Post
Topic
Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
trumpc2016
on 01/11/2017, 08:23:33 UTC
Please dump more! Cheesy I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!

Here is some math guys!

Total: 31,587,682 tokens

For example, in 1 year time they will reach 500,000 customers. Every customer on average spends like 20'000 usd per year or less. Merchants pay 3% for all parties involved in transaction. So it's $600 usd paid by merchants from $20k spent by 1 customer.

Monaco gets 1.5% from these $600 = $9 !!!

So in BEST case scenario, they will have $4,500,000 in fees in 1 year. Asset contract promised 1% from this sum to be held.

In result we have only $45,000, fucking $45k per 1 year split by 31,587,682 tokens. How this fucking can drive price of mco up?Huh?  You are dumb people or what, or just want manipulate market and use this as excuse!!!!?Huh

Total price of mco by earnings per year held in asset contract: 0.00142460596 USD

How the fuck this can drive price?HuhHuhHuh Monaco team knows what they are doing. HOLD! For those who do not get what I wrote, then leave, this is not for you kids.

P.S. I didn't counted consumers who stop using services. This would bring asset contract 1% even lower.