Cryptocurrencies: 2189 / Markets: 14665 Market Cap: 24h Vol:
Monaco (MCO) Rank 79
$4.387706
Monaco (MCO) Rank 79
Website Twitter
15,793,831 MCO

Monaco (MCO)
Monaco (MCO)
MCO

Monaco (MCO) Price
$4.3877

Monaco (MCO) 24h Vol
$6,229,718

Monaco (MCO) Market Cap
$69,298,686

Monaco (MCO) Circulating
15,793,831

Full Name
Monaco (MCO)
Symbol
MCO
Algorithm
BTC Price
0.00068377 BTC
BTC Market
10,799 BTC
BTC 24h Vol
971 BTC
Total Coins Mined
15,793,831 MCO
1h
0.82 %
24h
2.78 %
7d
2.09 %

Charts



Description

Description


The functionality of Monaco VISA® Card makes it a must-have item not only for every Ether or Bitcoin holder, but also for everyone who spends money in foreign currency.

Core features:

- Spend your Ether or Bitcoin with a physical Monaco VISA® Card, wherever VISA® cards are accepted, both online & offline

- Only the exact amount that you spend with your Monaco VISA® Card will be incrementally exchanged from ETH/BTC in real-time when you swipe your card, with rest being securely stored in your wallet to which only you have access

- Exchange money at perfect interbank exchange rates using Monaco App

- Enjoy the same perfect interbank rates whenever you spend on Monaco VISA® Card

- Sending money between Monaco App users is free & real-time, with the money being instantly available for the recipient on their Monaco VISA® Card - Customer onboarding can be done entirely via the mobile App – a process taking less than 3 minutes

Full Name Monaco (MCO)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://crypto.com/
Twitter @MCO_Crypto
Facebook https://www.facebook.com/MCOCryptoOfficial/
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 15,793,831 MCO
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


The functionality of Monaco Card makes it a must-have item not only for every Ether or Bitcoin holder, but also for everyone who spends money in foreign currency.

Monaco Card will be holding its ICO on May 18, 2017, and only Ether can be contributed and turned into MCO. The ICO is expected to end on 17, June 2017.

If the soft-cap (150,000 ETH) is reached before the end of the 30 days, additional contributions will be accepted for 7 days.

Sale terms

Bonus Structure:

  • ETH 0 - 10,000 = 150 MCO / 1 ETH
  • ETH 10,001 - 30,000 = 140 MCO / 1 ETH
  • ETH 30,001 - 50,000 = 130 MCO / 1 ETH
  • ETH 50,001 - 75,000 = 120 MCO / 1 ETH
  • ETH 75,001 - 100,000 = 110 MCO / 1 ETH
  • ETH 100,001 - 150,000 = 100 MCO / 1 ETH

The top 500 contributors receive a special edition 'Black Card'

Use of Funds

  • 35% - R&D and Product Development Includes opening of an R&D centre in Shenzhen with approximately 20-30 engineers.
  • 20% - Marketing and Customer Acquisition The marketing budget is not significant compared to the target number of customers we intend to acquire. The key source of new customers is going to be word-of-mouth, as the product gives users a very strong commercial incentive to download the App and get the Monaco Card. There are natural network effects built into the product around the P2P money sending function, which will lower the average customer acquisition cost (CAC) substantially.
  • 15% - Initial Capex, including costs of e-Money licenses, compliance and architecture setup Some of our key partners are listed in section 4 of the document. There is a substantial cost associated with integrating all those partners, acquiring all the necessary licenses across multiple jurisdictions, building out compliance teams, legal fees and general technical architecture setup.
  • 30% - Working Capital Our product – the first and only Universal Money App - is bridging the gap between the worlds of crypto and fiat currencies. In order to offer our users real-time access to funds and perfect exchange rates without mark-up, we will have to bridge funding gaps between multiple parties using our own balance sheet.

 Escrow holders

  • Kris Marszalek – Founder @ Foris
  • Mikko Ohtamaa – CTO @ TokenMarket
  • Timothy Hitchens – Head of Solution Architects, Worldwide Public Sector - APJ at Amazon Web Service
ICO Status Finished
Token Supply 31587682.3632061
Start Date 2017-05-18
End Date 2017-06-18
Fund Raised (BTC) 71,392 ETH
Fund Raised (USD) 25000000
Start Price (USD) 2.88
Security Audit Company N/A
ICO Legal Form N/A
ICO Jurisdiction Switzerland
Legal Advisers N/A
Blog N/A
White Paper https://mona.co/monaco-whitepaper.pdf