NULL - page 187. | Bitcointalksearch.org

rajravind

full member

Activity: 252

Merit: 100

Quote from: rajravind on November 01, 2017, 04:18:09 AM

Okay, guys
Lets assume MCO got 50k users on this 1st year with the average annual expenditure of USD12k per person .
So, how much would I get frm smart contract if I hold 50000 tokens( most of you dont even hv 1k tokens) ?

At the rate of annual, thats just 62cents per coins , weak knees.
If u hv 50 tokens locked, thats just USD31 per year.
How the fuck is that a big loss compared to the dump that occured yday out of ur stupidity ?

ANSWER MY QUESTIONS, ANTI-MCOs !!!

amktt

full member

Activity: 201

Merit: 100

Quote from: Kripto.hr on November 01, 2017, 03:39:51 AM

I feel sorry for you guys not leaving this scam at time... Good luck to all of you still in... Really hope you will get something from it but Kris and his team are the biggest scammers I have seen on the market with all lies and false promises...

wow now visa working with biggest scammers ? what a world to be live right ?
for those who don't know it yet, Monaco card already has green light from visa you can get your card if you a Singapore resident, japan korea is coming soon I really looking forward to see card rollout in Europe because it definitely gonna be HUGE

Precision

member

Activity: 94

Merit: 10

Quote from: CHMEX on November 01, 2017, 01:50:27 AM

Quote from: ?? on ??

Quote from: fajarkus12 on November 01, 2017, 12:30:11 AM

Quote from: Zabivelli on October 31, 2017, 10:51:29 PM

Quote from: Shadow Trader on October 31, 2017, 10:44:20 PM

Good news from Chris but hard to understand why price dump so much, look like Visa not confirm about this news, and Monaco post like a rumor.
I lost 40% my balance for this coin. Dump or hold - i choose hold and wait, wait until lose all.

hold, just a panic sale by noobs that don't understand the update. Cool

I prefer to hold it for long term than i must lose my money, but if possible i will buy again if this coin price can down at $1. Maybe mco price down because people taking profit yesterday, so i think this is only temporary

Their partnership approval is good news, now they can actually start distributing cards to customers. With this we can officially say MCO is a working product. I expect the price to moon from here.

Congrats MCO!

Moon on what bases. The only value of the token was the asset contract now that this is no more I dont see any value in it.

I noticed I jumped in too quick in my comments. I didn't notice the Asset Contract was removed. Such a devious tactic to do to it's investors since these investors were the main promoters of this coin in the beginning and helped it get known to where it is today. All that for nothing. If there is nothing to replace the asset contract, looks like the whole community of investors just got used and abused once MCO knew it can stand in it's own feet when they got an agreement for their Visa program.

amktt

full member

Activity: 201

Merit: 100

Quote from: Jeantheboy on November 01, 2017, 03:58:56 AM

Quote from: trumpc2016 on November 01, 2017, 03:33:04 AM

Quote from: trumpc2016 on November 01, 2017, 03:26:37 AM

Quote from: trumpc2016 on November 01, 2017, 03:23:33 AM

Please dump more! Cheesy

I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!

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? Huh

? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Huh

Total price of mco by earnings per year held in asset contract: 0.00142460596 USD

How the fuck this can drive price? Huh

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!

no need to beg to anyone for buying mco token, MONACO team knows what is they doing this is just the beginning of Monaco project journey.
for those who is not buying now might have to buy 3x todays price ($7). I believe in Monaco team they are simply professional

rajravind

full member

Activity: 252

Merit: 100

Okay, guys
Lets assume MCO got 50k users on this 1st year with the average annual expenditure of USD12k per person .
So, how much would I get frm smart contract if I hold 50000 tokens( most of you dont even hv 1k tokens) ?

At the rate of annual, thats just 62cents per coins , weak knees.
If u hv 50 tokens locked, thats just USD31 per year.
How the fuck is that a big loss compared to the dump that occured yday out of ur stupidity ?

trumpc2016

sr. member

Activity: 695

Merit: 255

Quote from: samVE on November 01, 2017, 04:10:26 AM

Quote from: trumpc2016 on November 01, 2017, 04:04:40 AM

Quote from: samVE on November 01, 2017, 03:57:15 AM

Quote from: trumpc2016 on November 01, 2017, 03:53:27 AM

Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:

We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.

That's just bad wording from their side, they mean 1.5-2% of the payment made. How else do you think they can provide 0.75% (even more for platinum) cashback? Basic logic.

Where is logic buddy. If there is $3 taken from $100, so $3 are split between all parties involved. How they can take more? Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile.

(interchange revenue) - the fees paid by merchants. (these $3 from $100 spent)

So re-read again please!

You clearly have no idea how interchange fees work. Here is an example:

In this case MCO is the issuing bank, thus receives 1,70% of the TOTAL TRANSACTION (percentage depends locally)

Wait a sec, I thought they are program manager? Huh

?

