Let me give you guys something to think about.   Do the math !!!

There are 9.8M MCO tokens currently in circulation.  All the rest (around 21.8M more) are locked up for at least 90 more days.

https://coinmarketcap.com/assets/monaco/

Of the 9.8M MCO in circulation, 4.3M or almost half the total are currently on Bittrex.

https://etherscan.io/token/Monaco?a=0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98

So far in just over 48 hours, over 7000 people have preregistered for a Monaco card.  

(This is somebody else's registration screen capture - there's  a Black card reserved for me )



Seems logical that we will get to 8700 preregistrations from the current 7000.  

Question - what if they all reserve silver / gold Monaco cards?  Well, they'll ALL have to purchase 500 MCO from Bittrex and then freeze that MCO out of circulation for six months.  



How much MCO would that take, to issue 8700 silver / gold MCO cards?

Well, 8700 * 500 = 4.35M MCO.

THAT'S MORE MCO TOKENS THAN ARE CURRENTLY IN THE ENTIRE BITTREX WALLET.

Let that sink in.  Roll that thought around your brain until the lightbulb goes off over your head.

8700 SILVER / GOLD MONACO CARD REGISTRATIONS WOULD CREATE A BUY WALL TIDAL WAVE THAT WOULD PURCHASE EVERY SINGLE MCO TOKEN CURRENTLY AT BITTREX.

MY ADVICE:

1. GET 500 MCO ASAP.

2. UPGRADE YOUR MONACO CARD RESERVATION TO SILVER / GOLD.

3. HODL.

TenX is basically offering a rebranded Wavecrest "MyChoice" VISA card.  For TenX users, WaveCrest is the actual card issuer and TenX is just a middleman getting a cut of the fees generated.

https://mychoicecorporate.com/

https://www.tenx.tech/card-terms.html

Monaco is trying to establish themselves as an original card issuer, which means they have to meet the same VISA standards as any major bank.  

https://usa.visa.com/dam/VCOM/download/about-visa/15-April-2015-Visa-Rules-Public.pdf

Monaco is aiming to establish itself higher up the "credit food chain" than TenX has initially done.  It is possible that in a few years TenX could switch from WaveCrest to Monaco as its actual card issuer.  

Also, Monaco is focusing on having the lowest rates of exchange for many foreign fiat currencies.  So Monaco is not only about Crypto, it is about Forex, too.  And Forex is a LOT bigger than Crypto.

TenX is basically offering a rebranded Wavecrest "MyChoice" VISA card.  For TenX users, WaveCrest is the actual card issuer and TenX is just a middleman getting a cut of the fees generated.

https://mychoicecorporate.com/

https://www.tenx.tech/card-terms.html

Monaco is trying to establish themselves as an original card issuer, which means they have to meet the same VISA standards as any major bank.  

https://usa.visa.com/dam/VCOM/download/about-visa/15-April-2015-Visa-Rules-Public.pdf

Monaco is aiming to establish itself higher up the "credit food chain" than TenX has initially done.  It is possible that in a few years TenX could switch from WaveCrest to Monaco as its actual card issuer.  

It will be done with an Ethereum smart contract.  The Ethereum blockchain itself is acting as escrow.  Monaco is actually using one of the core capabilities of Ethereum to boost their own token price.  Brilliant.

I hope they get somebody besides TokenMarket to write the smart contract, though....

Look at the middle of the article.  "New Visa Rules; ID Verification Required".  

Xapo, China-based BTCC, German-based Bitwala and Canada-based Shakepay are all exiting the Bitcoin crypto debit VISA market because they are not doing 100% identity verification per the new VISA rules.

Monaco *** IS *** doing 100% identity verification with the Monaco app.

Looks like Monaco is following the new VISA rules and stands to pick up some market share abandoned by its competition.

HODL.

No KYC, no VISA.  5000+ people so far are OK with that, and the number is growing.  Adherence to KYC is why Monaco will eventually win and TenX will eventually lose in the Bitcoin crypto debit card market.  

Relevant article:

https://www.cnbc.com/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html

You guys are not seeing or talking about the upcoming rocket ride that was announced yesterday.  Forget the Moon, MCO price is headed for the stars.    

Get the free blue plastic card, you're limited to $200 per month free ATM cash withdrawals from your crypto stash.

Get the red metal card, you're bumped up to $400 monthly free ATM cash withdrawals forever from your crypto stash - but you gotta freeze 50 MCO in a smart contract for a mere six months.  That's not a bad deal.  

Get the silver/gold metal card, you're bumped up to $800 monthly free ATM cash withdrawals forever from your crypto stash - but you gotta freeze 500 MCO in a smart contract for a mere six months.  That's not a bad deal, either.

Say 10,000 people get a red card.  They freeze 10K*50 = 0.5M MCO out of the market for six months.  That's over 5% of the total current circulating supply of MCO.

