Quote from: samVE on November 01, 2017, 08:48:25 AM

Quote from: trumpc2016 on November 01, 2017, 08:23:33 AM

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? Huh

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.

At least when you do math, do correct math.

In the whitepaper it states:

Quote

MCO Asset Contract accrues a 1% licensing fee on
transactions using the Monaco Card funded with
ETH/BTC, as well as exchange transactions between
ETH/BTC and fiat currencies. Over time MCO will be
backed by a portfolio of the most popular ERC20
tokens. MCO holders will be able to access the
portfolio through a mechanism called REDEEM &
BURN (see 1.6).
Fees from card swipes will be denominated in the
token being used to fund the swipe (ETH or BTC at
launch). These fees will be sent directly to the MCO
Asset Contract. Over time, this contract will accrue
tokens in proportion to the usage of the Monaco Card
& App globally.

so 1% of total transaction volume goes into the asset contract (as well as exchange transactions, but I'll leave that for now)

If I use the numbers you added up, the math goes as follows:

Users: 500,000
Volume per user: 20,000 (a bit steep tbh, but for now I'll use your example)

So total volume will be 10,000,000,000 usd in a year. 1% of that goes into the asset contract.

So that means 100,000,000 in the asset contract with those numbers.

Circulating supply is 9,814,875 tokens, which would add a value of 10,19$ per token. Keep in mind that is year one, and price will increase over the years.

This is not even taking in account token burn that would occur anytime someone takes from the asset pool

Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:

We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monacos share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.