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[stupid_seb]

Can anybody explain what will be the role of MCO coin when the system is launched? Will it pay dividends or whatever? I haven't found anything in their whitepaper.

But anyway, what role will MCO token play in Monaco ecosystem?

All of the "1% transaction fees" gathered by the Monaco project are stored in a smart contract.  MCO tokens are ownership shares of that smart contract's assets.  You can burn your tokens at any time to claim your share of that smart contract.  See Section 1.4 of the whitepaper.

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

"1.4. MCO Asset Contract
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).

So basically, you make money by holding your Monaco coins !

I wonder what the possibilities are as far as users (1 million 2 million.)

How many transactions per day would they generate.

I wonder how much 1 Monaco could be worth based on the fees generated through users ?

So will be able to generate income from fees generated tommorow once the app launches.

Why wonder...use math!

Say there's 1 million Monaco card users.  Say they spend $3600 per year or around $10 per day.  That's $3.6 Billion per year.  1% of that goes to the MCO Assets smart contract as usage fees, or around $36 million.   There's roughly 34M Monaco MCO tokens.  So, bottom line....

Every million Monaco card users spending $10 per day will put a little more than a dollar per year in your pocket for every MCO token you hold.

Again, I can only agre with your maths.
I also believe that a MCO token is worth something between $1 and even maybe $3 per year .

Now: $20M tokens, on 5 years: $100M to $300M market cap. (With or without the Visa logo)

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[LaBlanj]

I bought mco at $24, then the price decreased $18. Whats ur opinions? The price goes upto $24. I would like suggestions, Hold or sell..

[PizzaSlice]

Gotta admit I'm not a trader and only hold a few mco so the price drop is a concern was hoping an still am that this coin would set me on the right path in the cryptocurrency world. All I'm hearing is bad things about mco an not experienced enough to know what's fud an what's fact I guess tomorrow will tell but if it's good news il be holding for the long term if not then il have to hold an hope it regains some in the future to minimise my losses

What did you buy at?

You shouldn't worry too much. Getting approved by visa is nothing strange really, though it is a long process. Several cards have visa approval and there is no reason why Monaco wouldn't get it.
Moving forward to when they DO release their visa card, their product is VERY similar to TenX for example, and there is no reason why they shouldn't stabilize and grow in value. The reason why you see such big fluctuations is because of the marketcap, volume and released amount of coins and the hype. Lots of people are day trading with MCO because of it. but when the card is out it will go up a lot more. Stay cool mate, don't stress.

brought at 43 then left an just checked the twitter page now and then I. Not expecting astronomical figures maybe $35-40 but like everyone else I don't like losing but if I do i won't blame anyone else for my decisions

If you leave mco with a profit, and you think it is too stressfull to see the graph swing like mco, I'd suggest that you buy in to NEO or OMG to name but two, they won't do these heavy swings every hour but they will increase slowly over time. Even leaving money on Bitcoin or Ethereum is sensible. There is a crypto currency revolution going on and new people are joining by the thousands every day all over the world. Coinmarketcap.com lists about 870 currencies now and all the new people want a piece of not too many coins, this means that most coins will increase in value over time (Demand vs Supply).

Best of luck to us both

[PizzaSlice]

I bought mco at $24, then the price decreased $18. Whats ur opinions? The price goes upto $24. I would like suggestions, Hold or sell..

Depends on how the app looks. I will hold until at least $100 if there are no bad news coming. If the card comes soon and with VISA approval it can hit $100 before the year ends. Perhaps sell a few of your mco at 50 and reinvest in something else.

Good luck.

[buddynuno]

Is MCO only partnering with VISA or with Mastercard too?

They don't partner with Visa. What are you talking about? They lied at first but after their lie exposed they removed Visa signs and texts from everywhere. They have no partnership with Visa or Mastercard.

They had their app site leaked with VISA logo on their cards.

[MKLord]

Is MCO only partnering with VISA or with Mastercard too?

They don't partner with Visa. What are you talking about? They lied at first but after their lie exposed they removed Visa signs and texts from everywhere. They have no partnership with Visa or Mastercard.

They had their app site leaked with VISA logo on their cards.

haha they are dreaming

[rajravind]

Kris said they will investigate the leak .
It means it is something true .
Think for yourself .
I am expecting the price to shoot up to $50 in a matter of days .
Don't think too much .
Just invest n wait.
Even $100 is possible in matter of months.

