In October of 2017, we removed the asset contract from our roadmap due to changes in the regulatory environment. Our CEO, addressed this announcement in this video. To initially compensate for this, the Card Cashback rates were increased to up to 2%.

Removal of the asset contract allowed us to be able to list on several large exchanges, which would otherwise not be possible, and the exchanges will not face challenges from their respective regulators in the future in relation to the MCO token. 

We acted pre-emptively and in the spirit of doing things the right way - this has led to the removal of asset contracts from most utility tokens.

With the release of the revised Whitepaper on 6 July 2018 (further modified in September 2019), we have highlighted and detailed additional MCO token utility covering our products:

Did this answer your question?