Overview of MCO Token
MCO is a token based on Ethereum blockchain with a price of $4. It is listed on 2 exchanges with 9 active markets. The 24h volume of MCO is $211.33, and the market cap is $63,164,111 ranking #0.
About MCO Tokens
MCO is an ERC20 token serving as the native currency for the Crypto.com platform. It pays for services like trading fees, storage fees, and commissions to merchants. Users can stake MCO tokens for rewards and discounts. Transaction fees are low, and all transactions are verified on the Ethereum blockchain.
Transition to CRO Token
Crypto.com orchestrated a controversial token swap replacing MCO with the newer CRO token. CRO is poised for growth from 2021 to 2025.
Features and Benefits of MCO
- Credit fees can be discounted up to 20% when holding and staking MCO tokens.
- Enables fast, free international transfers of 23 currencies to 120 countries.
- Offers cashback rewards up to 2% per transaction with Monaco Visa card.
- Can be traded on seven exchanges for easy swapping with cryptocurrencies like Ethereum and Bitcoin.
- Provides additional features when investing in Monaco by purchasing MCO.
- Airdrops decrease over five years with more account movements resulting in fewer free coins.
Company Details and Market Performance
MCO is headquartered in Hong Kong with over 170 employees. The circulating supply is nearly 15.7 million out of a total of 31.6 million. It is ranked #346 by market cap at $21.5 million.
Historical Performance and Trading
MCO had a peak market cap of $243 million in January 2018. The lowest price in 52 weeks was $0.2005026, and the highest was $5.10. With a volatile price, MCO traded at $14.92 per share (USD) with a market cap of $1.3 billion.
Conclusion
MCO aims to make cryptocurrencies more accessible and usable for everyday transactions by offering a platform that bridges banking and cryptocurrency.