars for our first 4 launches!

Pegaxy

Pegaxy is a racing game with futuristic mythological styling. It is built on a dual economic model with 2 native currencies. One of which is Pegaxy Stone (PGX), a governance token built on the Polygon (Matic) Chain.

KrystalGO is pleased to host the sale of PGX tokens.

  • Start of Whitelist Registration: November 1, 2021, 13:00 UTC
  • Start of Token Sale: November 5, 2021, 08:00 UTC

More information will be revealed on October 29, 2021.

RIFI United

RIFI United is a P2E soccer manager simulator, and a product of Rikkei Finance. RU is the in-game currency of RIFI United.

KrystalGO is pleased to host the sale of RU tokens.

  • Start of Whitelist Registration: To be Announced
  • Start of Token Sale: November 9, 2021, Time to be Announced

More information will be revealed closer to the date.

Blockchain Monster Hunt

Blockchain Monster Hunt is the first multi-chain NFT monster hunt game. KrystalGO is pleased to be part of Genesis Hunt — an Initial NFT Offering (INO) event held across 10 launchpads. Different Genesis Monsters are released for sale on different launchpads.

KrystalGO is pleased to host the sale of Animur, a Genesis Monster exclusively available to be purchased on our platform.

  • Start of Whitelist Registration: To be Announced
  • Start of NFT Sale: November 10, 2021, Time to be Announced

More information will be revealed closer to the date.

Elpis Battle

Elpis Battle is a Turn-based RPG NFT Game implemented on the Binance Smart Chain network. EBA is the game’s governance token.

KrystalGO is pleased to host the sale of EBA tokens.

  • Start of Whitelist Registration: To be Announced
  • Start of Token Sale: November 19, 2021, Time to be Announced

More information will be revealed closer to the date.

If you have any questions, do not hesitate to send us a message on Telegram or check in with our Support & FAQ page.

It’s all systems GO from now on forward! Stay tuned for more exciting news!

About KrystalGO

KrystalGO is a platform that allows community members to participate in public rounds of funding by token projects.

KrystalGO has participation tiers designed to cater to users of different portfolios. To qualify, users are allotted points in 2 categories — amount of staked Kyber Network Crystal (KNC) tokens at KrystalGO, and overall token swap trading volume on the Krystal platform.

At launch, KrystalGO supports projects built on Ethereum, BNB Smart Chain (BSC), Polygon and Avalanche. It will soon expand to include other networks to cater to more projects and users.

About Krystal:

Krystal is a multi-chain platform to easily access popular decentralized finance (DeFi) services and manage NFTs. Krystal currently supports 23 DeFi services on 6 blockchains — Ethereum mainnet, BNB Smart Chain, Polygon, Avalanche, Fantom and Cronos.

Krystal has an intuitive user interface that acts as a single point of access to transact with leading protocols on each blockchain. This includes KyberDMM, Uniswap, Aave, Compound, Venus Protocol, PancakeSwap, SushiSwap, QuickSwap & Pangolin et.al.

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.

Navigate the DeFi Space now with Krystal!

For APK and other ways to download, please refer to the Krystal website at http://krystal.app

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Felicia Phua
Krystal Wallet

Written by Felicia Phua

243 Followers

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