- Crypto.com is getting ready to list Polkadot.dot, which will take place on November 10th.
- To celebrate the move, Crypto.com planned an event where CRO stakers can buy DOT at a 50% discount.
- Some details of the event have yet to be released, but a lot was already explained so that users can prepare.
Crypto.com, a major cryptocurrency exchange, recently revealed details regarding the upcoming listing of Polkadot (DOT). The announcement reveals that the event will take place on November 10th, and that DOT will be paired against USDT and CRO.
Polkadot (DOT) is about to arrive at Crypto.com
The listing of Polkadot on Crypto.com exchange has been awaited for a long time now, and since it has finally arrived — Crypto.com wishes to celebrate the listing with an event.
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As part of it, the exchange will conduct a 24-hour DOT discounted sale. The event will start on the day of the listing, and it will allow CRO stakers to buy $250,000 worth of DOT at a 50% discount.
According to the announcement, every Crypto.com DOT Syndicate participant will have to provide a certain amount of CRO towards the event. But, the exchange decided to put a cap on the maximum amount. The exchange came up with the limit based on the trading volume over the last 30 days, and the amount of CRO that was staked.
The maximum allocation will be revealed on the day of the listing, although the table of what can be expected is already available, as part of the current announcement.
Details about the event
One thing that is known is the minimum amount of CRO staking in order for users to participate. That amount is 5,000. Also, the staked CRO can’t be used for subscribing for DOT, so users should keep that in mind, as well.
The event is scheduled to start on November 10th, at 6:oo UTC. The subscription period will last for 24 hours. After one week, participants will get another 24 hours for accepting the final allocation. This is scheduled to take place on November 18th of this year.
Users will be able to find out about the final allocation amount on the Details page of the Syndicate, but they will also receive a notification via email, which is expected to arrive 7 days after the end of the sale. The allocation amount is non-negotiable, and participants will have to accept it, after which, the exchange will refund the CRO balance that was left unused. Finally, if the users fail to take action within 24 hours, the allocation will forfeit.