I think the MCO team (or crypto.com team or whatever) just aren't across how a lot of people think in crypto.
The $26 million in funds they received was to deliver a particular project. Instead of using those funds to deliver that project, they (at least partially) used those funds to develop a different project, and are on-selling this new project CRO tokens, and giving MCO investors a small slice.
I get that they are selling those CRO tokens to develop CRO, but the timing is just awkward when only a handful of people in Singapore have cards. At least wait until a large group of people have cards, before redirecting efforts to a new project using ICO funds.
The Monaco "team" are using the alleged sending of 10 VISA cards to customers in Singapore as a major breakthrough when it is really a major failure after 19 months since the ICO ended with $26 million to play with.