Crypto.com Soft Lockup is another way to earn rewards simply by holding a balance in your Crypto.com Exchange wallet.
Note: The Exchange wallet is different from your App wallet. For free and instant transfer of funds from your App to your Exchange wallet, please follow these steps. How to deposit cryptocurrency to my Crypto.com Exchange wallet (Crypto.com App Wallet Address).
“CRO Lockup” is different as it requires you to lock up a minimum of 1,000 CRO for 180 days on Crypto.com Exchange. CRO Lock up is rewarded with its own range of benefits: tier-based APR of up to 8%, trading fee benefits (zero maker fees and maker fee rebates from locking up more than 50,000 CRO) & Syndicate access. Locked up CRO can not be withdrawn until the committed 6 months duration is complete.
Crypto.com Soft Lockup rewards Exchange users with available tokens including BTC. It offers more flexibility by rewarding you based on your daily Exchange wallet balances with no commitment period required, while extra rewards apply to those who are actively CRO locking up.
Users of the Exchange can use this feature except for citizens and residents of Hong Kong SAR, Switzerland, and Malta.
For more information about our Account Verification, please see Account Verification- Levels.
Exclusive Soft Lockup Rewards are another form of soft locking up, where selected tokens would have:
Increased APR
Unlimited lockup balance for users (users can gain interest on more than the current limit)
No minimum threshold for soft lockup
This is offered to our VIP users and Market Making participants.
In order for you to receive daily interest paid out, you will need to opt in.
Note: “Enable Soft Lockup” applies to both exclusive soft lockup rewards and earn rewards for our Institutional and VIP users.
Log in to your Exchange account.
Navigate to the Lockup & Earn page, and select Soft Lockup.
To opt-in, switch the toggle on.
Acknowledge the T&Cs by checking the checkbox, then agree to proceed.
That’s it! Make sure your balance in your Exchange account is greater than or equal to the required minimum holdings, and start to see your funds accumulate!
If you opt out, you will not receive interest effective immediately.
Log in to your Exchange account.
Navigate to the Lockup & Earn page and select Soft Lockup.
To opt out, turn off the toggle.
A pop-up will appear - in order to opt out, select “Confirm to cancel”.
You have been opted-out.
We will calculate daily rewards according to the snapshots of the currency held by users at 22:00:00 UTC each day.
The snapshot will include your funds under Available and In Order. This means funds that in order due to trade and subscribe to Syndicate sales will also be counted - trade away!
Daily interest will be calculated with the below formula:
Daily Interest = Balance x (APR/365)
It will be distributed to your token’s balance within an hour after 00:00:00 UTC if you have opted in and your balance is greater than or equal to the minimum threshold.
You can view your daily earnings in the Lockup & Earn section under Earnings History.
Minimum holdings to be eligible for interest calculation and payout; if your daily minimum balance is lower than the minimum requirement, no interest will be calculated for that day
Different interest rates are based on how much CRO you've locked up on the Exchange (6-month commitment period). Please refer here:
Asset | Minimum Holdings | Interest Rates | Interest Rates |
<100,000 CRO Locked up | > 100,000 CRO Locked up | ||
BTC | 0.02 | 0.25% | 0.75% |
USDT | 200 | 2.00% | 4.00% |
USD* | 200 | 2.00% | 4.00% |
XRP | 800 | 0.50% | 1.00% |
LTC | 4.5 | 0.50% | 1.00% |
EOS | 80 | 0.50% | 1.00% |
XLM | 2,750 | 0.50% | 1.00% |
LINK | 22 | 0.50% | 1.00% |
XTZ | 95 | 0.50% | 1.00% |
BCH | 1 | 0.50% | 1.00% |
VET | 18,000 | 0.50% | 1.00% |
ICX | 530 | 0.50% | 1.00% |
ENJ | 1,350 | 0.50% | 1.00% |
ALGO | 650 | 0.50% | 1.00% |
KNC | 215 | 0.50% | 1.00% |
NEO | 12 | 0.50% | 1.00% |
DAI | 200 | 2.00% | 4.00% |
PAXG | 0.1 | 0.50% | 1.00% |
BAT | 950 | 0.50% | 1.00% |
COMP | 1.8 | 0.50% | 1.00% |
OMG | 60 | 0.50% | 1.00% |
MKR | 0.4 | 0.50% | 1.00% |
BAND | 36 | 0.50% | 1.00% |
ONE | 3500 | 1.00% | 2.00% |
* Crypto.com Exchange USD Bundle
Maximum limit; Only the first $10,000 USD or $100,000 USD equivalent in token balance will be used to calculate your daily interest. Excess balance will not be rewarded with interest.
