Hi again in my newest news blog, here you have Financieel Geletterd (In English, Financially Literated)
Let me explain you what the Supercharger is: The Supercharger is a unique staking mechanism where you can put your leftover Cronos (Crypto.com Cro Coin, it has been renamed). Periodically the projects you get paid in change. When they have something interesting new they give you that, if they don't, they give you Ethereum or in this case a big amount of Bitcoin. Usually the duration is 45 days, now 30. So it works like this: for the upcoming 30 days now you are charging for Bitcoin. Eventually, they calculate the average Cronos you have in the Supercharger. So if in the first 15 days you had 5k and the last 15 days 10k, you get rewards over 7,5k basicly. The rewards you get for the next 30 days daily. It works quite funny though, all you have to do is accept the rewards allocation after the charging period ended. And it will show up in your wallet.
So the past projects have been:
-Luna 39% APY
-Eth 39% APY
-HBAR 37% APY
-SDN 4%
-DYDX 29%
-AXS 29%
-EFI 4%
-BOSON 4%
-Bitcoin 2%
-Shiba Inu 5%
-Enjin 6%
-DOGE 1%
-NEAR 1%
-Zilliqa 1%
-Bitcoin 1%
-Dot 2%
(Update, only 88 people have the chance for the big amount. The rest gets 2-5%.
So you see that they started with a low earning mechanism, which still paid in coins that went to the moon. They really pick out there projects well. And since the massive growth over 2021 they can even give more, and attract more users. When first the total stake pool to give out was 250k, now the pool contains 2 million to be divided across all the Supercharger users.
Please keep in mind that APY means ´Average Percentage Yearly' and to give you guys an easy calculation, if you put $1000 and the APY is 60%, you stake one month for the Bitcoin and receive the % over one month, 60 : 12 = 5%. So you get $50 in BTC for staking one month with $1000. (If you're one of the 88)
Be sure to check out my last post about Crypto.com & Cronos here:
https://www.publish0x.com/fatdunsparce/cryptocom-coin-is-renamed-to-cronos-potential-376-percent-up-xlzrkrl?a=J0dNxRmpaL
Or join Crypto.com and getting $25 for free + usage of Supercharger by clicking this link:
https://crypto.com/app/23mprpj98e
If you have any questions feel free to leave a comment!
