SOL holders have cause for celebration as prominent cryptocurrency exchange Crypto.com has introduced a fresh marketing initiative.
By staking ETH and/or SOL, qualified holders can enter to win a portion of $20,000 in Bitcoin.
The on-chain staking function of the Crypto.com app offers frequent payouts for more than ten well-known cryptocurrencies, such as ETH, SOL, and DOT, in addition to an infinite staking quota and the flexibility to unstake at any time after activation.
https://x.com/cryptocom/status/1744260149500346643?s=20
Users that take full use of the function can win a share of $20,000 in Bitcoin as a special prize, according to Crypto.com. This offer is valid for a short period of time. In addition, qualified participants will get a total of $40 in Bitcoin and have access to both campaign sections.
Starting in late December and ending at 12:00 a.m. UTC on April 10, 2024, is the campaign period. The three-month staking period begins on January 10, 2024, at 10:00 a.m. UTC.
SOL users may take part in a $10,000 Staking Challenge in the Reward Pool. The top 500 users will each get $20 in BTC based on how much they have staked on SOL on average over the course of the 90 days ending on April 10, 2024.
Solana price action
The value of Solana, the fifth-largest cryptocurrency by market capitalization, surged thousands of percent in 2023.
SOL token values increased to over $120 from $38 at the beginning of November due to favourable circumstances including excitement about the blockchain’s quick transactions, cheap fees, and a batch of meme coins created on the network.
Value locked on Solana applications grew in lockstep, reaching levels last seen in July 2022 with token values rising to $1.3 billion from $400 million in November.
SOL presently trades at $90, despite a huge fall in price.
