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TheHas
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November 25, 2018, 11:04:26 AM |
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This is very scammy, I sold the minute it was announced.
You're basically issuing new money, money that only 10% will be distributed to MCO holders, and even the few of them that are qualified for it have to hold their MCO tokens in your wallet.
Of course the new token will take value from MCO's value which now looks it took a bit.
Congrats on fucking over even the last people supporting you.
This is one of the greatest scams I've seen.
I don't think you understand the project Yeah, but I do understand the markets and seeing how they perform today all I can say is. Hey, it's all cool, I'm just a happy camper now.  I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto. The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice. I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds. |
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magisterr
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November 25, 2018, 11:21:08 AM |
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I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto.
The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice.
I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds.
Really? They creating next ICO while didnt deliever first product? If this true, this is pyramid and scam... Is this the same project which you mentioted? They have CRO token symbol, but seems they have another team members... https://icobench.com/ico/cronuscoin |
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JollyGood
Legendary
 Online
Activity: 2534
Merit: 1714
Top Crypto Casino
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November 25, 2018, 12:45:10 PM |
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I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto.
The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice.
I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds. The Monaco "team" are using the alleged sending of 10 VISA cards to customers in Singapore as a major breakthrough when it is really a major failure after 19 months since the ICO ended with $26 million to play with. |
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peterlustig
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The Fourth Generation of Blockchain in DeFi
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November 26, 2018, 04:45:12 AM |
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I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto.
The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice.
I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds.
Really? They creating next ICO while didnt deliever first product? If this true, this is pyramid and scam... Is this the same project which you mentioted? They have CRO token symbol, but seems they have another team members... https://icobench.com/ico/cronuscoinI might be wrong but I don't think they will run an ICO for the CRO coins. In the whitepaper, it says secondary distribution only. |
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Yvonne_Crypto
Copper Member
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Activity: 44
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November 26, 2018, 06:49:54 AM |
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This is very scammy, I sold the minute it was announced.
You're basically issuing new money, money that only 10% will be distributed to MCO holders, and even the few of them that are qualified for it have to hold their MCO tokens in your wallet.
Of course the new token will take value from MCO's value which now looks it took a bit.
Congrats on fucking over even the last people supporting you.
This is one of the greatest scams I've seen.
I don't think you understand the project Yeah, but I do understand the markets and seeing how they perform today all I can say is. Hey, it's all cool, I'm just a happy camper now. I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto. The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice. I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds. We know there are lots of thoughts around Crypto.com Chain. Just want to share that the team is committed to a global rollout of our MCO Visa Cards and there are no changes on our roadmap, and as equally important - the MCO token utility remains the same. The Crypto.com Chain will allow Crypto.com Wallet users to pay with any crypto, anywhere, for free. This is groundbreaking and improves the value proposition and usability of Crypto.com products. This is also currently a critically missing piece of infrastructure and is 100% in line with our mission to accelerate the world's transition to cryptocurrency. The team is looking to build something great that will impact the entire industry. We understand the market is not doing well right now, but we don't stop just because the market is down. We will continue to focus and work on shipping cards, improving the app, adding new features; and now building Chain. |
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TheHas
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November 26, 2018, 07:58:46 AM |
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I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto.
The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice.
I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds.
We know there are lots of thoughts around Crypto.com Chain. Just want to share that the team is committed to a global rollout of our MCO Visa Cards and there are no changes on our roadmap, and as equally important - the MCO token utility remains the same. The Crypto.com Chain will allow Crypto.com Wallet users to pay with any crypto, anywhere, for free. This is groundbreaking and improves the value proposition and usability of Crypto.com products. This is also currently a critically missing piece of infrastructure and is 100% in line with our mission to accelerate the world's transition to cryptocurrency. The team is looking to build something great that will impact the entire industry. We understand the market is not doing well right now, but we don't stop just because the market is down. We will continue to focus and work on shipping cards, improving the app, adding new features; and now building Chain. I know you say that the roadmap is unchanged, but it is probably on about its fourth iteration, so I don't hold much stock in a commitment to stick to a roadmap since the company is so willing to change it! On your point about MCO utility - it only has any utility if you have cards. Right now that is a handful of people in Singapore. I'm sure the Crypto chain could be great - my point is just that the company keeps misreading the community and overstates how close they are to meeting objectives, and then is surprised that people are annoyed (and price MCO at $2 usd). I mean, cards aren't out there in bulk - how did you think the community would react to hear that you're spending funds on a different project instead of what was in your original (and new) roadmap? Reminds me of the asset contract removal debacle from about a year ago. Seriously, if you haven't delivered on your core commitment of cards, then why do you think people are sceptical that you'll deliver Crypto chain that has a 5-10 year delivery horizon by your own estimation? I'd strongly suggest waiting on a meaningful distribution of cards before promoting all the great side projects you've got going on, which are presumably funded by the ICO that was meant to deliver crypto cards. |
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Yvonne_Crypto
Copper Member
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Activity: 44
Merit: 0
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November 26, 2018, 08:16:59 AM |
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I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto.
