Crypto.com Progress Report 📈

HODLer's Den

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Disclaimer: Nothing in this report constitutes investment advice—I am just reporting on my accounts and its progress on each platform. You should not use this report to make financial decisions. I recommend you seek professional advice from someone who is authorized to provide investment advice.

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Hey everyone and welcome to the HODLer’s Den!

Here you will find information on my crypto investment portfolio straight from a HODLer’s perspective.  This section will focus on HODLing cryptos and interest-earning platforms.

Crypto.com

Listing of New Coins/Tokens

• Crypto.com (CDC) continues to list new tokens and coins, and it serves as a good indicator that the team is still building despite market uncertainties.

• Some of the new listings include: BIFI, GLMR, KP3R, TONIC, and ROSE just to name a few.

• CRO, formerly called Crypto.org Coin or Crypto.co Coin, has been rebranded to be Cronos (CRO), to emphasize the Cronos chain.

Crypto.com & Adelaide Crows Announce Multi-Year Partnership

• The Adelaide Football Club has partnered with Crypto.com in a multi-year agreement encompassing the men’s and women’s teams.

• The Crypto.com logo will appear on the back of the home and clash guernseys, while the agreement will bring to life other engagement initiatives.

• The Crows are the first Australian sporting club to partner with Crypto.com and follow some of the world’s biggest sports and entertainment brands, including Formula 1, UFC, Paris Saint-Germain Football Club, Philadelphia 76ers, Los Angeles Lakers, Montreal Canadiens, Los Angeles Kings, esports team Fnatic, Lega Serie A and Twitch Rivals.

Changes To Crypto.com Earn

• Changes to Crypto.com Earn takes effect on April 4th, 2022.

  

• Basically, you will earn the full APR listed only on the initial 30,000 USD of your Crypto.com Earn investment. And half the APR listed on the rest of you investment.

• Below is an example from Crypto.com regarding these changes.

  

• You can find more information about Crypto Earn and the revised rates here.

Interest Earned

In the last 6 weeks, my portfolio gained about 15k USD in value.

My Crypto Earn portfolio is up 14% in the last 6 weeks.  You can track my earnings progress on the four major interest-earning platforms that I use by checking out this Google Spreadsheet.

A large chunk of my Crypto Earn portfolio is in BTC (Bitcoin) and ETH (Ethereum) so it makes sense. BTC is currently sitting at 38.9k USD while ETH is at 2580 USD.

CRO is currently hovering around 0.38 USD.

You can use the Interest Rate Tracker to find the best APR rates across several platforms to fit your HODLing needs.

Conclusion & Prospect

I am still hopeful that 2022 will be the year for massive crypto gains. Crypto seems to be a viable solution to many modern day problems. We see that banks are able to freeze assets with short notice, preventing many from access to their own financial assets.

Crypto is financial freedom in that it can be transacted worldwide without any barriers or restrictions. Once more people realize this, there will be a floodgate of new users.

Although I saw it coming, I am a little disappointed with the upcoming changes to Crypto.com Earn. If you look at the changes closely, it still remains relatively competitive compared to Celsius Network and BlockFi.

I will try my best to compare of these changes would affect earnings against all 4 platforms that I use.

Assume that I have 100k USDC on each platform, I will calculate my annual yield without compounding.

Crypto.com:
100,000 USDC = 30,000*0.12 + 70,000*0.06 = 7800 USDC earned per year. Assuming 3-month lock ups for 12% APR. Also note this calculation excludes the extra 2% APR in CRO for higher card tiers.

Celsius Network:
100,000 USDC = 100,000*0.071 = 7100 USDC earned per year.

BlockFi:
100,000 USDC = 20,000*0.08 + 80,000*0.07 = 7200 USDC earned per year.

Bitrue:
Power Piggy 100,000 USDC = 100,000*0.084 = 8400 USDC earned per year.

As you can see, Crypto.com remains competitive but of course these new changes are subjected to further changes in the future. Also note that for Bitrue, you have to compete for your Power Piggy spot (first-come-first-serve) if you do not own Bitrue Coin.

The APRs from these crypto platforms definitely beat anything that banks can offer.

The future looks cloudy but as mentioned earlier, crypto may be a viable solution to many modern day problems.

Each week I will report on a different interest-earning platform that I use—mainly, Celsius Network, Bitrue, Crypto.com, and BlockFi.

If you are new to crypto or have considered joining new platforms, check out the Starter Pack created by CryptoOneStop by clicking here or if you want to earn over 250 USD in referral bonuses then click here.

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What I Am Doing

This section is dedicated to paid subscribers as I will go into details of what moves I am making with my interest-earning portfolios.