yes guys welcome back to the channel as
always so guys in today's video I am
gonna go through one of my favorite
projects literally a cryptocurrency bike
period right now and that project is
crypto.com I need a full review of
crypto.com and specifically I'm gonna
go through the utility of the MCO and
the CRO token and in turn doing that me
telling you what this utility these
tokens are will take me down a path of
explaining you to you what this whole
entire project is about because the
tokens in this project are integral for
the project to run and work and it's a
very good example of a token which has
genuine utility which then in turn I
believe has massive potential for upside
gains and not financial advice guys but
it I do have these tokens in my
portfolio and in this video I'm gonna
run through the utility of these tokens
I'm going to tell you which one I
think's the best to invest in I wanna go
through why you should be looking at
critical because it's just gonna be
crypto.com crits calm by the end of
this video you're gonna know everything
about it so stay tuned but guys like I
always say like subscribers I got a
great stuff if you're new here I really
appreciate what you like and you
subscribe really helps the channel and I
let's just rat let's get into it guys
I'll see you on the screens here we go
right guys so let's dive into it so
crypto.com basically offer a suite of
services which give you exposure to
crypto currency in general there's two
tokens as the MCO token and the CRO
token which have different functions
within the platform so the MCO token
guys will Beit is the utility token for
the MCO so Visa Card the crypto.com app
in general crypto and best crypto credit
and crypto earned so those four four
five things of what the MCO token are
about we're gonna die we're gonna go
into the deep die by MCO in a second and
in this CRO token is the native crypto
currency token the fuel which basically
runs the crypto com blockchain the
actual it's gonna be a decentralized at
one day but it's basically a payments
network slasher has basically staking
payments as settlement layers and it has
a decentralized finance exchange as well
so the CRO tokens the fuel for their own
blockchain the MCO token is the fuel for
their app but guys let's talk about the
MCO token first and we're gonna go
through all the utility m so token has
an F well and when we go through all the
utility of these tokens you are going to
know everything about this blood in this
project so let's start with MCO oh so
here the
five things the MCO token is married
with if you like so firstly you've got
the MCO Visa card guys the MCO is a card
I personally use it myself I got it my
wallet somewhere but I actually have one
of these cards I've actually got the red
ruby red Visa debit card from Chris Rock
on this card in my opinion is the best
epic card in the space you get 2% cash
back you get free Spotify you can get
free Netflix you can get a whole
plethora of different things with this
debit card and all you have to do is
basically stake 50 MCO tokens so the
utility for the card is you stake 50 MCO
tokens and you get a card with better
rewards I'll put a link in the
description guys basically if you use my
link below to sign up for basically sign
up for crypto calm and use my link you
will get $50 free for signing up and
basically ordering one of these cards
you get a free 50 bucks I also get a 350
bucks we both win it's a win-win and
basically it's like a welcome bonus for
the card so what does this guys they're
basically reserves you an MCO Visa Card
you can receive up to 5% back on your
transactions you can receive em so you
up to 6% pa 500 episodes the list goes
on guys you can see it on the screen it
also says you can upgrade your Visa
cards to higher tiers by staking more
MCO tokens so first first bit of utility
guys is the payment which is the the
crypto com Visa Card that's the first
thing the m2 that the MCO token does
next thing is the crypto comm app so
basically you can receive tote you can
receive airdrops
or selected token listings on the crypto
calm app based on MCO tokens stakes so
when you stoked when you stake tokens in
the in the actual platform in the app
you'll ask to get air drops from
specifically kind of featured tokens on
the platform you can also receive higher
staking rewards for selected token space
at MCO
and also you can vote for your preferred
token to be added to the crypto.com app
so these tokens the more you have of
them the more you can decide as a user
of the platform what token you want to
see next on the platform so it's almost
like a voting token within the app guys
let's move on to the finance stuff so
we've got it says payments trading and
Finance how about finance so guys bottom
left we've got crypto invest so when you
stake 5000 MCO tokens in the crypto
invest platform you get crypto.com
private which gives you a whole cool
host of really interesting services for
I think bigger players in the space
buying large amounts of cryptocurrency
I think maybe even something did o TC
and I said say each portfolio may hold
up
Porcia of MCO token so crypto invest
allows you to invest into crypto comm
with MCO tokens to get different perks
and basically the main thing is crypto.com
private which i don't have if you
have it comment below and tell me what
it's all about so I don't use it so the
next thing you got is crypto credit so
guys you can actually get loans within
