The Syndicate Listing Event for RLY with a USD 250,000 allocation at 50% OFF
Crypto.com is pleased to announce the listing of RLY - Rally on The Syndicate platform. If you don’t have an account, sign up for the Crypto.com Exchange now to qualify for this sale!
What is Rally?
Rally is building a Creator-driven network: open-sourced technology with community-first economics, ownership and governance. They have worked closely with creators (YouTubers, Tik-Tokers, Twitch streamers and more) who have built communities and content on multiple platforms to understand their goals, aspirations, and current challenges.
Read more here.
RLY Listing on the Crypto.com Exchange
All Crypto.com Coin (CRO) stakers will be able to participate in a discounted sale event for $250,000 USD worth of RLY at 50% off. The Syndicate event will commence on Tuesday, 11 May 2021 on the Crypto.com Exchange lasting for 24 hours.
Sale Amount & Subscription Price:
- Total RLY Supply: USD 250,000 worth of RLY
- Discount rate: 50%
Each participant’s maximum amount of CRO that can be applied towards the listing event will depend on the amount of CRO Staked and past 30 days’ trading volume on the Crypto.com Exchange, as shown below:
*The maximum allocation in CRO stated in the table above is indicative and for reference only. Please visit crypto.com/exchange/syndicate on the listing day to view the final maximum allocation.
Syndicate Allocation Subscription:
- Crypto.com Exchange users will be able to subscribe for RLY by contributing an amount of CRO tokens not exceeding their respective maximum allocation. Staked CRO tokens may not be used to subscribe for RLY in the listing event.
- Crypto.com Exchange users will need to trade the minimum volume required at your CRO staked level in the past 30 days in order to be eligible to subscribe.
- The past 30-day trading volume is calculated daily at 00:50:00 UTC; thus, the volume calculated as of 11 May 2021 00:50:00 UTC will be used to determine your eligibility. For more information regarding exact cutoff times, refer to our FAQ here.
NOTE: The trading volume can take up to 1 day to calculate at most. To avoid any delays, we advise you to satisfy the trading requirement well in advance of the subscription timelines.
Listing Event Timeline:
Syndicate Allocation Distribution:
The sales will last for 24 hours from 11 May 2021 06:00 UTC till 12 May 2021 06:00 UTC. “Acceptance Period” will start 7 days after the “Sales Ends”. Estimated APY (annual percentage yield) for the event is 141%* on CRO contributed during the 7-day period.
Listing event participants will receive their finalised RLY allocation at Distribution Time. If the total contributed amount for the listing event is above the total discounted allocation, each individual participant’s final RLY allocation will be calculated as follows:
*Estimated APY is calculated based on the CRO contributed in the previous FLOW Syndicate Listing Event
- Crypto.com reserves the right to cancel or amend The Syndicate campaign rules at its sole discretion.
- Citizens and residents of the United States, China and Hong Kong will be excluded from The Syndicate campaign.