What is the difference between MCO and CRO tokens ?
MCO and CRO tokens are both tokens issued by Crypto.
com, but they have different functions and purposes. MCO (formerly known as Monaco) is a utility token that was launched in 2017. It is used to access the Crypto.
com platform and its services, such as the Crypto.com Exchange, Crypto Earn, Crypto Credit, and other products. MCO holders can also receive rewards in the form of cashback on purchases made with the Crypto.
com Visa Card. CRO (formerly known as Crypto.com Chain Token) is a native token of the Crypto.
com Chain blockchain protocol that was launched in 2019. It is used to pay for transaction fees on the network and to incentivize network participants who help secure it by staking their CRO tokens. Additionally, CRO holders can receive rewards in the form of staking rewards from participating in validator nodes on the network.