the app you can basically use em Co
tokens if you want and other
cryptocurrencies as collateral to get
collateral based loans so if say you put
$5,000 worth of Bitcoin into crypto
credit you'll get $2,500 worth of a
cryptocurrency as a loan which you can
then go and spend on what you want and
pay it back slowly over time so the
utility of the MCO token if you stake
tokens in crypto credit you get a lower
annual interest rate on your credit so
you actually pay less back to them so
you know sometimes can be up to 8% 10%
the more you stake in the platform the
less you're gonna pay an interest for
that loans you can get cheaper loans for
stake in the MCO token also says hey get
instant loan when you use MCO tokens as
collateral so instead of waiting you
know a certain amount of time if you use
MCO tokens to actually use in the crypto
credit platform as collateral
you can get instant loans within a
second but within right there obviously
if you're doing large amounts they can
have to go through some sort of process
to make sure but guys you've got here it
get an instant loan when you use MCO
tokens as collateral so if you're on the
go you need quick money bang you can do
it with the MCO token so next thing is
where your crypto urn now guys crypto.com
I actually use personally myself in the
platform it allows you to now get
interest on your crypto so if you lock
up for a certain amount of time I think
it's one month three months and six
months up to a year you basically get an
interest rate on your cryptocurrency
whether it's I think it's up to a fight
I think it's to five up to maybe eight
percent you can get on Bitcoin but guys
I'll let you go and check it out
yourself you can get a whole different
variety different interest rates and the
good thing is that the marketplace is
deciding these interest rates as well so
so the utility for the MCO token is you
can get the more the more tokens you
stake within crypto.com the basic says
the better interest rate with MCO tokens
state up to 18 percent guys so the more
you stake is showing you that the more
you care about the project the more
you're prepared to risk in the project
and in the higher return you can get on
your cryptocurrency so on the inner on
the CRO tokens right now which is the
crypto comm native blockchain token you
can get up to 18% back on your money
which
some of the highest rates pretty much
ever in like just generally like ever
like it's just a huge rate in cryptic
right so this was a massive rate back
when you're cup to currency and also
guys it says it says earn an additional
2% PA on fixed terms paid at MCO when
staking on five thousand or more so you
can actually get fixed amounts back you
know if you if you stake a certain
amount you actually going to get cash
back straight up so solicitor says
additional 2% PA on fixed terms so I
think what you can do is you can upgrade
6% back on Bitcoin to eight so yes six
percent back to eight percent on Bitcoin
for I think it's a three to six months
lockup period but haven't got in front
of me now but you guys can go on the app
obviously the links to this app will be
in the description and if you sign up
with the code I got you can get a $50
free so do that as well
but guys basically yeah that is that is
pretty much all of the MCO token utility
and you can see here that every single
part there's a few other things as well
cryptid about now that they have pay
they have a few other things like
Witcher for merchants but you can see
here that the token is so integral to
the system and in turn I believe that's
going to vary play very nicely for the
MCO token price into the future guys at
the end of the day supply and demand is
what rules the price of anything there's
a lot of obviously manipulation and
markets as well but the fundamental
things about price of something is the
user is basically the supply and demand
right now there's only about eight I
think is only about twenty five million
of these tokens or something and there's
not there's not a lot of em Co out there
it's not going to change and because
it's used so readily in the platform
you're gonna see more more think about
this way crypto comes about three
million users right now they're aiming
for 100 million users if the token price
is that this book good at today I think
it's like five dollars or something low
that's four dollars and it's three
million users and might not the token
price gonna be 100 billion users when
you're looking at over a 10x more amount
of people interested and adoption in the
token so you could kind of linear say
that it would probably 10x a token price
obviously you know markets can do crazy
shit but at the end of the day looking
at the utility this token I can't
personally see any reason why this is
this thing is going to go up and also
when you stake the token so when you
stake 50 MCO tokens to get cards or you
stay so you stake 500 MCO to get a
really nice Visa debit card right one of
the best ones you don't actually spend
those MCO tokens they still stay in your
ownership all you've got to do then is
little you lock them up for a certain
amount of time you get a free debit card
with Netflix Spotify or Expedia what
you won and then you can then take those
tokens back to market when you please
after a certain amount of time so you
never you don't really spend any money
you could then basically make you
mightyou you can basically get free sky
so it's basically free because I believe
