Crypto.com to slash CRO lockup rewards by 25% or more for new deposits
Crypto.com will cut annual rewards on new CRO lockups by at least 25% across all tiers starting Thursday.
Why it matters
The repeated reward cuts may further erode retail confidence in CRO at a time when the token's price has already declined significantly. With only a single source covering this, the full scope of holder impact remains unclear.
Key facts
Crypto.com will cut annual rewards on new CRO lockups by 25% or more starting Thursday.
25 %Reported by Protos
Obsidian/Private tier CRO lockup rewards will drop to 6% from 9% on September 10.
6 %Reported by Protos
Icy/Rose/Private tier rewards will drop to 5% from 8.5% on September 10.
5 %Reported by Protos
Jade/Indigo/Pro tier rewards will drop to 3% from 4% on September 10.
3 %Reported by Protos
CRO has declined 75% over the past year.
75 %Reported by Protos
CRO remains 93% below its all-time high from nearly five years ago.
93 %Reported by Protos
The Cronos blockchain experienced an outage and chain rollback on the day of the article's publication.
Reported by Protos
What happened
Crypto.com plans to reduce annual rewards for new CRO lockups by 25% or more beginning Thursday, Protos reported. The cuts affect all holder tiers: Obsidian/Private drops to 6% from 9%, Icy/Rose/Private falls to 5% from 8.5%, and Jade/Indigo/Pro declines to 3% from 4%. Protos characterized the move as the latest in a series of reversed guidance, reduced payouts, and reneged forecasts by Crypto.com and its predecessor, Monaco. The outlet noted that CRO has fallen 75% over the past year and remains 93% below its all-time high from nearly five years ago. Protos also reported that the Cronos blockchain experienced an outage and chain rollback on the same day as the article's publication.
How the story developed
- Update
Cronos blockchain experiences outage and chain rollback
The network erased several hours of activity and struggled with basic infrastructure uptime.
- First report
First report by Protos
Crypto.com keeps rewriting terms for CRO holders
- Update
Crypto.com announces CRO lockup reward cuts of 25% or more
Rewards for new lockups will drop across all tiers starting Thursday, September 10.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Protos Crypto media | Crypto.com keeps rewriting terms for CRO holders | Original |
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