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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.
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
Updates
Crypto.org Chain Intergalactic Roadmap
Crypto.org Chain Mainnet has officially launched on March 25th, 2021.
Here is the road map for the five major releases on Crypto.org Chain; all five are being developed in parallel, but the sequence is indicative of what comes first.
Phase 1: CANIS MAJOR
NFTs
Phase 2: DRACO II
Coin Issuance and Ethereum Virtual Machine
Phase 3:Â TUCANA III
Decentralized Exchange with Automated Market Making
Phase 4: HYDRUS I
Smart Contracts
Phase 5: CARINA III
Decentralized Finance and Oracles
Global VISA Partnership
Crypto.com announced a global partnership with Visa that also includes principal membership in Visa’s network in Australia.
The partnership will advance Crypto.com’s ambition to accelerate the adoption of crypto payment solutions around the world by expanding the reach of the Crypto.com Visa Card.
In addition, Crypto.com is announcing plans to roll out fiat lending with crypto collateral via the Crypto.com Visa Card.
Crypto.com Launches 200 million USD Fund For Crypto Startups
Crypto.com announced the launch of Crypto.com Capital, its venture arm dedicated to investing in crypto startups at seed and series A stage.
With 200 million USD earmarked for investment, Crypto.com Capital is poised to accelerate the growth of promising startups.
Crypto.com Capital will lead seed rounds with cheque sizes between 100k and 3 million USD and Series A rounds from 3 million to 10 million USD.
They looking for long term partnerships with entrepreneurs in every sector of the cryptocurrency industry.
CRO Staking Rewards in the Crypto.com DeFi Wallet
Earn up to 50% APY when you stake CRO in the Crypto.com DeFi Wallet.
5 billion CRO have been allocated to native CRO staking rewards.
You will have to migrate your CRO from the ERC-20 network onto CRO’s native chain on Crypto.org.
If you have CRO in the Crypto.com app, just select CRO instead of ERC20 when you withdraw to your connected Crypto.com DeFi Wallet.
Interest Earned
With Bitcoin reaching and staying at 60k USD, all of my portfolios are up a hefty chunk and my Crypto.com Earn portfolio is no different.  In the last 4 weeks, my portfolio grew over 10k USD—most of my interest-earning accounts are beginning to earn a ridiculous amount due to compounding and earning interest during the bear market.
My Crypto Earn portfolio is up 12% in the last 4 weeks and I am extremely satisfied. 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 why I am up so much. BTC is currently sitting at 60.1k USD while ETH is at 2145 USD. Even post mainnet launch, CRO price has yet to push new highs but remain relatively stable at around 0.21 USD.
CRO Earnings
CDC changed the cash back rewards on the Icy White Card from 4% to 5% which went into effect at the beginning on October 2020. The extra 1% is adding up as I am using my card for nearly all purchases possible.
In the past week, I earned about 1417 CRO from staking, earning, and cash back rewards through the app. I was earning more CRO while the price was low, but at the current price of 0.21 USD, I am earning roughly 297 USD each week. As the price of CRO goes up, all the CRO I am earning will increase. This amount is just based on CRO earnings which is amazing because I use it to pay my grocery bill and food budget.
Since the launch of mainnet, I have been migrating CRO from ERC-20 to the native chain on Crypto.org via the DeFi Wallet app so that I can stake to earn a better yield. It started out in the high 40% APR but is now hovering around 24% APR—still a lot better than what you can earn in the Crypto.com App at 6% with a 3-month lockup period.
So far I have earned 28 USD from staking CRO on the native chain. The APR is really attractive, but it will eventually get diluted. Also, when staking your CRO on the DeFi Wallet app, it takes 28 days to unbond so you cannot withdraw until after 28 days if you decide to unstake your CRO.
Conclusion & Prospect
I am glad that I invested early into Crypto.com, but it is not too late to join the party. They recently launched the Crypto.org Chain mainnet and revealed their roadmap. We are currently in Phase 1 which focuses on non-fungible tokens (NFTs) and I am getting plenty of notifications about it from Crypto.com emails. I think there are plenty of opportunities for arbitrage with NFTs but I would rather yield farm and provide liquidity to make passive income.
The price of CRO has been stagnant since the mainnet launch, but that is because its utility is still restricted within the Crypto.com app. Once they onboard builders and developers onto the native chain and we see more utility for CRO, the price will hopefully grow as well. They are bootstrapping projects with the 200 million USD fund to help seed startups and I believe this will incentivize many developers to build on top of Crypto.org Chain.
Although all the phases in the roadmap are being developed simultaneously, CRO prices will remain relatively stable until Phase 3 and/or Phase 4. Once we reach these phases, it will unlock plenty of utility for CRO. As long as developers are willing to build on Crypto.org Chain, I believe CRO will do well in the near future. Like I mentioned, it is not too late to start accumulating CRO to prepare for the upcoming phases.
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.
You are currently reading the Free Version. If you would like more information, please consider switching to a paid subscription.
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.