CRO

Trader0721

You can make 20% APR in a few countries…it’s where inflation is >20%…your cro will inflate faster than your APR…it’s called tokenomics and it’s what has killed DOT and ALGO…your boy Kris will print the sh*t out of CRO to “pay” consumers for their bitcoin. Cheers though…I hope it works out for you.

unpopularpuffin9

>i am not the one investing in and shilling CRO idiotic

biba8163

> idiotic i am not the one investing in and shilling CRO

Smiling_Jack_

It does not. Cronos is just another L1 in the Cosmos ecosystem just as Cosmos Hub (ATOM) is. ATOM, TIA, OSMO, CRO, are L1s built on top of the Cosmos technology stack.

biba8163

> a VERY generous exchange offer. Math must be very hard for you and must have been happy. But those who could count understood they got robbed and scammed > Gstay away from the crypto.com scam - they cheated ICO holders ...MCO holders should have receive 3165 CRO per MCO token at launch of CRO - this is the only way to have done this fairly. They have robbed us of our "potential" earnings as a 0.002% MCO holding is only worth 0.00001% of CRO holdings. - the potential to moon is gone. I consider this is to be a scam and robbery by crypto.com. you have shafted EVERYONE who has supported you in last 4 years for cheap profits and a ripoff of holders. https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/ > Try to check your outdated link list before you spam it all over this board It doesn't matter if the original post is deleted. The rest of the comments are there for posterity to warn people of this scammer and his mode of operations. I am happy to repost this and warn noobs about this scammer.

37wombats

I will check it out. I screwed myself last bull market staking CRO. First bull run for me and a fist full of cash went over like a fart in a wind storm. Went from .90 all the way down to rock bottom before I was able to unstake.

37wombats

I’m only on Coinbase so I don’t think I can get airdrops? I tried messing with bridges and all that on another platform back in 2021 and flat out lost my ass 15k. Lesson learned I don’t know enough about it. My loss was due to locking up in a stake for 6 months CRO right at the top lol live and learn.

biba8163

> I have pretty strong conviction in them in a sea of other smoke and mirrors platforms cough ftx cough celsius Smoke and Mirrors is asking if Crypto.com is the best, safest exchange and CRO shills spamming the thread with positive reviews of the exchange and the virtues of holding CRO. No, no, don't use an exchange like Coinbase which Blackrock uses and is the custodian of ~$17 Billion of their BTC or custodian of $20+ Billion of GBTC Bitcoin, Crypto.com is the safest and has the best security. https://www.linkedin.com/news/story/blackrock-files-for-bitcoin-etf-5318689/ Kris Marszalek is a scammer and will be happy to make you a bagholder forever. From 2017-2019 Crypto.com/Monaco was accepted as a known scam and Kris Marszalek was a known scammer with repeated warnings them many many times. Those who didn't listen are now holding bags and shilling. https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/ https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/ https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/ https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/ https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/ https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/ https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/ https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom_is_a_scam_do_not_use_it/ https://np.reddit.com/r/CryptoCurrency/comments/jf8bx4/history_of_kris_cryptocoms_ceo/ https://www.cnbc.com/2022/12/09/cryptocom-kris-marszalek-involved-bankruptcy-offshore-holdings-client-money-monaco.html Remember this scammers lured people into buying thousands of dollars of worthless CRO tokens and locking them for months to get s

crytofurbi

CDC is great for newbies, holding, locking up rewards and debit card uses. Bad for short trading due to higher spread and fees. It had some issues with customer service but now it seems improved. Hugely underpriced token CRO. Overall very bullish on CDC. #crofam

VeganMortgageAdviser

I also hold a lot of CRO. 6 figure sum but I'd never sell BTC for CRO. I'm only selling BTC when I have enough to retire on.

VeganMortgageAdviser

He doesn't hold any crypto other than CRO for their Visa card. But even if he did, nothing stops him from putting fiat onto an exchange and then giving them access.

AdditionalAd6796

I’m a big Crypro.com guy. Sold one Bitcoin for CRO in November and am taking in rewards with my Icy White card.

