/biz/ - Business & Finance

Holy fuck guys, this chinkcoin erc20 scam is MTGOX tier.

For those out of the know, Monaco the failed cryptocard ICO rebranded into crytpo.com after a $10 million purchase and launched a very popular exchange that has grew exponentially.

The integrated both the MCO and the new CRO coins into their products and expanded their business requiring customers to be exposed to both.

Fast forward to now, after MCO’s price tanking hard, CRO in a serious bubble and tens of thousands of boomer normies locked into staking contracts...

IT HAPPENED.

MCO is being discontinued on the app and they are merging the functionality of the two coins. Upgrades are available on the app, one click and your MCO is converted.

So where’s the scam? MCO has flatlined for months now and is suddenly booming?! Isn’t it discontinued? The app forces you to not swap the coins but actually trade them unfavorably through price averages.

Your MCO carries the last 100 days of bears and your CRO carries the last 100 days of bulls. The price graphs of MCO are hidden from the users and they have to look elsewhere for the token.

This sets them up for the perfect double dump. Stealth dump the MCO and when the poor boomers are crying about their $200 Ruby crypto card now costing $800 overnight, give them what they want, dump that 100b market cap on them.

It’s scam2.0, absolute fucking mayhem in the telegram.

Fuuuuuuuuuuuuuuuck

>>20946816

Slow dumped just like they did their MCO coin, I can't believe they are forcing people into a taxable event at averaged prices when one is at peak bubble and the other is flat-lining.

>>20675357

Why hold your keys when you can tranny willy squeeze?

Look into the history of their CEO. MCO had a pretty shady start-up and is their main utility token. The CRO apr is huge and has a brutally high supply, lots of normies are getting into this and think that the staking is going to net them gains and despite it's good performance it can only end one way.

I jumped straight on that train when I had my crypto reawakening but the customer support is wack as fuck and there's way too much shady shit behind the scenes. I'm 31 days away from my ETH being unlocked and I'm so damn eager to lock away with my own keys without interest. Why gain 4% apr when I can just horde it and stake it with a decentralized node and gain the same in a year or so?

This shit is not worth the risk. Keep the app or use the exchange to ride that CRO bubble sure, but don't trust them with anything hard. They'll end up Goxxing you.