After the large number of criticisms made by users on social networks, the CEO de Crypto.com assured that they will review the changes and propose alternatives that meet the needs of users, ensuring that their priority will always be the people to whom they offer their services.
Faced with the rejection and controversy generated by the reduction of the rewards associated with the use of their cards, the team from Crypto.com announced that it would review the measure and seek to implement solutions that offer the best conditions for all.
Crypto.com will review changes to your card rewards
This was stated by the CEO of Crypto.com, Kris Marszalek, who commented the following through his account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Twitter:
“The community has been very vocal about the changes to the card program announced yesterday. We really care about the community, we listen to them and are always attentive to what they tell us. As a result, we are reviewing 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. rates for the cards.”
The community has been really vocal with regards to the changes to the card program announced yesterday. We care deeply about the community, we hear you & always listen to you.
As a result, we’re revising card staking rates. ????
— Kris | Crypto.com (@kris) May 3, 2022
Originally, the Crypto.com team made the announcement last Sunday, May 1, where they announced significant reductions associated with the rewards margins for using their Visa cards, the most controversial being that their two core products (Midnight Blue y Ruby Steel) with a margin of 0%; the next two ( Royal Indigo and Jade Green ) with 0.5%, followed by (Icy White y Frosted Rose Gold) with 1%; and the highest level (Obsidian) is left with 2%.
These and other changes led to a lot of criticism from users through the main social networks, where they pointed out that the reduced / eliminated incentives were the main attraction of the cards, so they anticipated that many people would stop using the services of the cards. Crypto.com They described the new rules as a clear deterioration compared to the conditions previously in force. Let’s take into account that the new rules will come into force on June 1.
Fall in the price of CRO
Tal y como comentamos en la edición pasada, la ola de críticas en contra de los cambios anunciados por Crypto.com also had a negative impact on the price of your token, CRO, which yesterday experienced a significant drop in light of the wave of sales that came to place in the hours following the announcement.
From last Sunday until yesterday, the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. lost more than 12% of its price amid a large number of sell trades. However, as of press time, CRO partially recovers and increases by about 5% in the last 24 hours.
The deployment of Crypto.com
The events come in the midst of the aggressive advertising campaign that has been doing Crypto.com in the last few months, positioning itself by taking its name to very recognized spaces in the physical plane.
One of the great feats of the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. was to get the rights to the name of the popular stadium. Staples Center in Los Angeles, which will be known for the next several years as the Crypto.com Arena.
Recently Crypto.com also reached an agreement to become an official sponsor of the next World Cup. Qatar 2022, which will be held later this year in the Arab country. It is worth noting thatAlgorand also recently gained a similar share, resulting in a 20% increase in the price of the token. ALGO in the last 24 hours.
- Crypto.com announces reduction of rewards associated with the use of its cards and CRO token registers 10% drop
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Source:BeInCrypto, Archive DiarioBitcoin, Twitter
Version by Angel Di Matteo / DiarioBitcoin
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