Here’s their formal announcement from their site:
Changes to Our Incentive System
Dear Ciao Members,
Effective today our $1 per review bonus will change to a $0.25 per review bonus. Meanwhile, we will be introducing other incentive features – such as our Premium Fund program – to give you new ways to earn money on Ciao. These bonus programs, including the recently added Current Issue section, are part of our new incentive system, which is designed to reward high-quality reviews. We appreciate all the hard work you’ve put into your writing (and videos!), and our new incentive program will bring better pay to your best work.
There are lots of exciting new changes around the corner, and we’ll be sure to keep you up to date with all the ways to earn on Ciao as they come along. We’re sure you won’t be disappointed – especially when you look at your account balance.
Thank you for being a member of Ciao: We look forward to your new reviews!
If you’re still curious about Ciao and want to see and experience for yourself, click the banner below and join.