Bitcoin Forum
April 20, 2019, 07:26:42 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 »
  Print  
Author Topic: [ANN] TOKENCARD  (Read 86750 times)
FandangledGizmo
Legendary
*
Offline Offline

Activity: 1141
Merit: 1001


View Profile
May 10, 2017, 06:35:43 PM
 #501


If you believe blockchains will continue to grow in value & that there will be a growing demand among crypto-currency users for VISA enabled debit cards then you can at least admit that there is a very bright and profitable future for the market leader in this space.

Quote
In 2014 the leader was Visa debit cards, which this year grew to $6.239 trillion.
https://www.nilsonreport.com/publication_special_feature_article.php

How much of that $6 trillion market share will the leading crypto VISA enabled debit card account for in a few years? Even 1% will be $60 Billion and $600 million in fees per year. Very few if any blockchain projects have the potential to be that profitable within the next 5 years.

However those other companies you mentioned are largely unknown and will pay a fortune in marketing to attract a handful of users. TKN on the other hand already has thousands of crypto-currency shareholders who are all potential/likely customers and promoters. In addition they have constant free marketing exposure to the entire crypto market given that their brand will be traded on the majority of exchanges where their potential customers are present and it is already in the top 50 by market cap.

When they release in 4 months 95% of alt-coin holders will know who TKN are while less than 1% would probably be able to name the competitors you just listed.

In addition one of the key USP's of TKN as far as I can tell vs. existing competitors is the smart contract wallet

Quote
4.1 Smart Contract Wallet
Upon a user joining the platform they launch their own Token Contract Wallet, or grant allowances to their existing wallets.
This Contract Wallet acts as the equivalent of a bank account that holds funds and enforces security parameters, but, crucially, it is controlled only by the user. Users run through a setup wizard and are prompted to customize settings to fit their preference, including:
• Setting daily limits to safeguard assets
• Setting up a base currency for example ETH (any fiat deposited into this will automatically convert upon load).
Typically digital currency security is a tradeoff between usability and functionality. Users must trade security of their funds for convenience when they decide whether to hold tokens themselves or leave them at an exchange. We think we can do better.
By shifting control of user assets back into their own hands and giving them easy to manage fine-grained control of their digital assets safeguarded by the security of smart contracts, users can have better security and substantially improved usability.

(WhitePaper)


  
Visit and contribute to reddit.com/r/Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1555788402
Hero Member
*
Offline Offline

Posts: 1555788402

View Profile Personal Message (Offline)

Ignore
1555788402
Reply with quote  #2

1555788402
Report to moderator
1555788402
Hero Member
*
Offline Offline

Posts: 1555788402

View Profile Personal Message (Offline)

Ignore
1555788402
Reply with quote  #2

1555788402
Report to moderator
1555788402
Hero Member
*
Offline Offline

Posts: 1555788402

View Profile Personal Message (Offline)

Ignore
1555788402
Reply with quote  #2

1555788402
Report to moderator
mummybtc
Hero Member
*****
Offline Offline

Activity: 868
Merit: 500



View Profile
May 10, 2017, 06:53:56 PM
 #502

So will it be as simple as using regular card?
Yes. The main difference is that the funds are drawn from your eth address and not your bank account.

What I will like to know is the spread that the team will allow, we all know that ALtcoins are very volatile and the team will surely want to protect themselves from this
minersday
Hero Member
*****
Offline Offline

Activity: 854
Merit: 514



View Profile
May 10, 2017, 07:08:26 PM
 #503

4.1 Smart Contract Wallet
Upon a user joining the platform they launch their own Token Contract Wallet, or grant allowances to their existing wallets.
This Contract Wallet acts as the equivalent of a bank account that holds funds and enforces security parameters, but, crucially, it is controlled only by the user. Users run through a setup wizard and are prompted to customize settings to fit their preference, including:
• Setting daily limits to safeguard assets
• Setting up a base currency for example ETH (any fiat deposited into this will automatically convert upon load).
Typically digital currency security is a tradeoff between usability and functionality. Users must trade security of their funds for convenience when they decide whether to hold tokens themselves or leave them at an exchange. We think we can do better.
By shifting control of user assets back into their own hands and giving them easy to manage fine-grained control of their digital assets safeguarded by the security of smart contracts, users can have better security and substantially improved usability.