[PendiCoin88]

Yes and what.s with thoose BLUE BOLDED LETTERS
like you have an agenda on MCO thread ....

[Megumi143]

I would be livid if this guy caused me to sell and then on the launch it pops backup and surpasses everything

Take snapshots of the board for your records


 

And Mco does not pre form anything. 😂

[autolove2]

Investors received their cards already? Are there some of investors with working cards right now?

[rajravind]

Well, the sell order is not that much actually .
Just ard 751 BTC even at 0.007 .
If those owners decide to be static for a day or 2, we could easily reach that level given of our existing volume of > 10k BTC
At the end , it is a about cooperation.

U guys should try to stop selling or placing huge sell orders and we will see this magic .
Based on current situation, whales r still keeping the price down .
So, for small fishes, pls ignore the FUDs and stay strong .


Btw, i did placed certain buy order at 0.003
I hope u all can keep selling until it reaches till that amt .
 

[secdark]

Well, the sell order is not that much actually .
Just ard 751 BTC even at 0.007 .
If those owners decide to be static for a day or 2, we could easily reach that level given of our existing volume of > 10k BTC
At the end , it is a about cooperation.

U guys should try to stop selling or placing huge sell orders and we will see this magic .
Based on current situation, whales r still keeping the price down .
So, for small fishes, pls ignore the FUDs and stay strong .


Btw, i did placed certain buy order at 0.003
I hope u all can keep selling until it reaches till that amt .
 

Thanks for the advice pal. Im planning to sell my mco now but because of your statement im holding it again and lets hope it would reach up to 0.007 =) im happy with that price because I really need money right now. By the way now is the launching of the app right? Lets see what will happen in the price as I could see in sell orders there a lot of blocks upon rising the price again

[Megumi143]

Well, the sell order is not that much actually .
Just ard 751 BTC even at 0.007 .
If those owners decide to be static for a day or 2, we could easily reach that level given of our existing volume of > 10k BTC
At the end , it is a about cooperation.

U guys should try to stop selling or placing huge sell orders and we will see this magic .
Based on current situation, whales r still keeping the price down .
So, for small fishes, pls ignore the FUDs and stay strong .


Btw, i did placed certain buy order at 0.003
I hope u all can keep selling until it reaches till that amt .
 

Everyone could literally raise the ask prices to what you want ! And that's what the price would be.

If everyone raised it to .01 then the price would be .01

If every one just raised there prices and wait then the price would go up

There are people literally putting in orders for thousands just raise your prices

I can't believe people don't raise the price there are orders in the thousands and no one is raising.

If everyone raises the price goes up

[thelema93]

LEAK:

[debrik]

explain the essence of what he writes? I am weak in English:)

[thelema93]

explain the essence of what he writes? I am weak in English:)

basically same as they've always said .... Visa announcement will come when they are ready and they're not going to say anything else about it until it's ready.
in my opinion..... nothing to worry about. no scam, no tricks. they are doing exactly what they always said.

[secdark]

explain the essence of what he writes? I am weak in English:)

basically same as they've always said .... Visa announcement will come when they are ready and they're not going to say anything else about it until it's ready.
in my opinion..... nothing to worry about. no scam, no tricks. they are doing exactly what they always said.

So whats your thoughts about it ? Will the app release then we could see the price climb up up to the moon ? Or it dumps? Im patiently waiting for the price right now . I wanna know your tips and suggestions about the price of mco ?

[stupid_seb]

explain the essence of what he writes? I am weak in English:)

basically same as they've always said .... Visa announcement will come when they are ready and they're not going to say anything else about it until it's ready.
in my opinion..... nothing to worry about. no scam, no tricks. they are doing exactly what they always said.

So whats your thoughts about it ? Will the app release then we could see the price climb up up to the moon ? Or it dumps? Im patiently waiting for the price right now . I wanna know your tips and suggestions about the price of mco ?

$300M mcap based on the market size, their business model and a 10x PER.
$20M tokens (cruise, 10M today)

Do the math

[rajravind]

Well, the sell order is not that much actually .
Just ard 751 BTC even at 0.007 .
If those owners decide to be static for a day or 2, we could easily reach that level given of our existing volume of > 10k BTC
At the end , it is a about cooperation.

