Monolith’s TokenCard Successfully Launched - $16.7 Million in Minutes

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The first debit card powered by smart contracts generated $16.7 million in minutes at launch. For information, visit http://tokencard.io

Introducing TokenCard from Monolith Studio

“We’re very happy with the success of the TokenCard launch and excited to bring the power of the Ethereum economy to the general public,” said Mel Gelderman, CEO of Monolith Studio.

Monolith Studio’s TokenCard closed its token launch Tuesday, May 2, 2017, after exceeding its crowdsale goal in mere minutes. TokenCard is the first debit card powered by smart contracts incorporating the VISA payments network with Ethereum. It immediately gained attention in the Ethereum community after its announcement and quickly reached and surpassed contribution goals for this one-of-a-kind project. For the first time, token holders will be able to use Ether as well as other ERC20 tokens to purchase items anywhere that accepts VISA debit cards.

TokenCard’s successful token creation event on May 2nd also marked the release of a new ERC20 token called TKN. In another first, the May 2 crowdsale was funded by not only Ether, but also a variety of other ERC20 tokens. As added reward, Monolith partnerships with Digix Global, SingularDTV and Swarm City allowed their token holders to receive a 5% bonus on all contributions made in DGD, SINGLS and SWT.

“We’re very happy with the success of the TokenCard launch and excited to bring the power of the Ethereum economy to the general public,” said Mel Gelderman. “The fantastic TokenCard technology was delivered by New Alchemy, and we appreciate the support of other projects in our industry.”

Monolith Studio partnered with New Alchemy to make this token launch a great success. New Alchemy is a market leader in boutique blockchain consulting and investment. Powered by deep experience in cryptocurrency, the elite team at New Alchemy provides unmatched smart contracts expertise to guide and deploy successful token launches and other smart contracts projects for its clients. New Alchemy proudly continues its partnership with Monolith Studio to bring the TokenCard to token enthusiasts around the globe.

“Mel and David have been intensely focused on TokenCard so it’s great to see their work pay off in such an awesome way,” said Peter Vessenes, founder of New Alchemy and contributor to TokenCard. “It’s thrilling to help them through this initial launch phase, and I can’t wait to see the product at release.”

For more information, visit http://tokencard.io/.

About Monolith Studio
Monolith Studio was founded by Mel Gelderman and David Hoggard. Monolith Studio is a Web3 venture production studio exploring innovative ways to realize the potential of Ethereum. Monolith’s first product, TokenCard, combines Ethereum smart contracts and VISA payments capabilities into a debit card usable around the world. For more information, please visit http://www.monolith.ventures or http://tokencard.io/.

About New Alchemy
New Alchemy is a premier blockchain consulting and investment group with a distinguished expertise in cryptocurrency and commerce. Our experienced team blends unbeatable blockchain skill with practical business know-how to implement our clients’ groundbreaking products and services. Contact us today at hello(at)newlachemy(dot)io or find out more at https://newalchemy.io/.

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Ashley Seashore
Arrow PR
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