Um so what is CRO and why is it worth $3.3bn ($16bn FDV)?
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One piece of it is def people locking up their CRO to use the credit card. In some sense the pioneered what vegetables are now doing -- but paired it with enough of a service (credit cards) that they don't bleed tokens to do it.
Correct. Consumers of CRO card try to game the system and maximise benefits. CRO themselves slowly drip the tokens enough to keep the consumers happy(they’ve 100B supply). MM keeps the token value as they own a exchange. Only hurdle was MCO which is now gone.
Disclaimer: I own a card and am one of those who try to extract max benefits from the card. As a user have no complaints and am basically happy. At the same time as investor, I’d never touch CRO as I find model unsustainable.
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This sounds about right to me--token is inflated which is the price you pay for staking to get the card; that deal is pretty reasonable.
Buying without wanting the card seems like you're missing a lot of the benefits.
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