This is very scammy, I sold the minute it was announced.
You're basically issuing new money, money that only 10% will be distributed to MCO holders, and even the few of them that are qualified for it have to hold their MCO tokens in your wallet.
Of course the new token will take value from MCO's value which now looks it took a bit.
Congrats on fucking over even the last people supporting you.

This is one of the greatest scams I've seen.