Crypto.com Supercharger Review – Is It Worth It?

Last updated on April 4th, 2022

If you have used the Crypto.com App or Exchange, you may have noticed that both of them have this function, called the Crypto.com Supercharger.

Or maybe you’ve seen the advertisements when using the Brave browser.

So what exactly does this Supercharger do?

Here’s what you need to know:

Crypto.com Supercharger review

Crypto.com’s Supercharger is a fuss-free way to deposit your CRO tokens and mine DeFi tokens as your reward. There are no fees charged, and you are able to withdraw your CRO tokens at any time as well, making this a flexible way of earning these DeFi tokens.

Here is an in-depth look into this feature:

What is Crypto.com’s Supercharger?

Crypto.com’s Supercharger is a liquidity mining pool where you deposit CRO into the Supercharger for a certain period of time. In return, you will be able to mine DeFi tokens that will be paid out to you over a period of time.

There are 2 main terms that you’ll need to be familiar with:

1. Liquidity
2. Mining

When you deposit your CRO tokens into Supercharger, you are adding liquidity to the centralised pool.

As a reward for providing this liquidity, you will be issued a DeFi token.

The token you receive depends on the current Supercharger event that is happening.

Some of the tokens that you could have received includes:

1. UNI
2. DOT
3. ZIL
4. ENJ
5. SHIB
6. BOSON
7. EFI
8. AXS
9. DYDX
10. SDN

Moreover, the amount of tokens that you receive will be based on your liquidity score. The higher your liquidity score, the more tokens you will receive!

How is Crypto.com’s Supercharger different from Crypto.com Earn?

Crypto.com’s Supercharger only allows you to deposit CRO tokens, and you will earn rewards based on the current DeFi token being provided during the event. Meanwhile, Crypto.com’s Earn allows you to deposit many different currencies, and you will earn interest based on the currency that you’ve deposited.

There are quite a bit of differences between these 2 features.

When you use Crypto.com Supercharger, you are taking part in liquidity mining. So far, you are only able to add CRO into the liquidity pool.

Meanwhile for Crypto.com Earn, you are lending out your crypto and receiving interest. You can lend out a wide variety of currencies, like BTC to even VET.

In return, you will receive interest in the currency that you’ve loaned out.

As such, both of these features are quite different!

How does Crypto.com’s Supercharger work?

The Supercharger has 2 main periods: the Charging Period and the Reward Period. The Charging Period is the period that you’re depositing your CRO into the liquidity pool. Meanwhile, the Reward Period occurs immediately after, where you will receive the DeFi token over a period of time.

Here is each stage of the Supercharger explained further:

#1 View the event on Crypto.com

You can view the current event that is happening on Crypto.com.

There are some details you can obtain, such as:

1. The prize pool (USD allocation)
2. Estimated APY
3. Ending of the Charging Period

The estimated APY may change along the way. This really depends on the total amount of liquidity that is being provided in the prize pool.

#2 Deposit your CRO tokens during the Charging Period

During the Charging period, you can deposit and withdraw your CRO tokens at any time.

This is the period that you’ll provide liquidity to the pool.

The minimum amount you’ll need to deposit or withdraw is 100 CRO tokens.

The Charging period can last anytime between 30-45 days, depending on the event.

#3 Your liquidity score is calculated at the end of the Charging Period

Once the Charging Period has ended, your liquidity score will be calculated.

Your liquidity score is based on the liquidity you provided during the Charging Period.

Here’s how it works:

1. Your total liquidity is determined

The liquidity that you provide is recorded at every hour during the Charging Period. The total liquidity that you provide is then tallied up by adding up the liquidity that you provide each hour.

Here’s an example given on Crypto.com’s website. This is the amount of liquidity that Alice has provided:

• 100 CRO deposited from day 1 to day 10 (24h/day)
• 100 CRO withdrawn from day 11 to day 20
• 200 CRO deposited for 10 hours per day from day 21 to day 30

Her total liquidity score would be 44,000.

(100*24*10)+(0*10)+(200*10*10) = 44,000

2. Your liquidity share will be calculated at the end of the Charging Period

The total liquidity being provided by all users is also being recorded every hour. At the end of the Charging Period, the total liquidity score will be determined.

You can see the current pool size on Crypto.com’s website.

This is the current pool size being recorded at the past hour. This pool size may change from time to time.

Using the same example, the total liquidity being provided is 4,400,000. Since Alice’s liquidity score is 44,000, she will receive 1% of the prize pool.

