Crypto.com will run discounted sale of Cardano (ADA) at 50 percent off

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Cryptocurrency payment platform Crypto.com announced the listing of Cardano (ADA) on The Syndicate platform. To celebrate the listing, the company said that it will hold a discounted sale event for $500,000 worth of ADA at 50 percent off, with the listing commencing on Jun. 9 on the Crypto.com exchange.

A chance to buy ADA at a 50% discount on Crypto.com

Cryptocurrency payment provider Crypto.com has been on a roll this year, introducing various new offers and features almost every few weeks. The latest addition to the popular platform has been Cardano (ADA), whose upcoming Shelley era will finally introduce staking and enable everyone to participate in the ecosystem.

On May 27, Crypto.com announced the listing of Cardano (ADA) on its fundraising platform called The Syndicate. To celebrate the listing, all Crypto.com users that have staked CRO, the company’s native cryptocurrency, will be able to participate in a sale event.

According to the company’s blog post, $500,000 worth of ADA will be available at 50 percent off to a limited number of users. The event will begin on Tuesday, Jun. 9 with the following pairs listed—ADA /BTC, ADA /USDT, and ADA /CRO.

Syndicate allocation subscription rules

Each user of Crypto.com will be able to allocate the CRO

coins they own towards the listing event. The company said that each participant’s maximum amount of tokens that can be allocated will depend on the amount of CRO staked on the Crypto.com Exchange, as shown in the table below:

Table showing the maximum amount of CRO that can be allocated towards the ADA sale
Table showing the maximum amount of CRO that can be allocated towards the ADA sale.

While the company stated that the maximum allocation amounts listed above are subject to change, it noted that the CRO tokens already staked on the Crypto.com exchange may not be used to subscribe to the ADA sale.

The sale will begin on Jun. 9 at 06:00 am UTC and last for 24 hours. After that, the acceptance period lasting from Jun. 11 to  Jun. 12 will begin, where participants will be able to accept or reject the final CRO allocation.

Image showing the timeline for the ADA sale event. (Source: Crypto.com.       
Image showing the timeline for the ADA sale event. (Source: Crypto.com)

Disclaimer: Crypto.com is a sponsored partner for CryptoSlate.

The post Crypto.com will run discounted sale of Cardano (ADA) at 50 percent off appeared first on CryptoSlate.



Source: Crypto.com will run discounted sale of Cardano (ADA) at 50 percent off

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