I just got the email with the updated staking rewards. I will keep using the card for the next 180days and then see if there’s anything better on the market (unlikely when it comes to cashback).
1 Like
Coffeezilla made a video 
4 Likes
I personally find that Crypto.com now looks more and more like a bad joke. Their reversal and communication is a big middle finger to the community that has allowed them to grow and spend millions on advertising and marketing.
Kris doesn’t know what to do anymore, between the costs to pay on the one hand and satisfying the community that allows them to maintain and develop their business on the other hand. Because, in the end, he doesn’t offer anything innovative that another exchange could offer.
When customers are treated disrespectfully, the business just has to go.
To be avoided as soon as possible (my opinion).
2 Likes
Sad but true! First they remove everything and then they put them back “after listening to the community” but much lower rates? Sounds like a pump&dump to buy back lower. I have 19 days to think about what to do.
2 Likes
Am I getting something wrong or will the CRO chain itself still have 12% staking yield? So they just wanna profit off the stakes that are with them for the CC’s as their income generator. So on a 35k stake that would be 4.2k staking rewards of which they give you 8%/2.8k after the changes (assuming Icy White tier). To break even with the new 3% cashback one has to spend 46666.66 EUR to make it worthwhile (modulo crypto volatility). They outlined themselves that the other benefits are worth around 420 EUR/year.
I easily spend 50k a year on the CC so it’s probably still financially worthwhile for me but for more frugal people or ones on lower tiers probably not.
2 Likes
As long as you have a significantly lower initial investment, I’m not sure if we can say that it is “financially worthwhile”.
This is pure speculation, and the risk/reward ratio for the CRO, after the latest announcements, even if the “benefits” may still seem interesting, leave me thinking that the future of this crypto is rather uncertain…
The goal is not to spend more than necessary to make up for losses with cashback. I personally think that this is a very bad calculation, no matter in which tier the starting bet was placed.
1 Like
https://www.reddit.com/r/Crypto_com/comments/ul2tnw/joined_crypto_for_5_cashback_and_private_access/
to be fair, in about 4 months this might be worth again, lol.
My jade green stake is officially below 1k. You know what? I already removed CRO from my NW
3 Likes
It’s depressing how low it’s going.
2 Likes
Did they mention when that would be happening?
I think they are testing waters. What is a CDC card? If it’s not in a network, guess what happens with Netflix/Spotify ?
i dont really see how this should work. Its a nice vision but atm its just credit cards with extra steps.
Also the blockchain would be huge centralized (to get the needed transactions) so it really is not decentralized. Well…
They dont, they will implent some fuckery like alle the websites that “accept crypto” where it gets instantly convertet to fiat.
1 Like
I guess they want to get away from the visa/mastercard duopoly and keep the exchange rate spreads for themselves?
1 Like
„Unstake in 1 day“ (worth 971 chf)
1 Like
FYI: It will stay at “Unstake in 0 day” for several days before you can actually unstake… at least for me that was the case
do you lose the benefits (netflix, spotify & co.) now?