How to stake CRO?
Once you've passed our KYC (Know Your Customer) verification, you can stake your CRO tokens by:
- Tapping the Card icon in the bottom-right corner
- Selecting the MCO Visa card of your choosing and following the steps to stake CRO, when prompted.
If you don’t have enough CRO in your account, you can:
- Purchase CRO in our app, or
- Exchange from other crypto to CRO in our app, or
- Deposit CRO from an external wallet or exchange
What are the benefits of staking the CRO?
Staked CROs are locked in the app for the next six months, during which you can:
- Reserve one of our premium metal MCO Visa cards
- Receive Crypto Wallet Benefits
- Enjoy better earnings rate in Crypto Credit and Crypto Earn
All available benefits of CRO staking can be found here:
MCO Stake Rewards: Receive CRO at 16% p.a. for 50,000 and 18% p.a. for 500,000 and 5,000,000 tiers while these CROs are staked.
For details of different levels of benefits in relation to the amount of staked CRO, please refer to the Cards section of our website.
Can I increase the staking amount (upgrade)?
Yes. During the initial 6-month staking period you can increase the amount of staked CRO, by going to your CRO wallet in the app and selecting the Upgrade button.
You will be prompted to add the difference between your existing stake and the one you are going for (so, for example, if you currently have staked 5,000 CRO and would like to increase to 50,000, you will need to add 45,000 CRO).
The new stake will reset the timer and another 6-month period will start. To increase your staking amount after your MCO card has been issued, please follow this upgrade process (U.S.) (Singapore) (E.U & U.K).
How can I unlock my MCO?
After the 6-month staking period is completed, you'll be able to unlock your CRO. Simply go to the CRO wallet in your app and tap the “Unlock” button.
Note, that by unlocking CRO you will be losing a number of benefits that come with staking, for example:
However, your MCO card benefits (e.g. Card Cashback (of up to 2%), LoungeKey™ Access, fee-free ATM withdrawal limits and Interbank Exchange Rates) will not be affected by un-staking CRO.