Here is some math guys!
Total: 31,587,682 tokens
For example, in 1 year time they will reach 500,000 customers. Every customer on average spends like 20'000 usd per year or less. Merchants pay 3% for all parties involved in transaction. So it's $600 usd paid by merchants from $20k spent by 1 customer.
Monaco gets 1.5% from these $600 = $9 !!!
So in BEST case scenario, they will have $4,500,000 in fees in 1 year. Asset contract promised 1% from this sum to be held.
In result we have only $45,000, fucking $45k per 1 year split by 31,587,682 tokens. How this fucking can drive price of mco up?? You are dumb people or what, or just want manipulate market and use this as excuse!!!!?
Total price of mco by earnings per year held in asset contract: 0.00142460596 USD
How the fuck this can drive price? Monaco team knows what they are doing. HOLD! For those who do not get what I wrote, then leave, this is not for you kids.
P.S. I didn't counted consumers who stop using services. This would bring asset contract 1% even lower.
Hey Trumpc2016, thanks for the insight. Having doubts on the significance of the asset contract conferring real value to the project is absolutely legitimate. I myself was sometimes quite skeptical about the asset contract and its serious mechanism, so I have never conferred a lot of importance to it. However, math may sometimes not be that easy to grasp because it may have a subjective character, even though at first sight math is always taken to be something indisputable. It is not indisputable. It may well be subject to personal evaluations.
Please try just not to be too arrogant. You should only improve the grammar so that your message is more understandable.
PLEASE EVERYBODY HOLD MCO, OR I WILL BUY THEM!
for those who is not buying now might have to buy 3x todays price ($7). I believe in Monaco team they are simply professional
Thank you for your post and believing in us. We will keep delivering our value to the users.