- The campaign runs between 19 November and 3 December.
- Eligible users should buy or deposit SOL worth over $50 using the Crypto.com App.
- The top 2,000 participants will receive $10 in ETH each.
While the broader market seeks footing, with Bitcoin at $90,000, Crypto.com has announced a remarkable opportunity for its users.
The exchange took it to X on November 19, to confirm the official launch of the SOL App Campaign, which offers $20,000 Ethereum reward pool for participants who interact with SOL.
Solana has been among the hottest tokens the past month, propelled by its reputation, flourishing Web3 and DeFi projects, and scalability.
Crypto.com’s campaign invites newcomers and experienced traders interested in navigating the Solana blockchain.
How does the SOL App Campaign work?
The initiative requests individuals to buy or deposit SOL tokens into the Crypto.com App throughout the campaign period.
The exchange will rank users based on their returns from the Solana deposits and purchases.
Meanwhile, the top 2,000 participants will receive ETH worth $10 each, credited to their Crypto.com App accounts within three months after the campaign concludes.
Notably, the cryptocurrency exchange will notify qualified recipients through email 14 days after completing reward distribution.
Moreover, it will apply ETH-USD’s exchange rate based on the market rate during the distribution.
With this structure, Crypto.com aims to reward only active engagement and encourage individuals to explore Solana’s benefits, including its speed and thriving ecosystems of dApps, and earn Ethereum in return.
What’s next?
Crypto.com’s Solana campaign is more than an opportunity for users to earn Ethereum.
It represents a strategic approach to enhance blockchain adoption and enrich user engagement.
Crypto.com is incentivizing user activity with tangible rewards, which will likely cement its status as an exchange that facilitates trading while actively supporting its community.
The SOL App Campaign allows individuals to interact with a flourishing blockchain and increase their ETH balances.
Solana continues to expand as a blockchain powerhouse, whereas Ethereum maintains its position as the second-largest cryptocurrency project.
Digital asset enthusiasts looking to capitalize on this opportunity can install the Crypto.com App, navigate Solana, and join the campaign.
The event will end next month, on December 3, with $20K in Ethereum up for grabs.
SOL and ETH price outlooks
The altcoins maintain bullish trajectories in attempts to recover from the latest broader market crash.
Solana has gained more than 2% over the past 24 hours to $140.
Also, Ethereum gained roughly 1.70% in that time frame to press time’s $3,091.
The duo exhibits faded daily trading volumes, reflecting the prevailing broader weakness.
Nonetheless, Tom Lee of Fundstrat expects Ethereum to bottom this week, citing its flourishing ecosystem (TVL) and its ratio with Bitcoin.
Lee trusts ETH can rebound to historic all-time highs of $12,000. Such a rally from Ethereum would mean explosive surges for altcoins, including SOL.
Source: https://coinjournal.net/news/crypto-com-launches-sol-app-campaign-with-20k-eth-reward-pool/
