Today MCO price in US dollars is currently
5.58
USD, and if converted to Bitcoin is
0.00057285
BTC. A total of 9,047 coin's are currently circulating in the Market. MCO prices are currently experiencing a change of 0.22 %, check all cryptocurrency. Over the past 24 hours 0.479 M US dollarsMCO has been traded on Crypto Exchanges. Get MCO's progress by adding it to your favourites and creating a free portfolio if you wish.
Headquartered in Hong Kong, Crypto.com is a cryptocurrency payment platform. It provides users with a mobile app for both Android and iOS devices where it is possible to transact, store, monitor and/or manage their cryptocurrencies. Investment tools and MCO visa cards are also available for the users on Crypto.com.
The MCO token is an Ethereum-based (ERC-20) cryptocurrency. The token was developed by Crypto.com and is able to serve as a medium of exchange value between users within the platform.
The MCO Token Sale was conducted in May-June 2017 and raised US$26.7 million.
Technology
MCO Crypto Technology
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Features
MCO Crypto Features
Sorry, detailed features about MCO is not currently available
Headquartered in Hong Kong, Crypto.com is a cryptocurrency payment platform. It provides users with a mobile app for both Android and iOS devices where it is possible to transact, store, monitor and/or manage their cryptocurrencies. Investment tools and MCO visa cards are also available for the users on Crypto.com.
The MCO token is an Ethereum-based (ERC-20) cryptocurrency. The token was developed by Crypto.com and is able to serve as a medium of exchange value between users within the platform.
The MCO Token Sale was conducted in May-June 2017 and raised US$26.7 million.
The top 500 contributors receive a special edition 'Black Card'
Use of Funds
35% - R&D and Product Development Includes opening of an R&D centre in Shenzhen with approximately 20-30 engineers.
20% - Marketing and Customer Acquisition The marketing budget is not significant compared to the target number of customers we intend to acquire. The key source of new customers is going to be word-of-mouth, as the product gives users a very strong commercial incentive to download the App and get the MCO Card. There are natural network effects built into the product around the P2P money sending function, which will lower the average customer acquisition cost (CAC) substantially.
15% - Initial Capex, including costs of e-Money licenses, compliance and architecture setup Some of our key partners are listed in section 4 of the document. There is a substantial cost associated with integrating all those partners, acquiring all the necessary licenses across multiple jurisdictions, building out compliance teams, legal fees and general technical architecture setup.
30% - Working Capital Our product – the first and only Universal Money App - is bridging the gap between the worlds of crypto and fiat currencies. In order to offer our users real-time access to funds and perfect exchange rates without mark-up, we will have to bridge funding gaps between multiple parties using our own balance sheet.
Escrow holders
Kris Marszalek – Founder @ Foris
Mikko Ohtamaa – CTO @ TokenMarket
Timothy Hitchens – Head of Solution Architects, Worldwide Public Sector - APJ at Amazon Web Service
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