Why did Tokencard decide not to include BTC as an accepted crypto? That alone sets them massively behind the ball if they are trying to get mass adoption over the others.
I'm trying to understand why someone would use this card over Monaco/TenX etc, when their fees (aside from TKN spending) are higher for the user. Logically, if I am a consumer, unless I strictly plan on using TKNs, I'm going to go with whatever reputable card that has the lowest fees and that's not TokenCard...So what exactly separates TokenCard from it's competitors in a good way? Does it address a demographic that their competitors don't?
From my understanding,
Unlike other cards where you trusting third party to hold your fund, you might loss your fund if they got hacked.
But with Tokencard you are uploading your fund into your smart contract, so this way you are fully 100% controlling your fund, because you hold your private keys with you....so you are your own bank, because Tokencard is the only decentralized debit card out there.
And in term of investment, Tokencard is also more profitable, because all those fee collecting from the cards usage are making Tokencard more valuable everyday....so it more smart to invest into Tokencard, in my opinion.
The smart contract thing is cool, but re: all those fees...The "great" scenario shown in the white paper only projects $3,000,000,000 volume, which is kind of like a joke compared to the type of #s TenX projects ($200,000,000,000). 1% of 3 billion is not that much even if you say that 10,000,000 tokens have already been burned. This project is going to need way more volume for fee incentive to really be enticing.
I'm actually also somewhat surprised the projection of payments made with TKN is only ~10%...If anything, at least at current standing, I envision the value of this coin being more tied to the buy pressure of TKN than the smart contract fees. Unless it's not marketed well, I'd assume the avg token card owner knows that they can freely spend money with no fees using TKN. That should theoretically drive more people to buy more TKN just to circumvent fees, and they'll have even more incentive to do that if TKN price steadily increases.