In this Crypto.com Supercharger review, I will explain how Supercharger works and how to use Crypto.com Supercharger to earn rewards with CRO tokens. You’ll learn how to buy and deposit CRO for the event, then claim your rewards after the event charging period.
What is Crypto.com Supercharger?
Crypto.com launched Supercharger on its popular exchange in September 2020. The first project launched on Supercharger was UniSwap, with an impressive allocation of $500,000.
A supercharger is a simple, flexible, and secure liquidity mining platform for most crypto projects. Available on Crypto.com Exchange, the process is very simple, just deposit CRO tokens in the Supercharger to mine the tokens and earn daily rewards.
How does the Crypto.com Supercharger work?
When a Supercharger event is in the “Charging Period,” users can deposit and withdraw tokens from the liquidity fund as many times as they wish. A charging period is between 30 and 45 days. Additionally, users can deposit a minimum of 100 CRO from their Crypto.com exchange wallet.
So the “reward” or “distribution period” is for the next 30-45 days and starts after the charging period. Rewards for users are based on the liquidity score accumulated during the charging period. Rewards are distributed equally daily over the reward period and are proportional to the user’s share of total cash funds. These tokens are returned to your Crypto.com exchange spot wallet.
All you have to do is deposit your tokens into the liquidity fund and top them up during the top-up period. You will receive reward tokens every day during the reward period.
A supercharger is one of the many ways to profit from cryptocurrency.
What tokens can I earn with Supercharger?
With Supercharger, you can farm some of the most popular cryptocurrency and DeFi projects. The first project launched on Supercharger was the Uniswap UNI token with $500,000. Since then, they have launched successful events with Polkadot, DOGE, and Bitcoin.
Their latest Supercharger event is Terra (LUNA), which has a $1,000,000 allocation, offering up to 30% APY.
Who can use Supercharger?
Any Crypto.com app or Exchange user can use Supercharger. Excluding residents and nationals of Hong Kong SAR, Mainland China, and the United States. If you don’t have a Crypto.com account yet, go ahead and register.
To get started, you’ll need to be a beginner or above. You will also need to have CRO available in your wallet to make a deposit.
With Supercharger, there is a minimum deposit of 100 CRO per deposit. Users can also make multiple deposits for free. There are no maximum CRO limits you can submit.
The Crypto.com Supercharger platform has no commission. You only need a few CROs to submit. However, unlike many liquidity miners, there are no gas fees to pay. This means that there are no additional charges that affect your earnings.
Where can I buy CRO Tokens?
If you don’t have CRO to deposit with Supercharger, you can trade them using the crypto.com exchange website (or app), where they have a variety of trading pairs available for CRO.
Alternatively, you can use the DeFi Swap platform. However, please note that tokens deposited in cash into the pool are not considered assets.
How is the liquidity score calculated?
Crypto.com takes an hourly snapshot of the liquidity provided per user. During the “Charge Period,” a snapshot of the liquidity fund will be taken every hour, and the liquidity provided by each user will be recorded.
Then calculate the total liquidity provided per user. At the end of the recharge period, they are added to the liquidity provided by each user every hour during that period.
What is the acceptance period?
The acceptance period is a very important part of Supercharger. Indeed, it can affect the number of rewards you receive.
Immediately after the download period ends, they will determine your liquidity score and the rewards you will receive. Once confirmed, you have the option to accept it at any time before the start of the “Acceptance and Reward Period.”
To ensure you receive the full amount of the reward, it is important that you log in and accept it before the start of the distribution of the reward.
If you do not accept the reward (before the start of the reward distribution), you will lose some of the rewards. In this case, you will still be entitled to the rest of the reward allocation. However, you will need to log in and accept the reward.
How to Accept Supercharger Rewards
You will need to log in to the Crypto.com exchange and accept your rewards to receive the full reward. This can only be done when the recharge period has expired.
- Log in to Crypto.com Exchange
- Go to your “Balance.”
- Choose “Events & Rewards” and click on “Supercharger.”
- Click on the Supercharger event, which is now in the “Acceptance period.”
- Accept your allocation by checking the box
- Your rewards will be issued to your wallet daily.
So, is the Crypto.com supercharger worth it? Personally, we’ve been using the Supercharger for over a year, and honestly, the results aren’t great. You can get better rewards just by staking your CRO in the app. However, it can be a great way to get exposure to new crypto assets and then just HODL and see what happens.
The process of depositing your CRO tokens is simple and flexible, and with just a few clicks, you will have your tokens back in your wallet. The acceptance period can be a bit boring; if you want to maximize your earnings, you will need to accept your rewards as soon as the acceptance period begins.