(WhitePaper)
[/quote]

I do believe blockchains will grow and grow, debit/credit cards will grow.
I also believe there will be crack down on these "unmonitored" cards, when there's enough crypto growth and currently you need to identify yourself to the provider of these cards, and you can annually receive (deposit) some 2000eur before it will be on the record (anti money laundering rules).
They need to figure out how to comply on all of the banking rules, even when using the third party (all of the payment chain needs to be traceable to a person).
It's too big of a leap currently on my opinion, the idea is nice thou...

what comes to this tokencard, I still haven't seen the company anywhere on official records, which was mentioned on the token agreement... etc..

█▀▀█
██▄█
BESTMIXER.IO // BEST BITCOIN MIXER
█▀▀█
██▄█
Kazadar
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


View Profile
May 10, 2017, 07:09:35 PM
 #504

So will it be as simple as using regular card?
Yes. The main difference is that the funds are drawn from your eth address and not your bank account.

What I will like to know is the spread that the team will allow, we all know that ALtcoins are very volatile and the team will surely want to protect themselves from this
Its not the team that would need to protect themself. Its you as far as I can see. You are the one keeping the tokens on your account. I am guessing they are sold at marketprice according to coinmarketcap or similar site.

But this is not an official thread so you likely wont get an official answer.

minersday
Hero Member
*****
Offline Offline

Activity: 854
Merit: 514



View Profile
May 10, 2017, 07:15:07 PM
 #505

So will it be as simple as using regular card?
Yes. The main difference is that the funds are drawn from your eth address and not your bank account.

What I will like to know is the spread that the team will allow, we all know that ALtcoins are very volatile and the team will surely want to protect themselves from this
Its not the team that would need to protect themself. Its you as far as I can see. You are the one keeping the tokens on your account. I am guessing they are sold at marketprice according to coinmarketcap or similar site.

But this is not an official thread so you likely wont get an official answer.

So basically if marketprice bugs on coinmarketcap as it has, they will get wrong values and all is lost.... not good.. and they are using 3rd party provider for value, which is not also good..
where this will be implemented? needs a infrastructure to be maintained, who maintains this? what happens if it gets hacked? what if coinmarketcap gets hacked...
Lot's of questions...

█▀▀█
██▄█
BESTMIXER.IO // BEST BITCOIN MIXER
█▀▀█
██▄█
Prozak
Full Member
***
Offline Offline

Activity: 155
Merit: 100


View Profile
May 10, 2017, 11:47:44 PM
 #506

So will it be as simple as using regular card?
Yes. The main difference is that the funds are drawn from your eth address and not your bank account.

What I will like to know is the spread that the team will allow, we all know that ALtcoins are very volatile and the team will surely want to protect themselves from this
Its not the team that would need to protect themself. Its you as far as I can see. You are the one keeping the tokens on your account. I am guessing they are sold at marketprice according to coinmarketcap or similar site.

But this is not an official thread so you likely wont get an official answer.

So basically if marketprice bugs on coinmarketcap as it has, they will get wrong values and all is lost.... not good.. and they are using 3rd party provider for value, which is not also good..
where this will be implemented? needs a infrastructure to be maintained, who maintains this? what happens if it gets hacked? what if coinmarketcap gets hacked.[/b]..
Lot's of questions...

Your words sound like some disease Cheesy
graviteta
Sr. Member
****
Offline Offline

Activity: 419
Merit: 250



View Profile
May 11, 2017, 01:06:43 AM
 #507

what will tokencard do with bancor? whats partnership?




