Hi there again, this time I am gonna talk about a platform that got my attention when one of my friends was talking about it. Ofcourse it is gonna be Crypto.com!
Ref link: https://crypto.com/app/23mprpj98e
But what is so darn good about this platform? Why is it better than others? Because it sure is not the only one since more and more companies are going the same way. Well, remember BNB going to the moon? Binance now is currently one of the most popular exchanges. The Binance coin even has it's own Smart Chain which hosts popular coins like Pancake (CAKE). I remember at the beginning of 2021 I bought 1 BNB for like 50 dollars. I still got a big profit but missed out on so much.
Crypto.com uses the so-called Cro. It has seen an all time high of nearly 90 cents already, it is pretty cheap to get. Not even talking about their wide market on different Crypto, and it keeps growing and growing and growing. I believe that Crypto.com will gain more and more popularity and so will Cro. And besides that, now it functions as an ERC-20 token. But I speculate that they will create their own Smart Chain as well. For the other things I am excited about, I am gonna tell all about it so keep on reading and enjoy :)
History and Roadmap of Cro
Crypto.com was founded in June 2016 and it took them a while to really set off. In 2019 they came to a good userbase of 1 million people, which today in 2022 is already 10 million. They made a public, open-source and permissionless blockchain. Fully decentralized with high speed and low fees. Designed to get the world ready for Blockchain Technology in the form of Payments, DeFi and NFTs. I will tell you more about their marketing strategy which is far better than any other Crypto exchange and their wonderfull adaptation of Visa.
Basicly their roadmap comes in 4 fases:
Phase 1 Canis Major
Focusses on on-chain support for NFTs
Phase 2 DRACO II
Focusses on the issuance of coins and the Ethereum Virtual Machine. In simple words, it makes sure you are working with native coins.
Phase 3 TUCANA III
Based on the uniswap model, with future improvements and updates. Deals with the Decentralized Exchange with an automated market.
Phase 4 HYDRUS I
Focusses on smart contracts. Includes the release of working with the CosmWasm engine. Which is an engine even better than Thomas the Tank Engine: it functions in multiple programming languages. It provides support for many dApps and DeFi.
Phase 5 CARINA III
Basicly deals with decentralized finance and oracles. It links oracle protocols to empower smart contracts. In other words, they are working incredibly hard in making the world of Decentralized Finance a better place. For us and for our future.
With a total market supply of 30 billions, of which they burn a significant amount, it fits basicly 181 times in the total coin supply of BNB. So if you want to compare it by total coin supply, BNB trades now at 370 US dollars and 0.40 x 181 = 72,40 US dollars. which shows you in a simple way that there is a decent amount of room to grow. But 1 cro of 0.40 in todays value will high likely NEVER touch the 370 dollars. Instead, if it would reach the same highs as BNB, Cro would touch around 2 dollars per cro. And ofcourse there are different ways to speculate about that! You can also compare the total market capitalization of BNB and Cro, which will have similar results. And I do have to say, I love to speculate. But always do your own research. I am not saying that Cro will go after BNB, I am just wondering how the future of Cro will be if they keep going like they are doing now. And they are doing pretty darn good.
With listening to their audience, following market trends and their easy to use app with great functions. I think the userbase only grows bigger and bigger from here.
A big applause to their marketing team!
I can talk on and on about their marketing. But you really have to see it for yourself. Seriously. Just follow the links I post here. I am not kidding, I am not lazy. But you will be amazed!
Launch of the Global Ad Campaign
Marketing Strategy Pays Off (Forbes)
From app to Global Brand
I mean, they even got Matt Damon to do their commercial. Which was really on a lot of billboards all across the world. In big cities. Their slogan is: ´Fortune favors the brave´ which indicates that good things will come for the people who are not afraid for the next step. Less fiat, more crypto!
So this is what I use almost daily, the Crypto.com Visa Card
When you make an account (I would appreciate it if you would use my refer link) here one of the first things you do is ofcourse buy some crypto and receive your free 25 dollars in Cro. What is great about using this exchange, apart from buying, selling, trading and staking (40% APY), is the card system. Let me explain shortly: your benefits depend on how much cro you stake. From the moment you stake you already get access to the benefits. And your staked crypto will be frozen for 6 months, after that you can trade whatever you want again. So I started my journey with staking 400 worth of cro. Which gave me the red card (arrived in around 2 weeks) with 2% cashback in cro on whatever I can buy with Visa and getting the amount of Spotify 100% back in cro as cashback. Because I got so excited, I decided to buy more and more. Since october 2021 I have gained over 200 euros in cashback already, by simply having Spotify, doing groceries and putting some diesel in my car. Apart from that I also purchase on e-commerce websites with it. Right now I have around 2500 US Dollars in Cro. I decided to stop buying more because I will get more cashback in the upcoming months, and the Cro will also reach new highs again. When that happens I will happily go to the next level where I get 3% cashback AND FREE NETFLIX!!!
One important downside tough, even though I get A LOT of cashback, if you want to upgrade your card you not only have to stake the amount that you see here but also pay 50 US Dollars for a new (high quality) metal Visa card. For me it is not that bad since I already earned that with my cashback but I can imagine it can be a bummer when you see it for the first time.
The extra Cro that I earn I put in the so-called supercharger, where you can get up to 40-50% stake rewards in new and currently existing projects. Last month I got Ethereum and now I am staking for Luna. The interest rates on staking Cro are definitely NOT BAD :)
But they got hacked right?
The answer is yes. Speculating that North Korea is behind it. A big amount of Ethereum was stolen from multiple accounts. But this can literally happen to any exchange. How the exchange handles the situation, that is upmost important. Crypto.com immediately upped their security, logged everybody out and notified everybody. Also, everybody that became a victim to the thiefs, got a full refund on everything that was stolen. So only Crypto.com itself suffered on the breach, the users will be always secured of their funds.
Other downsides
When putting some extra money into your Visa is completely free, after the first free month of using the Crypto.com account buying Crypto for your wallet has a fee of 3%. Technically using the Visa card is free and gives you a very nice amount of free money. But buying Crypto is a little bit more expensive than a Binance as example.
Also I think it is important to mention that if you buy other Crypto than Cro here, it is important to check how much interest you can earn compared to other exchanges. Because sometimes it pays out pretty good, other times just not.
And as I said before, the first metal Visa card is free. But after the next upgrade every new coloured card is 50 US Dollars. Which I also kinda understand.
The end
I hope I made you excited about this platform and I would really appreciate it if you would make an account through my link. If you have any questions, feel free to ask them in the comments. And also definitely check out my blogs, where I am gonna post much more ´free´ money makers in the future! Because free money, is the best money for me.
Ref link: https://crypto.com/app/23mprpj98e
