Crypto.com is now doing a swap from MCO to CRO beginning August 3, 2020.
According to their FAQ you can swap anytime from August 3rd to November 2nd, 2020. If you swap early you will get a 20% bonus in CRO but the bonus ends September 2nd. I swapped my staked MCO and it retained the staking period and the 20% bonus went into a 3-month "earn" account even though it was far short of the 5,000 CRO that is normally required to make a "earn" deposit!
Even though the 50 MCO stake after conversion fell far short of the new 5,000 CRO stake requirement I am able to retain my staking benefits that I previously enjoyed with my 50 MCO stake.the swap rate I received was 1 MCO = 27.64 CRO and I received the 20% bonus for a total of 1 MCO = 33.1726 CRO.
According to the Crypto.com blog, they are consolidating the two tokens in preparation for mainnet launch and the swap will not be automatic. MCO tokens that are not swapped by November 2nd will remain as an ERC-20 token, but Crypto.com will no longer support them. If they are being held outside of Crypto.com, they must be transferred to Crypto.com before they can be swapped.
The new staking tiers are higher than the old ones, they are:
Ruby (Was 50 MCO) 5,000 CRO *Updated August 4, 2020 1,000 CRO
Jade/Indico (Was 500 MCO) 50,000 CRO *Updated August 4, 2020 10,000 CRO
Icy White/Rose Gold (was 5,000 MCO) 500,000 CRO *Updated August 4, 2020 100,000 CRO
Obsidian Black (was 50,000 MCO) 5,000,000 CRO *Updated August 4, 2020 1,000,000 CRO
Get in early while the 20% bonus is active!