▄▄▄                                          ███                ▄▄▄     ███
███                                          ███               ▐███▌    ███
███                                          ███                ▀▀▀     ███
███        ▄███████▄   ▐███▄█████▄     ▄▄███████ ▄▄███████▄▄    ███   ███████▄
███       ████▀  ████  ▐████▀▀████▌   ████▀▀██▀▄████▀▀▀▀▀███▌   ███   ▀▀███▀▀▀
███      ▐████▄▄▄████  ▐███    ███▌  ████    ▄████▀▄█▌   ▐███   ███     ███
███      ▐███▀▀▀▀▀▀▀▀  ▐███    ███▌  ███▌   ████▀▄███▀   ▐███   ███     ███
███       ████▄    ▄▄  ▐███    ███▌  ████▄   ▄█████▀▄█   ████   ███     ███▄ ▄▄
▀████████  ▀████████▀  ▐███    ███▌   █████████▀▀  ████████▀    ███     ▀█████▀

ALL YOU NEED IS LOAN





















           ▄▄██████▄▄
       ▄▄██████████████▄▄
    ▄▄████████████████████▄▄
 ▄████████████████████████████▄
████████████▌  █████████████████
████████████▌  █████████████████
███████▀▀      ███▀      ▀██████
██████   ▄██▄▄▀▀  ▄▄▄██▄   █████
█████▌  ████    ▄▀  ████   █████
█████▌  ▐███▄▄▀▀  ▄▄████   █████
██████   ▀▀▀   ▄▄█▀  ▀▀   ▄█████
████████▄▄▄▄███████▄▄▄▄▄████████
▀██████████████████████████████▀
   ▀▀███████████████████████▀▀
      ▀▀████████████████▀▀
          ▀▀▀██████▀▀▀
tomsmith26
Hero Member
*****
Offline Offline

Activity: 966
Merit: 512


View Profile
May 11, 2017, 03:11:10 AM
 #508

what will tokencard do with bancor? whats partnership?

I think it's not working with bancor .
it's just a coin using debit card to deposit or withdraw money from value of this coin.
Geenstijl
Legendary
*
Offline Offline

Activity: 1218
Merit: 1000



View Profile
May 11, 2017, 10:24:01 AM
 #509

Pluton will be launching this summer. It will mean that you can pay anywhere with ETH and BTC where you can use NFC bank cards.

https://blog.status.im/ethereum-dapp-creators-10-plutus-2c08689afdcc

TKN is basically the same idea. The difference is that PLU is almost done developing, whereas TKN is still at the beginning.

                      ▄█████▄
                      ███████
                      ███████▓▄
                     ▄█▓▀     ▀█▓▄
                    ▄█▓▀        ▀█▓▄
                   ▄█▓▀           ███████▄
               ▄██████   ██████▄   ████████ 
              ████████   ███████   ▀█████▀             
              ▀███████   ███████
                  ▀█▓▄    █▓   █▓
                     ▀█▓▄ █▓     █▓▄█████▄
             ▄██████    ██████▄  █████████
            ████████    ███████    ██████▀
            ▀███████    ▀█████▀ ▄█▓▀
                   ▀█▓▄        ▄█▓▀
                      ████████▓▀
                      ████████
                      ▀██████▀

                                                           
           ▄██▄▄               ▄▄▄▄                  ███   
        ▄██▀  ▀██▄         ▄▄████████   ██████       ███   
     ▄██▀        ▀██      ▄██       ███ ███  ███     ███   
     ███                 ▄██            ███   ███    ███   
     ███                ▄██             ███     ███  ███   
     ███                ███             ███       ██████   
     ███████████████    ██████████████  ███                 
customcontract.network

theomoplatapus
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250



View Profile
May 11, 2017, 02:52:22 PM
 #510

Pluton will be launching this summer. It will mean that you can pay anywhere with ETH and BTC where you can use NFC bank cards.

https://blog.status.im/ethereum-dapp-creators-10-plutus-2c08689afdcc

TKN is basically the same idea. The difference is that PLU is almost done developing, whereas TKN is still at the beginning.
Read the TKN white paper. It is a very different solution. TKN is itself a constantly growing store of value. Not to discredit Plutus, it very well could be a good solution too.

theomoplatapus
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250



View Profile
May 11, 2017, 03:28:43 PM
 #511

what will tokencard do with bancor? whats partnership?
Bancor will help bring value and functionality to TKN. I would even say that TKN won't reach its full potential if Bancor is not successful.

iwantapony
Hero Member
*****
Offline Offline

Activity: 680
Merit: 512

★YoBit.Net★ 1400+ Coins Exchange


View Profile
May 12, 2017, 11:20:32 AM
 #512

https://www.reddit.com/r/TokenCard/comments/6ak5cc/i_am_offering_tokencard_an_ama_on_ethtrader/

Reddit AMA with Mel proposed for evening PST on Saturday. 

