CrystalToken.co is a new virtual trading/staking platform. They rebooted their ICO and now are in the middle of ICO 2.0. This has drawn some complaints from some people; however, I think they’re adjusting to the reality of creating a successful automated trading platform in the cryptosphere.
During their ICO, you can purchase CrystalToken CYL directly from their website. They have randomly timed, daily allotment sell offs and any tokens that are not sold that day are burned (disposed of). At the end of their ICO, if they’ve not sold all of the coins they had for the ICO, they will be burned off as well. This will keep the value of the CYL coins from dropping.
This initial offering is broken up in to 5 stages and they are currently in stage 2. The price of CYL ticks up 0.0001 ETH at each stage: in stage 1, 1 CYL was 0.001 ETH, in stage 2, 1 CYL is 0.0011 ETH, etc. I don’t really think they are burning may CYL coins as I deposited some ETH during stage 1 and it took 3 days to get my CYL as they had more buyers than coins in their allotment each day. This is all outlined on the ICO page of their website.
If you have 1000 CYL (or more) in your account (but not staking) during the ICO you will receive a % of daily sales (I’m not sure if there’s a cap, but I think there is).
Their white paper outlines how their trading platform works, it’s complex and I’m not going to try and reduce it here and make an oversimplification that reduces the elegance of their work: you can read their whitepaper on their website.
If you purchase CYL, you can immediately (even during the ICO) start staking and making $. This is done by purchasing a contact. This is done under the virtual staking section of their website. You can select between long and short term, and between some options in the long term package. To purchase a contract you use your CYL to purchase VCYL. Daily interest is paid and can be converted back to CYL or directly to ETH and withdrawn. This is big difference over some other staking platforms. While your capital you used to purchase the contract is tied up until the contract matures, you can use the daily interest you earn right away (yes, I’ve seen VCYL tokens show up in my account from the daily interest, so it works).
I also used their support system and got responses: as I mentioned above, it took 3 days to get my CYL tokens after depositing ETH. I was concerned and contact their support and was answered with accurate information.
I like this platform and think it’s a good investment as well as a good option for those wanting to invest their funds in a platform that will really pay off for them.
They also are developing a trading bot that you can use directly, although it’s not ready at this time.
Sign up here: CrystalTokens ICO and get your CYL now!
Until next time,