CROUSDT
Crypto.com Coin / Tether USD
crypto Composite

BNB made millionaires, CRO robbed everyone.

I have both BNB and CRO in my portfolio, although the BNB part is much much bigger than the CRO’s.
Also happens because it lost its value during the time….
But lets us not forget that they are 2 different types of coins, and BNB is part of an independent blockchain which will (allegedly) keep its value even if Binanace will collapse. Not the same thing with CRO though.

Can you provide anything positive then about CRO?

Exactly, they need to change the tokenomics and include a real burn program using a percentage of quarterly exchange profits. That way CRO and CDC could grow together. I see no other realistic future for CDC and CRO. I however fear it may be to late to testore trust after everything they did

As long as people do not understand that they mint CRO to distribute staking rewards and pay themselves off , so staking is basically useless. CRO is by definition 100% of loosers.

I've been half-following the Cryptocom news over the last week or two and the sheer amount of bad news hitting them all at once is actually wild.
Starting with the biggest red flag for me, that whole multi-billion-dollar CRO treasury deal (they literally tried to name the ticker "MCGA" lol) completely collapsed over the weekend. Marszalek spent months hyping it up, talking about how it would be the largest CRO holder on the planet and hold forever. Then they just scrapped the whole plan, along with the ETF deal tied to it. CRO instantly tanked below $0.05, which is the lowest it's been since late 2023. It really just proves that these treasury hype plays don't mean anything when there's zero organic demand behind the token. On top of that, they're lowering the card cashback and staking yields again starting in September and October. Rate cuts happen, but pulling the rug on rewards while people's tokens are actively locked in multi-month commitments is just scummy. Honestly, stuff like this is why I moved my yield generation over to Nexo, at least you aren't forced into long-term lockups just to get a decent rate.
As if that wasn't enough, their Chief Legal Officer, CMO, and the head of prediction markets all resigned in a super short window. Add in their earlier layoffs, ongoing regulatory fights, and that random 3-hour deposit and withdrawal outage on August 2, and it starts painting a pretty ugly picture... maybe I'm reading too much into it, but It feels like internal strain.
Is anyone still in a CRO lockup, moving else or are you staying with them despite the lower rates?

CDC just crapping on CRO holders as usual.

*Crypto West
@CryptoWestttt
12 Aug
Call @kris and say “What are you doing bud”. Let’s stop milking $CRO users like cash cows.
$CRO in 4 years hasn’t stayed past $0.20 in years bud 👍🏻
Time to burn 50 billion coins and get this thing attractive.*
Who is this genius 🤣

Lately, I have seen a lot of contempt for poor $CRO and I realize why? If bitcoin had the same problems and solana also and not to mention etherum, they all went through the same thing, I see it as an opportunity and someone says it who was both the bullish and bearish cycle and never thought to see another opportunity to buy more cro and if for the experts it is worth continuing to buy cronos to be able to do it, which I am doing now?

Twitter users are usually the first to get inside info. Probably why CRO is doing so well today.

Any link to official news? I can't find any, and it's been complete silence from Ryan and Kris.
Not even a single mention on what they gonna do with 70b CRO unburned after they trumped by TMTG

Why are we talking about 3% rewards when there’s 100% guaranteed 10% rewards on offer from the glorious CRO revolution under our new bullet proof tokenomics? Accept nothing less than 10% returns on your CRO. Make it work for your gains.

Don’t stake it for paltry rewards on cdc. Simple as that.
If you’re wanting a little yield, you can get over 4% on usdc/dt elsewhere. Think of CRO as a rapidly melting ice cube- it’s not for holding.
I was big into cdc and moderate on CRO back in the day. Things have changed. Best advice is to exit cdc entirely.

So far around 1500 euro worth since the start of this year. It is defi rebates from around 400k CRO, and the green card rewards and i also have around 100k CRO in supercharger

They burned their clients thankfully I unloaded during the last spike I never really valued CRO over five cents the sunburn just added fuel to the fire as they burned any trust people could have in them

To give u an idea, I put like 95 800 CRO in a CRO supercharger event for the full 30 days and got back 416 CRO. 416 CRO/30 days = 13.87 CRO/day, x 365 days = 5061.3 CRO/year. 5061.3/95 800 = 5.28% APR. I'm not even calculating compounding from previous supercharger rewards conversion (minus conversion fees if applicable)
So yes it is more worth it at current Onchain APR

They need to stop spending so much on marketing and focus on making CRO a utility that people actually want, like BNB - they have done it brilliantly and have enourmous structural demand, people need BNB. [Crypto.com](http://Crypto.com) feels like it's more "we would like you to have CRO".
BNB stick to their word too, when they burn something, it burns and they keep doing it, increasing scarcity whilst contuing to increase demand.
Also, Kris needs to be held accountable and answer for some of the descision making. Especially the 70BN unburn for "strategic reserve" which is clearly not needed, if we don't get a permanent reburn of at least 50BN I'll have lost all faith at this point.

Good you sold CRO. Good call

A few days ago I staked to unlock the plus level.
A few days after I received an email from crypto.com stating that stating from October 1st the cashback will be 1.5% and the cap will be lower.
According to EU laws, I should have a way to refuse and close my contact without any penalty, however crypto.com doesn't want to unstake my CRO and keep saying I have to wait the 365 days locking period.

Why not sell for BTC? I do this weekly with the CRO rebates by sending them to the exchange and selling for BTC. Minimale fees that way. You sell to USDC at the top and buy BTC around this time SMH