The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice.
I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds.
Really? They creating next ICO while didnt deliever first product? If this true, this is pyramid and scam... Is this the same project which you mentioted? They have CRO token symbol, but seems they have another team members... https://icobench.com/ico/cronuscoinI might be wrong but I don't think they will run an ICO for the CRO coins. In the whitepaper, it says secondary distribution only. Yes that is correct, please see whitepaper (page 24 onwards) - https://www.crypto.com/images/chain_whitepaper.pdf |
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Yvonne_Crypto
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Activity: 44
Merit: 0
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November 26, 2018, 08:59:33 AM |
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I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto.
The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice.
I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds.
Really? They creating next ICO while didnt deliever first product? If this true, this is pyramid and scam... Is this the same project which you mentioted? They have CRO token symbol, but seems they have another team members... https://icobench.com/ico/cronuscoinHi there, we are not creating the next ICO. Please read the Crypto.com Chain whitepaper to understand more about the project - https://www.crypto.com/images/chain_whitepaper.pdf |
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Yvonne_Crypto
Copper Member
Newbie
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Activity: 44
Merit: 0
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November 26, 2018, 09:09:37 AM |
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I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto.
The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice.
I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds.
We know there are lots of thoughts around Crypto.com Chain. Just want to share that the team is committed to a global rollout of our MCO Visa Cards and there are no changes on our roadmap, and as equally important - the MCO token utility remains the same. The Crypto.com Chain will allow Crypto.com Wallet users to pay with any crypto, anywhere, for free. This is groundbreaking and improves the value proposition and usability of Crypto.com products. This is also currently a critically missing piece of infrastructure and is 100% in line with our mission to accelerate the world's transition to cryptocurrency. The team is looking to build something great that will impact the entire industry. We understand the market is not doing well right now, but we don't stop just because the market is down. We will continue to focus and work on shipping cards, improving the app, adding new features; and now building Chain. I know you say that the roadmap is unchanged, but it is probably on about its fourth iteration, so I don't hold much stock in a commitment to stick to a roadmap since the company is so willing to change it! On your point about MCO utility - it only has any utility if you have cards. Right now that is a handful of people in Singapore. I'm sure the Crypto chain could be great - my point is just that the company keeps misreading the community and overstates how close they are to meeting objectives, and then is surprised that people are annoyed (and price MCO at $2 usd). I mean, cards aren't out there in bulk - how did you think the community would react to hear that you're spending funds on a different project instead of what was in your original (and new) roadmap? Reminds me of the asset contract removal debacle from about a year ago. Seriously, if you haven't delivered on your core commitment of cards, then why do you think people are sceptical that you'll deliver Crypto chain that has a 5-10 year delivery horizon by your own estimation? I'd strongly suggest waiting on a meaningful distribution of cards before promoting all the great side projects you've got going on, which are presumably funded by the ICO that was meant to deliver crypto cards. I am not sure if you fully understand this - again our commitment towards MCO remains, Crypto.com Chain is a separate project. There’s more to the MCO token utility than just cards. Please take a look - https://www.reddit.com/r/Crypto_com/comments/9pi4xp/benefits_of_staking_mco_tokens_as_a_reminder/In the latest Q&A, our CEO Kris addressed on the reason why we have to introduce the project now - https://twitter.com/cryptocom/status/1065985645183565824We encourage you to join our community channels for latest updates  |
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JollyGood
Legendary
Online
Activity: 2534
Merit: 1714
Top Crypto Casino
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November 26, 2018, 11:07:22 AM
Last edit: November 26, 2018, 01:43:58 PM by JollyGood |
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I am not sure if YOU fully understand this..... Failed CEO Kris Marszalek and his "team" now concentrating on "crypto.com chain" without giving 100% to make Monaco VISA card a success. They had $26 million for over 19 months and they sent out 10 cards to Singapore residents. They have nothing else to show for it except for more promises of EU/USA cards coming soon  And the only way that failed CEO Kris Marszalek and his "team" can start planning on "crypto.com chain" is because they have used the Monaco ICO funds to cover expenses. Shame on failed CEO Kris Marszalek and shame on his "team" and you shame on you too Yvonne_Crypto because you all are lairs |
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Jeremy2017
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November 26, 2018, 01:43:20 PM |
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LOL.The company that can't even do automated withdrawals on their app is going to build a revolutionnary chain.
