02-17-2022, 02:34 AM
[b]I’m sick of seeing all the CRO shills. CRO/Crypto.com is NOT that great and here?/b]
<!-- SC_OFF --><div class="md"><p><strong>TL;DR: There are much better alternatives for everything that CRO/CDC offers (see points below).</strong></p> <p>This post will probably get downvoted and buried to hell because I know there are a LOT of CRO holders here, but people will want to understand these points, add a dash of skepticism to things they read on public forums, and critically assess their investments and competition of those investments.</p> <p>First off, I will give credit where credit is due:</p> <ol> <li>They own the greatest domain.</li> <li>They have been KILLING it with their marketing. (Could their massive budget also be used to pay online shills?)</li> </ol> <p>However, neither of these things, guarantee that CRO will be a great investment.</p> <p>In fact, I will argue that it is actually NOT a great investment because there are much better options for everything that CRO/CDC offers.</p> <ol> <li><p>CRO Argument: <strong>3% back on spending with locking up $4,000 worth of CRO for 6 months.</strong> </p> <ul> <li>Better Alternative: <strong>Coinbase debit card 4% back on spending with $0 lock up.</strong> Obviously superior, period, end of discussion.</li> </ul></li> <li><p>CRO Argument: Yeah, but… <strong>10% staking reward for 6 month lock-up on Jade/Indigo card+ and Netflix/Spotify reimbursement.</strong></p> <ul> <li>Better Alternatives: If you actually want to hold CRO, you can get up to <strong>60% APR on <a href="https://app.osmosis.zone/pools">the CRO/OSMO LP on Osmosis</a> with only 14-day lock-up AND rewards paid during unbonding.</strong></li> <li>The added rewards will MORE than cover the cost of Netflix/Spotify.</li> <li>Here's a comparison with some better stake/lend rewards on other coins:</li> </ul> <table><thead> <tr> <th>Coin</th> <th>APR</th> <th>Lock-up</th> </tr> </thead><tbody> <tr> <td>CDC card stake</td> <td>10%</td> <td>180 days</td> </tr> <tr> <td>ATOM</td> <td>14%</td> <td>21 days</td> </tr> <tr> <td>OSMO</td> <td>81%</td> <td>14 days</td> </tr> <tr> <td>JUNO</td> <td>112%</td> <td>28 days</td> </tr> <tr> <td>SCRT</td> <td>24%</td> <td>21 days</td> </tr> <tr> <td>UST</td> <td>19.5%</td> <td>0 days</td> </tr> </tbody></table></li> <li><p>CRO Argument: Yeah, but… you could get <strong>higher earn rates on other coins.</strong></p> <ul> <li>Better Alternative: Sure, you may get slightly higher rates, but <strong>you have to lock-up your coins for 3 months and stake $4,000 in CRO</strong> (both have opportunity costs and many people undervalue how much sacrificing liquidity could cost you when better opportunities arise).</li> <li>I’d much rather lend my BTC, ETH, etc. on <strong>platforms with good returns and ZERO lock-up time and ZERO other coin stake</strong> – like FTX app, Celsius, and Ledn.</li> <li>BTC Earn Rates: <ul> <li>CDC: 6.5% with 3 month lock-up and $4,000 CRO stake. Stake less CRO or only 1 month lock-up and rate drops to 4.5%.</li> <li>FTX App: 8% with 0 lock-up or other coin stake (up to $10k BTC)</li> <li>Ledn: 6.25% with 0 lock-up or other coin stake (up to 0.5 BTC)</li> <li>Celsius: 6.20% with 0 lock-up or other coin stake (up to 0.25 BTC)</li> </ul></li> </ul></li> <li><p>The exchange itself – <strong>Crypto.com trade fees* are ATROCIOUS</strong> compared to some alternatives. CDC Exchange isn't even available to the US yet. US has to use the Crypto.com App, which the fees are even worse. </p> <table><thead> <tr> <th>Exchange</th> <th>Trade Fee</th> <th>Discount</th> </tr> </thead><tbody> <tr> <td>CDC</td> <td>0.4%</td> <td>0.36% with staking 5000+ CRO</td> </tr> <tr> <td>Binance (.com and .us)</td> <td>0.1%</td> <td>0.075% with ANY BNB</td> </tr> <tr> <td>Kucoin</td> <td>0.1%</td> <td>0.08% with ANY KCS</td> </tr> <tr> <td>FTX.com</td> <td>0.02-0.07%</td> <td>3%+ off with $100+ FTT</td> </tr> <tr> <td>FTX.us</td> <td>0.1%-0.4%</td> <td>None</td> </tr> <tr> <td>Kraken</td> <td>0.16%-0.26%</td> <td>None</td> </tr> <tr> <td>Gemini</td> <td>0.25-0.35%</td> <td>None</td> </tr> </tbody></table></li> </ol> <p>*Level 1 trade fees as of date of this post.