Monaco (MCO) is a cryptocurrency that was renamed Crypto.com in 2018. It provides debit cards based on the blockchain and a mobile wallet application. It is essentially a payment token for blockchain-based apps and is traded under the ticker code MCO.
Kris Marszalek, Rafael Melo, and Gary Or founded MCO. Hong Kong is home to the company’s headquarters.
According to CoinMarketCap, the currency now has a market capitalisation rank of 291. Its market capitalisation has been declining in recent months.
This is because Crypto.com is urging holders of MCO to convert to CRO. Crypto.com ecosystem will utilise a single streamlined token (CRO) with integrated functionality instead of two distinct tokens (CRO and MCO). All functions presently ascribed to MCO will be retained and expanded but will be represented by CRO.
The Monaco coin ICO was held in mid-2017. It raised $26.7 million in Ether (ETH).
Monaco, formerly known as Crypto.com, is a cryptocurrency exchange that trades under the ticker MCO. Crypto.com provides blockchain-backed debit cards and a mobile wallet.
In addition to earning incentives, MCO tokens may be used to obtain quick loans. Using CRO tokens reduces transaction costs and pays additional tokens for completing transactions.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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