This article introduces the TokenCard Coin, which is connected to the smart debit card TokenCard.
What is the cryptocurrency used for?
The cryptocurrency is in relation to the physical token card, which is used to make the user’s wallet and the tokens contained in it usable for everyday use.
For this purpose, the physical debit card is connected to the wallet, thus enabling all the advantages of a debit card network.
These include online shopping, in-store payment transactions and withdrawals from ATMs.
The transactions are realized by the ERC20 tokens. In addition, TokenCard creates a cryptocurrency that is based on the TRC20, the TKN or TokenCard Coin.
By using the TokenCard a license fee of 1 % is charged, which is distributed to the TokenCard community.
In addition, TokenCard offers an app to make conventional banks obsolete.
In the app, users can manage all tokens, retrieve their expenses and revenues, and execute any transaction.
In addition, the TokenApp enables secure and easy interaction with your own wallet.
The user can define innovative output options, which are based on defined parameters that correspond to the lifestyle of the user.
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In addition, each TokenCard transaction is immediately displayed in the TokenCard App.
The system displays the name of the store, its location and the amount paid.
What is the long-term goal of the TokenCard?
Despite the popularity of Bitcoin and Ethereum, the acceptance of cryptocurrencies in the mass market is not yet very high.
The aim of the TokenCard is to accelerate the acceptance of cryptocurrencies.
How are the objectives to be achieved?
In order to increase acceptance of crypto currencies, the developers have defined three pillars that are needed for market acceptance.
Particular emphasis is placed on safety.
The aim of the TokenCard is to develop a system that protects the deposits securely and also convinces without compromises in operation.
In addition, a high focus is placed on good service.
The system of the TokenCard must be able to offer users a plug-and-play operation, because only then will the cryptocurrencies be accepted.
The last pillar is the volatility that characterizes current cryptocurrencies such as bitcoin or ethereum.
That’s why TokenCard wants to develop a constant and diversified currency with the TKN–
What is the current market capitalization?
The TokenCard Coin has a current market capitalization of USD 30 million.
The current price per TKN is 1.31 USD. The daily trading volume is USD 288k. A total of 23 million TKNs are in circulation and the cryptocurrency limit is around 30 million tokens.
In addition, most of the trading is between BTC and TKN, 80 % of the trading volume between these currencies was realized. In addition, the TKN for a cryptocurrency is characterized by low volatility.
The current high was reached in August 2017, with a token price of 2.53 USD.
You can’t buy it directly for fiat on any exchange. You can choose the best BTC exchange for your region and buy BTC there, then trade it for TKN on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase has acceptable fees and limits and it is a leading platform for buying BTC.
If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is as good or even better than Coinbase. Coinmama is also legit exchange for buying cryptocurrencies – click here to visit Coinmama.
If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is secure place to buy crypto), instantly and directly to bitcoin.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.You can read our article on how to use Ledger Nano S wallet and where to buy it or check out other top physical crypto wallets here. You can also create a paper wallet – learn here more about crypto wallets.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com