We were delighted to welcome our guest from Krystal. The AMA took place on August 29th, 2021 and our guests were @hiepcopywriter and @jarvis57! <\/p>\n\n\n\n
The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n
Mary\nSatoshi Club: <\/strong>Hello Satoshi\nClub! We are happy to announce our AMA session with Krystal! Welcome to Satoshi\nClub😀<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>today our guests – @hiepcopywriter and @jarvis57!\u00a0 🚀<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>how are you guys doing? 😊<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>Thank you for having\nme here @Cool_as_Ice<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>I’m doing great!<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>awesome! 👍<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Welcome here 😀<\/p>\n\n\n\n jarvis: <\/strong>Glad to be\nhere. Hi everyone<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>hello! good to have you both here, with us today😃<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>so let’s start our AMA with a short intro!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Wow, nice stickers 👍<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Guys, could you please introduce yourself and tell\nus more about Krystal 😀<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>ok, maybe I will go\nfirst<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>Hi SatoshiClub\nfellows,<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Sure, take your time<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>My name is Jason –\nHead of Marketing at Krystal. Prior to Krystal, I have worked at one Forex\ncompany, then KyberSwap – a DEX utilizing Kyber Network protocol. I only dove\ndown into blockchain\/crypto in the middle of 2019, when I was looking for some\nof the most suitable ways to invest my money. The more I researched, the more\ninterested I am in this industry. In a stroke of luck, KyberSwap was recruiting\na Marketing Manager at that time & of course, I couldn’t miss that chance.\nAfter 1.5 years, we decided to revamp KyberSwap to a totally new full-fledged platform\nso-called Krystal. So, I’m here today.<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>done, your turn\n@jarvis57<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Great background! Sure this will help Krystal a lot!<\/p>\n\n\n\n jarvis: <\/strong>thanks\n@hiepcopywriter<\/p>\n\n\n\n jarvis: <\/strong>Hi\neveryone, my name is Jarvis, CTO at Krystal. I have a few years of experience\non blockchain. Prior to Krystal, I used to found Etheremon, one of the early\nNFT game. Now im seeing a need on adopting blockchain tech to new users. That’s\nwhy im joining Krystal to building a cool wallet to access defi services.<\/p>\n\n\n\n jarvis: <\/strong>Glad to be\nhere today<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Awesome! Sure, with your experience you will make\nKrystal even better!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>So, guys! What is Krystal and it’s main goals?<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Also we will be happy to know who are behind your\nproject and how big is Krystal’s team😀<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>@hiepcopywriter @jarvis57<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>In a nutshell,\nKrystal is a one single-stop shop for all Defi. User can manage their\nportfolio, swap tokens, supply their funds to earn interests, participating in\nyield farming, liquidity mining & other features in decentralized manner.<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>For example: Krystal\nnatively integrate with KyberDMM, Uniswap, SushiSwap (on Ethereum),\nPancakeSwap\/ApeSwap (on BSC), QuickSwap\/SushiSwap (on Polygon Matic) for\nseeking the best rates for users.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Very nice! 😄<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>for more information,\nplease refer to our website: https:\/\/krystal.app\/<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>Done \ud83d\ude42<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>sounds good, so we can compare it with apps like Zerion and Zapper?<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>A lot of protocols!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>I am also interested 😉<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>I think it depends on\nthe vision of each project. Krystal sounds like a Defi aggregator since very\nbeginning, and we aim to integrate with at least 500 protocols under the hood.\nOn the other hand, in my opinion Zapper\/Zerion started their businesses as a\nportfolio management platform.<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>that’s true<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>But it’s just my\nopinion, so don’t take it seriously 😎<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>haha but it’s a good opinion 😉<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Btw😉<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>@jarvis57 you might\nwant to take this question?<\/p>\n\n\n\n jarvis: <\/strong>The team\nis around 20 persons now. This is also the team behind KyberSwap<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Gotcha! Quite big team! By the way, first question\nfrom our first part is connected to your answer😄<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>So, thank you for your great intro and are you ready\nto start with the questions from our community?)<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>couldn’t wait to see\nthe questions \ud83d\ude42<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>let’s begin!!!!🚀🚀🚀<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>appreciate for the great intro!<\/p>\n\n\n\n Q1 from Telegram user @Jonahapagu<\/em><\/strong><\/p>\n\n\n\n The Krystal Platform is said to be built by the team\nbehind KyberSwap, which is a decentralized token swap service and one of the\nmost popular DeFi applications in the world\u2026 so why was an entirely new\nplatform created instead of improving the functionalities of the already\nexisting Kyber swap, are both platforms related in terms of their\nfunctionalities and what they can be used for, what are the clear differences\nbetween this two platforms coming from the same team, and with the creation of\nthe Krystal Platform will the team still continue making further improvements\non Kyber swap alongside Krystal or will all their focus now be on krystal\u2026..<\/em><\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>Ok let me take this.\nThat’s really a good question!<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>yes, please 😊<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>At KyberSwap, our aim\nhas always been to add value to everyday traders and users in Defi through our\nunique and pratical product. Bearly 2 years after the launch of our decentralized\ntoken swap service, KyberSwap has become one of the biggest trading volume DEXs\nand has faciliated seemless peer-to-peer token swaps for thousands of users.