Blockchain-based Web3 startup Monolith Studio has announced the launch of the first ever smart contract-powered debit card, TokenCard along with its initial token crowdsale.
Monolith is the trading name of Token Group Limited. Token Group Limited is a company registered in England and Wales (11098384). The Monolith TokenCard Account and Visa Card are issued by Contis Financial Services Ltd who are authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference Number: 900025) to issue e-money.
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Wellicht is Monolith voor jou een onbekende naam. Vroeger droeg het de naam TokenCard en het werkt ook al samen met het.
TKN is backed by a growing basket of ERC-20 tokens that people use to pay for everyday purchases. Each time a Monolith card user spends any other token than TKN, a 1% contribution is sent to the TKN Community Chest. Holders of TKN can then cash and burn their tokens at.
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