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Whistle blowing on Crypto.comFrom an speculative perspective on price, this is a bullish post. From a speculative perspective on the longevity of Crypto.com as a functioning company, this is hard news. First off, This post does not go against any community guidelines so please do not remove this post. Everything described is factual. I shared this information on the Crypto.com subreddit and the post was removed three times before I was permanently banned. Others then went on to share this information and were also banned. I have been a long-term customer of Crypto.com and currently hold the Rose Gold visa card. What's happening? _____________________________ The primary reason that the MCO token was deprecated was because it was created with a supply that would not support the longevity of cashback and interest earned on cards. This is one of the fundamental reasons that CRO "made sense." Recently, Crypto.com committed to burning all but 5.9bn CRO to be used for "mainnet block rewards for Chain validators and delegators which helps secure the network." With growing adoption and ridiculous rewards (compounding rewards for everyone), CRO is being dished out at an incredible rate to users. Now that Crypto.com have burned all of their reserves to decentralize the currency, there is not a sustainable source to continue these rewards which are the primary function of this service. I alone am earning 600CRO/ week from earn and around 100CRO/ week in rewards compounding... that's at least 36k CRO a year. Let's just say for arguments sake that across the board, (remember black card holders as well), the average user earns 15k CRO a year in total rewards. There are currently 10m users which is a rate of 150bn CRO per year in card and cashback rewards. If you're really bad at basic maths, I can make it even more clear. The base of users will definitely earn around 1k CRO a year - that's hardly anything. We know there are more than 10m users based on figures provided by Crypto.com. That means 10bn CRO a year are being rewarded in a scenario that we can all agree is an absolute. We are in a situation where there are only 5.9bn CRO allocated to "mainnet block rewards", so we don't even know that these will be used for cashback and rewards. Apart from that, there will be no more CRO available to provide rewards to cardholders. What does this mean for Crypto.com? ____________________________________ We have approximately six months until CRO available for rewards are completely depleted in the best-case scenario. If we use likely estimates, there appears to only be enough supply available to last until the Mainnet launch at the end of this month, so there are some major changes to come for Crypto.com users and investors. The one thing that makes this system work is the fact that these cards have better rewards than competition. How can this continue if there are no rewards at all?! Once supply is gone, Crypto.com is not going to be able to provide rewards to users in the form of CRO. We can only assume that they have another plan. What does this mean for CRO Investors? ________________________________________ Supply is running out! Hurrah! We can only assume that the burn by Crypto.com was their last hurrah to drive up the price and get rid of personal holdings before initiating their next plan... Or is this their exit strategy? Regardless, CRO is going to go up in price at an incredible rate until we know what is going to happen at Mainnet. If anything, this is a race to cash out at the top. Good luck to all.
HITBTC:CROUSDLong
by GrantPeace
13
Whats next ? strong bullish CRO Finally break strong level ( the opening price against USD and USDT) opening the way for more bullish The only thing stop it now is CRO against BTC now around Open price (R) if it break and close above we going to fly . (chart below ) . Accordantly CRO will hit 0.9$ + as start . CRO BTC chart Like if you agree , comment share you opinion even if you disagree . Technical analysis not considering any fundamental . ===Not a financial advice Don’t follow blindly ===
BITTREX:CROUSDLong
by fxyooh
CROUSD: buy setupCMC #18 " What Is Crypto.com Coin ? Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company. Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app. In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well. CRO went live in November-December 2018. Who Are the Founders of Crypto.com Coin? Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao. Kris Marszalek, an alum of the Polish Adam Mickiewicz University, has founded and headed three companies prior to starting Crypto.com: consumer electronics design and manufacturing business Starline Polska, location-based service mobile app and platform YIYI and the e-commerce firm BEECRAZY. Rafael Melo earned his bachelor’s degree in engineering from the PUC-Rio. Over his more than 15-year-long career in finance, Melo has worked with major companies in Asia and helped secure over 50 million AUD in funding for the Ensogo social commerce website. Gary Or is a software engineer with over nine years of fullstack engineering experience. Prior to co-founding Crypto.com, Or worked as platform architect at Ensogo and co-founded the mobile app development firm Foris. He received his bachelor’s degree in engineering, computer science from the University of Hong Kong. Before helping launch Crypto.com, Bobby Bao worked in the M&A department of the China Renaissance investment bank. Bao has studied at the University of Melbourne, NYU Stern School of Business and the College of William & Mary. What Makes Crypto.com Coin Unique? CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions. CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Crypto.com Chain. Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users. When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO. Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card. Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities. How Many Crypto.com Coin Coins Are There in Circulation? The total supply of CRO is limited to 100 billion coins, all of which were created when the blockchain went live — making it a non-mineable cryptocurrency. Crypto.com did not rely on pre-sales, public-sales or an initial coin offering (ICO) — instead, the coins will only be distributed via secondary distribution. The total supply of CRO will be allocated for five different purposes: 30% — Secondary distribution and launch incentives - released in batches on a daily basis over five years from November 14, 2018; 20% — Capital reserve - frozen until Nov, 7, 2022; 20% — Network Long-Term Incentives - frozen until Nov. 7, 2022; 20% — Ecosystem grants - frozen until the launch of Crypto.com Chain Mainnet; 10% — Community development. How Is the Crypto.com Coin Network Secured? CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function." source: coinmarketcap
HITBTC:CROUSD
by sequentialvzion
2
CRO Token Breakout!After Months of steady accumulation around deep value areas Fibonacci wise (between .786 .886), consistent higher lows and hidden Bullish divergence on the 1d, 3d, weekly and classic bullish divergence on the 2d on the MACD and RSI, the Crypto.com Token CRO is finally about to make a massive breakout, which could pump the token to its former ATH and probably even beyond if the macro stays strong. The composite man seems to have all the tokens he needed and is now ready for take off. Also fundamentally CRO is a very nice token since most of it gets staked by users of the Crypto.com Credit Card which is a very cool product if combined with the fair lending service that allows users to lend out their crypto in exchange for stablecoins which then can directly be topped up on their Visa Debit Card. For every transaction the user receive % of Cro tokens. If im informed correctly their Blockchain will soon go Public or make a Testrun of some sort. After all the FUD around the MCO and CRO token Crypto.com seems to have manged all the Issues they had and probably will become very Popular among new Crypto users and also Veterans again. Should have posted this Chart back in December when i started accumulating CRO, but i couldn't imagine that someone would be interested in my analysis. But i received so much positive feedback for my charts that i will now start to publish my ideas as much as i can. I appologize for the missed opportunity to give yall a good long entry :(
HITBTC:CROUSDLong
by luyestefan
2
Update on CROA couple of weeks ago, i posted an idea thinking we reached the bottom. Now, i'm not so sure anymore. It looks like CRO is stuck in the red channel. It tried to escape but it made 3 tops. The fat green line was support, but it couldn't hold and became resistance (a little bit soon to say maybe). So there might be a buy opportunity at $0,05. Crypto.com is planning to tie a dollar value to it's debit cards in stead of a steady number of CRO. I think there will be less incentive to hold CRO followed by a lower price.
