Monaco Estate Token STO (MEST)
Real Estate investment in cryptocurrency
Start Date
01 May, 2018
End Date
30 Jun, 2018
Monaco Estate Token Score Analysis
Monaco Estate uses blockchain and Ethereum smart contracts to allow its token holders to purchase real estate in Monaco and/or receive monthly dividends. There are quite a few other ICOs that have done and are currently doing this so other than being the only ones dealing specifically in Monaco (with all the tax benefits that come with it), Monaco Estate doesn't really have any competitive edge. The product is as of now totally undeveloped and MEST's smart contracts will only start being developed once the ICO has concluded. The team is mostly good, having hired a company that specializes in the development of blockchain and smart contract technology but Monaco Estate's CEO is only somewhat experienced and the team lacks marketers of any kind. The marketing is decent but has been met with indifference by the crypto community.
Monaco Estate Token Use of Token
MEST is Monaco Estate's native token. MEST is an Ethereum based ERC20 token. There will be a total of 100 million MEST tokens. 80 million MEST tokens will be distributed via the Pre-sale and ICO crowdsale, and the remaining 20 million will be held by Monaco Estate's team. The ICO will be compliant with Anti-Money Laundering (AML) international regulations and the Know Your Customer (KYC) rules.
Organization
Monaco Estate Token
Platform
Ethereum
Coin type
Security Token
Category
Real estate
Soft cap
2,000 ETH
Max cap
50,000 ETH
Max supply
100,000,000 MEST
Price
0.00063 ETH
Monaco Estate Token Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
Monaco Estate Token Distribution
Monaco Estate Token Use of Proceeds
Monaco Estate Token Past Events
- 31 May, 2019
10% token bonus to all pre-sale investors. Token Sale to last 15 days or until pre-sale limit of 3,000 ETH reached.
- 30 June, 2019
30 day ICO with hard cap of 50,000 ETH
- 31 July, 2019
Liquidate part of ICO to fiat, MEST starting on cryptocurrency exchanges, and setup Monaco company
- 31 August, 2019
Develop investors platform and liquidate ½ to FIAT
- 30 September, 2019
Properties purchased will be listed on the publicly available investor platform website
- 31 October, 2019
Property purchase completion - Receive keys
- 30 November, 2019
Hand over to Monaco lettings agents to find tenants and manage the rentals, ensures minimum downtime with empty properties
- 31 December, 2019
First ETH payout to all MEST token holders who are holding MEST in a Ethereum wallet