Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:
We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.
That's just bad wording from their side, they mean 1.5-2% of the payment made. How else do you think they can provide 0.75% (even more for platinum) cashback? Basic logic. Where is logic buddy. If there is $3 taken from $100, so $3 are split between all parties involved. How they can take more? Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. (interchange revenue) - the fees paid by merchants. (these $3 from $100 spent)So re-read again please! You clearly have no idea how interchange fees work. Here is an example:  In this case MCO is the issuing bank, thus receives 1,70% of the TOTAL TRANSACTION (percentage depends locally) Wait a sec, I thought they are program manager?  ? |
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Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:
We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.
That's just bad wording from their side, they mean 1.5-2% of the payment made. How else do you think they can provide 0.75% (even more for platinum) cashback? Basic logic. Where is logic buddy. If there is $3 taken from $100, so $3 are split between all parties involved. How they can take more? Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. (interchange revenue) - the fees paid by merchants. (these $3 from $100 spent)So re-read again please! Ohh and there is no connection of cashback and fees. cashback is from money what merchants are willing to give back, it's not with fees as you think. |
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Please dump more!  I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!Here is some math guys!Total: 31,587,682 tokens For example, in 1 year time they will reach 500,000 customers. Every customer on average spends like 20'000 usd per year or less. Merchants pay 3% for all parties involved in transaction. So it's $600 usd paid by merchants from $20k spent by 1 customer. Monaco gets 1.5% from these $600 = $9 !!!So in BEST case scenario, they will have $4,500,000 in fees in 1 year. Asset contract promised 1% from this sum to be held. In result we have only $45,000, fucking $45k per 1 year split by 31,587,682 tokens. How this fucking can drive price of mco up? ? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Total price of mco by earnings per year held in asset contract: 0.00142460596 USDHow the fuck this can drive price? Monaco team knows what they are doing. HOLD! For those who do not get what I wrote, then leave, this is not for you kids. P.S. I didn't counted consumers who stop using services. This would bring asset contract 1% even lower. At least when you do math, do correct math. In the whitepaper it states: MCO Asset Contract accrues a 1% licensing fee on
transactions using the Monaco Card funded with
ETH/BTC, as well as exchange transactions between
ETH/BTC and fiat currencies. Over time MCO will be
backed by a portfolio of the most popular ERC20
tokens. MCO holders will be able to access the
portfolio through a mechanism called “REDEEM &
BURN” (see 1.6).
Fees from card swipes will be denominated in the
token being used to fund the swipe (ETH or BTC at
launch). These fees will be sent directly to the MCO
Asset Contract. Over time, this contract will accrue
tokens in proportion to the usage of the Monaco Card
& App globally. so 1% of total transaction volume goes into the asset contract (as well as exchange transactions, but I'll leave that for now) If I use the numbers you added up, the math goes as follows: Users: 500,000 Volume per user: 20,000 (a bit steep tbh, but for now I'll use your example) So total volume will be 10,000,000,000 usd in a year. 1% of that goes into the asset contract. So that means 100,000,000 in the asset contract with those numbers. Circulating supply is 9,814,875 tokens, which would add a value of 10,19$ per token. Keep in mind that is year one, and price will increase over the years. This is not even taking in account token burn that would occur anytime someone takes from the asset pool We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time. |
