CRO has been trading since the 21st of November on the Digifinex exchange and is used for processing transactions on the Crypto.com application.
This should bring more value to the Monaco token as a periodic airdrop has been automated in the block-chain.
This is an extremely similar event to Ripple, when the remaining XRP was distributed in this fashion.
Ironically, the XRP lockup and distribution plan occurred at the same time, December 7th, 8am UTC last year - prior to an incredible price increase.
Crypto.com: In total, 60 such monthly CRO airdrops to MCO token holders will be conducted over the period of 5 years. The CRO token will begin trading on Wednesday, 21th November 2018, at 3pm HKT on Digifinex Exchange. Digifinex is world’s 4th largest exchange by trading volume as per Coinmarketcap.com. The token will subsequently be listed on a number of other exchanges.
I have bought and am interested in selling very high.