How does a 50% discount on Bitcoins sound?
Well, Crypto.com is holding yet another halving event this coming 8th of September 2020, ahead of its ‘Public beta’ exit.
The Honk-Kong based crypto exchange provider held a similar promotion on the 12th of May, where crypto enthusiasts were able to purchase bitcoins at half its market prices. However, the syndicate was limited to an allocation of $1million.
The crypto exchange provider has further increased the allocated amount to $2million this time around and presented crypto fanatics this offer through a statement released as a token of appreciation.
Participants will have the option to buy in BTC by contributing a measure of CRO not surpassing their maximum allocations, respectively. Still, the staked CRO may not be utilized to buy in BTC on this occasion, as the firm said.
Users are required to trade at least $5,000 worth of volume in the previous 30 days on the Crypto.com Exchange to qualify buying into BTC.
The absolute amount is as follows;
- Total BTC supply: BTC worth $2million
- Discounted rate: 50% off
- Syndicate allocation: Each member’s maximum measure of CRO that can be applied towards the event will rely upon the measure of CRO Staked on the Crypto.com Exchange
To attract new clients, the company offers numerous promotions on the acquisition of cryptocurrencies such as Bitcoin. With its market price at $11903, the syndicate will see participants purchasing the coin at a price close to $5950 for a single BTC.
How to participate in the BTC Syndicate Event
1. Sign up for a crypto.com account using this link
2. Stake CRO on your crypto.com account
3. Trade the minimum required volume of CRO staked level on the platform for the past 30 days
4. Use CRO for subscribing into BTC at 50% off during the special event
*However, it should be noted that this promotion is not available to people residing in Honk Kong, China, and the United States.
Twenty-four hours after the subscription has been complete, the trade will decide the participant’s final allocation of BTC. Once the last allocation is affirmed, clients have the choice to accept or reject it, and the un-utilized CRO will be refunded back to your balance in the Exchange after you have accepted/rejected the last allocation.
In simple terms, the more CRO you have staked, the more bitcoin you are qualified to get at the discounted price of 50%.
In the event that your exchanging volume doesn’t meet the requirement for the event’s start time, you can however keep on exchanging for the day.
In conclusion, it’s important to note that this is not in any way financial advice, and highly advisable to do your due diligence before investing or trading in cryptocurrencies.
Make sure to trade what you can afford to lose in the unlikely event that your trade doesn’t go as planned.
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