Topic: NULL - page 242. (Read 456106 times)

https://etherscan.io/token/Monaco#balances

In case if you are wondering on the perc every address hold, you can check out here

I'm not sure 100%, but I think you are talking about the 30% of tokens that the dev's own. They will get released so that the dev's can choose to sell them if they want. I doubt very much that they would sell them before they've released their app and cards and spent some time developing their customer base. Of course the price of MCO will be much higher after a year or 2. Why would they sell them now? That wouldn't make any sense.

No it doesn't have any problems. Only that they have a very huge project to organize and of course sometimes there can be small delays. Kids on here start hyperventilating when their own prophecies don't come true. Monaco never actually said they would make some kind of public announcement regarding the card program approval in September. From everything Kris has said, it looks like they still have a few small issues to work out but because they have signed non-disclosure agreements (with Visa or a bank - I am guessing) they can't say too much just yet. Now is a great time to stock up on MCO - as all the hissy-fit children are selling theirs cheap.
October is the month they have said cards will start shipping. Now if that doesn't happen, I would definitely be worried. But right now I am not selling a single MCO (and I have a fairly good stack).
I am not advising you to do anything. But try to just look at what Monaco CEO, Kris has actually said - not all the garbage posted on here.

A couple of recent messages from Kris (CEO) - from Slack:

"kris 11:32 PM
All steps we are taking, including those relating to any upcoming dev updates, are in the best interest of all token holders. While it's hard to ask for a little bit more patience, that's exactly what we're doing: please sit back, relax and let us do our job. It's absolutely critical to get these things right, even if it takes a little bit longer. That's the only way to build a globally respected brand in payments space."

"kris 11:43 PM
things are developing fast and we are updating everyone with what we can communicate publicly; we're not concerned about temporary token price swings given how well the business is moving forward"

Can someone explain the significance of the impending release of another 30% of the reserve tokens into circulation?  Others have alluded to the whitepaper description of the release.  Does that mean the circulating supply will suddenly register at ~17 mill with a corresponding market cap of ~$140 million(Price is at $8.30 now)?  If that is the case, historically does that tend to negatively effect token price?

I am OK with hodling and weathering the storm of lack of news on the Visa deal, but that combined with the increase in circulating tokens makes me very nervous.

Thanks

Thats what I think too, the VISA approval will come, it is a matter of time, I cant see a reason why it wont. It is not such a big deal obtaining this approval, remember MCO was about 30k sats once, and I dont think many of us expected to hit 600k sats in such a short time. I think it stiil has a lot of potential

The new big competition is coming

https://steemit.com/stack/@kriptonoob/is-this-next-big-thing-stack-global-payments-crypto-fiat-hybrid-solution

Yeah , but you should check this  : https://harrydenley.com/why-i-think-centra-tech-is-a-scam/

the guy made some GOOD points there )

PAY it's still under 3 usd , i told you one month ago ,it will not jump over 4 ))  i dont want to bash any crypto because i want all to succeed , but before screaming scam you should do your own research about the TenX "voice" and his connection to Lyoness (he is a rank 5 there) :

https://imgur.com/a/SkzqB

http://www.theforumsa.co.za/forums/showthread.php/14980-Is-Lyoness-a-scam

http://behindmlm.com/companies/lyoness/austrian-regional-court-upholds-lyoness-criminal-decision/

http://behindmlm.com/companies/lyoness-lawsuits-and-investigation-in-austria/

https://www.reddit.com/r/TenX/comments/71egb2/tenx_ceo_is_an_old_school_scammer/

you can continue from here and decide for yourself ......

EDIT , i forgot about this : http://marketmadhouse.com/tenx-visa-scheduled-shut-october-16/  - 16 oct seems to be a big day for TenX


Let me explain what's going on with Monaco aka Foris  http://www.foris.co/

Foris page on hk.jobsdb.com :   https://hk.jobsdb.com/hk/jobs/companies/foris-limited/1

They are boosted into HK market by : fintechsupercharger.com
"ASIA'S LEADING
FINTECH ACCELERATOR
We will SuperCharge your growth in Asia inspiring the next generation of entrepreneurs"

If you check their sponsors you will see VISA is there too, check supporting companies at https://www.fintechsupercharger.com/alumni , scroll down and you will find Foris , Foris has been selected as one of 8 startups to join FinTech SuperCharger 2017 - Asia's leading fintech accelerator. The program received 200 applications from 36 countries and is backed by Standard Chartered Bank and Fidelity

People who got in without even reading the white paper were waiting for lambos at the end of september and started to sell on panic after the CEO said , and ill copy paste every line from yesterday :(you can check the slack channel)

1. Rest assured we understand the importance of keeping the community up to date with recent developments. We are also fully aware of the timeframes we committed to and how anxious the community is to see the next Monaco dev update. At this moment, it does not seem likely that an announcement will be ready to go out this week. While we're confident & pleased with the progress we've made since last our update on Aug31, we must refrain from providing more colour at this point. Please remember that as a company that views compliance as it's core competence, we feel very strongly about following strict guidelines relating to non-disclosure agreements that we committed ourselves to.

