What is Supercharger?
The Supercharger is a simple, flexible, and secure rewards platform that allows users to stake tokens (with the option to withdraw at any time) in order to earn the most popular crypto on the Crypto.com Exchange and Crypto.com App.
Who can participate in a Supercharger event?
Crypto.com App users outside of Hong Kong SAR, Mainland China, and the USA.
Any verified Crypto.com Exchange user (Level: Starter or Advanced) is eligible to participate in the Supercharger events.
How do I participate?
Login to Crypto.com Exchange
Navigate to the Supercharger page
Click into the Supercharger event
Stake* to the pool by clicking “Charge Now”
Accept Reward amount allocated to you
Wait for rewards to be distributed**
*Multiple stakes are allowed per user. Stakes must be from the user’s Crypto.com Exchange spot trading account or Crypto.com App's crypto wallet. Minimum 100 CRO per stake
**Once the Charging Period for the event is over, accept the Reward terms, and receive rewards (evenly distributed over 10, 30, or 45 days) based on your rewards score. The rewards will be automatically deposited into your spot trading account on Crypto.com Exchange or your App Wallet.
Open the Crypto.com App
Look for the Supercharger banner on the home screen or the Super App menu.
Click into the latest Supercharger Event by clicking on “Learn More”
Select “Charge Now”
Select a supported cryptocurrency from your Crypto Wallet and enter the amount you like to stake into the pool.
Once the charging period for the event is over, accept the reward amount allocated to you.
Wait for rewards to be distributed on the Crypto.com Exchange or your App Wallet, depending on what you have selected.
How does it work?
When a Supercharger event is in the “Charging Period”, users can stake and withdraw tokens from the rewards pool as often as they wish.
The Reward Period begins after accepting the Reward terms during the Acceptance Period. Users' rewards are based on the rewards score they accumulated during the Charging Period. Rewards are distributed evenly on a daily basis during the Reward Period.
Users can withdraw their crypto from the rewards pool at any time after the distribution. If the CRO is not withdrawn within the given timeframe it will be automatically placed for the next event.
A. CHARGING PERIOD
Duration: 10 to 45 days depending on the event
Minimum Stake: 100 CRO per stake
Stake & Withdrawal limits: Unlimited
Stake from: Crypto.com Exchange spot wallet, Crypto.com App crypto wallet
Acceptance Period*: Immediately after the Charging period ends, we will determine your rewards score and reward tokens according to the terms set out above. Once this is confirmed, you have the option to accept it anytime before the Reward period ends.
*If you fail to accept your reward distribution before distribution begins, you will lose that portion of the reward scheduled to be distributed.
*App users can accept their allocation in the Crypto.com App
B. REWARD PERIOD
Duration: 30 or 45 days (after Charging Period ends)
Total Reward amount: Pro-rata based on user's share of the total rewards pool
Reward distribution frequency: Daily
Reward amount daily: Total reward divided by 30 or 45
Distributed to: Crypto.com App or Crypto.com Exchange spot wallet, whichever platform you staked to*
*Reward delivery to the Crypto.com App starts from 2022-02-21 08:00:00 UTC; any events that had a reward acceptance period prior to this date will have rewards delivered to Exchange only
Calculating your Rewards Score & Reward
Note: If your CRO balance is below a minimum amount, you will not be eligible to receive a reward. This minimum amount may be different for each event and is determined by factors including the amount of CRO you have staked for the event, the staking duration, duration of the event, and size of the pool.
Step 1: Take an hourly snapshot of crypto provided per user and the size of the entire rewards pool
Throughout the Charging Period, hourly snapshots of the rewards pool and crypto provided by each user are logged.
Note: Formulas below are based on these hourly snapshots, but snapshots of the rewards pool cannot be manually done by the user since this is done every hour of every day of the event.
Rewards score = A / B
A: User’s total stake across the event duration
B: Total pool size across the event duration
*The hourly snapshots are inputs for A and B
Step 2: User’s total stake across the event duration
For a 30 day event, the user stakes 100 CRO from day 1 to day 10 for 24 hours per day.
They withdraw her 100 CRO and from day 11 to day 20 is providing 0 CRO.
They stake 200 CRO for 10 hours per day from day 21 to day 30.
User’s average stake across the event duration = (100 CRO*10 days*24 hours)+(0 CRO*10 days*24 hours)+(200 CRO*10 days*10 hours) = 44,000
Step 3: Total pool size across the event duration
Note: Users would not be able to calculate the total pool size on their own as this is based on hourly snapshots of the Supercharger pool size; the example provided below is only for reference based on a simple assumption that the pool size is the same every day (although, in reality, this is usually not the case)
The pool size is 4,400,000 CRO every hour of every day of the 30-day event.
Total pool size across the event duration = 4,400,000 CRO*30 days*24 hours = 3,168,000,000
Step 4: Rewards score and final rewards
Rewards score = 44,000 / 3,168,000,000 = 0.0014%
Calculating rewards: If total reward pool is 10,000,000 LUNA → 0.0014%*10,000,000 = 138.89 LUNA coins awarded to the user
Accepting your rewards
Step 5: Accepting your reward
Immediately after the Charging period ends, we will determine your rewards Score and LUNA reward according to the above terms. Once confirmed, you have the option to accept it anytime before the Acceptance and Reward Period ends.
To accept your reward, log in to your Crypto.com Exchange/App account and go to the Supercharger page.
Your total reward will be divided and distributed to you daily over the Reward Period.
To ensure that you receive the full reward amount, you must accept your allocation before the Reward Period begins.
If you fail to accept your reward allocation before the Reward Period begins, you will lose the portion of the reward that was scheduled to be distributed to you during the start of the Reward Period. If this happens, you are still entitled to the remaining portion of your reward, as long as you log in to the Exchange/App and accept your allocation during the Reward Period.
Is there a limit on how much I can contribute?
The minimum stake is 100 CRO.
There is no maximum limit on how much you can contribute to the event, you can stake as many times as you would like during the Charging Period.
How to withdraw from a Supercharger event?
You can withdraw your contribution (partially or fully) at any time from the Supercharger pool.
Login to Crypto.com App or Crypto.com Exchange
Navigate to the Supercharger event from your accounts tab (Crypto.com App) or dashboard (Crypto.com Exchange)
Click on “-” sign to withdraw your contribution.