Say 1,000 people get a gold / silver card.  They freeze another 1K*500 = 0.5M MCO  or another 5% of total MCO supply out of the market for six months.

10% of total supply of MCO can very plausibly get locked up for six months by the first 11,000 Monaco metal card holders.  This could easily happen - there's already over 8500 people holding MCO.....

https://etherscan.io/token/Monaco#balances

There's no reason why you should stop a one metal card.  You need to withdraw $5000 per month for free?  Buy multiple metal cards with multiple freezes of MCO.

What if there are 20K metal card holders by the end of the year?  50K?  What if they sign up for multiple cards?

Do the math.  Think of the possibilities.  MCO currently has a very limited circulating supply of under 10M tokens.  People are gonna be buying those precious MCO tokens at Bittrex soon to get their precious metal cards.  The price of MCO is gonna skyrocket as more and more metal cards get purchased in the next few months and more and more MCO gets taken out of circulation.

https://play.google.com/store/apps/details?id=co.mona.android
Spend anywhere, without the fees.

Say goodbye to hefty exchange fees, hidden transaction costs and long transfer wait times.

Say hello to Monaco - the only universal money app that lets you spend, send and exchange money anywhere without the fees or the hassle.

Monaco is just getting started:
- Industry leading credit card security
- Earn 0.75% cashback on ALL transactions with Monaco Platinum cards
- Up to 8% savings on exchanges compared to the high street banks
- Send and receive money with any Monaco user instantly with 0 fees
- Fund your card via bank transfer, credit card or cryptocurrencies like Bitcoin and Ether
- Spend your cryptocurrency like cash anywhere
- Customize notifications and alerts
- Next generation card security to instantly block or unblock your card with a tap
- 24/7 customer support
- Make and manage all your transactions seamlessly via the Monaco mobile app
- Absolutely positively no hidden fees

Download the app and pre-register today to reserve your Monaco card today.

Why wonder...use math!

Say there's 1 million Monaco card users.  Say they spend $3600 per year or around $10 per day.  That's $3.6 Billion per year.  1% of that goes to the MCO Assets smart contract as usage fees, or around $36 million.   There's roughly 34M Monaco MCO tokens.  So, bottom line....

Every million Monaco card users spending $10 per day will put a little more than a dollar per year in your pocket for every MCO token you hold.

You'll love this, the latest from CryptoBN:

CryptoBreakingNews‏ @cryptobn

#Monaco team is currently discussing a possible change in the announcement schedule $mco Things are moving quickly #Monacoapp #tenx #pay

I read this as "Standby for liftoff".  You don't move up a launch after a leak except to protect yourself from later charges of insider trading.....and you only worry about insider trading if there is big money to be made.

Either VISA announces tomorrow simultaneously with the app launch, or this is a ready-to-go page to rotate in at the app site when VISA finally does come onboard.  

The bottom line is the same : VISA is coming.  I am hodling.

And if that is a complete photoshop, Monaco needs to hire whoever did it.  Very slick work on that webpage.  "Click here to see why Monaco is better."  I love it.
  
Gang, we are headed to Mars.

I laughed out loud.  Thanks for that.  I need all the help I can get riding this MCO rollercoaster down the current drop.

You, sir, are a very wise man.


So, sir, are you.

THERE ARE CURRENTLY 10.7 PAY TOKENS IN CIRCULATION FOR EVERY MCO TOKEN

FOR A UNIT OWNERSHIP SHARE IN MCO COSTING THE CURRENT $23, AN EQUIVELENT OWNERSHIP SHARE OF PAY COSTS 10.7 * $4.25 = $45.50

AN OWNERSHIP SHARE IN MONACO IS CURRENTLY AROUND HALF THE COST OF A TENX OWNERSHIP SHARE

MCO STILL HAS LEGS TO GO UP UP UP.

Total tokens = total supply, which is around 34M MCO if I remember correctly.  Currently only about a third of the MCO tokens are unlocked and available for trading.   Even when they are all unlocked, a third will be a "treasury reserve" for the Monaco project itself rather than the personal benefit of the devs.  I would bet that treasury will not go on the market for a long, long time.

All of the "1% transaction fees" gathered by the Monaco project are stored in a smart contract.  MCO tokens are ownership shares of that smart contract's assets.  You can burn your tokens at any time to claim your share of that smart contract.  See Section 1.4 of the whitepaper.

https://mona.co/monaco-whitepaper.pdf

"1.4. MCO Asset Contract
MCO Asset Contract accrues a 1% licensing fee on
transactions using the Monaco Card funded with
ETH/BTC, as well as exchange transactions between
ETH/BTC and fiat currencies. Over time MCO will be
backed by a portfolio of the most popular ERC20
tokens. MCO holders will be able to access the
portfolio through a mechanism called “REDEEM &
BURN” (see 1.6).

Nope.  You can buy all the MGO you want.

https://liqui.io/#/exchange/MGO_BTC