Crypto.com Black Friday Deal with 2X Pay Rewards
In an official blog post published on November 26, 2021, Crypto.com announced a Black Friday gift card sale. Lasting throughout the weekend, consumers of Crypto.com’s gift cards can earn double pay rewards and receive up to 10% back, paid in CRO (the native token of Crypto.com Chain that includes the popular crypto trading platform).
Gift cards related to Crypto.com’s Black Friday promotion are available for a number of brands, including Amazon, Nike, PlayStation and Xbox. The promotion period ends on November 28th at 13:00 UTC.
Users can maximize the rewards they receive by staking CRO in the app or on the exchange. Users can visit Crypto.com App – CRO Staking or Crypto.com Exchange – CRO Staking through the button below for specific details. Pay rewards will be received immediately upon your purchase using Crypto.com Pay.
Other offers and promotions are not valid with the Black Friday campaign. Crypto.com reserves the right to change the campaign rules at their sole discretion.
The sale takes place as prices fall across the cryptocurrency market. Bitcoin, for example, experienced a 5% drop over the past 24 hours. The fall in prices mirrors the broader stock market as fears of a new Covid-19 variant stoke a selloff across asset classes.
Other popular coins immediately affected by the news include Binance Coin (BNB), Solana (SOL) and Cardano (ADA). The total coin market cap has experienced a drop of approximately $200 billion over the last week.
The price of CRO, however, has nearly doubled in the same time period. The token soared as the company secured exclusive naming rights for the Staples Center in Los Angeles. The new name, Crypto.com Arena, will be unveiled on Christmas day, 2021 as the Lakers host the Brooklyn Nets in the NBA’s Christmas showcase.
The 20 year deal worth $700 million has boosted participation in the space, mitigating some of the damage caused by the recent sell-off. Whether or not Crypto.com can keep these gains given the news concerning Covid-19 remains to be seen.
CRO has a current market cap near $17.5 billion at the time of writing. It is currently the 13th largest cryptocurrency by market cap. You can buy CRO on a growing number of trading platforms, including Crypto.com, Okex, Huobi Global and FTX.
Disclosure: The author owns a range of cryptocurrencies at the time of writing