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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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20975253 No.20975253 [Reply] [Original]

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

>> No.20975409
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20975409

I basically need to wait 30 days to gtfo, I knew this shit would happen.

>> No.20975417

>>20975253
didn't read your entire blogpost but this is my situation in a nutshell

> bought 500 mco 2 months ago to stake for around 2300$
> today happens, ask for convert
> i convert to cro
> crypto.com gives you 20% in cro after conversion. idk why, but idc because you want to know why? upto ~ 2800 after conversion

Also bought 10k cro 2 months ago at like .12. Shit's been creeping up now at .16 something

>> No.20975477

>>20975417

Expect CRO to drop, way too much burned trust and people will want out. Also DEVbags aren’t going to let that happen at a profit.

>> No.20975478

>>20975253
Oh shit, I forgot all about Monaco. I remember reading their whitepaper in 2017, but I didn't participate in the ICO cause I'm a burger and I didn't know how to get into stuff like that at the time.

I didn't realize that crypto.com was from those guys. Thanks for the trip down memory lane.

>> No.20975499

>>20975409
>knowingly locking up money in a ponzi scheme
Why would you do this to yourself?

>> No.20975556

>>20975499

I knew afterwards, crypto cards sounded comfy and I moved here from R9K and POL. Then I did my research. Uuuuuuuugh

>> No.20975576

Why the hell was anyone holding MCO in the first place?
The only purpose was to stake it and get the card.
CRO is the exchange token with the 16% returns.

>> No.20975595
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20975595

Who gives a fuck? I'm sure it will be ok. Kris is an egghead you can trust he wouldn't fuck anyone over after all this.

>> No.20975610

>>20975477
If it does, I'll most likely break even. It can't drop that low. I'm up ~800$ from a ~3500 investment. On top of that, the blue card requires 50k cro which is substantially more than the 500 mco. Idk if that's going to incentivize people to buy more cro or affect the price negatively. we'll see.

>> No.20975655

>>20975576
they have a free card too. no point going for card rewards with coronavirus fucking everyone over. should be back to normal after Trump wins again and he starts to crack some skulls.

>> No.20975748

This is based though. MCO was a dated coin and basically only had forced functionality over CRO.
Switching over to the newer CRO and streamlining to one native currency from two is extremely bullish.

>> No.20975964

>>20975253
shit shit shit, this is my trusted app and I hated that conversion they did, change all the cro for xtz, but this post got me worried.

>> No.20975995

>>20975964
I actually don't understand why everyone's freaking out. I personally thought it was great.

>> No.20976041

>>20975995

Even 16% stakes won’t save you from the hyper dump that will come.

>> No.20976074

>>20975995
Same LoL, not getting the fud.

>> No.20976112

>>20976041
I only have 200 dollars worth of cro locked up for the ruby card to work, and I also don't think it's gonna dump anyway.

>> No.20976148

>>20976041
And to be fully honest, I hope it does dump hard so I can get the tier 3 card. $8000 is too steep.

>> No.20976185

>>20975253
Jesus fucking christ you write so annoyingly. Are you a woman? Every time I speak to a woman they can't get to the fucking point
Tldr this shit please

>> No.20976244

>>20976148
This, but I’m debating on whether I need to keep accumulating link with a 8.1k stack or start accumulating cro.

>> No.20976373

I don't get the FUD either. I spent $2k on MCO earlier this year. Since then I have made way over $2k in link from the extra 2%. This really only fucks over the retards on reddit who had CRO as their main investment. The next tier is tempting though. 500,000 CRO card lets you earn on up to $1M right?

>> No.20976378

>>20976185
TLDR is that the coinswap pumps MCO and dumps CRO whilst locking users out of the trade.

>> No.20976457

>>20976185
Fair point, I’m psychometrically feminine. I’m kind as well as anxious and if you rank ordered 100 people in a room by those metrics I would be stood next to a bunch of them.

