CROUSDT
Crypto.com Coin / Tether USD
crypto Composite

i lost so much investing in CRO.... worst investment of my life.

I stopped collecting them. It is nit worth me signing in everyday and click that Daily Reward crap. I still use the credit card, but I done with this going in everyday for 1.8 CRO. Not worth my thumbs effort

It’s still there, no problem at all. However, I don’t know if there’s a plan to phase out and end Onchain in the future. This new ULT App has no crypto coins as yet, except USDC/USDC, but the roadmap shows it will at some time enable crypto. As we know, they’re also reducing the staking rewards for CRO on Onchain down to 3%. This is part of the tokenomics change, where they want CRO to change from inflationary to deflationary. This is the main drive of the new ULT App, where all fees will be used to buy CRO and burn. Yet in my mind, if that’s the case, how will they, as a company, make a profit?? So, certainly in my mind there’s still a lot I’m missing in regard to where are we going, and what are the overall benefits to the trifactor, CDC/ULT Customers & CRO Holders. 🤷‍♀️

What happens to people that were staking CRO in the onchain app?

I feel bad for OP thinking CRO will make him wealth

Where can I see the daily revenue and CRO purchases with it?

Are people really going to be prepared to high pay fees? The fees have to stay low to compete with other platforms.
Burning a worthless token does not make it worth something. CRO still has almost no use in the real world.
The 70b unburn issue is still yet to be resolved, right now it looks like these tokens will be sold on the open market for profit for crypto.com.

Me to……I got 1,6 CRO. Happy we got 70billion after unburn

i lost so much investing in CRO.... worst investment of my life.

I stopped collecting them. It is nit worth me signing in everyday and click that Daily Reward crap. I still use the credit card, but I done with this going in everyday for 1.8 CRO. Not worth my thumbs effort

It’s still there, no problem at all. However, I don’t know if there’s a plan to phase out and end Onchain in the future. This new ULT App has no crypto coins as yet, except USDC/USDC, but the roadmap shows it will at some time enable crypto. As we know, they’re also reducing the staking rewards for CRO on Onchain down to 3%. This is part of the tokenomics change, where they want CRO to change from inflationary to deflationary. This is the main drive of the new ULT App, where all fees will be used to buy CRO and burn. Yet in my mind, if that’s the case, how will they, as a company, make a profit?? So, certainly in my mind there’s still a lot I’m missing in regard to where are we going, and what are the overall benefits to the trifactor, CDC/ULT Customers & CRO Holders. 🤷‍♀️

What happens to people that were staking CRO in the onchain app?

I feel bad for OP thinking CRO will make him wealth

Where can I see the daily revenue and CRO purchases with it?

Are people really going to be prepared to high pay fees? The fees have to stay low to compete with other platforms.
Burning a worthless token does not make it worth something. CRO still has almost no use in the real world.
The 70b unburn issue is still yet to be resolved, right now it looks like these tokens will be sold on the open market for profit for crypto.com.

Me to……I got 1,6 CRO. Happy we got 70billion after unburn

You’d think with all the CRO back in circulation they could be a little more generous

This could be really good. 100% of revenue generated will go towards buying CRO on the open market and burning it.
This will do a couple things.
Buying it on the open market will increase buying pressure. This will increase price.
Burning it will of course increase the price.
Then comes momentum. We’re going to be able to see how much revenue the app generates/burns. If this number (even if it starts low) continues to climb month after month it will be the perfect storm!
I was very surprised to see them say 100% but of course this could change. I do hope to see all 3 apps start using some kind of burn. Even 10% on the main app would be huge because of those massive spreads

How is this app related to CRO?

It’s mainly stock trading, but seems to be more through option trading, where basic stock trading is available on the Original App. There’s limited sports betting, and some perp trading there. But, no crypto, except USDC, so if you’re looking to swap from the existing Onchain (DeFi), you’ll lose your coins and they’ll end up in ULT in the form of USDC. (As already noted/confirmed previously in another thread. However, while there’s nothing here to really interest me at the moment, there seems a lot more to come that might be of interest, best to review & also go through the Cronos Labs Roadmap, provided:
https://cronos.com/strategy/
The above link also provides details regarding tokenomics, and how ALL fees applied in ULT will be used to buy CRO and be burned. This I believe is good news, but of course we’ve no idea how much this will be, or for how long this will be applicable, which is a critical element.