CointestMod

#Crypto.com(CRO) Con-Arguments Below is a Crypto.com(CRO) con-argument written by a deleted user. > Crypto dot com (aka **CDC**) is a multi-purpose crypto platform known for its extravagant marketing campaigns such as purchasing its namesake domain name and the naming rights for the former Staples Center. It also has an exchange that's still not available in the US (though finally open for waitlist). > > I was their customer for 1.5 years, but left a month ago. It's frustrating seeing how much they spend on marketing and influencers instead of improving their platform. > > ## CONs > > - **Better competitors**: CDC's has many competitors with more features, lower fees, or better and easier-to-navigate websites/apps. CDC's platform tries to do many things, but it does everything subpar. The only thing that makes it really stand out is their debit card, which offers higher APY benefits for CRO and its earning platform if you stake large amounts of CRO. Though given how they've been slashing rewards across the platform, we don't know how long they can maintain their popularity through those rates. I've always suspected that these are promo rates that are only being maintained through their higher fees being charged everywhere else on their platform. (May 1st edit - CDC completely slashed their rewards for their cards: https://crypto.com/product-news/crypto-com-visa-cards-update. Except for the 2 highest and most risky tiers of staking, there's no point to using this card anymore. They've destroyed the best part of their platform.) > - **Focuses on marketing, not product** - CDC relied on marketing strategies that were designed to attract as many customers to their platform. Many basic features have been neglected. ACH transfers (specifically pulls) from banks did not exist until recently. Nearly all of its CeFi competitors (Gemini, BlockFi, Celsius, Nexo) have a desktop app for their main platform. CDC's platform is mobile-only and has been for years. I suppose its Exchange has a desktop site, but that isn't available in the US, and most of CDC's features are not related to its exchange. Instead, they focused on buying up tons of advertising (Stapes Center, Matt Damon's "Fortune Favors the Brave" campaign, LeBron James campaign) when they could've improved their products. > - **No US exchange**: Every couple of months, CDC's owners state that the US platform is coming in 1-2 months. I've been waiting since the start of 2021. They dropped multiple hints of a summer 2021 release, later delayed to Q4 2021. Now it's finally been released, but there's a waitlist for institutional investors, and we don't know if it'll be ready before the end of the year for the rest of us. > - **Massive spread and fees**: Those fortunate (or unfortunate) enough to have access to the exchange end up paying massive spread and fees compared to its competitors. It'll depend on what you buy, but the fees/spread are often 5x larger than those of Binance. It's not uncommon for fees to end up costing 3-5% of the transaction. > - **Lack of app security** - There is no password protection or 2 factor authentication for login on the mobile app. When you sign in, it sends your email address a link to use, making email the single point of failure. It was only after the Jan 18th hack that 2-factor was forced on, and even then it is only used for withdrawals and for bank-related settings changes--not for login. They need to take security more seriously. > - **Poor handling of the Jan 18 hack** - 400 accounts were hacked [by bypassing 2FA on Jan 18, with $33M stolen](https://cryptobriefing.com/days-after-alleged-33m-hack-crypto-com-still-silent/). Even worse, CDC forcefully-disabled 2FA on all accounts without warning. Barely any customers received emails about CDC crippling their 2FA. People only found out through social media or logging into their apps. They do have ISO IEC 27701 certification, but that's for privacy, and it's a joke to market it as security certification. > - **Poor handling of MCO swap** - Before CRO, CDC used a different ICO token to fund their platform called MCO. They cannibalized MCO to fund CRO, forcing everyone to swap to CRO at a fixed rate without adequate warning. > - **Too many large US banks block CDC**: My banks and credit cards work perfectly fine with Coinbase, Gemini, BlockFi, Binance US, Kraken, and FTX US. The only one they block is CDC. I don't know why so many large banks block it, but I suspect it was due to too many reports of shady activity or upset customers. The only way around this for many banks is to perform an ACH push from the bank side. Using CDC was the first time in 20 years I had to do an ACH push. > - **High withdrawal minimums** - Many of CDC's popular coins require a [minimum withdrawal of $25-50](https://crypto.com/exchange/document/fees-limits), and they still charge you a large withdrawal fee. Most ERC20 withdrawals are $25, and the BTC withdrawal is currently $20. Minimum withdrawal for fiat is $100. You're going to see high withdrawals unless you use their congested Cronos network or BEP20. > - **Cronos network often congested** - Since launch, their Cronos network has often been congested. It can take anywhere from a couple minutes to a full day to transfer any token. That's exceptionally bad for a mostly-centralized network that's modeled similarly to Binance Smart Chain. There was massive congestion in early April 2022 due to some coin launches. If they're getting congestion this early on, they're not going to be able to handle anywhere near BSC-levels of network activity. > - **Larger rewards require staking and locking CRO for 180 days** - Too many rewards require staking CRO for 180 days, during which it is completely locked. Many users bought CRO above $0.90 and couldn't sell when it halved in value. This is a huge risk. > - **Loot boxes** - CDC has gamified their platform and introduced loot/gacha boxes that provide trivial rewards for completing small tasks or making purchases. The rewards are embarrassingly small (nickle to dime values), and they're eclipsed by the higher fees paid to reach those rewards. You're better off using a cheaper platform for trades. > - **Cultish social media community** - Fortunately, this is no longer a big issue now that CRO has fallen 60% from its all-time high price. CRO investors who joined late 2021 have now had time to experience the massive flaws of CDC's platform and woken up from their drunken stupor. But rewinding to around the time CDC bought the naming rights to the former Staples Arena, CRO went viral and shot up 5x. For the next 6 months, their community went from slightly cultish to absolutely and unbearably irrational (similar to the Loopring and SafeMoon communities). There are still many CRO shills and way too many pictures of people's debit cards, but the community is much more balanced now. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by SasukeUchiha248. > This coin has been done dirty. > > > CRO, or [crypto.com](https://crypto.com) coin is a crypto based off of the [crypto.com](https://crypto.com) app. > > > I won't state anymore facts since it will be boring if I just reword the Wikipedia page and [Crypto.com](https://Crypto.com) news. But here's my analysis and reasoning: > > > Why bullish on CRO for this month?: > > > Crypto . com app has suffered a major hack situation recently, causing the price to plummet 50 cents down from its 90 cent ATH. (price of 1 CRO is approximately 40 cents at the time of this writing). Unless another hacking problem disturbs CRO (which is highly unlikely as the company probably set higher firewall system) the price will most likely correct itself to higher position. Buy low, sell high, and right now, CRO price is very low. > > > Although I cannot find recent news on CRO on [coinmarketcap.com](https://coinmarketcap.com), this seems very strange to me. Crypto . com company, who has bought the former Staples Center, and is a very widely used exchange, stays this quiet. Of course, the situation with the hack most likely caused CRO company to back off the socials, but this also means that unless CRO want to go bankrupt, CRO company will release a news that will pump the coin's price. > > > Additionally, despite all this commotion, the number of CRO addresses increased, meaning that the situation has not decreased the amount of users of CRO. > > And in the overall picture of the crypto market, we can clearly see that the market is down by a lot. Bitcoin is down to 37k, which is very low considering the fact that it has been traded at near 70k few months ago. Most likely Bitcoin will rise, and as bitcoin rises, so will other cryptos like CRO. > > > This is more of an analysis/opinion of mine, for more detailed info, please DYOR, theres bunch of information available on wikipedia and other crypto news sites. Its just a few clicks away from research, I did not want this post to be another wiki page. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

Crypto.com(CRO) {{pros}} & {{cons}} with related info are in the collapsed comments below.

Traditional_Act_2107

CDC is amazing tbh Thats the main reason ive been buying CRO like non stop for the past months lol

John_Crypto_Rambo

Absolutely not.  Use a real exchange like Coinbase, Kraken, or Gemini. Be wary of these comments it is probably CRO token bagholders. https://www.cnbc.com/amp/2022/12/09/cryptocom-kris-marszalek-involved-bankruptcy-offshore-holdings-client-money-monaco.html

Overclocked11

Its the reason I went with their card long time ago and have been steadily accumulating CRO. Say what you will about their history and some of their unpopular decisions, but they make the tough decisions for the better of their platform and ecosystem. Honestly I have pretty strong conviction in them in a sea of other smoke and mirrors platforms cough ftx cough celsius

d_d0g

Crypto.com taking baby steps. That’s why I HODL my CRO.