44,000/(4,400,000×720)=1%

3. Your total reward will be calculated

Now that you have your liquidity score, you will take that percentage from the prize pool.

However, the prize pool is in USD! The pool will be used to buy the tokens at the current spot price, which is done at the end of the Charging Period.

For example, token X has a price of $5. If the prize pool is $250,000, the total reward pool would be 50,000 of token X.

Based on your liquidity share, you will receive the corresponding number of tokens.

Alice’s liquidity share is 1%. As such, she will receive 500 of token X.

#4 You need to accept your reward during the Acceptance Period

Once the Charging Period has ended, the amount of rewards you’ll receive will be calculated.

When your reward has been calculated, you’ll be given a notification to accept your rewards.

You’ll be given a certain time period to accept your rewards.

To receive your full reward, you’ll have to accept your reward before the start of the Reward Period.

If you only accept your reward halfway into the Reward Period, you will lose your rewards for the previous days!

As such, it would be best for you to keep a lookout for this notification when the Charging Period has finished.

#5 Your rewards are distributed daily during the Reward Period

After accepting your rewards, the total allocation will be split between 30-45 days.

During each day, your reward will be issued to you.

For example, you may have accepted a reward of 30 X tokens. If the Reward Period lasts for 30 days, you will receive 1 X token each day.

The rewards will be deposited into either your Crypto.com App or Exchange. This depends on whether you used the App or Exchange to deposit your CRO tokens into the Supercharger.

How do I use Crypto.com’s Supercharger?

Here are the steps you’ll need to use Crypto.com’s Supercharger:

1. Go to ‘Supercharger’ on the App or Exchange
2. Tap on ‘Charge Now’
3. Accept the Terms and Conditions
4. Select the amount of CRO to be deposited

#1 Go to ‘Supercharger’ on the App or Exchange

You can go to the Supercharger on either the Crypto.com App or Exchange.

For this example, I’ll be using the App.

#2 Tap on ‘Charge Now’

Once you’re on the Supercharger page, you’ll need to tap on ‘Charge Now‘.

#3 Accept the Terms and Conditions

You’ll need to select the Supercharger Terms and Conditions afterwards:

#4 Select the amount of CRO to be deposited

You’ll need to select the amount of CRO to be deposited.

You’ll need to deposit a minimum of 100 CRO each time.

After that, you’ll start adding liquidity to the liquidity pool!

You can deposit or withdraw CRO from the Supercharger at any time.

What rewards will I get for using Supercharger?

The rewards that you receive from Supercharger depends on the current event that Crypto.com is hosting, as well as your liquidity score. If you’ve participated in the previous events, you would have been able to receive DOT, ZIL or even BTC as rewards.

The amount of rewards that you can receive depends on the liquidity that you’ve provided.

The more CRO that you’ve deposited into Supercharger, the higher rewards you’ll receive!

Crypto.com will only announce the token that you can mine closer to the start of each event. This can help you to plan and see if you’re willing to participate in that event!

Why are my Supercharger rewards not showing?

There may be some instances where Crypto.com may delay the issuing of the rewards to your account.

For example, the rewards for the AXS Supercharger event did not show up during the first few days of the Reward Period.

After a few days, Crypto.com issued this email.

After that, I managed to receive my AXS rewards for the previous days in one shot!

Can I withdraw my CRO from Supercharger?

You are able to withdraw your CRO from Supercharger at any time, without incurring any fees. There is no minimum withdrawal amount, which is different from minimum deposit required each time (100 CRO).

To withdraw any amount from Supercharger, you can tap the ‘-‘ icon in the Crypto.com App.

You can select the amount of CRO that you want to withdraw, where there is no minimum amount.

Once you have made the withdrawal, the CRO will be immediately credited back to your Crypto Wallet.

If you want to deposit CRO back into Supercharger, you’ll need to deposit a minimum of 100 CRO.

This makes depositing and withdrawing CRO from the Supercharger more flexible compared to staking your CRO!

Are there any fees for using Supercharger?

There are no fees that you’ll incur when using Supercharger. You will not be charged any gas fees when you make CRO withdrawals from the liquidity pool, which greatly reduces your costs.

Using Supercharger is completely free! There are no fees involved to use this feature, which makes it extremely attractive.

Are there any risks with using Supercharger?

There are not many risks involved when using Crypto.com’s Supercharger. As such, the Supercharger is a rather safe way of mining DeFi tokens by depositing your CRO tokens.

