CRO soars as Crypto.com announces $55,000 festive rewards campaign

Crypto.com exchange is welcoming the festive season with a campaign designed to boost users’ CRO balances.

The trading platform has launched its Festive CRO Campaign today, offering its customers new ways to accumulate Cronos’ native token.

Meanwhile, the 1-month event has sparked optimism, as individuals eye the $55,000 reward pool.

The strategic promotion enables users to grow their CRO holdings as they enjoy added advantages leveraging the Crypto.com App.

These incentives remain vital as digital assets enthusiasts seek year-end opportunities amid ongoing turmoil.

The official blog reads:

Meanwhile, the update coincided with the native token’s impressive performance.

CRO has outperformed the broader crypto space in the past 24 hours after gaining over 3%.

For context, the global cryptocurrency market cap increased by 1.35% the previous day to $3 trillion.

Enthusiasts will watch the altcoin’s performance in the coming sessions, as the one-month event influences sentiments.

The $5,000 CRO accumulation challenge

The exchange introduced a competitive strategy.

The strategy sparked interest with the CRO purchase challenge, comprising a $5,000 reward pool.

Here, it will determine the top ten participants based on their CRO purchases during the campaign, with each claiming CRO tokens worth $500.

Most importantly, anyone can join this challenge.

That means if you consistently build your CRO holdings up to Christmas, you can claim a substantial year-end bonus.

Individuals who prefer leaderboard-style on-chain competitions can use this as an opportunity to earn during the holiday season.

At the core of Crypto.com’s promotion is a $50K rebate pool exclusive to subscribers of the exchange’s level-up initiative.

Individuals who buy CRO worth at least $500 during the one-month window qualify for token-back incentives. The team explained:

Eligibility

The exchange emphasized that the campaign is available in selected jurisdictions.

Users should meet the legal age and not reside in Canada, Israel, Hong Kong, Japan, Singapore, Switzerland, the UK, Turkey, New Zealand, or Kazakhstan.

CRO price outlook

Cronos’ native token maintained a bullish outlook on the daily timeframe.

It gained more than 3% the past 24 hours to $0.1099.

However, broader selling pressure is weighing as CRO’s trading volume reduced by 10% in the past 24 hours.

Therefore, the altcoin remains poised for short-lived uptrends.