First Ever Crypto Staking in CRO token and Experience

지난달

Hello and Namaste Everyone

I am happy to admit that I am not a crypto expert and my crypto journey has been started with this wonderful community only. I believe that crypto is such a vast industry and a lady like me who comes from a non-technical background will take a few years to get much knowledge.

image.png

src

I have been going through crypto.com for some time and this exchange offers various crypto services including trading, staking, etc and they even have Defi which is a hot and trading crypto instrument these days. I got to know about their staking products and I did register myself and also got my KYC done. I was needed to stake their 1000 CRO tokens. CRO is their native tokens for they are working to increase its utility which would help the token to gain more value and its price.

I had selected this Ruby Steel card for which it requires a minimum of 1000 CRO tokens that I did in Aug month. Token price was approx $0.17 at that time so I had to spend $170 in total and a few $ in transaction fees as well.
image.png

image.png

This card also offers some benefits in form of cashback and Spotify subscription but in India, it's not applicable however it may be available in future


Now today when I checked the app on my phone it was showing a balance of $98 only so I thought that there is something wrong with the app as I was not expecting this much of a downfall in CRO token price.

image.png

image.png


I went to coinmarketcap website to check out the price and then I found that the balance is correct because the price has gone down by almost 40-45% and that's why it's showing less.

image.png

src

I am not worried because I know that the crypto market is highly volatile and within my experience of 18 months I have seen many scenarios like this. Now since I have already staked these coins for 6 months so I have long-term goals and hope that it does well in the future. I usually don't check the crypto prices every day and even I do the same for HIVE but nowadays Bitcoin is going up so thought of checking the value if there is an increase however here the situation is the other way round.


Thank you so much.

Stay safe and have a great Friday.

image.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

Hi @reeta0119
The reality is that in the world of cryptography it is so immense that it is almost impossible to know everything. But as you say, projects have to be seen in the future, maybe today it will go down 50% and tomorrow it will go up 100%, that's generally the way it is.

·

Thanks for sharing about crypto @josevas217

I completely agree with you.

You have been upvoted by @sapwood A Country Representative from INDIA I am voting with the Steemit Community Curator @steemcurator07 account to support the newcomers coming into steemit.


Follow @steemitblog for the latest update on Steem Community and other writing challenges and contest such as The diary game Season 3, Steem Crypto Challenge, Better Life, etc. Also keep engaging with others to win #onepercent & #twopercent votes

·

Thank you so much @sapwood