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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.

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*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?

If I am not mistaken, the ICO price of Monaco token is 1 MCO = 2.88 USD.
You can try to read again the price in whitepaper or other reports after crowdsale in medium blog.
My memory is not good Tongue

.

Wished the MCO tokens required for locked up in order to receive the next tier of card would be more dynamic pricing. The ruby card for example would require $325USD currently (at the rate of 6.5) while only $144USD previously.

Really? I thought that was still quite cheap and a pretty good deal.

I mean an American express card you pay around 100 to 150 per year for. A visa is between 75 to 180 depending on which card you get.

The Monaco card outdoes these cards in terms of features. But the biggest catch is.. you lock the tokens up for 6 months. Then you get them back.

With a normal visa or American express card you pay an annual fee every year. And don't get that money back.

Besides I'm sure it'll get more expensive. And it should. Once they prove themselves as a top tier player they can afford to charge top dollar.

But hey if you don't like it you don't have to get one. Or just get a blue card.

I remember some time after app release they featured Ruby Steel card with its approximate cost of USD 800. Now, they probably have removed this price (haven't this for a while) but still I think that is the price they consider acceptable for this type of card.

Ruby Steel requires a deposit of 50 MCO - this hasn't changed since the cards were revealed. Also, please remember that it's a 6-month deposit, not payment.

matt@monaco

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