THELOGICALINDIAN - On Monday Cryptocoms Cronos CRO accelerate followed clothing with a aciculate bead afterwards the crypto barter said it was abbreviation some staking and rewards angry to its accepted prepaid Visa cards
According to Tradingview.com, the bread alone by 19% to $.265. On Sunday afore the announcement, CRO was trading aloft $.33 per coin.
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Crypto.com appear the changes in a blog post:
To ensure abiding sustainability, we are introducing a cardinal of changes to the CRO Card rewards programme, able 1 June 2022 00:00 UTC.
CRO Card Rewards Cut Down
Next month, the aggregation will abate the acceptance rewards on four of the exchange’s agenda tiers. The best exceptional tier, the Obsidian tier, will see a Cronos agenda accolade abridgement from 5% to 2%. In addition, the Icy White / Frosted Rose Gold bank accolade will be pulled bottomward from 3% to 1%.
The top bank of the company’s agenda program, Obsidian carries a $400,000 staking claim and offers up to 8% cashback at retailers.
According to aggregation policy, there will be a absolute on how abundant a being can acquire CRO agenda rewards for two tiers. For example, the Ruby Steel Agenda earns are bound to $25 or agnate in added authorization currencies like Dollars and Euros. While for the Royal Indigo/Jade Green tier, the cap is set at $50.
In Addition, Crypto.com is phasing out CRO staking rewards for cardholders. Cards accommodate Jade Green, Royal Indigo, Frosted Rose Gold, Icy White, and Obsidian. Staking rewards involves bread owners “locking up” or delegating a allocation of their crypto backing to acquire added absorption on deposits.
While answer staking rewards, the barter said;
Cardholders with an alive 6-month pale and who staked afore 1 May 2022 13:00 UTC will abide to acquire CRO Agenda rewards on spending at the accepted amount until their 180-day pale expires. Thereafter, the revised ante will apply. Cardholders who pale CRO afterwards their 180-day lock expires will acquire agenda spending rewards as per the schedule.
Cronos Price Performance
Since the alpha of January 2022, Cronos has been trading lower. The amount of CRO was over $0.50 at the alpha of the year, but it has been beat back then. At one point, CRO was abutting to sliding beneath $0.30. Cronos’ amount skyrocketed during the NFL Super Bowl. But afterwards that, there hasn’t been any assurance of a accretion as the amount of CRONOS comatose continuously.
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In the aftermost 24 hours, CRO started the day in green, but afterwards the aggregation advertisement amount comatose beneath $0.30. Since then, the bread has absent 19% of its amount and accomplished $0.26 everyman level.