Pollishedkibles

i would not dump 10k all into 1 project but here are a few i would divide it into Jasmy, hbar, swftc ,ICP, GFI, XCN, CRO

T2LV

-10x as in lose everything? No. I lost a lot of CRO in 2021 but everything went down fast. If you’re new, looking for 10x is a horrible idea TBH. Buy ETH, BTC and maybe a few top 50 alts you like but nothing risky. Use this bull run to learn and watch. Watch how coins pump and dump. Watch coins that look like they are about to pump and then check back a new weeks later and see if you were right or wrong. Then use next bull run for all the information you have to be put to use. You know what to watch for. I have known since Fetch.ai was $0.08 that it would pump. It retracted back to 0.18 later on but I could sense it was about to outperform market, pumped in a bunch at .20 and it’s now $2.50 and rising.

biba8163

"Useful Cryptos" are much bigger scams than the meme coins. The bigger fools are the ones that invest in "Useful cryptos" with "utility" and "great tech" and call out meme coins as scams. At least meme coins don't lure you with lies, bullshit hype, scam utility and meme tech - all founders, however, do get most the supply and filthy rich off shitcoins. - The 3 Ripple Founders awarded themselves 20 Billion coins (20% of the supply) and Ripple (OpenCoin) kept 80 Billion. These scammers told bamboozled low IQ crypto investors into believing banks were going to use their XRP... > I started working on ripple in the summer of 2011. I soon hired Arthur and David to help me. In 2012, I met Chris Larsen. He joined us about 5 months before ripple was launched. Chris, Arthur and I kept 20 billion XRP, of which 9 billion were mine. We gave the remaining 80 billion to OpenCoin. - Jed McCaleb https://web.archive.org/web/20150418092231/https://xrptalk.org/topic/2629-selling-my-xrp one of the scammers, Jed McCaleb after leaving Ripple, founded another shitcoin Stellar and has gotten so rich he is building his own space station https://www.cnbc.com/2023/02/21/jed-mccalebs-vast-acquires-launcher.html - CRO oh so much utility...create 100 Billion tokens, give it to themselves and dump on investors to pay over $1 Billion to name a basketball arena, run superbowl commercials, pay Matt Damon, Lebron James, etc to lure more gullible noob investors 1. 100 Billion Tokens created 2. 70 Billion Burned 3. 100% circulating supply 4. 100% Decentralized!!! https://web.archive.org/web/20210222060041/http://blog.crypto.com/70-billion-cro-to-be-burned/ - Algorand founder Silvio Micali gifted himself 20% of the supply of tokens and "the Foundation" used money collected from investors to buy FIFA partnership, buy some dead filesharing companies like Napster and Limewire in order to hype up a project to lure more dumb investors. - In 2018 Vechain was sold as the most enterprise used blockchian with trillions of transcations expected. Vehcain has used that investors money to pay $100 Million to the UFC in a partnership to verify fighter gloves to lure more gullible investors https://medium.com/@vechainofficial/an-open-letter-from-sunny-lu-ceo-on-vechainthor-platform-b52d47cd0efd https://medium.com/@vechainofficial/vechains-collaboration-with-slowmist-and-other-private-firms-to-secure-the-vechainthor-blockchain-8ed186c00f17

organisednoies

This guy sounds like your average CRO and CDC user. Ive read post like this before. Hopefully CDC don’t make changes to their policies and ruin your bag.

SpecificTrading

Why CRO? Am I missing something cool?

A3rdRanger1776

I agree. It’s almost impossible for CRO not to be at least $4 by 2031! Some predictions suggest even more, but I’m suggesting the lowest prediction. Major investors gave up on the Cronos platform, but with the VISA card, better rewards, the new meme coins, all the DeFi wallet earnings…it’s gaining traction again

A3rdRanger1776

I agree ☝️ with the majority of what you said, but the $2.17 prediction some people are saying by 2025 is ignorant. I gave you a “like” for the rest of your post. I also sold my .25 BTC at $72k and put it into CRO for the 20%. The “math” just worked out to well over 365 days!! The 20% is paid out “weekly”, so you can reinvest the profit all year long as well. That can equal a 25%. That’s more than BTC is going up by!!

Fuglypump

CRO is going to reach $1 when cdc launches the exchange in the USA by the end of Q4 2021

Dabs97

CRO

KateR_H0l1day

You’re jumping to many conclusions with zero evidence, yes I have CRO & the crypto card, I’m also up quite a lot of money, even at today’s prices. However, I have over 30 coins in a three tier portfolio, my total portfolio is green, but my gains alone in CRO make a mockery of what you’re saying! I did say very clearly, that it always depends on when you buy and sell, as to how well you will do. However, I’m sad to repeat that you clearly still don’t understand markets & business, but I wish you luck 🍀

shostakofiev

I see you are heavily invested in CRO so I don't expect you to think rationally about this. Yes it was good practice by Crypto.com to reduce the rewards they couldn't sustain. But it continues to be bad practice to "invest" in a rewards program whose value is based on how much a private company can pay to prop it up. I didn't have a Crypto card, or Pluto, FTX, or Celsius. Wouldn't want one. I wasn't one of the people complaining about them lowering rewards, I was one of the people criticizing those people for not realizing that was inevitable, and with it, the crash of CRO. CRO is about a good an investment as Dunkin' Rewards points.

ALiteralHamSandwich

Wait... Isn't this 2024? We're talking about CRO again?

KateR_H0l1day

So very true, but I’m also confident that CRO & ADA won’t 20X from here, or even from the bottom in this Bull run.

Drspaceman1717

How do they pay for promotions… by diluting with more CRO rewards.

BushyOreo

Say that to the people who bought CRO at $0.90 back in 2021. They are still waiting to break even

shostakofiev

Lol, CRO is the worst choice for this. The only reason it has any value is because Crypto.com gives incentives to people to use it. The price crashed last time they reduced those benefits. What happens when they hit financial trouble? CRO will be worthless.

LowPossibilityOfRain

Let's say the top in Alts is in January 2025. In April, when your investment unlocks CRO is down 35% from the top. How will you view the 20% CRO investment then?

unpopularpuffin9

This isn't going to be cdc's only promotion. Kris and the team are promoting CRO hard, and this is merely the start.

GMEthLoopring

P.s. you’re late lol Everyone who staked for a year before you for the stupid Apple promotion, is gonna dump CRO before yours unlocks You gotta be early to lockups if you don’t wanna get dumped on…

Practical-Metal-3239

CRO Visa users got burned hard by rewards cuts and subsequently the token price. How is this coin still talked about still after what happened last bull run. Did they bring cash back up to 8% again?

TheFishMan15

CRO - Mostly for the Visa card that I’m using. Long term & hodl is my plan

Thin-Supermarket-605

CRO or Ve, both have high chances of going up. First for its hard advertising culture and the other one for the future possibilities of use in EU.

