Crypto.com, a crypto exchange announced significant reductions in the CRO Staking Rewards for all tiers its VISA prepaid cards. The token price has fallen around 30% in less that a week.

This blog is for May 1. Previous post explains that card rewards will be reduced by an average of 69.5%, and 100% on its lowest tier Midnight Blue card “to ensure long-term sustainability.” On its highest tier Obsidian card which requires at least $400,000 in CRO to be staked, rewards will drop from 8% to 5%. On June 1, changes to the rewards calendar will take effect.