What is the issuance price and issuance amount of MCOIN (MCOIN) currency?

MCO, released at $0.10 per token in a 2017 ICO, offers benefits like trading discounts, staking rewards, exclusive perks, and participation in syndicate offerings.

Jan 07, 2025 at 10:18 pm

MCO, the Native Token of Crypto.com App: A Comprehensive Overview

Key Points:

• MCO is the native token of Crypto.com App, a popular cryptocurrency exchange and ecosystem.
• MCO offers numerous benefits to users, including discounts on trading fees, access to exclusive perks, and a variety of staking rewards.
• The issuance price and amount of MCO currency play a crucial role in determining its value and availability in the market.

Issuance Price and Issuance Amount of MCO Currency

MCO was initially issued through an Initial Coin Offering (ICO) in 2017. The ICO raised approximately $26.7 million, with MCO tokens sold at a price of **$0.10 per token. A total of 150 million MCO tokens** were issued during the ICO.

MCO's Utilities and Benefits

MCO offers a wide range of utilities and benefits to its users:

• Trading Fee Discounts: MCO holders receive discounts on trading fees on Crypto.com App, with higher tiers of MCO holdings offering greater discounts.
• Crypto Earn Interest: Users can stake MCO to earn interest on their cryptocurrency deposits, with higher MCO tiers offering higher interest rates.
• Syndicate Participation: MCO holders have exclusive access to syndicate offerings, allowing them to purchase tokens at discounted prices.
• Crypto Credit: MCO serves as collateral for Crypto Credit, a lending service that provides loans in fiat currencies against cryptocurrency collateral.
• Exclusive Perks: MCO holders enjoy exclusive perks, such as airport lounge access, hotel benefits, and cashback rewards.

MCO Staking Rewards

MCO staking rewards vary depending on the tier level of the user. There are four tiers of MCO staking:

1. Blue: Staking 50-500 MCO tokens grants Blue tier status, offering 1% exclusive cashback on all purchases made with the Crypto.com Visa Card and 6% p.a. on MCO and CRO deposits on Crypto Earn.
2. Silver: Staking 501-5,000 MCO tokens grants Silver tier status, offering 2% exclusive cashback on all purchases made with the Crypto.com Visa Card, 8% p.a. on MCO and CRO deposits on Crypto Earn, as well as access to exclusive events and promotions.
3. Gold: Staking 5,001-25,000 MCO tokens grants Gold tier status, offering 4% exclusive cashback on all purchases made with the Crypto.com Visa Card, 10% p.a. on MCO and CRO deposits on Crypto Earn, and 2% exclusive cashback on Spotify, Netflix, and Amazon Prime subscriptions.
4. Icy White/Frosted Rose Gold: Staking 25,001+ MCO tokens grants Icy White/Frosted Rose Gold tier status, offering 5% exclusive cashback on all purchases made with the Crypto.com Visa Card, 12% p.a. on MCO and CRO deposits on Crypto Earn, and 10% exclusive cashback on Expedia and Airbnb bookings.

FAQs

What is the current price of MCO?

The current price of MCO can be found on cryptocurrency exchanges or market data aggregators. The price may fluctuate over time based on market conditions.

How do I purchase MCO?

MCO can be purchased on cryptocurrency exchanges, such as Crypto.com App, Binance, or Coinbase.

What is the future outlook for MCO?

The future outlook for MCO depends on a variety of factors, including the growth and adoption of Crypto.com App, the overall cryptocurrency market conditions, and the success of MCO's ongoing initiatives.

How do I stake MCO?

MCO can be staked within the Crypto.com App by following the instructions in the app's interface.

What are the benefits of staking MCO?

Staking MCO offers a range of benefits, including discounts on trading fees, access to exclusive perks, and a variety of staking rewards.