Crypto.com Slashes CRO Lock-Up Rewards Amid Token's Declining Fortunes

Crypto.com is once again adjusting its CRO token lock-up rewards, marking yet another change in the company's history. The move comes after a series of changes to its incentives, card benefits, and CRO economic conditions.

Starting September 10th, new CRO lock-ups will come with significantly reduced annual rewards. For Obsidian/Private (over $500,000) tier holders, the previous 9% annual reward drops to 6%, while Icy/Rose category holders see an 8.5% cut to 5%. Jade/Indigo/Private (over $50,000) tier members will receive a 4% decrease to 3%.

This represents at least a 25% reduction in rewards for the lower-tier categories and even more significant cuts for higher-end tiers. This change is notable given CRO's declining price, which has fallen by approximately 77% over the past year. The token remains well below its historic high of November 2021.