\nKyberSwap was always a dapp inside KybeNetwork ecosystem<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>so Krystal will be something bigger?<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>So, KyberSwap product\nwas initially incubated at KyberNetwork, but it already completed its’s mission\nwhich was bootstrapping the whole KyberNetwork ecosystem at that time.<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>And we decided to\nterminate KyberSwap, and come with a new initiative as Krystal right now.\nLikewise, Krystal is independent from KyberNetwork. Krystal have full liberty\nto operate in anyway they deem fit. With Krystal, we believe that we can reduce\ncomplexities and greatly simplify the Defi experience for everyone. Krystal app\nis a Defi Hub that saves users time, money, and effort by consolidating the\nbest Defi services under one roof without any limitation.<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>– Done –<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>Yeap, KyberSwap only\nintegrated with KyberNetwork. But Krystal can integrate with any protocols as\nwe want. So Krystal is much more bigger & ambitious than KyberSwap 😎<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>one more thing,<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>Krystal has raised\n6.6mil usd from seed round. Please read more details here:\nhttps:\/\/finance.yahoo.com\/finance\/news\/krystal-raises-6-6m-build-132000626.html<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>Fully done with this\nquestion.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Wow, congratulations 👏🎊👏<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>wow this is big!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Thank you for your answers, guys! Ready to proceed?<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>sure<\/p>\n\n\n\n Q2 from Telegram user @DK177<\/em><\/strong><\/p>\n\n\n\n It is not advisable to put all the eggs into one\nbasket. When we use KRYSTAL, all out wallets are linked to one platform. Is it\nsafe? Using your app on my mobile device is a convenient option. However, what\nwill happen if I loss my phone? Can anyone access the KRYSTAL app and withdraw\nfunds from all the wallets linked to it? After installing the app, how can I use\nit securely? Please give a brief guidance for using the mobile app.<\/em><\/p>\n\n\n\n jarvis: <\/strong>It’s a\ntechnical one I think I should take it<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>sure, please go ahead<\/p>\n\n\n\n jarvis: <\/strong>Security\nis our highest priority, thus we do everything we can to ensure your fund is\nsafe.<\/p>\n\n\n\n Firstly, all your private keys\/ seed phrase is encrypted and store\nlocally on the mobile, we do not control or manage user\u2019s wallet. Thus the fund\nis completely in your control<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>your app is already fully available on mobile devices? btw<\/p>\n\n\n\n jarvis: <\/strong>Secondly,\nto access the app, users will need to enter the pin code or bio ID (.e.g\nfaceID) thus if someone got your phone, it is nearly impossible for them to\naccess the app<\/p>\n\n\n\n jarvis: <\/strong>yes, we\nare available on both iOS and Android. You can download them here\nhttps:\/\/krystal.app \ud83d\ude42<\/p>\n\n\n\n D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>👍 very keen\nto try it 🙃<\/p>\n\n\n\n jarvis<\/strong>: <\/strong>Continue the\nquestion. Lastly, If your phone broke down or loss, you can always recover the\nwallet easily with the private key or seed phrase. Make sure to write them down\nand keep them safe when you create the wallet<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>What about whole platform security and audits? Did\nyou pass them?<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Yes, this is the main thing!<\/p>\n\n\n\n jarvis: <\/strong>Yes, the\ncontracts are fully audited and published at\nhttps:\/\/github.com\/KYRDTeam\/krystal-core<\/p>\n\n\n\n D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>that’s a\nvery good reminder, lots of people still forget about it<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Thank you! I see you really care about security!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Thank you for your answers guys! Ready to jump to\nthe next question?😄<\/p>\n\n\n\n jarvis: <\/strong>Im done\nwith the question btw. In case you need help, we are happy to support at\nsupport.krystal.app<\/p>\n\n\n\n jarvis: <\/strong>yes pls go\nahead \ud83d\ude42<\/p>\n\n\n\n Q3 from Telegram user @Cheriemike<\/em><\/strong><\/p>\n\n\n\n Hello Krystal<\/em><\/p>\n\n\n\n Currently,Krystal allows users to swap tokens\nthrough DeFi protocols like Uniswap and Sushiswap and earn yield through\nplatforms such as Compound and Aave.You also support Ethereum,BSC and Polygon\nNetworks.My question is,Do you have plans to Integrate to more protocols and\nblockchain like Solana and Polkadot?I notice Krystal doesn\u2019t have its own token\nyet,can you tell us why you choose \u201cKrystal Point and not Bep20 or Erc20\ntokens?What is the flexibility of Krystal Point and when will your token be\navailable? Thanks<\/em><\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>@jarvis57 I think\nyou’re the right person to answer this?<\/p>\n\n\n\n jarvis: <\/strong>sure<\/p>\n\n\n\n jarvis: <\/strong>First,\nSolana and Polkadot are already on our roadmap. We will support more and more\nblockchains\/ protolcols in the future as well<\/p>\n\n\n\n jarvis: <\/strong>Regarding\nwhy we choose Krystal Point instead of a token, please note that the Krystal\nteam is currently focused on launching a product that adds great value to DeFi\nusers. As of now, Krystal is still in a nascent stage and doesn\u2019t need a native\ntoken yet. Thus, at the early stage of the product, KP is a helpful tool for\nKrystal growth<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Guys, i have a question 😂<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>nice! 👍 you will be integrate all popular blockchains\ngradually?<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Is it possible that we will hear the words\n‘retroactive airdrop’ one day from Krystal?😄<\/p>\n\n\n\n jarvis<\/strong>: <\/strong>Yes. Actually we\nfocus more on the long term growth, which we can integrate new protocols and\nnew blockchains quickly. Right now Krystal can integrate with Ethereum\ncompatible chains very fast. After that we are taking research on Solana and\nothers<\/p>\n\n\n\n Jason Vu\n| Krystal.app <\/strong>🦇🔊<\/strong>: <\/strong>It’s very common in\ncrypto space nowaday. Of course we will satisfy every loyal user. That’s the\nthing to be announced. Please bear with us.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Sure, i love your answer! And i think it’s time to\nuse your platform!😉<\/p>\n\n\n\n