Crypto.com Recap of Live AMA With CEO Kris Marszalek
The opening itself is very great and I love this kind of AMAs with people who are at the font and center of a project. The biggest obstacles are regulations. The cards are going well in Singapore and USA. The aim of MCO is the people who lock up 500 MCO for card and benefits. Good thing is that currently that is a mere $1955 which seems a great value when you compare similar benefits from something like AMEX.
We've got almost a hundred people online so let's begin. I'm going to start by talking about
the major KPIs that we hit for the platform. We are now at over 800,000 app downloads globally.
And in terms of tokens staked in the app, we hit 8 million. So those are two big milestones we
continue to grow at roughly 20%, month over month. We're very excited about the progress that
we're making.
We've also made substantial progress in terms of our China office. So we're operating right now in
China. By the end of the month we’ll have probably 10-15 people on the ground. I already explained
last time that we basically see the office with our core team from Hong Kong. So people we know
and trust and understand our values. So it's going to allow us to build a strong foundation over
there. And we currently have space for around 60-70 people in China. So you can estimate that
towards the end of the year, the company should be slightly above 200 people in terms of the
strength of the team. So I think we are growing in a very balanced way. You've got on one hand
products that improves dramatically every 2 weeks. You've got the growth in our user base which is
very consistent and you've got the growth in the team which allows us to again move faster and
faster as a company.
The messed up thing to hear was that it can take a good 1.5 years to take care of regulatory compliance before release. Imagine how much progress gets squandered in those red tape. South American countries are not even on their roadmap yet. I'm not surprised by this. There was no mention about Asian countries like India, Indonesia, Thailand etc.
The token lockup will be the main driver for demand in the coming months. We will need to wait for some fast adoption to see a good price hike. Just few thousand cardholders locking up tokens at the same time can easily take out the entire supply off the market with only 15,793,831 MCO circulating supply. So keep your eye on adoption rates and card approval in EU and other major countries.
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