Crypto.com Bitcoin Syndicate Report

Syndicate Report: Bitcoin (BTC)


BTC was sold through the crypto.com syndicate program on September 08/09, 2020.

 

This particular syndicate was special in that Crypto.com was celebrating the official release of their exchange platform. On September 8th, Crypto.com took their exchange out of BETA, and held a special syndicate to celebrate. In this syndicate, Crypto.com sold $2 million worth of Bitcoin at half price.


Total Syndicate Contribution

CRO: 103,118,048.2

USD: $14,870,653.73

Oversubscription

15.3x Oversubscribed


My Syndicate

Contribution

CRO: 35000

USD: $5,047.35

Refund

CRO: 32,721.40248

USD: $4,718.75

Used

CRO: 2278.597519

USD: $328.60


Profitability

BTC Received: 0.0661249

BTC Worth in USD: $685.33

Syndicate Profitability Factor (SPF)

7.07%

 

Note from the Author: This particular syndicate makes all the other syndicates with a lower SPF rating worth participating in. I profited about $400 from this syndicate event which is great! You too can profit from Crypto.com syndicate events by signing up on the exchange


Participate in the Crypto.com Syndicate Events

The Crypto.com exchange is just one aspect of the Crypto.com ecosystem. Crypto.com has their sights set on the mass adoption, and usage of cryptocurrency in every corner of the globe. If you would like to profit from the syndicate you will need to sign up on the exchange

Syndicate Event Disclaimer

In order to participate in the Syndicate event, you will need to purchase, and stake CRO tokens. Furthermore, you will need to meet a base level amount of trading volume per month in order to participate in the syndicate events. The amount you are eligible to contribute to the syndicate events is determined by the number of CRO tokens you have staked on the exchange. The CRO tokens are locked, and staked for 6 months. For more information on the Crypto.com Syndicate Events, please visit the Syndicate page on the Crypto.com website. 

How do you rate this article?

6


Keegan Francis
Keegan Francis

I am the owner of Atlantic Blockchain Company. We help onboard people into the world of cryptocurrency. We have a podcast called Go Full Crypto. The podcast tells the journey of how my wife and I are opting out of the traditional banking system.


Crypto.com Syndicate Report
Crypto.com Syndicate Report

Crypto.com is global cryptocurrency exchange. The syndicate is a weekly event wherein the Crypto.com exchange sells a selected token at 50% off the current market price. In order to determine the profitability of these events, analysis must be done. The purpose of this blog will be to release the details of my personal contributions to the syndicate program. Each syndicate report will feature one particular ratio, the amount I profited, divided by the amount I needed to lock up.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.