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Exploring CRO App and earn passive crypto income

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I realise for my recent blogs, I have been overly focus on Splinterlands. As such, today I would like to touch on other aspect of my crypto portfoilo.

For this blog, i would just like to focus on the company that creates CRO: "Crypto dot com"(Crypto.com) or CDC in short.

CDC has been around for a number of years already and in fact, it has been growing stronger. A few months ago, CDC even spent like 700mil just to rebrand Staple Stadium into its own.

Today, I am gonna show you what I have been using with their app. This is the main page that you will see when you just enter the app. You can see the price of your favourite coins.

When you click on the "Accounts" at the bottom, it will show your crypto assets at different cro places.

If you click on the "Crypto Wallet", it will drop down to show you what crypto you are currently holding in the CRO app.

You can buy and sell your crypto. We use "Sand" as an example. When you click on "Sand", you will come to this page. As you can see, there is buy/sell/transfer button.

If you click buy, this is what you can see. Do note that different countries will have version of the app so dont expect to be exactly the same. So you can buy "Sand" with credit cards, or using your other crypto etc.

Currently, I am holding a Jade tier CRO card. Here is the benefit for being a Jade/Indigo tier.

  1. 3% cashback whenever I spend using the card. The cashback is in CRO.
  2. 100% cashback for netflix and spotify monthly subscription. You have to charge the bills to your card in order to get the 100% cashback. So far I have been enjoying netflix and spotify for basically free for a few years already.
  3. Free Airport lounge. Sadly, I unable travel for these few years due to Covid. But I still can remember of the premium feeling of using the lounge to spend my waiting time after checking in.
  4. To get jade/indigo tier, you need to lock $5k worth of cro. But as you can see in the previous pictures, the $5k worth of cro being locked up had now dropped to only $1898.61. On the other hand, years ago my $5k CRO had already grown to $25k so i already have cashed out $20k. So hope you can see the pro and con of the tiers.

But there is one more function in CRO app that I must share with you all. It is called "Crypto Earn" and this is the most used function for me. By putting your crypto under "Earn", you can get weekly payout of the tokens. The longer you locked up your crypto (up to 3 months), the higher the interest payout.
As you can see above, different tokens have different interest rate for locking your crypto. There is also flexible "earn" where you can withdraw anytime. However, the interest/APY will be lesser too.

Let's show you an example of what I have done. I had put 4032dai into "Earn" for a 3 month locked up period. The interest was at 12% per annum. In total, I have gained 119Dai in the interests just from this lock up. You can always see the transaction history. The 3 month locked up was on 25 Aug and Nov 23 was the end of the 3 month. You can see that every week, I received a weekly payout of 9.28 Dai starting from 31 Aug. It will go to your crypto wallet and feel free to sell these tokens to top up the CRO wallets so you can spend on your daily uses and can even get more cashback.

If you all are interested to open an CRO account, feel free to use my referral so both of us can earn referral bonus. https://crypto.com/app/eni8ygrd06

Posted Using LeoFinance Beta