Kingspeed IDO Launch on KrystalGO: Announcement & Participation Details
Whitelist Registration for $KSC IDO will begin on November 26. Visit KrystalGO to complete KYC and stake $KNC to accumulate points. You can check your points & tier on the Dashboard.
Kingspeed is a Free-to-play and Play-to-earn blockchain-based racing game where players use NFT cars and equipment to challenge other players in a huge and ever-expanding racing world that we created. $KSC is the in-game token that can be used to purchase items in the game, stake and participate in governance.
KrystalGO is pleased to be one of the launchpads to host the upcoming $KSC token launch.
Table of Contents
- Kingspeed Pool on KrystalGO
- Whitelist Registration
- Token Sale
- Pool Initiation
- Vesting Schedule
- How to join Kingspeed Public Pool on KrystalGO?
∘ Step 1: Connect Wallet on KrystalGO
∘ Step 2: Go to Dashboard, Complete KYC
∘ Step 3: Accumulate Points
∘ Step 4: Check your Tier
∘ Step 5: Select Kingspeed Public Pool, and complete Whitelist Registration
· Step 6: Check Whitelist results - How to join Kingspeed Community Pool on KrystalGO?
∘ Step 1: Connect Wallet on KrystalGO
∘ Step 2: Go to Dashboard, Complete KYC
∘ Step 3: Wait for Token Sale
Kingspeed Pool on KrystalGO
- Token Ticker: $KSC
- Token Type: BEP-20
- Network: Binance Smart Chain
- Total Raise: 100,000 BUSD
- Total Available Tokens: 2,000,000 $KSC
- Deposit Token: BUSD on Binance Smart Chain
- Price per token: 0.05 BUSD
Kingspeed Public Pool: 90,000 BUSD
For all KrystalGO users
Kingspeed Community Pool: 10,000 BUSD
ONLY for Kingspeed Giveaway Winners. Click here to participate in the giveaway.
Read more about this in the Kingspeed Community Pool section of this article.
Whitelist Registration
- Starts: November 26, 2021, 08:00 UTC (16:00 GMT+8)
- Ends: November 29, 2021, 08:00 UTC (16:00 GMT+8)
Whitelist Results Announcement: November 29, 2021, 10:00 UTC (18:00 GMT+8)
DO NOT withdraw your KNC before the result announcement is live, even if the Registration Phase has ended! Cut-off time to snapshot your total points to decide your tier for the $KSC IDO Pool will happen anytime between 08:00–10:00 UTC, Nov 29.
Token Sale
- Phase 1: November 30, 2021, 14:00–16:00 UTC (NOV 30, 22:00–DEC 1, 00:00 GMT+8)
ONLY Whitelisted users who are given an allocation based on their tier, can purchase during this phase.
- Phase 2: November 30, 2021, 16:30–17:00 UTC (DEC 1, 00:30–01:00 GMT+8)
All users who registered for the project pool can purchase. Token amount will be predetermined.
- Phase 3: November 30, 2021, 17:30–17:45 UTC (DEC 1, 01:30–01:45 GMT+8)
All KYC-ed KrystalGO users can purchase. Token amount will be predetermined.
In Phase 1, you can purchase your allocation anytime during the token sale time. However, Phase 2 and 3 will run on a First come First serve (FCFS) basis.
Pool Initiation
More details will be provided soon
Vesting Schedule
- 25% unlocked at TGE: December 03, 2021, 16:30 UTC
- 25% unlocked each month, over the next 3 months
How to join Kingspeed Public Pool on KrystalGO?
To be eligible, please complete the following steps.
Step 1: Connect Wallet on KrystalGO
Step 2: Go to Dashboard, Complete KYC
If you need help, you can find the complete instructions here.
Step 3: Accumulate Points
You can check your points and tier on the KrystalGO Dashboard. (Do note you can only check this on the KrystalGO page, not the Krystal page)
There are 2 ways you can accumulate points.
- Stake KNC on KrystalGO (1 KNC = 1 point)
No minimum requirement for Topaz ; minimum requirement required for Obsidian, Emerald or Sapphire.
- Go to Dashboard
- Select your preferred chain. We support staking on Ethereum, BSC and Polygon. All chains are eligible.
- Approve KNC token to stake. You only need to do this transaction once.
- After the transaction is confirmed, click on Stake to stake your KNC.
- Once staked, you can only unstake after 7 days.
- If you want to buy more KNC to stake, click on the ‘Buy KNC’ button, and it will bring you to the Krystal website, where you can swap any tokens for KNC.
