Topic: NULL - page 177. (Read 456163 times)

Asset contract no longer exists. And there is no replacement for it that is relevant to investors.

so the asset contract is comming back?! but why let the mco token drop to hell and then change mind afterwards?!
now kris sounds like: oh wow what a surprise making mco useless did drop the price so much that we have to take some action...

what game is this?

so the asset contract is comming back?! but why let the mco token drop to hell and then change mind afterwards?!
now kris sounds like: oh wow what a surprise making mco useless did drop the price so much that we have to take some action...

what game is this?

Answers to questions to Kris from the Slack community:



Question 1 - are you willing to get feedback from community about tying the token into the company in a new way, that is equal or better than the Asset contract?

We already received a lot of very valuable feedback and will continue to seek it actively.

Question 2 - which quarter is eu rollout?

EU rollout is a priority – we will provide an update on extension of our issuing partnership in November.  

Question 3 - when can people start locking up MCO tokens in exchange for cards?

We want to enable MCO lockup the moment when your card is ready to ship.

Question 4 - At what price do you think you will need to adjust the amount of MCO required for the Platinum Cards?

We’ll make these decisions based on funnel conversion numbers: from app download to KYC completed to Platinum card shipped. We already have a big chunk of this funnel complete, will measure the final piece when cards start to ship and make decisions accordingly.

Question 5 - What was the thing you wished you could tell us when you couldn't because of NDA, and you can tell us now?

We’re still under NDA, but at least we can now say that we are a Visa program manager and that we were approved on Sep 22, i.e. we actually got it done on time, even though we couldn’t talk about it.

Question 7 - Do you see Monaco being used as a Global currency? Now we have the platform to be a worldwide spendable 'visa' token, is it not wise to push the token in that direction? Give incentives for people to buy/sell/hold Monaco in the app over that of BTC and ETH?

We believe very strongly that the utility of MCO will grow with the size of the platform. This is not a static environment and we fully intend to evolve with the market.

Question 8 -  Are there other ideas on the table to increase the long term value of MCO without it being deemed as a 'security'?

We’d like to be prudent and have all ideas reviewed by legal counsels in all key jurisdictions, before we commit to discussing it in more detail. It’s a matter of critical importance, given how things are moving forward with regulators around the world.

Question 9 - Does Monaco currently have a plan for a North American rollout?  Does being a Program Manager help in that regard?

Yes, we had very successful meetings at highest levels during recent Money2020 event with key US partners, who are very supportive of our program. Being an approved Visa program manager helps tremendously in moving forward with global rollout and US is not an exception.