Traditional_Act_2107

CRO

Digital_Scarcity

The most sus thing about them, is the same reason why we don't tolerate crypto shitcoinery here - they created their own money (CRO) for zero effort or cost, and trade it publicly for their benefit. You don't get to just print your own money and use it without being *morally* bankrupt at the very least. It's the pinnacle of scummy behaviour - the same behaviour as banks + government that led us to the fiat situation we're all in now.

apstl88

Good memes are saviours. I am satisfied with my DOGE position as well. DIA made me some money in the past few days, I can imagine what will hapen after the new tokenomics. Waiting for ROCK to explode, maybe after Tokio2049. There are things that are not going down that easily. It just take some time to find em. Is token migration over on CRO, btw?

After-Pickle8281

If you visit the CRO sub, I've posted today a photo of a restaurant accepting crypto (ETH, BTC, BNB) and among them, CRO.

jonnytitanx

This reminds me of myself a few years back. It's really good advice. Don't sell out of panic and don't buy out of fomo. The only time this doesn't apply is when there's significant bad news about a project. Like Luna crash. Or CRO cutting card rewards. Eventually, your perspective will change to a successful one if you learn to fight those emotions. Now, when I look at charts and go "Damn, it's a bloodbath!", I buy. After I've held and start feeling like "Is this just going to keep going up forever?" I sell. Basically do the opposite of what your fear/greed is telling you to do. Can confidently say, I have zero of my own money invested now. It's all off the table. The dips are less scary when you've been taking profits along the way and are playing with house money.

jwz9904

should i buy more CRO? i am an indigo card holder

marcz_z

CRO shows very good resistance recently to the drops compared to other alts. Does it mean anything? Who knows.

Smart_Field_3002

I use passively invest in CRO via cashback. So yeah that is using in my daily life.

TAGSProductions

I don’t think I would have been a millionaire but a few hundred thousand would’ve been possible. I was impatient. There were a lot of tokens (holo,vet,civic) I bought in and hold for 1-3 months then sell cause it went slightly down or didn’t move much. But if I held just a lurker longer I would have caught some great pumps. Then the kicker, the one time I decided I would practice a form of patience, I got wrecked! Staked CRO when it was like $0.80. I was worried but cause it’s locked and thinking long term but it just never recovered

CointestMod

#Crypto.com(CRO) Con-Arguments Below is a Crypto.com(CRO) con-argument written by IAmGiff. > Let’s dive into CRO's negatives (here’s my [related take on the pros](https://np.reddit.com/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/hvb6h1j/?context=3)). > > **Centralization** > > I began my post on the pros by noting the fate of CRO is obviously inextricably linked to the fate of the parent company (Foris DAX MT (Malta) Limited, founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives would drive adoption of the coin. The flipside of this is failures and missteps of the company would drag down CRO. > > The company has taken steps to decentralize the actual validators of their chain, but there’s really no question the company’s actions could hurt the coin. With that in mind: > > **Security Concerns** > > Obviously the biggest risk to *any exchange* is getting Mt. Goxed. > > Crypto.com seems to work hard on its security but, still, the company very recently had a hack that [stole 4,600 ETH](https://www.coindesk.com/business/2022/01/19/cryptocom-ceo-acknowledges-400-customer-accounts-were-hacked/) and some BTC. Although customers were kept whole, it was a pretty bad breach as hackers somehow circumvented a 2FA system. They've since taken steps to improve security, added whitelisting, and are rolling out a new account protection program (with apologies to Cardi B, the unfortunately named [WAPP](https://blog.crypto.com/crypto-com-security-report-next-steps)). > > Look, security-by-obscurity can be a valid idea, but the company hasn’t been completely transparent about how the hack occurred. This type of thing can still be a risk. > > **Poor Customer Service** > > If you spend any time on the crypto.com sub you will see two main things. 1) People excitedly posting photos when their card arrives (bullish!) but 2) people angrily posting customer service complaints including loooong delays getting their cards (bearish). Even the biggest fans have to admit many people find the customer service experience to be very frustrating and inconsistent right now. While there’s a viewpoint that it’s just growing pains, it’s really not a good excuse. If you’re going nuts on marketing, and asking people to invest $4K or $40K for a card (!) you need to invest in customer support that can keep up or you risking driving away customers for good. > > **Opaque Fees** > > The fees are a common/fair complaint. The app takes a spread that's 1) non-transparent 2) variable 3) difficult to calculate on your own and 4) in some reported instances, apparently quite high. Someone using the app to regularly trade crypto could lose lots of profits to these fees. I don’t use Robinhood but understand it has a similar invisible spread and while people initially loved it, and some mistakenly believed they were buying with no fees, over time people wised up and become more aware of this losing proposition with Robinhood. I feel like everyone hates Robinhood now. There’s certainly a possibility that ultimately customers would rather just see exactly what they’re taking as spread, and that hiding it from your customer is a bad practice that will catch up with you. > > **Product Limitations** > > New customers frequently don’t realize limitations of the products. Sometimes they didn't read the materials, yes. But sometimes it's complicated or unexpected. > > For example, you cannot load money on the pre-paid debit card and turnaround and use it to buy crypto on crypto.com. It’s a silly idea to load money onto CDC, offload money from CDC to the card, and then try to buy back onto CDC. (Just load the money onto CDC and buy crypto, without the extra steps, obviously) But there’s no denying it makes people incredibly mad when they learn they can’t do this. Relatedly, once you’ve loaded the card, there’s no easy way to unload. Sometimes this is just bad planning, but sometimes people loaded the card for a large purchase, found they were unable to make the purchase, and then had no way to get funds back. > > A standard feature of pre-paid cards is you can’t earn rewards on every category of purchase. Also, though true of all pre-paid debit cards, you have to load then spend, rather than spend then payoff later like a credit card. A lot of people would prefer a credit card. > > Due to regulatory constraints, not all of this can be fixed. But the company could fix some and certainly do more to warn people. In the meantime, some people get driven away. > > **Switcheroo Risk** > > If you’ve been following CRO for long you’ll know the company was once known as Monaco, and its currency was MCO. Then it bought the crypto.com domain, launched CRO and eventually retired MCO in favor of CRO. There’s a fair [discussion of what went down here](https://zeroverge.com/crypto-com-has-changed-the-rules-of-the-game-mco-to-cro-swap-83c33f66633d). MCO holders had a window to exchange their MCO for CRO (in hindsight it was a sound move to do so) but there were a lot of questions at the time about fairness. Many people felt like the whole thing was a switcheroo. > > Despite this transition ending up fairly successful by many measures, a lot of people have speculated that the company could someday dump CRO in favor of something new, and there’s no guarantee it would work out as well next time. > > **Too-Good-To-Be-True APYs** > > There’s good reason to believe 10%+ interest rates won't be sustainable indefinitely. But who really knows because there’s limited information available about how the company is paying such high rates. Is the company recycling trading fees to prop up APYs? Is it spending its treasury to do it? I’ve never seen clear answers. > > The company has disclosed it has a CRO supply for the purpose of subsidizing validator rewards, with the goal of decentralizing their chain. Is it also using these funds to prop up Crypto Earn rates? What happens when that war chest runs out? Is it a temporary promo rate? What happens if the system turns out not to work the way people thought? > > A lot of people believe they’re just giving users a higher cut of borrowing than banks do. But I don’t think the company has actually claimed this. And the math for this claim doesn’t really add up because lending rates aren't that high. You can’t pay 12% interest to depositors (under this explanation) if you’re not lending to someone else at 12+%. > > If anyone has seen a detailed accounting of any of this, I'd love to review it. > > **Leadership** > > For the sake of completeness, I’ll note some people have concerns about the past activities of senior leadership. You can [read this](https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming) and make your own decision. I personally think the story is overblown. > > **Limited US Functionality** > > The lack of a US exchange is a big limitation. Everyone knows this. Also, if you’re just on the app the research tools are incredibly limited. You can only see 6-months of charts, there’s virtually no information about what you’re buying, you’re vulnerable to the fees above etc. A lot of people (Rich Boomers, elder millennials, etc.) just aren't ready to trust meaningful funds to something that's a limited app. > > **Chintzy Missions** > > This might seem minor, but some people hate “Mystery Boxes” in the app. It’s a little gamification, but the rewards are so low (most boxes earn the equivalent of finding a dime or two in your couch) that many people would rather have nothing than get small amounts of free CRO. You can be the judge of the logic there, but there’s no question people get mad about it. The Mystery Boxes do seem to incentivize some people to make purchases they would not otherwise make in order to collect boxes. > > *Ultimately, the bottom line to all this: CRO will suffer if crypto.com alienates its customers.* > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. Despite the cons, I’m personally bullish on CRO but I never want to be blind to the risks of an investment, so I thought hard about this. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