</p> <p>All in all, CDC is a decent platform and does a lot of good by spreading awareness about crypto, but, for the reasons above, I don’t believe it do be a great platform, nor CRO to be a great investment.</p> <p>Happy hodling.</p> <hr/> <p><strong>EDIT:</strong> LOL at some of these comments.</p> <p>"You're just a Coinbase shill!"</p> <p>"You're just an Osmosis shill!"</p> <p>"I made money with CRO so you're wrong!"</p> <p>"You want me to use 20 different platforms?!" -- Uh no, I'm just giving examples.</p> <p><strong>Look... for those saying "I'm willing to give up some yield and pay higher trade fees for the convenience of one app" that is a totally FAIR statement and I'm happy that it works for you.</strong></p> <p><strong>The point I'm making is not against you.</strong></p> <p><strong>My point is against the countless threads and comments hyping up CRO as some god-tier coin that is the best and most undervalued investment on earth and going to make all the holders millionaires.</strong></p> <p>Many of you are acting like I said CDC is total garbage and sucks. Go re-read -- I said it's a decent platform with excellent marketing and does good by spreading awareness... but there are better options for trading and earning yield.</p> <p>"4% Coinbase card isn't available in my country" -- Another fair statement, but you're missing my point. Again, I'm not saying CDC is bad, just that it's not the best thing in the world. Obviously I don't know every debit/credit card that's offered in every single country, but even outside of crypto cards there are credit cards that offer 3-5% cash back/travel points and sign up bonuses worth $500-1,000 (see <a href="/r/churning">r/churning</a>). If that's not available in your country and the CDC card is your best option, then cool, get the CDC card!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CalculatedLuck"> /u/CalculatedLuck </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/su2mo4/im_sick_of_seeing_all_the_cro_shills_crocryptocom/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/su2mo4/im_sick_of_seeing_all_the_cro_shills_crocryptocom/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>TL;DR: There are much better alternatives for everything that CRO/CDC offers (see points below).</strong></p> <p>This post will probably get downvoted and buried to hell because I know there are a LOT of CRO holders here, but people will want to understand these points, add a dash of skepticism to things they read on public forums, and critically assess their investments and competition of those investments.</p> <p>First off, I will give credit where credit is due:</p> <ol> <li>They own the greatest domain.</li> <li>They have been KILLING it with their marketing. (Could their massive budget also be used to pay online shills?)</li> </ol> <p>However, neither of these things, guarantee that CRO will be a great investment.</p> <p>In fact, I will argue that it is actually NOT a great investment because there are much better options for everything that CRO/CDC offers.</p> <ol> <li><p>CRO Argument: <strong>3% back on spending with locking up $4,000 worth of CRO for 6 months.</strong> </p> <ul> <li>Better Alternative: <strong>Coinbase debit card 4% back on spending with $0 lock up.</strong> Obviously superior, period, end of discussion.</li> </ul></li> <li><p>CRO Argument: Yeah, but… <strong>10% staking reward for 6 month lock-up on Jade/Indigo card+ and Netflix/Spotify reimbursement.</strong></p> <ul> <li>Better Alternatives: If you actually want to hold CRO, you can get up to <strong>60% APR on <a href="https://app.osmosis.zone/pools">the CRO/OSMO LP on Osmosis</a> with only 14-day lock-up AND rewards paid during unbonding.</strong></li> <li>The added rewards will MORE than cover the cost of Netflix/Spotify.</li> <li>Here's a comparison with some better stake/lend rewards on other coins:</li> </ul> <table><thead> <tr> <th>Coin</th> <th>APR</th> <th>Lock-up</th> </tr> </thead><tbody> <tr> <td>CDC card stake</td> <td>10%</td> <td>180 days</td> </tr> <tr> <td>ATOM</td> <td>14%</td> <td>21 days</td> </tr> <tr> <td>OSMO</td> <td>81%</td> <td>14 days</td> </tr> <tr> <td>JUNO</td> <td>112%</td> <td>28 days</td> </tr> <tr> <td>SCRT</td> <td>24%</td> <td>21 days</td> </tr> <tr> <td>UST</td> <td>19.5%</td> <td>0 days</td> </tr> </tbody></table></li> <li><p>CRO Argument: Yeah, but… you could get <strong>higher earn rates on other coins.