Quote from: delpiero10 on November 01, 2017, 08:04:10 PM

Quote from: RoosterRed on November 01, 2017, 07:57:14 PM

Hello Friends,

I have updated my Monaco vs Centra vs TenX article in the comments. Here is the update so you don't have to click my link if you don't want to.

"Monaco just announced today that it has eliminated the asset SmartContract. This significantly reduces the long term value of the token. One thing that will drive the value of MCO, that I originally missed, is that the rewards for the card are paid in MCO (.75% MCO back). This means Monaco has to purchase MCO from the open market to give to card users. This will create demand, but since the tokens aren't destroyed, and most users will simply convert MCO to BTC or cash, it is hard to say it will be a major driver of MCO value. And this relies on Monaco not issuing more MCO, which I still can't find black-and-white confirmation of.

The other thing that drives value of MCO is that the cards that give you MCO back "cost" MCO to get. If you want a Platinum card, you have to buy 50 MCO and keep it for six months. However, the MCO isn't destroyed, and after six months you can do what ever you want with your MCO. It is hard seeing this adding much value long term.

Here is the announcement:
https://medium.com/@monaco_card/project-update-monaco-mco-token-functionalities-to-be-maintained-no-upgrade-to-support-an-asset-fd558638238f "

https://steemit.com/crypto/@roosterred/centra-vs-monaco-vs-tenx-how-do-their-tokens-compare

There is a mistake in your article, monaco has changed cashback to 1.0% for Ruby Steel, 1.5% Space Gray and 2.0% Obsidian card

Thank you for informing me! I'll probably add that to my comment (I can't edit the actual article as it is over a week old).

RoosterRed

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