Crypto.com(CRO) {{pros}} & {{cons}} with related info are in the collapsed comments below.

TardyMoments

I had $38,000 of CRO sitting in a crypto.com wallet at when it was worth about 90c per coin, just waiting for it to hit 100 to sell, and then they bought the staples centre and I thought “holy fuck this is gonna blow up” and then Matt Damon was in their ad and I thought “OMG!!” And then it plummeted and has never returned

KateR_H0l1day

CDC, price increase as you dollar price increases, seems so counterintuitive to me but I did numerous checks to confirm. When I was upgrading my card I’d a lot of buying to do, started with 10K CRO buy, then 5K, I ended up buying lots of 1K CRO buys in a day. A complete pain to do, but………. CDC has low purchase amounts as a minimum requirement.

TheFinalCountdown786

CRO still standing strong in this bloodbath.

unpopularpuffin9

Not CRO. CRO is doing juuuuuuust fine.

KateR_H0l1day

I regularly buy the dip, have many coins and often I’ll buy quite a few, but can buy very regularly at ~$10. I also realized buying bigger amounts you actually get less coins, at least where I’m buying! Today’s been a good buying day, yesterday swapped all my MATIC out to a dip, it wasn’t much but that’s me finished with MATIC for this Bull. Interesting that FER, leapt over 200%, sold it all to USDC, then CRO/KSM & Helium Mobile dropped over 12% So, bought with the MATIC sale into those three in the last hour, CRO & KSM both staked and here we are again. Back to watching for dips 😂

Re_LE_Vant_UN

3 things: Cronos meme coins trying to be a thing. 20% CRO lockup apr (limited time) And free apple or Samsung product with card or card upgrade (limited time)

jwz9904

my CRO is doing better than my ADA stack.

Re_LE_Vant_UN

Cronos chain meme coins are starting to try to break out. We'll see how it goes. I like CRO but this crob mob coin feels forced and artificial. More than usual, I mean.

vinsanity_07

Well hopefully the oil habibis buy some mf CRO

Ok-Objective8675

CRO is going to explode in the next few weeks

jawni

I gotta assume you looked at the article because the headline doesn't mention VARA, but that just begs the question of how you say it mention VARA but still don't know why it was included, the context made it pretty obvious. >Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced today that its Dubai entity, CRO DAX Middle East FZE, has received full operational approval from Dubai’s **Virtual Assets Regulatory Authority** (VARA) and is launching the Crypto.com Exchange for institutional investors as its first operational milestone.

jwz9904

they are offering 20% for CRO if you lock them up for 1 year

Shiratori-3

Maybe CRO is on track to have some sort of boost in the upcoming; noticed full Dubai, and South Korea market entrance announced this last couple of weeks 🤔 Kinda seems like they've been doing some solid building. https://twitter.com/kris/status/1777599194074698071

