facebookHow does MCO generate interest on its deposits? What happens to the tokens during the time they're staked? - Seedly

How does MCO generate interest on its deposits? What happens to the tokens during the time they're staked?

Why do we need to stake MCO Tokens? How do you guys benefit from this?

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Victor

02 Mar 2020

Marketing at StraitsX

Hi there!

User cryptocurrencies with crypto.com go into cold storage. (offline)

For more information: https://crypto.com/en/security.html

crypto.com has other financial products available, like Crypto Credit and Invest, having these other products in tandem enable us to offer interest under Crypto Earn.

Staking can create upward pressure on the price of token due to the temporary reduction in the supply of crypto.

For a comprehensive and technical read, check out crypto.com university;

https://crypto.com/en/university/article.html?c...

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Pascal S

28 Feb 2020

MBA Graduate at Singapore Management University

Bumping this question as I am curious too

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