Today MCO price in US dollars is currently
4.19
USD, and if converted to Bitcoin is
0.00045292
BTC. A total of 15,793,831 MCO are currently circulating in the Market. MCO price is currently experiencing a change of -0.63 %, and check here all cryptocurrency. Over the past 24 hours 0.164 M US dollarsMCO have been traded on Crypto Exchanges. Get MCO's progress by adding it to your favourites and creating a free portfolio.
The functionality of Monaco VISA® Card makes it a must-have item not only for every Ether or Bitcoin holder, but also for everyone who spends money in foreign currency.
Core features:
- Spend your Ether or Bitcoin with a physical Monaco VISA® Card, wherever VISA® cards are accepted, both online & offline
- Only the exact amount that you spend with your Monaco VISA® Card will be incrementally exchanged from ETH/BTC in real-time when you swipe your card, with rest being securely stored in your wallet to which only you have access
- Exchange money at perfect interbank exchange rates using Monaco App
- Enjoy the same perfect interbank rates whenever you spend on Monaco VISA® Card
- Sending money between Monaco App users is free & real-time, with the money being instantly available for the recipient on their Monaco VISA® Card - Customer onboarding can be done entirely via the mobile App – a process taking less than 3 minutes
Technology
MCO Crypto Technology
Sorry, detailed technology about MCO is not currently available
Features
MCO Crypto Features
Sorry, detailed features about MCO is not currently available
The functionality of Monaco Card makes it a must-have item not only for every Ether or Bitcoin holder, but also for everyone who spends money in foreign currency.
Monaco Card will be holding its ICO on May 18, 2017, and only Ether can be contributed and turned into MCO. The ICO is expected to end on 17, June 2017.
If the soft-cap (150,000 ETH) is reached before the end of the 30 days, additional contributions will be accepted for 7 days.
The top 500 contributors receive a special edition 'Black Card'
Use of Funds
35% - R&D and Product Development Includes opening of an R&D centre in Shenzhen with approximately 20-30 engineers.
20% - Marketing and Customer Acquisition The marketing budget is not significant compared to the target number of customers we intend to acquire. The key source of new customers is going to be word-of-mouth, as the product gives users a very strong commercial incentive to download the App and get the Monaco Card. There are natural network effects built into the product around the P2P money sending function, which will lower the average customer acquisition cost (CAC) substantially.
15% - Initial Capex, including costs of e-Money licenses, compliance and architecture setup Some of our key partners are listed in section 4 of the document. There is a substantial cost associated with integrating all those partners, acquiring all the necessary licenses across multiple jurisdictions, building out compliance teams, legal fees and general technical architecture setup.
30% - Working Capital Our product – the first and only Universal Money App - is bridging the gap between the worlds of crypto and fiat currencies. In order to offer our users real-time access to funds and perfect exchange rates without mark-up, we will have to bridge funding gaps between multiple parties using our own balance sheet.
Escrow holders
Kris Marszalek – Founder @ Foris
Mikko Ohtamaa – CTO @ TokenMarket
Timothy Hitchens – Head of Solution Architects, Worldwide Public Sector - APJ at Amazon Web Service