Crypto traders and investors – you can now purchase Maker (MKR) token at a whopping 50% discount on the Crypto.com exchange. This opportunity is yet another of Crypto’s.com successful Syndicate’s range of regular offerings.
500,000 USD worth of Maker (MKR) has been listed on the Crypto.com exchange under their signature Syndicate event. As expected on every Syndicate event, users who are looking to purchase MKR via this listing will need to first subscribe to the event. They’ll then get to avail of a 50% discount on the allocated amount of MKR token.
How Does the Maker (MKR) Syndicate Work?
Exchange users can participate in The Syndicate event by staking at least 5,000 CRO. The staking duration is 30 days. Users will also need to subscribe to CRO tokens to get their allocation of discounted MKR.
- At the time of subscription, the price of MKR is set at 1 MKR = 3032.637954 CRO
- After availing 50% discount, users will get 1 MKR at half price = 1516.3190 CRO
- Based on their limits, users will apply their CRO while subscribing to MKR in the sale.
- In case the sale experiences 100% subscription, investors will get their expected MKR tokens based on their subscription value. If it is oversubscribed, the unused CRO tokens will be refunded, and users will receive MKR on a prorated basis.
Staking and Maximum Allocation
The maximum allocation of MKR tokens will depend on their CRO staked at the subscription time.
|CRO Staked||Fixed Max Allocation|
|5,000||$500 USD (3,500 CRO)|
|10,000||$1000 USD (7,000 CRO)|
|50,000||$2000 USD (14,000 CRO)|
|100,000||$5,000 USD (≈35,000 CRO)|
|500,000||$15,000 USD (105,000 CRO)|
|1,000,000||$25,000 USD (≈175,000 CRO)|
|5,000,000||$100,000 USD (700,000 CRO)|
|50,000,000||$200,000 USD (1,400,000 CRO)|
Ascertaining Final Allocation
The total allocation is 1109.50848 MKR. In case of oversubscription, which is a regular occurrence on these events, you can use this formula to determine the final allocation you’ll receive on a prorated basis:
24 hours post the expiry of the subscription period, the exchange will determine the user’s final allocation of MKR. You will have the option to agree or reject once the final allocation is confirmed. Then, the unused CRO will be refunded to your balance in the Exchange.
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 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.
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