Descrption：The MCO project, formerly known as Monaco, (referred throughout this document as “MCO” or “The Company”) started in June 2016 with the vision to put cryptocurrency in every wallet. MCO is building an outstanding and defensible platform to solve access and usability challenges in the blockchain industry, and power redefined financial services to improve our customers’ lives. The MCO platform includes the MCO Wallet App (to buy, exchange, send and track cryptocurrency) and the MCO Visa Card (to spend your cryptocurrency in the real world).
Principle and design goals
MCO is redefining how money is being moved, spent and invested. We are powering the Future of Money. Today.
MCO is democratizing blockchain technology by designing beautiful, simple and useful financial services that have a lasting, positive impact on people’s lives.
MCO Technology GmbH completed a token sale in June 2017. The project is fully funded. This is not a fundraising document. The objective of the MCO Whitepaper 2.0 is to present our vision, product and strategy.
MCO is building an outstanding and defensible platform to solve access and usability challenges in the blockchain industry, and power redefined financial services to improve our customers’ lives.
The MCO platform includes the MCO Wallet App (to buy, exchange, send and track cryptocurrency) and the MCO Visa Card (to spend your cryptocurrency in the real world).
Leveraging on the MCO platform, MCO is building an innovative investment product “Crypto Invest” (to easily buy a basket of cryptocurrency) and a credit product “Crypto Credit” (to get credit to spend on your MCO Visa Card by depositing cryptocurrency as collateral).
Our strategy is to use the MCO Visa Card and MCO Wallet app as the distribution platform. We plan to continue re-investing in both products’ benefits to make them even more attractive for customers.
Accounts and transactions
Smart contract system
Distributed storage protocol
Cross-chain and exchange technology
Economic model and incentive
To benefit from MCO Private services, referral commissions from the Platinum Referral Rewards program and Crypto Wallet Cashback, customers are required to have the appropriate amount of MCO Token in continuous staking.
To benefit from Crypto Airdrops, customers are required to hold MCO Tokens in their MCO Wallet App to be eligible.
All services & benefits described in this section are forward-looking only (i.e., in effect on and after the date of activation), unless stated otherwise.
7.1 MCO Private
MCO Private is a high-touch Crypto Concierge service available to holders of Obsidian Black & Icy White MCO Visa Cards while their MCO Tokens are in continuous staking.
Eligible high net worth clients will enjoy exclusive benefits, such as:
Dedicated support phone number & instant message service/ access
Advice on selected transaction and services
Exclusive access to industry events, including meeting industry thought leaders
Preferential access to other exclusive crypto opportunities
More details will be unveiled closer to launch date.
7.2 Platinum Referral Rewards
To enjoy the Platinum Referral Rewards program, each customer will need to reserve a MCO Platinum Card and have staked MCO Tokens.
After staking MCO Tokens, each customer will be able to invite friends to the MCO Wallet App and gift them a Sign-Up Bonus with special referral links. The number of friends and the amount to gift each friend will increase based on the number of tokens staked.
For security reasons, the referral Sign-Up Bonus will become available for withdrawal 3 months after the MCO Wallet App Activation of the referred friend.
For each new customer referred, MCO will reward the referrer with up to 25% of all net fees (net of 3rd party payment/ transaction processing cost) collected on the referred friend’s crypto transactions. This commission will be credited weekly and is payable as long as the referrer has an appropriate amount of MCO Token staked (see table below):
Further details regarding Platinum Referral Reward will be available at the time of launch of the program.
In recognition of the contribution of early promoters in our community, we are extending the referral commission to cover referrals made before the activation date of the Platinum Referral Program.
7.3 Crypto Wallet Cashback
For any crypto purchase, including crypto purchase with a debit/ credit card or a crypto-to-crypto exchange, MCO will reward the customer with Crypto Wallet Cashback.
Crypto Wallet Cashback levels will vary depending on the amount of MCO Token customers have staked and will apply on the acquired crypto amount.
Customers with MCO Tokens staked for the MCO Visa Card are eligible for Crypto Wallet Cashback. When the staked MCO Tokens for the MCO Visa Card are about to be released, customers will have an option to extend the stake to continue benefiting from Crypto Wallet Cashback.
7.4 Crypto Airdrops
Customers holding MCO Tokens in the MCO Wallet App are eligible for receiving ad-hoc token airdrops for selected token listings in the Wallet App.
The airdrop amount each customer receives will be proportional to the MCO Token in-app balance (including staked MCO Tokens).
MCO Visa Card
Customer pain points/needs
Customers who want to buy and spend cryptocurrency face cumbersome processes with long lead times (3-4 days) and a scarcity of places where to do so
Customers who spend abroad with their regular credit or debit cards are charged significant FX fees (up to 8% of purchase amount) by financial institutions and may not get any additional benefits for their purchase
MCO provides beautifully crafted MCO Visa approved pre-paid cards for customers:
Metal card, no annual Fee
Up to 2% crypto cashback
LoungeKeyTM Airport Lounge Access (selected cards)
Spend overseas at perfect interbank exchange rates
Conveniently spend and withdraw the fiat equivalent of their cryptocurrency online and offline at all Visa approved merchants
MCO Wallet App
MCO Crypto Invest
MCO Crypto Credit
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