Crypto.com Slashes Card Rewards, CRO Tokens Drop 11% as Neighborhood Reacts

“Staking CRO tokens enabled rewards for customers and incentivized the usage of their debit card,” shared Edson Ayllon, Product Supervisor at dHEDGE, in a Telegram message. “Lowering cashback rewards decreased the intrinsic worth proposition of CRO. “That is just like how DeFi protocols use liquidity mining to draw belongings. It is usually supposed to bootstrap liquidity, and we see in DeFi that when the incentives dry up, usually the token value takes successful.”

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