Quote from: matt@monaco on July 05, 2017, 03:14:01 AM

Quote from: mastrox92 on July 04, 2017, 04:31:46 PM

The right question is: What's the deal about the 20M left coins?

couldn't find any info!, I read here it is been holding by the MCO Team

Yes, detailed breakdown of the token pools is in the whitepaper. We modelled our Token pool structure on VC-backed companies doing IPOs. 30% went to the public, 30% is kept by the company as capital reserve for future fundraising. 25% is for the team, 10% is for future hires as a talent pool and 5% is for advisors. The reality is that building a large scale consumer brand in financial services requires world class talent, a lot of capital, time and luck. The way we structured the Token pools increases our chances of building a global business with millions of customers, who will transact billions of dollars on the platform, driving the price of MCO up for all Token holders. Back of the envelope calculation: assuming a very low of acquired CAC (customer acquisition cost) of US$30, it will cost US$150m to reach 5m customers. That's just direct cost. On top of that there is a lot of infrastructure that needs to be built to serve this kind of number of customers. It can't be done with 20 devs and no other headcount. Risk & Compliance, customer support, product, tech, marketing, finance - we're building a business and not just launching a coin. Above all, you have to remember that with this setup founding team incentives are 100% aligned with all Token holders - we all want to see Monaco at a billion dollar market cap. This is when we all win and this is what we are working towards.

Thanks Matt, very interesting...think I may start accumulating MCO as a 6 -12 month hold..keep up the good work