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  • > Sells Half Price Bitcoin to Celebrate Release of Exchange Sells Half Price Bitcoin to Celebrate Release of Exchange is taking their exchange out of BETA on September 8th. The exchange has been in a public beta period for almost a year, beginning in November 2019. During this time, has tested multiple ideas for growing their ecosystem. The syndicate events have been a main component of their retention strategy. The strategy appears to have worked to one degree or another based on the price of the underlying asset; CRO. The exchange is not available in many places in the world, including the US. Now, has announced that they will be rolling out the exchange to anywhere and everywhere the mobile application is available.

fireworks with bitcoin in middle of explosion indicating celebration

Buy Bitcoin at 50% Off started having bi-monthly events called syndicate events. Users may purchase a selected cryptocurrency at a discounted price. In order to participate in these events, users are required to meet two conditions.

  1. Stake an amount of CRO on the Exchange
  2. Have more than $5000 USD worth of transaction volume on the exchange in a month

Only after meeting these two requirements can users participate in the syndicate events. The amount of cryptocurrency you may acquire is proportional to the amount of CRO you have staked on the exchange. Syndicate events are typically “oversubscribed” meaning that users have contributed more CRO, than there is supply available to purchase. So users will typically end up getting about a 2% return on their investment.

The next syndicate to take place on the exchange is happening on September 8th. In celebration of taking the exchange out of BETA, users may acquire bitcoin at a 50% discount.

Sights Set on Worldwide Adoption has mentioned several times that they have their sights set on the worldwide adoption of cryptocurrency. Currently, the exchange is not currently available in the United States. After proving the exchange model in other countries, is confident enough to release the platform in high volume countries. This is representative of the slow, steady, and calculated growth, rather than the riskier explosive growth option. Before entering the United States, it is important for to have built up the infrastructure to support one of the most active cryptocurrency user base in the world.

MCO Token Swap Primes Business for Wider Adoption

The MCO token swap occurred earlier in the month of August. It was a risky, and controversial move on the part of Although, it appears that it hasn’t caused any significant detriment to In fact, Kris Marszalek, CEO has stated that in order to prime for global adoption, the ecosystem had to be much simpler. In reality, the MCO token was a barrier to the adoption in certain countries. The regulatory bodies in certain countries were uncomfortable with the fact that MCO sold in an initial coin offering. Just as some have predicted, now that the MCO token is out of the picture, is primed to steamroll their platform into every corner of the globe. First thing is first, take the Exchange out of BETA. 

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Keegan Francis

Keegan Francis is a cryptocurrency knowledge expert and consultant. He recognized the opportunity in cryptocurrency early in his career and has been invested in it since 2014. His passion led him to start the Go Full Crypto, a project that documents his journey of totally opting out of traditional financial services. Keegan has been living entirely off of cryptocurrencies since 2019.

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