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mummybtc
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November 26, 2018, 03:34:37 PM |
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What I think then is now coming to pass, when most of these ICOs with card payment ideas were popping up I said Visa is not stupid to help their rival succeed and that seems to be the way things are now. Tokencard and TenX are in thesame problem. I personally don't know how these issues will be solved and if not I see these projects die
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JollyGood
Legendary
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Activity: 2534
Merit: 1714
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November 26, 2018, 04:06:48 PM |
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LOL.The company that can't even do automated withdrawals on their app is going to build a revolutionnary chain. Failed CEO Kris Marszalek and his "team" now concentrating on "crypto.com chain" without giving 100% to make Monaco VISA card a success. They had $26 million for over 19 months and they did nothing except ship out a few cards to a few people in Singapore. How can they move on to other things without even completing the "whole" Monaco project by getting cards in to all major territories when $26 million in the ICO was taken? Failed CEO Kris Marszalek and his "team" wasted millions on buying the crypto.com domain and spent lavishly on their travels while "testing" the cards and spent lavishly on their Singapore office and on their staff. Shame on failed CEO Kris Marszalek and his "team" |
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addicto
Legendary
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Activity: 1526
Merit: 1012
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November 26, 2018, 07:37:03 PM |
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LOL.The company that can't even do automated withdrawals on their app is going to build a revolutionnary chain. Failed CEO Kris Marszalek and his "team" now concentrating on "crypto.com chain" without giving 100% to make Monaco VISA card a success. They had $26 million for over 19 months and they did nothing except ship out a few cards to a few people in Singapore. How can they move on to other things without even completing the "whole" Monaco project by getting cards in to all major territories when $26 million in the ICO was taken? Failed CEO Kris Marszalek and his "team" wasted millions on buying the crypto.com domain and spent lavishly on their travels while "testing" the cards and spent lavishly on their Singapore office and on their staff. Shame on failed CEO Kris Marszalek and his "team" These are the facts which can't be denied when dev still failed to provide what future will bring to towards this. Crypto card was the main idea of this project but still no action taken from SEC against them and we are in in trouble because of this delay. |
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Dimosscolorist
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November 26, 2018, 07:57:23 PM |
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I'm shocked. They probably made 10 cards, and they think that this can be presented as fulfilling conditions. But this is not the fulfillment of conditions, it is a failure. They are obliged to do everything as promised, or this team is unworthy of any trust from the community.
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Yvonne_Crypto
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November 27, 2018, 02:03:23 AM |
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I'm shocked. They probably made 10 cards, and they think that this can be presented as fulfilling conditions. But this is not the fulfillment of conditions, it is a failure. They are obliged to do everything as promised, or this team is unworthy of any trust from the community.
We did not claim that we have fulfilled the conditions. This is still a work in progress, the team is still committed to a global rollout of our cards. |
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JollyGood
Legendary
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Activity: 2534
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November 27, 2018, 02:04:34 AM |
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These are the facts which can't be denied when dev still failed to provide what future will bring to towards this. Crypto card was the main idea of this project but still no action taken from SEC against them and we are in in trouble because of this delay. Maybe the SEC will shut down failed CEO Kris Marszalek and his Monaco "team"  |
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Amadeus82
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November 27, 2018, 09:35:07 AM |
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These are the facts which can't be denied when dev still failed to provide what future will bring to towards this. Crypto card was the main idea of this project but still no action taken from SEC against them and we are in in trouble because of this delay. Maybe the SEC will shut down failed CEO Kris Marszalek and his Monaco "team" I wonder how is this project even still alive with so many broken promises and obviously being a scam? |
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JollyGood
Legendary
Online
Activity: 2534
Merit: 1714
Top Crypto Casino
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November 27, 2018, 11:30:44 AM |
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These are the facts which can't be denied when dev still failed to provide what future will bring to towards this. Crypto card was the main idea of this project but still no action taken from SEC against them and we are in in trouble because of this delay. Maybe the SEC will shut down failed CEO Kris Marszalek and his Monaco "team" I wonder how is this project even still alive with so many broken promises and obviously being a scam? Maybe failed CEO Kris Marszalek and his Monaco "team" will get what they deserve when the law enforcement agencies come knocking the door, or breaking it down  These scammers first took over $26 million in the ICO then took over 18 months after that just to get their cards in the hands of a few people in Singapore. Now instead of trying to get the cards out all over the world (highly unlikely), they are now working on their "own chain". These scammers could not even get their VISA business correctly launched so how can they start and run their own chain? SCAM !! |
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Piston Honda
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Juicin' crypto
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November 27, 2018, 03:25:45 PM |
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These are the facts which can't be denied when dev still failed to provide what future will bring to towards this. Crypto card was the main idea of this project but still no action taken from SEC against them and we are in in trouble because of this delay. Maybe the SEC will shut down failed CEO Kris Marszalek and his Monaco "team" ERMEHGERD MERNERCO COIRRRNNN!!! lol yeah hope they do, would be nice and well suited for the SEC to shut this shit down, amongst 100's of other shit vaporware coin "projects" maybe they can record the bust and put it up on youtube haha. |
$ADK ~ watch & learn...
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