Monolith’s TokenCard Massive ICO Over in Minutes – Raises $16.7 Million

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Monolith Studio’s TokenCard  closed its token launch Tuesday, May 2, 2017, after exceeding its crowdsale goal in mere minutes. TokenCard is the first debit card powered by smart contracts incorporating the VISA payments network with Ethereum. It immediately gained attention in the Ethereum community after its announcement and quickly reached and surpassed contribution goals for this one-of-a-kind project. For the first time, token holders will be able to use Ether as well as other ERC20 tokens to purchase items anywhere that accepts VISA debit cards.

TokenCard’s successful token creation event on May 2nd also marked the release of a new ERC20 token called TKN. In another first, the May 2 crowdsale was funded by not only Ether, but also a variety of other ERC20 tokens. As added reward, Monolith partnerships with Digix Global, SingularDTV and Swarm City allowed their token holders to receive a 5% bonus on all contributions made in DGD, SINGLS and SWT.

“We’re very happy with the success of the TokenCard launch and excited to bring the power of the Ethereum economy to the general public,” said Mel Gelderman. “The fantastic TokenCard technology was delivered by New Alchemy, and we appreciate the support of other projects in our industry.”

Monolith Studio partnered with New Alchemy to make this token launch a great success. New Alchemy is a market leader in boutique Blockchain consulting and investment. Powered by deep experience in cryptocurrency, the elite team at New Alchemy provides unmatched smart contracts expertise to guide and deploy successful token launches and other smart contracts projects for its clients. New Alchemy proudly continues its partnership with Monolith Studio to bring the TokenCard to token enthusiasts around the globe.

“Mel and David have been intensely focused on TokenCard so it’s great to see their work pay off in such an awesome way,” said Peter Vessenes, founder of New Alchemy and contributor to TokenCard. “It’s thrilling to help them through this initial launch phase, and I can’t wait to see the product at release.”

For more information, visit http://tokencard.io/.

 

Monolith Studio was founded by Mel Gelderman and David Hoggard. Monolith Studio is a Web3 venture production studio exploring innovative ways to realize the potential of Ethereum. Monolith’s first product, TokenCard, combines Ethereum smart contracts and VISA payments capabilities into a debit card usable around the world. For more information, please visit www.monolith.ventures or http://tokencard.io/.

New Alchemy is a premier Blockchain consulting and investment group with a distinguished expertise in cryptocurrency and commerce. Our experienced team blends unbeatable Blockchain skill with practical business know-how to implement our clients’ groundbreaking products and services. Contact us today at hello@newlachemy.io or find out more at https://newalchemy.io/.

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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