/biz/ - Business & Finance

>>20948205
yes you get pajeeted

>>20948205
The catch is the bonus of 20% is locked for 6 months on their shitty exchange.

Buy SXP

Unless your MCO is held in a separate wallet or exchange in which case sell it for something else and buy CRO.
If it’s in the CDC ecosystem then yeah buy ASAP before the price of CRO climbs

>>20948289
Why exactly would CRO price climb? Their cards went way more expensive already.

>>20948289
the rate is fixed, no matter what happens to the price of CRO, MCO should climb together with it

>>20948262
show me the benefits of using a swipe (SXP) card over crypto.com (CRO). hint: there's none.
swipe only available in europe and offers absolutely nothing crypto.com doesn't.
crypto.com is operating as a crypto bank and issuing cards on 4 continents, has far more worked out tier structure and in the end simply offers shittons of benefits swipe does not.

>>20948289
the rate is fixed, no matter what happens to the price of CRO, MCO should climb together with it

>>20948262
show me the benefits of using a swipe (SXP) card over crypto.com (CRO). hint: there's none.
swipe only available in europe and offers absolutely nothing crypto.com doesn't.
crypto.com is operating as a crypto bank and issuing cards on 4 continents, has far more worked out tier structure and in the end simply offers shittons of benefits swipe does not.

>>20948623
Remind me in 6 months. U ll hero yourself fren

>>20948694
you can shill swipe over crypto.com the moment they actually offer things that make them more lucrative, at least from some subjective aspect, for an actual person who needs a crypto card. currently there's just absolutely no aspect and no reason to pick a swipe card over crypto.com anywhere on the globe, so shilling it right now sounds pretty dumb.

>>20948623
so its now about 1000$ for a basic card

wtf?

>>20948794
Yeah, they’ve potentially fucked themselves hard with this as far as trust goes. Of course, because so many more people own CRO and at a much higher rate because of the exchange and syndicate, not to mention the staking interest, I see how they can get away with this.

>>20948794
$0 for a basic card, $850 for a card with free spotify subscription and 2% cashback. But it'll be 5k soon. :^)

>>20948827
How did they harm anyone's trust with this? They still offer the most competitive card in the scene. They just adjusted a little to the competition. If anything, they just signaled that if you sign up at the current favorable conditions (that they're still offering to grow their userbase), you will continue to enjoy the current benefits even if they change it further in the future.

>>20948907
They screwed over their most original investors MCO investors how the fuck is that a harm of trust for ya fucker

>>20948205
So I just (yesterday) got 50 MCO in my .com wallet and signed up for the ruby red card - I had to lock my MCO for 180days...
Can I still swop them for CRO or have I locked myself out of this 20% GAIN!?

Well hmm. I have the 500 tier card. Does this Mrs a I lose my card now? See the price of mco shot up. So maybe I'll just sell when my unlock happens. Bullish for other cards.

>>20948972
again, how the fuck did the MCO investors got fucked over? they just received a 20% bonus, and even more because the base-conversion price was also nearly 20% higher than yesterday's MCO price. overall they just woke up with their former MCO stacks being worth 40% more than yesterday (in bitcoin). MCO had a marketcap of less than 60 million dollars yesterday, while CRO has well over 3 billion. crypto.com just swallowed some loss and rewarded original investors.

>>20948988
just open the app. you can convert the stake with the 20% bonus applied.

>>20949109
you keep your current benefits UNTIL you unstake it, retard. you cannot restake afterwards at the previous conditions. just never unstake, lol

>>20948988
like a dick I should have just searched this shit....
For those with same issue:

The Early Swap Bonus will be distributed on the Crypto.com Exchange and Staked for 6 months. It is important to note that, if you have an existing Exchange CRO Stake, receiving the Early Swap Bonus will reset the remaining time on your staking period to 6 months.

If you want to avoid this, please wait until after 2 Sep 2020 at 23:59 UTC to perform the MCO Swap.

