Crypto.com is a one-stop-shop for users to buy, spend and save cryptocurrencies such as Bitcoin, Ethereum and Binance Coin. With a multitude of staking options to unlock various features such as interest rewards, cash-back and rebates, the company is strongly geared towards everyday individuals looking to make the most of their digital asset holdings.
The platform uses two native tokens, MCO and CRO, which serve different roles in the company’s larger ecosystem. MCO, the first token created by the project, is used as a staking mechanism to unlock tiered benefits and to upgrade credit cards with higher feature sets. In short, the more MCO you stake via the Crypto.com mobile application, the higher savings, rebates and cash-back incentives become available to you.
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Crypto.com is a multi-site company based in China (Guangdong, Shenzhen), Hong Kong and Bulgaria (Sofia City Province, Sofia). The company's CEO is Kris Marszalek, who has successfully built and sold several companies in Asia. (BEECRAZY). Further information about the company and the team can be found under “About us” on the website.
Crypto.com has an active partnership with Visa and offers several different Visa Debit Cards in a cool design on its platform. Which design and which card you get depends on the number of MCO tokens. The CashBack on purchases also differed here. With the "Obsidian Black" card you get up to 5% CashBack on your purchases with the card and a daily cash limit of $ 1000. The platform informs its customers via Facebook, Twitter and Linkedin. Apart from the WHOIS protection (which is now standard in the crypto area), the company is quite transparent. The research carried out on the Internet so far shows a very positive picture and speaks for a reputable company. However, we always recommend caution and never invest more money or coins than you are willing to lose.
The crypto.com wallet is available for Apple (IPhone) as well as for the Google Play Store. The app has good recessions and works perfectly. Downloading and using the app is free and fairly intuitive. The KYC process and other settings can be carried out directly in the app. Anyone who uses the app will notice the professionalism of the company when setting up the account.
In addition to the crypto.com Coin (CRO Token), the MCO Token can of course also on the wallet: Bitcoin, Ethereum, Ripple, Thether, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, ChainLink, Dash, Tezos, Ethereum Classic, Cosmos, NEO, USD Coin, Maker, VeChain, and many more. For the rewards, you have to store your desired coins in the system for a specified period of time. You can find out more about this under the point "Earn Cryptos".
The platform crypto.com was founded in 2016 and has been active on the market since then. The development of the company is remarkable. In the team and in the company history you can see a continuous positive development. More than 10,000 people have subscribed to the company on Facebook. An important aspect for a reputable company in this branch is regular updates on the social media channels.
The company holds the private keys, so please note "Not your key, not your coin". If the provider is hacked or gets into financial problems, your deposits are at risk. Therefore, please never invest more money or coins than you are willing to lose.
About CRO Token:
CRO Token enables transactions between currencies and assets to be processed for the native Crypto.com chain. It is available on several global exchanges. The CRO token fulfills the following functions: • Allows currencies to be transferred between different coins • Participants who write transactions on the network use CRO to pay the block transaction fees • The participating nodes are rewarded in CRO for processing and validating transactions in the network • Customers who pay directly with CRO pay minimal fees Similar to Binance with the BNB token, the CRO token acts as a utility token for paying fees.
About MCO Token:
Crypto.com carried out the MCO token sale from May to June 2017 and raised $ 26.7 million. MCO has a trading volume of 15.8 million tokens and is traded on 22 exchanges worldwide. The MCO token program has been significantly improved since it was launched and is still being developed. The MCO token is an ERC-20 token that entitles to certain staking rewards within the crypto.com universe. Depending on how many MCO tokens are held, the better conditions you get for your credit Card.
Earn Cryptos with crypto.com:
Extremely exciting and certainly interesting for most users, the "earn" program from crypto.com. You get an interest on the fixed investment of various coins at crypto.com. This in turn depends on the investment time, the coin and the amount of MCO tokens you hold.