CointestMod

#Crypto.com(CRO) Con-Arguments Below is a Crypto.com(CRO) con-argument written by a deleted user. > Crypto dot com (aka **CDC**) is a multi-purpose crypto platform known for its extravagant marketing campaigns such as purchasing its namesake domain name and the naming rights for the former Staples Center. It also has an exchange that's still not available in the US (though finally open for waitlist). > > I was their customer for 1.5 years, but left a month ago. It's frustrating seeing how much they spend on marketing and influencers instead of improving their platform. > > ## CONs > > - **Better competitors**: CDC's has many competitors with more features, lower fees, or better and easier-to-navigate websites/apps. CDC's platform tries to do many things, but it does everything subpar. The only thing that makes it really stand out is their debit card, which offers higher APY benefits for CRO and its earning platform if you stake large amounts of CRO. Though given how they've been slashing rewards across the platform, we don't know how long they can maintain their popularity through those rates. I've always suspected that these are promo rates that are only being maintained through their higher fees being charged everywhere else on their platform. (May 1st edit - CDC completely slashed their rewards for their cards: https://crypto.com/product-news/crypto-com-visa-cards-update. Except for the 2 highest and most risky tiers of staking, there's no point to using this card anymore. They've destroyed the best part of their platform.) > - **Focuses on marketing, not product** - CDC relied on marketing strategies that were designed to attract as many customers to their platform. Many basic features have been neglected. ACH transfers (specifically pulls) from banks did not exist until recently. Nearly all of its CeFi competitors (Gemini, BlockFi, Celsius, Nexo) have a desktop app for their main platform. CDC's platform is mobile-only and has been for years. I suppose its Exchange has a desktop site, but that isn't available in the US, and most of CDC's features are not related to its exchange. Instead, they focused on buying up tons of advertising (Stapes Center, Matt Damon's "Fortune Favors the Brave" campaign, LeBron James campaign) when they could've improved their products. > - **No US exchange**: Every couple of months, CDC's owners state that the US platform is coming in 1-2 months. I've been waiting since the start of 2021. They dropped multiple hints of a summer 2021 release, later delayed to Q4 2021. Now it's finally been released, but there's a waitlist for institutional investors, and we don't know if it'll be ready before the end of the year for the rest of us. > - **Massive spread and fees**: Those fortunate (or unfortunate) enough to have access to the exchange end up paying massive spread and fees compared to its competitors. It'll depend on what you buy, but the fees/spread are often 5x larger than those of Binance. It's not uncommon for fees to end up costing 3-5% of the transaction. > - **Lack of app security** - There is no password protection or 2 factor authentication for login on the mobile app. When you sign in, it sends your email address a link to use, making email the single point of failure. It was only after the Jan 18th hack that 2-factor was forced on, and even then it is only used for withdrawals and for bank-related settings changes--not for login. They need to take security more seriously. > - **Poor handling of the Jan 18 hack** - 400 accounts were hacked [by bypassing 2FA on Jan 18, with $33M stolen](https://cryptobriefing.com/days-after-alleged-33m-hack-crypto-com-still-silent/). Even worse, CDC forcefully-disabled 2FA on all accounts without warning. Barely any customers received emails about CDC crippling their 2FA. People only found out through social media or logging into their apps. They do have ISO IEC 27701 certification, but that's for privacy, and it's a joke to market it as security certification. > - **Poor handling of MCO swap** - Before CRO, CDC used a different ICO token to fund their platform called MCO. They cannibalized MCO to fund CRO, forcing everyone to swap to CRO at a fixed rate without adequate warning. > - **Too many large US banks block CDC**: My banks and credit cards work perfectly fine with Coinbase, Gemini, BlockFi, Binance US, Kraken, and FTX US. The only one they block is CDC. I don't know why so many large banks block it, but I suspect it was due to too many reports of shady activity or upset customers. The only way around this for many banks is to perform an ACH push from the bank side. Using CDC was the first time in 20 years I had to do an ACH push. > - **High withdrawal minimums** - Many of CDC's popular coins require a [minimum withdrawal of $25-50](https://crypto.com/exchange/document/fees-limits), and they still charge you a large withdrawal fee. Most ERC20 withdrawals are $25, and the BTC withdrawal is currently $20. Minimum withdrawal for fiat is $100. You're going to see high withdrawals unless you use their congested Cronos network or BEP20. > - **Cronos network often congested** - Since launch, their Cronos network has often been congested. It can take anywhere from a couple minutes to a full day to transfer any token. That's exceptionally bad for a mostly-centralized network that's modeled similarly to Binance Smart Chain. There was massive congestion in early April 2022 due to some coin launches. If they're getting congestion this early on, they're not going to be able to handle anywhere near BSC-levels of network activity. > - **Larger rewards require staking and locking CRO for 180 days** - Too many rewards require staking CRO for 180 days, during which it is completely locked. Many users bought CRO above $0.90 and couldn't sell when it halved in value. This is a huge risk. > - **Loot boxes** - CDC has gamified their platform and introduced loot/gacha boxes that provide trivial rewards for completing small tasks or making purchases. The rewards are embarrassingly small (nickle to dime values), and they're eclipsed by the higher fees paid to reach those rewards. You're better off using a cheaper platform for trades. > - **Cultish social media community** - Fortunately, this is no longer a big issue now that CRO has fallen 60% from its all-time high price. CRO investors who joined late 2021 have now had time to experience the massive flaws of CDC's platform and woken up from their drunken stupor. But rewinding to around the time CDC bought the naming rights to the former Staples Arena, CRO went viral and shot up 5x. For the next 6 months, their community went from slightly cultish to absolutely and unbearably irrational (similar to the Loopring and SafeMoon communities). There are still many CRO shills and way too many pictures of people's debit cards, but the community is much more balanced now. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

Crypto.com(CRO) {{pros}} & {{cons}} with related info are in the collapsed comments below.

conceiv3d-in-lib3rty

I don’t understand this at all. Cronos’ biggest DEX has the same TVL as mother fucking Loopring and is doing ~$5m in 24h volume… It has not become quite the hub at all. I can only assume these are CRO holders throwing money at this trash hoping it hypes their, still down 85% from ATH, bag.

biba8163

> same principle as stocks diluting shares Except that with equity financing, you are raising capital by selling shares of the company. You might need to raise capital for investment in the company hoping to increase revenue, etc and investors are buying *ownership* of a company that sells products and generates revenue. Now with shitcoins, you are the product from which they generate revenue. Time after time, shitcoins hype up use cases and utility but they generate zero money from anything except selling tokens to you. And when they run out of money, they just create more tokens: - NEM which was staple top 10 crypto in 2017/18 increased its supply with a new token when the Foundation ran out of money https://www.reddit.com/r/CryptoCurrency/comments/ao4yb2/nem_xem_decentralized_governance_gone_wrong_nem/ https://www.reddit.com/r/CryptoCurrency/comments/mlixbw/crypto_tragedy_2021_nemxem_40_drop_in_hours/ - Stratis which was a top 10 crypto in 2017 increased its supply with a new token when they ran out of money https://www.reddit.com/r/CryptoCurrency/comments/jlga8p/scam_alert_the_stratis_team_has_announced_a_token/ - IOTA which was once a top 5 crypto increased its supply by 60% recently when they ran out of money http://www.reddit.com/r/CryptoCurrency/comments/16ms0f3/drama_in_a_unilateral_decision_iota_foundation_ceo_announces_60_new_token_s/k1abhle?context=3 - CRO did a 2nd ICO where the original token holders went from holding "0.002% of the supply to only holding is only worth 0.00001%" in a "major switch scam." https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/ - RocketPool tokens went from a hard limit of 18M to 5% infinite inflation to pay for development

Scorpio780

CRO and AVAX are the horses I'm betting on

Rey_Mezcalero

I have CRO locked up with the CDC CC and basically have given up on any big moves with CRO. Stopped tracking it so wondered if there was something big they were doing

SirDidymusthewise

Generally, halving initiates a bull run. Crypto.com seems to have a good foothold in USA so I think that may draw some attention to CRO. The opposite usually happens to my opinions though so take with a grain of salt.

Rey_Mezcalero

Curios why you think CRO is going to rise with the halving.

