Have had a very small amount of these I bought a while ago. I just decided to buy 2K worth seeing the ATH was 4X where it is now and the fact they have a VISA Card now. Isnt that a pretty big deal to have a card you can use anywhere? I would think price would really surge after such an announcement.
It would've surged if they didn't can the asset contract, which was the only reason a lot of investors joined in the first place.
Still think this has any legs ? Saw a recent pump. Seems like hitting 2X would be pretty doable if not more over time.
Probably. Most people don't care about honesty or good products in crypto. If MonaCo was a company on the stock market it would plummet into the ground after its announcement of dropping dividends without even trying to find a replacement until investors complained about it. But in crypto it will probably go back up soon, because people don't even know what they are buying. They see big names like "VISA" and think they'll get rich if they buy it. Complete and utter lunacy if you ask me.
Doesn't matter anyway bcos the MCO still be converted into fiat before being used as a legal tender.
The way u r posting is like saying MCO token is useless.
Perhaps you should go thru their twitter again on the uses of the MCO tokens other than to reserve the cards.
Once the company started to lock in the tokens, then, the price will surge slowly which will happen soon.
Ur hatred towards the company decision on abandoning their initial plan ain't gonna influence anybody's decision, homie.
It doesn't matter if the tokens get locked up. Once the period is over there's no reason to hold them.
And even if there was, and the token price surged, it would become impossible for most people to pick up cards.
The only way to work around that is to change the amount of tokens required to reserve cards, which would have a direct influence on the token price and thus be market manipulation which is illegal.
And yes, I'm aware that greedy clowns like you won't care about whatever it is that MonaCo does as long as you can make some profits in the short term. That's precisely what I've pointed out in my posts before. Nonetheless, any serious investor has jumped ship, as you can clearly see in the token price.
But keep shilling for dishonest and lazy tactics for some spare change. Seems like you need it, so good luck with that.
P.S. There is no "other use of MCO tokens" right now. So you're either a clueless shill or a blatant liar. Pretty much what I've predicted already in either variant.
"It would become impossible for most people to pick up cards."
What does this mean? Please explain. Otherwise any argument is pointless. Why would most people should be unable to have their cards? Would the company impede the acquisition of the cards because the company is unable to comply with delivering the cards?
Why would there be no reason to hold the tokens after the lock-in period? The statements you made are not trivial. You need to elaborate. How can you know what is going to happen? How can you know about the progress of the company and the services provided by it?
"The only way to work around that is to change the amount of tokens required to reserve cards, which would have a direct influence on the token price and thus be market manipulation which is illegal."
What you are saying is that if the amount of tokens required to reserve cards is modified, then this is market manipulation. Your argument is useless because you are proposing an absurd solution to a problem that you still need to address, which is the worthlessness of the token. Why are you even employing market manipulation and alleged illegality as arguments?
Stay on task, and tell us why the MCO token must be worthless.
People jumped the ship because they didn't like the change made by Monaco regarding the asset contract. Jumping is legitimate. But the elimination of the asset contract cannot possibly mean that the token will have no value. How can you make such deduction? No asset contract means no future token value. Why?
