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Brief explanation about Crypto.com

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So earlier last week I got notified by @readthisplease about an app/site that’s going to be doing a free airdrop of NFTs this year and asked some of us to check it out. Excited and all, some completed the process but for some reasons I didn’t complete mine because I am still skeptical about the whole process, because of the confidentiality of documents to submit. And the app/site for the free airdrop NFT was Crypto.com

Crypto.com

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Crypto.com is also a popular crypto exchange platform that a support staking, trading and also investing is supported. Users can trade on CRO, BTC, ETH, DOT, SOL and SHIB etc. CRO coin is the native crypto of the Crypto.com platform. The app can be found on Google Play Store for android users and on the Apple App Store for apple product users.

Let’s talk about the Crypto.com Chain

Crypto.com chain is also one of the products of the crypto.com, which is a permissionless and an open-source blockchain that is a complete decentralized network with low fees and with a very high speed. It was designed for promoting global adoption of cryptocurrencies and blockchain technologies and also to increase how users control their money. With the crypto.com chain, it has made it easier for users to complete various transactions easily like staking tokens, sending and receiving tokens.

*Talking about the native token of Crypto.com coin (CRO) The crypto.com native token the CRO, it is the native crypto token of the crypto.com chain and currently ranks #16 on the coinmarketcap with a slight difference under the Binance USD that ranks #15. Users that owns the CRO tokens can stake it on crypto.com chain and validate the transactions on the blockchain and in return for validating the the transactions they get to earn rewards fees. The crypto.com crypto is not mineable.

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Crypto.com Cards

The crypto.com has various types of prepaid cards and it is usually topped up using bank account transfers or cryptocurrency and to apply for the crypto.com visa cards, you first need to stake some CRO tokens for a period of 180 days and to do that you first have to create an account. And the type of card you need depends on the amount of CRO tokens you staked. So to apply for it, if you using the app, you have to click on Card and then select the type of visa card, then click on Stake CRO and every other option/instructions will be displayed for you to follow.

screenshot *The types of card available on the crypto.com card sections are;

  1. Obsidian card: the stake is $400,000 USD and the CRO Rewards is 8%
  2. Frosted Rose Gold & Icy White card: The stake $40,000 USD and the CRO Rewards is 5%
  3. Royal Indigo & Jade Green card: The stake $4000 USD and the CRO Rewards is 3%
  4. Ruby Steel card: The stake $400 USD and the CRO Rewards is 2%
  5. Midnight Blue card: The stake $0 USD and the CRO Rewards is 1%

To open an account on crypto.com, you first have to download the app and like earlier said, the app can be found on Google Play Store for android users and on the Apple App Store for apple product users. And after downloading, open the app, enter your email address and create a desired password, a link will be sent to your email for verification and then you link a payment method and viola the account is ready to use.

Posted Using LeoFinance Beta