Pls how can i partake in Monaco shares especially in getting the payment card? Where can it be obtained?
Just install monaco app and wait for your verification approval and in mean time you can choose the most appropriate card for you ,metal cards need a fixed amount of mco to be held for 6 month.after your account is verified you will be given a address to submit the monaco token and then do not move it for 6 month. How long wait? half year, or may be year or 2? They dont have Visa acreditation. According to Monaco's plans, they will start shipping cards this month. Please ignore all the FUD comments on here. |
|
|
|
Can someone explain the significance of the impending release of another 30% of the reserve tokens into circulation? Others have alluded to the whitepaper description of the release. Does that mean the circulating supply will suddenly register at ~17 mill with a corresponding market cap of ~$140 million(Price is at $8.30 now)? If that is the case, historically does that tend to negatively effect token price?
I am OK with hodling and weathering the storm of lack of news on the Visa deal, but that combined with the increase in circulating tokens makes me very nervous.
Thanks
I'm not sure 100%, but I think you are talking about the 30% of tokens that the dev's own. They will get released so that the dev's can choose to sell them if they want. I doubt very much that they would sell them before they've released their app and cards and spent some time developing their customer base. Of course the price of MCO will be much higher after a year or 2. Why would they sell them now? That wouldn't make any sense. |
|
|
|
Is Monaco a good choice to invest in ? The price isn't so stabilized, it has some problems ?
No it doesn't have any problems. Only that they have a very huge project to organize and of course sometimes there can be small delays. Kids on here start hyperventilating when their own prophecies don't come true. Monaco never actually said they would make some kind of public announcement regarding the card program approval in September. From everything Kris has said, it looks like they still have a few small issues to work out but because they have signed non-disclosure agreements (with Visa or a bank - I am guessing) they can't say too much just yet. Now is a great time to stock up on MCO - as all the hissy-fit children are selling theirs cheap. October is the month they have said cards will start shipping. Now if that doesn't happen, I would definitely be worried. But right now I am not selling a single MCO (and I have a fairly good stack). I am not advising you to do anything. But try to just look at what Monaco CEO, Kris has actually said - not all the garbage posted on here. A couple of recent messages from Kris (CEO) - from Slack: "kris 11:32 PM
All steps we are taking, including those relating to any upcoming dev updates, are in the best interest of all token holders. While it's hard to ask for a little bit more patience, that's exactly what we're doing: please sit back, relax and let us do our job. It's absolutely critical to get these things right, even if it takes a little bit longer. That's the only way to build a globally respected brand in payments space."
"kris 11:43 PM
things are developing fast and we are updating everyone with what we can communicate publicly; we're not concerned about temporary token price swings given how well the business is moving forward" |
|
|
|
|
The amount of BS getting posted on here is getting ridiculous.
Look, the entire market price movement of MCO so far has been based on hype and fear and not much else.
When the cards are shipped and the app released then we can judge Monaco, not before.
If people want to play day-trading then fine, they can waste their time with that. Everyone who's invested in the project because they believe it will be long term success (like me) is just laughing at all the dumb ass fuddy comments. The Monaco team are hard at work, it is clearly not a scam, everyone needs to chill the f**k out!
I'm guessing a lot of these fud posts are people working for Moaco's competitors - i mean seriously, whoever has time to photoshop a 'mr big fudster' visa card either has way too much free time, or has an agenda.
I would say that, if the competition is putting so much effort into trashing Monaco's image, that means they are seriously scared that Monaco will out-perform them.
|
|
|
|
Lots of uncertainty in here
Another 5 more days n we yet to be updated with anything.
This is how Kris surprised us with blank app on 31st and keep mum abt the updates now ain't gonna help up much.
I will opt out nw
Will be bc once VISA is here .
Gain a little is better than losing a fortune.
I already lost out appr. 15BTC
Nt ready to lose anymore.
Sorry to say it, but i'm guessing you will regret that. Why sell now when it's not end of september yet? |
|
|
|
They should start shipping cards soon and we still don't have any news about Visa...
Well tomorrow is the last week of September. For sure there will be an announcement next week. Their last tweet was about updating the app, so i'm guessing there'll be. an app update too. I think Kris would have to be crazy to keep everyone hanging till friday, So i think we'll all find out what's going on by next wed at latest, maybe even tomorrow. can't wait...😬😬😬😬 |
|
|
|
|
EXTRA EXTRA
LAST CHANCE TO BUY CHEAP MCO !
( and ETH by the look of it )
|
|
|
|
The app is currently just for ordering your card. As soon as cards start to get shipped the app will be updated to have wallet functionality. |
|
|
|
People, MCO is not only about VISA - yep visa is important, but actually the important thing is - "crypto in every wallet" how exactly this will happen is not so important. So with VISA now or later that's without matter... This is project with huge potential - transaction fees, credits and so on - that's INSTITUTION - the first one from this type....
