Quote from: smithappens on November 27, 2017, 10:24:18 AM

Quote from: rajravind on November 27, 2017, 02:22:40 AM

Quote from: Ally@monaco on November 27, 2017, 02:16:01 AM

Here are a few updates we want to share in the Bitcoin Forum with the community:

1. There will be upcoming MCO listings on a few new exchanges.

Over the next few weeks there will be MCO transfers out of our smart contract address. Its associated with the upcoming MCO listings on new exchanges and covers market making / liquidity / marketing airdrops. The first one was executed an hour ago or so.

2. Our Monaco Cards' packaging is revealed. It looks chick and stunning!

https://www.youtube.com/watch?v=28cwsKAN3lc

MCO transfer out from your smart contract means the circulation of total MCO tokens increase and directly will decrease the price of each token given if the entire market cap is still the same .
If you transfer out 9M number of tokens, thats enough to bring down the price of each token to half of what it is nw .
I sold mine and return back once it reached down to around $4 each .
Liquidation of holdings means it won't take long to reach there.

https://etherscan.io/token/Monaco?a=0xf9a5e0436c01cc15708449e480fa5f2d6a5b55ca

I personally think the price will drop down to much more lower position given that dev is starting to liquidate their holdings of smart contract.

Please note that only 30k Tokens were released. The tokens are to increase liquidity when Monaco lists on the new exchanges and also for marketing/Airdrops.

30K Monaco for this isn't going to dent the price on a circulation of 9million. Plus, if used strategically I think it can have a very positive effect.

Absolutely
30k tokens won't do any dents !
But did you noticed Ally mentioned that 30k is just a 1st transfer and consequence transfers will follow soon ?