Post
Topic
Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
BTCMILLIONAIRE
on 31/10/2017, 20:18:46 UTC
Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.


This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000




Only if another 100k people try to get an additional 100k cards. Which they won't if the amount of tokens required stays the same (since it'll be too expensive). And if the amount of tokens goes down, the value increase will be less.
But all that aside, this was always going to be a thing from the start, on top of the share of fees.


I hope You will bring this question to the LIVE Q&A with Kris
I'm not sure when the Live Q&A is, but the question has already been redirected to Kris.