The Supercharger is quite a safe method, and you do not need to know much about liquidity mining to get started.

All you need to do is deposit your CRO tokens to start mining your DeFi tokens!

The 2 possible risks that I think you may encounter include:

1. The price of CRO drops drastically, causing you to lose your portfolio’s value
2. The price of the DeFi token suddenly spikes during the Reward Period, meaning that you’ll get a lesser allocation of that token

These 2 situations really depends on the market, and everyone will be affected as well!

As such, I do not believe that Crypto.com’s Supercharger has much risks. Given their track record and their security measures, I believe that your funds should be relatively safe.

Can you lose money on Crypto.com Supercharger?

It is possible for you to ‘lose money‘ from the Supercharger if you do not claim your rewards during the Acceptance Period. If you accepted your rewards after the Reward Period has started, any rewards that were issued before you accepted the rewards will be lost.

You can find out more about accepting your Supercharger rewards below:

If you only have a small amount of funds in the Supercharger, the amount of rewards that you actually receive can be quite little. However, it’s still a good way for you to earn some extra returns while you are holding CRO!

Why did the Supercharger disappear on my Crypto.com app?

Due to certain updates, it may be possible that the Supercharger can no longer be viewed on your ‘Accounts’ tab, or on the home page. If you would like to access the Supercharger, you still can do so by going to the main menu on the Crypto.com App.

When the Crypto.com App gets updated, there may be times when the UI becomes glitchy. If you can’t find the Supercharger under your ‘Accounts‘ tab,

you still can access it under the menu.

Even though it has disappeared from the ‘Accounts‘ section, your funds are still there!

This is similar to how you can obtain your referral code for the BG25 Referral Program.

Verdict

The Crypto.com Supercharger is a unique way of mining and earning DeFi tokens by depositing your CRO tokens.

It’ll be an added bonus if these tokens that you’ve mined increase in value in the future!

As such, it is a relatively fuss-free way of getting your hands on these tokens by just depositing your CRO tokens.

If you are able to deposit a large amount of CRO tokens, then you would be able to receive a larger reward.

So far, I have received SGD$148.95 worth of rewards from the Supercharger itself.

However, a part of it is mainly due to SHIB having a huge increase in value. I received SHIB as a reward when the price was still low.

Since I decided to hold onto the SHIB that I earned, this helped to increase the amount of earnings that I had!

Crypto.com’s Supercharger is useful if you only own a small amount of CRO

The Supercharger allows you to deposit amounts starting from 100 CRO. If you only have a small amount of CRO that you intend to hold, you can consider putting it in the Supercharger.

This is mainly because Crypto.com’s Earn has a minimum amount of CRO that you can put inside before you can start earning interest.

Even with your small amount of CRO holdings, it is still possible for you to earn some yield in the form of other cryptocurrencies!

This may be more favourable compared to selling your CRO tokens in Singapore.

Conclusion

Crypto.com provides a strong ecosystem to build up your crypto portfolio. Furthermore, it has many interesting features like the Supercharger.

If you intend to buy and hold the CRO token, you can consider using them to mine some DeFi tokens along the way!

If you’re looking to generate tax reports for your crypto trades, you can consider using Koinly, which allows you to track your transactions from 350+ exchanges and 50+ crypto wallets.

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Crypto.com Referral (Get up to $25 USD worth of CRO)

If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.

We will both receive $25 USD worth of CRO in our Crypto Wallet.

Here’s what you’ll need to do:

1. Sign up for a Crypto.com account
2. Enter my referral code: ‘x2kfzusxq6‘
3. Stake enough CRO to unlock a Ruby Steel card or higher

The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.

You can read more about the referral program on Crypto.com’s website.

Crypto.com Exchange Referral (Earn $10 USD- $50 USD in CRO)

If you are interested in creating a Crypto.com Exchange account, you can use my referral link and enter the code “x2kfzusxq6“.

Depending on the amount of CRO you stake on the Crypto.com Exchange, you are able to earn between USD $10 to USD $50!

Here are the amounts that you’ll need to stake to receive the bonuses:

Amount of CRO Staked	Referral Bonus You Receive
1,000 – 4,999 CRO	$10
≥ 5,000 CRO	$50

If you’ve already signed up for the Crypto.com app, you can still sign up for this bonus! This is because the Crypto.com App and Exchange are 2 different platforms.

You can read more about this referral program on Crypto.com’s website.

Are you passionate about personal finance and want to earn some flexible income?