Users on Crypto.com exchange can enjoy 50% discount to purchase Kyber Network (KNC) token to be listed under a The Syndicate event.
Crypto.com exchange is listing Kyber Network (KNC) on their platform under their signature Syndicate event. For users who wish to buy KNC before its listing, they can subscribe to the event and get 50% discount on allocated amount of KNC token.
How the KNC Syndicate Works?
Exchange users can participate in The Syndicate event by staking atleast 10000 CRO. The staking duration is 180 days. Users also need to subscribe with CRO tokens to get allocation of discounted KNC.
- At the time of subscription the price of KNC is 1 KNC = 11.519 CRO
- Users stand a chance to get 1 KNC at half price = 5.7595 CRO
- Users will apply CRO based on their limits, towards subscribing for KNC in the sale.
- If the sale is 100% subscribed, user will get equivalent KNC tokens. If the sale is oversubscribed, users will receive KNC on prorated basis and the unused CRO tokens will be refunded.
Staking CRO Tokens and Maximum Allocation Limit
Each user’s maximum allocation of KNC coins will depend on their CRO Staked at the time of subscription. Check out how to stake CRO tokens here.
|CRO STAKED||FIXED MAX ALLOCATION|
|10,000||$1,000 USD (≈8,000 CRO)|
|50,000||$2,000 USD (≈16,000 CRO)|
|100,000||$5,000 USD (≈40,000 CRO)|
|500,000||$15,000 USD (≈120,000 CRO)|
|1,000,000||$25,000 USD (≈200,000 CRO)|
|5,000,000||$100,000 USD (≈800,000 CRO)|
|50,000,000||$200,000 USD (≈1,600,000 CRO)|
The total allocation is 308071.47258 KNC. In case of oversubscription which is always the case, the below formula is used to calculate user’s final allocation on a prorated basis.
24 hours after the end of the subscription period, the exchange will determine user’s final allocation of KNC. Once the final allocation is confirmed, users have the option to agree to it or reject it. The un-used CRO will also be refunded to your balance in the Exchange after user has indicated acceptance / rejection to the final allocation.
Guide to Subscribe to The KNC Syndicate
Step 1: Click on the Subscribe Now Button on the Syndicate Page
Step 2: Allocate the CRO tokens you wish to subscribe with, you can also click on Max and it will automatically fill the max subscription value possible for you.
Click on Review Subscription once all values are entered.
Step 3: Confirm your subscription.
We will update this article with final allocation details. You can join the exchange and participate in the Syndicate yourself.
Offer for New Users
All new users on Crypto.com/Exchange receive 90 day fee free trading plus 2% Deposit bonus in CRO tokens. Use this link to create an account on Crypto.com app and receive $50 reward. Sign up on Crypto.com exchange using the app to benefit from both rewards.
You can also check out the details of the Previous Syndicate Event for ALGO
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