After a ton of backlash from the community, Crypto.com has been reviewing some of the decisions taken regarding the cuts on staking rewards and card cashbacks. A couple days earlier it was announced some staking rewards would stay in place, and today card cashback rates have been reviewed. Although it shows they listen to the community, I can't say my confidence has been restored; I won't stop using my card, but it's very unlikely I'll try and upgrade it, given how these decisions seem to be made.
2 comments
It is good news . However I don’t really believe that they are “ listening to the community “ . It’s more like they trying to stop the avalanche of people leaving or un-staking . It shows that they grossly underestimated the affects of the cutbacks. Or was it out of desperation… In any case it’s poor decision and management . After June there will be no point using the CDC platform anyways. Lot of other platforms have double and triple digit percentage on staking . I will also continue to use my card , but definitely not upgrading and most likely I will not renew it . As for Cro… time will tell sooner than later I think …
Things are not too clear, however there are unexpected changes