Topic: NULL - page 166. (Read 456104 times)

Visa cares about one thing, money. If they can create a scenario in which they can profit while keeping their name clean, they will most likely go that route. And if it came to public attention that MonaCo baited and switched investors with the asset contract, Visa would simply play oblivious to the fact and get off scot-free.


By the way, with 20000 cards and an average of $1000 transaction volume per year, that would make the dividend of a single token $0.7 per year.

And that's only the amount of cards that was ordered since the ICO. At the same rate there should be more than 100k cards at the end of next year, so each token would give a yearly dividend of more than $3.5 per year. Imagine you bought 10k tokens at $2 for $20,000, then you would be getting $35,000 for your investment every year from 2019.

And this number would grow very quickly as the amounts of cards increase. If cards kept getting ordered at the same rate, in 2020 the same investment would return $70,000 in dividends, and in 2025 the dividend would be $245,000. In 2030 this would be more than $500,000 per year. So in total we'd get a return of at least $2,730,000 at the end of 2030 out of a $20,000 investment with at least $500,000 of extra income per year from that point onward.

And in reality the amount of cards should be going up much faster because of active marketing, which so far MonaCo didn't really do.

I agree with you but still it is a bit weird how the whole process is going. You would expect VISA to be very careful before engaging in contracts with a crypto startup like this one. But who knows maybe they don't even care as much as we would think.

Probably Asian countries generally and Singapore specifically are tech friendly countries for blockchain and other startups. Lot of companies have focused on those markets because potential is there. Once Monaco team established setup there it will be helpful to extend it to western countries more easily in my opinion.

Visa is not legally liable if MonaCo ends up deliberately manipulating the token price (which I am not saying they will, but they definitely can with the current model).

Despite my responses, I actually like the idea of the card. I'm just not going to let shills post bullshit and make it appear as if everything is rainbows and unicorns in here when it clearly isn't. And right now there's a massive problem with the removal of the asset contract, which so far still doesn't have any replacement solution, as well as the issue with the card reservation once the token price gets too high for normal people to care.