Very few of the 2017 ICO projects have noted any real growth in 2019 and beyond. One notable exception is Crypto.com, as its number of total addresses continues to rise rather quickly.
The Growth of Crypto.com
Most people may recall the 2017 ICO scene. Hundreds of projects crawled out of the woodworks and raised millions of dollars. Most of those ventures are now gone completely, for a variety of reasons. Several projects fell victim to fund mismanagement, whereas others simply turned into an exit scam.
Crypto.com is a very big exception in this regard. Initially, it raised money under the Monaco banner. A rebranding took place some time ago, to properly reflect the company’s position in this industry. It is also one of the very few ICOs to effectively deliver on its initial promises, despite handling different roadblocks along the way.
Today, the company is doing what it set out to do. Crypto debit cards are being shipped to customers accordingly. Although it took longer than expected to enter some markets, progress continues to be made. More importantly, Crypto.com launched extra services to build up its ecosystem.
The option to earn money by depositing assets has been a very successful one. This has also brought more attention to the CRO token. It is one of the ecosystems with both the native MCO and the CRO token working alongside one another. Despite the success, there is still a long way to go for this company.
MCO Supply in Smart Contracts
It is interesting to note how Crypto.com has two tokens. Liquidity has never been an issue for CRO. Those tokens were widely considered to be a free airdrop by the team to MCO holders. That program has been halted some time ago, but there is still ample of CRO out there.
As far as the ICO-based MCO tokens go, things are a bit different. Over 65% of them are locked in smart contracts today. That also means that most of the token’s supply simply isn’t accessible. It helps create a degree of scarcity that would otherwise not exist. It also confirms that few token holders want to part with their holdings at this time.
Overall Address Growth
The overall success of Crypto.com attracts a lot of attention. More and more users are creating a wallet address for this token. This indicates that the encompassing ecosystem continues to get a lot of attention. Today, over 93,000 unique addresses exist. It is a matter of time until the number hits 100,000.
Crypto.com seems to offer that degree of options and convenience people gravitate toward. Given how it is one of the very few successful ICO projects, that seems to work in its favor as well. Despite being far removed from its USD-based all-time high, MCO has still appreciated in ETH and BTC value alike. That is a rarity in this day and age.