</strong></p> <ul> <li>Better Alternative: Sure, you may get slightly higher rates, but <strong>you have to lock-up your coins for 3 months and stake $4,000 in CRO</strong> (both have opportunity costs and many people undervalue how much sacrificing liquidity could cost you when better opportunities arise).</li> <li>I’d much rather lend my BTC, ETH, etc. on <strong>platforms with good returns and ZERO lock-up time and ZERO other coin stake</strong> – like FTX app, Celsius, and Ledn.</li> <li>BTC Earn Rates: <ul> <li>CDC: 6.5% with 3 month lock-up and $4,000 CRO stake. Stake less CRO or only 1 month lock-up and rate drops to 4.5%.</li> <li>FTX App: 8% with 0 lock-up or other coin stake (up to $10k BTC)</li> <li>Ledn: 6.25% with 0 lock-up or other coin stake (up to 0.5 BTC)</li> <li>Celsius: 6.20% with 0 lock-up or other coin stake (up to 0.25 BTC)</li> </ul></li> </ul></li> <li><p>The exchange itself – <strong>Crypto.com trade fees* are ATROCIOUS</strong> compared to some alternatives. CDC Exchange isn't even available to the US yet. US has to use the Crypto.com App, which the fees are even worse. </p> <table><thead> <tr> <th>Exchange</th> <th>Trade Fee</th> <th>Discount</th> </tr> </thead><tbody> <tr> <td>CDC</td> <td>0.4%</td> <td>0.36% with staking 5000+ CRO</td> </tr> <tr> <td>Binance (.com and .us)</td> <td>0.1%</td> <td>0.075% with ANY BNB</td> </tr> <tr> <td>Kucoin</td> <td>0.1%</td> <td>0.08% with ANY KCS</td> </tr> <tr> <td>FTX.com</td> <td>0.02-0.07%</td> <td>3%+ off with $100+ FTT</td> </tr> <tr> <td>FTX.us</td> <td>0.1%-0.4%</td> <td>None</td> </tr> <tr> <td>Kraken</td> <td>0.16%-0.26%</td> <td>None</td> </tr> <tr> <td>Gemini</td> <td>0.25-0.35%</td> <td>None</td> </tr> </tbody></table></li> </ol> <p>*Level 1 trade fees as of date of this post.</p> <p>All in all, CDC is a decent platform and does a lot of good by spreading awareness about crypto, but, for the reasons above, I don’t believe it do be a great platform, nor CRO to be a great investment.</p> <p>Happy hodling.</p> <hr/> <p><strong>EDIT:</strong> LOL at some of these comments.</p> <p>"You're just a Coinbase shill!"</p> <p>"You're just an Osmosis shill!"</p> <p>"I made money with CRO so you're wrong!"</p> <p>"You want me to use 20 different platforms?!" -- Uh no, I'm just giving examples.</p> <p><strong>Look... for those saying "I'm willing to give up some yield and pay higher trade fees for the convenience of one app" that is a totally FAIR statement and I'm happy that it works for you.</strong></p> <p><strong>The point I'm making is not against you.</strong></p> <p><strong>My point is against the countless threads and comments hyping up CRO as some god-tier coin that is the best and most undervalued investment on earth and going to make all the holders millionaires.</strong></p> <p>Many of you are acting like I said CDC is total garbage and sucks. Go re-read -- I said it's a decent platform with excellent marketing and does good by spreading awareness... but there are better options for trading and earning yield.</p> <p>"4% Coinbase card isn't available in my country" -- Another fair statement, but you're missing my point. Again, I'm not saying CDC is bad, just that it's not the best thing in the world. Obviously I don't know every debit/credit card that's offered in every single country, but even outside of crypto cards there are credit cards that offer 3-5% cash back/travel points and sign up bonuses worth $500-1,000 (see <a href="/r/churning">r/churning</a>). If that's not available in your country and the CDC card is your best option, then cool, get the CDC card!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CalculatedLuck"> /u/CalculatedLuck </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/su2mo4/im_sick_of_seeing_all_the_cro_shills_crocryptocom/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/su2mo4/im_sick_of_seeing_all_the_cro_shills_crocryptocom/">[comments]</a></span>Kind Regards R