that the token price is gonna go up so
when you stake tokens in the platform
they will appreciate over time as well
because I believe that Krypton will get
it will be become a bigger company into
the future um so let's move on till next
thing guys let's go on to the CRO token
now so guys like I said before the CRO
token is the utility token for the
crypto.com blockchain which is going to
do staking settlements payments it's
gonna be a blockchain where you no other
type of payment merchants and people and
services can build on top of a
blockchain to get the the kind of you
could call it the efficiency speed
security of a blockchain through payment
services so you know maybe something
like you know other comfort third-party
companies could eventually start
building on this blockchain and it
actually could be decentralized in the
future did another video actually diving
a little bit more into that about
whether it's gonna at the moment it's
not decentralized but that is their plan
they have different nodes all around
that either while it's quite interesting
but guys this so this video is more
about the utility of these tokens so
let's have a look so CRO token you can
steak CRO tokens to basically get
council node seat hosting so this
basically means that you're gonna
process transaction and earn fees on the
crypto.com chain network so when you
steak CRO tokens on the platform on the
blockchain you then become a validator
then you start validating transactions
the more transactions you validate the
more you get paid in fees because every
single transaction have a small fee very
similar to how a Bitcoin network rights
you know miners do transactions get fees
that's how they make their money so
that's one token utility of the CRO
token sticking to become basically a
player within the network and that's
gonna you know go into that story of
creating the decentralized future for
the blockchain and you've got crypto
earn as well so you can steak CRO to
earn 12 percent return per annum so you
can actually that there's a staking
model within the blockchain within the
blockchain story where you can stake CRO
and get a return on that because at the
end of the day when you're stoked when
you're staking tokens it's like buying a
bond a 10-year bond or a 10-year
Treasury you're basically you're locking
up capital for a long period of time or
however long it is twelve months one
month whatever you want to do and they
give you a return for that so you're
looking up your takings you're taking
tokens off the book so take an off
supply in turn increasing the value
proposition for that
to comprise in the future and they get
obviously gonna they're gonna return
give you a return for that pay you for
that service so that's the staking model
for Sierra tokens the next thing they've
got is settlement on the blockchain as
well so settlement on the blockchain so
you can do transaction settlement settle
block transactions settle fees that will
be done through the CRO token the hot
the CRO token is the fuel it's the
lifeblood of the platform and you've got
settlement agents as well so you can you
can convert CRO to currency deemed
stable for merchants to earn up to 0.5%
so it's stable coins are deemed stable
so you can turn it into pounds dollars
peso Yang's all those kind of things and
they're deemed stable could even be died
could even be ESODT or whatever and it
will basically create an earn up to 0.5%
when you convert your CRO so you can
compose to be 0 you convert them into
stable currencies for merchants because
obviously merchants don't really want to
take very volatile cryptocurrencies
right now in this day and age there's a
lot of other stable coins out there
which have hold purchasing power
relatively better right now probably
won't be like that in the future but
settlement as well guys so moving on to
the next thing the next thing you've got
is the decentralized finance so dphi
coming soon this is it says it's coming
soon it's not it's not released yet but
the CRO token is going to play some kind
of integral role in d5 decentralized
finance you could kind of cool the CRO
blockchain a decentralized finance
product actually in itself but you could
even call Bitcoin a decentralized
finance product because it's
decentralized money but defy you know
the whatever gonna do decentralized
finance features it could be more
rewards more staking it could be an
exchange it could be a way of you know
getting fees from Mirchi the list goes
on guys I could ramble on for ages about
what decentralized finance could be
lending you know whatever but that's
good you know the CRO token is gonna
have some sort of role in that as well
so move also next things they got
payments guys so this is probably one
the main things to the CRO Tokyo says
earn up to 20% cashback paying merchants
online including ledger comm which we
all know I don't remove that and offline
including Starbucks merchants accepting
CRO can enjoy zero fees so what they're
gonna do is yo 12% cashback using a CRO
token and then you basically merchants
accepting CRO can enjoy zero transaction
fee so what they're doing is they're not
forcing but they're giving an incentive
for companies to accept CRO as a pain
right so you get is actually turning CRO
into money in a way here into a medium
of exchange which i think is very smart
very clever it's gonna bring in more
people to holding it hoarding the token
in turn creating a higher valuation more
people we're interested in it and kind
