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What is Crypto.com CRO Visa Card? Referral Code $50

MCO Visa Card was a card service that belongs to Crypto.com. Now its CRO VISA card. CRO is the other native currency by Crypto.com. Crypto.com used to support two native tokens but nowadays they only have CRO: The VISA card used to requires MCO staking but now it requires CRO staking. CRO Visa cards are […]

The post What is Crypto.com CRO Visa Card? Referral Code $50 appeared first on Cryptocoinzone.

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MCO Visa Card was a card service that belongs to Crypto.com. Now its CRO VISA card. CRO is the other native currency by Crypto.com. Crypto.com used to support two native tokens but nowadays they only have CRO:

The VISA card used to requires MCO staking but now it requires CRO staking. CRO Visa cards are prepaid cards that can be topped up with cryptocurrencies including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP, and Crypto.com’s native CRO token.

 

In order for you to acquire a metal CRO Visa card and receive all its benefits, such as cashback up to 5% in CRO and free Netflix, Spotify and Amazon Prime accounts, you will need to Stake CRO for at least 6 months. The specific CRO amount to stake differs from card to card.

 

Anyone in the USA (49 states), the EU, or Singapore can use the CRO Visa card to spend cryptos at millions of locations globally.

How to get $50 FREE with Crypto.com?

  1. Click on our referral link for Crypto.com
  2. Complete signup and pass KYC
  3. Stake at least 1000 CRO (200 USD) for CRO Visa Card
  4. Referral code: mcmk7qgbhh
     

CRO card rewards, benefits and purchase rebates

Crypto.com offers extreme good rewards, benefits and purchase rebates with its CRO VISA card. You can enjoy rebates on Spotify, Netflix, Airbnb and Amazon Prime. In addition, you can get up to 5% cashback and free access to airport lounges around the world.

An ongoing CRO Token lockup is required to continue receiving purchase rebates.

See some of the benefits in the table below.

 

CRO VISA card benefits table and CRO staking requirements

 

The limit for the purchase rebates are as follow:

Expedia: Up to 10% of each purchase with a US$50 limit per month 

Airbnb: Up to 10% of each purchase with a US$100 limit per month

Spotify: Up to US$12.99 per month

Netflix: Up to US$12.99 per month

Amazon Prime: Up to US$12.99 per month rebate of membership fee

What different Crypto.com CRO cards are there?

Below you can see the five different categories of CRO Visa cards and the required staking for each category

  1. Obsidian, 1,000,000 CRO staking (≅ 200,000 USD)
  2. Frosted Rose Gold and Icy White, 100,000 MCO Staking (≅ 20,000 USD)
  3. Royal Indigo and Jade Green, 10,000 CRO Staking (≅ 2,000 USD)
  4. Ruby Steel, 1000 CRO Staking (≅ 200 USD)
  5. Midnight Blue, No staking required

How to get $50 FREE with Crypto.com?

  1. Click on our referral link for Crypto.com
  2. Complete signup and pass KYC
  3. Stake at least 1,000 (200 USD) CRO for CRO Visa Card
  4. Referral code: mcmk7qgbhh
     

How do I apply for a CRO VISA card?

 

  • Sign Up

Download the Crypto.com, complete the KYC and sign up for the CRO VISA card. The Crypto.com App is available both for Iphone and Android.

 

  • Purchase CRO tokens

You need to stake CRO tokens to receive a CRO VISA card according to the table with the different types of VISA card stated above in this article. CRO tokens can be purchased directly in the Crypto.com App:

 

  1. with your credit card (Visa/Mastercard)
  2. bank transfer via SEPA (EUR), ACH (USD), SWIFT, fiat top-up

You can also purchase CRO on crypto exchanges, such as Bittrex. If you buy the CRO tokens on an external exchange you need to deposit them into your Crypto.com Wallet to stake them for a CRO VISA card.

 

  • CRO Staking for MCO VISA card

You have to lock up your CRO for 6 months and after this you will be able to unlock and transfer the staked CRO tokens back to the Crypto.com App. You can either sell them for another cryptocurrency or continue to lock them to enjoy additional features.

 

The CRO card usage and benefits (Card Cashback, LoungeKey™ Access, fee-free ATM withdrawal limits and Interbank Exchange Rates) will remain the same, no strings attached. 

