Krystal, a multi-chain platform to simply entry common decentralized finance (DeFi) providers and handle non-fungible tokens (NFTs), debuts its latest service KrystalGO. KrystalGO is a launchpad that enables neighborhood members to take part in public rounds of funding by varied token initiatives.
In step with Krystal’s mission of simplifying entry to DeFi, KrystalGO goals to be a platform the place any neighborhood members can simply take part in token gross sales of top quality blockchain initiatives. With a easy person interface with simple necessities, customers of all demographics can simply acquire entry to challenge launches on KrystalGO.
Krystal welcomes any DeFi and NFT initiatives constructed on Ethereum, Binance Good Chain (BSC), Polygon and Avalanche to launch on KrystalGO. It is going to quickly broaden to cater to initiatives and customers on different networks.
To take part, customers undergo a 4-step course of
1. Contributors are required to finish the Know Your Buyer (KYC) course of. That is supported by a third occasion service supplier, Blockpass.
2. Contributors need to stake Kyber Community Crystal (KNC) and swap tokens on Krystal. There aren’t any minimal necessities set for each.
Based mostly on the quantity of KNC staked and the USD worth of token swaps, members accumulate factors.
a. For each KNC staked on KrystalGO, 1 level is awarded.
b. For each 10 USD commerce quantity on Krystal, 1 level is awarded. Commerce quantity of token swaps on Krystal is calculated in USD. It’s calculated 30 days again from the top of a challenge’s whitelist stage.
3. Based mostly on the factors collected, members shall be allotted to their respective tiers.
a. Contributors in tiers Topaz & Obsidian undergo a raffle course of to be allotted a slot.
b. Contributors in tiers Emerald & Sapphire are robotically allotted a slot.
4. All members with allotted slots are assured token allocation. The upper the tier, the better the token allocation.
4 Tasks Launching in November
Krystal is happy to have confirmed partnerships with 3 initiatives, which shall be conducting token and NFT gross sales on KrystalGO within the month of November.
1. Pegaxy – November 5, 2021
- Pegaxy is a racing recreation with futuristic mythological styling.
- Pegaxy is constructed on a twin financial mannequin with 2 native currencies. One in every of which is Pegaxy Stone (PGX), a governance token constructed on the Polygon (Matic) Chain.
- KrystalGO will begin the sale of PGX tokens on November 5, 2021.
2. RIFI United – November 9, 2021
- RIFI United is a P2E soccer supervisor simulator, and a product of Rikkei Finance.
- RU, a BEP-20 token, is the in-game foreign money of RIFI United.
- KrystalGO will begin the sale of RU tokens on November 9, 2021.
3. Blockchain Monster Hunt – November 10, 2021
- Blockchain Monster Hunt is the primary multi-chain NFT monster hunt recreation.
- KrystalGO is happy to be a part of Genesis Hunt – an Preliminary NFT Providing (INO) occasion held throughout 10 launchpads. Totally different Genesis Monsters are launched on the market on totally different launchpads.
- The Genesis Monster – Animur shall be completely accessible to be bought on KrystalGO on November 10, 2021.
4. Elpis Battle – November 19, 2021
- Elpis Battle is a Flip-based RPG NFT Sport applied on the Binance Good Chain community.
- EBA is the sport’s governance token.
- KrystalGO will begin the sale of EBA tokens on November 19, 2021.
“KrystalGO is a promising initiative by Krystal. It is going to function a platform to each expose high quality initiatives to the neighborhood, and allow the neighborhood to get their foot within the door on many promising initiatives. Particularly with its revolutionary allocation mechanism, initiatives can stay accessible to each small or massive capital members,”
shares Simon Kim (CEO & Managing Accomplice, Hashed) in regards to the prospect of KrystalGO.
“By supporting top quality DeFi and NFT initiatives on common blockchains, KrystalGO is opening its doorways to an enormous neighborhood of initiatives and customers. Completely aligned with our mission of bettering accessibility of DeFi to the lots,”
stated Sunny Jain (CEO, Krystal).
members can go to the KrystalGO web site to start out making ready for the upcoming launches.