NULL

[tokenmarket]

NULL

[tokenmarket]

"Hi Everyone,

I'm Kris - the founder of Monaco. Just opened an account on Bitcointalk to answer all the questions you may have regarding our company and the token sale.
We'll be posting a thread shortly...

I think we have to start by acknowledge, that:
- in hindsight, we should have had done a few weeks of pre-marketing to make a good first impression on the community
- we are late with even the basic stuff - like posting ANN on bitcointalk
- but at the same time, we are very happy with the results so far with our minimum being hit in under 2 hours and that we hit 10,000ETH milestone during the first 24 hours.
- we think since we had zero pre marketing ahead of ICO launch, the results are amazing and the only reason behind it is simply our product: people love the Monaco Card & App
 
In terms of addressing the single most common question: why only 1 day notice. It's actually pretty simple. The single thing that pushed us to launch ahead of our original July schedule was a competitor running towards an ICO with a 90% same value proposition (FX+crypto). Our CFO was at an event at VISA Innovation Centre in Singapore on 11th of May, where he ran into another founder, who basically told him what they're working on and that their ICO is going to launch in June. We made a judgement call to finish working on our ICO within a week and launch, then spend the next 30 days to gradually build exposure and increase our brand awareness, so everyone has plenty of time to get to know us and do their due diligence.

Naturally, we had no idea people would think this is a scam.
- we've been working on the product for almost 1 year
- we have very experienced team of entrepreneurs (I sold my previous business for US$21m in 2013, our CFO is ex-Mastercard)
- we have serious heavy-hitters on our Advisory Board from companies like AWS, VISA, Adyen, Emarsys

I guess to a certain extent it's a function of us not understanding how does this community think and operate. We're learning fast and we're committed to being open and transparent, so that everyone can have their questions answered. I will be here and on our ANN thread answering all the questions you may have. I also encourage those who find our project intriguing to join our slack channel: https://monaco-card.slack.com/ - it's growing steadily and is probably the most convenient way to get to know us personally.

One final note: the team is based in Hong Kong, so please note the time differences in case we don't respond instantly, it's probably middle of the night on our end.

Kris"

[erikalui]

Reserving Hindi translation if needed.

[akira007]

same like tokencard ??

any bounty or etc ??

[vingaard]

One question... could I invest directly in BTC or I need to buy before ETH? 

[matt@monaco]

One question... could I invest directly in BTC or I need to buy before ETH? 

Only ETH contributions are accepted.

[Paidi]

reserve indonesian translation if needed  

[Dewi Aries]

Reserved....
I wish there was a bounty for twitter and facebook then,
because I think it's a great project and will be successful later

[didzi]

as i know the ICO of this project is already run,,
am i right mr. Tokenmarket ?

[tokenmarket]

Hi

The token sale has started and it will run until June 18th, 2017, 9:30 UTC. Extra hint: there has been no pre-sale deals for this ICO.

as i know the ICO of this project is already run,,
am i right mr. Tokenmarket ?

[vingaard]

One question... could I invest directly in BTC or I need to buy before ETH? 

Only ETH contributions are accepted.

ok... Thanks 

[tokenmarket]

Hi

The token sale has already started and it will run until 18th June.

Hello, has not this token started being sold? Will the twitter campaign resume when?

[FandangledGizmo]

Why only 1 day notice? It's actually pretty simple...

500-999 – will be assigned to the fastest contributors based on time stamp. There will be no Monaco VISA® BLACK Card issued after the initial 999

https://www.mona.co/#section-2 - I'm kidding, that would be a very silly reason.

I'm Kris - the founder of Monaco. Just opened an account on Bitcointalk to answer all the questions you may have
...we've been working on the product for almost 1 year

"Myself and our development team are on top of the technology, the market and our potential customer base. But none of us have a bitcointalk account or are familiar with how crypto ICO's are traditionally conducted..."


I have a question though.

Existing crypto debit card providers have unverified options but with a capped withdrawal limit and much higher fees eg. https://cryptopay.me/bitcoin-debit-card .

(Full KYC may remove a large portion of the target market especially in developing countries, where traditional KYC is often one of the biggest hurdles for the currently unbanked. I also wouldn't be surprised if this option makes up a high % of the crypto debit cards shipped to date.)


The impression I got from the TKN Q&A is that they would only offer full KYC options. Will Monaco be able to offer unverified debit card options? Thanks.

Edit: Oh and TKN said they would not be able to service the US or Indian market initially. Will the Monaco card have the same initial restrictions? 

[enunrom]

Hello
I would like to reserve the Spanish translation.
Thanks.

[checkmatesir]

same like tokencard ??

any bounty or etc ??

I mean having seen a twitter bounties campaign have just started!  this looks like an awesome project!

Good Luck Monaco!

https://bitcointalk.org/index.php?topic=1924985.0

[sanas]

If many who have not yet understood, then such a project has already carried out its sale and is below the price of the initial offer.

[hoop]

Following for future update

[kanayaTabitha]

Why now many credit card-based projects?
I have not seen any successful projects so far
Such as TokenCard, Exscudo and now MONACO, I am very pessimistic with this kind of project

[arjuna BTC]

#1 cryptocurrency payments card,,
nice idea,,
anyway 1 eth is now about $125 and this token price is 100 = I ETH
so the price for this token is more than $1 at this time ,,?

[Kris-Monaco]

Thanks for the questions, appreciated!

=====> "Myself and our development team are on top of the technology, the market and our potential customer base. But none of us have a bitcointalk account or are familiar with how crypto ICO's are traditionally conducted..."

Well, one of users Kostya put it very nicely on Monaco Slack channel:

Pinned by kostya
kostya [6:03 PM]
Tokencard: Crypto people learning how to do fintech
Monaco: Fintech people learning how to do crypto
My money is on the second.



======> The impression I got from the TKN Q&A is that they would only offer full KYC options. Will Monaco be able to offer unverified debit card options? Thanks.
Edit: Oh and TKN said they would not be able to service the US or Indian market initially. Will the Monaco card have the same initial restrictions? 

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



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