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Reddit Posts

Crypto.com & CRO is proof on why marketing is so important.

Ferro Protocol pool LCRO-WCRO rewards?

Crypto.com removing several tokens from Earn and revising rates again

The Exchanges don't even want your Crypto

r/CryptoCurrencySee Post

What posts / comments on the CC sub piss you off or amuse you the most?

Binance card

r/CryptoCurrencySee Post

Crypto.com debit card rebates are done... What now?

r/CryptoCurrencySee Post

Will addiction to crypto eventually be recognised as a problem or will it just be classed as a gambling addiction?

r/CryptoCurrencySee Post

Disappointed to see green

[Free $25, Spotify and 2% cashback] My review on the Crypto.com Visa Debit card

r/CryptoCurrencySee Post

I got my settlement from the case against Coinbase today! What should I use the money on? (Thinking about CRO)

r/CryptoCurrencySee Post

Do you heard about the First Worldwide Crypto Credit Card Ever? This is the biggest sensation among non-European crypto owners!!

r/CryptoCurrencySee Post

Galileo is the new update of Cronos (CRO)

r/CryptoCurrencySee Post

Did you ever dislike a coin solely because of people on Reddit… or should I see a counsellor?

r/CryptoCurrencySee Post

Crypto.com (CRO) Price ignores recent bad news and posts 45% Gain

r/CryptoCurrencySee Post

Crypto.com new redundancies wave.

r/CryptoCurrencySee Post

Crypto.com app delisting USDT January 31st

r/CryptoCurrencySee Post

Crypto.com is delisting USDT on January 1st.

r/CryptoMarketsSee Post

Will CRO hit 1$ in the future?

r/CryptoCurrencySee Post

New Year’s resolution

r/CryptoCurrencySee Post

Remembering r/cc 2022 predictions, will our 2023 predictions be any better?

r/CryptoCurrencySee Post

Trading on Crypto.com as a newbie

r/CryptoCurrencySee Post

Should I sell my losses and pay some CC debt?

r/CryptoCurrencySee Post

I fell to FOMO and was punished by my greed before, and I'm sure many of you did too.

r/CryptoCurrencySee Post

Crypto.com’s CRO Surges as It Launches World Cup NFTs With Coca-Cola

r/CryptoCurrencySee Post

200M Cronos (CRO) coin quietly burned by Crypto.com on 14th November 2022

r/CryptoCurrencySee Post

Trying to figure out Crypto.com DeFi Wallet App

r/CryptoCurrencySee Post

Victims of the 2022 Crypto Bear Market

r/CryptoCurrencySee Post

Crypto recommendation and remorse

r/CryptoCurrencySee Post

New Portfolio

r/CryptoCurrencySee Post

So... my two cents on the FTX shitshow.

r/CryptoCurrencySee Post

I keep suffering, accumulation may be painful and necessary ....Volume 2

r/CryptoCurrencySee Post

The FTX collapse has been the best thing that's happened to me in crypto

r/SatoshiStreetBetsSee Post

Potential targets for a local bottom after capitulation event: $BTC 12k-14k $ETH 500-750 $BNB 100 $ADA 0.18-0.23 $LTC 29-32 $DOT 3.4-3.6 $FTT 0.000000000 $SOL 0.00000000000 $CRO 0.0000000000

r/CryptoCurrencySee Post

Assessing the Impact of FTX Meltdown in the Dapp Industry!

r/CryptoCurrencySee Post

Despite having millions withdrawn in the past few days, there is seemingly still no problem with Crypto.com - maybe they've actually been fine the whole time?

r/CryptoCurrencySee Post

All the Crypto.com shills are hilarious.

r/CryptoCurrencySee Post

Theres a pattern of exchanges selling all their customers' crypto and buying their premined exchange tokens with the money. Coinflex, FTX and probably Binance are doing it. What other exchanges have a token they are pumping with their customers' funds?

r/CryptoCurrencySee Post

One year later and I stand by it: Crypto.com will become the blue chip for exchanges.

