Crypto.com Update: MCO to CRO Swap — Is it worth it?
Crypto.com Update: MCO to CRO Swap — Is it worth it?
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On August 3rd, 2020, Crypto.com announced a HUGE change to the way they run their platform: MCO would be delisting, and converting to CRO completely! This was unexpected news and has a lot of people questioning what is going on. Here's the #411!
What does this mean for Crypto.com Users?
Crypto.com is focusing on what is working!
MCO:
$250 Million Market Cap
#105 in Crypto Total Market Cap
Ticker symbol for Monaco
Simply a cryptocurrency (no utility)
CRO:
$2.9 Billion Market Cap
#11 in Crypto Total Market Cap
Ticker symbol for Crypto.com
Payment Chain (AMAZING Utility!)
Is it worth swapping MCO for CRO?
Before 9/2/2020 users who swap get a 20% bonus in CRO for swapping
Swap rate = ~$4.39 per MCO token (not including the 20% bonus)
I earned +$775 usd in CRO tokens just for the 20% bonus!
Swapping on other exchanges may make MCO worth a little more, but not as much as the 20% bonus they offer
The changes in the Crypto.com VISA tiers is AWESOME!
Ruby Red = Stake 5000 CRO (currently ~$158 usd)
Jade Green and Royal Indigo = Stake 50000 CRO
Frosted Rose Gold and Icy White = Stake 500000 CRO
Obsidian Black = Stake 5000000 CRO
My Plan going forward:
HODL my crypto, and invest more on the pull backs
Upgrade to the Frozen Rose Gold Crypto.com Visa
Deposit Fiat Currency into my Crypto.com account, and use that to make purchases with my Jade Green Crypto.com Visa (things I would already be buying, anyways)
While this is not financial advice, I believe Crypto.com is the #1 platform in the cryptocurrency space!
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Crypto.com Review: • Why I Got the Crypto.com (aka Monaco) MCO ...
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