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The TokenCard is a project that focuses on providing an easy method for users to interact and secure their tokens. It allows users to keep their Ethereum-based tokens secure and under user-set spending and security parameters through the Token Contract Wallet. Thee tokens can be spend through the physical TokenCard, nabling online payments, PoS transactions and ATM withdrawals.
The TokenCard token is also an Ethereum-based asset, holding a pro-rata claim on the TKN Asset Contract. This Asset Contract accrues a 1% licensing fee (enforced by smart contracts) on all TokenCard transactions. At any time, TKN holders can redeem their share of the underlying assets by 'cashing and burning' the TKN tokens.