Bo_Desatvuh

Really bullish on this coin. Cryptodotcom are clearly embracing meme coins. Eric, their COO acknowledged CAW on twitter after a few weeks of creation due to its growth (its volume was outpacing CRO on its own chain). Within a few weeks they got listed on the cryptodotcom defi app. 12mc currently. Corgiai got listed on cryptosotcom main app after about 100 days at 29m mc. Its mc is now 1billionusd. This coin is a legit 100 to 200x gem. Very passionate following aswell.

Smart_Field_3002

SOL and ICP are my top 2. ETH and CRO completes my top 4 with smaller bags.

Creme-Waste

Lol. I am not working for CDC. I like the company and support the chain (and hold CRO ... aside from my BTC), which is why I defend it when I see fit. I dont defend the spread, for example. Or stable swap fees in the app. But I have no need to try persuading a stranger online, really. 🤷‍♂️

Comt-Slow

I sold my BTC and went 100% alts. Dot, ADA & CRO. I got absolutely fucked

eddie3330

Let’s CRO! 🚀🚀🚀

eddie3330

Ready for take off $CRO #CRO has nowhere to go but up. Amazing opportunity to get in now before the massive gains happen, people are crazy to be sleeping on this.

crytofurbi

Hi, looking at your comments history you only did one single post in the CDC sub with the tittle "worst customer service ever", no explanation, no ask for help. Please expose your case in /CRO sub briefly and I guarantee you any of the mods will reply to you shortly and elevate your case to be solved asap. You can also dm CEO Kris on X, his personal team is usually fast. I understand your frustration though, they are currently working on improving customer service. Cheers.

ultimaclaw

CRO to $1+!

Turbulent-Warthog-45

CRO token

Comt-Slow

Been a long time coming, $CRO up next

Creme-Waste

Nope, but I do hold CRO.

Creme-Waste

CRO is the cryptocurrency servicing the [Crypto.com](http://Crypto.com) app and Exchange, as well as the Cronos chain.

Creme-Waste

7) This link again expresses discontent with the MCO conversion to CRO (see my comment under point 3). [https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay\_away\_from\_the\_cryptocom\_scam\_they\_cheated/](https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/) 8) This link accuses CDC of scamming bc of the BTC network transfer fee, which is obviously just a misunderstanding of the tech. You can guess as much also bc of the comment about Coinbased by the OP in the same post (and expressed preference for Gemini and BinanceUS, which did not age well). [https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom\_is\_a\_scam\_do\_not\_use\_it/](https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom_is_a_scam_do_not_use_it/) 9-10) The last two links are the only two relevant and should be addressed candidly. Yes, Kris has a history of failed ventures. People wrote about it when they FUDded CDC and in 2019, 2020, 2021, and most recently in 2022. Some of the earlier articles: [https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming](https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming) [https://www.cryptonewsz.com/in-conversation-with-kris-marszalek-co-founder-and-ceo-of-crypto-com/](https://www.cryptonewsz.com/in-conversation-with-kris-marszalek-co-founder-and-ceo-of-crypto-com/) Kris has addressed this, paid the settlement in court (which, as you see in the article, did not find any wrongdoing) and has to conduct business with this baggage/bad reputation and try to prove the naysayer wrong. And even though I would love every business to succeed, realistically, I hope we can agree that some go bust or do not perform well (especially during a wider market downturn or financial crisis like the one n 2008, after which one of the companies Kris headed went under). Some might succeed in the short term but lose their moat or market fit and close the shop, etc. Does that mean that the CEO should not be allowed to run any new company afterwards? I do not think so. The fact that the businesses failed can speak about the quality of the CEO, so it is definitely a factor to consider, but every business should be judged on its own merits, too. CDC has a good suite of products, good marketing, good fundamentals, wide geographical representation, and stickiness bc it survived the bear market more than once. Here is the post by Kris addressing his backstory with two failed businesses: [https://twitter.com/kris/status/1600328920330833921](https://twitter.com/kris/status/1600328920330833921) Hope this helps!

Creme-Waste

I will make an effort and go through the links: 1) This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). [https://np.reddit.com/r/ethtrader/comments/6dbkui/scam\_warning\_monaco\_ico/](https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/) 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. [https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning\_monaco\_scammers\_aggressively\_advertising/](https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/) 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. [https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems\_like\_mco\_token\_is\_now\_dead\_sad\_story/](https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/) 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://Crypto.com), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. [https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let\_the\_scams\_flow\_out\_of\_the\_window\_monaco\_and/](https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/) 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? [https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck\_you\_cryptocom\_for\_preying\_on\_newbies\_in\_this/](https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/) 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: - a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); - rebrand to [Crypto.com](http://Crypto.com) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); - MCO conversion (see my comment to link 3); - and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself). [https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco\_mco\_raised\_26\_million\_in\_ico\_and\_promised/](https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/)

Nopeyeup

What is CRO ?

Practical-Metal-3239

It shocks me that people are still shilling CRO after what happened last cycle, lol.

iGhost1337

nice job of posting dead links and MCO/CRO swap fud. I don't get why people are crying about the swap. i had 600$ profit after this happened.