More details to follow.  Get your questions ready!

Cryptoby
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile WWW
May 12, 2017, 11:29:50 AM
 #513

Where can I buy Token? Or maybe is there somebody who wants to sell his Token?

SKYWAY New Generation of world transport system
Over 400 Billion $ estimated value of intellectual property | At 10th stage of development | 1000% and more possible
Website | Video | Businessplan | Broschure | Register | Sign up & Invest now
iwantapony
Hero Member
*****
Offline Offline

Activity: 680
Merit: 512

★YoBit.Net★ 1400+ Coins Exchange


View Profile
May 12, 2017, 11:32:46 AM
 #514

Where can I buy Token? Or maybe is there somebody who wants to sell his Token?

You can buy tokens from Bittrex !

here is more info - http://coinmarketcap.com/assets/tokencard/

Cryptoby
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile WWW
May 12, 2017, 11:53:39 AM
 #515

Where can I buy Token? Or maybe is there somebody who wants to sell his Token?

You can buy tokens from Bittrex !

here is more info - http://coinmarketcap.com/assets/tokencard/


Very nice ... and thank you  Smiley

SKYWAY New Generation of world transport system
Over 400 Billion $ estimated value of intellectual property | At 10th stage of development | 1000% and more possible
Website | Video | Businessplan | Broschure | Register | Sign up & Invest now
suppyana
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
May 12, 2017, 02:00:45 PM
 #516

What is the price of TKN Huh
Solarama
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
May 12, 2017, 02:01:13 PM
 #517

Token card AMA on ethtrader.... from reddit...
https://www.reddit.com/r/TokenCard/comments/6ak5cc/i_am_offering_tokencard_an_ama_on_ethtrader/

Mel Gelderman
[–]monolithdao_mel 7 points 5 hours ago

Hey! /u/kashivretwo thanks for the offer. Please schedule one for Saturday evening (PST) if possible.
I hope it will clear up some things and put peoples minds to rest; I've seen the same questions come a number of times now. A lot of progress has been made, and early next week we should (finally) be able to make a large public announcement.
That being said, please keep in mind we are under contract with several large entities. Confidentiality of contract & technology specifics is a touchy subject, and I won't risk breaching it. The openness people have come to expect of publicly funded projects is something that does not always work when the project deals with entities who traditionally operate in a very discrete manner. We don't want to test the limits of our ongoing relationship for the sake of the impatient few.
permalinkembedsavereportgive goldreply

[–]cryptostasher 6 points 23 hours ago
Would be a good idea. Go for it mel. That visa rumours need to be sorted out


VISA now on the website again (but not on the card)

buy signals?
imconfusedman
Copper Member
Newbie
*
Offline Offline

Activity: 116
Merit: 0


View Profile
May 12, 2017, 03:23:04 PM
 #518

What is the price of TKN Huh

http://coinmarketcap.com/assets/tokencard/#charts
reffi
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


View Profile
May 12, 2017, 05:51:50 PM
 #519

This is great idea, i was waiting for this to happen!
Is it same like buying prepaid Visa from store, without your name on it and you just have to add funds to it?  Or do I have to register and provide all my details, name, address, social numbers??
welshminer
Newbie
*
Offline Offline

Activity: 39
Merit: 0


View Profile
May 12, 2017, 06:45:20 PM
 #520

This is great idea, i was waiting for this to happen!
Is it same like buying prepaid Visa from store, without your name on it and you just have to add funds to it?  Or do I have to register and provide all my details, name, address, social numbers??

Most companies offering bitcoin debit card work like this - you give them name, surname and address, they send you the card but it has limits like $2,5K lifetime. If you wish to remove limits you provide ID and Utility bill. Then you get like $20K per day and no lifetime limits.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!