Throughout June, Crypto.com offers numerous discounts to support society in the age of the COVID-19 pandemic. In addition, the company introduces new products, such as topping up phones using crypto, Soft Staking ICX and a syndicate, in which we will buy ADA 50% cheaper.
User support during the pandemic era
Crypto.com reminds that due to the global pandemic COVID-19, the company decided to give up 3.5% commission for the purchase of cryptocurrencies for a period of 3 months (from the beginning of April to the end of June). This promotion is available to all users.
In addition, discounts for grocery shopping paid for by the MCO Visa card are currently 5% for plastic cards and 10% for metal cards. Some of the brands included in the promotion are: Uber Eats, Deliveroo, Foodpanda, McDonald’s, Domino’s Pizza and WalMart.
The third remedy is doubling the rewards for purchasing gift cards for grocery stores (up to a 10% discount) and for food delivery from restaurants (up to a 20% discount). Here we can choose, among others: Tesco, Whole Foods, Safeway, Carrefour, Sainsbury’s, Just Eat, Papa John’s, Domino’s and much more.
Kris Marshalek, co-founder and CEO of Crypto.com, summarizes the company’s decisions:
“The global pandemic caused by Coronavirus has affected everyone’s life, and now he is taking revenge on economics. In these hard times, companies that still manage to grow are required to give something back. “
Top up phones from Crypto.com
Have you ever wondered what else you can buy for crypto? Why not pay in popular cryptocurrencies such as BTC, ETH, XRP, LTC and CRO for topping up your phone and gain an additional 5% cashback?
A few clicks in the Crypto.com application separates you from buying a top-up to one of 340 mobile networks. All you have to do is enter your phone number, choose your top-up amount and pay using your preferred cryptocurrency. Top-ups are available, among others in T-Mobile, Vodafone, Airtel, Orange or Verizon in over 100 countries.
ADA with a 50% discount
On June 9, 2020, the Crypto.com Exchange will host a syndicate in which those interested in Crypto.com Coin (CRO) will again have the opportunity to buy digital coins with a 50% discount. This time, ADA cryptocurrencies worth USD 500,000 will be discounted by 50%. Below is a timeline explaining the promotion:
The rules for participation are similar to those for Bitcoin Halving promotion. The maximum allocation of ADA discounted per participant will depend on the CRO tokens involved:
If the total value of all contributions exceeds the number of tokens intended for the promotion, the allocation for each participant will be calculated according to the following formula:
You can read more about the promotion here: LINK.
Soft Staking ICX and 2% per annum
Can a hodler multiply his digital assets completely without engaging in trading and without accumulating? It’s possible with Crypto.com and the Soft Staking model! To use it, you only need to breed selected digital coins on the portfolio of the stock market platform (Crypto.com Exchange Wallet, not the Crypto.com App Wallet).
This is similar to a regular deposit, however Soft Staking Crypto.com offers a more flexible approach, as it does not require investing capital for a predetermined period of time. Profits are calculated for each cryptocurrency every day. The best thing, however, is that after activating the service, even digital coins in active orders that are waiting for execution on the stock exchange take part in Soft Staking.
We wrote more about this model of multiplying your digital assets in the article: LINK.
Currently, 16 cryptocurrencies are available in Soft Staking on Crypto.com: BTC, ETH, USDT, USDC, XRP, LTC, EOS, XLM, ATOM, MCO, CRO, LINK, XTZ, BCH, VET as well as ICX. The amount of accrued interest varies depending on the digital coin and reaches up to 5% per annum.
The maximum amount of “working” interest on capital depends on the number of CROs grown:
Registration on the Crypto.com exchange is extremely easy. The guide can be found here.