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RE: Monaco, TenX and Centra - Round 2

in #cryptocurrency7 years ago

Nice work. I am pretty bullish on Monaco Card, it is flying under the radar right now and when they finally start sending out cards and get their other planned features out the door, it is going to skyrocket. People will be surprised, because Monaco has been flying under the radar for too long.

When it comes to a cryptocurrency project I am willing to go long on that isn't Bitcoin, Litecoin or Ethereum - the team behind the project is my number one criteria. If the team is inexperienced, lacks the passion and drive to build a real company (instead of a pump and dump coin), then I will avoid it.

The team behind Monaco Card is the reason I invested into this cryptocurrency, because I am a huge believer in its future potential as a top #10 cryptocurrency project. It is clear the way that Kris runs the company is very different to how other projects are run. Kris seems to prefer slow and steady growth, not rushing into things and meticulously building and planning for the long-term. This in comparison to other projects that merely rebrand themselves and they go up in value.

While Monaco Card still doesn't have cards in the wild yet or working application, when they do release something you will know that not only has it been well-planned prior to release, but well-established and secure because Kris believes in compliance (a trait ingrained in him no doubt from running successful companies).

This is why I am perplexed when people call Monaco Card a scam. Look at the team behind it, they just hired someone with a PhD in Computational Physics, they have Brent Diehl who worked as head of Visa’s AP-CEMEA prepaid consultancy division and Western Union. The team behind Monaco Card know fintech and they know debit cards, money transferring, how to be compliant and everything else in between.

Look at the team behind TenX Pay and I am honestly surprised that anyone trust's TenX Pay as a legitimate or long-term company at all. Their cards are plastic, they make you pay for the card (MCO's cards are free, plastic one requires no lockup and the metal ones require a six month lockup of tokens you get back).

The CEO of TenX Pay seems more of an entrepreneur with no actual CEO experience and you never hear him talk or see him publicly. Then you have Julian Hosp who is pretty suspicious, he has no finance experience either and was a doctor, yet refers to himself as a blockchain expert. When you look at TenX's team, red flags are triggered everywhere, they literally have no one on their team with any experience in fintech or debit cards.

Yes, TenX did beat MCO to market by releasing cards, but they took shortcuts using WaveCrest and it came back to bite them in a huge way. At present, cards are only available in Europe and the fees are terrible, their app is buggy and they keep making promises of new large exchanges, global rollout, a rewards scheme supposedly that has been verbally approved by lawyers (but not yet publicly approved) and most laughable of all: COMIT which is an overhyped layer they are promising for the transactional aspect of their token (which has been repeatedly delayed).

When Kris and the Monaco team start releasing features, they're going to hit the ground running and everyone who slept on this project is going to be FOMO'ing the hardest they've ever FOMO'd.

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