USD 500,000 allocation for Crypto.com App and Exchange users

Crypto.com is pleased to announce the next project for Supercharger and The Syndicate: Polkadot (DOT) with a USD 500,000 allocation.

DOT on Supercharger
Crypto.com App users will now be able to participate in upcoming events through the App. Both App and Exchange users will receive DOT tokens as rewards for depositing CRO tokens into the Supercharger pool.

Supercharger allows Crypto.com App and Exchange users to deposit CRO and farm DeFi coins with one-click. There are no gas fees and participants can withdraw at any time.

The DOT Supercharger event will commence on Friday, 30 October 2020 on the Crypto.com App and Exchange.

Details:

  • Reward: USD 250,000 allocation
  • Supported deposit token: CRO
  • Estimated APY: 20%+

Event timeline:
Charging Duration: 10:00am 30 October - 10:00am 30 November 2020 UTC
Reward Distribution: 8:00am 1 December  - 8:00am 31 December 2020 UTC

Learn more about the DOT Supercharger here.

DOT on The Syndicate
Users who stake CRO are eligible to participate in The Syndicate event for DOT, and purchase the token at a 50% discount. The maximum amount of CRO that participants can apply will depend on the amount of their CRO stake and their trading volume on the Exchange over the past 30 days.

The Syndicate event will commence on Tuesday, 10 November 2020 on the Crypto.com Exchange and last for 24 hours.

Details:

  • Reward: USD 250,000 allocation
  • Discount rate: 50%
  • Estimated APY: 68%
  • Minimum CRO staking threshold: 5,000 CRO
  • Minimum past 30-day trading volume: USD 5,000

Event Timeline:
Subscription Period: 06:00am 10 November - 06:00am 11 November 2020 UTC
Acceptance Period: 06:00am 18 November - 06:00am 19 November 2020 UTC

Learn more about the DOT event on The Syndicate here.

What is Polkadot?

Polkadot will enable a completely decentralized web, where users are in control. It is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that have yet to be created. Polkadot facilitates an internet consisting of  independent blockchains that can exchange information and transactions in a trustless way via the Polkadot relay chain. The chain makes it easier than ever to create and connect decentralized applications, services, and institutions. By empowering innovators to build better solutions, Polkadot seeks to free society from its reliance on a broken web and large institutions that violate our trust.