This is how Crypto.com’s Supercharger works. The gateway to the DeFi world

Supercharger is Crypto.com’s latest offering to offer a well-thought-out gateway to the world of decentralized finance (DeFi) , a booming market of late and becoming accessible to all users of the exchange.

With the tool, users can receive tokens as a reward for fueling what is called a “liquidity pool” in CRO, the platform’s native token.

By locking a certain amount, DeFi tokens will be accessible for a reward period.

The first Defi crypto featured at Supercharger is UNI, from Uniswap; platform that has become the favorite decentralized exchange for traders in this market.

A total of $ 500,000 from UNI will be distributed as part of the Supercharger.

However, the objective is not to be limited to a single token, in the long term Crypto.com will allow access to several liquidity pools, which will give access to several high-yielding digital currencies in the decentralized financial market.

This is how the Supercharger works

The Crypto.com Supercharger consists of a few simple key steps, best explained by the following example.

The user deposits 1,000 CROs in the liquidity fund, which he leaves in stake throughout the fund’s loading period.

Upon completion, the liquidity ratio will be calculated. The estimation is simple: if the total sum of the CROs present in the Pool is 10,000, the user with 1,000 tokens has a liquidity index equal to 1000/10000, which is equal to 0.1 or 10% of the total value of the pool.

Once this liquidity score is in place, it is time to calculate the UNI rewards that can be claimed.

The rewards are calculated as follows, continuing with the assumptions made at the beginning of this example. UNI number x liquidity ratio = rewards. In this case, 100,000 UNI x 0.1 = 10,000 UNI.

Of course, these figures are only an illustration of the mechanism and not an exact representation of the rewards that can be obtained.

Rewards are distributed to Supercharger users daily, during the reward period.

The rewards must be claimed to be removed from the pool, otherwise the tokens will automatically be put back into the next pool of liquidity.

“What if I want to get out before the supercharger?”

In the event that a Supercharger user, who injected liquidity into a group at the start of the CRO charging period, withdraws all their CROs for a few days before the charging period ends, their liquidity score will be calculated at the end of the period load, calculating an average of your commitment to the liquidity fund, in that period, if you carry out the following operations:

  • From day 1 to 10 of the load period, feed the pool with 1,000 CRO.
  • From the 11th to the 20th, withdraw these 1,000 CROs from the pool, their balance in the supercharger will return to 0 CRO.
  • From days 21 to 30 of the loading period, invest 3,000 CRO.

In this specific case, the liquidity score will be calculated by taking the following average: (10 days x 1000 CRO + 10 days x 0 CRO + 10 days x 3000 CRO) / 30 days = 1,333 CRO .

After the group’s loading period is over, your rewards will be calculated this way, based on the assumption of a liquidity pool with a total value of 10,000 CRO. This gives a reward equal to: 1333/10000 = 0.13 or 13% of the fund.

If the number of UNI rewards is 100,000, they will get 100,000 x 0.13 = 13,000 UNI. These will be distributed to you daily during the reward period, in this specific example 433 UNI per day for 30 days.

Regarding the reward period, you must present yourself at the end of the Supercharger charging period to accept the rewards and receive the UNI tokens, during the reward period.

How to get into the Supercharger?

To participate, you must enter Crypto.com, if you have not already done so, you must register on the platform , following the classic steps that allow quick registration.

Then you have to buy CRO, in your pairs against Bitcoin, Ethereum or other of your trading pairs present on the platform.

Once this is done, you must go to the tab dedicated to the Supercharger, choose the amount of CRO that you want to add to the group and that’s it.

Now, you just have to wait for the loading period to end to know how much of the pool the CROs that are injected into the Supercharger represent, since the rewards will be calculated on this basis.

So it only remains to log in to Crypto.com to accept the rewards and receive the DeFi tokens.

The CRO token

CRO is the native digital currency of the Exchange. It is an ERC-20 token, which operates on the Ethereum network.

The beginnings of the CRO token in the main markets date back to the end of November 2018, as a new innovative bet by the issuing company.

To promote its adoption and commercial evolution, Crypto.com announced monthly airdrop campaigns as part of its launch for MCO token holders, which would last for five years.

As for the official data of the digital currency, at the time of departure it was quoted at about $ 0.01 per unit, and registers its first important peak on July 11, 2019 when registering a price equivalent to about $ 0.1, earning more than 900% compared to its launch.

The highest price registered to date for the CRO token is about $ 0.20, in August of this year.

CRO is currently within the ranking of the 20 most reputable cryptocurrencies today, ranking # 19, surpassing NEM.

Do you want more information? Visit to Crypto.com

Telegramhttps://t.me/Cryptocom_ES

Twitter: https://twitter.com/cryptocom

Facebookhttps://www.facebook.com/CryptoComOfficial

Instagram: https://www.instagram.com/cryptocomofficial/

LinkedIn: https://hk.linkedin.com/company/cryptocom

YouTube: https://www.youtube.com/channel/UCOMprzxakZOqmY23LYIawmg

Reddit: https://www.reddit.com/r/Crypto_com/

Discord: https://discord.gg/nsp9JTC

Cocoa: https://open.kakao.com/o/gGH1WQM


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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of  CriptomonedaseICO, and should not be attributed to CriptomonedaseICO.


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