Cryptocurrency and payment platform crypto.com just announced that Shiba Inu Token (SHIB) will be listed on Supercharger, a one-click liquidity mining platform in the next 24 hours.
Supercharger is a simple, secure, and flexible liquidity mining platform, where users can deposit CRO (native token of the Crypto.org chain) on the Crypto.com Exchange to mine the hottest DeFi tokens.
What is Shiba Inu (SHIB)?
Shiba Inu is a dogecoin-inspired (I prefer calling it copycat) crypto token that has buzzed the crypto world in the last few days. Up by more than 1500% on exchanges in a week, Shiba Inu calls itself DOGE killer token. But similar to DOGE it has zero value, no fundamental underlying product, except for a massively hyped-up community and large purchase volume.
SHIB on Supercharger
Crypto.com App and Exchange users will receive SHIB as rewards for depositing their CRO tokens into the Supercharger pool. The SHIB Supercharger event will commence on Thursday, 13 May 2021 on the Crypto.com App and Exchange.
Details of SHIB Supercharger
- Reward: USD 2,000,000 allocation
- Supported Deposit Token: CRO
- Event timeline:
Charging Period: 17:00 13 May – 17:00 27 June 2021 UTC
Reward Distribution: 15:00 29 June – 15:00 13 August 2021 UTC
i) Charging Duration (First 45 days)
Users can deposit and withdraw from the Supercharger pool (with no gas fees) at any time during the Charging Period. The price of the reward token is determined at the end of this period.
ii) Reward Distribution Period (Next 45 days)
Users will receive their reward tokens during the Reward Distribution Period based on their share of the liquidity provided during the Charging Period. Their eligible reward tokens will be distributed daily during this 30 day period after accepting the reward terms. Users will forfeit a portion of their reward if they do not accept the terms before the Reward Distribution Period begins.
The complete detail of this Supercharger event can be found here.