Topic: NULL - page 297. (Read 456106 times)

Facts:-
TenX is based in Singapore
TenX has a working product with cards distributed all over the world.
Fenbushi Capital who is an Investor and Advisor to Tenx, General Partner of Fenbushi Capital is Vitalik Buterin (Who is also based in Singapore) https://www.crunchbase.com/organization/fenbushi-capital#/entity
TenX is issued under Wavecrest under the My Choice program, but is currently applying for a Banking license in Singapore
TenX currently supports Bitcoin, Ethereum, Dash and ERC20 Tokens.
TenX team gives weekly updates on the progress (Youtube, Twitter, etc) https://www.youtube.com/channel/UCrh49JX-9UQJbee6e4EGhog
TenX charges fees for ordering the card as well as annual fees (its a working product)
TenX is worth $3.70 (79000 sats) currently (ATH was at $6.21)

Monaco is based in Hong Kong
Monaco does not have a working product yet
Monaco has deleted links with Visa
Monaco does not charge fees for ordering the card and annual fees
Monaco will support 4 different crypto currencies
Monaco is worth $9.94 (214230 sats) currently (ATH $27.10)

IMHO either TenX is undervalued or Monaco is overvalued. Based on the FOMO and Hype it does not equate to current prices, my prediction is that it will fall to $7 next week and $5 the week after if not sooner.

As I thought. People are tired, the walls go down.

They have their own way of making money. That would be the 2% and 0.5%
Also the MCO token value that will go up.

dont you suspicious why monaco can be this free?

I've been dying to hear someone make this simple thought for days now. Bravo!
So the thing is, even if people do not choose the 500 hundred as a norm, still some will (eg you end me) and this locks MCO to life. Also, the 70% bulk of the coins is untouched, as can be seen:
https://etherscan.io/token/Monaco#balances

so enough with the kamikazis in here bombing news on the demise of the MCO.
The coin is a d@mn good asset.

Ok guys let me give you also some figures

TenX                                                                           Monaco

Ordering the card - 15 USD                                                               FREE

Virtual card -         1.5 USD                                                               No virtual card

Annual card fee      10 USD                                                               FREE
- If u spend more than 1000 usd/year FREE                              

Virtual annual fee   10 USD                                                               No virtual fee
- If u spend more than 1000 usd/year FREE

Foreign exchange fee 0%                                                                  Free monthly limit depeding on your card CLASS. After that 0.5%

Atm fee                2.75 eur (not usd, but EURO)                                 Free monthtly limit depending on your card type. After that 2%.

                                                                                                      0.75% Crypto cash back when you pay with your Monaco Card.

                                                                                                      From Ruby and higher class all cards are from METAL


I might have forgot something here and there but these are the main things.
TenX supports 3 different crypto currencies. Monaco will support 4 different kind of crypto currencies.

 

I'm pretty sure the majority of cards issued will be the two cheapest ones, but sure your numbers sound a lot better 

They trading on Bittrex, Binance right now and in few small other exchanges.

Let me give you guys something to think about.   Do the math !!!

There are 9.8M MCO tokens currently in circulation.  All the rest (around 21.8M more) are locked up for at least 90 more days.

https://coinmarketcap.com/assets/monaco/

Of the 9.8M MCO in circulation, 4.3M or almost half the total are currently on Bittrex.

https://etherscan.io/token/Monaco?a=0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98

So far in just over 48 hours, over 7000 people have preregistered for a Monaco card.  

(This is somebody else's registration screen capture - there's  a Black card reserved for me )



Seems logical that we will get to 8700 preregistrations from the current 7000.  

Question - what if they all reserve silver / gold Monaco cards?  Well, they'll ALL have to purchase 500 MCO from Bittrex and then freeze that MCO out of circulation for six months.  



How much MCO would that take, to issue 8700 silver / gold MCO cards?

Well, 8700 * 500 = 4.35M MCO.

THAT'S MORE MCO TOKENS THAN ARE CURRENTLY IN THE ENTIRE BITTREX WALLET.

Let that sink in.  Roll that thought around your brain until the lightbulb goes off over your head.

8700 SILVER / GOLD MONACO CARD REGISTRATIONS WOULD CREATE A BUY WALL TIDAL WAVE THAT WOULD PURCHASE EVERY SINGLE MCO TOKEN CURRENTLY AT BITTREX.

MY ADVICE:

1. GET 500 MCO ASAP.

2. UPGRADE YOUR MONACO CARD RESERVATION TO SILVER / GOLD.

3. HODL.

Buys bitcoin... Wants to be independent.... Spends a year crying that he can't deposit crypto back into a bank with a physical debit card.... FAIL....

BitPay.com for North America
CryptoPay.me for Europe and Asia

Until Monaco comes out...

On the other hand, I am looking forward to using Monaco above any and all Crypto Cards. I don't want to fucking walk with BitPay card when I can walk with Monaco card. STFU about tenx crap.

the people will mco to grow or imu hona

TenX is basically offering a rebranded Wavecrest "MyChoice" VISA card.  For TenX users, WaveCrest is the actual card issuer and TenX is just a middleman getting a cut of the fees generated.

https://mychoicecorporate.com/

https://www.tenx.tech/card-terms.html

Monaco is trying to establish themselves as an original card issuer, which means they have to meet the same VISA standards as any major bank.  

https://usa.visa.com/dam/VCOM/download/about-visa/15-April-2015-Visa-Rules-Public.pdf

Monaco is aiming to establish itself higher up the "credit food chain" than TenX has initially done.  It is possible that in a few years TenX could switch from WaveCrest to Monaco as its actual card issuer.  

Also, Monaco is focusing on having the lowest rates of exchange for many foreign fiat currencies.  So Monaco is not only about Crypto, it is about Forex, too.  And Forex is a LOT bigger than Crypto.

I agree with your point. i see the indicators of price stabilization. No one wants to sell cheaper than that as they expect increase in price in future. It should play around this range bit more before to increase some.

Lot of eyes on MCO now. A smallest news can give a hype

need to make the necessary agreements with Visa. a lot of investors waited. didn't sell me on the rise. because the long-term such projects will be successful, I think. tenx, tokencard... etc. if the news is good, $ 50.

I think Visa want to make sure, how many people interested with Monaco Card. if they meet the quota, they will approve instantly.

The peak price was $25. Now $10. Nobody knows what the price will be. Waiting for information about Visa (September).

Haladay thank you very much for the answer, it's a bit I was trying to wrap my head around this fact... By any chance do you know if the peak in price due to this possible partnership with visa that then didn't go as planned?

There is no certain info related to VISA thing. During the ICO, they showed first VISA logo and then they removed it after intense critics, because VISA didn't confirm this partnership with Monaco Debit Card. And last, I didn't get anymore information on this topic.

Hey guys probably this question has been answered over and over again but I can't find a definitive answer. I remember that when Monaco was in ICO stage they were talking about a collaboration with Visa, and I also found this post on twitter showing a foto of Monaco with the visa logo. But know I'm a bit confused visa is no longer mentioned anywhere on Monaco... was this all a fake news?

Thanks in advance

https://coinmarketcap.com/assets/monaco/#markets