U guys should try to stop selling or placing huge sell orders and we will see this magic .
Based on current situation, whales r still keeping the price down .
So, for small fishes, pls ignore the FUDs and stay strong .


Btw, i did placed certain buy order at 0.003
I hope u all can keep selling until it reaches till that amt .
 

Thanks for the advice pal. Im planning to sell my mco now but because of your statement im holding it again and lets hope it would reach up to 0.007 =) im happy with that price because I really need money right now. By the way now is the launching of the app right? Lets see what will happen in the price as I could see in sell orders there a lot of blocks upon rising the price again

Well, u can try to sell off to get back ur capital ard 0.008 ~ 0.01
And leave some for your future .
App gonna go LIVE in matter of hours.
Whales r stocking up now by trying to bring down the price bcos they knew whats coming next
We will witness new ATH soon

Well, the sell order is not that much actually .
Just ard 751 BTC even at 0.007 .
If those owners decide to be static for a day or 2, we could easily reach that level given of our existing volume of > 10k BTC
At the end , it is a about cooperation.

U guys should try to stop selling or placing huge sell orders and we will see this magic .
Based on current situation, whales r still keeping the price down .
So, for small fishes, pls ignore the FUDs and stay strong .


Btw, i did placed certain buy order at 0.003
I hope u all can keep selling until it reaches till that amt .
 

Everyone could literally raise the ask prices to what you want ! And that's what the price would be.

If everyone raised it to .01 then the price would be .01

If every one just raised there prices and wait then the price would go up

There are people literally putting in orders for thousands just raise your prices

I can't believe people don't raise the price there are orders in the thousands and no one is raising.

If everyone raises the price goes up

We did observe a short rise.
I believe some choose to cooperate .
Anyhow, whales r here as well.
They will do anything to bring it down for now .
Thus, keep on strong and hold it !!

explain the essence of what he writes? I am weak in English:)

His final message is " Hold in tight & strong , the best yet to come "

[Megumi143]

Well, the sell order is not that much actually .
Just ard 751 BTC even at 0.007 .
If those owners decide to be static for a day or 2, we could easily reach that level given of our existing volume of > 10k BTC
At the end , it is a about cooperation.

U guys should try to stop selling or placing huge sell orders and we will see this magic .
Based on current situation, whales r still keeping the price down .
So, for small fishes, pls ignore the FUDs and stay strong .


Btw, i did placed certain buy order at 0.003
I hope u all can keep selling until it reaches till that amt .
 

Thanks for the advice pal. Im planning to sell my mco now but because of your statement im holding it again and lets hope it would reach up to 0.007 =) im happy with that price because I really need money right now. By the way now is the launching of the app right? Lets see what will happen in the price as I could see in sell orders there a lot of blocks upon rising the price again

Well, u can try to sell off to get back ur capital ard 0.008 ~ 0.01
And leave some for your future .
App gonna go LIVE in matter of hours.
Whales r stocking up now by trying to bring down the price bcos they knew whats coming next
We will witness new ATH soon

Well, the sell order is not that much actually .
Just ard 751 BTC even at 0.007 .
If those owners decide to be static for a day or 2, we could easily reach that level given of our existing volume of > 10k BTC
At the end , it is a about cooperation.

U guys should try to stop selling or placing huge sell orders and we will see this magic .
Based on current situation, whales r still keeping the price down .
So, for small fishes, pls ignore the FUDs and stay strong .


Btw, i did placed certain buy order at 0.003
I hope u all can keep selling until it reaches till that amt .
 

Everyone could literally raise the ask prices to what you want ! And that's what the price would be.

If everyone raised it to .01 then the price would be .01

If every one just raised there prices and wait then the price would go up

There are people literally putting in orders for thousands just raise your prices

I can't believe people don't raise the price there are orders in the thousands and no one is raising.

If everyone raises the price goes up

We did observe a short rise.
I believe some choose to cooperate .
Anyhow, whales r here as well.
They will do anything to bring it down for now .
Thus, keep on strong and hold it !!

explain the essence of what he writes? I am weak in English:)

His final message is " Hold in tight & strong , the best yet to come "

Whatever price you want just ask change your ask to that price if everyone follows we will all get the price we want.


Let the buyers chase the price


Every one tommorow ! Change your price to .01 by 10:30 and wait for the sellers to chase it