Krystal x PancakeSwap Integration

Published on: 01.06.2021

Krystal integrates with PancakeSwap, so Krystal users can swap BEP-20 tokens via PancakeSwap on Binance Smart Chain.

Soon, users can also supply stablecoins on Venus.finance to get passive income, and earn Krystal Points that can be redeemed to BNB.

The Binance Smart Chain (BSC) ecosystem has enjoyed significant growth since Feb 2021. According to bscscan.com statistics at the time of writing, there are approximately 800k active wallets on BSC which generate 8 million transactions per day (compared to Ethereum which has 650k daily active wallets with 1.2 million daily transactions). Moreover, PancakeSwap — a BSC-based exchange has flipped Uniswap in transaction volume multiple times since last April.

You might ask:

“Does the Krystal Point system still work on BSC?” and “What happens to my referral wallets on Ethereum? Will they still be taken into account if they use BSC?”

The answer is “Yes” and “Yes”. Let us clarify some points here:

When you import/create a wallet on Ethereum, a new wallet on BSC will be created respectively with the same wallet address, and vice versa.
Krystal Point and Referral Program are still applied on BSC.
All referral wallets of yours on Ethereum, you will see them again on BSC.
From now on, we will differentiate between Krystal Point on Ethereum (so-called eKP) and Krystal Point on BSC (so-called bKP).
On Ethereum, you can redeem eKP to get ETH. Then on BSC, you can redeem bKP to get BNB.

What is Binance Smart Chain?

Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Binance Chain intact while introducing smart contracts into its ecosystem.

What is Krystal?

Krystal is a non-custodial app that boasts an immersive and frictionless DeFi experience for users by consolidating the best DeFi services under one roof, saving users time, money and effort.