Cronos (CRO) Announces $30,000 ZkCRO Giveaway For Early Supporters

Zach Anderson Jul 19, 2024 03:23

Cronos (CRO) launches a $30,000 zkCRO giveaway for early supporters depositing CRO or LCRO tokens in the Cronos zkEVM bridge before the mainnet launch.

Cronos (CRO) Announces $30,000 zkCRO Giveaway for Early Supporters

Cronos (CRO) has unveiled an enticing new giveaway campaign aimed at rewarding early supporters of its zkEVM bridge. The campaign, dubbed the "Pioneer's Passage to Treasures," offers a total prize pool of $30,000 in zkCRO, distributed among 10 lucky winners. Each winner will receive $3,000 in zkCRO, according to Cronos.

Campaign Details

The giveaway is designed to celebrate the milestone of 30 million CRO tokens deposited into the Cronos zkEVM bridge. The campaign kicked off on July 4 and will run until the zkEVM mainnet launch. Participants can deposit either CRO (Ethereum/Cronos EVM) or LCRO (Cronos EVM) tokens into the zkEVM bridge to be eligible for the prize. The more tokens deposited, the higher the chances of winning.

How to Participate

To participate, users need to visit the Cronos zkEVM bridge page and lock their assets. Those who have already deposited tokens before the announcement are automatically eligible for the giveaway. No additional steps are required.

Additional Benefits

All participants will receive their deposited CRO converted into zkCRO at the mainnet launch. Additionally, depositors will earn loyalty points through the Pioneer Program, which can be redeemed for various benefits and rewards in participating decentralized applications (dApps).

  • zkCRO Deposits: At the mainnet launch, deposited CRO will be converted to zkCRO.

  • Loyalty Points: Earn points in the Pioneer Program that can be redeemed for other benefits.

  • dApp Rewards: Use loyalty points in participating dApps to unlock additional benefits and rewards.

FAQs

  1. When will winners be announced?

    Winners will be announced shortly after the mainnet launch. Updates will be shared on the official X channel.

  2. How will winners receive their zkCRO?

    Winners will receive their zkCRO directly in the wallet address they used to deposit their CRO/LCRO in the Cronos zkEVM bridge during the campaign period.

  3. When will winners receive their zkCRO prize?

    The zkCRO prizes will be distributed shortly after the mainnet goes live and the winners are announced.

    For any further questions, participants can get support via the Cronos Discord channel.

This initiative underscores Cronos' commitment to fostering a vibrant community around its zkEVM bridge, aiming to attract more users and deposits as it approaches its mainnet launch.

Image source: Shutterstock
RECENT NEWS

Ether Surges 16% Amid Speculation Of US ETF Approval

New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more

BlackRock And The Institutional Embrace Of Bitcoin

BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more

Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business

Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more

Ethereum Lags Behind Bitcoin But Is Expected To Reach $14K, Boosting RCOF To New High

Ethereum struggles to keep up with Bitcoin, but experts predict a rise to $14K, driving RCOF to new highs with AI tools.... Read more

Ripple Mints Another $10.5M RLUSD, Launch This Month?

Ripple has made notable progress in the rollout of its stablecoin, RLUSD, with a recent minting of 10.5… Read more

Bitcoin Miner MARA Acquires Another $551M BTC, Whats Next?

Bitcoin mining firm Marathon Digital Holdings (MARA) has announced a significant milestone in its BTC acquisition strate... Read more