DigixGlobal and Monolith Studio announce a strategic partnership to create a secure DGX powered TokenCard
We’re excited to announce a partnership with Monolith Studio. The initial focus of the partnership is to create a one-of-a-kind debit card based in Digix DGX gold tokens. The yet to be named ‘Gold card’ ties into the transaction based profit models of both DigixDAO and Monolith’s TokenCard. The effort attempts to vastly extend the reach of Digix’s tokenized commodities to the general public by lowering the barrier of entry and offering unique functionality.
Monolith Studio recently unveiled plans for TokenCard: an Ethereum powered debit card that can hold ERC20 tokens. This DGX powered version allows users to leverage TokenCard’s next generation security features whilst using a familiar commodity as a store of value. TokenCard and Digix can together bring back the gold standard in a meaningful way.
TokenCard will be a crowdfunded platform, with an underlying token: TKN. TKN accrues a 1% licensing fee on every transaction made with TokenCard and gives holders various perks. The crowdfund is set to commence on March 20th.
You can read more about TokenCard here at http://monolith.ventures/tokencard.html