Crypto.com has announced a new event where participants can earn a share of a $250,000 reward pool by staking CRO tokens on the platform.
How to Participate
To participate in the new event, users must stake CRO in the Airdrop Arena. Rewards in SHIB will be distributed based on points: the more CRO a user allocates, the higher their ranking and the greater their share of the prize pool.
Crypto.com is offering a **120% points boost** for early adopters. The first **10,000 users** to participate will automatically receive this bonus. Additionally, anyone who locks up **1,500 CRO or more** will receive the same 120% daily boost during the event.
Crypto.com’s Support for Shiba Inu
This initiative continues Crypto.com’s support for the Shiba Inu ecosystem. The exchange listed SHIB back in **May 2021**, and later added **Bone ShibaSwap (BONE)** in March 2023. Crypto.com has also maintained a notable SHIB reserve, showing its commitment to the broader Shiba Inu project.
CEO **Kris Marszalek** previously acknowledged the strong backing from the **Shiba Army**, particularly during the BONE listing. The ongoing reward program further strengthens that relationship, while providing SHIB holders and CRO stakers new incentives to participate.
Shiba Inu's Future and Community Reactions
While the SHIB price has seen some recent turbulence, project leaders remain optimistic. Marketing lead **Luice** reassured the community that Shiba Inu is built on solid foundations, emphasizing it is not dependent on a small group of holders.
Meanwhile, Shiba Inu lead **Shytoshi Kusama** has hinted at major developments ahead, recently suggesting that “**July is JUL-AI**,” hinting that the next wave of growth could involve artificial intelligence. This aligns with earlier reports that Kusama has been developing AI-related tools for the Shiba Inu ecosystem, potentially in partnership with **TokenPlayAI**.
The $250,000 reward program from Crypto.com highlights the strategic focus on activating user engagement through meme coin communities, especially those with loyal followings like SHIB. With Shiba Inu preparing for potential AI-driven updates and Crypto.com offering lucrative incentives tied to its ecosystem, both projects are working to keep their communities energized during the broader market recovery.
