Crypto.Com. Stake your Cryptocurrency, Earn interest!
In my previous video, I showed you how Crypto.com works
And in this video i'll show you how to maximize
your profits on the Crypto.Com platform. There are 3 steps we need to follow.
The first one being staking your CRO on the website.
The second one is participating in the Syndicate event
And for the third one we're going to use the Flexible staking plan
on the Crypto.com app
So the first step is staking CRO on
the website. The amount of CRO you want to stake is
10.000. This has 2 reasons. the first one
being the interest. I currently have around
10.000 CRO staked on the website and if we go to the earnings
section you see that I get a daily payout of
5.8 CRO. If I had 10.000 CRO this would be around
5.5 CRO. The second reason for
the 10.000 is the Syndicate event. The more CRO you
stake, the more CRO you will be able to use in the Syndicate
event meaning you will be able to buy more Cryptocurrency at
half price. But more on that later. So that's it for step
1. You stake 10.000 CRO on their website
This way you get a daily payout of 5.5 CRO
And you will be able to participate in the Syndicate event.
That brings us to step 2: What is the Syndicate event?
The Syndicate event is a bimonthly event where you can buy Cryptocurrency
at half price. There are 2 important things to know
The first one being: the more CRO you stake on their website
The bigger the amount of discounted coins you can buy.
So if you look at this table you see that if you stake 10.000
CRO, you will be able to use 1.000 dollar
or 8.000 CRO at the moment of this recording
to participate in the syndicate. From the
the whole list, this is the best ratio because if we go one level lower
we see that if you stake 50.000 CRO you will only be able
to use 2.000 USD to participate
in the event, which means you staked 5 times more but you can
only use 2 times more CRO to participate
So again the more CRO you stake the bigger the
amount of discounted coins you can buy in the Syndicate event.
For the second thing the keyword is allocation. The upcoming
event is KNC and if you check their website you
can see they allocated 500.000 USD
and this means that there is 500.000
USD worth of KNC available to buy
during the syndicate event so in the ideal world
you have 10.000 CRO staked on their website
this means you're eligible to participate in the event for
a thousand USD. Imagine that there
are 500 people just like you that want to participate in the syndicate event
for a thousand dollars.
This means that there are 500 people that are going to buy
a thousand dollars worth of discounted coins. The math adds up
and all the discounted coins will be sold out and everybody gets
a thousand dollars worth of discounted coins
So with a 1.000 dollars, you would have bought 2.000 dollars worth
of KNC.
But unfortunately, there are a lot more people that are participating in
the Syndicate event. And how would this work? Well imagine
that instead of 500 people, 1.000 people
would want to buy the KNC
Then there would be a total demand of 1.000.000 USD worth of KNC
But there would only be 500.000 USD
worth of KNC available. This would
mean that the Syndicate event would be 2x oversubscribed
And in the case that the event is 2x oversubscribed
Your 1.000 USD
that you would want to buy the coins with would be halved
because it would be divided by 2, so you would only get
500 USD worth of KNC
This would still be amazing because you basically doubled your 500 USD
and made it into a 1.000 USD. And I guess you're wondering
How many time does the event get oversubscribed? Well
there is a post on the crypto.com subreddit posted by HaroldFonda.
And this post contains a list of all past
Syndicate events and you can see the oversubscription.
So the last event was Algorand and it was oversubscribed
65 times.
In case the event was oversubscribed 2 times you would
get a profit of 50%. If the event gets oversubscribed
65 times you would get a profit of 1.89%.
I participated in the Algo syndicate event
with 8.000 CRO, my final allocation
was 135 Algo
which is roughly 47 USD
So I basically paid 23,5 USD and i received
47 USD. So how do you do it? If there's an ongoing
event navigate to the Syndicate
then press ongoing sales, once you arrive there you see
the active events, you press learn more.
Here you choose to subscribe. Then you choose the amount of CRO
you want to use. I currently have 10.000 CRO
staked on the website so I'm eligible to use 8.000 CRO
to participate in the event. Then you
confirm and that's it! You're participating in the Syndicate event.
And then you have to wait
until they close the subscription. So in this case they
opened the subscriptions on the 21st of July.
24 hours later they close it, then they take a day
to calculate how much of the discounted coin everybody is going to get
If you agree you get the discounted coins
if you disagree then you just get a refund
of your initial CRO. So that's it for step 2.
You use CRO to buy
discounted coins in the Syndicate events.
The more CRO you have staked on the website the more discounted coins you
you'll be able to buy during the Syndicate events
So then the syndicate event is done and it will take 2 weeks
before a new Syndicate event will start. What do we do in the meantime?
So we did the Syndicate event with a 1.000
USD which is around 8.000 CRO
at the moment of this recording. In the last event I was
able to use 200 of that CRO to buy coins at a discount.
so there was a remainder of 7.800 CRO.
It will take 2 weeks before the next
event will start, so in the meantime
i'll transfer that 7.800 CRO
from the website to the app and i'll put it
in the flexible staking plan.
this way i'll earn a weekly interest payout on that CRO
and when a new Syndicate event start I just withdraw it
from the flexible plan and I transfer it to the website
and use it to play in the Syndicate again.
So that's basically step 3, in between the syndicate events
you take the CRO from the website, you put it in the app and you stake
it in the flexible plan. There is one small thing though.
In order to get the weekly interest paid out you need to have
at least 500 CRO in the flexible plan
The reason why this is important is because
The syndicate event happens every 2 weeks but it
will never be a full 2 week period, it will roughly be
around 13 days, so when you stake it in the flexible
plan it will be 1 full week + 6
days. So on the 6th day of the second week
youu withdraw all your CRO except
for 500 out of the flexible plan.
You take that CRO you put it on the website
and you participate in the Syndicate event with it. You leave the 500 CRO
there to get the weekly interest paid out.
so to sum thing up, how much
do you need to use this strategy on the Crypto.com network
Well we start off with staking 10.000 CRO
on the website both for the interest
and to participate in the syndicate events
then we use another 8.000 CRO to take the full adventage
of the syndicate event. When the syndicate event is over
we transfer our funds from the website to the app
and we put it in the flexible staking plan.
Ideally we have 8.500 CRO in the
flexible plan so when the next
syndicate event occurs we just withdraw 8.000 CRO
We leave 500 CRO in the flexible
staking plan so we still get our interest paid out.
And we use the 8.000 CRO again to participate in
the syndicate event. This is the process
you want to repeat over and over again
to get the most out of Crypto.com
So that was it for this video. I hope everything was clear if something wasn't
just leave a question or a comment
I'll try to answer it as soon as possible.
I hope you guys enjoyed this video, thank you for watching
please leave a like and subscribe, and I hope to see you guys
in the next video. Bye!
 
