Biz, what do you guys think of crypto.com axing MCO in favor of CRO. I was really enjoying the app but this actually has me spooked. To make their cards work you are being forced to swap all the MCO tokens that you had (which has a lower supply cap) and have to move over to CRO.
Thoughts on the CRO/MCO swap
Grayson Lopez
Charles White
I think its good. Was confusing for them to maintain 2 coins. I was selling all my earned MCO for CRO immediately anyways since it has such better roi and earn rewards.
The only downside here is they dranatically increased the minimum required value of crypto to keep the cards. Shouldn't be too bad of an issue if you aren't a poor fag tho
Nathan Parker
I was confused at first by them using two coins so I think its a good thing they are swapping to one.
Ryder Scott
Reddit says they were scammed, so I think it’s a good thing for the company and a good buy signal
Aaron Smith
agreed, Reddit is sperging out, but the utility of CRO is so much greater, now that it is all under one roof I actually see this being much more bullish on the project.
Isaiah Fisher
I'm worried that people will bail now that the cards are so much more expensive.
Henry Brooks
I currently have 8.1k link. Should I start buying cro, or keeping reaching for 10k link?
Noah Robinson
They can theoretically put out more cro tokens to dump the price.
Easton Morris
its up to you fren, do your own dd. That being said, cro has a lot more utility now. Cro can be used in the crypto.com pay app, so now you are getting cash back from a card paid in cro, which you can use on crypto.com pay for gift cards that give back 10%. I see this as an absolute win. Plus, the actual cro chain is going live in Q4, which they plan to build dapps on.
James Cooper
Neet thanks fren
Brayden Ortiz
This. So.much.this.
Charles Ramirez
Also what’s a good cro stack to have?
Dominic Young
you can keep your card staking benefits as long as you keep your (converted, lower value) stake
i think they did well. they had to do something about mco eventually as their profile changed through the years, how could they have handled the situation better?
Brody Rogers
Justin Myers
Just found out the conversion bonus gets locked up for 90 days. That's really gay. I would have just sold it all otherwise. But whatever. What's done is done.
Colton Price
I have a bag of 20,000. So not that much at this moment. I am trying to get 100,000 before the chain goes live, but with the price pumping I am worried I wont be able to get that much.
I think they did a good job as well. I think this project is going to much bigger now that everything is streamlined into one token.
Hunter Bailey
Would like to try the swipe card, but I am a burger.
Gavin Wright
CRO is strangely enough my biggest bag.
Twitter is losing their mind over the MCO => CRO swap.
I was considering getting an MCO Card the other day, but I didn't have any MCO. Now I have enough CRO to get the Red card.
My biggest fear is that they're going to tank the price to get more people to buy into the CRO Cards now that they're so much more expensive than the MCO Cards were. So IDK If I want to lock up my 5K CRO that I didn't have staked for half a year.
Ryan Bell
Does anybody know how cro is supposedly minted? Is it really just whenever they want? The white paper implies only the ecosystem can do it.
Lincoln Powell
I really don't think they will tank the price. The team seems extremely proud that CRO is in the top ten. I bet if getting a card becomes to much for the market to bare, they will bring down the staking amount for the cards.
Owen Clark
>My biggest fear is that they're going to tank the price to get more people to buy into the CRO Cards now that they're so much more expensive
come on, if that becomes an issue and they actually feel like they should lower card entry prices, they can just move tiers one level up, or modify individual tiers. a falling token wouldn't be a very good advertisement for future stakers, and wouldn't chill the SCAMMERS YOU ONLY GAVE ME 36% MORE MCO! crowd down
Jaxon Fisher
They also mentioned doing a fixed USD price for the lowest card
Jason Ramirez
Might be cool. I question their ability to keep going in this space though as I don't know how much cro is used for its intended purpose. I always thought the cards were the driving value proposition of CDC. Nobody is gonna pay for the ruby card even now just for those benefits.
Connor James
It was always a ridiculously good deal before, now it's just a pretty good deal if you're not a poorfag.
Feels good to be grandfathered in though.
Bentley Diaz
SXP are going to drop three SVG idea and stick with one coin
Robert Young
>I bet if getting a card becomes to much for the market to bare, they will bring down the staking amount for the cards.
this
Nathan King
Cryptocooooooooneeeeeeeect
Nathan Watson
I guess it's the retards that are on biz and smart people on reddit.
Isaiah Morales
People seem pissed. It's been great for me so far so I guess it's all about timing. I got the ruby card a couple of month ago and have been scooping up CRO to earn and it's been steadily rising. Have only held MCO as whatever cashback I get in addition to the card stake, so the MCO drop is basically no effect, and actually with the 20% bonus I'm well into profit.
Ryder Smith
Yeah the scummy thing here is that it is obvious that CDC was manipulating the price for the last few months. We would have been in the six dollar range by now otherwise. Sketchy as fuck.
Nathan Davis
>retards that are on biz
>he posts on biz
Jason Lewis
I think its bullish that they made the cards more expensive - it shows they’re aware of concepts like ‘expense’ or ‘profit’ which I reckon if they were a scam/ponzi they wouldn’t be
Jonathan Scott
My biggest concern was the coin lockup for perks.
I had paid about 2.2k for 500 MCO tokens a few months back. That gives me 8% back on my 50k LINK stack. Over the course of a year, that gives me 4000 new linkies. That's going to be worth a hell of a lot more than the 500 MCO I had to lock up.
Plus the little perks of cash back, or spotify, why not.
If anything, I get to feel vaguely superior to newfags who will have to couch up about 4x as much capital to get the same interest rates I'm getting.
I'm vaguely bothered by the gameyness of it all, trying to get people to use their exchange, and all that, but as long as I keep my lockup perks, I'll probably come out ahead in the long run.
Jacob Rivera
In addendum, I wonder how this makes it competitive with the other crypto cards.
How does Swipe and Monolith and the Coinbase card stack up when compared with the reduced perks of a higher lockup cost.
Owen Richardson
>buy mco
>they create cro, tell mco holders they will get cro aidrop
>give non-us mco holders 5 out of the 50+ promised airdrops
>drive mco price down with sell pressure, push cro up with incentives
>force a swap
mco maxis got fucked