SnapEx IDO Launch on KrystalGO: Announcement & Participation Details

Whitelist Registration for $SNAP IDO will begin on December 09. Visit KrystalGO to complete KYC and stake $KNC to accumulate points. You can check your points & tier on the Dashboard.

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Krystal Wallet

6 min readDec 9, 2021

SnapEx is a game-changing derivatives trading platform providing Contract for Difference (CFD) trading to the retail and institutional markets. The $SNAP token is the platform token for the SnapEx ecosystem. It enhances utility and rewards through the lending, crowdfunding, and token issuance activity that takes place on SnapEx.

KrystalGO is pleased to be one of the launchpads to host the upcoming $SNAP token launch.

SnapEx Pool on KrystalGO
Whitelist Registration
Token Sale
Pool Initiation
Vesting Schedule
How to join SnapEx 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 SnapEx Pool, and complete Whitelist Registration
∘ Step 6: Check Whitelist results

SnapEx Pool on KrystalGO

Token Ticker: $SNAP
Token Type: BEP-20
Network: Binance Smart Chain
Total Raise: 250,000 USDT
Total Available Tokens: 10,000,000 SNAP
Deposit Token: USDT on Binance Smart Chain
Price per token: 0.025 USDT

Whitelist Registration

Starts: December 09, 2021, 08:00 UTC (16:00 GMT+8)
Ends: December 12, 2021, 08:00 UTC (16:00 GMT+8)

Whitelist Results Announcement: December 12, 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 $SNAP IDO Pool will happen anytime between 08:00–10:00 UTC, Dec 09.

Token Sale

Phase 1: December 13, 2021, 08:00–12:00 UTC (16:00–20:00 GMT+8)

ONLY Whitelisted users who are given an allocation based on their tier, can purchase during this phase.

Phase 2: December 13, 2021, 13:00–14:00 UTC (21:00–22:00 GMT+8)

All users who registered for the project pool can purchase. Token amount will be predetermined.

Phase 3: December 13, 2021, 15:00–16:00 UTC (23:00–00:00 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

December 17, 2021, 13:00 UTC

Vesting Schedule

25% unlocked at TGE: December 17, 2021, 13:30 UTC
5% unlocked each month, over the next 15 months

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How to join SnapEx 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. December 12, 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 December 12, 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 SnapEx Pool, and complete Whitelist Registration

Go to Pools
Select SnapEx
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 December 12, 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.

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For more information

⭐️ Step-by-step IDO/INO Participation Guide here

⭐️ Tier explanation here

⭐️ Help Center here

About SnapEx

SnapEx is a game-changing derivatives trading platform providing Contract for Difference (CFD) trading to the retail and institutional markets.

Founded in 2018, SnapEx has since been funded by some of the world’s leading Venture Capital organizations, setting the stage for SnapEx to scale and grow even further, with presence in Southeast Asia, the Middle East, and Europe.

SnapEx is set to become the only CFD platform to provide both an Ecosystem and a Platform Token to its audience.

Serving over 200,000 registered users, SnapEx will be offering an all-in-one suite of both CEX and DeFi, staking functionalities, licensed crypto stocks, quant and copy trading, options trading, and more.

The aim of SnapEx has been the same since day one — to bridge the gap between traditional and digital finance and encourage the mass adoption of cryptocurrency globally.

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.