In this Crypto.com Supercharger review, we explain how Supercharger works and how to use Crypto.com Supercharger to earn rewards on CRO tokens. We will also show you how to buy and deposit CRO to the Supercharger event and then claim your rewards following the event charging period.
So, let’s dive into this Crypto.com Supercharger Review to help you work out whether Supercharger is the right platform for you.
Crypto.com Supercharger Review
What is Crypto.com Supercharger
Crypto.com launched Supercharger in September 2020. The first project to launch on Supercharger was UniSwap, with an impressive $500,000 USD allocation.
Supercharge is available on Crypto.com Exchange and is a simple, flexible, and secure liquidity mining platform for the most popular crypto projects. The process of earning rewards is very simple; just deposit CRO tokens into the Supercharger event to mine tokens and earn daily rewards.
How to use Crypto.com Supercharger
When a Supercharger event is in the “Charging Period”, users can deposit and withdraw tokens from the liquidity pool as often as they want. A charging period is between 30-45 days. Plus, there’s a minimum deposit of 100 CRO, which users can deposit from their Crypto.com exchange spot wallet.
Then the “Reward” or “Distribution Period” is for the next 30-45 days and starts after the Charging Period. Users’ rewards are based on the liquidity score they accumulated during the Charging Period. Rewards are distributed evenly daily during the Reward Period and are pro-rated based on a user’s share of the total liquidity pool. These tokens are sent back to your Crypto.com exchange spot wallet.
All you need to do is deposit your tokens into the liquidity pool and charge for the duration of the charging period. Then you will receive reward tokens every day during the Rewards Period.
Supercharger is one of several ways that you can earn a return on your crypto. To find out more options, we have created a list of how we put our crypto to work in our post How I Earn $15,000 Per Month Passive Income Staking & Lending.
How to Boost Your Supercharger Rewards by 10X?
88 participants will win an exclusive “Supercharger 10x Booster” NFT that multiplies their BTC rewards, allowing them to earn up to 52% p.a.
To boost your rewards by 10X, you’ll need to sign up for a Crypto.com NFT account using the same email as your Crypto.com App or Exchange account (whichever one was used to participate in the Supercharger event).
The exclusive “Supercharger 10x Booster” NFT will be airdropped to the winners’ Crypto.com NFT account at the end of the Charging Period.
Owning the NFT allows you to multiply your Bitcoin rewards by 10x (up to 52% APY). These will be automatically credited to your account after the Reward Distribution Period.
What Tokens Can I Earn with Supercharger?
You can farm the most popular cryptocurrency and DeFi projects with Crypto.comSupercharger. The first project that ever launched on Supercharger was the Uniswap UNI token with a 500,000 USD allocation. They’ve since launched successful events with the likes of Polkadot, DOGE, and Bitcoin.
Crypto.comSupercharger Minimum Deposit
Crypto.com Supercharger has a minimum deposit of 100 CRO. Users are allowed to make multiple deposits, too, without any additional costs. There are also no maximum limits of CRO that you can deposit.
The Crypto.com Supercharger platform boasts zero fees. However, to participate, you will just need some CRO to deposit. Unlike many liquidity mining platforms, there are no gas fees to pay, meaning there are no extra costs eating into your profits.
How is the Supercharger Liquidity Score Calculated?
Crypto.com takes an hourly snapshot of the liquidity provided per user. Throughout the “Charging Period”, one snapshot of the liquidity pool would be taken every hour, and the liquidity provided by each user would be logged.
Then they calculate the total liquidity provided per user. At the end of the Charging Period, they add up the liquidity provided by each user every hour during this period.
Supercharger Acceptance Period
The acceptance period is a really important part of Supercharger. This is because it can affect the number of rewards you will receive.
Immediately after the charging period ends, they’ll determine your liquidity score and the rewards you’ll receive. Once this is confirmed, you can accept it any time before the “Acceptance and Reward Period” starts.
To ensure that you receive the full reward amount allocated to you, it’s important that you log in to the exchange and accept before reward distribution begins.
If you fail to accept your reward allocation (before reward distribution begins), you lose a portion of your rewards. to be distributed. If this happens, you’ll still be entitled to the remaining portion of your reward allocation. However, you must log into the exchange and accept your reward allocation.
How to Claim Supercharger Rewards?
To receive your Crypto.com Supercharger reward allocation, you’ll need to log in and accept your rewards. This can only be done when the charging period has ended.
To accept your Supercharger Rewards, you will need to do the following;
- Log in to the Crypto.com Exchange
- Head to your “Balances“
- Choose “Events & Rewards“
- Click on “Supercharger“.
- Click on the Supercharger event in its “Acceptance Period“.
- Accept your allocation by ticking the box.
- Your rewards will then be issued daily into your spot wallet.
Any Crypto.com App or Exchange user can use Supercharger. Except for residents and citizens of Hong Kong SAR, Mainland China, and the USA. If you don’t already have a Crypto.com account, click here.
You’ll need to be verified to a starter level or above. Plus, you’ll need to have some CRO available in your wallet to deposit.
Verdict: Is Crypto.com Supercharger Worth it?
So, is Crypto.com Supercharger worth it? We have been using Supercharger for over a year, and honestly, the returns aren’t great. Potentially you could get better rewards by just staking your CRO on their App. However, it might be a great way to get exposure to some new crypto assets and then just HODL and see what happens.
The process of depositing your CRO tokens is simple and flexible, and within a few clicks, you will have your tokens back in your wallet. The acceptance period can be a bit of a pain; if you want to maximize your returns, you will have to accept your rewards as soon as the acceptance period begins.