Review on Monolith by Fabrizio Zampieri
TokenCard, a London based Company, is an important project where users are…
TokenCard, a London based Company, is an important project where users are able to load cryptocurrency onto a card and use it like they would any other credit or debit card. TokenCard is a debit card that users can use anywhere in the world where debit and credit cards are accepted, including at ATMs. users fund their card with an allowance from their ERC-20-compatible contract wallet.
Founders mission is to build a consumer banking experience for the crypto world within the decentralization. There is a great and important difference with traditional banking sector: TokenCard users have full control of their assets.
There are already multiple funding options for the card:
- Every user can choose to fund their TokenCard with ETH and TKN;
- Users can also select as many as five of the following cryptocurrencies: REP, DGD, MKR, ICN, GNT, MLN, SNGLS, and 1ST;
- The community will choose which specific tokens should be included in the functionality of TokenCard.
The core of TokenCard is the Token Contract Wallet. This Ethereum smart contract wallet is where users store their tokens. When they swipe their TokenCard, funds are removed from this wallet.
TokenCard (TKN) is an ERC20 token based on the Ethereum blockchain. TokenCard has a current supply of 39 406 760 TKN with 29 295 595 TKN in circulation.
TKN is tradable on Ethfinex, HitBTC, IDEX, Bancor Network and Livecoin exchanges.
Pros
- - TokenCard accepted at millions of merchants and ATMs worldwide. - Competitive pricing and instant settlement on assets. - TokenCard App. - Users wallet is 100% decentralised. - Users can freeze their card instantly if they misplace it. - High level security (users passphrase is their key, it is possible to backup and restore wallet on any device, users assets are safe in a triple-audited smart contract wallet, possibility of register and set whitelisted addresses and withdrawal limits to protect own assets in case of compromise). - Professional and well skilled team.
Cons
- - Young project, still in early stages. - TokenCard ROI: -35,83% (he approximate return on investment if purchased at the time of launch). - High turnover in TokenCard team (maybe there are some important issues within the team).
