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Crypto.com card - 8% Cashback | Coinbase card - 4% cashback | Gemini card - 3% cashback | Safemoon card - 2.5% Fee.... wait what?

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by COINS NEWS 168 Views

They're legitimately marketing it as "only 2.5% fee on transactions"

In a world where you can get a Gemini, Coinbase or Crypto.com debit card and use it to buy goods and services with your Crypto, with no fees (like your regular bank cards) AND earn rewards and cashback, somehow, for some reason, Safemoon comes along and thinks they can entice people in the middle of the greatest cost-of-living crisis in living memory with eating an additional 2.5% transaction fee on purchases, plus the knowledge they're contributing in a fucking pyramid scheme.

By a $800 TV with your Safemoon card? It's now $820. Buy a $10,000 car? It's now $10,250...

It seems to me that the best use case for this card is to bypass the 10% sucker tax on selling Safemoon, which I've had theorised since at least 7 months ago.

I can hear the excuses now "Oh but the ecosystem, the volume"

You can't have volume in a system where the defacto price is larger than everything else, because a portion of the transaction needs to be sliced off and spread around everyone else

That's not an ecosystem, it's a pyramid scheme

submitted by /u/TNGSystems
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