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How Does Crypto Com Make Money

Author: admin December 13, 2022 09:59 December 13, 2022 6 views

Classify your preferred crypto into Crypto Earn to start accruing rewards daily to grow your crypto assets.

Note: CRO allocations in Earn differ from
CRO
lock-up. Please refer
here
on how to lock up your CRO for the
Crypto.com Visa card.

Tabular array Of Contents

  • How to participate?

Who can participate in Crypto Earn?
What are the Crypto Earn allotment terms and almanac rewards rate?

New Rewards Rates Tabular array (effective 1 June 2022)
Tin can I make more than than one allocation for Crypto Earn?
Can I classify different cryptos for different terms?
What are the allocation limits for Crypto Earn?
How are the daily rewards calculated?
When will I receive the rewards?
What currency will the rewards be paid out in?
Where tin I see the accrued rewards from my active resource allotment(south)?
What happens when I upgrade my locked-up tier?
What happens when I reach the cease of a fixed term?
How to withdraw from a flexible term?

  • New Tiered Rewards Structure (Effective 1 June 2022)

How will this new 3-tier structure impact users with existing fixed-term allocations in Crypto Earn?

Examples

  • Flash Rewards

What are Flash Rewards?

How practice Flash Rewards work?

Who is eligible to participate in Wink Rewards campaigns?

How to participate?

  1. Become into the
    Super App Menu
    from the homepage

ii. In the App’due south Crypto Earn screen, select your preferred term and cull to brand an resource allotment with:

*XRP is non available in the Usa
*USDT, USDC, USDP, PAXG, TUSD, TAUD, TCAD, TGBP, and DAI are not available in Texas
*USDP, PAXG, TUSD, TAUD, TCAD, TGBP are not bachelor in Singapore

iii. Once the allocation is confirmed, rewards will start to accrue immediately

Who can participate in Crypto Earn?

Crypto.com App canonical users except for citizens and residents of Hong Kong SAR, Switzerland, Russia, or Malta.

What are the resource allotment term options and annual rewards charge per unit?

There are iii property term options as follows:

  • Flexible holding term

  • 1-calendar month stock-still term

  • 3-calendar month fixed term

Users can enjoy a amend annual rewards charge per unit when they have CRO locked up.

Delight refer to the Crypto Earn page for locking upwardly amounts in other currencies (EUR, GBP, SGD, CAD, AUD, BRL).

New Rewards Rates Tabular array (effective one June 2022)*:

Annotation:

*Tier 2 rates which is 0.5x the full rewards charge per unit will apply for the next US$27,000 worth of allocations once your Tier one quota of Us$three,000 is filled.

*Tier 3 rates which is 0.3x the Tier 2 rates will apply to subsequent stock-still terms once your Tier 1 and Tier 2 quotas (a total of up to U.s.a.$thirty,000 worth of allocations) are filled.

Crypto.com Private
members will savor an additional 2% p.a. on all fixed-term allocations*

  • Extra daily advantage = Primary amount (in locked upwardly cryptocurrency) x (Extra ii% / 365) / A / B

  • A = Locked up cryptocurrency to USD exchange rate

  • B = USD to CRO exchange rate

*Not applicative for CRO

Can I brand more i allocation for Crypto Earn?

Yeah. You tin have multiple active allocations, as long as the limit is within the following USD equivalent for all allocations combined.

(e.g. You are currently locking up for Frosted Rose Gold or Icy White. Y'all can have 2 allocations for the 1-month term, three allocations for the 3-month term, and 2 allocations for the flexible term - a full of which does non surpass USD $one,000,000 equivalent)

Can I allocate different cryptos for different terms?

Yes, you lot can.

(due east.g. you can make an allocation in TUSD and another allocation in BTC for the 1-month term, and one resource allotment of TUSD, BTC, and USDP each for the 3-month term).

What are the resource allotment limits for Crypto Earn?

Maximum Limit

Minimum Limit

For flexible terms, the rewards accrual will break for a user if they have less than the post-obit amounts, and resume once the resource allotment balance increases higher up these thresholds:

Minimum threshold

How are the daily rewards calculated?

