Monolith Studio Announces Crowdsale for TokenCard, the First Debit Card Powered by Smart Contracts

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Monolith Studio has announced its token launch (ICO) for TokenCard, the first debit card powered by smart contracts. TokenCard brings the VISA payments network to Ethereum so that token holders will soon be able to use Ether as well as other ERC20 tokens to purchase items anywhere that accepts VISA debit cards.

TokenCard will launch its ‘token creation’ of a new ERC20 token, called TKN, on May 2nd. TKN holders have a pro-rata share in an accumulation of different Ethereum tokens that accrue to the ‘TKN Asset Contract’. To download the whitepaper and register for updates, please visit http://tokencard.io/.

TokenCard is a project by Monolith Studio, a Web3 startup trying to solve the problem of bringing Ethereum to the real world.

“We are witnessing the birth of the biggest shake up in financial history with the introduction of the Ethereum Economy,” said Mel Gelderman, creator of TokenCard. “TokenCard is a platform that brings this new kind of economy to the general public through a clever trifecta of technology. Users choose a Contract Wallet rather than having to deposit funds outside of their control. TokenCard VISA debit cards draw funds from this contract wallet that support Ether and almost any ERC20 token. Users can use the Token App to operate their Contract Wallet and manage their TokenCard, giving them a top-tier mobile banking experience that adds unique features into the mix like multi-asset spending. For example, users can pay for their afternoon lunch with Ethereum tokens and can even split the bill between for example 30% DGX, 20% REP, and 50% ETH — all this while remaining in full control of their assets.”

Aside from providing a solution for the underlying Ethereum community, TokenCard is uniquely equipped to improve upon the entire spectrum of regular debit card and banking services. Markets like international remittances and asset management are ripe for innovation using Ethereum technology, and TokenCard is well-positioned to reach these new frontiers as a revolutionary financial solution.

While initially providing current token holders with payment utility, the core vision of TokenCard is to build a product that anyone can use. With the accompanying Token app alongside the debit card, regular users will have a familiar platform to access and engage in the Ethereum ecosystem.

“TokenCard makes every token better, letting users spend supported tokens with just a swipe at VISA merchants worldwide,” said Peter Vessenes, founder of New Alchemy. “It has unique benefits for the remittance market, and the TKN token being issued is designed to let all TKN holders benefit from broad market exposure to the token economy. This is a great, great offering and we’re excited to be part of it.”

To download the whitepaper and register for the pre-sale, please visit http://tokencard.io/.

Monolith Studio was founded by Mel Gelderman and David Hoggard. Monolith Studio is a Web3 venture production studio that is exploring ways to realize the potential of Ethereum. Monolith’s first product TokenCard, combines Ethereum smart contracts and VISA payments. For more information, please visit www.monolith.ventures.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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