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Do you guys think any serious announcement will be posted tomorrow?
maybe they will issue a second token which will specifically be for asset contract (and won't affect MCO listing on exchanges due to security regulations).. I know NEO has two tokens (NEO and GAS) so why not Monaco??But this would then also make me wonder about VISA. Wouldn't they do their due diligence and try everything they can to not partner with a company that might get sued for shady operations?
Visa is not legally liable if MonaCo ends up deliberately manipulating the token price (which I am not saying they will, but they definitely can with the current model).Despite my responses, I actually like the idea of the card. I'm just not going to let shills post bullshit and make it appear as if everything is rainbows and unicorns in here when it clearly isn't. And right now there's a massive problem with the removal of the asset contract, which so far still doesn't have any replacement solution, as well as the issue with the card reservation once the token price gets too high for normal people to care.
I agree with you but still it is a bit weird how the whole process is going. You would expect VISA to be very careful before engaging in contracts with a crypto startup like this one. But who knows maybe they don't even care as much as we would think.
By the way, with 20000 cards and an average of $1000 transaction volume per year, that would make the dividend of a single token $0.7 per year.
And that's only the amount of cards that was ordered since the ICO. At the same rate there should be more than 100k cards at the end of next year, so each token would give a yearly dividend of more than $3.5 per year. Imagine you bought 10k tokens at $2 for $20,000, then you would be getting $35,000 for your investment every year from 2019.
And this number would grow very quickly as the amounts of cards increase. If cards kept getting ordered at the same rate, in 2020 the same investment would return $70,000 in dividends, and in 2025 the dividend would be $245,000. In 2030 this would be more than $500,000 per year. So in total we'd get a return of at least $2,730,000 at the end of 2030 out of a $20,000 investment with at least $500,000 of extra income per year from that point onward.
And in reality the amount of cards should be going up much faster because of active marketing, which so far MonaCo didn't really do.
Dividends?
No.
Super-speculative.
I think Kris said the math works out for token holders because of token scarcity once card volumes increase (best card in market for travelers, and crypto users, MCO required as transfer mechanism)...not sure if they will do dividends because of securities laws.
Here's an example since you guys don't seem to be capable of Math.
Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.
Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).
Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.
This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.
Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.
Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).
Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.
This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.
have to agree , this coin got me for $1,500 yesterday just in the time I took a walk with my kids... my fault for forgetting to set a stop. It wont burn me again
https://www.youtube.com/watch?v=VjOL8rOC0o0
That example doesn't hold unless there's >100k new cards every year forever. Once the amount of new users starts stagnating the token value will dump. And that's ignoring long-term investors who were specifically waiting for Billions of annual revenue 5 to 10 years down the line.
It's simply not true that the new model (which is the old model minus sharing revenue with investors/token holders) is "mathematically proven" to be better. It's mathematically obvious that it's worse and such a gross misrepresentation of the Mathematics of this issue shows either a complete lack of competence, a lack of rigor, or a complete lack of honesty.
Everything else so far is just smooth talking aching to cold call insurance sellers.
And I didn't even get started about the massive risk for extreme market manipulation once the supply gets too small to fulfill orders. The amount of tokens required for reserving cards will have to be adjusted, which will have a massive impact on the price. And we all know whose interests centralized authorities usually satisfy in those situations: their own.
This token will only appeal to those who value relationship with established financial system. The platinum card product benefits as advertised will drive growth of card usage and will be valuable for card holders. If i'm understanding correctly, the value for token holders only (with no card) will be linked to the value of other crypto + fiat used in the exchange rate process. MCO coin is an intermediary 'tool' to enable purchase in store and online at Visa merchants with no fees for crypto or forrex. The savings plus the cashback will drive usage. I would also expect future In-App features (like Android/Apple Pay/Paypal). I see this market be mading up of 1) people who earn revenue via crypto, 2) frequent travelers 3) people who love collecting points / rewards (above 50% of Visa customers don't carry a balance and transactors who use the cards for convenience and points...most Platinum cards have annual fees ~$120 plus the forrex and ATM fees etc.
Seems like a big market. Looking forward to the first card usage reviews in Asia.
If VISA is really approved. I am sure it will up 50x from now. Can't wait. But, is the news really next week? 
Not sure, VISA could still block this deal I guess. A lot of legal work.
Why does anyone actually care what happens with visa?
Visa is not a card issuer only a processor. They can not and have never had anything to do with cards issuing, only processing.
To issue cards without a partner one requires a banking licence which is nothing to do with visa- rather the fca or local equivalent
I could think of a scenario where VISA would block a card issuer that doesn't work by the rules.