Rewards calculations accept place at UTC 00:00:00 daily.

The fixed-term adding formula for the daily rewards

Daily rewards = Amount allocated (in original cryptocurrency) 10 (annual rewards rate/365)

[(due east.k. If yous’ve locked upwards CRO Tokens, opted for a ane-month term, and allocated 1 BTC, your calculation will be 1 10 (4.v%/365)]

Flexible term calculation formula for the daily rewards

Daily rewards= Minimum Daily Balance ten (almanac rewards charge per unit/365)

[The minimum daily balance is the minimum balance for the users’ crypto-asset under Crypto Earn flexible term betwixt UTC 00:00:00 and UTC 23:59:59 every day]

Note:

  • Rewards for Flexible Term will start to accrue a day after you make an allocation.

  • Annual
    Rewards Charge per unit
    will change if you choose to lock up/unlock CRO in the heart of your allocation term.

When will I receive rewards?

Yous will receive your full accumulated rewards every 7 days. It will be transferred into your crypto wallet and volition exist available for utilize immediately.

What currency volition the rewards be paid out in?

The rewards will be paid out in the same currency as your allocated currency (east.g. if you allocate BTC, you will earn rewards in BTC).

Where can I see the accrued rewards?

You tin can see the daily rewards for cryptocurrencies actively allocated to Crypto Earn in the Crypto Earn home screen under ‘Full Earnings’.

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What happens when I upgrade my locked upwards tier?

The higher annual rewards rate will be applied the following day to all existing terms for the residuum of the term.
Crypto.com Private
members volition savour an boosted 2% reward (paid in CRO) on all fixed-term allocations* starting a 24-hour interval after the upgrade.

*Not applicable for CRO

What happens when I reach the stop of a fixed term?

Your fixed-term allocations will be automatically transferred back to your crypto wallet in the App.

*Please note that fixed-term allocations cannot exist withdrawn before the deposit period has ended.

How to withdraw from Flexible term?

  1. Tap on the "-" Icon (upper left-mitt corner)

2. Select the crypto to withdraw

three. Input the amount to withdraw

4. Confirm the withdraw

5. Withdrawn crypto amount volition be back to your crypto wallet in the App

New Tiered Rewards Construction (Constructive 1 June 2022)

Tier 1 (Full rewards charge per unit)
- Y'all will receive the full rewards rate for allocations less than or equal to
The states$3,000. The Tier 1 quota will always be filled start. The Tier one quota will be calculated based on the US$toll of the cryptocurrencies allocated to Crypto Earn at the time of allocation and in the gild that they are allocated.

Tier 2 (0.5x of Tier ane rate)
- In one case your Tier i quota of US$iii,000
is filled, the next
United states of america$27,000
worth of allocations will receive
0.5x the Tier 1 rate.

Tier 3 (0.3x of Tier 2 rate)
- Once your Tier 1 and Tier 2 quotas (a total of up to US$thirty,000 worth of allocations) are filled, whatsoever subsequent allocations will receive
0.3x the Tier ii charge per unit.

Notation:

  • Tiered Rewards only utilize to
    stock-still-term allocations.
    Flexible terms will non exist afflicted.

  • Rates are locked at the fourth dimension of term creation
    and will remain the same throughout the term’s duration. However, fluctuations in money’s cost that result in changes of the term allocation’s value will affect the adding of your bachelor Tier 1 and Tier 2 quota. For example:

    • If on 30 June, yous have US$iii,000 of Tier one quota available and you classify US$two,000 worth of BTC into a 1-month term, then yous take U.s.$1,000 remaining in your Tier 1 quota.

    • If this BTC allocation is worth Usa$3,100 on 5 July, yous will not accept any Tier 1 quota remaining. A new allocation at that betoken volition merely be eligible for Tier 2 rates.

    • If your BTC allocation has dropped in value to US$2,500 on fifteen July, you now accept U.s.$500 of Tier 1 quota left.

Examples:

*This single allocation amount exceeds the remaining Tier 1 quota, but does not exceed the upper limit of the Tier two quota. Therefore, the entire allocation is subject to Tier 2 rates. You tin manually divide your allotment into separate programs to optimise your earnings.

