Offering an unlimited staking quota and regular payouts, on-chain Staking has quickly become a go-to feature for earning rewards in the Crypto.com App. Avalanche (AVAX) and Cardano (ADA) have recently been added to the growing list of supported protocols that include Ethereum (ETH), Solana (SOL), Polkadot (DOT), Cronos (CRO) and Polygon (MATIC).
To mark the occasion, we’re giving Crypto.com App users the opportunity to boost their earnings for AVAX and ADA by an additional 3% p.a.!
Campaign Period: 29 September 2023, 10:00 UTC – 13 October 23, 10:00 UTC
How to participate?
- Sign up or sign in to the Crypto.com App (Guide)
- Perform at least US$100 worth of AVAX and/or ADA Net Deposits* during the Campaign Period (Guide)
- Stake any amount of AVAX and/or ADA during the Campaign Period** and maintain your stake for 90 days from 13 Oct 2023 to 11 Jan 2024, 23:59 UTC
The top 300 users ranked by AVAX or ADA Net Deposits by the end of the Campaign Period will enjoy an extra 3% p.a. on their AVAX or ADA stake in Step (3) (‘Reward’), in addition to the reward rate displayed in the Crypto.com App. Eligible users who perform Net Deposits for AVAX and ADA, and are ranked among the top 300 for each, will receive a Reward for both their AVAX and ADA stake.
The Reward will be distributed to the recipients’ Crypto Wallet within ten (10) days after 11 January 2024, 23:59 UTC.
*‘Net Deposits’ as used herein means the total value of a user’s deposits and purchases of AVAX/ADA tokens during the Campaign Period and can be expressed as follows: AVAX/ADA Net Deposits = Deposits (AVAX/ADA) From External Exchanges and Wallets + Buy (AVAX/ADA) – Sells (AVAX/ADA) – Withdrawals (AVAX/ADA)
**The Qualifying Staked Amount is capped at the maximum of the following four numbers: (1) Total AVAX or ADA Net Deposits during the Campaign Period, (2) Total AVAX and/or ADA staked during the Campaign Period, (3) Average daily balance of AVAX and/or ADA staked during the 90 days post after the Campaign Period, or (4) Maximum Qualifying Staked Amount stated above. The additional rewards will be calculated as 3% x (90 / 365) x Qualifying Staked Amount
Useful Links:
Notes:
- Participation in the campaign is strictly optional.
- The relevant AVAX and/or ADA Net Deposits’ exchange rate and Qualifying Staked Amount shall be as determined and calculated in Crypto.com’s sole and absolute discretion.
- In addition to the following rules, please refer to the Official Rules of Limited Offer, which apply to this Campaign. Participation in this Campaign is also subject to the Crypto.com App Staking Terms & Conditions and Privacy Notice.
- The rewards will be distributed in a lump sum within 100 days after the Campaign Period. Qualifying recipients must maintain their staked amounts until the end of the Staking Period to receive the Rewards.
- The Campaign is offered by Crypto.com to Crypto.com App users who have successfully completed the identification process and all other onboarding procedures specified in the Crypto.com App by the end of the campaign period.
- Crypto.com reserves the right to cancel the campaign or amend the campaign mechanics or rules at any time at our sole discretion.
- By participating in the Campaign, participants acknowledge having read the Crypto.com Global Marketing Privacy Notice, which is published at https://crypto.com/privacy/marketing and understand that we may use their personal information for the purposes of assessing their eligibility to participate in the campaign, identity verification, and reward redemption.
- In the event of any dispute, Crypto.com reserves the right to make all final decisions regarding the campaign.
- Nothing contained herein shall be construed to be financial advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy or sell any digital assets. Purchasing cryptocurrencies involves a high degree of risk, and there is always the possibility of loss, including the loss of all or a substantial amount of your purchase price. Please seek professional advice before making any financial, investment, or trading decisions.