of potentially turning sorrow into a
means of exchange of money and obviously
that is a massive massive field to be in
you know big currencies think about this
like the market cap of gold is like 10
trillion dollars the market cap of
apples a trillion so money out out does
market caps of companies every single
day of the week next thing you've got
its gift cards guys so this is actually
really interesting yes you get 10% back
cash back on buying stuff of gift cards
there's a few other services you just do
this of us we've got a few other videos
about that but I'll let you dive into
the channel and find those but so it
says earn up the 10% cash back on gift
card purchase obviously check this out
that can be used as our cash online and
in-store including branches so brands
like Xbox PlayStation Store and Disney
so what you can do is you can buy gift
cards in the app with CRO
on the blockchain and then you can use
those gift cards to buy products within
PlayStation or whatever it is and get
10% cash back and save yourself money
these partners are insane like obviously
they've partnered up with PlayStation
but you're going to be at a they might
have a way of incentivizing PlayStation
to take tokens as well so really cool
guys gift cards are really cool things a
few of the products out there as well
which do this and then they've got here
so this is coming soon it says
peer-to-peer so earn up to 5% when
paying friends global crypto VMO with
cashback so what they're doing again
guys are incentivizing you to use use
the CRO blockchain and token to
basically pay your mates so like if I
owe someone 20 quid from going to the
pub on a weekend I'm gonna earn 5% back
when pay my mate back for the drinks if
I bought enough drinks I could probably
get a few back on the on the on the earn
up to 5% on the on the cashback scheme
so another thing incentivize people to
use that CRO token as well at the bottom
here guys it's got what exchange you can
buy CRO taking on some OBX you know
awesome for some really good ones on
there and then wallets as well so you
can hold your CRO in all these bullets
here as well so that's really cool guys
so this is summarized CRO as well guys
think about it
blockchain ecosystems are going they are
a more efficient cheaper faster way to
do transactions in general legacy
banking is going away it's shit it's
expense
so if we own these remittances can't
even go through and like the only reason
you get paid every every month once a
month it's because of banking because
it's slow imagine getting paid every day
or every hour every second right so this
is the future of what payments and
finance is going to go down so the CRO
token and also guys this this token has
just been killing it's like in the top
ten right now on coin on coin market cap
so the CRO token is the lifeblood of the
blockchain you're basically buying a
you're buying a seat on the racetrack
for this blockchain to succeed so
there's going to be more if there's
going to be more demand for this token
if CRO is succeed so that is why it's
going to go up in value there's so many
tokens out there guys I have no
correlation to the project but all the
tokens within this OP in the lifeblood
like it's you know it literally is the
veins of the system so really really
cool guys now let's move on to the like
why you can't miss scripted up con as an
a general overview so cuz it says six
reasons to keep crypto come on your
eider I think these are really valid
let's always through this so the Visa
debit card is the best Visa debit card
on the market in my opinion I've got one
I use it every single day I get two
percent cash back I highly recommend
getting one of those cards guys link the
description they got the wallet guys so
they actually have a favor
a wallet built into their system crypto
company also have a third party wallet
as well we can manage your own keys I
put say on the screen now but this
wallet is definitely gaining traction in
popularity and they have like all they
have some really interesting
certificates in gold standard so could
be you there basically they ensure your
to a hundred thousand hundred million
dollars in the normal crypto map and
they've got the sovereign kind of own
your own key side as well it's a lot of
crypto kind of like hardcore crypto guys
want to earn their own keys then you've
got guys you've got discounts on credit
services so you basically can get those
rates back with your 50 percent
collateral loans or that kind of stuff
voting guys obviously you can vote on
the network with the tokens and then
you've got a sneaking benefit and enjoy
the prepaid cards as well so you're thus
taking benefits we can get that 18% back
on the CRO so that's definitely
something to watch 18% is insane ray and
then you've also got the the range of
features at the high end cards to
deliver so they've got prepaid cards you
got the Visa debit cards overall guys if
I was going to say one thing which is
the most valuable to me in this services
I'd probably say is the Visa debit card
and probably the earn skiing maybe
coupled with the credit because I that's
what I use the most I haven't really you
know I don't really use my CRO to
against that much right now maybe in the
future we'll use them more but guys I
put some videos on the screen now to
some more cryptic calm stuff and some
other decrypt
cards you're all legends for watching
please like subscribe or seen the next
video ever guessed Cheers bye