 

  • Shipment of the CRO VISA card

You will be prompted to update the app and stake the CRO when the CRO VISA card is ready for shipment, if you don’t already have done this.

How do I activate my MCO card?

When you have received your CRO VISA card you must activate it. Complete these steps:

 

  1. Click on the card icon in the applower right hand corner)
  2. Click on “Activate My Card” button
  3. Enter you 3 digit CVV. You find this on the backside of your CRO VISA card
  4. Create and enter your personal PIN code*
  5. Top up your CRO VISA card.

*All EU & UK cards come with a preset 4-digit PIN.  This view-only PIN can be found under Card > Settings.  Setting a personalised PIN can be done at a VISA ATM.

How to get $50 FREE with Crypto.com?

  1. Click on our referral link for Crypto.com
  2. Complete signup and pass KYC
  3. Stake at least 1000 CRO (200 USD) for CRO Visa Card
  4. Referral code: mcmk7qgbhh
     

When will I receive CRO cashback?

You will earn CRO tokens cashback for every purchase you make and it will be credited immediately after the purchase. Those CRO tokens are not created out of thin air but is bought from exchanges using Crypto.com´s trading algorithm.

The post What is Crypto.com CRO Visa Card? Referral Code $50 appeared first on Cryptocoinzone.

Source: https://www.cryptocoinzone.com/okategoriserade/what-is-crypto-com-mco-visa-card/

Blockchain

Bitcoin dominance is an irrelevant metric unless…

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The volatile cryptocurrency market has given way to multiple metrics for the market observers to analyze and predict what’s coming next. One such metric has been Bitcoin dominance, but as per Su Zhu, it should not be relevant to you unless you are a billionaire.

How so?

The CEO of Three Arrows Capital opined this after noticing the trend of the newcomers avoiding Bitcoin and Ethereum and opting for risky crypto tokens. When the largest digital asset was stuck in a wider correction period, altcoins like Dogecoin [DOGE] grabbed much attention. This was possible due to the hype created by Tesla CEO or, self-proclaimed “doge-father,” Elon Musk and the Doge community.

However, understanding the newcomers’ enthusiasm Zhu opined that if he were to bet on projects now, he would choose Solana and Avalanche.

Despite the popularity of altcoins, the exec remained bullish on Bitcoin and Ethereum as he expected, the former to flip gold’s market cap, and the latter to eventually hit a value above $25,000. Bold predictions, but nothing we haven’t heard before.

However, newcomers were more bothered about the dominance metric but as data suggested, Bitcoin dominance has recently been falling. The dominance was hit earlier but recovered to form a peak at 49.25% on 30th July. But given the correction phase that followed, the dominance of BTC fell and was last noted to be at 40% on 10th September.

It is interesting to note that despite plenty of adoption related news such as that of El Salvador, coming in over the past few weeks, it looks like the dominance has remained unaffected by it.

Source: CoinMarketCap

Twitter user and crypto enthusiast, @HsakaTrades also noted that Bitcoin dominance was not a relevant metric for anyone who has a “sub mid 9fig portfolio]. Agreeing with Hasaka, Zhu added,

“To clarify, if you’re holding for 5+ yrs, you shouldn’t be thinking about btc dominance in the first place. And obv btc and eth have a strong place in that portfolio.

If you’re allocating actively atm, and think debating btc v eth v alts is a good framework, you’re ngmi.”

While this advice could stand true for experiences, long-term trader interested in making money, but not the ones looking out to invest in tech. This was especially highlighted in the comments wherein the crypto users were upset about the CEO’s Solana [SOL] recommendation that recently witnessed an outage.

Nevertheless, the trading advice and strategies differd from trader to trader and Zhu’s opinion to not focus on the BTC dominance, prebably stemmed from a hodlers perspective. While interesting projects were now erupting in the crypto space, it looks like Bitcoin’s dominance, not only in terms of price, but as a crypto project could be challenge.

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Source: https://ambcrypto.com/bitcoin-dominance-irrelevant-for-anyone-not-10figs

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Blockchain

Millions of Dollars Raised Through Solana’s DeFi Projects

Millions of Dollars Raised Through Solana's DeFi Projects

PAI, an algorithmic stablecoin, backs Parrot Protocol. Grape Protocol was the primary source of the downtime. Solana has been up

The post has appeared first on thenewscrypto.com

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  • PAI, an algorithmic stablecoin, backs Parrot Protocol.
  • Grape Protocol was the primary source of the downtime.

