Let me counter that with a question, why in the world would you trust a company like Monaco which promised their clients rewards, people bought their ICO token mostly cause of that, then Monaco said "geee, not possible sorry" How is that not a terrible decision making and even worse contingency planning??
There is no way I d ever hold their card after that.
With Tenx, they did great job before this Wavecrest issue. If they do not keep their promises, I ll move to Bitpay or something else. I value my money too much to give it to incompetent players. For now, Tenx seems to have 4x more client compared to Monaco, that is the fact. They also had a card 3 months before Monaco, as far as I know Monaco has not even started delivering cards and I used Tenx card 2 months ago. In my book, they beat Monaco on every front. Let us see who delivers new cards first.
Also, please do not derail this thread, if you d like to continue this discussion, pls PM me.
This is hardly derailing a thread. If a person wants to choose a debit card, they ought to have as much information as possible, and the quality of the issuing company is, I'd say, quite on topic.
TenX had to do exactly the same with their token, except they had to rush it out last minute. They broke the same "promise", and that's simply because what they were offering was clearly pointed out to constitute a security (which would have caused delisting from exchanges). Again, Monaco had the honesty and forethought of doing this in good time and transparently. TenX did not.
Sure, they had cards issued sooner. Cards issued through a shady partner where every other card was going to to avoid having to do any real work. Quick to market, quick off the market.
Monaco is taking things slowly, and they're going much further. They have succesfully obtained VISA membership, and they partnered with a world-class manufacturer/issuer.
Now, existing cards are, IMHO, either shady or too expensive. Or dead, in TenX's case.
The honest answer to OP is to wait for a company that has been doing things well.
As I ve said, if case Tenx fails to deliver additional value to their token in a form of some kind of reward, I ll quit using them immediately. However, I am 99% sure they will not do this cause if they wanted to go that way, they would have done it by now. So I would not say then broke their promise, they are just a bit late on that.
Besides, let me ask you one thing, what happens with Tenx Pay token price if they do start delivering some form of payment, ha? It ll go to $50 long term. Lots of other companies already deliver some form or reward payments. Kucoin does it, Bankera does it, etc, etc. How come they have no problems with that? So it s not something cannot be done, it s just Monaco cares more about selling cards to US market then to keeping their promises since US regulations are the only issue related to securities. EU and the rest of the world does not have problem with crypto rewards. So they opted to go back on their promise so they could make more money. So no, they will not see a dime from me. Reputation cant be bought.
On the other hand, what value does Monaco token hold without rewards? Why did people buy it besides to give free money to Monaco company? Without rewards, card tokens are based on speculation only and this is hardly something which is related to real businesses.