Crypto.com SHIB Supercharger

Crypto.com Supercharger Review: Beginners Guide

Written by LouiseElizabeth

13th May 2021

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Crypto.com launched Supercharger on their exchange in September 2020. The first project to launch on Supercharger was UniSwap with an impressive $500,000 USD allocation. Their latest Enjin Supercharger is their biggest event, with an allocation of $2,000,000 USD, providing a massive 22.84%.

Supercharger is a simple, flexible and secure liquidity mining platform for the most popular cryptocurrency projects, such as UniSwap, Polkadot and Bitcoin. Users receive tokens (as rewards) for depositing CRO tokens into the Supercharger pool. Any verified Crypto.com Exchange user is eligible to participate as long as you have some CRO to deposit!

In this Supercharger review, I explain the whole process of how Crypto.com Supercharger works, from buying and depositing CRO to then claiming your rewards.

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What is Crypto.com Supercharger?

Supercharger is a simple, flexible and secure liquidity mining platform for the most popular crypto projects. The platform was created by Crypto.com the one-stop-shop for crypto. Supercharger, available via the Crypto.com Exchange enables Crypto.com users to deposit CRO and farm coins from the most popular crypto projects.

The platform is simple to use and requires only a single click. Simply deposit the Crypto.com CRO token into the Supercharger in order to mine tokens and earn daily rewards.

what is crypto.com supercharger

How does Supercharger work?

When a Supercharger event is in the “Charging Period”, users can deposit and withdraw tokens from the liquidity pool as often as they want. A charging period is between 30-45 days. Plus there’s a minimum deposit of 100 CRO which users can deposit from their Crypto.com exchange spot wallet

How does supercharger work crypto.com

Then the “Reward” or “Distribution Period” is for the next 30-45 days and starts after the Charging Period.  Users’ rewards are based on the liquidity score they accumulated during the Charging Period. Rewards are distributed evenly on a daily basis during the Reward Period and are prorated based on a user’s share of the total liquidity pool. These tokens are sent back to your Crypto.com exchange spot wallet.

So, all you need to do is deposit your tokens into the liquidity pool and charge for the duration of the charging period. Then you will receive reward tokens every day during the Rewards Period.

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What Tokens Can I Earn with Supercharger?

With Supercharger, you can farm some of the most popular cryptocurrency and DeFi projects. The first project that ever launched on Supercharger was the Uniswap UNI token with a 500,000 USD allocation.  They’ve since launched successful events with the likes of  Polkadot, DOGE and Bitcoin.

Their latest project is with Enjin (ENJ). This is their largest ever token allocation of $2M, plus their highest estimated returns. Previous events had APYs at around 2 or 4% (with the highest rate of 13% for Uniswap). However, the Enjin event has an estimated APY currently sitting at just over 21%.

Tokens to farm with supercharger

Who Can Use Supercharger?

Any Crypto.com App or Exchange user can use Supercharger. Except for residents and citizens of Hong Kong SAR, Mainland China and the USA. If you don’t already have a Crypto.com account click here.

To get started, you’ll need to be verified to starter level or above. Plus, you’ll need to have some CRO available in your exchange spot wallet to deposit.

Minimum Deposit

With Supercharger, there is a minimum deposit of 100 CRO per deposit. Users are allowed to make multiple deposits too without any costs. There is no maximum limits of CRO that you can deposit.

How to deposit in Supercharger

Supercharger Fees

The Crypto.com Supercharger platform boasts zero fees. You will need some CRO to deposit. However, unlike a lot of liquidity mining platforms, there are no gas fees to pay. Meaning no extra costs eating into your profits.

Where Can I Buy CRO Tokens?

If you don’t have any CRO to deposit into the Supercharger, you can trade for these using the crypto.com exchange site (or app) where they have a range of trading pairs available for CRO.

Alternatively, you can use their “DEFI Swap” platform. However, just be aware that tokens deposited as liquidity in the pool will not count as staking.

Where to buy CRO Tokens?

How Is the Liquidity Score Calculated?

Crypto.com take an hourly snapshot of the liquidity provided, per user. Throughout the “Charging Period”, one snapshot of the liquidity pool would be taken every hour and the liquidity provided by each user is logged.

Then they calculate the total liquidity provided per user. At the end of the Charging Period, they add up the liquidity provided by each user every hour during this period.

What is the Acceptance Period?

The acceptance period is a really important part of Supercharger. This is because it can effect the number of rewards you will recieve.

Immediately after the charging period ends they’ll determine your liquidity score and the rewards you’ll receive. Once this is confirmed, you have the option to accept it any time before the “Acceptance and Reward Period” starts.

how to accept supercharger rewards

To ensure that you receive your the full reward amount allocated to you, its important that you log in to the exchange and accept before reward distribution begins.

If you fail to accept your reward allocation (before reward distribution begins) you lose a portion of your rewards. to be distributed. If this happens you’ll still be entitled to the remaining portion of your reward allocation. However, you will need to log into the exchange and accept your reward allocation.

How to Accept Your Supercharger Rewards

To receive the full reward allocation, you’ll need to log into the Crypto.com Exchange site and accept your rewards. This can only be done once the charging period is complete.

  • Firstly, log in to the Exchange and head to your “Balances”. Then click on “Supercharger”.
  • Ensure that the “Supercharger” tab is selected on the left and locate the event.
  • Simply, accept your allocation by ticking the box and your rewards will then be issued daily.

Crypto.com Exchange

Supercharger is just one of the many features that Crypto.com Exchange has to offer. If you want to find out more information on the likes of Markets, The Syndicate, or the Trading Arena. To find out more information on the Exchange or to sign-up to Crypto.com click here.

Crypto.com Exchange Review
LouiseElizabeth
Written by LouiseElizabeth

Louise created the Every Bit Helps YouTube channel back in 2017, after finding the process of buying Bitcoin difficult. Therefore, in an aim to help others, she hopes that her tutorials will make the process of buying, selling and storing crypto a lot easier for newbies in the future.

After spending 20 years working in London in cyber security, she left the corporate life after having her second child in 2018. Louise now travels the world with her two small children trying to make the most out of life.

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