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Hashed-backed DeFi Platform Krystal Debuts Token Launchpad, KrystalGO

CryptocurrencyOct 28, 2021 11:02AM ET
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Hashed-backed DeFi Platform Krystal Debuts Token Launchpad, KrystalGO

Krystal, a multi-chain platform to easily access popular decentralized finance (DeFi) services and manage non-fungible tokens (NFTs), debuts its newest service KrystalGO. KrystalGO is a launchpad that allows community members to participate in public rounds of funding by various token projects.

In line with Krystal’s mission of simplifying access to DeFi, KrystalGO aims to be a platform where any community members can easily participate in token sales of high quality blockchain projects. With a simple user interface with straightforward requirements, users of all demographics can easily gain access to project launches on KrystalGO.

Krystal welcomes any DeFi and NFT projects built on Ethereum, Binance Smart Chain (BSC), Polygon and Avalanche to launch on KrystalGO. It will soon expand to cater to projects and users on other networks.

To participate, users go through a 4-step process

1. Participants are required to complete the Know Your Customer (KYC) process. This is supported by a 3rd party service provider, Blockpass.

2. Participants have to stake Kyber Network Crystal (KNC) and swap tokens on Krystal. There are no minimum requirements set for both.

Based on the amount of KNC staked and the USD value of token swaps, participants accumulate points.

a. For every KNC staked on KrystalGO, 1 point is awarded.

b. For every 10 USD trade volume on Krystal, 1 point is awarded. Trade volume of token swaps on Krystal is calculated in USD. It is calculated 30 days back from the end of a project’s whitelist stage.

3. Based on the points accumulated, participants will be allocated to their respective tiers.

a. Participants in tiers Topaz & Obsidian go through a raffle process to be allocated a slot.

b. Participants in tiers Emerald & Sapphire are automatically allocated a slot.

4. All participants with allocated slots are guaranteed token allocation. The higher the tier, the greater the token allocation.

4 Projects Launching in November Krystal is pleased to have confirmed partnerships with 3 projects, which will be conducting token and NFT sales on KrystalGO in the month of November.

1. Pegaxy – November 5, 2021

  • Pegaxy is a racing game with futuristic mythological styling.
  • Pegaxy 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 will commence the sale of PGX tokens on November 5, 2021.
2. RIFI United – November 9, 2021

  • RIFI United is a P2E soccer manager simulator, and a product of Rikkei Finance.
  • RU, a BEP-20 token, is the in-game currency of RIFI United.
  • KrystalGO will commence the sale of RU tokens on November 9, 2021.
3. Blockchain Monster Hunt – November 10, 2021

  • 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.
  • The Genesis Monster – Animur will be exclusively available to be purchased on KrystalGO on November 10, 2021.
4. Elpis Battle – November 19, 2021

  • Elpis Battle is a Turn-based RPG NFT Game implemented on the Binance Smart Chain network.
  • EBA is the game’s governance token.
  • KrystalGO will commence the sale of EBA tokens on November 19, 2021.
“KrystalGO is a promising initiative by Krystal. It will serve as a platform to both expose quality projects to the community, and enable the community to get their foot in the door on many promising projects. Especially with its innovative allocation mechanism, projects can remain accessible to both small or big capital participants,” shares Simon Kim (CEO & Managing Partner, Hashed) about the prospect of KrystalGO.

“By supporting high quality DeFi and NFT projects on popular blockchains, KrystalGO is opening its doors to a huge community of projects and users. Perfectly aligned with our mission of improving accessibility of DeFi to the masses,” said Sunny Jain (CEO, Krystal).

Interested participants can visit the KrystalGO website to start preparing for the upcoming launches.

Continue reading on DailyCoin

Hashed-backed DeFi Platform Krystal Debuts Token Launchpad, KrystalGO
 

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