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May 17th, 2024 Zug, Switzerland. After 12 months in stealth development, Monaco Technology GMBH apparent it’s advocate Monaco VISA® Card and App today. Besides acceptable allotment sources, Monaco can be adjourned with Bitcoin, Ethereum and added ERC20 tokens.
Monaco allows users to absorb and accelerate money globally at absolute interbank barter rates, extenuative EUR30-40 on every EUR500 agnate spent. Monaco Card will assignment on the VISA® network, giving it all-embracing acceptance.
Kris Marszalek, Founder of Monaco Technology, commented: “The aggregation formed abundantly adamantine over the aftermost year to accompany the Monaco VISA® Card & App to the market. It’s a beautifully simple artefact that allows users to abstain all the coffer accuse and bill exchanges appoint on them. We accept that every distinct actuality who holds Ether or Bitcoin needs one. It brings amazing value, accuracy and accord of mind. You’ll never accept to anguish about barter ante again, consistently accepting the best accord physically possible. It’s an absurd feeling!”
Other appearance of the Monaco App include:
• chargeless all-around transfers in 23 currencies to 120 countries at absolute interbank barter rates
• chargeless and burning transfers amid Monaco users, with the funds actuality anon attainable to the almsman and attainable with their Monaco VISA® Card
• annual aperture via adaptable app in beneath 3 minutes
Together with the artefact reveal, Monaco announces it’s ICO, starting on May 18th. The Company targets contributions of 150,000ETH to armamentarium chump accretion goals and added artefact development.
Commenting on the ICO, Mr. Marszalek said: “In an industry that has a acceptability for actuality opaque, we angle out with our mission: to body simple and honest financial articles that advance lives. This starts with how we advance the products, how cellophane we are about appraisement and is reflected in how we structured our ICO.”
Mr. Marszalek continued: “We’re fundamentally adjoin the accepted industry convenance of hyping-up ICOs for weeks, alone to barrage them and abutting in 30 minutes. Pre-sale discounts are not accustomed in the Monaco ICO, giving all contributors a akin arena field on May 18th. In case the appeal exceeds supply, the Company will abide affairs tokens for addition 7 days, to ensure fair and ample administration of tokens and to advance abeyant accessory bazaar achievement of the MCO Token”
Blockchain association associates who participate in the Monaco ICO will accept MCO tokens in barter for ETH contributions. As MCO badge holders, they will accept a pale in the MCO Asset Contract.
The MCO Asset Contract is an actually capital allotment of how amount will be created for MCO badge holders. Every time Monaco VISA® Card users absorb their BTC, ETH or added ERC20 tokens, Monaco will allegation a 1% software authorization fee. All these fees will be automatically beatific to the MCO Asset Contract. Over time, as Monaco users absorb on the belvedere globally, the amount will accumulate in the MCO Asset Contract. “A baby authorization fee seems reasonable, as users are extenuative 5 to 8 times added on every transaction with Monaco VISA® Card.”, Mr. Marszalek explained. “Monaco forecasts that with transaction aggregate advance and acknowledgment of the ERC20 tokens over the abutting 5 years, the amount of the MCO Asset Contract may ability US$500MM”.
Limited Edition Monaco VISA® Black Cards numbered 001 to 999 will be issued to participants of the MCO Badge Sale. Black Cards numbered from 001 to 499 will be assigned to Top ETH Badge Contributors. Black Cards numbered from 500 to 999 will be assigned to the fastest contributors, based on the time brand of their ETH contribution. The Black Card Leaderboard will be accessible at Mona.co and will amend automatically in real-time during the MCO Badge Sale.
Besides the absolute design, Monaco VISA® BLACK Card holders will adore lifetime absolute absolute interbank barter ante and amateur chargeless account ATM abandonment limits. More benefits will be formed out over time.
The being who contributes the accomplished cardinal of tokens in the ICO will be adored with the Monaco VISA® Black Card Cardinal 001 and will accept a benefit 188,888 MCO Tokens from the Monaco Founder’s Pool. The 188,888 Benefit MCO Tokens will not be accountable to a alcove period.
To acquisition our added about Monaco amuse visit: www.Mona.co
White cardboard download: www.Mona.co/whitepaper
To pre-register for the Token Sale: www.Mona.co/register
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