TokenCard: An ethereum debit card

TokenCard can be used to store and transact Ethereum as well as eight other major ERC20 tokens .

Project Description

TokenCard, a project of Monolith Ventures,  is issuing a physical debit card through VISA that is backed by an ethereum wallet contract. TokenCard can be used to store and transact Ethereum as well as eight other major ERC20 tokens including REP, MKR, DGD, ICN, MLN, GNT, 1ST, and SNGLS.

The TokenCard team is raising funds to develop a mobile app that will accompany the card and allow users to customize the underlying wallet contract, send payments, and manage their account.

Project Details

Team openness: Team Bios, Mel Gelderman publicly acknowledges involvement
Blockchain Developer: Unclear
Technical White Paper:      Yes
Available Project Code: No code avaliable
Prototype: Wireframes in white paper

Token Details

Role of token: Fee-sharing rights and voting rights
Token supply: 21 million
Distributed in ICO:      13.6 million
Emission rate: No new coins created
Blockchain: Ethereum

Sale Details

 

Sale period: May 2nd, 2017 to May 9th, 2017
First price: 150 TKN per 1 ETH
Accepted currencies: ETH, Fiat, and ERC20 Tokens
Investment Round: First public offering.
Token distribution date: Immediately after the sale ends.
Min investment goal:      $500,000
Max investment cap: Soft cap at $4.5 million (extending sale for 24hrs)
How are funds held: Smart contract
Minimum Viable Product:       120 days after sale ends
Bonus schedule:
Amount Contributed      TKN:ETH
 $0-$750,000       150
 $750,001-$1,500,000       140
$1,500,001-$2,250,000       130
$2,250,001-$3,000,000       120
$3,000,001-$3,750,000       110
$3,750,001-$4,500,000       100
 Overage period       100

Official Resources