As the bear market continues, Crypto.com said on Monday that it would remove 15 cryptocurrencies from its Crypto Earn rewards program.
Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW are being removed, while Zilliqa (ZIL), Fantom (FTM), and NEAR are being added.
Also, Crypto.com is changing the reward rates for five different stablecoins: TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD). These stablecoins are digital assets that are tied to the British Pound, the Australian Dollar, the Canadian Dollar, and the US Dollar. Other cryptocurrency reward rates stay the same. These include Bitcoin, Ethereum, Polygon, Avalanche, and Solana.
Decrypt has reached out to the company for more information, since its announcement didn’t say why it took these tokens away.
Several people posted on Twitter that they were sad that the Shiba Inu and Dogecoin prizes were no longer available.
Others said that the interest rates of the exchange were the same as those of a regular bank. “It’s not worth putting any money up!” A person who owns Bitcoin said:
Many people were upset by the news, but others said that Crypto.com was getting closer to being “long-term viable.”
Two weeks ago, Crypto.com said that it will lay off 5% of its employees because of a “slowdown in the market.” Two weeks later, the changes to Crypto Earn were made.
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