Hong Kong, 5 May 2020 As the world is counting down for the Bitcoin Halving on May 12th, Crypto.com announced last week the BTC Halving Special on Crypto.com Exchange, featuring BTC at 50% off with $1M USD allocation. Unlike previous events hosted on the Syndicate of Crypto.com Exchange, no CRO staking is required and all Crypto.com Exchange users are welcome to participate!
“This is not the first Bitcoin Halving. To keep the release of new tokens steady, the miners’ reward is cut by 50% every 210,000 blocks. Historical halvings have resulted in mid-to-long term price appreciation as well as price increases leading to the event. There were also unpredictable short term price movements following each event. The upcoming Bitcoin halving will basically cut by half the rewards that miners validating transactions on the network get, from 12.5 BTC to 6.25 BTC. This means the inflation rate for Bitcoin will decrease from 3.68% to 1.80%”, according to Crypto.com’s COO, Eric Anziani.
To celebrate this special day, the BTC Halving Special will commence on Tuesday, 12 May 2020 6 am UTC on the Crypto.com Exchange. The maximum allocation for BTC subscription is subject to the amount of CRO staked on the exchange. For users on the Crypt.com Exchange with no CRO staked, you can get up to $200 USD of BTC allocated.
Crypto.com is also giving away a total of $100,000 USD of BTC on Twitter every day from now until May 12th. For details, click here.
About Crypto.com
Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 2 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy, and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013, and PCI: DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 250+ strong team. Find out more by visiting https://crypto.com.
For press inquiries: press@crypto.com
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.