Users can now purchase the OmiseGO (OMG) token at a 50% discount on the Crypto.com exchange, which will be listed at The Syndicate event. The event is yet another of Crypto’s.com successful Syndicate offerings – which we’ve covered in the past.
OMG has been listed on the Crypto.com exchange under their signature Syndicate event. Users who wish to buy OMG before its listing must subscribe to the event and avail of a 50% discount on the allocated amount of the OmiseGO token.
How the OMG Syndicate Works
Exchange users can participate in The Syndicate event by staking at least 10000 CRO. The staking duration is 30 days. Users also need to subscribe to CRO tokens to get the allocation of discounted OMG.
- At the time of subscription, the price rate is 1 OMG = 14.2756 CRO
- After availing 50% discount, users get 1 OMG at half price = 7.1378 CRO
- Based on their limits, users will apply CRO while subscribing to OMG in the sale.
- In case the sale is 100% subscribed, the user will get equivalent OMG tokens. If it is oversubscribed, the unused CRO tokens will be refunded, and users will receive the tokens on a prorated basis.
Staking and Maximum Allocation
Each user’s maximum allocation of OMG tokens will depend on their CRO staked at the subscription time.
|CRO Staked||Fixed Allocation|
|5,000||$500 USD (3500 CRO)|
|10,000||$1000 (7000 CRO)|
|50,000||$2,000 USD (12000 CRO)|
|500,000||$15,000 USD (90000 CRO)|
|5,000,000||$100,000 USD (700000 CRO)|
|50,000,000||$200,000 USD (1400000 CRO)|
The total allocation is 97484.88984 OMG. In case of oversubscription, which regularly occurs, the enclosed formula can be useful to calculate final allocation on a prorated basis:
The exchange will decide the user’s final distribution 24 hours after the end of the subscription period. Users will have the option to agree or reject once the final allocation is confirmed, after which the un-used CRO will also be refunded to your balance in the Exchange.
How to Subscribe to The OmiseGO Syndicate
Step 1: Hit 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 maximum possible subscription value for you.
Click on Review Subscription once all values are entered.
Step 3: Confirm your subscription.
We will update this post with final allocation details. You can also join the exchange and participate in the Syndicate yourself.
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