Just two words - Celsius rullz! I am dissapointed again by Crypto.com, even if they try to survive as a bussiness. This is a major thing, nevertheless, after they did the 5000$ minimum trade rules to participate to their promotions.
I just received an email being informed that on Tuesday 13 October 2020, 09:00 UTC, adjustments were made to Crypto.com CRO Staking and Earn Rates:
• CRO Staking Rates: 6% p.a. for both Crypto.com App and Exchange
• CRO Earn Rates: 4% p.a., 2% p.a. and 1% p.a. for 3-Month, 1-Month and Flexible Terms respectively
• CRO Soft Staking Rate: 1% p.a. regardless of CRO staked
If you staked 10.000 or more before 13th of October, they will bring you the same rate (20%) until the deposit will finish the staking period. After the 180 days are over, everything will only get 6%. Everything you stake for the card, 6%. Everything you have on the Crypto.com Earn, 18% until the staking period ends, 6% after that.
If yuo didn't used your deposit bonus and Early swap bonus until now (14.10.2020), you will only get 6%.
Look at this scary graph, this happen when you are dissapointing everyone:
This is a big blow for savers everywhere, as i know many people using their app. As for me, as soon as the staking period ends, i will move all my funds invested in CRO in another form of investment. Maybe Matic or Synthetix on Celsius for 22.40% (at the moment). Check all the Celsius rates here.
Even BlockFi seems to have some enticing rates on USDC, GUSD and PAX (8.6%). Nexo is offering between 8-8.60% on USD, EUR, GBP, USDT, TUSD, USDC, DAI, PAX also.
I can only end with BAD, BAD Crypto.com!
Yours trully,
G.
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Disclaimer: This text also can be re-published on my personal blogs, such as this one.
