Starknet (STRK) is a Layer-2, zero knowledge-rollup blockchain that operates on top of Ethereum, enabling dapps to scale without compromising security. The Starknet Foundation recently announced the highly-anticipated 20 February airdrop of the network’s STRK token, which will power community participation and governance.
Until 26 February, eligible Crypto.com App users who buy and hold Cronos (CRO) and/or CorgiAI (CORGIAI) will be able to claim a share of US$200,000 in STRK. The more you buy, the more STRK you’ll receive!
Campaign Period: 20 February 2024, 05:00 UTC – 26 February 2024, 23:59 UTC
How do I participate?
- Sign up or sign in to the Crypto.com App (Guide)
- Go to the campaign section on the home screen and tap STRK Airdrop Campaign > Join Now
- Perform CRO and/or CORGIAI Net Buys* during the Campaign Period — buy more, earn more (Min. Net Buy Amount: US$5)
Eligible participants will receive STRK rewards based on the amount of their CRO and/or CORGIAI Net Buys during the Campaign Period, relative to the total respective CRO/CORGIAI Net Buy pool at the end of the Campaign Period, per the table below:**
| CRO Pool | CORGIAI Pool |
|---|---|
| US$150,000 allocation of STRK | US$50,000 allocation of STRK |
| CRO Pool | US$150,000 allocation of STRK |
|---|---|
| CORGIAI Pool | US$50,000 allocation of STRK |
Example:
Tony purchases US$2,000 worth of CRO and US$2,000 worth of CORGIAI during the Campaign Period.
At the end of the Campaign Period, the total amount of the CRO and CORGIAI Net Buy pools from all eligible users are as follows:
- CRO: US$968,000
- CORGIAI: US$756,000
He will receive around US$310 worth of STRK from the CRO pool based on the following calculation:
309.92 = (2,000 / 968,000) x 150,000
He will receive around US$132 worth of STRK from the CORGIAI pool based on the following calculation:
132.28 = (2,000 / 756,000) x 50,000
He will receive a total of around US$442 worth of STRK for this campaign.
*‘Net Buys’ as stated herein shall mean the total US$ value of CRO/CORGIAI purchases in the Crypto.com App minus the total US$ value of a user’s sales and/or withdrawals of CRO/CORGIAI on or from the Crypto.com App, which may be expressed as follows:
- CRO: Net Buys = Buys (CRO) – Sells (CRO) – Withdrawals (CRO)
- CORGIAI: Net Buys = Buys (CORGIAI) – Sells (CORGIAI) – Withdrawals (CORGIAI)
**The reward is calculated using the following formula:
- CRO Reward = (Participant’s CRO Net Buys ÷ Total Net Buys in the CRO Pool) x Total STRK Allocation in the CRO Pool
- CORGIAI Reward = (Participant’s CORGIAI Net Buys ÷ Total Net Buys in the CORGIAI Pool) x Total STRK Allocation in the CORGIAI Pool
Helpful Links:
- Join us on Telegram to discuss with the Crypto.com Community
- Guide to completing account verification
- Guide to purchasing crypto in the Crypto.com App
Notes:
- Participation in the campaign is strictly optional.
- No purchase is necessary to enter or participate.
- In addition to the following rules, please refer to the Global Official Rules, which apply to this Campaign. Participation in this Campaign is also subject to the Crypto.com App Terms & Conditions and Privacy Notice.
- The campaign is open only to users of the Crypto.com App having successfully completed the identification process by the end of the campaign period.
- Crypto.com will disqualify any entry from participants who do not meet the eligibility requirements as solely and absolutely determined by Crypto.com. Notwithstanding the generality of the foregoing, users who undertake any trades that are executed through bad trading practices, including but not limited to wash trades, false trading, self-dealing, or trades that display any attributes of market manipulation shall be disqualified from the campaign.
- By participating in the campaign, the participant acknowledges having read the Crypto.com Global Marketing Privacy Notice, which is published at https://crypto.com/privacy/marketing, and acknowledges that Crypto.com will use the information provided for the purposes of identity verification, assessing the participant’s eligibility to participate in the campaign and reward redemption.
- Rewards will be distributed to eligible recipients’ Crypto.com App Crypto Wallet in STRK tokens by 1 March, 2024.
- Crypto.com reserves the right to cancel, suspend, or amend the campaign mechanics or rules at any time at our sole discretion without prior notice to you.
- 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 and digital assets involves a high degree of risk and there is always the possibility of loss, including the loss of all or of a substantial amount of your initial purchase price. Please seek professional advice before making any financial, investment or trading decisions.
