Principle and design goals

Technology implementation

Consensus mechanism

Accounts and transactions

Smart contract system

Cryptography

Distributed storage protocol

Cross-chain and exchange technology

Special technology

Economic model and incentive

To benefit from MCO Private services, referral commissions from the Platinum Referral Rewards program and Crypto Wallet Cashback, customers are required to have the appropriate amount of MCO Token in continuous staking.
To benefit from Crypto Airdrops, customers are required to hold MCO Tokens in their MCO Wallet App to be eligible.
All services & benefits described in this section are forward-looking only (i.e., in effect on and after the date of activation), unless stated otherwise.

7.1 MCO Private 

MCO Private is a high-touch Crypto Concierge service available to holders of Obsidian Black & Icy White MCO Visa Cards while their MCO Tokens are in continuous staking.
Eligible high net worth clients will enjoy exclusive benefits, such as: 

    Dedicated support phone number & instant message service/ access 

    Advice on selected transaction and services 

    Exclusive access to industry events, including meeting industry thought leaders 

    Preferential access to other exclusive crypto opportunities
More details will be unveiled closer to launch date.

7.2 Platinum Referral Rewards

To enjoy the Platinum Referral Rewards program, each customer will need to reserve a MCO Platinum Card and have staked MCO Tokens.
After staking MCO Tokens, each customer will be able to invite friends to the MCO Wallet App and gift them a Sign-Up Bonus with special referral links. The number of friends and the amount to gift each friend will increase based on the number of tokens staked.
For security reasons, the referral Sign-Up Bonus will become available for withdrawal 3 months after the MCO Wallet App Activation of the referred friend.
For each new customer referred, MCO will reward the referrer with up to 25% of all net fees (net of 3rd party payment/ transaction processing cost) collected on the referred friend’s crypto transactions. This commission will be credited weekly and is payable as long as the referrer has an appropriate amount of MCO Token staked (see table below):

Further details regarding Platinum Referral Reward will be available at the time of launch of the program.
In recognition of the contribution of early promoters in our community, we are extending the referral commission to cover referrals made before the activation date of the Platinum Referral Program.

7.3 Crypto Wallet Cashback

For any crypto purchase, including crypto purchase with a debit/ credit card or a crypto-to-crypto exchange, MCO will reward the customer with Crypto Wallet Cashback.
Crypto Wallet Cashback levels will vary depending on the amount of MCO Token customers have staked and will apply on the acquired crypto amount.

Customers with MCO Tokens staked for the MCO Visa Card are eligible for Crypto Wallet Cashback. When the staked MCO Tokens for the MCO Visa Card are about to be released, customers will have an option to extend the stake to continue benefiting from Crypto Wallet Cashback.

7.4 Crypto Airdrops

Customers holding MCO Tokens in the MCO Wallet App are eligible for receiving ad-hoc token airdrops for selected token listings in the Wallet App.
The airdrop amount each customer receives will be proportional to the MCO Token in-app balance (including staked MCO Tokens).

Governance mechanism

Applications

 MCO Products

MCO Visa Card

Customer pain points/needs 

Customers who want to buy and spend cryptocurrency face cumbersome processes with long lead times (3-4 days) and a scarcity of places where to do so
Customers who spend abroad with their regular credit or debit cards are charged significant FX fees (up to 8% of purchase amount) by financial institutions and may not get any additional benefits for their purchase

Value Proposition 

MCO provides beautifully crafted MCO Visa approved pre-paid cards for customers:
     Metal card, no annual Fee 

     Up to 2% crypto cashback 

     LoungeKeyTM Airport Lounge Access (selected cards) 

     Spend overseas at perfect interbank exchange rates 

     Conveniently spend and withdraw the fiat equivalent of their cryptocurrency online and offline at all Visa approved merchants

MCO Wallet App

MCO Crypto Invest

MCO Crypto Credit