The team of Crypto.com Chain (CRO), in order to celebrate the news of the token being listed on KuCoin, is going to conduct an airdrop of 2,000,000 CRO tokens. Crypto.com, which is one of the best bitcoin loan platform, made this announcement on Twitter yesterday. This airdrop will take place to the top 1,000 KuCoin accounts.
The eligibility criteria for the 2,000,000 CRO tokens airdrop-
There is a special criterion for the users in order to become eligible for the airdrop. The requirement is that the users’ KuCoin accounts should have at least 10,000 CRO. Those accounts that will be shine brightest in the top 1000 ranked KuCoin accounts list will stand a chance to enjoy the airdrop.
When will the list of top 1000 KuCoin accounts be revealed?
As per the official blog of the company, the CRO balances for the airdrop will take place at 23:59:59 on 3/5/2019 (UTC+8).
To celebrate CRO being listed on KuCoin, the https://t.co/nKgOxEwDms Chain (CRO) team will be conducting an airdrop of 2,000,000 CRO tokens to the top 1,000 KuCoin accounts with the greatest amount of CRO.
— KuCoin Updates (@KuCoinUpdates) April 24, 2019
How to register for the airdrop?
Since the airdrop rewards will be distributed by Crypto.com Chain team, therefore, those who are interested in participating in the airdrop will need to register their crypto.com wallet with KuCoin email account. As per the blog, the users can then- “pass the Crypto.com wallet KYC between 3/5/2019 and 10/5/2019 (UTC+8).”
When will the rewards get distributed?
The company has announced that the rewards will be distributed before 17th May (UCT+8.) They have also provided a link which can be used to download the crypto.com wallet. Also, there is a special mention made by the company about how holdings KCS can get the user better discounts on the trading fee.
More on KuCoin-
Two days ago, the crypto exchange made an announcement for their sixth quarterly (Q1 2019) KCS token burn. The crypto exchange intends to use ten percent of the profits it will earn for purchasing back and burn KCS on the quarterly fashion. In the first token burn, the exchange burnt 280,510 KCS. The current KCS total supply is 179,659,415, whereas the current KCS circulating supply is 89,659, 415 KCS. The burning of the tokens helps in bringing down the number of tokens in the circulation, which has a positive effect on the price of the token. Talking about the burning aim of the crypto exchange, KuCoin intends to continue burning until the time they are left with only 100,000,000 KCS in supply.