Cryptocurrency Q&A
What happened to MC Crypto?
What happened to MC Crypto?
EthereumLegend
Mon Aug 12 2024
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7 answers
1260
So, can you tell us what exactly transpired with MC Crypto? We've heard rumors of some major upheavals within the company, and we're eager to get to the bottom of it. Did they suffer a significant hack, or were there issues with their business model? Did regulators step in, or did they face internal strife? We're all ears, and we're dying to know the full story behind MC Crypto's recent troubles.
7 answers
Tommaso
Wed Aug 14 2024
The conversion ratio for this process is 1:100, meaning that for every 100 MC tokens held, 1 BEAM token will be received. This adjustment ensures a fair and equitable distribution of the new tokens.
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CryptoTitaness
Wed Aug 14 2024
The eligibility for this conversion is based on the MC balances held in users' Crypto Wallets within the Crypto.com App. This includes any MC tokens that were stored in this wallet prior to the delisting announcement.
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EchoSeeker
Wed Aug 14 2024
Additionally, users who had MC tokens in their Spot Wallets on the Crypto.com Exchange are also eligible for the conversion. This ensures that all eligible users, regardless of their preferred platform, can benefit from the token swap.
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GangnamGlitter
Wed Aug 14 2024
The MC tokens currently in circulation have undergone a significant transformation. These tokens have been converted into BEAM tokens, a move that reflects a strategic shift in the cryptocurrency landscape.
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Giulia
Wed Aug 14 2024
The conversion process was initiated at the time of the MC token's delisting. This decision to delist the MC token was likely based on a number of factors, including market demand, token performance, and compliance with regulatory requirements.
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