Max Limit | Max Limit | Max Limit |
CRO Locked up Tiers | <100,000 CROs locked up | ≥100,000 CROs locked up |
Amount per token | First USD $10,000 worth | First USD $100,000 worth |
For different interest rates on Exclusive Soft Lockup rewards, refer to this table:
Asset | Exclusive Interest Rewards |
ONE | 4% |
Note: The Crypto.com Soft Lockup is not a derivative product. Interest that you receive through Crypto.com Soft Lockup is not linked or affected by any external factors, such as the price/exchange rates of other crypto assets.
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As an enthusiast and expert in the field of cryptocurrency and blockchain technology, I've closely followed the developments in the crypto space, including innovative features and offerings from various platforms. Today, I'll delve into the concept of Crypto.com Soft Lockup and provide a comprehensive overview of its key components.
Crypto.com Soft Lockup: Unlocking Rewards Through Balance Holding
1. Crypto.com Exchange Wallet Distinction:**
- Users can earn rewards through Crypto.com Soft Lockup by holding a balance in their Crypto.com Exchange wallet, which is distinct from the App wallet.
2. CRO Lockup:
- In contrast to Soft Lockup, CRO Lockup requires users to lock up a minimum of 1,000 CRO for 180 days on Crypto.com Exchange.
- Rewards for CRO Lockup include tier-based APR of up to 8%, trading fee benefits, and Syndicate access. Locked-up CRO cannot be withdrawn until the committed 6-month duration is complete.
3. Crypto.com Soft Lockup Rewards:
- Rewards users with available tokens, including BTC, based on daily Exchange wallet balances.
- Offers flexibility with no commitment period required.
- Extra rewards are available for those actively participating in CRO Lockup.
4. User Eligibility:
- Users of the Crypto.com Exchange, excluding citizens and residents of Hong Kong SAR, Switzerland, and Malta, can utilize the Soft Lockup feature.
5. Exclusive Soft Lockup Rewards:
- Available to VIP users and Market Making participants.
- Selected tokens under Exclusive Soft Lockup may have increased APR, unlimited lockup balance, and no minimum threshold for soft lockup.
6. Opting In and Out:
- Users can opt into Soft Lockup by navigating to the Lockup & Earn page and switching the toggle on.
- Opting out is also possible, and users will not receive interest immediately upon opting out.
7. Interest Calculation and Payout:
- Daily interest is calculated based on the formula: Daily Interest = Balance x (APR/365).
- Payouts occur within an hour after 00:00:00 UTC if the user has opted in and the balance is greater than or equal to the minimum threshold.
8. Minimum Holdings and Interest Rates:
- Different interest rates apply based on the amount of CRO locked up on the Exchange during the 6-month commitment period.
- Minimum holdings are required for interest calculation and payout.
9. Maximum Limit:
- Only the first $10,000 USD or $100,000 USD equivalent in token balance is used to calculate daily interest.
10. Exclusive Soft Lockup Rewards Limits:
- Different interest rates apply to Exclusive Soft Lockup rewards, depending on the asset.
11. Crypto.com Soft Lockup Not a Derivative Product:
- Emphasizes that Crypto.com Soft Lockup is not a derivative product, and the interest received is not linked or affected by external factors such as the price or exchange rates of other crypto assets.
Conclusion
The Crypto.com Soft Lockup presents a versatile and rewarding feature for users, offering various options for earning based on holding balances and participation in lockup programs. It adds a layer of flexibility and accessibility to the crypto ecosystem, catering to different user preferences and strategies.
