In the dynamic world of digital finance, platforms continuously evolve to offer users more value and flexibility. A significant update has been introduced to the Crypto Earn program, enhancing how rewards are calculated for fixed-term allocations. This new structure aims to provide competitive yields while accommodating a growing list of supported digital assets.
Understanding the Tiered Rewards System
The tiered rates structure is designed to reward users based on the total value of their assets committed to fixed-term allocations. This change allows the platform to sustain attractive interest rates across a diverse portfolio of cryptocurrencies.
How the New Tiers Work
Under the new system, rewards are calculated using two distinct tiers:
- Tier 1: The full advertised reward rate is applied to the first $30,000 USD equivalent allocated to fixed-term products (1-month and 3-month terms).
- Tier 2: Any fixed-term allocation amount that exceeds the $30,000 threshold will earn rewards at a rate of 50% of the full Tier 1 rate.
It is important to note that assets held in flexible-term allocations do not contribute to this $30,000 tier calculation. Their rewards continue to be calculated separately under their own rate structure.
Effective Dates and Grandfathering
The new tiered system became effective for all new fixed-term allocations starting April 4, 2022. Importantly, any fixed-term allocations made before this date remain unchanged and will continue to earn their originally agreed-upon rate until their term concludes. However, the value of these existing allocations will count toward your total when determining if you have reached the $30,000 Tier 1 threshold for new deposits.
Concurrent Updates to Token Rates
In addition to the structural change, reward rates for several specific tokens were adjusted. These rate revisions were implemented on two separate dates:
- March 26, 2022: Updates affected LUNA, EGLD, ATOM, ETH, BTC, and various stablecoins.
- April 4, 2022: Updates specifically affected DOT and MATIC.
Users are encouraged to consult the official platform documentation for the most current and precise annual percentage yield (APY) information, as rates are subject to change based on market conditions.
What Stays the Same?
Despite these updates, several key features of the Crypto Earn program remain unchanged:
- Term Options: Users still have the same flexibility with three holding term choices: Flexible, 1-Month fixed, and 3-Month fixed.
- CRO Stake Bonus: The benefit of earning a higher reward rate by staking the platform's native token, CRO, continues unchanged.
- Private Member Benefits: Members of the exclusive private tier continue to receive an additional 2% per annum on all their fixed-term allocations, a bonus that is paid out in CRO.
This combination of new tiered rates and consistent benefits allows users to strategize their earnings based on their portfolio size and risk preference. For those looking to dive deeper into advanced earning strategies, a wealth of information is available. 👉 Explore optimized earning strategies
Frequently Asked Questions
Q1: Do my existing fixed-term deposits get moved to the new tiered rates?
No, your existing fixed-term allocations are "grandfathered" in. They will continue to earn the original rate you agreed to until the end of their term. However, their value is included in the total used to determine which tier your new deposits fall into.
Q2: How can I maximize my earnings under this new system?
To maximize returns, consider distributing larger portfolios across different fixed-term products or exploring other yield-generating services on the platform. Utilizing the CRO staking bonus is also a highly effective method for boosting your overall APY.
Q3: Are flexible-term earnings affected by this change?
No, this update exclusively pertains to fixed-term allocations (1-month and 3-month). The calculation of rewards for flexible-term products operates under a separate, unchanged structure and does not contribute to your fixed-tier quota.
Q4: Where can I find the most up-to-date reward rates?
Reward rates are dynamic and can change. The platform's official help center and product pages provide the most current and accurate APY information for all supported tokens and term lengths. Always refer to these sources for the latest data.
Q5: Does the tier calculation consider the value of all my cryptocurrencies?
The tier is calculated solely on the US dollar equivalent value of your assets that are actively allocated to fixed-term products within the Earn program. It does not include the value of tokens in your spot wallet, in flexible terms, or used in other parts of the platform like trading or lending.
Staying informed about these changes empowers you to make the most of your digital assets. By understanding the tiered structure, you can better plan your investment strategy to optimize passive income streams. For a detailed breakdown of current offerings 👉 View real-time earning tools