Monaco Token update - MCO token unlocking and trading start between Monday 26th and Tuesday 27th of June

Just heard from Kris Marszalek at Monaco. Here's the info:

UPDATE ON MCO TOKEN RE-ISSUANCE PROGRESS

Hi Everyone,

This is a TokenMarket update on the progress we're making with re-issuance of MCO tokens following Monaco Token Sale.

What has been done so far:

• debugged & resolved the Smart Contract issue potentially causing MCO token multisig wallet incompatibility
• downloaded all Monaco Token Sale transactions
• tested the new token re-issue on Kovan testnet

What is in progress now:

• testing on Ethereum Mainnet

What remains to be done:

• subject to successful Ethereum Mainnet test, re-running of all 12,000+ Monaco Token Sale transactions on Ethereum Main Net
• issuing of additional MCO tokens as per white paper
• unlocking of the MCO token

Timing:

• while we were 100% committed to the previously communicated timeframe of token re-issue before 6pm HK time on Jun 25th, we are now being slowed down by the Ethereum Mainnet, caused by network congestion
• once the Mainnet test is completed successfully, we will initiate the token re-issue, which everyone can track on Etherescan
• we will also communicate the new Contract Address to exchanges, investors and wallet providers, so that all parties can make relevant updates
• our current best estimate is that the entire process will take another 24 to 48 hours, subject to Ethereum Mainnet performance
• that would place the MCO token unlocking and trading start between Monday 26th and Tuesday 27th of June

TokenMarket and Monaco teams are working closely together and will provide further updates on the exact timing of trading commencement on exchanges as we get closer to the finish of token re-issue.

The re-issue was absolutely the best choice to assure good long term performance of the token. Thank you for your patience and understanding.

Please follow TokenMarket and Monaco on Twitter and join our Slack for further updates.

Kris Marszalek
Co-founder & CEO
Monaco

Full article here..
http://mailchi.mp/cbe2ad214454/thank-you-whats-next-228723?e=3ecec12fdb