Kyber Network, an on-chain liquidity protocol, recently announced the listing of Crypto.com that operates an Automated Price Reserve. The listing is expected to enhance Crypto.com (MCO) token’s liquidity.
The information was passed across via a tweet on 25th April, 2019 by Kyber Network. According to the announcement, MCO is now accessible through KyberSwap and other platforms connecting to the network’s liquidity protocol.
Kyber Network presently supports over 70 ERC20 tokens. The listing of Crypto.com (MCO) is said to be effected on April 26th, 2019 at 9 PM (GMT+8).
.@cryptocom (MCO) will be available on Kyber Network on Fri 26th April 9pm SGT
— Kyber Network (@KyberNetwork) April 25, 2019
What is Crypto.com (MCO)?
Crypto.com (MCO) is a blockchain firm that was formally referred to as Monaco. It offers a mobile friendly wallet application and MCO Visa prepaid cards that give users the freewill to buy, sell and spend cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and centralised currencies like dollars and yen. In June 2018, Monaco was transformed into Crypto.com.
Crypto.com offers an easy payment service, with its Monaco Visa Card line having five tiers of cards, each possessing increasingly larger MCO staking requirements, perks and cashback rates. The cards also serve as both credit and debit cards. As Crypto.com quests to be outstanding in its services, it’s proposing to invent a hybrid type payment card that will be able to serve as both debit and credit products.
The Crypto.com app is totally a digital portfolio management software and easily accessible for customers, where users will be able to use core features and wallet management for Bitcoin (BTC) and ERC20 tokens.
What is Kyber Network?
Kyber Network is an on-chain liquidity protocol that allows decentralised token swaps to be merged into any application, enabling value exchange to be done with no apparent gap between all parties in the ecosystem.
With the use of this protocol, the developers are enabled to create advanced applications and flows of payment with instant token swap services, financial decentralised apps ( DApps) and ERC20 payments, making token usable anywhere in the world.
Past Breakthrough of Crypto.com (MCO)
In October 2018, Crypto.com launched its Crypto Invest, a user-friendly cryptocurrency trading and portfolio tool designed to offer a custom-built portfolio in a very short time, which relies on market signals while trading.
It’s one of the greatest achievements of Crypto.com last year, where man trading strategies is being implemented for crypto market.
With Crypto Invest, at least $20 can be used by incoming traders to start developing their portfolio, making access to trading cheaper in this dispensation of expensive trading.