MCO <> CRO token swap - a unique opportunity.

Crypto.com just announced the retirement of the MCO Token (A 5-coin to $5m palm beach recommendation!) - so I guess the PBC crowd will be along shortly to dump their position.

There's a unique opportunity to holders of MCO right now...

1 MCO = 27.6439 CRO is the ratio being used until the swap program ends, November 2nd, 2020.

So Yesterday a medium tier card would have required you to stake 500 MCO tokens ~$2000, today it is now 50,000! CRO ~$8.5k !! - (prime example why you stay away from centralised blockchain projects folks)

The fair market value for MCO token holders is now ~$20

Also as the swap gets under way there'll be fewer MCO tokens in circulation, this will cash upward price pressure for sure. So go long until November.

Kommentera:

I now see crypto.com have updated their staking amounts. In the above example the medium tier card has changed from a 50k CRO stack/stake to 10k in the space of 48 hours.

I don't know about you, however this seems to me like an example / a reason to stay away from centralised projects in the blockchain space. It is almost like they're trying to destroy the possibility of adoption rather than aid it. I sense panic.