Crypto.com Exchange to list ALGO with a $500,000 USD allocation at 50% OFF for CRO stakers.
HONG KONG, July 2 2020 – Crypto.com is pleased to announce the listing of Algorand token (ALGO) on The Syndicate platform. All Crypto.com Coin (CRO) stakers will be able to participate in a discounted sale event for 500,000 USD worth of ALGO at 50% off. The listing event will commence on Tuesday, 14 July 2020 on the Crypto.com Exchange.
Sale Amount & Subscription Price:
- Total Algorand Supply: $500,000 USD worth of ALGO token
- Discount rate: 50%
Syndicate Allocation: Each participant’s maximum amount of CRO that can be applied towards the listing event will depend on the amount of CRO Staked 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 ALGO tokens by contributing an amount of CRO tokens not exceeding their respective maximum allocation.
- Staked CRO tokens may not be used to subscribe for ALGO tokens in the listing event
Listing Event Timeline:
Syndicate Allocation Distribution: Listing event participants will receive their finalised ALGO token allocation at Distribution Time. If the total contributed amount for the listing event is above the total discounted allocation, each individual participant’s final ALGO token allocation will be calculated as follows:
- ALGO will be listed on the Crypto.com Exchange on Tuesday, 14 July 2020 with the following trading pairs: ALGO/BTC, ALGO/USDT and ALGO/CRO.
- 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.
For details, refer to our FAQ here.
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Sign up for the Crypto.com Exchange today, stake CRO to participate in the discounted ALGO sale! Stay tuned for more exciting listing events on The Syndicate!
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