Um so what is CRO and why is it worth $3.3bn ($16bn FDV)?
Conversation
5
9
Replying to
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.
2
5
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.
2
2
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.
Yup. For new buyers, it doesn’t make sense not to have card. I got lucky with the timing. Early 2019 when it was still MCO I got the card. 3% Rewards. Using as primary card, the rewards(also can topup with other bank cards) & token appreciation possibly puts you at 5x.
Not inflated at all, it’s Multi-Utility; Staking CRO on the Exchange (not in-App) will give you the following benefits:
• CRO rebate when you pay trading fees with CRO
• 20% APR interest paid daily
• Access to The Syndicate
• Crypto Pay Benefit
• Referral Program bonus
1