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What is Crystal Token?
Crystal Token is an Ethereum based (ERC20) token tied to an Evolutionary Lending Platform, mantained by a decentralized team whose main expertise belongs to the field of IT and Artificial Intelligence.
Our main purpose is to offer an innovative token which offers convenient passive income options, known as lending packages, for our community members.
The sustainability of the system is guaranteed by a number of business models which generate revenue for our platform, such as automated trading with support of AI techniques, internal exchange fees, marketplaces, internal exchange fess, marketplaces and trading-as-a-service.
Our contract is deployed on the Ethereum blockchain and our source code is publicly accessible.
How does Crystal Token differ from other lending based cryptocurrencies?
The crucial problem of most of the existing lending platforms is that, once a lending profit has been generated, it is often not available for withdraw.
This happens since a withdraw operation depends on the availability of people who want to buy tokens to activate a lending contract. This shows that the only underlying business of these platforms is a Ponzi scheme.
Other important issues include:
– Vertical management, which results in decisions taken abruptly by the team, without the approval of the community;
– Lack of constant customer rewards, which leads people to move their capitals constantly in search of new and more profitable projects;
– Limited ability to spend the token, which functionality and usefulness is strongly dependent by the lending system.
In order to face all these limitations, Crystal Token proposes a number of business models that generate revenues, which will be reinvested on the platform to guarantee all its functionalities.
Moreover, we implemented convenient lending packages which include incremental rewards for our customers, and innovative features such as pure reinvest and combined lending and staking.
Finally, we propose a democratic system which involves our community members in the decisions taken during the developemnt of the platform.
Virtual Staking Concept
Our Virtual Staking Program is unique and it is based on two tokens:
• CYL token: our main ERC20 token which will be sold during theICO, exchangeable for ETH
• VCYL token: our virtual token that will be used to pay daily interests and referral bonuses. They can be converted to CYL tokens at the current market price. The value of a VCYL token will be strongly tied to ETH and will be always worth 0.001 ETH
Advantages:
• Detachment from USD
• Investors can benefit from a possible increase of the ETH value
• Both tokens allow to open Virtual Staking plans;
• The value of CYL tokens in ETH is determined by classic demand and offer mechanisms decided by the market on our internal exchange.
• Daily interests are paid in VCYL tokens (1 VCYL = 0.001 ETH) which can be converted in CYL tokens.
• We set a promotional starting rate of 1 CYL = 5 VCYL for Virtual Staking plans. When we launch the exchange, the rate will be decided by the market.
*I am not a Financial adviser, please do your own due diligence before investing and only invest what you can afford.
