[ANN] TOKENCARD

[Turing]

I think the fact TKN purported to have a partnership with VISA for the ICO, when they clearly didn't, says a lot about the company.

Notice all references to VISA are now gone from the Tokencard website, compared with early May version on web.archive.org, along with the VISA logos on images of the card.

From my history in copywriting, I'm going to bet the VISA lawyers rounded up all these ICO card projects and forced them to remove their trademark or face civil action. There clearly was never a partnership and they are now making it up as they go. It's just another prepaid card (of many on the market already). Oh, and they probably damaged any chance of a relationship with VISA by attempting to profit off their back. I wouldn't be surprised if VISA are taking them to court for damages.

Frickin' wild west. I'm surprised the regulators haven't come down on these ICO scams already. Don't worry it will probably 10x in price regardless.

Tokencard will be on a VISA gateway.

Your effort was good but not enough.

[1715164073]

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[DutchCoiner]

If I look at the cart @coinmarketcap it seems a stable bottom to buy right now.

Opinions on this?

[Jimmi Andersen]

I think the fact TKN purported to have a partnership with VISA for the ICO, when they clearly didn't, says a lot about the company.

Notice all references to VISA are now gone from the Tokencard website, compared with early May version on web.archive.org, along with the VISA logos on images of the card.

From my history in copywriting, I'm going to bet the VISA lawyers rounded up all these ICO card projects and forced them to remove their trademark or face civil action. There clearly was never a partnership and they are now making it up as they go. It's just another prepaid card (of many on the market already). Oh, and they probably damaged any chance of a relationship with VISA by attempting to profit off their back. I wouldn't be surprised if VISA are taking them to court for damages.

Frickin' wild west. I'm surprised the regulators haven't come down on these ICO scams already. Don't worry it will probably 10x in price regardless.

FUD. You either know that or would have known it if you did a little reading.

[Jimmi Andersen]

If I look at the cart @coinmarketcap it seems a stable bottom to buy right now.

Opinions on this?

You can't predict the price. It could fall 90 % or increase 100+ % tomorrow. If you think the price will be higher in a few years then buy. If you don't then don't buy. It's that simple.

[romanipk]

Everything is lost ?

[Apollo777]

Pretty quiet in these parts of town....
for a project being funded 166,000+ ETH.  

HODL.

[olliedickman]

omg. Huge dump has just came to the town. TKN is now only 35k sat and it will be even lower

[Turing]

omg. Huge dump has just came to the town. TKN is now only 35k sat and it will be even lower

A lot of coins dropped today, happens sometimes.

[Mac0ni]

The card is neat and they'll make money off the fee (I think?) but what's the point in the tokens? I mean from an investor's standpoint? You can argue that the system functions much smoother with their own token, alright, but why does the value of that token matter I mean (why would it ever appreciate in value)?

[Kazadar]

The card is neat and they'll make money off the fee (I think?) but what's the point in the tokens? I mean from an investor's standpoint? You can argue that the system functions much smoother with their own token, alright, but why does the value of that token matter I mean (why would it ever appreciate in value)?

Most of the fee is tied to the tokens. 1% of all the transactions are stored in a smart contract. You can then burn the tokens to receive a share in the stored amount.
Once the token is burned it is destroyed, leaving fewer people to share all future fees.

[lijoe408]

I bought into this b/c of the hype but wish I had just kept my eth.  The more and more I think about this card, it makes zero sense.  All Erc20 tokens are pretty much being used as speculation/investment vehicles at this point.  It'll be 10 years before most of this tech is integrated into our daily lives.  I dont see a reason why anyone would want to spend any of their tokens at this point, especially with the wild fluctuations.  If there was a real market for this, then stock brokerages would have made something like this a decade ago.  It's akin to etrade offering a card that automatically sells some of your stock holdings and then charging you a fee to do so. The tokens collecting value from transactions sounds good in theory, however in reality I can't see anyone using this card.

[Kazadar]

I bought into this b/c of the hype but wish I had just kept my eth.  The more and more I think about this card, it makes zero sense.  All Erc20 tokens are pretty much being used as speculation/investment vehicles at this point.  It'll be 10 years before most of this tech is integrated into our daily lives.  I dont see a reason why anyone would want to spend any of their tokens at this point, especially with the wild fluctuations.  If there was a real market for this, then stock brokerages would have made something like this a decade ago.  It's akin to etrade offering a card that automatically sells some of your stock holdings and then charging you a fee to do so. The tokens collecting value from transactions sounds good in theory, however in reality I can't see anyone using this card.

Well currently you have to make 2 trades, 1-2 crypto transfers and a bank transfer to convert an ERC20 token to fiat. All of which takes time and costs money.
With the card you can do it instantly.

All Erc20 tokens are pretty much being used as speculation/investment vehicles at this point.

This could be applied to all crypto coins and tokens but people still use them for payments.

[idontcare]

Average ICO price of TKN was how much?

39,406,760 tokens were created (including bounties and dev share) for $12.7 so the average price is just about $0.3223. The actual amount paid per tokens is of course higher.

You forgot they collected about $3.5M in tokens (at pre-determined rates - can be found: http://vessenes.com/tokencard-tech-roundup-and-erc20-crediting/ )
So it's about $0.4 per TKN including bounties and dev share.

In fact about 2/3 of participants paid 1 ETH for 100 TKN and only about 1/3 was able to get a discount (150-110 TKN per ETH)

At pre-set ICO x-rates, to get in, people paid something like $0.7 per TKN on average.

Please correct me if I'm wrong.

You are right I forgot about the tokens.
Also 15% of the 39M tokens are locked for now according to the whitepaper, so the availeble supply is about 33.5M

So the 2/3 of ICO participants are barely breaking even at the current price? ($0.871265)

[Densitymax]

Now I understand why the developers were in such a hurry with ICO. They just wanted to ride on the wave of successful sales.

[Geenstijl]

Why a card if you can pay with your phone? Pluton guys. Plutons.

[Kazadar]

Why a card if you can pay with your phone? Pluton guys. Plutons.

All stores where I am from accepts visa. Only a few allows me to pay by mobile app.

[FandangledGizmo]

Why a card if you can pay with your phone? Pluton guys. Plutons.

Plutons will pump on release but it's not valuable imo. Its the free token they give customers while they make $$ on transaction fees. Customers will buy in a range of tokens and just dump the up to 3% in free PLU they get when spending.

TKN is much better, but judging from CEO performance to date, this will probably languish till closer to release.

[torikan]

What is the price of this coin! what we have in vain under the price of ICO. scamCard

[Turing]

Going up again
Looking good.

[mightyMight]

Going up again
Looking good.

Any reason why it fell constantly and why it goes up now? Binding to BTC price?