Let’s get it.
Welcome to Bit Boy Crypto; home of the bitsquad, the largest crypto community in all the interwebs. My name is Ben. Everyday on this channel I show you how to make money in crypto. If you like money and crypto make sure to hit that subscribe button. Today we look at news and updates for Crypto.com, and give our take on how its native token CRO might perform in this next leg of the bull cycle.
Crypto Sets New Records TODAY! (Crypto.com F1 Abu Dhabi Race Giveaway)
Crypto.com just came out with a global ad campaign with oscar-winner Matt Damon:
“fortune favours the brave.” In the commercial we see people try something bold, the rise above the trials and pitfalls get the job done. Astronauts, the Wright Brothers building the first airplane, mountain climbers scaling vertical peaks, and all the while the pioneers of crypto is in the metaphorical centre of the commercial; pioneering new digital experiences, and ways of investing. The ad was directed by Oscar-winner Wally Pfister and produced by Daver Fincher. It focuses on the ability of blockchain and crypto assets to change the course of history, using a timeless phrase that was first heard thousands of years ago. The goal of the ad is to show that crypto is becoming less about trading, and more about creating a new future for the internet. Namely: Web 3: an internet that will be owned by builders, creators, and users.
On that note, take a little control over the future of blockchain and smash up that like button! It gets more crypto content out to more people, and it’s the best way you can help support the channel.
Crypto.com’s partnership with Matt Damon goes beyond the ad campaign: they donated 1 million USD to the global non-profit he co-founded, Water.org, to provide clean water to the millions of people who are living with a tainted water supply. Crypto.com also wants to open the broader crypto community to more opportunities to donate to this cause. Water.com is now accepting donations in crypto assets: Bitcoin, ETH, and many altcoins are accepted as payment. The commercial launched on “Thursday night football” on Fox Sports in the US, and will eventually run in 20 more countries. Crypto.com wants to take a leading role in bringing crypto into the mainstream, and it wants to share life-changing crypto gains with the people in this world that need it the most.
Like other great blockchain projects, Crypto.com is upgrading consistently. Developers recently introduced Cassini in preparation for their Cronos Mainnet launch on November 8th. Cassini is an incentivised testnet with a prizepool of up to three hundred thousand USD, and was the final dry run before the mainnet launch. Product development focuses on creating zero-fee stablecoin conversations, BTC and ETH monthly futures, and five new tokens available on Crypto Earn including Solana, Avalanche and Luna. The App has multi-chain deposits and withdrawals with support for Arbitrum, Polygon Solana and others.
Crypto.com has just become the first-ever global official fight kit partner of the UFC, and the first crypto platform to partner with the Ultimate Fighting Championship. This long-term partnership allows Crypto.com to display their branding on UFC fight kits worn by the athletes, and ads will have meaningful visibility with brand presence in the Octagon during pay-per-view events, and integration into UFC content and assets. UFC president Dana White describes the two companies as “the best at what they do.” The UFC brought ultimate fighting to the mainstream, and Crypto.com has been a leader in doing the same for blockchain. The partnership will help bring new awareness about crypto and crypto assets to more people around the world, through the strength of both the UFC and Crypto.com brands.
Currently, the UFC has a global fanbase of over six hundred and twenty-five million people, one hundred and fifty million social media followers, and 900 million households with UFC broadcasts. Crypto.com branded assets made their debut in July during the Poirier versus McGregor fight in Las Vegas, and will remain a mainstay brand for the UFC.
But the biggest new partnership for Crypto.com is none other than Formula One. This hundred million dollar deal will allow Crypto.com top branding slots during the qualifying rounds of the upcoming British Grand Prix. For the remaining 2021 Formula One World Championship season, Crypto.com will have prime billboard real estate.
Formula One has forayed into crypto before. In March, Aston Martin partnered with Crypto.com to bring NFTs of the newest Aston Martin F1 as it hit the track. Collectables include a pit-stop slow mo, AMR-21 unveiling, and other Formula One race-day moments. Crypto.com CMO Steve Kalifowitz says there will be more collaborations to come. In the past, a partnership between Crypto.com and Aston Martin would have been impossible. Afterall, crypto wasn’t exactly looked at favourably by mainstream media and investors. This new partnership with Formula One is groundbreaking, and shows that crypto is hitting the mainstream in a big way.
Crypto.com is offering a giveaway if users trade CRO on the crypto.com app; with a chance to win Formula one Paddock Club Hospitality Passes. The winner gets a pair of tickets to the Formula One Etihad Airways AbuDhabi Grand Prix in 2021: worth over fifty thousand dollars. Winners will also receive a one thousand dollar travel subsidy paid in CRO for their accommodations. The campaign period ends soon; it began on October 20th and ends tomorrow November 5th. Click the link in the description to get more info. All you have to do is log onto the crypto.com app, complete account verification and trade at least 500 dollars in CRO.
CRO is the native token of the Crypto.com platform, and recently BraveNewCoin called the crypto asset a “sleeping giant” that is ready to wake up. Over the past week, CRO leapt out of a double bottom at around 19 cents and saw highs of nearly twenty-three cents on Friday. There’s been a steady increase in the value of CRO since the beginning of October, and the last three months have seen an upward trajectory. This year the price of CRO is up over two hundred percent, with a market cap of just over 5 billion, making it the 38th largest asset in crypto.
Founded by CEO Kris Marszalek as a gateway for crypto payments, CRO token, the blockchain’s native token, was launched in 2017 under the name MCO for the company’s original name, Monaco. 12 million MCO tokens were sold at ICO, and in 2019 the company re-branded to crypto.com and began issuing its signature crypto.com visa cards. In 2019, the company launched more services including a crypto-to-crypto exchange service that aimed to target the profitable crypto trader demographic. They also started offering centralized crypto borrowing and lending called Crypto Earn and Crypto Credit. The Company’s non-custodial De-Fi wallet was launched in 2020, and the MCO token was phased out completely for the CRO token. Crypto.com now has a NFT marketplace that aims to compete with OpenSea. So far this bill cycle, the price of CRO has yet to really pop, and with the attention that its new partnerships are sure to bring, there’s a good chance that Crypto.com can capture a lot more investment capital in this leg of the bull cycle.
There are many good reasons to pay attention to Crypto.com right now. Crypto is making its way into the mainstream; and Crypto.com is leading the charge.
That’s all I got. Be Blessed, Bitboy out.
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