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Crypto.com is offering discounted Bitcoin for a limited number of users of June 30, as part of the firm's fourth-anniversary celebrations.
Called the "Syndicate Anniversary Special," the Hong Kong-based crypto giant has a $2 million allocation for the first 25,000 users placing a "Subscription" on the exchange.
Registered and qualified users get Bitcoin at a 50 percent discount, meaning if the asset trades at $9,500 today, select users can buy it at $4,750 tomorrow.
No staking of CRO - the platform's native token - is required, opening the gates for all exchange users to participate regardless of their CRO holdings.
Crypto.com notes in a release stakers get a chance to increase their maximum allocation for BTC subscriptions while enjoying added benefits like a trading fee discount, a 20 percent yearly yield on CRO staked, and the preferential interest rate on Crypto.com "Soft Staking."
In a post, Crypto.com said all legal matters will be dealt with in Hong Kong, with the program being fully-governed and deemed compliant with relevant authorities.
Crypto.com has been in the news lately for its security audit standards and temporarily shutting its debit card program in the U.K and Europe after Germany's Wirecard, its card operator, announced bankruptcy last week.
Last week, the exchange also announced making an upgrade to its exchange system; foraying ahead with improved infrastructure as cryptocurrencies start to take precedence in the traditional finance sector as a "Hedge" akin to gold.
Disclaimer: Crypto.com is an advertising partner for CryptoSlate.
Crypto.com is celebrating its 4th anniversary and giving away Bitcoin at a 50% discount
Published on Jun 30, 2020
by Cryptoslate | Published on Coinage
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