We are excited to introduce the upgraded CRO Rewards Program, designed to offer users improved benefits on the crypto exchange. This enhancement provides lower trading fees, higher annual percentage rates (APRs), and attractive fee rebates, making it more rewarding to hold and use CRO tokens.
Overview of New CRO Rewards
The revamped program replaces the previous CRO Lockup system with a more flexible and rewarding structure. Users can now enjoy a range of benefits based on their CRO balance, including trading fee discounts, margin trading advantages, and earning opportunities through soft lockup and lockup mechanisms.
Soft Lockup Trading Benefits
Holding CRO tokens on the exchange unlocks various trading benefits. The table below outlines the discounts and rebates available at different balance tiers:
| CRO Balance | ≥ 1,000 | ≥ 5,000 | ≥ 10,000 | ≥ 50,000 | ≥ 100,000 | ≥ 500,000 | ≥ 1,000,000 | ≥ 5,000,000 |
|---|---|---|---|---|---|---|---|---|
| Maker Fee Discount | 3% off | 5% off | 8% off | Zero Fees | 0.01 bps Rebate | 0.02 bps Rebate | 0.05 bps Rebate | 0.10 bps Rebate |
| Taker Fee Discount | 3% off | 5% off | 8% off | 12% off | 15% off | 20% off | 25% off | 30% off |
| Margin Trading Benefits* | Not available | Up to 10% lower interest rate | Up to 10% lower interest rate | Up to 10% lower interest rate | Up to 10% lower interest rate | Up to 10% lower interest rate | Up to 10% lower interest rate | Up to 87% lower interest rate |
*Subject to jurisdictional limitations.
Soft Lockup and Lockup Rewards
In addition to trading benefits, users can earn rewards through soft lockup and lockup options. The APRs vary based on the CRO amount:
| CRO Balance | ≥ 1,000 | ≥ 5,000 | ≥ 10,000 | ≥ 50,000 | ≥ 100,000 | ≥ 500,000 | ≥ 1,000,000 | ≥ 5,000,000 |
|---|---|---|---|---|---|---|---|---|
| CRO Lockup Rewards (APR) | 0% | 0% | 2% | 4% | 6% | 8.5% | 9% | 9.5% |
| CRO Soft Lockup Rewards (APR) | 0% | 0% | 0.50% | 1.00% | 1.50% | 2.00% | 2.50% | 3.00% |
Key Features of the Program
Soft Lockup Benefits
- Users with a minimum of 1,000 CRO are eligible for maker and taker fee discounts.
- Holding at least 5,000 CRO qualifies users for lower margin trading interest rates, where available.
- Enabling Soft Lockup allows users to earn up to 3% APR, depending on the amount of CRO held.
Lockup Benefits
- APRs for lockups starting from 10,000 CRO have been increased, providing higher returns for committed holdings.
- Existing users need to relock their CRO to access the new APR rates.
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Frequently Asked Questions
What is the difference between soft lockup and lockup?
Soft lockup allows users to retain flexibility while earning rewards, whereas lockup involves committing tokens for a fixed period to access higher APRs. Both options provide benefits based on the amount of CRO held.
How do I qualify for trading fee discounts?
Holding a minimum of 1,000 CRO on the exchange automatically makes you eligible for maker and taker fee discounts. The discount percentage increases with higher CRO balances.
Are margin trading benefits available globally?
Margin trading benefits, including lower interest rates, are subject to jurisdictional limitations. Users should check local regulations to determine availability.
Can I change my CRO balance tier after signing up?
Yes, your benefits and rewards are dynamically updated based on your current CRO balance. Increasing your balance can unlock higher tiers with better perks.
Do I need to relock my CRO to get the new rates?
Existing users with locked CRO must relock their tokens to enjoy the increased APRs. The process is straightforward and can be completed through the exchange interface.
Is there a minimum period for lockup?
Lockup periods vary, but typically involve committing tokens for a fixed duration to access the highest rewards. Specific terms can be found in the program details.
The enhanced CRO Rewards Program offers a compelling way to maximize returns and reduce trading costs. By holding CRO, users can access a suite of benefits designed to improve their overall trading experience.