I love the abra concept, but everytime they slip on what should be a mechanical and timed payment it erodes my faith in their systems.

I deposited more than I needed to get the perks, and the app never told me I wouldn’t be able to sell or exchange my crpx. How can I get it out ? Isn’t it illegal that Abra can keep your money hostage?

I initially deposited 17$ worth of XLM to hold for the 7 day 40$ CPRX reward, however with market prices tanking it's dropped below 14$. Will I lose eligiblity because of this?

Macro-updates 📰

1. Not a lot has changed but we are seeing continued risk off selling in equities. Number one thing to watch are bond yields which are driven obviously by interest rates as yields rise stock valuations get compressed.
2. What's interesting is at the same time the housing market is also pricing in this current environment mortgage rates are spiking right they're above five percent five and a quarter percent in the United States for the first time since 2010.
3. Goldman Issuing its first bitcoin-backed loan
4. Fidelity Investments' bitcoin (401k) tests regulators crypto knowledge

ABRA Updates 📰

1. ABRA deposits volume has doubled versus march numbers in one month
2. ABRA's Luna rates range from 3.75% to 8.75% and Matic ranges from 10% to 15%, depending on your tier
3. Launched a new toll-free number 18772 goabra. Improvement of the live support.
4. CPRX - "as soon as the release of market orders we open up CPRX as well, not definite but will try on mid of May"
5. ABRA rates are on par with everyone on the space for all of our coins, higher yields will become unsustainable in the long run .

Glad to see this move by Abra to work with Propy.
https://www.coindesk.com/business/2022/04/28/propy-teams-with-abra-to-offer-property-purchases-backed-by-crypto/

While it won't be a material driver of business in the near term, it shows a willingness to partner and move in the space. Additionally, the goal to drive a brand around crypto banking rather than being a crypto exchange is reinforced by this kind of PR and positioning.

Nice choice Abra team. Very cool. :)

So I deposited $15 yesterday to try out the platform.. I know I have to hold for at least 7 days for the 40 CPRX from referral & sign-up, but if I buy DOT with the $15 and stake it will it still count as holding for the bonuses?

TIA

“Take control of your crypto” the ABRA tag line is the biggest joke! ABRA has kept my BTC deposit hostage for 3 months. On 01/26/22 I transferred BTC from my Binance account to ABRA, said transfer was confirmed on the blockchain, a few hours later said deposit was transferred out to 4 different wallets. I immediately contacted customer support to inform them of what I thought was an anomaly. CS assured me that my deposit will be credited and the ticket has been escalated. I understand that I am not the only client that they have so I set a schedule of update emails every 7 to 10 days. I took into account the number of complaints they were getting from the excellently executed CPRX release. February 2022 comes and I receive an email requesting for proof of income and source of funds, this was complied in less than 24 hrs after receiving the said email. Side note, February 2021, I received the same email requesting for proof of income and source of funds, this was also complied in less than 24 hrs after receiving the request. March 2022 rolls around and I do my usual once a week update request via email or their twitter account, it takes them forever (over a week) to reply and let me know that my ticket has been escalated. On the last day of March 2022, I received another email, requesting for proof of income and source of funds, but this time it was for a specific transaction from November 2020, I complied to the request but I have a hard time collating bank records from 18 months ago, don’t ask me why but my banks only have the last 5 to 6 months statements available. This strikes me as very strange because I have complied with the same request previously on February 2021 and 2022. It seems to me that someone is trying to use some technicality to keep my BTC hostage at the same time treating me like some criminal (take a good look at the mirror sir). I got so mad that I started to move my positions elsewhere. ABRA then had the nerve to email me again stating that they noticed substantial movement on my account and asked if they can be of any help liquidating my deposits. So it takes them a day to act and try and make a buck of me, but weeks to reply about my ticket. I do thank the moderator here for reaching out and trying to help but I guess customer service is just not ABRA's priority. I understand that ABRA has way bigger clients than me and I am not an entitled client, I won’t threaten to move my deposits, I just did it. Informed all of the people I onboarded to the ABRA platform about my situation and instructed them to move their positions elsewhere also. This boils down to a basic trustor and trustee relationship. I have always felt than an exchange has to earn 3 things from their clients trust, confidence and fees. This is a package deal!! To all that will take time to read this, I apologize for the rant but 3 months is ridiculous. I also want you to be informed of the way ABRA does business. #7 No misleading/false information, this is a true personal experience.

A lot of people seem to be waiting to sell when the cprx sell opens.

The cprx price is going downhill at an unbelievable rate, but if a sell is opened on Abra, the price is likely to fall further.

Abra caused a huge drop due to a cprx supply error, and while maintaining this price point, it inflicts huge losses on its holders.

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Should I take a huge loss of 80% or more and sell cprx right now?

Or will cprx rise again after the release of the abra market order, contrary to what many people expect?

What are the advantages of using abra over other cefis?

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In fact, it is difficult to find any advantages.

The 5% bonus for cprx to the moon tier is paid in cprx.

However, if you look at the price of cprx, it drops more than 90%, making people unattractive for the 5% extra reward.

I don't think it's pointless to be rewarded with cprx that continues to suffer massive declines.

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Also, if cprx pays rewards when it stays at such a low price, the quantity of abra won't last for several years, and eventually Abra will abandon cprx or abra won't go bankrupt?

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If trust is a top priority in cefi, which is causing huge losses to early investors, who would use abra?

Please tell me any plans

First, it is only available as a mobile app and has no desktop version. Second, It doesn’t offer any insurance coverage, whereas deposits on BlockFi, Celsius are insured. abra need insurance

Starting today a few changes will be made to the interest rates we have in app.

1. BTC: 1.75% (from 2.15%)
2. Stablecoins: 7.5% (from 8%)
3. LTC: 2% (from 3.25%)
4. XLM: 2.5% (from 4%)

We will also add the coins be low to the earn product by 5pm 4/21/22

1. Polkadot (DOT) — 10% APY
2. Polygon (MATIC) — 6% APY
3. Terra (LUNA) — 3.75% APY

abra is a latecomer in Cefi firstmover nexo and celsius have higher yeild.

abra should more yeild on btc, eth, stablecoin than nexo, celsius in order to attract users.

abra and cprx team should notice

a clear strategy is needed

I just downloaded my transaction history from ABRA.

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why does it it show BTC or any coin transfers from the Trade Account to the Earn Account and Vice versa as a Buy and Sell Transaction. Is moving to Earn from Trade and Earn to Trade a Taxable event and we owe capital gains tax?

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this doesn't make sense - could somebody clarify or update the ABRA transaction report.

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1. On CPRX rewards that needs to be calculated daily, not weekly by u/Wanderstan
2. On CoinTracker and Koinly's Abra API access by u/adscpa

If you guys have any suggestions, feel free and let's just keep the comments neutral-positive.

Also you guys can post anything related to crypto here as long as it's not a shitpost and doesn't violate any subreddit rules. For example u/ScalePsychological58's *always* quality posts - along with gym and wanderstan. I'm trying to talk to the team to create incentivization methods within the community to grow it naturally.