[Grim]

So i guess crypto.com just got the naming rights to one of the most famous stadiums ever (home of the LA lakers) in a $700m naming deal for 20 years.
Do you guys think this will actually increase the value of the token? is just gonna go back down or continue to rise?

Source:

https://www.benzinga.com/markets/cryptoc...ights-deal

[Omniscient]

I think it's good for CRO value. It's impressive what Crypto.com has done in a short period of time. IMHO they are gonna make Coinbase look like MySpace.

[SUI-3183372]

So i guess crypto.com just got the naming rights to one of the most famous stadiums ever (home of the LA lakers) in a $700m naming deal for 20 years.
Do you guys think this will actually increase the value of the token? is just gonna go back down or continue to rise?

Source:

https://www.benzinga.com/markets/cryptoc...ights-deal

It already has:
Spoiler (Click to View)

Who knows if it has any significant impact on crypto as a whole, but it will increase Crypto.com's brand recognition and bring new users to their service.

---

I think it's good for CRO value.  It's impressive what Crypto.com has done in a short period of time. IMHO they are gonna make Coinbase look like MySpace.

I was just telling my dad last night that at this point last year, crypto.com was barely a blip on anybody's radar, and at this point 2 years ago, nobody had heard of them. Their growth has been explosive, they've been impressive, and every step of the way I've written them off as a platform that wouldn't last 😑

[Grim]

I think it's good for CRO value.  It's impressive what Crypto.com has done in a short period of time. IMHO they are gonna make Coinbase look like MySpace.

Agreed its a huge step for them. I wouldn't be surprised if coinbase or some of the other online wallets and exchangers pull some big advertising stunt like this as well.

[SUI-3183372]

Agreed its a huge step for them. I wouldn't be surprised if coinbase or some of the other online wallets and exchangers pull some big advertising stunt like this as well.

https://en.wikipedia.org/wiki/FTX_Arena

FTX got their naming rights for over 5x less than Crypto.com, but then again, who wants the Miami Heat 🤢🤢🤢

[Sholi]

I sold mine just recently. I think what triggered that is I decided to dig deep into Crypto.com and the people behind it. Turns out there is some deep dark shit behind what we know as Crypto.com today. Perhaps that is the case with every giant name we know today but still, fuck them.

[Bear]

I sold mine just recently. I think what triggered that is I decided to dig deep into Crypto.com and the people behind it. Turns out there is some deep dark shit behind what we know as Crypto.com today. Perhaps that is the case with every giant name we know today but still, fugg them.

Could you elaborate more on this “deep dark shit”?

Thanks

[Sholi]

Could you elaborate more on this “deep dark shit”?

Thanks

To sum up this long tale, Crypto.com's CEO was behind a company named Monaco, and another named Ensogo. Monaco (MCO) raised tens of millions of dollars (in an ICO) to launch a cryptocurrency Visa card that never materialized. Vast amounts of user identification information were collected in the process and funds were still collected even though there was no time table for the release of the MCO Visa cards. The company rebranded itself by buying the $12 million Crypto.com website and renamed Monaco (MCO) to Crypto.com, likely due to numerous users calling Monaco (MCO) a scam.

The nail in the coffin is the founder of these projects, Kris Marszalek, was at the helm of Ensogo (another dark, long tale which you can look up) when the company collapsed and defrauded numerous users, investors, and merchants. Then Marszalek launched Monaco (MCO) less than a year later.

This is just a very small taste of the horror stories behind Crypto.com. There are even multiple horror stories on the platform itself where people have been suspended (not able to recover their funds) with little to no reasoning behind it. The main takeaway from this is, the CEO behind it Kris Marszalek is a shady guy and IS not to be trusted.

I could give you a plethora of links to read and analyze for yourself but it's as simple as a Google Search, so if you're interested to know more then I'd suggest you do that. There is an old Bitcointalk thread with over 400+ pages on MCO but alot of the posts there have been deleted by the Monaco team itself. Reddit has a ton of information on this as well.

[Frukt]

-

Thank you for this explanation. I was actually invested in MCO in its IPO (or very early), BIG SCAM!

I had no idea MCO bought up Crypto.com, kinda regret being a crypto.com user now 🤮

[Bear]

To sum up this long tale, Crypto.com's CEO was behind a company named Monaco, and another named Ensogo. Monaco (MCO) raised tens of millions of dollars (in an ICO) to launch a cryptocurrency Visa card that never materialized. Vast amounts of user identification information were collected in the process and funds were still collected even though there was no time table for the release of the MCO Visa cards. The company rebranded itself by buying the $12 million Crypto.com website and renamed Monaco (MCO) to Crypto.com, likely due to numerous users calling Monaco (MCO) a scam.

