Gemini Earn Users Face Potential 70% Reduction in Promised Bitcoin Payouts Under Proposed Reorganization Plan
Gemini Earn users face the potential of a 70% reduction in Bitcoin (BTC) payouts compared to the original scheme under proposed reorganization plans. The proposal, put forward by a user of the platform, also suggests decreasing the minimum amount of earned BTC to just 10 USDT.
According to the documentation available, the goal of the reorganization is to increase the number of users and to keep rewards for those who already have invested in the platform. The proposed plan would see a maximum of 0.25 BTC earned by each user per month, down from the current maximum of 0.83 BTC per user.
It is not clear what the new minimum amount of earned BTC for each user would be if the reorganization ultimately goes ahead. Currently, the minimum total earned BTC by all users each month is 20 USDT.
The potential reorganization triggered criticism from users who felt that the new proposed rates were too low. Critics noted that users had been attracted to the platform in the first place due to the promise of a higher rate of return for their investments compared to other platforms.