Crypto.com will not cut cashback
The reduction in cashback and the abolition of staking rewards has stirred up the public so much that the Crypto.com project has abandoned the idea of cutting cashback.
The project's CEO said on Twitter today that their original controversial plan will not go ahead. According to Chris Marsalek, the company is ready to offer users a more favorable set of tariffs and conditions for working with the Crypto.com platform.
We've been engaging with the community all week about card rewards, and we're making a few more updates based on your feedback.— Kris | Crypto.com (@kris) May 5, 2022
The process has been far from ideal, but it's important to take your feedback into account, and deliver an attractive yet balanced offering.
For Ruby Steel cards, cashback will increase from 0.5 to 1%, for the Jade & Indigo product from 1.5 to 2%. The staking rewards will continue for at least another 6 months if they lock up the tokens before early June. You will not be charged a $50 fee when you re-issue the card.
Recall that information about the reduction in remuneration was received on April 30. This stirred up the crypto community, and a lot of angry statements appeared on social networks. Disapproval from users forced the company to reconsider its original plans soon after.
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