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Please dump more! I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!Here is some math guys!Total: 31,587,682 tokens For example, in 1 year time they will reach 500,000 customers. Every customer on average spends like 20'000 usd per year or less. Merchants pay 3% for all parties involved in transaction. So it's $600 usd paid by merchants from $20k spent by 1 customer. Monaco gets 1.5% from these $600 = $9 !!!So in BEST case scenario, they will have $4,500,000 in fees in 1 year. Asset contract promised 1% from this sum to be held. In result we have only $45,000, fucking $45k per 1 year split by 31,587,682 tokens. How this fucking can drive price of mco up? ? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Total price of mco by earnings per year held in asset contract: 0.00142460596 USDHow the fuck this can drive price? Monaco team knows what they are doing. HOLD! For those who do not get what I wrote, then leave, this is not for you kids. P.S. I didn't counted consumers who stop using services. This would bring asset contract 1% even lower. |
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Please dump more! I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!Here is some math guys!Total: 31,587,682 tokens For example, in 1 year time they will reach 500,000 customers. Every customer on average spends like 20'000 usd per year or less. Merchants pay 3% for all parties involved in transaction. So it's $600 usd paid by merchants from $20k spent by 1 customer. Monaco gets 1.5% from these $600 = $9 !!!So in BEST case scenario, they will have $4,500,000 in fees in 1 year. Asset contract promised 1% from this sum to be held. In result we have only $45,000, fucking $45k per 1 year split by 31,587,682 tokens. How this fucking can drive price of mco up? ? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Total price of mco by earnings per year held in asset contract: 0.00142460596 USDHow the fuck this can drive price? Monaco team knows what they are doing. HOLD! For those who do not get what I wrote, then leave, this is not for you kids. P.S. I didn't counted consumers who stop using services. This would bring asset contract 1% even lower. |
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Please dump more! I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!Here is some math guys!Total: 31,587,682 tokens For example, in 1 year time they will reach 500,000 customers. Every customer on average spends like 20'000 usd per year or less. Merchants pay 3% for all parties involved in transaction. So it's $600 usd paid by merchants from $20k spent by 1 customer. Monaco gets 1.5% from these $600 = $9 !!!So in BEST case scenario, they will have $4,500,000 in fees in 1 year. Asset contract promised 1% from this sum to be held. In result we have only $45,000, fucking $45k per 1 year split by 31,587,682 tokens. How this fucking can drive price of mco up? ? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Total price of mco by earnings per year held in asset contract: 0.00142460596 USDHow the fuck this can drive price? Monaco team knows what they are doing. HOLD! For those who do not get what I wrote, then leave, this is not for you kids. P.S. I didn't counted consumers who stop using services. This would bring asset contract 1% even lower. |
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Please dump more! I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!Here is some math guys!Total: 31,587,682 tokens For example, in 1 year time they will reach 500,000 customers. Every customer on average spends like 20'000 usd per year or less. Merchants pay 3% for all parties involved in transaction. So it's $600 usd paid by merchants from $20k spent by 1 customer. Monaco gets 1.5% from these $600 = $9 !!!So in BEST case scenario, they will have $4,500,000 in fees in 1 year. Asset contract promised 1% from this sum to be held. In result we have only $45,000, fucking $45k per 1 year split by 31,587,682 tokens. How this fucking can drive price of mco up? ? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Total price of mco by earnings per year held in asset contract: 0.00142460596 USDHow the fuck this can drive price? Monaco team knows what they are doing. HOLD! For those who do not get what I wrote, then leave, this is not for you kids. P.S. I didn't counted consumers who stop using services. This would bring asset contract 1% even lower. |
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kris [5:09 PM]
Okay, let me clarify this. We had one dev update so far - cryptocurrency in every wallet - part 1. The second dev update is the press release. The third dev update is "cryptocurrency in every wallet - part 2". Hope it's more clear now.
Sk Sk
@kris Dev Update 2 was supposed to be released on Oct 18th but now you are saying the press release is not about dev update 2. Then why are you delaying Dev Update 2? Is it because you believe the news in press release is more important?
Thread in #communityOct 23rd at 5:02 PMGuyz, there will be another update soon!!! 
