Called Crypto.com Capital, the fund has $200 million to invest in promising startups.
Crypto.com Capital will conduct funding rounds with investments ranging from $100,000 to $3 million for seed stage startups and $3 million to $10 million for those in the Series A stage.
The crypto.com exchange platform
Crypto.com is a centralized exchange platform, or CEX. The exchange claims to offer lower fees than the competition and to have the best execution prices.
Within this particular exchange, we find the Syndicate, which is a marketplace where it is possible to buy tokens from projects that the crypto.com teams have deemed interesting. These tokens are then offered at a reduced price, if you meet certain conditions, notably temporal (to be there at the right time, when the offer is in progress) and monetary (to have a certain quantity of CRO staked). Thus, tokens at reduced prices are exchanged for …. CRO!
The existence of a mobile application crypto.com
The mobile application allows you to access almost all the features of the crypto.com platform. It also allows you to manage your wallets and what they contain but also to monitor the evolution of the crypto-currencies prices. The application also gives access to different services that we will list next.
Crypto.com : Earn
This system called Crypto Earn is based on the fact that many crypto-currencies, different from the CRO, can be staked and thus bring interest. Thus, via crypto.com you can stake crypto-currencies and earn interest which is proportionally boosted by the amount of CRO you hold. The more CROs you stake on the platform, the higher the interest generated by the staking of all your crypto-currencies. However, this system requires a minimum investment, meaning that there is a minimum amount of capital that one must have in order to benefit from the Crypto Earn features. These amounts vary depending on the different crypto-currencies.
Crypto-card soon to be more accessible
Alongside this initiative, Crypto.com has made a decision that will delight followers of the platform who do not yet have crypto-cards. The company’s flagship product, this crypto-card that allows you to receive cashback will soon be much easier to acquire. At the time of writing, obtaining the first card in the Metal range requires the staking of 5,000 CRO tokens, or nearly 750 euros.
As of March 19, the staking requirements for the Crypto.com card will be expressed in local currency instead of fixed amounts of CRO tokens. This will keep the requirements for obtaining these cards consistent and ensure that the potential rise in the CRO price does not penalize those interested.
