Monaco success raised 50532 ETH In Last week Crowdsale

Monaco success raised 50532 ETH In Last week Crowdsale
Propy
Monaco Card is the most convenient and cost efficient way to spend your Ether and Bitcoin, period. You can load your Monaco Card with ETH / BTC in real-time and free of charge and have the funds immediately accessible with your Monaco Card. You can setup rules to automatically top-up your card whenever the balance drops below a specific level.
Monaco Cards are going to be issued by a principal member of VISA® and one of the leading issuers and processing
platforms globally, listed on Frankfurt Stock Exchange, with one of it’s subsidiaries holding a full banking license in Germany. Our processing platform is a MasterCard® and Visa® accredited processor. They are Level 1 PCI DSS compliant. The company is headquartered in UAE and has an end-to-end solution that includes: payment processing at its core, program management tools, bespoke software development, financial control and reconciliation, technical support and card-holder customer services.
In the last week monaco crowdsale success raised target more than 50K eth,you can see crowdsale update in monaco website. The Monaco MCO Token Creation Event will last for 30 days. A fixed number will be created during the sale, and no more will be created thereafter. This ico will success Such as statements Mr. Marszalek said:

“We’ve launched the ICO without any pre-marketing believing that the product is so strong that it will sell itself. The community quickly understood what we’re building and immediately saw tremendous value in it. Our team are working incredibly hard to perfect the product and we’re beyond happy that it resonates with our users. We’re also humbled with the warm reception we have received from the community and the trust that over 1,500 community members have placed in us by contributing to the ICO.”

 

At any time, a holder of MCO can “Redeem and Burn” the MCO for their pro-rata share of each token held by the MCO Asset Contract. The holder will irrevocably destroy the MCO, and in exchange, the MCO Asset Contract will transfer the underlying tokens to the holder. MCO token will have a market value at or above the assets contained in the MCO Asset Contract. If the value goes below, market participants will be incentivized to purchase MCO and burn it; this will then push the value of MCO back up.

Roadmap use of fund from crowdsale

  1. 35% – R&D and Product Development Includes opening of an R&D center in Shenzhen with approximately 20-30 engineers.
  2. 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 VISA® 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.
  3. 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.
  4. 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
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