Quote from: HitTheLow on July 04, 2017, 01:20:37 PM

Quote from: lordoliver on July 04, 2017, 12:15:42 PM

Quote from: somogyipeti on July 04, 2017, 12:07:07 PM

The total supply on coinmarketcap is 10 million, but in the etherscan.io site is 31 million. What is the truth 10 million or 31 million?

Circulating Supply
9,665,287 MCO

Total Supply
31,587,682 MCO

The ico sell was only 1/3rd as far as I know.

They hold lot of MCO and they are selling them on bittrex.. look at the live trades... Anyone, whenever the price rises, sells 2-3btc of mco per time...

MCO founder and his team are selling mco on bittrex, that's why the price is going down. I don't think investors sell tokens for no-profit. lol

This is an Excerpt from the Whitepaper describing it in detail

1. Monaco Card founders, advisors & future employee token pool
25% of MCO created during the creation event will be allocated to Monaco Card founders,
locked in a smart contract for 3 months
10% of MCO created during the creation event will be allocated to the Company and utilized
as a future employee token pool, to strengthen our ability to attract & retail top talent; these
tokens will be locked in a smart contract for 12 months
5% of MCO created during the creation event will be created for and granted to advisors;
these tokens will be locked in a smart contract for 3 months

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 circumstances
in the future.

There's even an example provided

During the Token Creation Event, we imagine that exactly 1,000,000 MCO are created in response to
incoming payments.
After the Token Creation event ends, the following additional MCO are created:
1,000,000 MCO for the Reserve
833,333 MCO for the Founders
333,333 MCO for the Talent Pool (future hires)
166,667 MCO for the Advisors
In total, 3,333,333 MCO are created of which 1,000,000 MCO are transferable upon the completion
of the Token Creation Event.
If at some point, $3.33 million worth of tokens are held in the Token Asset Contract, and no MCO
have been burned. Each MCO would receive $1 worth of tokens if burned.