Yes, exactly. So far there are only very basic crypto wallets available for iOS and Android. Just the fact that Monaco will be an app that lets you hold BTC, ETH and other tokens too is amazing. Just that alone will make Monaco a huge success. The Visa card is just icing on the cake. And just to add to the rumour mill... Kris said he would soon be going to europe and meeting 'issuing partner' and 'central bank reps'.. and today he said he was in Europe now. So big things are happening right now. Only 1 week left to get in on this... |
|
|
|
hehehe, NICE!! this company is very professional really. Working hard behind closed doors with just the right amount of public statements for maximum impact. What is this from? I think this fraud is photoshopping pictures before posting them here. He can't provide any reference or a reliable source for that. this is from Slack you idiot. just go there and search for messages from Kris (the CEO) |
|
|
|
"We are going to do KYC on 100% of our customers. We are building a real alternative to banks and the focus from business standpoint is on customers who already have a bank account. We are not going to be present in US & India in the beginning, but our vision is to make Monaco a global brand. It will require time, effort and capital, as in many cases it means setting up local operations, getting local e-money licenses and finding additional Visa or MasterCard issuing partners.
Kris"
"The card is just a way to get users in.. and allow the your funds to be easily accessible anywhere in the world on existing banking/visa rails.
If you want to understand the true potential of the project, you have to focus on what our APP will be able to do.
One example:
We are integrating with a well funded startup in online lending space - they disrupted a lot of traditional bank business by having proprietary algorithms that judge credit risk based on thousands of data points. They provide instant loan decisions online. So by integrating with them, we will enable a new account top-up option: Instant Credit. You will be assigned a limit, from which you can top-up your account. You will receive a monthly statement for Instant Credit and if you repay on time, there is no interest.
This effectively turns Monaco Debit Card into a Credit Card -> you will not have to pre-fund your purchases!
We have similar things on the roadmap for:
- travel insurance
- wealth management / investment funds
Eventually, by integrating a lot of disruptive products into the app, we will become a platform that banks will have extremely hard time competing with.
Last, but not least - blockchain & crypto are such powerful building blocks for innovation. We could not be more excited about the potential to disrupt finance industry with it.... But coming from traditional business world / finance background, we understand that in order to take marketshare from them, we need to play by the rules. Compliance. Compliance. Compliance.
Kris"
That is awesome! where is this quote from? Damn, if that's true, I need get more capital into this. This will be fucking HUGE biz! I found it on the Phillipino language Monaco thread... on here!... https://bitcointalk.org/index.php?topic=1942414.0 |
|
|
|
|
"We are going to do KYC on 100% of our customers. We are building a real alternative to banks and the focus from business standpoint is on customers who already have a bank account. We are not going to be present in US & India in the beginning, but our vision is to make Monaco a global brand. It will require time, effort and capital, as in many cases it means setting up local operations, getting local e-money licenses and finding additional Visa or MasterCard issuing partners.
Kris"
"The card is just a way to get users in.. and allow the your funds to be easily accessible anywhere in the world on existing banking/visa rails.
If you want to understand the true potential of the project, you have to focus on what our APP will be able to do.
One example:
We are integrating with a well funded startup in online lending space - they disrupted a lot of traditional bank business by having proprietary algorithms that judge credit risk based on thousands of data points. They provide instant loan decisions online. So by integrating with them, we will enable a new account top-up option: Instant Credit. You will be assigned a limit, from which you can top-up your account. You will receive a monthly statement for Instant Credit and if you repay on time, there is no interest.
This effectively turns Monaco Debit Card into a Credit Card -> you will not have to pre-fund your purchases!
We have similar things on the roadmap for:
- travel insurance
- wealth management / investment funds
Eventually, by integrating a lot of disruptive products into the app, we will become a platform that banks will have extremely hard time competing with.
Last, but not least - blockchain & crypto are such powerful building blocks for innovation. We could not be more excited about the potential to disrupt finance industry with it.... But coming from traditional business world / finance background, we understand that in order to take marketshare from them, we need to play by the rules. Compliance. Compliance. Compliance.
Kris"
|
|
|
|
|
I've been following this project since the very beginning.
I think that everyone who doubts it will be very surprised soon.
The lack of useful updates and weird twitter posts hasn't helped, but I think it really shows that they are busy working on the project instead of just putting loads of effort into promotion. Kris, the CEO seems very capable and sounds like he knows what he is doing.
I am not worried at all by the downslide in the MCO value. I wouldn't sell them even if it went down to $3
[in fact i'm buying more right now]
|
|
|
|
|
i'm surprised no ones investing in this yet!?
looks like a great idea.
|
|
|
|
hahahahahahaha   ahahahaha it is a good news to us  I hope it will hit on my set price at 0.006 i hope soo. I think i wont sleep this night to watch the price . Well it a long night right now  you would be crazy to sell at 0.006. this is going to $100 by december. i'll bet you 1 btc right now!!! You are very confident ! We will see what happens ! yes, because the price already went to $25 just on hot air! imagine what will happen when visa cards ship in 2 or 3 weeks time! |
|
|
|
|
Show Posts