**This single resource allotment corporeality exceeds the remaining Tier 1 and Tier 2 quotas. Therefore, the entire allocation is subject to Tier 3 rates. Y'all can manually split your allotment into separate programs to optimise your earnings.

***If you accept both Tier 1 and Tier 3 quotas bachelor, the next allocation within the available Tier one quota will receive Tier 1 rates because Tier ane quotas are always filled get-go.

There will be no changes to the holding term options (i.e., Flexible, 1-calendar month Term, and 3-calendar month Terms). Users tin continue to enjoy better rates by allocating CRO, and Crypto.com Private users are still entitled to an
boosted 2% p.a. rewards rate
on fixed-term allocations (paid in CRO).

How will this new three-tier construction affect users with existing fixed-term allocations in Crypto Earn?

The new tiered rates are but applicable to allocations created from the effective date onwards. While rewards rates for stock-still-term allocations that were created earlier the tiered construction goes into event remain unchanged, those allocations volition count towards Tier 1 and Tier ii quotas.

Examples:

*The user will receive Tier 2 rates if the corporeality allocated exceeds the Tier 1 United states$3,000 threshold. In this example, the user tin commencement allocate US$three,000 to earn Tier one rates, and later allocate an additional US$300 at Tier 2 rates if they choose to do and so.

Note:
Tier 1, Tier 2, and Tier 3 rates will be based on the latest rates tabular array.

Flash Rewards

What are Flash Rewards?

Wink Rewards is a characteristic within Crypto Earn that allows users to earn a promotional rate on a specified token. The Wink Rewards rate for that token will only be bachelor for a express time and users just have to lock up their allocations for curt-term lengths (eastward.g. 7-day or 14-day terms).

How do Flash Rewards work?

Users tin can access Flash Rewards campaigns from the Crypto Earn screen. Each Flash Rewards campaign will have the following parameters:

  • Campaign coin:
    The money which users allocate to earn a promotional rate

  • Campaign flow:
    Flash Rewards campaigns are only bachelor during the entrada period

  • Term length:
    The lockup flow for a given Flash Rewards campaign, which will be shorter than our usual 1-month and iii-month fixed terms (e.g. 7-day or 14-day lockups)

  • Rewards rate:
    The promotional rate being offered

  • Max allocation per user:
    The maximum that each individual user can allocate for per program

  • Min allocation per user:
    The minimum amount that each individual must classify to open up a Flash programme

  • Aggregate campaign cap:
    A Flash Rewards entrada will be bachelor for the duration of the campaign catamenia until the total amount of allocations has reached the campaign cap

Who is eligible to participate in Wink Rewards campaigns?

  • Flash Rewards is not field of study to Tiered Rewards rules

    • Flash allocations will not count towards the tiered rewards quota

    • Users who have reached their tier 1 quota are still eligible for the Flash Rewards promotional rate

  • Users are allowed one agile Flash program at a time. Upon completion of the Flash program, users can open a new one if the campaign has non ended and if the campaign has non reached its aggregate cap

  • Residents of countries in which Earn is not available will not exist able to participate in whatever Flash Rewards campaigns
    (Hong Kong SAR, Switzerland, or Republic of malta)

  • Additional geographic restrictions may utilise for certain campaigns

  • Users must take successfully completed KYC verification and all other onboarding procedures specified in the Crypto.com App to be eligible.

  • Users who have already reached the Earn allocation maximum are ineligible.

Boosted notes:

  • You will receive your total accumulated Flash rewards every 7 days. Information technology will be transferred into your crypto wallet and will be available for use immediately.

  • The links provided above to helpful information are for reference only.

  • Crypto.com reserves the right to abolish the campaign or ameliorate the campaign mechanics or rules at whatsoever fourth dimension at our sole discretion.

  • Past accepting the rewards, winners concord to the Privacy Notice of Crypto.com, which is published at https://crypto.com/en/privacy/global.html.

  • In the event of whatsoever dispute, Crypto.com reserves the right to make all terminal decisions regarding the campaign.

Source: https://help.crypto.com/en/articles/2996965-crypto-earn-how-does-it-work

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