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.

Sale terms

Bonus Structure:

• ETH 0 - 10,000 = 150 MCO / 1 ETH
• ETH 10,001 - 30,000 = 140 MCO / 1 ETH
• ETH 30,001 - 50,000 = 130 MCO / 1 ETH
• ETH 50,001 - 75,000 = 120 MCO / 1 ETH
• ETH 75,001 - 100,000 = 110 MCO / 1 ETH
• ETH 100,001 - 150,000 = 100 MCO / 1 ETH

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