Crypto.com launches its exchange, celebrates by rewarding the community

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Updated on Mar 11, 2020

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Crypto.com recently launched its new exchange platform, and it now wishes to use it to reward loyal users.
The new campaign will last from March 1st to March 31st, and the users will be able to receive different rewards depending on the amount they stake.
Only those who had their accounts created before March 1st are eligible to participate, and even they need to meet certain conditions.

A major announcement, posted by Crypto.com earlier today, revealed that the company plans to reward its dedicated community through a month-long promotion for the users who joined the recently-launched Crypto.com Exchange. The company, which pioneered crypto payments, promised rewards up to 500,000 CRO, following the successful launch.

Crypto.com was originally founded in 2016, and it still maintains its belief that everyone has the right to control and manage their own money, identity, and information. Over the past few years, it created a great and loyal community, and it now wishes to give back to it, and show its appreciation for all those who stuck by it at all times.

Details about the campaign

From what is known the promotion will last from March 1st, starting at 00:00 UTC, to March 31st, ending at 23:59 UTC. This allows Crypto.com app users an entire month to open an account and stake CRO on the new exchange. Doing so will allow them to earn rewards, which were split into several levels.

50 MCO staked: 500 CRO (min. 10,000 CRO stake)

500 MCO staked: 5,000 CRO (min. 50,000 CRO staked)

5,000 MCO staked: 50,000 CRO (min. 500,000 CRO staked)

50,000 MCO staked: 500,000 CRO (min. 5,000,000 CRO staked)

The company pointed out that all approved users of Crypto.com Exchange who were members before March 1st of this year are eligible, and can receive the rewards. However, before they do, there are a few other conditions that must be met.

For example, MCO and CRO criteria need to be met, and the amount received as rewards in CRO is determined by the lower of the MCO/CRO staked during the snapshot. Next, the snapshot amount will be taken on the last day of the campaign, meaning March 31st.

Also, the company kept the right to amend or even fully cancel the campaign rules if it so chooses. Finally, CRO rewards will be released within 14 days after the end of the campaign, meaning by mid-April 2020. However, users who had accounts on the exchange before March 1st can still log in and see their rewards in the exchange’s CRO wallet.