Community makes voices heard and demands change, but is it too late?
The centralized crypto platform Crypto.com appears to be flip-flopping after a massive customer backlash when they announced cuts on staking and card rewards. Last week CEO Kris Marszalek of Crypto.com took to Twitter to announce major changes to the centralized exchanges’ earn features, but customers weren’t happy. The native CRO token lost more than 25% of its value in the aftermath.
Summary
Some context
Crypto.com is perhaps one of the most well-known centralized exchanges on earth. It’s hard to miss the giant hoarding advert boards everywhere, Hollywood celebrities advocating the platform, or the legendary Staples Center now called the Crypto.com Arena. As Matt Damon says, “fortune favors the brave”, and Crypto.com has undoubtedly been brave since morphing from its seedling days as Monaco back in 2017.
One major attraction for users to Crypto.com, alongside easy onboarding,…