r/CryptoCurrencySee Post

There is a Lot of Discussion About Crypto Com. Here Is A List of Problems and Red Flags I See With The Exchange. Let’s Self Regulate and Discuss These Companies

r/CryptoCurrencySee Post

So, is Binance really the gold standard?

r/CryptoCurrencySee Post

Will Crypto.com(CRO) Token Price Revisit The $0.1 Mark?

r/CryptoMarketsSee Post

Crypto.com AMA with CEO Kris Marszalek: Questions and Answers

r/CryptoCurrencySee Post

Crypto.com AMA with CEO Kris Marszalek: Questions and Answers

r/CryptoCurrencySee Post

After FTX, is this the next kingpin to fall?

r/CryptoCurrencySee Post

Is the Crypto.com failure already priced in to the overall valuation of cryptocurrencies?

r/CryptoCurrencySee Post

Y'all sure you don't wanna just stake some CRO instead?

r/CryptoCurrencySee Post

Nobody cared in the bull market, This is what cryptodotcom once did to early investors

r/CryptoCurrencySee Post

Just a thought if CDC in fact has 1:1 assets, I think this is doing them a favour long term.

r/CryptoCurrencySee Post

Do any of you know if there is a way to transfer crypto.com CRO to a Ledger Nano or Metamask?

r/CryptoCurrencySee Post

In a Funny Twist for Crypto.com, Purchasing CRO with the App is Not Working

r/CryptoCurrencySee Post

New Rule for the bearmarket, what do you think?

r/CryptoCurrencySee Post

Crypto.com paused BTC withdrawals

r/CryptoCurrencySee Post

Have the recent events changed your views on the dependability of Exchanges and their tokens?

r/CryptoCurrencySee Post

CZ while fudding all other exchanges is forcing people over to trust wallet and binance in a last ditch effort. He has pushed trust wallet token to the top of trending while pushing CRO to the top losers on coin market cap which is another thing that he owns.

r/CryptoCurrencySee Post

If you’re upset with CZ right now or blaming him for the explosion the past few days…

r/CryptoCurrencySee Post

Sent BTC to an old wallet address... is it ok?

r/CryptoCurrencySee Post

Weekly performances make no sense

r/CryptoCurrencySee Post

Crypto.com has massively slowed withdrawls

r/CryptoCurrencySee Post

It doesn't matter if what exchanges do or say. if you really believe crypto isn't going anywhere then keep your own crypto in your own wallet.

r/CryptoCurrencySee Post

Hacked funds on the move: FTX hack sent to a pool called "fuckFTX" a new pool was made and it's called "CRO Next." POSSIBLE FALSE ALARM - BEWARE!

r/CryptoCurrencySee Post

Crypto.com is actively FUD-ed by the biggest names. Guess why.

r/CryptoMarketsSee Post

were and how to transfer my coins

r/CryptoCurrencySee Post

PSA: Crypto.com Users Move Your Coins to the Defi Wallet

r/CryptoCurrencySee Post

Next FTX? Crypto.com. Withdraw your assets ASAP.

r/CryptoCurrencySee Post

Well… What’s the next failure?

r/CryptoCurrencySee Post

Crazy high staking APY% on DeFi. Too good to be true?

r/CryptoCurrencySee Post

How concerned should I be about coins I have on crypto.com?

r/CryptoCurrencySee Post

What would you do?

r/CryptoMarketsSee Post

Not your keys - not your coins?

r/CryptoCurrencySee Post

Next crypto giant to fall?

r/CryptoCurrencySee Post

There is actually one good thing we got out of this crash: Other centralized Exchanges rushing for proof-of-reserves to gain trust.

r/CryptoCurrencySee Post

BTC Maxis, Exchange Tokens and Stablecoins

r/CryptoCurrencySee Post

Crypto Com Lending Program Is A Major Red Flag After FTX. 6% APR on CRO Their Exchange Coin Which Can Be Collateral

r/CryptoMarketsSee Post

trading strategy for 2023: short all crypto projects that do super bowl ads

r/CryptoCurrencySee Post

How is everyone feeling after the SEC v LBRY ruling?

