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Crypto.com: 3 million platform users, ALGO Syndicate and competition for traders with a prize pool> USD 1 million | Blocksats

This week, Crypto.com has news for its users about the next Syndicate and a unique competition for traders using the API. In addition, remedies for COVID-19 are extended by another 3 months. Brits can enjoy free GBP deposits and withdrawals, and Crypto.com has passed the next adoption threshold – 3 million users around the world.

Syndicate Algorand (ALGO) – cryptocurrency with a 50% discount

On July 14, 2020, on the Crypto.com Exchange platform, there will be a syndicate in which those interested in Crypto.com Coin (CRO) will again have the opportunity to buy digital coins with discount. This time, ALGO cryptocurrencies worth USD 500,000 will be discounted by 50%. Below is a timeline explaining the promotion:

Participation rules are similar to previous syndicates. The maximum allocation of discounted ALGOs per participant will depend on the CRO tokens involved:

Crypto.com: 3 million platform users, ALGO Syndicate and competition for traders with a prize pool> USD 1 million |  Blocksats 25

If the total value of all contributions exceeds the number of tokens allocated for promotion, the allocation for each participant will be calculated according to the following formula:

Crypto.com: 3 million platform users, ALGO Syndicate and competition for traders with a prize pool> USD 1 million |  Blocksats 27

You can read more about the promotion here: LINK.

Campaign for API Traders

After the start of the REST API and WebSocket API Version 2 (V2) of the Crypto.com Exchange were successful, all traders using the API have the chance to win a CRO worth up to USD 11,000.

Awards in the campaign
The total sum of prizes USD 1,145,000 million will be distributed as follows:

The first 1,000 qualified participants (eligibility criteria below) will receive a prize of USD 1,000 in CRO.

Additionally, participants with the largest volumes will receive additional rewards at the end of the campaign:

Place 1: USD 10,000 in CRO
Place 2-10: USD 5,000 in CRO
Places 11 – 100: 1,000 USD in CRO

Eligibility for the campaign:

  • A minimum turnover of USD 100,000 on any pair of USDT, using the V2 API before the end of the campaign;
  • At least 1000 transactions made on any pair of USDT, using the V2 API before the end of the campaign;
  • At least 5000 CROs additionally interested in the Crypto.com exchange before the end of the campaign

You can learn how to get started with the API here: LINK.

Campaign start: July 1, 2020, at 07:00 AM UTC
End of campaign: Friday, July 31, 2020, at 07:00 AM UTC

Extension of “Remedies” to COVID-19 for another 3 months

Three months ago, Crypto.com offered a series of remedies to support those affected by the coronavirus pandemic. The company has just announced that the promotions will be extended by another 3 months until the end of September.

Crypto.com App – 3.5% commission on the purchase of cryptocurrencies by credit / debit card will be lifted for the next 3 months.

By buying basic goods (food, food delivery) with the help of MCO Visa we will receive larger discounts.

Crypto.com: 3 million platform users, ALGO Syndicate and competition for traders with a prize pool> USD 1 million |  Blocksats 29

To receive the discount, simply buy from the promotion partners:

Crypto.com: 3 million platform users, ALGO Syndicate and competition for traders with a prize pool> USD 1 million |  Blocksats 31

In addition, the rewards from buying vouchers of known brands through the Crypto.com application are doubled. In Poland, we can buy vouchers for Empik or Allegro. Full list of partners depending on the region: LINK.

Crypto.com: 3 million platform users, ALGO Syndicate and competition for traders with a prize pool> USD 1 million |  Blocksats 33

Free GBP transfers

Crypto.com has added commission-free bank transfers in British pounds (GBP) via the Faster Payment Service (FPS). The service is available to all customers with an account in the United Kingdom. Thanks to this feature, users can directly top up their wallet in the Crypto.com App for a new GBP, as well as transfer funds to their bank account at any time.

Crypto.com already has 3 million users!

Do you remember a few weeks ago that we mentioned that 2 million users already use Crypto.com? A few days ago, this number increased to 3 million. The platform is developing at a rapid pace!

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