Supa_Vegeta

Time to fill my bags with CRO

CointestMod

#Crypto.com(CRO) Con-Arguments Below is a Crypto.com(CRO) con-argument written by a deleted user. > Crypto dot com (aka **CDC**) is a multi-purpose crypto platform known for its extravagant marketing campaigns such as purchasing its namesake domain name and the naming rights for the former Staples Center. It also has an exchange that's still not available in the US (though finally open for waitlist). > > I was their customer for 1.5 years, but left a month ago. It's frustrating seeing how much they spend on marketing and influencers instead of improving their platform. > > ## CONs > > - **Better competitors**: CDC's has many competitors with more features, lower fees, or better and easier-to-navigate websites/apps. CDC's platform tries to do many things, but it does everything subpar. The only thing that makes it really stand out is their debit card, which offers higher APY benefits for CRO and its earning platform if you stake large amounts of CRO. Though given how they've been slashing rewards across the platform, we don't know how long they can maintain their popularity through those rates. I've always suspected that these are promo rates that are only being maintained through their higher fees being charged everywhere else on their platform. (May 1st edit - CDC completely slashed their rewards for their cards: https://crypto.com/product-news/crypto-com-visa-cards-update. Except for the 2 highest and most risky tiers of staking, there's no point to using this card anymore. They've destroyed the best part of their platform.) > - **Focuses on marketing, not product** - CDC relied on marketing strategies that were designed to attract as many customers to their platform. Many basic features have been neglected. ACH transfers (specifically pulls) from banks did not exist until recently. Nearly all of its CeFi competitors (Gemini, BlockFi, Celsius, Nexo) have a desktop app for their main platform. CDC's platform is mobile-only and has been for years. I suppose its Exchange has a desktop site, but that isn't available in the US, and most of CDC's features are not related to its exchange. Instead, they focused on buying up tons of advertising (Stapes Center, Matt Damon's "Fortune Favors the Brave" campaign, LeBron James campaign) when they could've improved their products. > - **No US exchange**: Every couple of months, CDC's owners state that the US platform is coming in 1-2 months. I've been waiting since the start of 2021. They dropped multiple hints of a summer 2021 release, later delayed to Q4 2021. Now it's finally been released, but there's a waitlist for institutional investors, and we don't know if it'll be ready before the end of the year for the rest of us. > - **Massive spread and fees**: Those fortunate (or unfortunate) enough to have access to the exchange end up paying massive spread and fees compared to its competitors. It'll depend on what you buy, but the fees/spread are often 5x larger than those of Binance. It's not uncommon for fees to end up costing 3-5% of the transaction. > - **Lack of app security** - There is no password protection or 2 factor authentication for login on the mobile app. When you sign in, it sends your email address a link to use, making email the single point of failure. It was only after the Jan 18th hack that 2-factor was forced on, and even then it is only used for withdrawals and for bank-related settings changes--not for login. They need to take security more seriously. > - **Poor handling of the Jan 18 hack** - 400 accounts were hacked [by bypassing 2FA on Jan 18, with $33M stolen](https://cryptobriefing.com/days-after-alleged-33m-hack-crypto-com-still-silent/). Even worse, CDC forcefully-disabled 2FA on all accounts without warning. Barely any customers received emails about CDC crippling their 2FA. People only found out through social media or logging into their apps. They do have ISO IEC 27701 certification, but that's for privacy, and it's a joke to market it as security certification. > - **Poor handling of MCO swap** - Before CRO, CDC used a different ICO token to fund their platform called MCO. They cannibalized MCO to fund CRO, forcing everyone to swap to CRO at a fixed rate without adequate warning. > - **Too many large US banks block CDC**: My banks and credit cards work perfectly fine with Coinbase, Gemini, BlockFi, Binance US, Kraken, and FTX US. The only one they block is CDC. I don't know why so many large banks block it, but I suspect it was due to too many reports of shady activity or upset customers. The only way around this for many banks is to perform an ACH push from the bank side. Using CDC was the first time in 20 years I had to do an ACH push. > - **High withdrawal minimums** - Many of CDC's popular coins require a [minimum withdrawal of $25-50](https://crypto.com/exchange/document/fees-limits), and they still charge you a large withdrawal fee. Most ERC20 withdrawals are $25, and the BTC withdrawal is currently $20. Minimum withdrawal for fiat is $100. You're going to see high withdrawals unless you use their congested Cronos network or BEP20. > - **Cronos network often congested** - Since launch, their Cronos network has often been congested. It can take anywhere from a couple minutes to a full day to transfer any token. That's exceptionally bad for a mostly-centralized network that's modeled similarly to Binance Smart Chain. There was massive congestion in early April 2022 due to some coin launches. If they're getting congestion this early on, they're not going to be able to handle anywhere near BSC-levels of network activity. > - **Larger rewards require staking and locking CRO for 180 days** - Too many rewards require staking CRO for 180 days, during which it is completely locked. Many users bought CRO above $0.90 and couldn't sell when it halved in value. This is a huge risk. > - **Loot boxes** - CDC has gamified their platform and introduced loot/gacha boxes that provide trivial rewards for completing small tasks or making purchases. The rewards are embarrassingly small (nickle to dime values), and they're eclipsed by the higher fees paid to reach those rewards. You're better off using a cheaper platform for trades. > - **Cultish social media community** - Fortunately, this is no longer a big issue now that CRO has fallen 60% from its all-time high price. CRO investors who joined late 2021 have now had time to experience the massive flaws of CDC's platform and woken up from their drunken stupor. But rewinding to around the time CDC bought the naming rights to the former Staples Arena, CRO went viral and shot up 5x. For the next 6 months, their community went from slightly cultish to absolutely and unbearably irrational (similar to the Loopring and SafeMoon communities). There are still many CRO shills and way too many pictures of people's debit cards, but the community is much more balanced now. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by SasukeUchiha248. > This coin has been done dirty. > > > CRO, or [crypto.com](https://crypto.com) coin is a crypto based off of the [crypto.com](https://crypto.com) app. > > > I won't state anymore facts since it will be boring if I just reword the Wikipedia page and [Crypto.com](https://Crypto.com) news. But here's my analysis and reasoning: > > > Why bullish on CRO for this month?: > > > Crypto . com app has suffered a major hack situation recently, causing the price to plummet 50 cents down from its 90 cent ATH. (price of 1 CRO is approximately 40 cents at the time of this writing). Unless another hacking problem disturbs CRO (which is highly unlikely as the company probably set higher firewall system) the price will most likely correct itself to higher position. Buy low, sell high, and right now, CRO price is very low. > > > Although I cannot find recent news on CRO on [coinmarketcap.com](https://coinmarketcap.com), this seems very strange to me. Crypto . com company, who has bought the former Staples Center, and is a very widely used exchange, stays this quiet. Of course, the situation with the hack most likely caused CRO company to back off the socials, but this also means that unless CRO want to go bankrupt, CRO company will release a news that will pump the coin's price. > > > Additionally, despite all this commotion, the number of CRO addresses increased, meaning that the situation has not decreased the amount of users of CRO. > > And in the overall picture of the crypto market, we can clearly see that the market is down by a lot. Bitcoin is down to 37k, which is very low considering the fact that it has been traded at near 70k few months ago. Most likely Bitcoin will rise, and as bitcoin rises, so will other cryptos like CRO. > > > This is more of an analysis/opinion of mine, for more detailed info, please DYOR, theres bunch of information available on wikipedia and other crypto news sites. Its just a few clicks away from research, I did not want this post to be another wiki page. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

Crypto.com(CRO) {{pros}} & {{cons}} with related info are in the collapsed comments below.

Ruppert27

Sort of related… I was staking some CRO thru their defi and the top like 5 validators were ALL named after spaceX rockets. And I thought to myself weird. Maybe he is like a silent partner or something. 💭 to Crypto.com. One was falcon something and a few others. Can’t remember. Years back.

BetterStartNow1

CRO

Traditional_Act_2107

CRO! Most underrated coin out there

benmck90

BTC and CRO are solid bets.