r/CryptoCurrencySee Post

Do you prefer the gains of locked staking or freedom of flexible staking?

r/CryptoCurrencySee Post

Crypto.com CRO Staking?

r/CryptoCurrencySee Post

By putting aside cronos(CRO) and the opinion regarding the coin, what is your opinion regarding the exchange from CDC?

r/CryptoCurrencySee Post

Any predictions on the price of CRO after the World Cup?

r/CryptoCurrencySee Post

I constructed a timeline of significant events for Crypto .com since the release of that commercial. Here's how the token has faired since that day.

r/CryptoCurrencySee Post

Did fortune actually favor the brave? How is Crypto.com going one year after their famous commercial? A timeline of events since that day.

r/CryptoCurrencySee Post

Cheapest Crypto.com withdrawals?

r/CryptoCurrencySee Post

Cronos (CRO) Falls 0.15% Saturday: What's Next for This Neutral Rated Crypto?

r/CryptoCurrencySee Post

Finally able to withdraw all my Funds from Nexo

r/CryptoCurrencySee Post

Finally withdraw all my funds in Nexo and sent to Binance for now

r/CryptoCurrencySee Post

What are your favorite alt coins to add to a portfolio? Why do you believe in them?

r/CryptoCurrencySee Post

Crypto cashback card suggestion

r/CryptoMarketsSee Post

World Blockchain Summit - Dubai 2022 | Sphynx Labs Presentation | Accelerating the adoption of Digital Currencies

r/CryptoCurrencySee Post

World Blockchain Summit - Dubai 2022 | Sphynx Labs Presentation | Accelerating the adoption of Digital Currencies

r/CryptoCurrencySee Post

Crypto recovery question about a specific scenario

r/CryptoCurrencySee Post

Could the world cup 'save' Crypto.com?

r/CryptoCurrencySee Post

Remember the CRO slogan: Fortune favors the brave? Turns out it didnt, not even for the person where the original slogan came from.

r/CryptoCurrencySee Post

Next coins to explode (x1000) in the next bull run (whenever that might be)

r/CryptoCurrencySee Post

What do people here think about Crypto.com and the CRO token?

r/CryptoCurrencySee Post

Not only is Crypto.com firing 40% of their Workers, their free Credit Card got cut back so extremely that you would need to stake $35k in CRO to reach the benefits of competetitors

r/CryptoCurrencySee Post

What is the Benefit of a Crypto Debit-Card at a Time Like This?

r/CryptoCurrencySee Post

Sam Bankman-Fried AKA "Crypto Jesus" has stepped in to save Crypto.com

r/CryptoCurrencySee Post

CDC downsizes some sports partnership deals amid market turndown.

r/CryptoCurrencySee Post

CDC announce cut backs to their wide spread sporting sponsorships, deeming them unsustainable. As a previous CDC user, and after being shafted in the huge scaling back of their rewards card scheme and subsequent tanking of CRO, I can't help but feel this is a little too late. Choosing to step up pu

Mentions

I don't understand....why do none of you consider a high interest savings account the rates are really good. much safer then CRO which is probably buying tbills with their cash

Mentions:#CRO

I thought you gotta have CRO staked for the card tier to give you its benefits :O

Mentions:#CRO

I have no other plan other than waiting until CRO is worth something, so CAW! motherfuckers.

Mentions:#CRO#CAW

I hope CRO does well but it tanked my portfolio

Mentions:#CRO

Which makes creating a post where you “congratulate all CRO holders” that much funnier.

Mentions:#CRO

and are you still staking CRO for benefits (or lack there of, now)?

Mentions:#CRO

CRO is today -91.3% from ATH

Mentions:#CRO

Indigo holder here. I wouldn't buy more CRO, but if you have a card you may as well use it to get some extra rewards

Mentions:#CRO

I really loved my CDC card, obviously dont care now. But it those cuts make them survive the bear, the juicy rewards might come back. So thinking I should buy back to CRO now, and might be boosted to a higher card tier as soon as the market blows up again.

