05-02-2022, 07:14 AM
If you're shocked that unrealisticly high staking rates get reduced - honestly, I th
<!-- SC_OFF --><div class="md"><p>Crypto.com announced today that they are strongly reducing and fading out the rewards of their cards and the front page is full of people complaining about it (one popular post even calls it a rug pull - lol, no, this is not what a rug pull is). And honestly, I'd be pissed too if I had a CRO card. But then again: honestly, what did you expect?</p> <p>This doesn't just apply to CRO and their card, but to any crypto projects promising absurdly high staking rewards. If it seems too high to be sustainable, you can still gamble on it and hope it still goes on for a while - but honestly, how can you complain if it gets reduced? This is done to shill a coin or project, get new buyers/customers and some free publicity. But of course you can't keep the rewards super high forever. There's no free lunch, neither in crypto nor anywhere else.</p> <p>If something in crypto seems to good to be true, it is. If staking rates (or some other forms of rewards) seem to high to be sustainable, they are. It's either a scam or, if you're lucky, they will just get reduced later in time.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mic_droo"> /u/mic_droo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ug25oy/if_youre_shocked_that_unrealisticly_high_staking/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ug25oy/if_youre_shocked_that_unrealisticly_high_staking/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Crypto.com announced today that they are strongly reducing and fading out the rewards of their cards and the front page is full of people complaining about it (one popular post even calls it a rug pull - lol, no, this is not what a rug pull is). And honestly, I'd be pissed too if I had a CRO card. But then again: honestly, what did you expect?</p> <p>This doesn't just apply to CRO and their card, but to any crypto projects promising absurdly high staking rewards. If it seems too high to be sustainable, you can still gamble on it and hope it still goes on for a while - but honestly, how can you complain if it gets reduced? This is done to shill a coin or project, get new buyers/customers and some free publicity. But of course you can't keep the rewards super high forever. There's no free lunch, neither in crypto nor anywhere else.</p> <p>If something in crypto seems to good to be true, it is. If staking rates (or some other forms of rewards) seem to high to be sustainable, they are. It's either a scam or, if you're lucky, they will just get reduced later in time.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mic_droo"> /u/mic_droo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ug25oy/if_youre_shocked_that_unrealisticly_high_staking/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ug25oy/if_youre_shocked_that_unrealisticly_high_staking/">[comments]</a></span>