The MCO Swap program covers MCO held in any of the following products:

MCO Wallet balance
MCO Stake
Crypto Earn: MCO flexible, 1-month fixed term and 3-month fixed terms
Crypto Credit: Any MCO collateral deposited for loans. For more details on how loans with MCO as collateral will be handled, please see below.

>>20949134
Ok. So is there any reason then not to do the early swap?

At the core I don't believe this really hurts early mco investors then... Nothing about it either strikes me as particularly upsetting. Damned if they do, damned if they don't. This basically gives a higher utility to one token. Although I think those tiers are absolutely ridiculous. Don't understand what the end game there is.

Bump

gonna sell my mco on binance, 20% is priced in and i want out of this ponzi

>>20948205
Swapped mine this morning! Was honestly planning on doing this anyhow and just staking the min for my card benefits, now I can stake it as CRO and get a better % return. Win win!

>>20949923
Dumb fuck detected!

>>20948623
OH wow. They won't be competitive with swipe with these prices.

>>20950147
I'm not familiar with swipe card but will look into it just for the sake of getting a more informed view. As a CRO poorfag I agree that these rates will push people away. £800 for the first tier is a tad expensive to people like me.

inb4 poorfags priced out. Tell that to CDC, not me ya cunt

>>20950081
fuck you shill

>>20949151
The issue is with 500 MCO you had much bigger share of the whole supply than after CRO conversion

>>20950322
swipe's first and only staking tier costs nearly $60,000 and offers nothing crypto.com doesn't, while lacking a lot of offers crypto.com has. yeah the conditions are less lucrative now, but are still the best on the market.
you keep your previous conditions as long as you keep staking, though.

>>20950081
that guy holds 0 MCO, it's just an sxp bagholding fudder you fucking retard.

>>20948205
Literal ponzi scheme

It's stupid now that you have 2 separate CRO staking options. One for card and another for exchange.. hope they unify them soon.

>>20951021
Ponzi scheme that has actually working product that is best cryptocurrency credit card on the market.

>>20950322
swipe's first and only staking tier costs nearly $60,000 and offers nothing crypto.com doesn't, while lacking a lot of offers crypto.com has. yeah the conditions are less lucrative now, but are still the best on the market.
you keep your previous conditions as long as you keep staking, though.

>>20950081
that guy holds 0 MCO, just bought SXP at $2.3 and now desperately FUDs every other card in hopes he can will get his money back, which he won't see again for years at least.

>>20951064
Woah like almost every current bank in America :^)

>>20950322
swipe's first and only staking tier costs nearly $60,000 and offers nothing crypto.com doesn't, while lacking a lot of offers crypto.com has. yeah the conditions are less lucrative now, but are still the best on the market.
you keep your previous conditions as long as you keep staking, though.

>>20950081
that guy holds 0 MCO, just bought SXP at $2.3 and now desperately FUDs every other card in hopes he can will get his money back, which he won't see again for years at least.

>>20949134
Jesus fuck you fucking retard, they kept on promising features for MCO while their only focus was on cro, they kept on DUMPING MCO and PUMPING CRO. Now after they dumped all MCO and PUMPED CRO they force ALL MCO holders to swap to cro or hold a USELESS SHITCOIN, how’s that for a good deal for ya mco holders fucking homo

>>20948221
THIS, I staked 10k CRO, maxed out what i could put in, I got like $15 of BTC....for ~$2k upfront.

Now I just have to wait 6 months to get my 10k CRO back...at least its getting 20% back

>>20951092
>>20951162
Yea i read this in one of the other threads iirc. Yeah $60k is way too much for us poorfags. I got lucky bc I'll get to have the 5k CRO for my ruby card benefits along with the 10k I have staked. As the dubfaggot >>20951455 posted the MCO pump right after the announcement got me thinking. Also if you have MCO in the exchange you cannot do anything with it and the app only allows you to do the swap and not sell or buy. Idk man, I'm a 2017 newfag and my microbrain cannot grasp too many things at a time. I'm also wondering what's the nord with the 50k MCO has to say about this

>>20949209
Anybody?