Solana has been up nearly 3200% since August. Investors’ interest in Ethereum rival systems featuring DeFi, NFT, and smart contract services has risen dramatically.

The software applications that simulate legal contracts are smart contracts. Once housed on a blockchain network, the software application will run automatically without human intervention.

This month, Solana’s DeFi initiatives raised millions of dollars. This is another proof of Solana’s potential to compete with Ethereum. Currently, Ethereum has the most DeFi and NFT projects.

Bots raced to invest in a token sale for Grape Protocol over flooded the blockchain, causing Solana to collapse for 17 hours on Tuesday. Let us take a look at the few IDO that helped raise millions.

Grape Protocol

Grape Protocol, the primary source of the downtime, managed to raise just $600,000 on Raydium’s “Acceleraytor.”

Tokenized communities may use Grape Network to connect to platforms like Discord, Telegram, and soon twitter to collaborate over Solana and reward members with crypto.

Parrot Protocol

Parrot Protocol is based on Solana. Investors in the Initial DEX offering included Sino Global Capital, Alameda Research, and QTUM VC. Moreover, to put it simply, Parrot is a non-custodial lending platform and decentralized exchange.

PAI, an algorithmic stablecoin, backs Parrot. Furthermore, Parrot offered a governance token called PRT in its IDO. Thus, allowing investors to vote on the protocol’s operation and farm yields on Solana without affecting other Layer 1 blockchains.

Solana’s failure impacted Parrot’s IDO, but it was resolved by Sept. 16. Moreover, the team said it would start working on PRT staking, NFTs, and adjustable interest rates in “Letter from the Parrot.”

Several Solana initiatives will be launched in the next day’s/weeks. Examples include Solanium, Boca Chica, and Solstarter. On Solanium, whitelisted users may buy MatrixETF.

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Source: https://thenewscrypto.com/millions-of-dollars-raised-through-solanas-defi-projects/

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Blockchain

Cosmos (ATOM) Lead Market-Wide Rally

Cosmos (ATOM) Lead Market-Wide Rally

Cosmos’ creators call it an “internet of blockchains.” ATOM also launched a bridge to Ethereum at the end of August.

The post has appeared first on thenewscrypto.com

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  • Cosmos’ creators call it an “internet of blockchains.”
  • ATOM also launched a bridge to Ethereum at the end of August.

Cosmos (ATOM) blew up 10.74 percent overnight to establish a new price of $39.58, according to CoinMarketCap. It surpassed $40 yesterday, reaching $40.76. Despite today’s minor decline, Cosmos’ price was still ten dollars more than seven days ago, and twenty dollars higher than this time last month.

Its creators call it an “internet of blockchains.” It’s an interoperability network that allows various blockchains to connect, exchange data, and interact with one another.

In short, Cosmos claims to address some of the “hardest problems” in the blockchain sector. It seeks to provide an alternative to “slow, costly, unscalable, and ecologically harmful” proof-of-work protocols like Bitcoin by connecting blockchains. On August 18, Cosmos rose 25% from $15 to $20 after the introduction of Emeris, a cross-chain DeFi interface.

It also launched a bridge to Ethereum at the end of August. The inter-blockchain communication protocol (IBC) allowed trade across the Cosmos and Ethereum networks for the first time, along with the integration of Sifchain.

Cosmos Might Soon Over Take FTX Token

Cosmos is “Blockchain 3.0” — thus, as previously said, ease of usage is a significant objective. To this aim, the Cosmos SDK emphasizes modularity. This enables a network to be created quickly using existing code. Long term, it is anticipated that sophisticated applications would be simple to build.

Cosmos now has the twenty-first largest market value, but at this pace, it would only take $0.8 billion to flip FTX Token and make a bold entry into the top twenty.

Some in the crypto sector, much worried about the amount of fragmentation in blockchain networks. There are hundreds, yet few can converse. Cosmos wants to change this by making it feasible.

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Source: https://thenewscrypto.com/cosmos-atom-lead-market-wide-rally/

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