Crypto.com has announced a token swap — so far, the project has had two different tokens for its platform: Monaco (MCO) and Crypto.com Coin (CRO). MCO and CRO functions must be combined into one token. In the future, the focus will be on CRO and its further development and implementation into the Crypto.com ecosystem.
Investors must exchange their tokens no later than November 2, 2020. The exchange of tokens can be done directly in the Crypto.com app. If an investor holds his token on an exchange or in his own wallet, he needs to transfer the token to Crypto.com in order to be able to exchange.
In just 24 hours, the Monaco (MCO) cryptocurrency rate has risen by more than 34%, at the time of writing it was trading at $5.32. Also, users who complete the swap by September 2 will receive a 20% Early Swap Bonus.
Image courtesy Altcoin Buzz