>> No.20976461

>>20975556
Congrats newfren, you got burned on a crypto scam, it happens to almost everyone. Hopefully you didn't spend too much money to learn this lesson and are able to withdraw. This market is full of fucking scams, be careful.

>> No.20976554
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20976554

Buy Swipe.

>> No.20976681

The only part locked in the stake was the 20% bonus CRO you got for converting

>> No.20976864

>>20976681
Early, before the average price is fairer, if you have to swap do it at the last moment.

>> No.20976917

>>20975477
>Source: my ass

>> No.20976982

>>20976244
buy link first, 10 is soon

>> No.20977021

>>20976185
>>20976378
Except for the fact MCO pumped BEFORE we did the swap, plus you get 20% bonus AND CRO didn't dump you paranoid whiny little bitch.

>> No.20977054
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20977054

>>20976681

Look at this graph, the MCO token’s only purpose right now is to be traded into CRO. Users cannot buy, users can only swap for CRO. I hope this Ponzi lasts the month so I can dump my CRO bags, but I heavily doubt it.

>> No.20977100

>>20975253
Holy shit, glad i only have like 2.5 k in this shitcoin lool

BITCONNNNNNNNNNNNNNNNEEEEEEEEEEEEEEEEEEEEEEEEEEEECCCCCCCCCCCCCCCCCCCCCTTTTTTTTTTTTTTTT

>> No.20977117

Rookie here. Thanks for the heads up, anon. Swapped my CRO for LINK.

>> No.20977137
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20977137

>>20977021

Look at this seethe, I’m tell you all to get the fuck out.

>> No.20977228

>>20976554
Imagine all the CRO users jumping ship. This shit is going straight to 3bil mcap, isn't it?

>> No.20977300

I have 500 MCO staked, I just wanted the card.
Now I don't want anything, fuck these guys.
What is my best course of action anons?

If I do their gay switch, will my CRO be staked automatically? I'd rather get out and swap for BTC, ETH or LINK

>> No.20977346

>>20977300
If you do the swap, your CRO will remain staked.
Your rewards tier will remain in place.
If you unstake, you will lose your current reward tier and will need to stake the larger amount of CRO to go back.

>> No.20977348

this seems like a goofball thread.
hope y`all figure it out.
/rsr out

>> No.20977378

>>20977021

That must’ve been an insider buy-in. Watch the graphs for and tell me I am wrong in 2 weeks.

>> No.20977387 [DELETED] 

>>20977346
but now I won't have enough CRO for the card I wanted, if I understood correctly?

>> No.20977517

>>20977387
If you already ordered the card and you are currently staking, the new CRO requirement doesn't matter to you at all, just don't unstake.
My 50 MCO stake ended 2 months ago and I left it turned on, swapped this morning and it's still turned on even though it isn't "enough" anymore. The message says "Continue to enjoy the rewards of the 5000 CRO tier"
If you are staking but didn't order your card already I don't know what happens.

>> No.20977527

>>20977117

Don’t forget to take it off the exchange and keep your keys, MCO’s CEO has been done for fraud in his first company.

>> No.20977561
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20977561

FUD won’t stop the war path to a dollar. Smart move ditching MCO. They’ve got $300 million insurance, your money is in cold storage, and CRO is gonna have merchant services and developers build on chain later this year. They won’t slaughter their cash cow. I’ve been staked since 6¢ let’s fucking go.

>> No.20977585

even with the 20% bonus I'm losing around 400 usd.
Fuck these guys, I'm selling their shitty tokens.

>> No.20977852

>>20977300

Depends on whether the stake expires before or after the forced swap.

If before, withdraw it to uniswap and get that pumped MCO for whatever you want.

If after, hope the controlled demolition doesn’t hurt too bad and get out of CRO ASAP.

>> No.20977885

>>20977561

Good goy~

>> No.20977921

>>20977378
If you're so able to tell the future you whiny bitch you should take out every loan you can and short CRO with max leverage with your entire net worth.
No, but you won't do that because you don't know it's going down, you're just an annoying little cunt.

>> No.20978011

>>20977921

I do plan on shorting CRO.

