Monaco Visa ICO - tomorrow - latest scam?

[reids]

They are at 5730 ETH already: https://etherscan.io/address/0xf9a5e0436c01cc15708449e480fa5f2d6a5b55ca

I despair, a fool and their money...

[1714986058]

1714986058

[1714986058]

1714986058

[stomachgrowls]

This just showed up out of nowhere.

https://themerkle.com/monaco-visa-ico-starting-may-18th/

https://www.mona.co/

I see nothing on reddit or here.

Seems very scammy. Likely fake VISA association that TokenCard had.

I think ill pass on this one and probability that this is just an another scam is high.They didnt even put efforts too much on making some announcements to make it more believable if they are just tending to scam investors and what to do with VISA? There no make sense at all. This is just an another scam attempt and social media account do have almost no like and no members the same on slack group.

[no1dead]

They are at 5730 ETH already: https://etherscan.io/address/0xf9a5e0436c01cc15708449e480fa5f2d6a5b55ca

I despair, a fool and their money...

They added ad in CMC, which has many scam ads there, I think Monaco is highly possible scam.

[NaXxow]

Likewise, it is a desperate move to announce on such short notice, either a scam or a very fool move they made. I hope someone can gather reliable information on this matter.

[ven_bug_trap]

Announcing of ICO 1 day before launch followed by aggressive marketing campaign? Seems sketchy..

Lol, this is why you disable your Adblocker I suppose. Much appreciated.

[houseo]

The web site design looks very elegant and professional, but this does not have anyting to with the trust of the project. If you think it's a scam, you need to list the reasons so that we beware of it.

reason = common sense. others can spend more time investigating and determine their own reasons.

[JohnUser]

They are at 5730 ETH already: https://etherscan.io/address/0xf9a5e0436c01cc15708449e480fa5f2d6a5b55ca

"Starts 18th May, 9:30am UTC" all this transaction are 3 days ago, the 15 may.

[houseo]

They are at 5730 ETH already: https://etherscan.io/address/0xf9a5e0436c01cc15708449e480fa5f2d6a5b55ca

"Starts 18th May, 9:30am UTC" all this transaction are 3 days ago, the 15 may.

click internal transactions. they are today. poor people.

[JohnUser]

Indeed. Does an ICO ever work (was not a scam and people make benefits) without bitcointalk real thread ?

[TronQuix]

well poop... it looked nice... but good info.

[FandangledGizmo]

https://www.youtube.com/watch?v=c1djYiCtiRY

CFO: It's likely demand will exceed supply

Which is funny because there's no limit on supply, people can contribute for 7 days with no limit if the soft-cap is reached...

On top of it they may have a second token sale in future...

2. Capital Reserve
• 30% of the MCO supply will be credited to the reserve, but not issued. These MCO will be available as an additional token sale mechanism, but may never be issued, depending on circum- stances in the future.

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

Scam or not, worst structured ICO I've seen, no point in investing when no limit and almost immediately trade-able.

[Jayjay04]

really look like TKN .... website, design and stuff... shady

[Shiroslullaby]

Nice website means nothing. Any competent web dev could make this in a day or two.

We will see what happens in 30 days. Hopefully not a bunch of threads people crying they lost all their money to ICO scam.

[cryptonx]

They are at 5730 ETH already: https://etherscan.io/address/0xf9a5e0436c01cc15708449e480fa5f2d6a5b55ca

I despair, a fool and their money...

yes,, and now they got is about 10,253 ETH,,
this is crazy,
people who invested there, without any detailed informations about the project..

[CryptoMensch]

Never heard of it. I am impressed that they have a team section on their site, maybe you can contact them directly.

[nasibakar]

It is new (it is ICO), there is always risk on ICO (or they call it MCO).
I dont think it is scam, .... otherwise I think it may be (very) interesting.

[viralz]

It is new (it is ICO), there is always risk on ICO (or they call it MCO).
I dont think it is scam, .... otherwise I think it may be (very) interesting.

Sure it is new, it is ICO (MCO). I like the card by the way. It is a nice card.

[coin-investor]

I was just looking at this and was hoping someone might have more information on it. Out of my own ignorance, can you explain what you are suggesting is scammy about it? I am relatively new to all this, I have lurked in and out of the crypto world for the past few years but only recently did I start actually actively participating. On the surface, to someone like me, this appears like a great opportunity to tackle some of the issues associated with adoption. However I am very interested to hear feedback from someone with more experience than I.

first and foremost, ico with 1 day notice is abnormal

I totally agree,legit project do their ico with at least a two weeks notice to prepare people and answer all question about their ico and of course to prove that they are a legit ico they do all out marketing,something fishy really going right there,I don't recommend investing in this kind of ico.

[JohnUser]

So : A website with many stupid javascript, showing hype credit card, you send yourself many ETH to create FOMO, nothing more to take thousand dollars ?

[Jayjay04]

This will end badly...