Crypto.com recently announced that Bitcoin (BTC) is now listed on Supercharger, a one-click liquidity mining platform.
To participate in this offer on Supercharger, users are to sign up for an account on the Crypto.com exchange or Crypto.com app. When users on the exchange and app deposit CRO tokens into the Supercharger pool, they become eligible to earn Bitcoin rewards.
BTC Supercharger Event Details
On the Crypto.com exchange and app, the BTC Supercharger event started on Sunday, the 29th of November. Users that have participated in the DOT Supercharger event, which ended at 10:00 am on the 29th of November, can still participate. When they deposit their CRO into the Supercharger pool, it will automatically be carried over to the BTC event. In this case, they can be able to farm BTC with a total allocation of USD 250,000.
The charging duration spans from 12:00pm November 29 – 12:00pm UTC December 29, 2020. During these 30 days, users will be able to deposit and withdraw from the Supercharger pool. Participants who choose to withdraw their CRO deposits from the pool are free to do so at any time in this period.
Also, participants are free to make multiple deposits throughout this period. These activities attract no gas fees during this Charging Period. Participants should also note that when they deposit their CRO into the Supercharger, it does not count as staking. These tokens can, however, be used in DeFi protocols that generate yields. An example of such a protocol is the Crypto.com DeFi Swap. At the end of this period, the price of the reward token will be determined.
The Reward Distribution Period takes place over 30 days: 10:00 am December 31, 2020 – 10:00 am UTC January 30, 2021. During this period, users will be able to receive their reward tokens. These reward tokens will be based on their share of the liquidity provided during the Charging Period.
More Info
During this 30-day period, the eligible users will receive their reward tokens once they have accepted the reward terms. If users do not accept the terms before the beginning of the Reward Distribution Period, they will have to forfeit a portion of their reward. To calculate your rewards, check here.
It is also pertinent to note that Crypto.com has the right to amend or cancel the rules of the Supercharger campaign rules without consulting the participants.
Before now, Crypto.com announced that its Visa cards will be made available to customers in Canada. As a result, Canadians can now apply for their Crypto.com Visa cards, and shipping of the physical cards to Canada will begin in January.
As of the time of writing, Crypto.com Coin (CRO) price was $0.063438 with a 24-hour trading volume of $36,022,946. CRO price also went down by 0.5% over the last 24 hours. It has a circulating supply of 22 billion coins and a max supply of 100 billion coins. Crypto.com is currently the most active market trading CRO.
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