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Crypto.com have now rowed back on the revised CRO Reimbursement/Cashback - and agreed to waive the $50 card fee. It's still not enough IMHO.

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by COINS NEWS 170 Views

This is what CDC needs to do:

Kris, Bryan, Shawn, etc:

You guys have really got to start listening to your enormous and generally loyal customer base BEFORE announcing changes, then rowing back on them.

Whilst this latest volte-face is welcome, it makes CDC look incompetent, misguided, uncertain and unscrupulous. It's the second time in 48 hours you have had to row back on implementing an announced change due to ferociously negative feedback.

We only ask one thing of you as your customers: to be fucking consistent. So start talking to the community, gauging ideas and listening to feedback BEFORE rushing out these detrimental and ill-considered changes.

Yet again, this announcement looks rushed and misguided.

Who in their right mind is going to stake $40,000 for Icy/Rose (3%) when they can stake $4,000 for Jade/Indigo (2%). For God's sake, THINK ABOUT IT before you utterly destroy what was a wildly successful VISA card offering.

At the very least, adopt a sensible model that encourages adoption, tier aspiration and accumulation of CRO:

Blue - 1%
Ruby - 2%
Jade/Indigo - 3% (5% Staking Rewards)
Icy/Rose - 4% (8% Staking Rewards)
Obsidian - 5% (10% Staking Rewards)

How simple (and clear/logical) is that ... go with it CDC and watch us all bow down and flood back into your open arms like a spurned lover.

PS: Kudos for this part, but I fear it's already too late for many due to trust:

Current card rewards will be locked-in for six months if you re-stake before June 1, 2022

submitted by /u/sandygws
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