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torrentco
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May 19, 2017, 08:32:27 AM |
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what is it to do with tokencard? |
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"The nature of Bitcoin is such that once version 0.1 was released, the
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CoinManiac1
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May 19, 2017, 03:47:57 PM |
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With TKN, 1% of TX fees are indirectly given to TKN holders. Even a tiny fraction of the Visa enabled debit card annual market share of $7 trillion will make TKN very valuable.
How 1% of TX fees are indirectly given to TKN holders. I am not able to understand. Can you care to clarify more? |
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Kazadar
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May 19, 2017, 05:05:32 PM |
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With TKN, 1% of TX fees are indirectly given to TKN holders. Even a tiny fraction of the Visa enabled debit card annual market share of $7 trillion will make TKN very valuable.
How 1% of TX fees are indirectly given to TKN holders. I am not able to understand. Can you care to clarify more? 1% of all transactions will be stored in a smart contract. At any time you can choose to burn your tokens to receive a share of that amount. So if there is $1 million dollers in the smart contract and you own 0.1% of the all remaining tokens, you can burn them to receive $1000. |
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CoinManiac1
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May 19, 2017, 07:16:23 PM |
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With TKN, 1% of TX fees are indirectly given to TKN holders. Even a tiny fraction of the Visa enabled debit card annual market share of $7 trillion will make TKN very valuable.
How 1% of TX fees are indirectly given to TKN holders. I am not able to understand. Can you care to clarify more? 1% of all transactions will be stored in a smart contract. At any time you can choose to burn your tokens to receive a share of that amount. So if there is $1 million dollers in the smart contract and you own 0.1% of the all remaining tokens, you can burn them to receive $1000. So, if TKN rewards holder with a fraction of TX fees, doesnt it count as a security... |
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Jimmi Andersen
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May 19, 2017, 08:22:19 PM
Last edit: May 19, 2017, 08:37:06 PM by Jimmi Andersen |
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Quick question. What will happen if all the tokencards are burnt? Nobody would be able to withdraw the fees so they just sit there? Or what? And could anyone explain how this ERC20 stuff works. As I understand we don't really have other cryptocurrencies with tokencard but ERC20 tokens which is somehow pegged to the cryptocurrencies. How is the peg maintained?
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Easy2Mine
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May 19, 2017, 08:55:08 PM |
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When you purchase the card, will we receive ? What will be the price .
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Kazadar
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May 19, 2017, 09:57:31 PM |
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So, if TKN rewards holder with a fraction of TX fees, doesnt it count as a security...
It was restricted for US residence if I remember right. It doesnt pay you anything unless you burn you tokens, so I am guessing its an edge case as the definition of a security varies from country to country. Quick question. What will happen if all the tokencards are burnt? Nobody would be able to withdraw the fees so they just sit there? Or what? And could anyone explain how this ERC20 stuff works. As I understand we don't really have other cryptocurrencies with tokencard but ERC20 tokens which is somehow pegged to the cryptocurrencies. How is the peg maintained?
I dont know what would happen if all TKN were burned. The smart solution would be to stop charging the 1% fee. ERC20 tokens are not generally pegged to any cryptocurrencies. They are most often part of projects just like Tokencard TKN. They can be used to represent almost anything you can think of. Some are money backed by gold, some represent a share in a portfolio, others again represent shares in a company, and the list goes on. |
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Densitymax
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May 21, 2017, 02:06:36 PM |
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As I understand it is an unofficial branch of this project, because I'm not see here developers.
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sidik7
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May 21, 2017, 02:12:08 PM |
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no bounty for social media,
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Loerresso
Newbie
 Offline
Activity: 35
Merit: 0
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May 22, 2017, 10:57:50 AM |
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it's a shitcoin. my first big mistake since march 2017 is tokencard. i will never invest again in shitcoins there support other shitcoins. i sold my position now and bought other stuff.
goodbye asshole
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Turing
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May 22, 2017, 11:05:10 AM |
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it's a shitcoin. my first big mistake since march 2017 is tokencard. i will never invest again in shitcoins there support other shitcoins. i sold my position now and bought other stuff.
goodbye asshole
I don't think the team is reading your compliments, since the team isn't on Bitcointalk. I'm sure there's an announcement this week, maybe even today. |
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Turing
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May 22, 2017, 11:08:33 AM |
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no bounty for social media,
Nope, the 12.5 million Dollar ICO was over in ~27 minutes so not much need for a bounty  |
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Turing
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May 22, 2017, 11:18:53 AM |
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it's a shitcoin. my first big mistake since march 2017 is tokencard. i will never invest again in shitcoins there support other shitcoins. i sold my position now and bought other stuff.
goodbye asshole
I don't think the team is reading your compliments, since the team isn't on Bitcointalk. I'm sure there's an announcement this week, maybe even today. Oh, that's quick, TKN is moving up again on Bittrex. |
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Kazadar
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May 22, 2017, 11:29:35 AM |
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it's a shitcoin. my first big mistake since march 2017 is tokencard. i will never invest again in shitcoins there support other shitcoins. i sold my position now and bought other stuff.
goodbye asshole
I don't think the team is reading your compliments, since the team isn't on Bitcointalk. I'm sure there's an announcement this week, maybe even today. Oh, that's quick, TKN is moving up again on Bittrex. Hey stop that! I was hoping to get some cheap TKN once I get home from work  |
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Loerresso
Newbie
Offline
Activity: 35
Merit: 0
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May 22, 2017, 11:54:22 AM |
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Turing
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May 22, 2017, 12:50:50 PM |
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 fuck, its bumping. end my life Yeah, must be the Gibraltar news. |
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super55
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May 22, 2017, 10:19:47 PM |
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fuck, its bumping. end my life Yeah, must be the Gibraltar news. GATDAMMIT Gorge & Jerry...what u guys are doing  If you don't invest in TokenCard how you are going to afford to send your parents to Del Voca Bista  |
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Jian_Liux
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May 23, 2017, 12:30:54 AM |
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Wow, many people has hold some Tokencard. My balance not eligible to get some TKN soon  |
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super55
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May 23, 2017, 12:41:27 AM |
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Wow, many people has hold some Tokencard. My balance not eligible to get some TKN soon There still time before the snapshot....so you still can buy from exchange to be in top 1000 |
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