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Crystal Token – the Multifunctional Cryptocurrency to Transform Smart Investments  

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Crystal Token

Cryptocurrencies opened the door to a variety of new investment opportunities and approaches that differ drastically from traditional methods. Some of the key aspects of cryptocurrencies from an investor’s perspective are high volatility, lack of an established regulation, decentralized transactions, and small fees. For many investors, cryptocurrencies have become the best formula for generating generous profits at high speed. However, high volatility comes with much greater risks, and some scammers even carry out pump and dump schemes on social media targeting unaware investors, who are lured to spend on newly created tokens with no name.

Crystal Token (CYL) is a new project that aims to help users benefit from safer investment conditions that would ensure a passive income on a daily basis. Sounds great, right? Well, if you are not a believer in methods that can bring a profit on a regular basis, you should know that the current technologies allow the creation of an artificial, computer-based mind that would replace human involvement in trading decisions. It means that you can stick to a professional trading approach, which involves in-depth analysis from both the technical and fundamental side, without actually taking part in the process, as the artificial intelligence (AI) will do everything with much higher accuracy.

The AI-Powered Trading Bot

The Crystal Token team plans to develop an AI-powered trading bot that would rely on machine learning techniques to trade multiple currencies, especially digital tokens. The main strategy used by the bot will revolve around the Trailing Stop technique.

In traditional trading, trailing stop is a type of stop order that is automatically executed when the price of an asset or a currency pair moves against its previous trend (which often is steep and long-term), thus preserving the profits that had been generating during that specific trend. For example, imagine opening a long position on ETH/USD at $600 and setting a trailing stop at 10%. After a while, ETH/USD gains $100 to $700 amid a strong bullish trend, which is good news for you. However, the price suddenly enters a correction and starts to go down. If it loses $10, the trailing stop is automatically triggered, and the position is closed. In this way, you preserve the most significant portion of the profit without even being involved in the trading process, which saves your time and reduces the risks of wrong decisions driven by emotions.

Besides this great technique, Crystal Token’s trading bot will leverage artificial intelligence to conduct complex analysis, such as technical analysis, volume analysis, and anomaly detection.

The Multi-Purpose Nature of Crystal Token

Crystal Token aims to support smart investments by offering a long list of features, from the new concept of virtual staking to various investment plans that can generate a passive income.

The ERC20-based token is meant to be used for the following features:

  • Virtual Staking– this is a new concept in which Crystal Tokens can be invested in multi-currency trading operations that are powered by the trading bot described above. The virtual stakingwill use two types of tokens – CYL tokens and VCYL tokens, the latter being used to pay daily interest and referral bonuses.
  • Trading as a service– this feature will be offered to investors who want to use CYL tokens and the trading bot for automated trading on different exchanges by specifying their API keys. Investors will benefit from accurate trading signals powered by artificial intelligence.
  • Advertising Campaigns– users will be able to spend CYL tokens for advertising campaigns carried out on the Crystal Token’s official websites and Telegram groups.
  • Gaming & Betting– the Crystal platform will feature a series of games to motivate users, allowing them to win generous prizes paid in Crystal Tokens.
  • Pooling– users will be able to organize themselves in pools to achieve different goals.
  • Marketplaces– users will be able to use CYL tokens to buy and sell goods and services.

The team plans to create an entire ecosystem that is to be fueled by Crystal Tokens. Later, it wants to distribute debit cards that would permit loyal clients to spend their CYL tokens in offline shops.

How Can I Receive Crystal Tokens?

You can buy Crystal Tokens at a low price as the team is currently conducting the initial coin offering (ICO). The token sale event is organized as follows:

  • Pre-sale– 250,000 tokens were sold during this stage.
  • Stage 1– 750,000 tokens are planned for sale.
  • Stage 2– 1.5 million CYL tokens are set to be sold.
  • Stage 3– 2 million CYL tokens will be sold.
  • Final Sale– 2 million CYL tokens will be sold.

During each stage, the CYL tokens will be offered in more batches. For example, during the Stage 1, the tokens were provided in 5 batches amounting 150,000 tokens each, and the price increases from 0.001 ETH to 0.0014 ETH.

During Stage 2, the price will increase from 0.0015 ETH to 0.0019 ETH.

Also, it’s important to note that the ICO has several specific features:

  • Daily rounds– each day, at a random time, a number of CYL tokens between 5,000 and 50,000 will be available for sale.
  • Automatic buy– as an investor, you can deposit ETH or BTC into your account and the system will automatically make the conversion to Crystal Tokens based on the first deposit/first served approach.
  • Sell or burn– each day, unsold tokens will be burned.
  • Virtual staking– Even during the ICO, users have the chance to take part in the virtual staking program at a rate of 1.5 VCYL per 1 CYL. During Stage 2, this rate will be 2 VCYL for one CYL.
  • Crystal rewards– each day, the team distributes 10% of the collected ETH tokens to users holding at least 1,000 CYL on the dashboard. The rewards will be offered in VCYL.

As you can see, the price for each Crystal Token increases as the ICO progresses, so investors are invited to join the community at the earliest possible phase in order to enjoy better prices. For more information, check out the Crystal Token website.

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.

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property loans for foreigners in Singapore

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