Posted 12 months ago | by Ben Armstrong

Crypto.com Launches New DeFi Event as CKB Support is Added to the APP

Crypto.com has announced the launch of an exclusive DeFi CRO trading campaign as well as the addition of support for CKB.

The crypto platform offers multiple features to allow users to benefit from the ongoing DeFi booming. To take your trading to the next level and receive $50 for free by signing for the crypto.com MCO Visa debit card, make sure to click here. 

An Exclusive DeFi CRO Trading Campaign

Crypto.com has launched an exclusive campaign for DeFi holders and farmers to get prizes by trading DeFi tokens on the Crypto.com App with a prize pool of up to $20,000 in CRO Tokens.

The event starts on Tuesday, 18 Aug 2020 at 08:30 AM UTC and will be running until Tuesday, 25 Aug 2020 at 08:30 AM UTC.

During the period of the event, participants who reach the highest DeFi Farming Score will get rewards from the $15,000 pool in the DeFi Trading Competition depending on their rank.

The de DeFi Eligible tokens are divided into 3 categories, each including specific tokens:

  • DeFi Lending: COMP
  • DeFi Swapping: KNC, ZRX
  • DeFi Oracles: LINK, BAND

All eligible participants who traded a minimum of $100 worth of eligible DeFi tokens on the Crypto.com App, will be able to enter to the DeFi Lucky Draw with a total prize pool of $5,000.

A total of 11 Lucky Winners will be selected for the lucky draw reward at random, with each of them winning $50 equivalent in CRO.

Participants can also boost their chance of winning with the CRO DeFi Booster, which will depend on the CRO net buys achieved by the investor.

Rewards of this campaign will be delivered in CRO within 14 days after the campaign ends.

All Crypto.com App users can participate in the campaign except for citizens and residents of Hong Kong.

CKB has Now Been Added to the Crypto.com App

Crypto.com has also added Nervos Network’s token (CKB) to the list of cryptocurrencies and stablecoins on the Crypto.com App. 

The App is now supports over 70 cryptocurrencies and stablecoins, such as Bitcoin (BTC), Ether (ETH), XRP, Cardano (ADA), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Crypto.com Coin (CRO).

Users now can purchase CKB at its real cost with no fees, via different payment methods such as credit card and bank transfer.

The Nervos Network is an open-source public blockchain and collection of protocols ecosystem that solves the biggest challenges that blockchains like Bitcoin and Ethereum face regularly

CKB is a layer-1 solution that provides support for any crypto-asset to be stored with the security, immutability, and permissionless nature of Bitcoin.

It also allows the use of smart contracts, layer-2 scaling, as well as capturing of the total network value with its "store of value" crypto-economic design and native token, the CKByte.

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About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Crypto.com Launches New DeFi Event as CKB Support is Added to the APPBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.