The nail in the coffin is the founder of these projects, Kris Marszalek, was at the helm of Ensogo (another dark, long tale which you can look up) when the company collapsed and defrauded numerous users, investors, and merchants. Then Marszalek launched Monaco (MCO) less than a year later.

This is just a very small taste of the horror stories behind Crypto.com. There are even multiple horror stories on the platform itself where people have been suspended (no able to recover their funds) with little to no reasoning behind it. The main takeaway from this is, the CEO behind it Kris Marszalek is a shady guy and IS not to be trusted.

I could give you a plethora of links to read and analyze for yourself but it's as simple as a Google Search, so if you're interested to know more then I'd suggest you do that. There is an old Bitcointalk thread with over 400+ pages on MCO but alot of the posts there have been deleted by the Monaco team itself. Reddit has a ton of information on this as well.

Thanks for sharing this information!

[Grim]

To sum up this long tale, Crypto.com's CEO was behind a company named Monaco, and another named Ensogo. Monaco (MCO) raised tens of millions of dollars (in an ICO) to launch a cryptocurrency Visa card that never materialized. Vast amounts of user identification information were collected in the process and funds were still collected even though there was no time table for the release of the MCO Visa cards. The company rebranded itself by buying the $12 million Crypto.com website and renamed Monaco (MCO) to Crypto.com, likely due to numerous users calling Monaco (MCO) a scam.

The nail in the coffin is the founder of these projects, Kris Marszalek, was at the helm of Ensogo (another dark, long tale which you can look up) when the company collapsed and defrauded numerous users, investors, and merchants. Then Marszalek launched Monaco (MCO) less than a year later.

This is just a very small taste of the horror stories behind Crypto.com. There are even multiple horror stories on the platform itself where people have been suspended (not able to recover their funds) with little to no reasoning behind it. The main takeaway from this is, the CEO behind it Kris Marszalek is a shady guy and IS not to be trusted.

I could give you a plethora of links to read and analyze for yourself but it's as simple as a Google Search, so if you're interested to know more then I'd suggest you do that. There is an old Bitcointalk thread with over 400+ pages on MCO but alot of the posts there have been deleted by the Monaco team itself. Reddit has a ton of information on this as well.

Kind of makes sense If you used the crypto.com app or their site to buy or sell anything they require a huge amount of personal info to exchange there compared to other exchange sites.

[Yin Yang]

I personally think the partnership with ufc was more impressive. I know ftx is with Miami heat so I guess they’re getting nba exposure

[Hitachi]

Crypto.com has been killing it with the marketing. Let's see if Binance and Coinbase have any big dick moves up their sleeve next.

[Truth]

Crypto.com is pretty much advertising for all of crypto which is good for the space imo

[Omniscient]

To sum up this long tale, Crypto.com's CEO was behind a company named Monaco, and another named Ensogo. Monaco (MCO) raised tens of millions of dollars (in an ICO) to launch a cryptocurrency Visa card that never materialized. Vast amounts of user identification information were collected in the process and funds were still collected even though there was no time table for the release of the MCO Visa cards. The company rebranded itself by buying the $12 million Crypto.com website and renamed Monaco (MCO) to Crypto.com, likely due to numerous users calling Monaco (MCO) a scam.

Early crypto days was incredibly difficult. Basically you outlined a guy who had a mission, failed, failed, then finally through persaverance finally succeeded. I don't blame the CEO for the atmosphere around crypto many years ago.

Have you researched if any of those early investors continued to be part of the new projects? You sort of paint a very slanted picture but I have questions. You say they renamed their project, so doesn't that mean if I invested into Monaco that I'm also part of Crypto.com?

The main takeaway from this is, the CEO behind it Kris Marszalek is a shady guy and IS not to be trusted.

I have a feeling the investors involved in Crypto.com wouldn't agree with that.

Crypto.com offered MCO and CRO. The early adopters / investors of MCO thought it was going to the moon since the tokenomics were solid. The Crypto.com team and CEO initially promised that the two tokens were not going to be merged. Crypto.com eventually forced MCO holders to swap to CRO. That was the only shady thing I have experienced, but I have gotten my original investment back and then some.

I can’t really complain…

I had early MCO tokens as well. Made a lot of money even in the CRO swap.