I have not made it a secret of my love for this criminally underrated coin. Monaco Card is a sleeping giant just waiting to wake up and eclipse $1 billion in market capitalisation in 2018. I previously wrote about it here a few months ago.
It's easy to say how great a cryptocurrency project is and how it is "undervalued" people say that about any of the coins in their portfolios all of the time. Let me show you why I believe this is one of the largest opportunities for making a profit in 2018.
Visa Program Manager
Monaco Card is a Visa program manager, as such, they can issue their own Visa-branded cards and leverage the Visa transaction network. When you become a Visa Program Manager you go through an application process where you are vetted, audited and then approved to issue Visa cards on the companies behalf.
Being officially aligned with Visa and not a third-party means Monaco Card can offer lower fees and has more flexibility in its payment system integration with Visa's network, something a third-party doesn't always afford you.
Token lockup == profit BOOM!
Arguably one of the biggest value drivers is going to be token lockup, which will result in the overall supply of MCO tokens on the market being locked up in escrow. You don't need an economics degree to understand supply and demand, reduced supply and increased demand results in a higher price.
All cards in Monaco Cards tiered lineup are free but require a token lockup period of six months (with exception of the 100% free plastic Blue card with no lockup).
To lockup the Ruby Steel card you will need to lockup 50 MCO tokens. The Precious Steel card requires 500 MCO locked up and the Obsidian Black requires 50,000 MCO tokens to be locked up.
The Obsidian Black is an interesting card because it has a limited supply of 1000, requiring such a high token lockup even if only 500 of the cards are reserved and tokens locked up, as a result, that's 25 million MCO tokens locked up for six months.
The first 500 cards are reserved for early ICO investors and the other 500 for any other investor who wants to lock up a card.
If all one thousand cards are taken and tokens locked up, that's 50 million MCO tokens locked up (more than the currently available supply). The current circulating supply is 13,205,542 MCO and overall supply is 31,587,682 MCO.
Now, it is highly unlikely all cards would be locked up at the same time, so tokens will constantly be locked up and freed at different times, but even 500 black cards locking up MCO tokens in the first month or two will greatly affect supply and the price.
And that's just the black cards, you've got the 500 card and 50 MCO card, as well as the planned 5000 MCO card (which has yet to be announced). The token lockup model reduces supply and affects the price, it's a beautifully simplistic approach to value generation. And once auto invest and credit features (discussed further down) are released, that will be other ways in which investors will reduce the MCO supply.
Token buyback == Constantly reduced supply
Part of Monaco Cards core offering is a percentage based cashback in the form of MCO tokens. Depending on the type of card you lock up, will determine how much cashback you will get for each purchase you make using a Monaco Card.
And the best part of all? Monaco Card will be buying tokens back off of the market from exchanges to fund the cashback on the cards. This means in combination with token lockups, buying MCO back off the market will reduce the overall supply of available tokens.
Are you starting to see what the core model of Monaco Card is? Reduce supply and increase token value. Brilliant.
Compliance
As governments scramble to understand how they can regulate and control cryptocurrencies to protect consumers and their lobbyist friends like big banks and Wall Street firms, being compliant is more important than ever.
You can have a great idea and solid project, but if you're not operating like a bank and ensuring your business is operating legally and keeping a record of your customers, when government agencies come knocking asking for records you've been keeping on business activities, you better have them.
From the very start, compliance has been at the core of Monaco Card. The CEO Kris Marszalek has been very consistent in his message that everything being done is vetted and ensured to be compliant with current and future regulations. This means you make a speed sacrifice, you either get to market the first and the fastest, or you cross your T's and dot your I's which takes time.
We are already seeing exchanges like Bittrex start to delist cryptocurrency projects that could be perceived as securities (offering a return on investment, share schemes and so on). By ensuring that everything they do is above board and not a potential liability, Monaco Card is safeguarding its spot on all major exchanges it is listed on.
An app is already in beta
A core part of Monaco Card's product is a mobile application that will integrate with the paired Visa card, but also house other product offerings that Monaco Card are planning (and discussed below).
The application (pictured above) is already in testing right now with a handful of early adopters and will be expanded out to a much larger group of around 500 in the next couple of weeks.
During this testing phase, testers will be given access to a fully functional application that will allow you to; buy, sell, trade and send cryptocurrency to other app users (a fully functioning live app).
More than a card
While the paired Visa card is arguably one of the coolest features, it's not the only feature and product Monaco Card are offering, AutoInvest and Credit functionality are also planned sometime later in 2018.
Auto Invest
The Auto Invest product excites me a lot, it's a machine learning based automated trading application that allows you to invest and it will automatically choose which cryptocurrencies to buy and sell based on market indicators.
Think of it as a completely automated investment fund, and best of all there are no fees for withdrawing your money (which you can do at any time). The only fees that you pay are on the profit, not the money you invest. So it essentially works like investing in traditional stocks using a stockbroker, but for cryptocurrency.
Credit
This right here is a game-changing product and when it goes live, it's going to change how people invest and take profits in cryptocurrency. The biggest problem with most cryptocurrencies is people buy them as an investment, not as a transactional currency you spend in day-to-day transactions. What the credit product will allow is for you to borrow money against your cryptocurrency, all while it vests.
For example, you have Bitcoin and you want to borrow against its value. You enter an agreement with Monaco Card to hold your Bitcoin for you and they lend you the agreed upon amount, similar to a secured loan where you borrow against the value of the collateral.
The price is right
I, unfortunately, bought into MCO when the price was a lot higher, and sadly due to delays and the prolonged bear market we are in, the value is great for newcomers who want to invest. At the time of writing this 1 MCO token will cost you $5.48 USD with a market capitalisation of $72,326,755 USD.
Essentially, this coin is low cap and ready to explode. It will take only a little push for this coin to easily do a 100%+ profit gain in a short period of time once they start rolling out the app and cards in a month or two.
Conclusion
You might have missed out on Ethereum, Neo and other coins when they were super undervalued, Monaco Card is your chance to get in on the ground floor of a coin that will soon be over $1 billion in market cap, easily.
If Dogecoin can reach $1 billion which is a meme coin, imagine what an actual coin for a real cryptocurrency business will be worth? Think about it.
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If you found this article useful and you're not a member of Binance just yet, I would gratefully appreciate it if you signed up using my referral link: https://www.binance.com/?ref=10268639 - Binance has a pretty large volume of MCO trading and it has an MCO/BNB pairing as well.
Also, if you decide you would like to reserve a card of your own through the Monaco app, using this referral link: http://get.mona.co/IVWT/S1sS1Il8JG - will get you $10 added into your wallet when the cards start shipping and wallet application goes live.
Finally, if you found this article useful or it made you some money, consider making a small donation. I have many more articles planned.
Monaco: 0xdb2d29117c0244472598c85848d3afaa5a1c019f
Bitcoin: 1DkJh6cuX46yktphGHni8k44XHBDVsMP2X
Ethereum: 0xdb2d29117c0244472598c85848d3afaa5a1c019f