Post
Topic
Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
Chikako
on 01/06/2017, 22:39:51 UTC
Only 30% sold during ICO, how will the other 70% come into the circulation?

For every MCO token sold during ICO, there are also 2.33 other MCO tokens created that are in a lockup at launch.  Founder/advisor  (0.833 / 0.166 tokens) release after 3 mo, talent pay (0.333 tokens) comes in after 12 mo, project treasury reserve (1 token) may never be cashed in at all...

Thanks for this info! So a big dump can be expected after 3 months. No thanks, will not join this one.

Yeah, basically there is a big stack under their control, I would say an 'excess' of coins, it wasn't needed so many funds that's why the ico is for.