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: The team announced in August 2024 that they are sunsetting the Monolith platform and its associated Visa debit cards. TKN Token Transition : The legacy
Before purchasing TokenCard (TKN), you must be aware of its current project status. Originally launched in 2017 to provide an Ethereum-based debit card, the project rebranded to in 2019 and is now in the process of sunsetting its services as of late 2024 to focus on a new venture, Token.com . Critical Project Status Update buy tokencard
: Non-TKN fees were sent to a "Community Chest" smart contract. TKN holders could burn their tokens to claim a pro-rata share of the diverse assets (ETH, DAI, etc.) accumulated in this chest. : The team announced in August 2024 that
: Trading for $TKN has largely ceased on major tracking platforms like CoinGecko , with many exchanges showing zero volume or having delisted the asset. Historical Utility of TKN Critical Project Status Update : Non-TKN fees were
: Using $TKN to top up the Monolith Visa card allowed users to bypass the standard 1% commission fee charged for other ERC-20 tokens.
: The platform was strictly non-custodial , meaning users maintained full control over their private keys through a smart contract wallet.
Prior to the shutdown, $TKN served several core functions within the Monolith (formerly TokenCard) ecosystem: