Let’s face it — cryptocurrencies and blockchain technology are much more than just a promise of revolutionizing transactions and decentralization — they also represent a once-in-a-lifetime opportunity to financial freedom.
However, those who have invested into digital currencies will know firsthand that the early adopter phase can be anything but steady. In fact, since both public and private capital hit fever pitch this January (pushing the total market cap of cryptocurrencies above $700b), the market has been rife with volatility and bearish sentiment that can cost investors if they are not careful.
This is where Crystal Token (CYL) comes in — a multi-purpose utility token designed specifically for passive income generation. The team behind Crystal Token has developed a working concept that utilizes a cutting-edge AI-based trading bot and the concept of virtual staking to reward token holders with a steady source of income.
Here’s how it works.
Crystal’s Multi-currency Trading Bot Allows Anyone to Earn During Market Volatility
Compared to the huge cryptocurrency market gains of 2017 and early 2018 — much of this year has been dominated by the bearish sentiment which has made profit-earning from market trading all the more difficult.
However, anyone familiar with Wall Street and trading bots know that the most skilled traders can still turn a profit during down times.
This is why Crystal Token is developing a fully-functional trading bot that will be offered to Crystal token-holders as a service. Crystal’s multi-currency trading bot is powered by:
- Advanced machine-learning techniques that can learn and optimize trades for the most profit, even in a bear market, removing human emotion and error from the equation
- Will buy and sell multiple digital currencies
- Utilizes trailing stop and other trading techniques to minimize risk and lock in profits whenever possible
- Neural network models, tree-based models, and time series forecasting methods able to predict accurately and make profits even in a bearish market
Crystal’s trading bot will incorporate some of the best features available to any public investor. For more information on the AI and trading mechanisms involved in Crystal Token’s auto trading program, you can read page 7 of the Crystal Token whitepaper here and the specific leaflet about the trading bot.
The Full-Benefits Virtual Staking Program
In addition to trading-as-a-service, Virtual Staking will be offered to Crystal token holders as another form of passive income. Crystal’s Virtual Staking program consists of several staking plans, each tailored to the unique interests of the investor.
Two different tokens will be used to reward investors that participate in this program: Crystal (CYL) tokens and VCYL tokens.
The original Crystal (CYL) tokens will only be available during the ICO and for exchanging at a later date and will be required to open a virtual staking contract.
VCYL tokens are additional token used within the Crystal economy to pay investors for staking and referrals and will have its value tied to 0.001 ETH.
The nature of the VCYL staking rewards means that they will grow more valuable as Ethereum increases in value (Ethereum was valued at $7 USD last January — it is now worth over $700 USD).
Crystal’s whitepaper provides an example of how their lucrative staking program works to the benefit of their community:
For example, customers who invest more than 2,500 VCYL will receive 3% of their initial invested tokens in CYL; customers who invest more than 10,000 VCYL will receive 7% of their initial invested tokens in CYL. For example, if a user opens a contract of 1,000 CYL worth 1.5 VCYL each, the contract value will be 1,500 VCYL, according to which daily interests will be paid.
At the end of the contract, he will receive the capital back (1,000 CYL) plus 30 CYL tokens at their current value, which could also worth 10 times the initial invested capital. This reward represents the ultimate solution to the contrasting strategies adopted by professional cryptocurrency traders, who always must decide whether hold their tokens or opening a contract in a platform.
For those that want a faster plan with slightly smaller returns, Crystal Token has a short-term staking plan for token releases at 30, 60, and 90 days.
The Crystal Token ICO
For early investors that want to participate in Crystal’s innovative project, there is currently a public token sale underway. The presale has been sold out, but there is a limited amount of Crystal Tokens (750,000) available in Stage 1 currently.
Here are the Crystal Token ICO details:
Token Type: ERC-20
Crystal Token (CYL) Total Supply: 28m
ICO Supply: 7m
Team Supply: 6m
Stage 1 CYL Price: Starts at 0.001 ETH = 1 CYL — will increase to 0.0014 ETH
For those looking to take advantage of passive income during an unpredictable market, you can get involved in the token sale during the next stage here.
As always, do your own diligence and research before investing. If you want to learn more about Crystal Token, check out the following links below.
Crystal Token Homepage: https://crystaltoken.co/
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels
Property Loans for Foreigners in Singapore That You Must Know About
Intending to invest in a residential or commercial property in Singapore?
When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.
In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.
HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE?
As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.
In this sense, Singapore has the Loan to Value Ratio (LTV).
The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:
- If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000.
- When you are applying for a loan with a Housing…
CoinField Launches Sologenic Initial Exchange Offering
CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform. Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.
Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play. The desktop version is available for Windows and Mac.
“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…
Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page
Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.
The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone, including those who are trying this betting for the first time.…