Yes, I have worked with several Visa banks in my career, and they have a very formal Regulations process (with penalties for violation etc). For On-Boarding they would definitely need all local financial rules satisfied (whether MCO goes through 3rd party, or gets its own banking license).
Something else to consider: some of the big Visa/MC Issuers may try and put pressure to ensure things are 'not too easy' for MCO...if you listen to Kris on podcasts etc, he wants to be the premier Card Product especially for people who travel a lot. This will cut into some of the $$$ of the competition (who make a something like 2.5% from their customers on every foreign currency transaction)
When BTC takes 10 mins to transfer, how does the Visa transfer get done? Middleman?
they probably will use their MCO 'native' coin as the middle man...but I remember they said you can keep both fiat and crypto in the wallet.A question for Monaco Team:
I've reserved a Spacegray Monaco card, so I've to hold 500 MCO for 6 month... Where I have to hold it?
And another question.. When I will receive my card? after 6 months? so maybe is better if I order a Midnightblue card first and after I receive it, order the other one?
I've reserved a Spacegray Monaco card, so I've to hold 500 MCO for 6 month... Where I have to hold it?
And another question.. When I will receive my card? after 6 months? so maybe is better if I order a Midnightblue card first and after I receive it, order the other one?
Why not get two cards?
anyone know why the website and app are having issues? Getting slow load or cloudflare on https://www.mona.co/, and also unable to log into app anymore 
I think this month will be quiet for Monaco. But, If they can actually deliver next month VISA or Plain debt cards, I think we will see a huge price spike.
So, invest or sign up for the cards now guys.
I signed up for the card along with the other 11k folks who signed up for this sexy card.
So, invest or sign up for the cards now guys.
I signed up for the card along with the other 11k folks who signed up for this sexy card.
More precisely when did the Monaco team said they will get Visa approval? Wasn't september?
It's on their roadmap of next steps (in the app) for September.
Re: [BTS] Bitshares #1 Fastest Crypto, Tokens, DEX, ICO's platform ಠ_ಠ (unofficial)
how about openledger ? will it be safe to hold fund and token during hardfork ?
I thought it was part of the ecosystem, so why would there be any risk from harkfork? It's a planned upgrade I thought.http://coins.billionherocampaign.com/ref/i9036003
Definitely buying more MCO. Only way it can go rn is up ! And also a great interview that's what we needed, to give nonbelievers some hope and reason to believe. Let's GO MCO !!!!!!!!! 
what interview?VISA ann coming soon , the number of cards' order increasing frm day to day
Expecting to hit 10k within this few days
The price of MCO wont ever go down again as people r stocking up to benefit frm this gain .
Expecting to hit 10k within this few days
The price of MCO wont ever go down again as people r stocking up to benefit frm this gain .
anyone know how can we make use of referral program? the link is not coming up when i try via inside the app. Any thoughts?
What was that 1% on every transaction. There were rumours before, but now I can't seem to find this info (maybe I'm getting blind 
). If the 1% is still in the game - how does it work, since some card versions give 0,75% cashback?
). If the 1% is still in the game - how does it work, since some card versions give 0,75% cashback?1% is how much you get CHARGED for every transaction
They are no longer charging the 1% to users - the 1% will come from the merchant interchange/payment fees. The funds go into the asset contract. You can see this confirmed on website FAQ and here: https://medium.com/@monaco_card/monaco-dev-update-cryptocurrency-in-every-wallet-part-1-c2b5c847d151
What was the price of Monaco in ICO?
I believe the token sale had 100 MCO per ETH (after discount period)
Cards will be available in more regions as they roll out, I heard Asia first, then EU. Local bank regulations will need to be complied with (KYC etc).
"It's the dawn of a new economy." - Anonymous Banker
https://www.crypto-games.net?i=D5YgPEUOzL
"It's the dawn of a new economy." - Anonymous Banker
https://www.crypto-games.net?i=D5YgPEUOzL
I am wondering will it go up more when the app comes out or is this going to be another high before a dump? I am wondering because I was thinking to purchase a few more tokens. I do not have that many but I was hoping to procure more.
If the application gets released its a partial working product.
The rise atm is purely based on speculation.
If the app releases i expect that the price will rise even more and get stable at a higher price.
as per email they sent to registered black card holders, a link will be emailed on Aug 31 to download App and start process of getting the plastic card.
Which are Monaco's competitors? Where can I see a chart or a table which compares monaco to others.
Spending the cryptocurrencies besides only bitcoin through credit/debit cards seems a new innovation in the cryptoworld
Didn't know that now it's possible to spend Altcoins through cards.
Tenx, nexus and centra.Spending the cryptocurrencies besides only bitcoin through credit/debit cards seems a new innovation in the cryptoworld
Didn't know that now it's possible to spend Altcoins through cards.