Mentions:#CRO

I would not worry about CRO “flying”. The best outcome for you guys is that they don’t go bankrupt, take all your crypto and flee to Dubai.

Mentions:#CRO

If CDC survives this winter my CRO will be my retirement

Mentions:#CRO

[Crypto.com](https://Crypto.com)'s communication is absolutely awful. But they haven't gone under, and that says a lot given what they were offering. I remember getting 20% cashback on my groceries in CRO in 2020. Good times man.

Mentions:#CRO

5$ CRO, 5$Moons and im a happy man.

Mentions:#CRO

CRO has been a very good addition to my bags. Profit is there for the patient. Losses are only realised when you sell.

Mentions:#CRO

Even though I do see the logic of your reasoning and agree with the fact that their long-term survival could actually do wonders to the appreciation of CRO, for me it is still a hard pill to swallow as it is an exchange token, pretty much like BNB.

Mentions:#CRO#BNB

Agree. We need decent on-ramps for new crypto investors, that appeal to a generic audience and easy to use without a steep learning curve. CDC and Coinbase both have extensive education/help sections for new users. They update their apps regularly, have 2FA, some staking and make it easy to transfer assets to soft wallet. Plus both have debit cards, although CDC returns have been much reduced, CRO is much more than just a CEX token like FTX had.

Mentions:#CRO#CEX#FTX

I have 100$ to spend! Not sure if I should spend it on DOT or MATIC. Already bought 50$ of BTC yesterday and 50$ of ETH a few days ago. Currently have some CRO, XRP, BTC, ETH, SHIB, DOGE, ELON, SOL

Good for them. Our CRO bags will fly soon enough.

Mentions:#CRO

It is a rock around my portfolios neck. Overall up. CRO keeping me grounded.

Mentions:#CRO

CRO’s DeFi TVL at $400m is 2x more than algorand and 4x more than Cardano. If CRO doesn’t have a use case at these numbers, what does it say about this sub’s obsessions?

Mentions:#CRO

Found the interview I mentioned. As said - I found this useful / opened my eyes to CRO as a CRONOS chain thing https://finance.yahoo.com/news/interview-cronos-provides-first-ethereum-130310177.html "Crypto.com is our main source of users since it has 50 million users worldwide. Most of Cronos users are also Crypto.com users. However, Cronos is an ecosystem of third-party applications. Today, there are around 300 applications on Cronos, and all of them are independent. So crypto.com is not running applications on Cronos. They are making it easy for their users to access applications living on Cronos."

Mentions:#CRO

![gif](giphy|QnU6mOrBbElaIQz4Fe|downsized) CRO is really underrated to be honest.

Mentions:#CRO

CDC is the exchange that operates on the Cronos chain, which has CRO as their own shitcoin.

Mentions:#CRO

CRO receives critism becuase it's only use case is the rewards that have been slashed into uselessness.

Mentions:#CRO

I asked ChatGPT about crypto.com and cro: "*Can you explain how crypto.com and the CRO token could survive this bear market and thrive in a future bull market?* Crypto.com and its CRO token may survive the bear market and thrive in a future bull market through several strategies: Diversification of services: Offering a wide range of services such as debit card services, staking, lending and borrowing, and trading, which can attract and retain customers, thereby providing a stable revenue stream. Strong partnerships: Building partnerships with established companies and organizations to increase exposure and credibility, and to offer more value to users. Innovative products and services: Continuously developing and launching innovative products and services to stay ahead of the competition and meet customer demands. Community building: Building and maintaining a strong community of users and supporters, as a loyal user base can provide stability and drive growth. Strong brand recognition: Building and maintaining a strong brand recognition, as this can drive demand for the CRO token and help to sustain its value in both bull and bear markets. Financial stability: Ensuring that the company has strong financials, and maintaining transparency and accountability, which can increase trust in the platform and its token. In summary, Crypto.com and the CRO token's ability to survive and thrive in a bear market and a future bull market will depend on the company's ability to execute these strategies effectively and maintain its competitive edge in a rapidly evolving industry."

