So how high can this go? I was perfectly comfortable with my position in MCO for the green card, but now with this CRO fiasco, I'm not sure if I really want to hold any excess CRO anymore.
CRO
idk
Stick with your green card and exchange your extra CRO every month for something else. That's what I'm doing, I'll be going no higher than green.
Yeah the even shittier thing is that the extra 50 mco I had staked I can't restake because of the retard way they handled the swap. HURR BONUS. Fucking idiots.
It was a horribly planned and communicated event. I know why they did the swap and didn't tell anybody, because everybody would have sold and a bunch would have exited the platform. Doesn't make it any less of a scumbag move. Moved most of my crypto off their Earn platform because I'm uneasy with trusting them with it now.
Yeah it's really hard to trust them with it and I find it frustrating because I have no problems moving everything to cro. Having one token is better value across the board for all imho. Especially since it seems very plausible they were dumping staked mco to suppress the price.
fuck that i'm going for black card, almost to white
this stupid fucking site has been trash talking CRO since it was .03.. it's going to $1
I'm fucking enjoying my 4% spotify netflix amazon free bitches
Same I guess but not much point if they pull the rug out in terms of cro value
The supply is so high and they can control the supply as well. It should be a very stable coin hovering around its current price.
Or they could just dump it to oblivion
If they did, they'd go to prison for life for fraud or black card owners who lost a lot would order an assassination.
CDC knows it's in their best interest not to fuck with people's money
or they could stake and mine you fucking retard
You got it. Get in. CDC is going to make it by manipulating the CRO supply. In the process early holders will make it to. So obvious but this board is too retarded to even see this.
This
I like CRO. the card perks, and the app. What I don't like is the prepaid nature of the card and the restrictions that come along with that. It would be great if they could get an actual license to issue a real visa debit card.
This, bit wouldn't that require them to issue new cards to everyone? They will never do that.
Comfiest hold ever!
>They will never do that.
Business wise, probably not a great tact. If a competitor comes around offering a better product and they lose members seeking an actual debit card, I would think their losses could eventually outweigh the decision to not pursue that as well. You can go through numerous support threads and see that the card is clearly a sticking point. The limitations on a prepaid WILL have people asking and looking for someone who can provide a better service. It's probably got something to do with the Metro Commercial Bank account being a custodial account and not being able to issue a visa debit on it. And its probably got a lot to do with current regulations. Time will tell but for now, I'm just using my card for the free shit and maxing out the monthly cashbacks.
Swipe is already a debit card no?
Cdc already manages to ask a ridiculously high $50 fee for replacing a card so I'm not hopeful.
Still waiting for my cro card for weeks now unfortunately. The stake is going to expire before I get that thing heh.
I don't think anything stops them from minting and selling more cro
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looks like its still a prepaid visa based on the limitations but I'd need confirmation. I'm only concerned with US offerings, and it seems like some of the information on that is still a little limited, I'm seeing info in support still quoted in some strange form of inferior fiat currency. If anyone's got any info, links, or confirmation that would be helpful
Based scammer
They've recently also lowered interest on Chainlink to 3% APY in their earn program. After my current term end I'm moving all my crypto off their platform. Only keeping the green card for cashing/spending crypto on a MEW that I will not report to my country's tax authority. Don't care about the €2500 I've invested in MCO/CRO, because I've got a shitload of linkies out of it.
What would be the limitations of a credit card vs debit? With Cro I sell crypto to get EUR and then I spend em, can't see a problem
I'm not looking for a credit card I'm looking for a straight up honest to god debit card, not the prepaid card that CRO has. Prepaid's can't be used at places like financial institutions mostly, buying crypto with a visa on the MCO Visa seems to not be allowed either. Spending limits, ATM limits, etc. They are also pretty heavy handed with trying to stop people from "gaming" their cashback systems, to the point where the card will randomly not work at certain places. Basically anything that doesn't use a Point of Sale merchant system is off limits for prepaids. These services won't ever become the "Crypto Bank" with those limitations because people will always need to have a traditional account for things like check writing and wires. Hell CRO right now even says wire transfers are "temporarily" suspended. There's been some support murmuring that people have had their accounts frozen or locked pending requests to provide "proof of income" and "bank statements". It's definitely not a system I'm willing to use as a primary checking and savings right now, as much as I think a lot of us would like to have something like that.
not to mention their support is objectively horrendous and needs a major scaling up.
I've ordered the red one of these with the intention of taking advantage of the free money and the 2% cashback. Obviously this only works if the 'free' exchange from crypto-->fiat ends up costing Tap on “Invited? Add Referral Code” and enter c66jzkvzdz --> complete KYC verification --> buy $180 of CRO and request red card (locks the $180 CRO for 6 months, can be withdrawn after that) --> receive $50 for free.
Damn did they really? Glad I locked in 6k stinkes at 6%. 3% is dogshit.
Prices are okay. Not great. Seems obvious to me they skim a few off the top. The exchange might be better, but since I'm an American, I have the freedom to only use their swaps
Ok thanks for the analysis, good reasons. I'm content with spending online and keeping my normie bank account anyways
yes i'm unable to stake ("poor")
Well I'm not even poor. But they locked up the bonus already so I don't have the 5000 cro to put in. I hate it
No problem brogatah
OOOOOOOO CRONIES