HITBTC:CROUSDShort
by pol13337
5
#CRO looking bullish in the near future / #BTC #uptrend #cryptoAccording to these 3 indicators, CRO is looking like it's back in business to go bullish. Buy the rumor sell the news. Why did CRO dip to begin with? Well, since it started it hasn't been main net, including now, but it will within the next month or so (early bird special!). Prior to its dip, it was able to make its way to rank 9 in the world! So, it has candles waiting that high for future potential explosion gains at 17c, reputation, history, dependability and credibility (it has so many certs as a crypto exchange in terms of stability and fallowing laws in every country they work in, tons). That being said, to suffice for its future growth in creating a stable and streamline global exchange offering leverage trading as well, gift card offers, crypto to debit card offers ranging from 1% to 8% cash back depending on how much CRO you stake, staking in a long list of popular cyrptos, in-app customer service, etc, it had to reduce the amount of staking passive income per their CRO staking and other stakings they offer, which is a long list (I'll be honest, celsius wallet offers the most staking passive income but the list is minimal in comparison). Also, it used to carry a crypto called MCO but CRO is so multifunctional and had been so successful and was in a constant uptrend 3 quarters of in 2020 that they decided to migrate MCO into CRO and offer staking agreement migration from MCO to CRO plus an money air drop depending how much MCO you had. Some investors were upset about this because they LOVED their 16% passive monthly income staked in MCO which at the time had been sideways most of the year at roughly $3 to $5.50 compared to CRO's constant uptrend from 5c to 17c in just 3 quarters of 2020; yes, all of their drama was JUST because of staking passive income, nothing else, and investors were informed months in advance. The exchange is user-friendly and I've noticed on FB new crypto investors adopting CRO exchange app. Because of that, investors who were JUST interested in staking rewards abandoned them for Celsius, which as you can see is doing really good( they dont stake link or dot, one of those, thats a bummer if you pland to HODL them as they reach $100 by the end of the year) That being said, with their newly developed wallet aps and much more, its getting close to releasing main net soon. Risk and Reward: the risk is over in my opinion, they needed to get people interested in the app to create their platform by offering crazy staking rewards at first, but the reward is a global exchange that allows people to use their passive income or sell crypto in order to make purchases through their Visa cards(this is the essential idea of what crypto is designed to be after all) and a "Omni-platform" for crypto investors and traders, like bells and whistles plus some. They do offer the ability to do your taxes, their HQ is in Hong Kong. They are a centralized exchange with many many certs which the upside to that is it won't experience an XRP scenario, but, ***************it is first in the game as far as stability goes in the crypto exhange field. ********************** That doesn't mean it's as prestigious as Binance, it just means theyre less likely to bump into walls long-term as far as legality goes. Is CRO a good investment as a whole?....before I would've said wait. Personally, I love being able to spend my crypto, and personally, BUT I think the hard times they faced in 2020 q4 are behind them. They are the exchange that are & will usher in new investors into crypto and bitcoin 100%. Would I put all my eggs into CRO basket? NO, obviously there are way more profitable cryptos. Will it offer potential future gains? Absolutely. when they reach 17c again this year especially after releasing they main net soon in q1 or q2 you can expect CRO to be a good bag to have had early in the game, with price targets ranging from 20c to 50c and beyond if they keep up the pace, but I think they will considering money printer going brrrrrr, covid, and big banks transitioning into crypto creating more crypto hype. I say all this NOT because I want you to buy into this not at all, but because I've been with them from q2 last year and have been up to date with them for the most part, and I continue to see more people not knowing what the F happend in q4 2020. I prefer to HODL with them because I think their exchange has meritable security and options compared to the many cyrpto apps that aren't coinbase or binance or phemex; its just good at being streamline and dependable. For people who don't know anything about CRO and its business, this is a good update to reference, and that is the reason for me writing this all out. Also their CEO Kris_HK on Twitter is extremely afficient on keeping folks up to date on the dime if any updates are taking place. I love the Ichimoku indicator and on the Daily it's looking like its back in the limelight so I am happy to see it doing better now and look forward to seeing its progress this year. If you do decide to get one of their cards though, you will get passive income every week fyi. OK, that about wraps it up for this. My first time writing this much about a crypto so I hope I was clear in describing them.
BITTREX:CROUSD
by UnknownUnicorn8658872