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23 Comments
I will be enjoying my 0.5% 😑
Yes, this does suck. I always felt it was too good to last. I also was not in favor of the CRO burn they did as I assumed it would end up hurting the rewards.
There goes my icy white down the drain. See ya 👋 Going straight into DeFi and see how long that lasts.
Is this April fools?
Talking about sustainability after spending more than a billion dollars in marketing for NBA, Formula 1 and the 2022 soccer world cup is a literal slap in the face. Thy are just ridiculous
I supposed this is the reason $cro crashed.
People are dumb. This is what they do to get people out then burn more. They did it once already. 100m to 30m. Trust me once people sell off they just gonna burn more. APY don't stay up all the time. Business is business. Gotta keep the business alive.
I’m gonna go out on a limb and say it’s SEC threatening the whole securities bullshit…..screw Gary Ginsler’s and his Lobbyist banks
Still getting indigo for lounge access and spotify 1.5% is not that bad
No staking reward is painful! 40k not earning anything.
The big appeal for me being an icy white holder was the 12%. All other benefits were secondary. Even the additional 2% on other coins is now pointless as can’t use the earn feature anymore due to minimal interest rates. I am not a big spender so the reduced 3% cash back won’t warrant me keeping the card I can earn more converting my CRO to stables. I loved CDC up until this weekend 🤬
wow…Bye bye cdc
I didn’t know that the Launchkey had a limit of usage ?
I suspected some cash flow problems for CdC back when they reduced apr for USDC. When I tried to move my tokens out to higher apr paying companies, the transfers were frozen (made to look like an fault?). My guess was that the USDC was being arbitraged, sold and other tokens placed in high yielding farms, or placed with other high apr providers, to cover part of their apr. And thus, they would have needed time to unwind their positions.
I was setting a few non crypto friends up to use the Jade card, but now it is less attractive to them with the new rates.
To max out that $50 a month you need to spend in excess of $3300. I’ve not managed $50 worth of spending rewards in a month even at 3% ! The staking rewards is a bummer. Shocked that it was completely removed rather than reduced!
People need to actively buy cros to get earn in defi.
But there is 0.5% cashback for a ruby and a 25$ cap monthly. This isnt a no brainer anymore.
In the next 6 months the sell preassure will be very high and there will be really low buyers imo.
I am also in cro since 2020 but this is by far the worst news they put out.
This mind games from cdc are not fun. And i played hose over 2 years now.
The slashes in earn warrented me to go back to indigo from icy. Now its a no brainer. I will miss the stake rewards
<The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. <But all thanks to Jenniferwilbur for her amazing skills for helping me to earn 19 Btc through trading chart. I believe we are in the spring phase…
The Big question has to be WHY? over 100s M for TV, Adds etc.. CEO said they had too!!! Sounds like an SEC thing! Why do US get to set all the rules for the rest of the world!
Been with them from last March…. I'm out.
They lost my trust the second they did this with 48 hours notice.
Nobody will apply for the card mark my words.
Social Media is slamming Crypto hard and so they should.
There is zero reason anyone will join!
Zero crypto credit (loans) the shittest rates for crypto earn and now zero incentive to get a card – why completely kill your retail customer base.
It is now COMPLETELY USELESS!
Keep in mind you can only spend upto 30K month regardless of what card you have. Not sure if that’s also been screwed up.
May as well remove the card completely.
In my opinion this will have no change on the bright future because of Cronos Ecosystem. I mean everyone should habe known that this will come one day and IMHO they userbase grew so exponentially high that they had to do stop throwing money out of the window. If a company wants to sustain, they have to earn money. Do not get me wrong, I also am disappointed at this stage but the positive thing is that the DeFi earn rate goes constantly up since yesterday – now at 12,25% at „Jerry‘s Pool“ as validator with 0 commission fee. I also will keep my card.
Cant have people earning more a month in rewards than in a job. You folks tought of that. Cro hasnt had a "real" mooning yet. On 3$ rewards will be mindblowing high. Cdc going for banking, finance. And theres the collaboration with Visa. Cronos is made for any fiat,any crypto, and Visas wallets. Not holding Cros is a mistake. Price increase will give more than any of your poormans lowtier rewards. Just saying. Its a reason for everything. Just look at what cdc have made. And think abit.. just a tip