Projects: platforms for payments in fiat and cryptocurrencies.
Monaco and Beluga Pay introduce cryptocurrencies to mass circulation by creating convenient tools for making and accepting payments for goods and services in both fiat and cryptocurrencies. Websites: Monaco:mona.co Beluga Pay:belugapay.com
Beginning of development;Q2 2016;Q3 2014
What's in common
Accepted Currencies;fiat, ETH, BTC, and all major tokens with ERC20 standard;fiat, ETH, BTC, and all major tokens with ERC20 standard
Banking license;Nov 1 2017 — Visa. Singapore;Dec 2015 — Visa, MasterCard. Mexico
Mobile app;Working app — Aug 31 2017;App is in a private testing stage
Payout to token holders;1% of total payments;0,5% of total payments + bonuses for the number of tokens
Payments are available in cryptocurrencies (BTC, ETH, ERC20 standard tokens) and in fiat currency.
Both platforms are Ethereum-based.
Token holders will get a commission from all the payments made on the platform. Monaco — 1%, Beluga Pay — 0,5% + bonuses depended on the number of tokens.
A mobile app for Android and iOS. The Monaco app is available for users from Aug 31, 2017. The Beluga Pay app is currently in a private testing stage.
Banking license. Monaco signed an agreement with Visa in Singapore on November 1, 2017. Beluga cooperated with a bank in Spain at the end of 2015.
An automatic cryptocurrency conversion at the most competitive rate.
Bonuses for using the system.
Target market;Asia;Latin America
Additional;Plastic cards;Payment terminals, management system for restaurant business
Markets: Monaco — Asia; first cards are available for Singapore residents. Beluga Pay — Latin America; first payment terminals are installed in Mexico.
Monaco's main product for the realization of payments' function is plastic cards Visa and Master Card with the opportunity to pay in fiat and cryptocurrencies. The main Beluga Pay's product — the payment terminals with the possibility to receive fiat money and cryptocurrency when paying with Visa and Master Card.
A distinctive feature of Beluga Pay is the existence of the ready-made management system for the restaurant business.
ICO;May 18 — June 18, 2017;Pre-sale is live, ICO — 1 March 1, 2018
Raised Funds;71 392 ETH ($25 million by the end of an ICO);Hard cap — 100 000 ETH ($46,7 million as of today)
Monaco's ICO was held from May 18 to June 18, 2017. The raised funds: 71 392 ETH ($25 million by the end of the ICO).
Beluga's ICO starts on March 1, 2018. Pre-sale — December - February 28. Hard cap — 100 000 ETH ($46,7 million as of today).
Token;MCO (ERC20);BBI (ERC20)
Token issue;31,6 million;100 million
Token price;$2,88 (average), $0,68 at the beginning;$1,41 (min based on rate on 05.12.17)
Token trading;June 2017;Feb 2018 (planning)
The average Monaco rate during the ICO was $2,88. The price as of today is $15,4. After 6,5 months the MCO token price has grown in more than 5 times.
Currently, the minimum price of the BBI token at the pre-sale is 331,2 BBI = 1 ETH, or 1 BBI = $1,41 (at the rate as of 05.12.17).
To sum up
Looking objectively, Beluga Pay is not inferior to Monaco and has an extra advantage of the additional management system for the restaurant business. Therefore, taking part in their ICO can give you quite strong possibilities to make a profit in the medium term (for a few months at least).