>>20949209
>>20952639
op here (duh)
i swapped already. and "i am enjoying the same benefits as the <insert your tier's new cost here> CRO staking tier".

>>20952894
Hmm. Well I will say I'm cautious now. I have always considered cro a scam because they can mint so much more. But on the flip side, there is certainly more value in having one token. However, I worry that the price may fall. I really don't understand the value of cro. But if it maintains that, then this is actually bullish for cro

>>20953222
Can they really mint any amount of CRO? Source on that?

>>20952639
I'm on the same boat as you and I'm doing some maffs to figure out how to keep my staked CROps in the exchange, app, card and have enough for the syndicate plays. I don't want to buy more atm but I'm very inclined to do it asap. I'll definitely do it in the first month but this MCO pump makes my miniscule brain think that it may have a small impact on the CRO/MCO rate and.

>>20953273
Well only 16 billion minted of 100 billion cro.
>>20953464
It's a weird spot to be in really. I mean I don't see any reason to unstable my jade green, but if I ever unstake, I don't think I'm coming back to CDC. Swipe and amon are gonna destroy this.

My concern here is they are gonna move everyone to cro, mint enough to drop the prices down to current levels, and mco holders won't be able to say shit.

I was literally considering buying 50 MCO The other day to get the Ruby card, but then decided to get the lower tier so I didn't have to buy MCO.

I already had 5000+ CRO in theri flexible earn plan so I can just take that out and get the card now (after staking for 180 days)

Might actually do it.

Well it appears the swap prices are fine. 1 MCO trades for 32 cro it looks like. They are doing a swap for 1MCO to 27 CRO, but with the extra 27 percent, it's the same value.

Think I'm gonna get out of my extra MCO though and debate on whether or not I want to hold the card. I don't really use it all that much anyways.

>>20953666
I haven't done any dd on either swipe or amon so I won't try to shit on them nor will I try to shill CDC. I agree that it's a weird spot to be in satan but I'l stick with them for now. I also have been just'd too many times by cz and his pals chasing shitcoin pnd's to give more of my money to him. Time will tell

>>20954207
Take a look at amon anon. I don't mind shilling it a bit now that I don't think the price will be dumping for a while. Similar principals, has approval for a card. Low market cap, and the app is looking pretty neat since its trying to automate the process vs having to top off a card.

My only regret is not picking up an icy white back when mco was $1.5

That would've been $7500 for a card thats now $85000.

Fuck

>>20954584
Yeah that's a tough one to swallow. But who the fuck knows where the price is gonna go because of inflation.

I just swapped over my mco stake to cro. At least you get a higher cro staking bonus. Think I'll sell off the remainder of the mco I have since my stake period for that ends end of month. Don't know if I'll dump the card until another project takes off in Clapistan. But maybe I'll get lucky and the interest will pay for itself. Who knows?

>>20954651
I am pulling out all of my linkies though. Was nice while it lasted.

Coinmeteo is releasing a fiat onramp for burgers soon so I'll probably just use my card for the bonus and spending and see where it goes.

>>20954651
I was seriously considering Icy White but opted for indigo instead back when MCO was super low.
Even without the staking benefits, I'll still have a free lifetime Loungekey membership which is pretty cool.

I have 2 months left in my CRO earn, but im now seriously considering converting everything to LINK/XRP, or stake a stablecoin and just farm 12% interest.

>>20954925
dude, your thumb looks like a toe

>>20954983
thanks buddy <3

>>20954925
If you trust them enough with your other holdings, I say go for it. But I really don't. I don't think the 12 percent on linkies is really worth the risk after this move. I will probably keep using the card though. I think cro creation might not be that arbitrary, but I still consider it a problem.

I have no issue with a single token ecosystem though. Other than inflation being a problem, I think this would be extremely bullish for whoever held a week ago.