Because the bear market continues, Crypto.com introduced Monday that it’s eradicating 15 cryptocurrencies from its Crypto Earn rewards program.
Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW are amongst these being eliminated, however Crypto.com added Zilliqa (ZIL), Fantom (FTM), and NEAR to the checklist.
Crypto.com can be modifying the reward charges for 5 totally different stablecoins: TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD), that are digital belongings pegged to the British Pound, Australian Greenback, Canadian Greenback, and US Greenback. Reward charges for different cryptocurrencies like Bitcoin, Ethereum, Polygon, Avalanche, and Solana stay unchanged.
The corporate did not say in its announcement why it eliminated these specific tokens; Decrypt has reached out for additional remark.
Response to the information was blended, with many customers saying on Twitter that it was “a shame” that Shiba Inu and Dogecoin rewards have been not an possibility.
Others stated that the change’s rates of interest have been so low that they have been corresponding to a traditional bank. “Not value to lockup any funds!” One Bitcoin holder said.
Whereas many have been upset by the information, others argued Crypto.com was making constructive strides towards “long run sustainability.”
Crypto.com’s Crypto Earn adjustments come simply two weeks after the corporate introduced that it was shedding 5% of its employees as a result of “market downturn.”
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