DigitalNinja

full member

Activity: 210

Merit: 100

Everyone quoting other card projects to jump to pmsl. You do realise what kris has done will mean MCO will be traded still in 12 months and all the others wont because of the SEC rules? This was the biggest factor to him removing the asset burn. Lets see what he has to say in this Q&A he is doing.

samVE

newbie

Activity: 24

Merit: 0

Quote from: trumpc2016 on November 01, 2017, 04:04:40 AM

Quote from: samVE on November 01, 2017, 03:57:15 AM

Quote from: trumpc2016 on November 01, 2017, 03:53:27 AM

Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:

We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.

That's just bad wording from their side, they mean 1.5-2% of the payment made. How else do you think they can provide 0.75% (even more for platinum) cashback? Basic logic.

Where is logic buddy. If there is $3 taken from $100, so $3 are split between all parties involved. How they can take more? Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile.

(interchange revenue) - the fees paid by merchants. (these $3 from $100 spent)

So re-read again please!

You clearly have no idea how interchange fees work. Here is an example:

http://rortybomb.wordpress.com/files/2009/11/interchange_fee.jpg

In this case MCO is the issuing bank, thus receives 1,70% of the TOTAL TRANSACTION (percentage depends locally)

trumpc2016

sr. member

Activity: 695

Merit: 255

Quote from: samVE on November 01, 2017, 03:57:15 AM

Quote from: trumpc2016 on November 01, 2017, 03:53:27 AM

Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:

We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.

That's just bad wording from their side, they mean 1.5-2% of the payment made. How else do you think they can provide 0.75% (even more for platinum) cashback? Basic logic.

Where is logic buddy. If there is $3 taken from $100, so $3 are split between all parties involved. How they can take more? Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile.

(interchange revenue) - the fees paid by merchants. (these $3 from $100 spent)

So re-read again please!

Ohh and there is no connection of cashback and fees. cashback is from money what merchants are willing to give back, it's not with fees as you think.

Jeantheboy

member

Activity: 72

Merit: 10

I love argumentation.

Quote from: trumpc2016 on November 01, 2017, 03:33:04 AM

Quote from: trumpc2016 on November 01, 2017, 03:26:37 AM

Quote from: trumpc2016 on November 01, 2017, 03:23:33 AM

Please dump more! Cheesy

I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!

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? Huh

? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Huh

Total price of mco by earnings per year held in asset contract: 0.00142460596 USD

How the fuck this can drive price? Huh

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!

samVE

newbie

Activity: 24

Merit: 0

Quote from: trumpc2016 on November 01, 2017, 03:53:27 AM

Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:

We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.

That's just bad wording from their side, they mean 1.5-2% of the payment made. How else do you think they can provide 0.75% (even more for platinum) cashback? Basic logic.

trumpc2016

sr. member

Activity: 695

Merit: 255

Quote from: samVE on November 01, 2017, 03:48:25 AM

Quote from: trumpc2016 on November 01, 2017, 03:23:33 AM

Please dump more! Cheesy

I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!

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? Huh

? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Huh

Total price of mco by earnings per year held in asset contract: 0.00142460596 USD

How the fuck this can drive price? Huh

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.

At least when you do math, do correct math.

In the whitepaper it states:

Quote

MCO Asset Contract accrues a 1% licensing fee on
transactions using the Monaco Card funded with
ETH/BTC, as well as exchange transactions between
ETH/BTC and fiat currencies. Over time MCO will be
backed by a portfolio of the most popular ERC20
tokens. MCO holders will be able to access the
portfolio through a mechanism called “REDEEM &
BURN” (see 1.6).
Fees from card swipes will be denominated in the
token being used to fund the swipe (ETH or BTC at
launch). These fees will be sent directly to the MCO
Asset Contract. Over time, this contract will accrue
tokens in proportion to the usage of the Monaco Card
& App globally.

so 1% of total transaction volume goes into the asset contract (as well as exchange transactions, but I'll leave that for now)

If I use the numbers you added up, the math goes as follows:

Users: 500,000
Volume per user: 20,000 (a bit steep tbh, but for now I'll use your example)

So total volume will be 10,000,000,000 usd in a year. 1% of that goes into the asset contract.

So that means 100,000,000 in the asset contract with those numbers.

Circulating supply is 9,814,875 tokens, which would add a value of 10,19$ per token. Keep in mind that is year one, and price will increase over the years.

This is not even taking in account token burn that would occur anytime someone takes from the asset pool

Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:

We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.

rajravind

full member

Activity: 252

Merit: 100

Quote from: samVE on November 01, 2017, 03:48:25 AM

Quote from: trumpc2016 on November 01, 2017, 03:23:33 AM

Please dump more! Cheesy

I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!

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? Huh

? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Huh

Total price of mco by earnings per year held in asset contract: 0.00142460596 USD

How the fuck this can drive price? Huh

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.

At least when you do math, do correct math.