2.  All steps we are taking, including those relating to any upcoming dev updates, are in the best interest of all token holders. While it's hard to ask for a little bit more patience, that's exactly what we're doing: please sit back, relax and let us do our job. It's absolutely critical to get these things right, even if it takes a little bit longer. That's the only way to build a globally respected brand in payments space.

3. Rest assured we understand the importance of keeping the community up to date with recent developments. We are also fully aware of the timeframes we committed to and how anxious the community is to see the next Monaco dev update. At this moment, it does not seem likely that an announcement will be ready to go out this week. While we're confident & pleased with the progress we've made since last our update on Aug31, we must refrain from providing more colour at this point. Please remember that as a company that views compliance as it's core competence, we feel very strongly about following strict guidelines relating to non-disclosure agreements that we committed ourselves to.

4. I'll finish this short note with two reminders. The first one is to read our Aug31 dev update yet again - it lays out the mid-term goals we're pursing relentlessly. Nothing gets us more excited than what was included in that update. Second thing I would like to remind everyone of is a quote that is somewhat overused these days, but remains true nonetheless: "money is moved from the active to the patient".

5.  things are developing fast and we are updating everyone with what we can communicate publicly; we're not concerned about temporary token price swings given how well the business is moving forward

6.  time will tell - again - we do what is best for all token holders; we have answers to every question that you guys posted here in the last 10 minutes and I'll personally come back to all those after the next Dev Update is out

7. I'm getting a lot of questions about the timeframe of the next update - please note that we didn't update the milestones / timelines for a reason - today's message was that the update is not coming out this week    


MCO is actualy doing a CLEANING in the market (actual investors coming in , kids like you selling on panic .... going out)  you can check the buy orders for yourself  (with all this FUD going on ,massive buy orders are placed under 0.0019)

Cya next week ))

They already got VISA!!!!

The price is now very cheap and we should buy a little MCO to hope for upcoming events because this market is sure to go to the moon from investors and pumps. I think they have a great development team and always support the community at all times.

Actually people are waiting to hear good news about the approval from VISA that's why this market is going up and down. This is potential project with low supply as compare with it's competitors than it's good option to invest in it and hold this for long term I think in 2018 this will be bigger one.

Is Monaco a good choice to invest in ? The price isn't so stabilized, it has some problems ?

If it is a fucked up coin, why so many heavy buy orders has been placed for past 12 hrs ?

Some people have their agenda to create fear in the market to get or help others get cheap tokens as they earn good profit from these changes. All these negative posts in many threads like this one are well planned. After looking buy orders and volume one can realize that some are buying and this enough to understand what's going on.

SO the15000 people who have already ordered the Monaco card are all wrong? That's a lot of stupid idiots who are getting scammed... HMMMM OK. #$arcasam I TELL YOU WHAT WHEN I GET MY OBSIDIAN BLACK CARD I WILL POST A PICTURE OF IT ON HERE

The amount of BS getting posted on here is getting ridiculous.
Look, the entire market price movement of MCO so far has been based on hype and fear and not much else.
When the cards are shipped and the app released then we can judge Monaco, not before.
If people want to play day-trading then fine, they can waste their time with that. Everyone who's invested in the project because they believe it will be long term success (like me) is just laughing at all the dumb ass fuddy comments. The Monaco team are hard at work, it is clearly not a scam, everyone needs to chill the f**k out!
I'm guessing a lot of these fud posts are people working for Moaco's competitors - i mean seriously, whoever has time to photoshop a 'mr big fudster' visa card either has way too much free time, or has an agenda.
I would say that, if the competition is putting so much effort into trashing Monaco's image, that means they are seriously scared that Monaco will out-perform them.

No, today is NOT the day, the CEO made a statement yesterday in slack that there will be no announcement this week.

On 30th of august the price was cut in half. I definitely hope in a different kind of surprise...