BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Crypto.com Ends Rewards, CRO Plunges 17%

by Dalmas Ngetich
May 2, 2022 - 12:00 am
in Blockchain
Crypto.com Ends Rewards

Leading crypto platform, Crypto.com has announced a massive slash in its user rewards. The announcement was made on the 1st of May, 2022.

The platform made it known that introducing the cut-down on user rewards was a difficult decision to make. However, it seems to be the best option at the moment as they look for other means to incentivize users.

The crypto platform reduced CRO token rewards on its visa cards and implemented a cap on the maximum amount of CRO tokens users can earn from spending with the CRO card. 

The platform has several tiers for its visa card; Midnight blue, Ruby Steel, Royal Indigo, Jade green, Icy white, and Rose gold. 

After the rewards revision, the Midnight blue and Ruby steel cards will no longer earn rewards for zero stakes. The Ruby steel will now earn a 0.5% reward for active stakes. 

Users of the Royal indigo and Jade green cards will get 0.5% rewards for zeros stakes and a 1.5% reward for active stakes.

Users of the White/Frosted gold will get a 1% reward for no stakes and a 3% reward for active stakes. 

The Obsidian card, which is the highest tier will get just 2% for no stakes and a 5% run reward for active stakes. 

The company also stated that it will cease staking rewards after a 180-day period is complete. 

Obsidian card users will now earn 8% less than they initially earned, while Midnight blue and Ruby steel users earn 1% less than before. 

Members of the crypto.com ecosystem have expressed their disappointment in the sudden reduction of user rewards. At the moment, many Crypto.com users are looking for alternative platforms with captivating user rewards. 

Following the revision, the price of the CRONOS token dropped by 17% within the last 24 hours. CRONOS now trades at $0.29 which is significantly lower than its high of $0.4 last week.

Tags: CROCrypto
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service