After the fall of the CRO, Crypto.com reconsiders its decision and reconsiders its offer

Suite à la chute du CRO, Crypto.com revient sur sa décision et revoit encore son offre

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The diminished benefits of Crypto.com have been badly received

We told you about this yesterday, Crypto.com has it all considered its offer on the various payment cards it offerssignificantly reducing the benefits offered by the latter, especially in terms of cash back and betting rewards.

However, the reactions did not take long to come, how can it countless negative comments below the announcement tweet, whose substantial changes are scheduled for June 1.

The price of the CRO, which has been declining since reaching the all-time high (ATH) of $ 0.89 in November 2021, decreased significantly after the announcement. So it reached its lowest price in the last six months, at $ 0.27.

CRO

CRO price for 14 days

In other words, the 22nd largest cryptocurrency in terms of market capitalization has lost 31% of its value in one week.

👉 Find our archive dedicated to Crypto.com (CRO)

The advantages were revised a second time

So in the face of resentment from the Crypto.com community, Kris Marszalekthe CEO of the company, took to Twitter to announce that they were finally going reconsider betting rewards.

“Therefore, we are reviewing card betting rates. […] Instead of eliminating betting rewards altogether, we offer a more balanced approach: 8% annual interest rate for private members (Obsidian, Icy White and Frosted Rose Gold), 4% annual interest rate for Royal Indigo and Jade Green cardholders. »

The modified reward system continues to offer rewards lower than currently in forceand the reactions to the CEO’s tweet are rather mixed, some users have announced that they have already found a more interesting competitor.

Some card providers dedicated to the world of cryptocurrencies quickly took advantage of the opportunity, as Wealth who did not fail to make a tweet not without irony:

“Have your rewards been reduced?” Looking for a new encryption card? Do not worry, we have covered you! »

As already mentioned in the announcement made on May 1, this drop in rewards for Crypto.com cardholders aims to ensure ” long-term viability the company’s.

It remains to be seen how the community will react to this new change in the coming days. The value of the CRO badge is slightly reassembled after announcementwith current price $ 0.29.

👉 To go further: Crypto.com (CRO) sponsors MIT Bitcoin (BTC) research

Source: CoinGecko

Graph Source: TradingView CRO / USDT

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About the Author: Maximilien Prue

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Passionate about the world of decentralized finance and the innovations that Web 3.0 brings, I write articles about Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
All articles by Maximilien Prué.



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