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Monaco (MCO) is a cryptocurrency payment platform developed by Crypto.com. It's possible to make payments using this platform in more than 40 million locations in the world. The platform features a mobile app with iOS and Android versions as well as investment tools and MCO visa cards. The mobile app allows users to transact, store and manage their fiat and digital currencies with their mobile phones. The MCO visa cards come with zero annual fees and cashback schemes. Users get up to 2% back forShow more [+] trading digital currencies using the cards.
Monaco has its own utility token or currency MCO. This token is not premined and has a total supply of 31 million. 30% of this supply was issued in the Initial Coin Offering (ICO) that ended on June 18, 2017. This sale raised $26 million, with one token retailing at $2.89. The token can be stored in various ERC20 wallets since it is based on the Ethereum blockchain. Some of this wallets include Exodus, Jaxx Wallet and Coinspot among others.
The Monaco team is composed of individuals with diverse expertise in fields such as business management, technology and finance. Kris Marszalek is the teams CEO, Rafael Melo is the CFO, Gary Or is the CTO and Bobby Bao is the head of corporate development. The company has its headquarters in Hong Kong.