Mentions:#CRO

I am a longterm believer in CRO and currently an Icy White holder, they started slashing rates before it was trendy to do so -- and received a ton of hate and flak, especially from this subreddit. Then companies started going under, and suddenly crypto.com didn't look so crazy in doing so. Then they started firing employees and trimming the fat, and they received a ton of hate for that. Then all tech companies started mass layoffs, and again, crypto.com didn't look so crazy in doing so. Anything can happen in a bear market, but clearly there is solid evidence that the worst is over. If crypto.com survives, I firmly believe they will be a top 3 exchange, and their token should be $3-$5 per CRO. believe with me folks welcome to my ted talk

Mentions:#CRO

I've only been getting the free daily diamond now, but still got around 50 CRO once in a box, and still getting at least 7 or 8 on most boxes recently. Not much, but free is free.

Mentions:#CRO

On the cdc base app you get daily missions, after 25 diamonds (the reward is about 1 per day) you can buy mystery boxes with random amounts of CRO in them.

Mentions:#CRO

Whose betting that CRO will pump during the Super Bowl?

Mentions:#CRO

This post sounds suspiciously like a plug for CDC and CRO. The sponsoring of so many events and activities and sports arenas almost strikes me as cringy now. Change my mind

Mentions:#CRO

Cryptocom is here to say. I remember when Twitter and even this whole sub was desperately trying to do a bankrun and CRO dropped to 5c. We Cro-codiles aka the Cro-Bros were still holding strong and buying more. Still hodling still staking in defi wallet

Mentions:#CRO

#Crypto.com(CRO) Con-Arguments Below is an argument written by IAmGiff which won 2nd place in the Crypto.com(CRO) Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 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? [Click here](/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10szhfn/daily_general_discussion_february_4_2023_gmt0/).

#Crypto.com(CRO) Pro-Arguments Below is an argument written by SasukeUchiha248 which won 2nd place in the Crypto.com(CRO) Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 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? [Click here](/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds.

Mentions:#CRO#DYOR

Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the General Concepts category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a CRO pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/). | To submit a CRO con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/).

Mentions:#Moon#CRO

First class angle. I love it. And I got enough CRO for a lifetime pass!

Mentions:#CRO

hi everyone, I'm interested on getting pool rewards on Ferro Protocol for LCRO-WCRO LP and rewards will be distributed in FER each day. As this token is highly inflationary and loses value day by day, is there a way to automatically swap this back to CRO or WCRO or LCRO each day? or once every other day?

Mentions:#WCRO#FER#CRO

CRO holders yall alive?

Mentions:#CRO

i'm still going hard on my Spotify rewards. but that's it. 13 bucks a month in CRO.. especially at 10 cents.. i'll take it, lol

Mentions:#CRO

They're really pushing the CRO aren't they?

Mentions:#CRO

#Crypto.com(CRO) Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Crypto.com(CRO) Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 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? [Click here](/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10s57jv/daily_general_discussion_february_3_2023_gmt0/).

Mentions:#CRO#FTX#BTC

#Crypto.com(CRO) Pro-Arguments Below is an argument written by SasukeUchiha248 which won 2nd place in the Crypto.com(CRO) Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 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? [Click here](/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds.

Mentions:#CRO#DYOR

Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the General Concepts category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a CRO pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/). | To submit a CRO con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/).

Mentions:#Moon#CRO

Imagine staking $4k worth of CRO for another 1-1.5% holy fucking stupid. * Stake ETH in RocketPool * Stake USDC in the just released Real-Yield on Sommelier Finance for 5.8%+ yield on USDC * Stake GMX on GMX to earn a portion of fees from other users perp trading. GMX was the only coin in 2022 to reach an ATH and is still climbing. Look here: https://cryptofees.info/ it's earning more in fees that BNB and BTC.

