Definition of Monaco MCO (Cryptocurrency)’
Monaco-payment and cryptocurrency Platform, which operates its own Currency called the token of the ice. It also offers Visa cards Monaco, and Mobile wallet app that allows users to easily buy, exchange and hold Fiat and crypto-currencies such as bitcoin and Ethereum, real-time interbank exchange rate.
Breaking down the ‘Monaco MCO (Cryptocurrency)’
Monaco has its own cryptocurrency called marker MKO which is trading under the symbol MSO at 19 bitcoin exchanges. It can be used for making payments for 40 million locations worldwide. Selling markers was conducted in mid-2017, which helped Monaco to raise $ 26.7 million. As of April 2018, the cryptocurrency was circulating supply of more than 13 million tokens and a market capitalization of approximately $ 115 million.
Monaco has a few suggestions. These include cryptocurrency plated metal Visa cards, which require different number of MCOs markers pass. Cryptocurrency user enterprise in the essence of the card. All Visa cards Monaco to come with zero annual fee, cashback schemes and main characteristics.
As a popular system of rewards are available with any standard credit card, Monaco also offer a cashback scheme of up to 2% of the cost of the crypto. For travel lovers, the cards offer real-time interbank exchange rate with no foreign fees. Monaco argues that these rates provide savings in the range of 5 to 8 percent compared to real banks. It also allows you to completely free withdrawals at ATMs worldwide and access to Lounges. In fact, asking for cryptocurrency holdings, map, Monaco attempts to overcome a real banking and cryptocurrencies.
True to its slogan of “crypto-currencies in each wallet,” Monaco also offers a powerful multi-currency wallet app that supports tracking up to 200 coins, and the ability to buy, exchange and send a variety of currencies.
Storage of cryptocurrency in Monaco wallet, bitcoin exchange, or transfer to other wallets Monaco is completely free. However, users will charge a different fee for the transfer of cryptocurrency to external addresses.
Monaco wallet also plans to support automated cryptocurrency investment, the function is expected to be launched soon. With minimal start-up investment, automated investing will allow users to quickly build your portfolio of cryptocurrencies, to automate buying and selling and also allows for easy withdrawal at any time without any transaction fees. Monaco plans to charge fees only when the user makes profit, not for operations.
Another future complex includes the lending of Monaco, which Monaco is planning to provide a loan in the amount of 60% and 40% of users of enterprise in Monaco (MCO) tokens and bitcoin (PTS), respectively. For example, if a user holds $ 1,000 markers of the MCO, given access to $ 600 credit, and if he is holding $1000 bitcoins, he will be eligible for a credit of $400. The user can use the credit for expenses only. In essence, your contributions to MCO and BTC will act as collateral when obtaining loans Monaco.
Monaco is owned and operated from Switzerland with the headquarters of Technology GmbH Monaco, and has offices in Singapore and Hong Kong.