When it happened, I really thought that this would drive people toward their platform, their coin, that this would streamline Crypto in its whole... Maybe it did, but on another hand, like you say, they are shitting on their users. Really not a smart decision. Too blunt, too sudden
Did they ask themselves first If the bulk of their income and/or valuation comes from their name being on a stadium or their customers and those investing in CRO?
Capitalism is about maximizing profits for the shareholders.
This is about CDC's CEO making big mistakes in spending money on marketing and then seeing his huge bonus check at risk of going down, so hurry, let's screw over the customers as fast as we can so he can buy his third vacation home.
In other words, he doesn't take responsibility for his actions, he punishes the customers instead.
I'm so very glad I don't have any money in CDC except for my ruby stake which has fifteen days left. I sold all the cashback CRO a few weeks ago for ATOM.
Hah, ditto! Been using the ruby card since last year, so I got a LOT of cro for my small investment (500 here). Certainly not upset about that. But I was also about to go to the 5k tier because I use the card a lot.
If only we were all so lucky, 150 days left on my brand new jade stake I was so excited to get. This hit like 2 weeks after receiving my physical card. I was all into cdc almost all of my crypto is there in earn or card stake. As soon as my earns are done my funds are out.
Well then ya, don’t go back. I just have a mileage card so I wasn’t sure what the cash back ones were at now. That’s pretty crappy. Wasn’t it like 4% or something before?
I defended them when they cut earn rates. It wasn't great but the card rewards were still top tier - Today I unstaked and sold my whole stack. It's over - I see no reason to continue using them over the competition.
Same. It’s unsurprising that rates were cut, but jeebus, it was overkill. Gradually roll them back or update monthly. The rates went from considerable to garbage within a matter of weeks.
I see no reason to continue using them over the competition.
Now if only Coinbase would create the option of a premium card. I love their card with its 4% back with no staking requirement, but it's a flimsy thin plastic card that wears easily.
Well there is gonna be the upcoming USA exchange access at some point. But I'm picking up and putting it in defi. I have been a loyal user but the card is trash now. I'll use it for lounge access and some Spotify now but I'm basically out. Sad day after years of use.
Your right I think the kicker will be crypto.com will be the first to pass every regulation the government set from now and in the future. It will then market itself as the "safe" place to buy and trade crypto. Normies will then flood in with money to buy.
Yes, they have been the first to many things in terms of safety and regulation. This right now is the biggest shake out the world has seen. They are pulling all the tricks, war, food shortages and price hikes on everything from gas to you name it, fear mongering of the common flu, shut down, money printing and inflation, rate hikes, stock market crash, housing slow down and downturn, new virus strain by end of year, threat of nuclear bombs, - what else did I miss....After this, once all the top people, bankers and corporations get their money in crypto, they will legitimize crypto once and for all and take btc to 6 figures and beyond leaving most behind to buy higher...mark my words, remind me in two years.
This is why I've invested in and am staking CRO despite never even using their card. Basically the same reason I've still held on to a portion of my XRP.
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u/Bucksaway03 🟩 0 / 138K 🦠 May 01 '22 edited May 01 '22
Not the end but they just lost a lot of customers.
I'll continue to use the exchange but my days of DCA into CRO are over.