News Card and Staking Rewards Returned After Widespread Backlash 

Kris Marszalek


Kris Marszalek, CEO of, stated the company would provide a more balanced approach, comprising 8% APY for private members and 4% APY for “Royal Indigo” and “Jade Green” cardholders.
Source: Twitter.

CROUSD up +6.49%, BTCUSD down -0.09%

The decision had caused a widespread backlash among community members on social media platforms, including Twitter and Reddit. Most comments were negative as prices of native CRO token plunged by nearly 11%. has backtracked its decision to full end staking rewards whereby card users locked up CRO for a 180-day period to generate yields. is set to continue to offer staking rewards to its card users a day after removing the reward program. Even though the rewards are lesser than those being offered, Marszalek stated that the changes were necessary to ensure the long-term sustainability of the yields provided on its card product.


Algorand Jumps Nearly 14% After Signing Deal to Become Official Blockchain Sponsor of FIFA

Previous article

Eurozone Industrial Producer Prices Jump by 5.3% in March, More Than Expected

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News