- Trade on Krystal (10 USD = 1 point)
This is not a requirement. If you have already achieved your desired tier by staking KNC, you don’t need to fulfill any trading requirements.
Your trade volume will be calculated 30 days back from the end of a project’s whitelist stage — IE. November 29, 2021, 10:00 UTC (18:00 GMT+8).
Step 4: Check your Tier
🟠 Topaz (300 points) — Effective from November 15, 2021
No guaranteed allocation. All participants in this tier will have to enter a raffle, and the whitelisted slots will be randomly assigned.
- Minimum amount of KNC staked = 0
- You can achieve the point requirement by either staking KNC, swapping tokens on Krystal, or a combination of both actions
- During registration for the whitelist, you will be required to complete social tasks.
🟣 Obsidian (3,000 points)
No guaranteed allocation. All participants in this tier will have to enter a raffle, and the whitelisted slots will be randomly assigned.
- 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
- During registration for the whitelist, you will be required to complete social tasks.
🟢 Emerald (10,000 points)
Guaranteed allocation
- 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
🔵 Sapphire (35,000 points)
Guaranteed allocation
- 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
IMPORTANT NOTES
- Your exact allocation will only be revealed on November 29, 2021, 10:00 UTC (18:00 GMT+8).
- Please make sure to maintain your tier until your allocation is revealed.
- The higher the tier, the greater the token allocation.
Step 5: Select Kingspeed Public Pool, and complete Whitelist Registration
- Go to Pools
- Select Kingspeed
- Click on Register Now
- KrystalGO will ask you to sign your wallet. Click Sign on your wallet to complete the registration process
- Your status still be 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.
Step 6: Check Whitelist results
- This will be announced on November 29, 2021, 10:00 UTC (18:00 GMT+8).
- If you are in tiers Topaz or Obsidian, a raffle will be conducted at the end of the Registration period. You will know if your wallet has been selected during the announcement.
- If you are in tiers Emerald or Sapphire, you will find out your token allocation during the announcement.
How to join Kingspeed Community Pool on KrystalGO?
The following ONLY applies to Kingspeed Giveaway Winners. Click here to participate in the giveaway.
Winners would have been informed by the Kingspeed team that you have won an IDO slot for their IDO on KrystalGO.
Step 1: Connect Wallet on KrystalGO
The wallet you are connecting on KrystalGO, must be the same wallet you have provided in the giveaway held by Kingspeed. Any discrepancy will void your slot.
Step 2: Go to Dashboard, Complete KYC
You have to complete KYC before Whitelist Registration ends on November 29, 2021, 08:00 UTC (16:00 GMT+8).
If you need help, you can find the complete instructions here.
Step 3: Wait for Token Sale
- Phase 1: November 30, 2021, 14:00–16:00 UTC (NOV 30, 22:00–DEC 1, 00:00 GMT+8)
You can purchase your allocation anytime during this phase.
- Phase 2: November 30, 2021, 16:30–17:00 UTC (DEC 1, 00:30–01:00 GMT+8)
If there are remaining token allocations, you will be able to purchase during Phase 2 as well. Token amount will be predetermined.
- Phase 3: November 30, 2021, 17:30–17:45 UTC (DEC 1, 01:30–01:45 GMT+8)
If there are remaining token allocations, all KYC-ed KrystalGO users can join the Community pool to purchase. Token amount will be predetermined.
Pool Initiation
More details will be provided soon
Vesting Schedule
- 25% unlocked at TGE: December 03, 2021, 16:30 UTC
- 25% unlocked each month, over the next 3 months
About Kingspeed
Kingspeed is a Free-to-play and Play-to-earn blockchain-based racing game where players use NFT cars and equipment to challenge other players in a huge and ever-expanding racing world that we created. In Kingspeed, users can collect rare virtual items including Cars, Drivers, Gears and Race Tracks. Furthermore, they can use their collectibles to race in our racing games. The design of the collectible components of the game simulates traditional scarcity-based collecting games. Our racing game will contain multiple game modes and activities, allowing users to earn rewards while playing the game.
Website | Twitter | Telegram Announcements | Telegram Group | Discord | Medium | Facebook | Youtube
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, Binance Smart Chain (BSC), Polygon and Avalanche. It will soon expand to include other networks to cater to more projects and users.
KrystalGO | Krystal DApp Platform | Krystal Main Website | Twitter | Telegram | Medium | YouTube
