Token Sale

Monaco Token Sale: A crypto debit card for ETH and BTC

Project Description

Monaco is joining TokenCard, Mycelium, and Plutus in the race to develop a crypto debit card.

The Monaco card will have a number of features:

  • Compatible with both Bitcoin and Ethereum
  • Payment through visa
  • Mobile app that provides real time price and conversion rate data
  • Free money transfers between users
  • Biometric identification
  • Free exchanges between USD and EUR

According to the founding team, payments made in BTC or ETH are converted to fiat for a 1 percent fee. All currency conversions are processed by Monaco. Monaco also covers Visa’s transaction fees. Transaction fees will form the basis of a cryptocurrency fund that will be used in a buyback program for the MCO token.

Project Details

Incorporation status: 2017 Monaco Technology GmbH
Team openness: Fully transparent
Blockchain Developer: Gary Or
Technical White Paper:      Yes
Available Project Code: Not available
Prototype: Not available

Token Details

Role of token: Holders are eligible for a token buyback program
Token supply: Proportional to raise amount
Distributed in ICO:        30 percent of total tokens created
Emission rate: No new coins created
Blockchain: Ethereum
Consensus method: Proof of work

Sale Details

Sale period: May 18th, 2017 to June 18th, 2017
First price: 50 percent bonus
Accepted currencies: ETH and ERC20 tokens
Investment Round: First public offering
Token distribution date: Immediately after sale
Min investment goal: 5,000 ETH
Max investment cap: 888,888 ETH
How are funds held: Token Market managed Escrow wallet
Minimum Viable Product:        September, 2017
Bonus schedule:
ETH Raised Bonus
 1-10,000       50%
10,001-30,000       40%
30,001-50,000       30%
50,001-75,000       20%
75,001-100,000       10%
 100,001-150,000       No Bonus
 7 day period       No Bonus

Official Resources

 

7 Comments

June 04, 2017 at 3:57 am, blitzio said:

Hi guys, please could you also add tenx.tech to the comparison chart?

Reply

June 11, 2017 at 3:38 pm, Sam said:

Website doesn’t work anymore?

Reply

June 11, 2017 at 3:43 pm, Weston Anderson said:

> Typo in the hyperlink! Thanks for your comment. Should be working now.

Cheers,
Weston

Reply

June 13, 2017 at 2:18 pm, Safwat Farag said:

In my opinion that Tenx.tech advantage is that they have Vitalik Buterin as an advisor and Master card. The advantage of Mona.co is that they are clever in marketing, also they have their token the MCO. I believe once Mona.co publish their partnership with Visa we will see a huge succeed.

Reply

July 14, 2017 at 2:27 am, Joseph said:

We are well ahead of the crowd when we talk about cryptocurrency debit card adoption. We are at least five years away from seeing mass adoption, if it ever comes. It’s still too early to say who will win, as many new players will head into the game, but TenX and Monaco both have excellent management and marketing teams. They appear to be solid long-term investments, though at this point I am partial to TenX. I also agree with the other commenter that Vitalik Buterin’s endorsement of TenX is huge.

Reply

August 12, 2017 at 9:54 am, jb said:

Does anyone know when the app/card will be available for download/use?

Reply

August 12, 2017 at 9:55 am, jb said:

> for monaco that is

Reply

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