I don’t like CDC because sure, what they are doing is good and fine financially speaking. But their communication has always been dog shit. Why can’t they just announce stuff and then implement it 2-3 months later? I used to have 40k CRO staked and held it during the bear. I woke up and saw that my whole CRO lost 30% of its value. I had to go on Reddit, to find out that they send some people the info that the credit card rewards would be slashed to being absolutely useless. When? Now. Sure, slash rates when the market goes down, but communicate it ahead of times to people can decide to stay or not

Mentions:#CRO

Tbh there isn’t much reason do be on CDC anymore. They don’t have a live chat anymore, their CRO is absolutely worthless, the cards are worthless, the design/chart still hasn’t been developed after years and their commission is way higher than the rest. I Switches from CDC to kraken and couldn’t be more happy

Mentions:#CRO

1 CRO after 3 months but it's an APR not an APY.

Mentions:#CRO

Are those APY rates, or interest rates for the specified term? In other words, if stake 100 CRO for 3 months, will I end up with 104 CRO at the end of the 3 month period? Or would I earn only 1 CRO aver the 3-month period as it's APY?

Mentions:#CRO

I like CRO since it's evm and comos compatible.

Mentions:#CRO

My SHIB hasn’t resulted in any greater losses than my ADA or my ALGO, and waaaay less losses than my CRO

#Crypto.com(CRO) Con-Arguments Below is an argument written by IAmGiff which won 2nd place in the Crypto.com(CRO) Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 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? [Click here](/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10s57jv/daily_general_discussion_february_3_2023_gmt0/).

#Crypto.com(CRO) Pro-Arguments Below is an argument written by IAmGiff which won 1st place in the Crypto.com(CRO) Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 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? [Click here](/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds.

Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the General Concepts category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a CRO pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/). | To submit a CRO con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/).

Mentions:#Moon#CRO

Using CRO in defi is pretty good. Swaps are fast and easy. I really like the defi wallet. Easy to stake and earn there.

Mentions:#CRO

The only thing I’ll stake on crypto.com is CRO. If the exchange goes down their coin will be worthless anyways. Their rates have really come down since 21 though, their stable rates used to be pretty damn good.

Mentions:#CRO

Most of these tokens could be staked on their native chain (including CRO), with the bonus of self-custody and much better rates. Anybody leaving money on exchanges has been sleeping for the past couple months.

Mentions:#CRO

soon enough - Crypto.com charges negative interest rates on Earn program - CRO and SHIB holders cheer Kris Marszalek for being responsible

Mentions:#CRO#SHIB

I hope not, the structured scam they run is the biggest reason we need regulation in this space IMO. 1. Create coin & offer huge rewards for holders, and force them to lock it for X time so that they can't make changes. Give your inner circle a ton. 2. Sell on the way up as the market inevitably pumps. You're offering the best rates after all. Tons of new users are bound to join. 3. Once membership reaches a peak, cut rewards overnight. Do this several times to cause mass sell-offs. People who have their money locked in the longest will take the most losses. Have your inner circle buy in at the bottom. 4. Rinse and repeat. Crazy they've done this twice now, once with MCO and once with CRO

Mentions:#IMO#CRO

#Crypto.com(CRO) Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Crypto.com(CRO) Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 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? [Click here](/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10s57jv/daily_general_discussion_february_3_2023_gmt0/).

Mentions:#CRO#FTX#BTC

#Crypto.com(CRO) Pro-Arguments Below is an argument written by IAmGiff which won 1st place in the Crypto.com(CRO) Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 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? [Click here](/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds.

Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the General Concepts category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a CRO pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/). | To submit a CRO con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/).

Mentions:#Moon#CRO

Better to play safe than to go bankrupt. Although I don't have any CRO, they seem quite responsible, among all CEXes.

Mentions:#CRO

But is it worth tying up $4000 in CRO?

Mentions:#CRO

Remember that 4k in CRO used to be 40k in CRO.

