Reflecting on two years of TokenCard — from zero to living a life on Ethereum
Today marks the second anniversary of our crowdsale. It’s been quite a ride, so I wanted to personally take the time to reflect on our adventure, and share our accomplishments, as well as our difficulties.
In case you missed it, we launched our alpha two weeks ago. As promised, the first invites went out to our contributors, before gradually opening access up to our wider community. We’re thrilled to see the first cards making their way to our supporters, despite some bugs in the card signup process being found (and squashed).
As it turns out, connecting to the old legacy banking system (🦕) can be slow and painful at times, yet critical to achieving our vision of a seamless transition to a life on Ethereum: the fact remains that debit cards are the best way to open a portal from the nascent Ethereum Economy back into the established world. Our efforts, and you support, to build TokenCard will prove imperative towards the transition to an Ethereum-based world economy.
We’re committed to realizing the vision we laid out in our whitepaper two years ago, and are now edging closer towards the full delivery of a decentralised & crowd-owned bank-killer — up to the lofty standards of the Ethersphere.
We’ve been focusing on getting the foundations of our product right. This includes the Contract Wallet, TokenCard app and card, and TKN, which all revolve around non-custodial control.
First and foremost, our aim is to maximise security and peace of mind for you, the user — reducing the chance of fund loss to zero. This is a basic necessity of living a life on Ethereum, as soon enough almost everything you will own will be represented in the form of tokens. In this future, loss is not an option.
How are we doing this? By building a wallet that allows you to deploy a contract that is owned by your key — stored in your device’s secure enclave — that governs how your tokens are released.
This Contract Wallet is paramount to our success, and it’s no small feat. Today, this includes setting Whitelisted Addresses for your trusted contacts, and Daily Limits that put you in control of how your funds are protected better than any key ever could.
The next iteration of the Contract Wallet will include an elegant solution to resolve situations where users lose access to their keys — and we’ll be doing this in a decentralised and non-custodial fashion, as always.
We worked tirelessly to make it state of the art. We’re into the final week of our Trail of Bits audit — as you can see we’re in good company. As soon as the report is over, we will release the entirety of our work to the community, along with some testing tools we built.
We’ve learned our lessons from third-party dependencies and their marketing guidelines. Despite some troubles, such as losing a program manager — bye bye WaveCrest, we were able to bounce back on our feet, come back stronger than ever.
We’re now shipping out Alpha TokenCards, just click the card ⬇️ to get started:
Considering the uniqueness of our token TKN , we had to thoroughly examine the current laws to solidify our legal status in order to clarify our position with regards to the European regulations. This takes time, and we’re lucky to have taken some great legal minds on the journey with us. We’ve remained committed to the vision of an Ethereum Economy-backed token first described in the whitepaper.
More than ever, I believe that our shared vision of self-sovereign banking powered by Ethereum is a necessity. This is why we are doing our part to usher in the Ethereum Era.
One where people have complete independence, choice, and control of their assets. One which takes the user-focused design of the challenger banks and joins it together with user-focused technology, only possible through the power of the Ethereum network, where transparency and decentralisation reign supreme.
Let’s power into this bright future together!
What gives myself and the team the drive to keep pushing is that we’re not alone on our mission: our community is essential to our success. I think we’ve been blessed with one of the best crypto communities out there; I’m frequently amazed by the level and the quality of the discussion we see on our Discord.
I also want to take a minute to acknowledge our moderators and our core supporters who are as hardcore as we are on the vision, extraordinarily knowledgeable, and seriously involved.
We’re so grateful for your level of commitment and how closely you follow our progress, please know we’re still committed to delivering on our vision in its purest form.
In two years we were able to build a team made of 25 beasts, all experts at what they do, coming from around the globe. We’ve made sure each and every one of our Tokeneers shares our core beliefs.
More than anything, we share an understanding about what we’re working for: a product that benefits everyone, not just the whales 🐳, the rich, or people who won that golden ticket at life’s lottery.
We’re a tech-first company, and we’ll keep pushing the boundaries of Ethereum. Now that we have an unmatched product, we’re gonna start to double down on communicating this movement to the world.
Let’s get the non-custodial fest started! 🎆
As ever, your feedback, support, ideas, messages and all others contributions are fueling our machine, ready to take over the crumbling centralized banking system. 🏛️
Every day, you’re giving us more drive to keep going, smashing, and rebuilding! Transcendence awaits…
— 🎮 Discord| 👽 Reddit | 🐦 Twitter | 📜 Whitepaper| 🕸️ Website —
