Holy fuck guys, this chinkcoin erc20 scam is MTGOX tier.
For those out of the know, Monaco the failed cryptocard ICO rebranded into crytpo.com after a $10 million purchase and launched a very popular exchange that has grew exponentially.
The integrated both the MCO and the new CRO coins into their products and expanded their business requiring customers to be exposed to both.
Fast forward to now, after MCO’s price tanking hard, CRO in a serious bubble and tens of thousands of boomer normies locked into staking contracts...
IT HAPPENED.
MCO is being discontinued on the app and they are merging the functionality of the two coins. Upgrades are available on the app, one click and your MCO is converted.
So where’s the scam? MCO has flatlined for months now and is suddenly booming?! Isn’t it discontinued? The app forces you to not swap the coins but actually trade them unfavorably through price averages.
Your MCO carries the last 100 days of bears and your CRO carries the last 100 days of bulls. The price graphs of MCO are hidden from the users and they have to look elsewhere for the token.
This sets them up for the perfect double dump. Stealth dump the MCO and when the poor boomers are crying about their $200 Ruby crypto card now costing $800 overnight, give them what they want, dump that 100b market cap on them.
It’s scam2.0, absolute fucking mayhem in the telegram.
didn't read your entire blogpost but this is my situation in a nutshell
> bought 500 mco 2 months ago to stake for around 2300$ > today happens, ask for convert > i convert to cro > crypto.com gives you 20% in cro after conversion. idk why, but idc because you want to know why? upto ~ 2800 after conversion
Also bought 10k cro 2 months ago at like .12. Shit's been creeping up now at .16 something
Parker Richardson
Expect CRO to drop, way too much burned trust and people will want out. Also DEVbags aren’t going to let that happen at a profit.
Ethan Williams
Oh shit, I forgot all about Monaco. I remember reading their whitepaper in 2017, but I didn't participate in the ICO cause I'm a burger and I didn't know how to get into stuff like that at the time.
I didn't realize that crypto.com was from those guys. Thanks for the trip down memory lane.
Aiden Jenkins
>knowingly locking up money in a ponzi scheme Why would you do this to yourself?
Tyler Bell
I knew afterwards, crypto cards sounded comfy and I moved here from R9K and POL. Then I did my research. Uuuuuuuugh
Sebastian Sanders
Why the hell was anyone holding MCO in the first place? The only purpose was to stake it and get the card. CRO is the exchange token with the 16% returns.
Thomas Hall
Who gives a fuck? I'm sure it will be ok. Kris is an egghead you can trust he wouldn't fuck anyone over after all this.
If it does, I'll most likely break even. It can't drop that low. I'm up ~800$ from a ~3500 investment. On top of that, the blue card requires 50k cro which is substantially more than the 500 mco. Idk if that's going to incentivize people to buy more cro or affect the price negatively. we'll see.
Logan Clark
they have a free card too. no point going for card rewards with coronavirus fucking everyone over. should be back to normal after Trump wins again and he starts to crack some skulls.
Oliver King
This is based though. MCO was a dated coin and basically only had forced functionality over CRO. Switching over to the newer CRO and streamlining to one native currency from two is extremely bullish.
Ryan Edwards
shit shit shit, this is my trusted app and I hated that conversion they did, change all the cro for xtz, but this post got me worried.
Kevin Thompson
I actually don't understand why everyone's freaking out. I personally thought it was great.
Anthony Baker
Even 16% stakes won’t save you from the hyper dump that will come.
Robert Parker
Same LoL, not getting the fud.
Leo Taylor
I only have 200 dollars worth of cro locked up for the ruby card to work, and I also don't think it's gonna dump anyway.
Jace Barnes
And to be fully honest, I hope it does dump hard so I can get the tier 3 card. $8000 is too steep.
Julian Morris
Jesus fucking christ you write so annoyingly. Are you a woman? Every time I speak to a woman they can't get to the fucking point Tldr this shit please
Aiden Mitchell
This, but I’m debating on whether I need to keep accumulating link with a 8.1k stack or start accumulating cro.
Isaac Myers
I don't get the FUD either. I spent $2k on MCO earlier this year. Since then I have made way over $2k in link from the extra 2%. This really only fucks over the retards on reddit who had CRO as their main investment. The next tier is tempting though. 500,000 CRO card lets you earn on up to $1M right?
Carter Anderson
TLDR is that the coinswap pumps MCO and dumps CRO whilst locking users out of the trade.
Eli Reyes
Fair point, I’m psychometrically feminine. I’m kind as well as anxious and if you rank ordered 100 people in a room by those metrics I would be stood next to a bunch of them.
Angel Long
Congrats newfren, you got burned on a crypto scam, it happens to almost everyone. Hopefully you didn't spend too much money to learn this lesson and are able to withdraw. This market is full of fucking scams, be careful.
The only part locked in the stake was the 20% bonus CRO you got for converting
Jaxon Smith
Early, before the average price is fairer, if you have to swap do it at the last moment.
Alexander Turner
>Source: my ass
Thomas Mitchell
buy link first, 10 is soon
Owen Adams
Except for the fact MCO pumped BEFORE we did the swap, plus you get 20% bonus AND CRO didn't dump you paranoid whiny little bitch.
Camden Martin
Look at this graph, the MCO token’s only purpose right now is to be traded into CRO. Users cannot buy, users can only swap for CRO. I hope this Ponzi lasts the month so I can dump my CRO bags, but I heavily doubt it.