In the whitepaper it states:

Quote

MCO Asset Contract accrues a 1% licensing fee on
transactions using the Monaco Card funded with
ETH/BTC, as well as exchange transactions between
ETH/BTC and fiat currencies. Over time MCO will be
backed by a portfolio of the most popular ERC20
tokens. MCO holders will be able to access the
portfolio through a mechanism called “REDEEM &
BURN” (see 1.6).
Fees from card swipes will be denominated in the
token being used to fund the swipe (ETH or BTC at
launch). These fees will be sent directly to the MCO
Asset Contract. Over time, this contract will accrue
tokens in proportion to the usage of the Monaco Card
& App globally.

so 1% of total transaction volume goes into the asset contract (as well as exchange transactions, but I'll leave that for now)

If I use the numbers you added up, the math goes as follows:

Users: 500,000
Volume per user: 20,000 (a bit steep tbh, but for now I'll use your example)

So total volume will be 10,000,000,000 usd in a year. 1% of that goes into the asset contract.

So that means 100,000,000 in the asset contract with those numbers.

Circulating supply is 9,814,875 tokens, which would add a value of 10,19$ per token. Keep in mind that is year one, and price will increase over the years.

And for god sake, do u think that USD10B and 500k users num can be achieved in any time sooner ?
Will take at least 15 yrs.
Dont forget dev gt 21M coins in their hands.
That would dilute the smart contract even more.

pumz

sr. member

Activity: 826

Merit: 250

I think my observation isn't wrong about the loosing floor of 0.001 BTC because sometimes it happened I didn't look at the market changes. Having some tokens in my wallet my interest is permanent to remain inform with every change. This is anger of investors who rae not getting what they expected after entering in MCO at high floors.

LuciferMorningstar

member

Activity: 124

Merit: 10

Look like this is when everything comes to an end.

samVE

newbie

Activity: 24

Merit: 0

Quote from: trumpc2016 on November 01, 2017, 03:23:33 AM

Please dump more! Cheesy

I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!

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? Huh

? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Huh

Total price of mco by earnings per year held in asset contract: 0.00142460596 USD

How the fuck this can drive price? Huh

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.

At least when you do math, do correct math.

In the whitepaper it states:

Quote

MCO Asset Contract accrues a 1% licensing fee on
transactions using the Monaco Card funded with
ETH/BTC, as well as exchange transactions between
ETH/BTC and fiat currencies. Over time MCO will be
backed by a portfolio of the most popular ERC20
tokens. MCO holders will be able to access the
portfolio through a mechanism called “REDEEM &
BURN” (see 1.6).
Fees from card swipes will be denominated in the
token being used to fund the swipe (ETH or BTC at
launch). These fees will be sent directly to the MCO
Asset Contract. Over time, this contract will accrue
tokens in proportion to the usage of the Monaco Card
& App globally.

so 1% of total transaction volume goes into the asset contract (as well as exchange transactions, but I'll leave that for now)

If I use the numbers you added up, the math goes as follows:

Users: 500,000
Volume per user: 20,000 (a bit steep tbh, but for now I'll use your example)

So total volume will be 10,000,000,000 usd in a year. 1% of that goes into the asset contract.

So that means 100,000,000 in the asset contract with those numbers.

Circulating supply is 9,814,875 tokens, which would add a value of 10,19$ per token. Keep in mind that is year one, and price will increase over the years.

This is not even taking in account token burn that would occur anytime someone takes from the asset pool

delbarbour

newbie

Activity: 72

Merit: 0

just dumped 80% of my Tokens, left 20% for some miracle recover, wasted lot of effort on Monaco Scam for some selfish decision taken last minute after announcing VISA Green Light...

i find it as a pure way to steal investor money Undecided

, Use tokens to gather premium than tell everyone TOkens are worthless Huh

!! i am pretty sure the founders sold also all their tokens first ! Angry

Kripto.hr

full member

Activity: 350

Merit: 100

Revolutionising Marketing and Loyalty

Quote from: Ocean321 on November 01, 2017, 03:43:40 AM

Real life teaches that there is nothing to win from such a legal action.

The truth is that some people are scared, but some really want to destroy MCO.

I however agree that Chris will need to reassure MCO holders.

Hello Kris, nice from you to join the community Wink

Ocean321

newbie

Activity: 5

Merit: 0

Real life teaches that there is nothing to win from such a legal action.

The truth is that some people are scared, but some really want to destroy MCO.

I however agree that Chris will need to reassure MCO holders.

trumpc2016

sr. member

Activity: 695

Merit: 255

Quote from: trumpc2016 on November 01, 2017, 03:23:33 AM

Please dump more! Cheesy

I see that people do not have brain to do basic calculations about that asset contract shit. I thought that it's worthless before they said to remove it. But my motivation was exactly that people will freeze their mcos. So I see only positive thing here!!!

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? Huh

? You are dumb people or what, or just want manipulate market and use this as excuse!!!!? Huh

Total price of mco by earnings per year held in asset contract: 0.00142460596 USD

How the fuck this can drive price? Huh

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.

Topic: NULL - page 187. (Read 456169 times)