Post
Topic
Board Announcements (Altcoins)
Re: Crypto.com - The Pioneering Payments & Cryptocurrency Platform
by
bcsaver1
on 18/08/2020, 16:12:31 UTC
1.5 days left for NEO to go on sale at 50% on crypto.com
https://crypto.com/exchange/syndicate/neo-17

Any idea how they manage to sell some tokens at a 50% cheaper price? I mean how do they make a profit from this type of offer?

They set aside a big bundle of CRO at the beginning, for this kind of promotion. It helps them promote their platform and get new customers, because in order to get the 50% off, you have to sign up with them, and invest some money of your own (stake some CRO). It's not a straight-up, no-strings-attached giveaway. But it's no different than the letters I get in the mail from Chase Bank offering me $400 if I sign up for an account, and keep a balance there for 6 months, and transfer my paycheck auto deposit to the new account.