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MCO Visa Cards to be 3x more expensive + MCO/CRO token swap
By betterspider  •  August 3, 2020
Crypto.com today announced a token swap for their MCO tokens, where token holders for their MCO cards will have till 2 Nov 2020 to swap their MCO tokens for CRO tokens on the Crypto.com App. This announcement was made to combine the two tokens in their ecosystem into a single token for their upcoming CRO mainnet. There will have no changes to the functionalities of MCO as of this post. Once the deadline is reached, you cannot buy or sell MCO through the app or transact with it on the app. However, deposits and withdrawals will still be supported.

The swap is pegged at 1 MCO = 27.6 CRO

Crypto.com has used the 30-day volume weighted average price in USD of both tokens to determine the swap formula. Swap formula for the MCO to CRO swap Swapping before 2 September 2020 will grant you a 20% early swap bonus, distributed on the Crypto.com exchange and staked for six months, resetting any remaining time on your exchange stake (if you have one)....
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By betterspider
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