Mentions:#CRO

I will stick to my daily mission. Could at least collect about 120 free CRO over the years

Mentions:#CRO

Is there reason to keep CRO if you don’t stake it for their credit card?

Mentions:#CRO

Now that the Visa card rewards are much much worse, I’ve moved all my CRO to the crypto.com DeFi Wallet and earning about 11% p.a. Interest staking.

Mentions:#CRO

Is there any sense in moving my CRO to an external wallet? I have started moving my CRO from CDC to my Keplr wallet due to the FTX fiasco. But now that I think about it, if CDC collapses, CRO would be worthless anyway.

Mentions:#CRO#FTX

Seeing XLM currently worth more than CRO makes me both very happy and very sad simultaneously, so the end result is some kind of uneasy neutrality

Mentions:#XLM#CRO

I like things that have an easy to explain use case. BTC is currency, ENJ is a gaming token, CRO is an exchange token that you stake for debit card rewards, etc. If something is an algorithmically stabilised cross-chain arbitrage protocol token then how are you meant to assess whether or not it has any value? I also like to look for things that are in the top 50 or so largest in terms of market cap but outside the top 20. That way they have established themselves, but have loads of room to grow. If you do this then it's very important to set stop-losses because these coins can lose money fast.

Mentions:#BTC#ENJ#CRO

Then how do you define crypto? Is CRO crypto? Is BNB? Tether?

Mentions:#CRO#BNB

#Cosmos Con-Arguments Below is an argument written by Shippior which won 1st place in the Cosmos Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > [Cosmos](https://cosmos.network/) ([ATOM](https://www.coingecko.com/en/coins/cosmos-hub)) is a dPoS blockchain. Often it is named in the list of 3rd generation blockchains like ADA, DOT, ALGO, etc. As one can already see it has a lot of competition. As of yet it has to endure at least ADA, DOT and AVAX being above in market cap. Even Cronos (CRO) which is based on the Cosmos SDK has a higher market cap than ATOM itself. This proves that so far ATOM hasnt been really popular with the people and it is resembled by the lack of marketing for the chain. > > To be able to get a better comparison between ATOM and it's competitors first it should be explained better what the vision and role of Cosmos is. Cosmos Hub acts as a security relayer for the Cosmos cryptoverse. There are no smart contracts on the Cosmos chain itself and there is limited governance available. It's main reason is to secure the IBC (inter blockchain connection) network which allows all chains within the Cosmos network to easily communicate with each other. > > Currently there is a debate happening, backed up by a governance proposal, to allow the use of smart contract (implement CosmWasm which is the smart contract enabler on Cosmos network). However this has been met with fierce arguments between pro and con groups, the con group being led by [Jae Kwon](https://twitter.com/jaekwon) one of the main developers of Cosmos who treathens to make his own chain. All in all this discussion might be beneficial going forward but it does deliver a lot of FUD to the community (there is a lot of FUD currently in the Cosmos network, but that is a whole different story). > > Due to the current position of Cosmos Hub, only ensuring security, the discussion has come up in the community what the use is of the ATOM coin. It provides no incentive but a low APR for staking, the lock-up period of 21 days is significantly longer than for many of its competitors, and there are a lot of coins in the Cosmos network available that are more usefull for using in DeFi. As of now ATOM is valuable because a lot of aidrops are based on the amount of ATOM a person has staked, but who knows what happens with the price of ATOM once the airdrops dry up. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sifdml/coin_inquiries_cosmos_conarguments_february_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ralbq/daily_general_discussion_february_2_2023_gmt0/).

I have three criteria right now: 1. Has a maximum supply (non inflationary) 2. At least 70% of max supply is circulating (won’t dilute much in bull run) 3. Price is at least 1/4 of ATH (has at least 4x potential back to ATH) As a perk I prefer coins I can stake to earn more from any supply not yet circulating. Based on this I own: ALGO, ADA, LRC, COMP, 0X, CRO And before i insight the fury of the maxis, I also own BTC and ETH which I just HODL. The others I try to trade, but generally am just going to wait til we get back to ATH.