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So, is that means the monaco project already announced the visa becomes the true story right now? it seems to be a good thing for every monaco holders and the latest chart about the monaco price already increased a lot. About the speculation of the monaco project if we are seeing about the current market supply and it looks the double or triple on its price will be possible but that's impossible worth three digits. Yes it's done, they are like a bank! Without middle men! VISA!!!!!!!! |
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From this point, this company will be in TOP 10 cryptos soon! Gratz all holders and believers, it pays off always. |
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Ok, i am going to buy MOET biggest bottle! amazing! |
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It's good that there is no real FOMO! This thing will explode after news for sure. I am betting on $50+ because there is this waiting and water is starting to boil already... Though I would wait for real news and then go all in if you are not yet.
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Just got from a friend on slack!  |
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Anything on slack??? Please post screenshots if there was something.
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have you see "contact" in monaco website???
Monaco Technology GmbH
Bahnhofstrasse 21, 6300 Zug, Switzerland
THERE IS NO OF THIS COMPANY!!!
Publication number: 3617307, Commercial Registry Office Zug (170) Monaco Technology GmbH, in Zug, CHE-342.912.084, c/o STAX AG, Bahnhofstrasse 21, 6300 Zug, Gesellschaft mit beschränkter Haftung (Neueintragung). Statutendatum: 26.06.2017. Zweck: Beteiligungen an juristischen Gesellschaften, vor allem an Technologie-, Industrie-, Gewerbe- und Finanz- sowie an Immobilienbetrieben sowie Handel mit Waren aller Art; vollständige Zweckumschreibung gemäss Statuten. Stammkapital: CHF 20'000.00. Publikationsorgan: SHAB. Mitteilungen an die Aktionäre erfolgen per Brief, E-Mail oder Telefax an die im Aktienbuch verzeichneten Adressen. Mit Erklärung vom 26.06.2017 wurde auf die eingeschränkte Revision verzichtet. Eingetragene Personen: Spitaleri, Silvia Carmen, italienische Staatsangehörige, in Genève, Geschäftsführerin, mit Einzelunterschrift, ; Marszalek, Krzysztof, polnischer Staatsangehöriger, in Yuen Long (CN), Gesellschafter und Vorsitzender der Geschäftsführung, mit Einzelunterschrift, mit 200 Stammanteilen zu je CHF 100.00. there is no company at this adress and i highly doubt that this company register is valid since for registering a company in switzerland a tel number is mandatory - u cant register a gmbh with a postbox. most important info is that the main share holder 200 shares at 100chf each is a chinese Yuen Long...... so in fact its not a swiss nor a hk company it is chinese.... i just hope this doesnt turn out to be a scam after they received all our ids and details including email and phone.,.... As i thought. This might be the most SCAM coin in history of crypto. Hope it doesnt happen |
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Ohh that's very good, @gatecoin sucks anyway, all trading must happen on biggest exchanges for our own good.
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Guys, huge announcement on 29th.
Proof?! |
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Somehow I appreciate the firm's conduct so they can get rid of the pump and dumpers, ready to make a quick bitcoin without any actual interest in the asset they hold. Lots of people here think that Monaco is just a game consisting in waiting for announcements to be made. They want to play. So the MCO people let them play.
Hopefully, most pump and dumpers will give ground so only serious investors will be involved.
There will always be pump and dump , in every crypto's market, not only MCO! All people want to make profit, in any kind of bussiness, not only crypto, so, if the pump and dump dissapears, how do you earn from your investment? Every crypto is a game, every investment is a risk, you may win or you may not! As for serious investors, let's be honest, everyone wants profit, they dont invest just because they are in love with the project itself! +1 Just like any investor wants ROI. It's how we make money. Good project only attract us and we prefer it over other projects, it's also competition between them. Btw... I just got email that they will not take off ban from slack this time (without explanation). Yesterday I was banned for no reason - I didn't fud or spam there, only communicated with other people. This is strange af. Such attitude is based on totalitarianism and no free speech, even though I was supporting project, but this makes me rethink everything. Ohh and they do not care if you are ico investor as I am. Never been in so stupid situation. I want to believe they just have some simple issues and are unlucky, though if it will be 3rd time, it's a pattern... I will be holding for now. |
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