Topic: Monaco Visa ICO - tomorrow - latest scam? - page 5. (Read 28159 times)

Do any of you guys actually use Monaco card? I have been looking into it and it looks really nice. So if anyone has any feedback on the card itself, please post.

This just showed up out of nowhere.

https://themerkle.com/monaco-visa-ico-starting-may-18th/

https://www.mona.co/

I see nothing on reddit or here.

Seems very scammy. Likely fake VISA association that TokenCard had.

The thing with monaco is that is had way too many people shilling and selling fake news... and when those turned out to be untrue the other people kinda felt 'scammed' in a way... Thats the danger of crypto i guess - do yout own research, always!

Definitely not a scam.

I think the Monaco Project will be succesful. There is absolutely a need to Monaco card that's why I have bought monaco very much.

Hi Everyone,

I'm Kris - the founder of Monaco. Just opened an account on Bitcointalk to answer all the questions you may have regarding our company and the token sale.
We'll be posting a thread shortly...

I think we have to start by acknowledge, that:
- in hindsight, we should have had done a few weeks of pre-marketing to make a good first impression on the community
- we are late with even the basic stuff - like posting ANN on bitcointalk
- but at the same time, we are very happy with the results so far with our minimum being hit in under 2 hours and that we hit 10,000ETH milestone during the first 24 hours.
- we think since we had zero pre marketing ahead of ICO launch, the results are amazing and the only reason behind it is simply our product: people love the Monaco Card & App
 
In terms of addressing the single most common question: why only 1 day notice. It's actually pretty simple. The single thing that pushed us to launch ahead of our original July schedule was a competitor running towards an ICO with a 90% same value proposition (FX+crypto). Our CFO was at an event at VISA Innovation Centre in Singapore on 11th of May, where he ran into another founder, who basically told him what they're working on and that their ICO is going to launch in June. We made a judgement call to finish working on our ICO within a week and launch, then spend the next 30 days to gradually build exposure and increase our brand awareness, so everyone has plenty of time to get to know us and do their due diligence.

Naturally, we had no idea people would think this is a scam.
- we've been working on the product for almost 1 year
- we have very experienced team of entrepreneurs (I sold my previous business for US$21m in 2013, our CFO is ex-Mastercard)
- we have serious heavy-hitters on our Advisory Board from companies like AWS, VISA, Adyen, Emarsys

I guess to a certain extent it's a function of us not understanding how does this community think and operate. We're learning fast and we're committed to being open and transparent, so that everyone can have their questions answered. I will be here and on our ANN thread answering all the questions you may have. I also encourage those who find our project intriguing to join our slack channel: https://monaco-card.slack.com/ - it's growing steadily and is probably the most convenient way to get to know us personally.

Kris

 

It doesn’t really make sense for people to use Monaco Visa cards. How do people pay for things when they have Bitcoin? If they want to use Monaco to purchase things online or somewhere else then they would have to pay at least two transaction fees just so they can have money on their Monaco card right?

What makes them use that instead of a regular debit card or something else? The Monaco route sounds kind of expensive.

There is also a new coin TenX with a product

I think the Monaco Project will be succesful. There is absolutely a need to Monaco card that's why I have bought monaco very much.

I think the Monaco Project will be succesful. There is absolutely a need to Monaco card that's why I have bought monaco very much.