Crypto.com announces a “Halving Special” with Bitcoin 50% off, but supply is limited

2020-5-1 18:00

Cryptocurrency payment platform Crypto.com announced the launch of a special Bitcoin halving offer set to take place on 06:00 UTC, May 12. All users of the platform will be able to participate in the event and get the opportunity to buy Bitcoin at a 50 percent discount without having to necessarily stake Crypto.com’s native cryptocurrency, CRO.

You can get a chance to buy BTC at a 50% discount on Crypto.com

Cryptocurrency payment provider Crypto.com has been introducing various new offers in the past few weeks geared at making the lives of crypto users across the world easier. After introducing a new crypto invoicing feature in March, the company decided to waive credit card fees for crypto purchases of essential items such as food delivery and groceries at the beginning of April.

Now, with May on its way, the company announced that it will host a Bitcoin Halving Special. According to the company’s official blog post, all users of the Crypto.com Exchange will be able to participate in the “Syndicate Halving Special,” which will enable users to buy Bitcoin at a 50 percent discount.

Crypto.com has allocated $1 million worth of BTC for the event and will enable users to buy it at half price.

Halving Special rules and Twitter giveaway

According to the company, the Syndicate Halving Special will begin on Tuesday, May 12 at 06:00 AM UTC, with sale open for 24 hours. While staking CRO isn’t required in order to participate in the event, users that decide to stake will be able to increase their maximum allocation to subscribe to BTC.

Users that don’t stake CRO have their maximum allocations limited to $200, and maximum allocations go up proportional to CRO staked.

Table showing the maximum allocation in CRO on Crypto.com. (Source: Crypto.com)

An “acceptance period” will last from May 14 to May 15, when participants will be able to accept or reject the final CRO allocations. Residents of the U.S., China, and Hong Kong will be excluded from The Syndicate campaign, the company said.

Aside from the event, the exchange has also introduced a trading fee discount for users that pay their fees with CRO, as well as a $100,000 giveaway on Twitter. Users were enticed to retweet the company’s Halving Special announcement and follow some additional instructions for a chance to receive $250.

Disclaimer: CryptoSlate is an advertising partner for Crypto.com.

The post Crypto.com announces a “Halving Special” with Bitcoin 50% off, but supply is limited appeared first on CryptoSlate.

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