In order to streamline our user’s experience, we are integrating Council Node Rewards into Crypto Earn, offering you up to 18% p.a. on CRO (vs up to 12% p.a. today).

Please be notified that your funds staked in Council Node seats have been automatically moved and staked to Crypto Earn; Crypto Earn interest will be paid out weekly - the next interest payout will appear in your wallet on September 12, 2019.

Please note that you will continue to contribute to Crypto.com Chain Council Node network with your deposits in Crypto Earn and continue to enjoy increased benefits from Pay Rewards.

In addition, you no longer have to wait until the council node seat to fills up - interest will begin accruing the moment you make a deposit into Crypto Earn. You will continue to enjoy the full benefits from Pay Rewards as long as you maintain a 10,000 CRO minimum balance in Crypto Earn. 

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What do Council Nodes do?

They are essential to ensuring the high-performance and security of the Crypto.com Chain, including but not limited to:

  • Execute settlement;
  • Order transactions;
  • Verify all transactions;
  • Provide an escrow (“Proof of Goods & Services Delivered”) service

How to participate?

Through AllNodes:

  1. Sign up for an account at AllNodes.
  2. Click on ‘+’ and choose cryptocurrency - Crypto.com Chain.
  3. Create an Ethereum wallet or buy a Hardware wallet.
  4. Get your Ethereum wallet address (it must be ERC20 compatible).
  5. Send exactly 500,000 CRO in a single transaction to that address
  1. Wait for 15 confirmations of the transaction in the blockchain to occur.
  2. Go to https://www.allnodes.com/cro/host and insert your council seat nodes’ address there.
  3. Follow further instructions.

For more AllNodes details, please refer to this FAQ.

Council Node Rewards FAQ

When will I start earning Council Node Rewards?

On AllNodes - Users will receive the first reward distribution in a month after depositing 500,000 CRO, after which it will be credited on a biweekly basis. 

Is there a maximum limit as to how much CRO I can stake on AllNodes?

There is no maximum limit on AllNodes. However, if you wish to stake more CRO via AllNodes, you will need to carry out multiple deposits as AllNodes only accepts a single collateral deposit of exactly 500,000 CRO. 

Can we pool our own MasterNode on allnodes.com?

AllNodes require a single collateral deposit of exactly 500,000 CRO.

Are citizens and residents of Hong Kong SAR, Singapore, Switzerland, and the United States of America also restricted from CRO staking on AllNodes?

Users are advised to look into AllNodes’ policy and terms of use.

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