The Real Value of CRO is not the Earn Rates, It's the Cosmos Ecosystem

So there’s a lot of discussion about the new cut to the earn rates. And I think a lot of the sentiment is justified (who likes getting their income slashed?). But I challenge you to think bigger. The main driving factor for the value of CRO is not the Earn Rates, but it’s the Cosmos ecosystem.

Let’s take a look at the highest marketcap token that is native to a centralized exchange: BNB. Do you think that BNB reached such a high market cap because Binance was offering incredible rates on its earn program? Not a chance, the Binance app had nothing to impress me at all. But what makes BNB so valuable? It’s the binance smart chain.

The binance smart chain takes gas fees to transact on its network, and although not as big as ethereum, has quite a bit of traffic. People pay for BNB so they can transact on that network. That’s why BNB is valuable.

Now look at CRO, which is built on the Cosmos sdk. Cosmos is an IBC that has many other strong projects on it such as Luna, Osmosis, and Juno (just look at the price action on these projects and see their recent growth). Anchor Protocol? Yes, please. White whale? Quite innovative in my opinion. The Osmosis Dex and superfluid staking? Blowing the competition out of the water.

CRO is a part of this ecosystem and has its own network that runs its own dapps, but also is interconnected with these other projects.

So my suggestion is to look at the cosmos ecosystem and compare that with the binance smartchain, and then evaluate whether you want to be in CRO or not.

Because I don’t think earn rates ever propelled a crypto into the Top 10.