Hi all. I've just started posting on steemit, and decided to make an article about Monaco!
I've gone through what you should consider in holding MCO, how we got here, and whether you should buy more MCO if you have about 50, and are thinking of making the plunge to 500 MCO to get the Metal Card.
https://steemit.com/cryptocurrency/@hassy/monaco-card-should-you-buy-more-tokens-the-real-value-of-mco
Would love to know your thoughts either through here or on the blog itself
I really enjoyed writing it and getting my thoughts down.
I've gone through what you should consider in holding MCO, how we got here, and whether you should buy more MCO if you have about 50, and are thinking of making the plunge to 500 MCO to get the Metal Card.
https://steemit.com/cryptocurrency/@hassy/monaco-card-should-you-buy-more-tokens-the-real-value-of-mco
Would love to know your thoughts either through here or on the blog itself
I really enjoyed writing it and getting my thoughts down.Quote
*Some people will be able to get the Obsidian Black for a whopping 50,000 MCO, but that looks to be more for early ICO investors who got in cheap with a limit of 999 Cards. For most people that is now out of the question even at the lower MCO prices - so we'll leave that to the side for simplicity.
How much were MCO ICO initial price? $1+USD?You can try to read again the price in whitepaper or other reports after crowdsale in medium blog.
My memory is not good
.Yeah given it was in eth, the conversion for the average price for 1 MCO was $2.88 according to Monaco's twitter - it would've depended on when you bought if converting to a USD price.
Also under Monaco's faq - under the heading 'are black cards still available', they say they have a very limited quantity still available ('limited quantity' is nice and ambiguous, are we talking 10 cards or 200?)
My guess is that once cards are actually rolling out in Asia and Europe more broadly, the remaining will be snapped up.
This could depend on what else you get with locking up 50,000 MCO for the Black card, compared to the cheaper 500 MCO Metal (even if it is only a six month lock up and you get them back). However since there is a limit of 999, I don't think Monaco will (or should) focus on increasing value for the 50,000 Black card, and should focus on the value proposition between the 50 MCO Ruby, and the 500 MCO Metal (which is part of what I go through in the blog).