Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card

How does the 'committment' works techincally? What happens if I reserve a Red Card... when and how the 6 months committment of MCOs token start? Is it safe?

It will be done with an Ethereum smart contract. The Ethereum blockchain itself is acting as escrow. Monaco is actually using one of the core capabilities of Ethereum to boost their own token price. Brilliant.

I hope they get somebody besides TokenMarket to write the smart contract, though....

And what happens TODAY if you reserve for example "Red Card"? Can you change your mind? When is it expected the 'committment'?

I first ordered a blue card. Got my spot in the que #1099. I then changed my mind and ordered the ruby steel card. My number in the que stayed the same and i will be sent a ruby card now. I have yet been promted to store 50mco. So you guys could order a ruby and get the 50 mco soon to then place in the smart contract.

What is the "store" procedure?

From what i have seen so far there isnt any where to send the tokens to be locked up as of yet. (Someone correct me if i am wrong) but Im sure the details will be sent through the app closer to the time we recieve our cards.

Thanks a lot. It is actually possibile to change card reservation without loosing queue position. Same here, procedure is still not available.