Via the CEO, Kris, Crypto.com has just announced that they have VERY SLIGHTLY increased the cashback rewards based on community feedback.
Essentially, this has allowed them to tank the price for a week and continue to throw tiny breadcrumbs in the hope most users will forgive them.
I am particularly fascinated by the introduction to re-stake before June 1 and keep all existing offers - because to be honest, I think most people were counting down the days until the they were free from their stake - and the peak of investors wads about to expire over the next three weeks.
The problem with that, is most people are down so they will have to invest more to re-stake at the ongoing rate.
Source from Twitter quoted below for reference.
"We've been engaging with the community all week about card rewards, and we're making a few more updates based on your feedback
The process has been far from ideal, but it's important to take your feedback into account, and deliver an attractive yet balanced offering.
✅ Ruby Steel cashback is increasing from .5% to 1%
✅ Jade & Indigo cashback is increasing from 1.5% to 2%
✅ Current card rewards will be locked-in for six months if you re-stake before June 1, 2022
✅ We will waive the card upgrade fee ($50) until further notice
Once again, thank you to everyone who provided feedback ????"
Source: https://twitter.com/kris/status/1522204322955935751?s=20&t=S7yM62K7yKZByz_s99NKDA
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