What Is Crystal? (CYL)

Crystal serves as a fully automated trading platform that links its users' cryptocurrency to trade on their behalf. The platform aims to facilitate its customers gain experience through trade profitability. Crystal seeks to allow anyone from anywhere to earn passive income through cryptocurrency trading. The forum also aims to offer users the opportunity to perform automatic multi-currency trading.

In addition to the above, the network seeks to develop a trading bot that combines different strategies and adapts to different market conditions.

The forum offers a copy trading service. Copy Trading refers to the practice of investing by partnering with a reliable trader that clones or mimics existing traders' transactions. Crystal lets its users clone its trading but only charge on performance or the winning trade.

The platform has identified a few challenges that it believes to have proven in the inefficiency of many other trading platforms over which Crystal brings forth improvements:

• Long Term Capital Release: long term packages wherein customer's capital gets locked for three to eight months, which becomes a barrier to the customer's flexibility. 

• Hidden Business models: Platforms claiming their business is based on trading operations without real evidence about such activities. Thus, users' interests could be paid only if new members join the program, harming the customer's profitability.

• Vertical Management: Allowing the management to abruptly change anything related to the platform's use or functionality without prior approval of the users. CYL is the ecosystem's native digital token that operates on Ethereum platform. CYL is an ERC20 token. The token is offered to the users who get a discount on the platform's trading fees.

History of Crystal (CYL)

The platform was founded in 2018. Gerard Paras serves as the CEO, and Kat Lim serves as the CMO. The team members include Brian de la Torre, Julian C. Margeloiu, Daryl Monicit, and others.

Crystal's whitepaper was released on January 1, 2018. CYL's initial coin offering (ICO) was held between February and March 2018. Further, the token's maximum supply is 28 million.