Crypto.com is pleased to announce Hedera (HBAR) will be listed on Supercharger, a one-click liquidity mining platform.
This time, they also have the opportunity to boost their returns by 10x! We’re holding a lucky draw, where 10 lucky participants will win an exclusive “Supercharger 10x Booster” NFT that multiplies their HBAR rewards by 10x (up to 50% APY). To enter, users simply need to sign up to Crypto.com NFT using the same email as their Crypto.com App or Exchange account, whichever one was used to participate in the HBAR Supercharger event.
What is HBAR? Hedera is a distributed ledger technology (DLT) that utilises the fast, fair, and secure hashgraph consensus mechanism. The purpose of Hedera is to provide a fast, stable and trustworthy infrastructure to run dApps, enabling users to interact and transact online efficiently and securely without the need for third-party. Like all public DLT networks, Hedera needs a cryptocurrency to function. HBAR is the native, energy-efficient cryptocurrency of the Hedera network that can be used to power dApps, build peer-to-peer transactional models, and to protect the network from malicious actors.
HBAR Supercharger 10x Booster Bonus Crypto.com App and Exchange users will receive HBAR as rewards for depositing CRO tokens into the Supercharger pool. 10 lucky participants will be able to boost their estimated rewards of ~5% by 10x for this event.
How do users know they’ve won? An exclusive “Supercharger 10x Booster” NFT will be airdropped to the winners’ Crypto.com NFT account at the end of the Charging Period. Ownership of the NFT gives users the power to multiply their HBAR rewards by 10x (up to 50% APY); the earnings will be automatically credited to their Crypto.com App or Exchange accounts after the Reward Distribution period.
Users who participated in the SDN Supercharger event, which ends on 7 November at 05:00 UTC, can keep their CRO deposit in the Supercharger pool to be automatically carried over to the HBAR event.
The HBAR Supercharger event will commence on Sunday, 7 November 2021 in the Crypto.com App and Exchange.
HBAR Supercharger Details:
Reward: USD 500,000 allocation
Supported Deposit Token: CRO
Event timeline: Charging Period: 08:00 UTC, 7 November 2021 – 08:00 UTC, 21 November 2021 Reward Distribution: 06:00 UTC, 23 November 2021 – 06:00 UTC, 7 December 2021
Supercharger 10x Booster Bonus:
HBAR Reward: Additional 10x APY
Reward Distribution: “Supercharger 10x Booster” NFT: Airdropped to the winners’ Crypto.com NFT account within 7 days after the end of the Charging Period Supercharger 10x Booster Bonus: 10% of the winners’ bonus rewards will be distributed daily during the 14-day Reward Period. The remaining 90% will be distributed within 7 days after the end of the Reward Distribution period.
i) Charging Duration (First 14 days) Users can deposit and withdraw from the Supercharger pool (with no gas fees) at any time during the Charging Period. The price of the reward token is determined at the end of this period.
ii) Reward Distribution Period (Next 14 days) Users will receive their reward tokens during the Reward Distribution Period based on their share of the liquidity provided during the Charging Period. Their eligible reward tokens will be distributed daily during this 14-day period after accepting the reward terms. Users will forfeit a portion of their reward if they do not accept the terms before the Reward Distribution Period begins.
*Available on both the Exchange Web and App. Download the Exchange App from the App Store and Google Play
**To be eligible for the lucky draw, users must have a Crypto.com NFT account that matches with their Crypto.com App or Exchange account email address before the Charging Period End Date.
Notes:
Crypto.com reserves the right to cancel or amend the Supercharger 10x Booster Bonus campaign rules at its sole discretion.
Participants’ deposits in Supercharger are automatically moved to the next event.
Participants may withdraw their CRO deposits from the pool at any time.
Participants can make multiple deposits throughout the duration of the event.
CRO deposits in the Supercharger pool do not count as staking.
Tokens deposited into Supercharger may be used in yield-generating DeFi protocols, including Crypto.com DeFi Swap.
If the participant fails to accept their reward allocation before the Rewards Distribution Period begins, they will lose the portion of the reward that was scheduled to be distributed. They are still entitled to the remaining portion of their reward, and can redeem it by logging in to the Exchange and accepting their allocation.
The lucky draw to win a 10x Supercharger NFT and a 10x APY Bonus on HBAR rewards is eligible for HBAR Supercharger participants who have a Crypto.com NFT account using the same Crypto.com App or Exchange email address. Both new and existing Crypto.com NFT users are eligible. New users must complete sign-up for Crypto.com NFT before the Charging Period End Date.
The 10x Supercharger NFT will be airdropped to the winners Crypto.com NFT account within 7 days after Charging Period End Date
The 10x APY on HBAR Rewards will be credited to the winners’ Crypto.com App or Exchange wallets within 7 days after the Reward Distribution End date.
All personal data collected is used strictly for verification purposes only.
By accepting the prize, winners agree to the Privacy Notice of Crypto.com, which is published at crypto.com/en/privacy/global.html For details, please refer to our Help Centre
