In view of the announcements of Crypto.com, la comunidad de usuarios manifestó su rechazo con las desmejoras a sus programas de tarjetas, razón por la cual se registró un elevado volumen de ventas de CRO in the hours following the announcement.
Crypto.com, one of the exchanges with presence in a large number of countries, recently announced changes in the rewards and participation programs associated with its debit card. However, these modifications generated discontent among users that was felt in the market, since the price of its token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. CRO fell more than 10% in the last 24 hours.
Rewards rate changes for credit card Crypto.com
The announcement in question took place on the official blog of Crypto.com, where the team responsible indicated that crypto rewards for the use of their Visa cards will be reduced, leaving two of these (Midnight Blue and Ruby Steel) with a margin of 0%; the next two (Royal Indigo and Jade Green) with 0.5%; those that follow (Icy White and Frosted Rose Gold) with 1%; and the highest level (Obsidian) is left with 2%.
Among other announcements made, the team of Crypto.com reported that the monthly rewards for the lower tiers will be capped between $25 – $50, and that there will be no cap for the higher tiers.
As for the staking participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards. rewards for the cards, these will no longer be available after the 180-day (six-month) period for all those who started in the escrow a financial instrument where assets or cash are held by a third party while a buyer and a seller complete a deal. program until May 1.
However, despite the changes, benefits such as cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. back on subscription services and interest rates for Earn de Crypto.com seem to continue as they were going to date, so the latter will not present any kind of change.
Descontento con los anuncios
The announcements made by Crypto.com generated some discontent among card users mainly, who took to social networks to express their dissatisfaction with the measures that will take effect from June 1.
The vast majority pointed out that this constituted outright downgrades to the terms originally accepted by the large user base of their cards, and popular opinion was that this could lead to a loss of customers in the short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. term, at least after the changes began to take effect.
Others pointed out that the measure was possibly intended to give greater visibility to the applications. DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. The exchange-managed cards, which would be earning better yields than those derived from the cards. While this may be a valid business tactic, the truth is that the cards are Crypto.com are some of the most widely used products internationally by users of the exchange, making the measure highly controversial.
On the other hand, the rejection of the measures also seems to have been felt in the price of the token. CRO, digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. launched and backed by the exchange, which derived losses of more than 10% in the last 24 hours, coinciding precisely the highest volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of sales after the official announcement through the blog of Crypto.com.
At the time of editing, each unit of CRO is trading at around USD $0.27 per unit, which implies a loss of 10.16% compared to yesterday’s price.
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Version by Angel Di Matteo / DiarioBitcoin
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