I also invested in the ICO. It seems like it could be great, although it coulr also easily fail. I don't have expectations either way. I hope Monaco succeeds though.
One thing I didn't like was that MCO tokens were pegged to ether directly, so when the price of ether spiked half way through their ICO, people who paid 1 ETH when ether was worth x2 more didn't get more tokens, where as Polybius pegged their token price to USD so my ether went farther in their ICO.
I see, they should've handled that differently! It was easy to get into a disadvantage since the Ether price changed so much.
Yea, they also put themselves at risk if the price of ether collapsed during the ICO.