Crypto.com (CRO) platform co-founder Gary Or is launching Particle B, a decentralized finance (DeFi) project incubator. This startup accelerator will focus on projects built on Crypto.Com Chain and Ethereum.
Feeding the Crypto.com ecosystem
Gary Gold , co-founder and CTO of Crypto.com, just founded Particle B . This startup accelerator will help projects based on Crypto.com Chain and Ethereum (ETH) to grow.
This initiative follows the explosion of the decentralized finance sector, on which Crypto.com intends to bet in 2021 . Over the past 12 months, DeFi has grown at a staggering rate, with its Total Locked-In Value (TVL) hovering around $ 15 billion this month. As a reminder, DeFi’s TVL in 2019 at the same period amounted to $ 700 million.
In addition, the Crypto.com blockchain is preparing to deploy its mainnet , which, according to initial results, is capable of processing several thousand transactions per second with a confirmation time of a few seconds.
With such capabilities, Particle B will therefore support Bitcoin Bank application developers wishing to deploy their products on Crypto.com Chain. Thus, from 2021, Particle B plans to launch at least 1 DeFi project per quarter .
Although its primary interest is the development of decentralized finance, Particle B even plans in the future to incubate startups working on projects related to Bitcoin (BTC):
“Gary is one of the brightest minds in crypto, and his contributions to Crypto.com are unparalleled. We are extremely excited about his decision to found Particle B, which will help energize the Crypto.com Chain ecosystem, vvv, ”added Kris Marszalek, CEO of Crypto.com.
The support of Particle B will benefit the entire Crypto.com ecosystem and its users, who will discover new DeFi products at a steady pace. It should be noted that Crypto.com has already taken several steps towards DeFi, most notably with the introduction of Supercharger , a platform for cultivating DeFi tokens by providing liquidity in a pool .
The crypto-card of Crypto.com
With the deployment of the mainnet of its blockchain which is approaching and the arrival of DeFi applications, holding CRO tokens on Crypto.com offers more and more advantages.
The platform notably has its famous crypto-card, which allows you to obtain 1 to 8% cashback on all purchases . This percentage changes depending on the number of CRO tokens that the user stakes on the platform.
Depending on the model, other benefits are added to the cashback, such as the full refund of Spotify, Netfix or Amazon Prime subscriptions.
In addition, under certain conditions and using the link below, each user can receive a $ 25 bonus by ordering one of the crypto-cards from the Metal range.
For example, to receive Ruby Steel – the first card in the Metal range – it is necessary to deposit 2,500 CRO tokens on the platform. At the time of writing, that corresponds to € 118 . Using this card allows you to get 2% cashback on all purchases, as well as the refund of a Spotify subscription.