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Crypto.com MCO to CRO mandatory conversion!!!

Within the past couple days we've all been hit with a mandatory conversion that was set at a predetermined price.  The first night the update took place there was outrage amongst the entire crypto community but as the days passed there was some significant changes that were made.   First, the mandatory conversion was based off of an average and not the actual price of MCO.  A lot of customers were outraged, but in the long run and through the grand scheme of things the price of CRO has increased around 200% in the last six months as compared to MCO that was stagnant and heading downwards. Second, the night the conversion took place it screwed over the credit card rewards and upgrade system. If you’re not familiar with the credit card tiered system check my other article found here that shows you how the tiers work. The price of the upgrade more than quadrupled and again twitter, Facebook and Instagram blew up, but the CEO of CRYPTO.COM ended up doing a Q&A and the company decided to lower the upgrade tiers.  As of right now it’s actually cheaper to upgrade as compared to the price it was for MCO. For instance, to go from Ruby Red to the next level they were charging 50,000 CRO which is equivalent to $8,141,25 the night of the update. After the Q&A the price was dropped to 10,000 CRO which is equivalent to $1628.25 as of this writing. As you can see there is a significant price reduction for upgrading but in my personal opinion, Crypto.com did the right thing and listened to their customers during the Q&A on twitter.  Currently they are offering a 20% early swap bonus trough Spetember 3rd 2020 which can help offset some of the losses due to the predetermined price conversion. I still believe crypto.com is by far the best platform for buying and selling crypto, especially with “No Fees” through September. They are currently offering a $50 signup bonus that can be found here for new customers and its by far the most enticing signup bonus in the crypto space. 

 

 

Get a free $50 signup through crypto.com = https://platinum.crypto.com/r/4y93w8csxv

Read my other articles on PublishOx:

https://www.publish0x.com/everything-crypto-related/i-left-coinbase-and-love-cryptocom-xqoemxx

https://www.publish0x.com/everything-crypto-related/how-to-multiply-btc-and-mco-rewards-using-both-the-fold-and-xnllyvm

https://www.publish0x.com/everything-crypto-related/the-benefits-of-the-cryptocom-credit-card-xeqlgv

https://www.publish0x.com/everything-crypto-related/phemex-tutorial-how-to-navigate-the-phemex-exchange-website-xovdwz

 

 

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