>> No.20978045

>>20977921

Why are they limiting CRO transfers and withdrawals now? Suspicious as fuck for known fraudsters.

>> No.20978141

>>20978045
Go back to plebbit.

>> No.20978191

Pajeets seething they get a 20% bonus airdrop. You never change /biz

grab

>> No.20978318

Some thoughts:

Just did a little research and some people did actually transfer their MCO holding to Binance to sell for cash. So apparently that is possible and you can get around their price manipulation. I'm a little pissed about that myself, but couldn't do anything since I was staking.

It's looking like a lot of people are pissed and I do think the price will tank for that reason, and that reason alone. I don't see why the devs would dump on new investors to lower the price for earlier investors. That doesn't make sense.

>> No.20979046

>>20978191
>wake up today to +$2000
NOOOOOOOOOOO YOU CANT SCAMERINO MY MONACOS

>> No.20979233

>>20975576
Exactly, the writing has been on the wall long enough. Clearly CRO has been where you should be. I made out pretty good with this swap but yeah it’s gotta sting for some. Bad timing, bad luck, it’s crypto ffs

>> No.20979831
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20979831

>>20979046

>> No.20980093

>>20979831
I love that.

>> No.20980489

>>20979831
Lol nice one

>> No.20981294

>>20979831
10/10

>> No.20981494

>>20977021
Lol, no you don't get a 20% bonus. Try to do the math yourself. 50 MCO is currently ~ 275 USD, however the in the app it is assumed that 50 MCO ~ 200 USD

>> No.20981687

AMA is live
https://twitter.com/cryptocom/status/1290542420506095617

>> No.20981703

NO DONT GIVE ME FREE MONEYRINO

>> No.20981874

Is it worth it to have around 2k worth of CRO to just do the passive interest earn?

>> No.20981920

>>20977300
If your tokens are locked, better do the switch and hope for the best. I was in the same position yesterday. I did the switch.

>> No.20981965

I don't mind the forced swap as much as the new card stake requirements.

8000USD for Indigo/Jade? Wut?
Good thing I only staking 1000 bucks of MCO 2 years ago for the same thing.

>> No.20981985

>>20981965
*staked

>> No.20982022

>>20975253
im waiting since 5 months for the free credit card

this project is a total fail

>> No.20982145

AMA news
- swap rate will not change, it's 1:33
- CRO mainnet December
- new CRO card stake requirements will be adjusted due to feedback

>> No.20982157

I didnt get burned because I just had a bit over 500MCO but if CRO drops below 0.08 I'll get fucked for sure. I'm thinking of waiting until september when my earn period ends and jump ship with everything.

>> No.20982215

>>20982145
Are they gonna merge the card staking and exchange staking of CRO since now you have two places to stake which is stupid?

>> No.20982321

>>20981494
oh no its retarded

>> No.20982618

>>20977852
I staked 500 MCO like a month ago. Can I swap and unstake or am I out of luck?

>> No.20982773
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20982773

They just updated the price.

Now I fucking regret doing the swap. Could've easily sold my MCO and staked my existing CRO and I would've ended up with way more money.

>> No.20982793

>>20982773
Can we not unstake?

>> No.20982854

>>20982773
Explain how?
MCO is 5.30 on binance.
You got 32 CRO for 1 MCO in swap which is the same 5.30?

The only difference is that 20% of that is locked in staking.

>> No.20982883

>>20982022
Because there is big queue of people who did stake money to get their card. If anything it proves that it's very popular and they can't keep up with orders.

>> No.20982937

>>20982773
Yeah we can. They'll automatically move our excess CRO into our wallets.

>>20982854
Even if the overall price is the same, I don't have to wait 6 months for the rest of it. I already have 10k CRO in Earn anyway (originally from discontinued Airdrops).

>> No.20982958

>>20982937
Whoops. First part meant for >>20982793

>> No.20983589

Sold and switched to Monolith

>> No.20984163

>>20975253
Yeah i'm thinking I should just buy FUND