Crypto.com is preparing for the Polkadot listing, which will take place on November 10.
To celebrate this move, Crypto.com has planned an event where CRO players can purchase DOT at a 50% discount.
Some details of the event have yet to be released, but much has already been explained so that users can prepare for it.
Crypto.com, a major crypto currency exchange, recently revealed details of the upcoming listing of Polkadot (DOT). The announcement states that the event will take place on November 10th and that DOT will be paired against USDT and CRO.
Polkadot (DOT) will arrive at Crypto.com shortly.
The listing of Polkadot on the Crypto.com stock exchange has been long awaited and now that it has finally arrived, Crypto.com would like to celebrate the listing with an event.
During this event, the exchange will conduct a 24-hour DOT discount sale. The event will begin on the day of the listing and will allow CROs to purchase $250,000 worth of DOT at a 50% discount.
Under the terms of the announcement, each participant in the Crypto.com DOT Syndicate must provide a certain amount of CRO for the event. However, the Exchange decided to set a cap on the maximum amount. The Exchange set the limit based on the trading volume of the last 30 days and the amount of CROs that were set.
The maximum allotment will be announced on the day of listing, although a table of what to expect is already available as part of the current announcement.
Details of the event
One thing that is known is the minimum level of CRO involvement required for users to participate. This amount is 5,000, and the CRO assigned cannot be used to subscribe to DOT, so users should also consider this.
The event is scheduled to begin on November 10 at 6:00 UTC. The subscription period will be 24 hours. After one week, users will receive another 24 hours to accept the final allocation. This is scheduled for November 18 this year.
Users can check the Syndicate’s “Details” page for the final allocation amount, but will also receive an e-mail notification, which is expected to arrive 7 days after the end of the sale. The allotment amount is not negotiable and must be accepted by the participants. The Exchange will then refund the unused CRO balance. Finally, if the users do not take action within 24 hours, the allotment expires.