Bittorrent Troncard powered by Grid

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Introducing the BitTorrent $BTT card, powered by #GRID. Receive, store and use $BTT on the go!

What is the Troncard?

Troncard
is dedicated to promoting the adoption and integration of
cryptocurrency into daily life through the TRON Network. Troncard
provides decentralized cryptocurrency payment solutions compatible with
existing and future innovations in the TRON ecosystem. Troncard wants to
make purchasing with cryptocurrency as simple as using a credit card is
today, with additional rewards and features those credit cards can’t
offer.

Simply
put, Troncard provides easy to use solutions that allow you to buy,
hold, and spend cryptocurrency. No knowledge of wallets, exchanges, the
blockchain, or decentralization is required. The interface is simple and
intuitive enough for the new cryptocurrency user, while being
sophisticated enough to address the needs of cryptocurrency experts.

Secure, Anonymous, Smart.

Troncard and GRID provide users with a secure and anonymous TRON wallet accessible through a card you can carry in your pocket. It’s familiar like a credit card. Troncard and GRID provide seamless functionality at retail establishments through the Poppy point of sale payment system. Since both Troncard and GRID are built on the TRON Network, they are fully compatible with any cryptocurrency wallet equipped to work with TRX. To provide the best possible solution to the needs of different users, Troncard offers two solutions.

Troncard — The Card

Troncard
is a new concept in carrying and using cryptocurrency, similar to fiat
reloadable credit cards. Like reloadable credit cards (such as Green Dot
VISA), your metal inlaid Troncard is reloadable with TRX or TRON
tokens. Troncard is easy to use and fits easily anywhere you would
normally store a credit card. Unlike traditional reloadable credit
cards, Troncard earns rewards on the TRX you hold. Troncard has no
membership fees, no withdrawal fees, and can hold an unlimited balance
of TRX coins. Troncard is anonymous and your balance never expires.

Troncard features

Troncard
is equipped with a QR code and magnetic stripe for account recognition
by point of sale devices. Troncard is a TRX wallet you can hold in your
hand, which fits easily into any space where you might normally store a
credit card.

With
most TRON wallets, if you lose your wallet information you would also
lose access to your TRX. At Troncard.io the secure pin and registration
code sent with your Troncard allows you to access to your Troncard
dashboard. Through this dashboard you can recover the TRX balance from a
lost or stolen card. You will be able to reload Troncard with more TRX
or withdraw TRX to any other TRON compatible wallet. Troncard is also
compatible with any TRC10 tokens.

Troncard
is made to be fully compatible with our point of sale partner, Poppy.
Using Troncard for payments or purchases through Poppy point of sale
will earn Poppy rewards as described by the Poppy rewards program. Your
available TRX balance earns a reward daily, at a variable rate of up to
3.5% annually. *See card rewards section below for exact details.

Troncard
also supports TRON tokens. This provides retailers with an easy
solution to redeem cryptocurrency-based promotions at their retail
locations.

Example:

A
coffee shop chain uses social media to distribute discount tokens to
their frequent customers. This can currently be accomplished in a number
of ways. Troncard provides a simple way to redeem those tokens via the
coffee shop’s point of sale terminal. This provides the coffee shop with
valued data on which token distribution method gets a higher percentage
of redemptions, while requiring no new hardware.

Troncard
will be available through our website, Troncard.io. Once you receive
your card, you can log in on the dashboard at Troncard.io to register
your account.

Troncard will be shipped to the address you provide via Amazon or another third-party fulfillment company, depending on the region of the world the card is being shipped to. The fulfillment center will select a card at random to ship. There will be no record of which card is shipped to which address, making it impossible to link a specific Troncard to a specific order.

GRID by Troncard

GRID
is a new concept in prepaid cards and is the perfect way to introduce
someone new to the world of Cryptocurrency. GRID cards ship preloaded
with TRON coins (TRX) in an amount equivalent to your purchase price.
Like fiat prepaid gift cards, it is easy to use and fits easily into
your wallet. Unlike traditional prepaid cards, GRID earns you rewards on
the TRON you hold. GRID has no usage or withdrawal fees, is anonymous
and never expires. GRID stores your TRON securely and easily, even
allowing you to get your TRON back if you lose your card. GRID by
Troncard shares some of the features of Troncard and is your prepaid
solution to buying, holding or gifting TRON.

The
pin number and registration information included with GRID will allow
access to the Troncard Dashboard. At Troncard.io you will be able to use
the Troncard dashboard to manage your TRX and GRID card.

GRID features

Unlike
Troncard, GRID is single use and is not reloadable. Through the
dashboard at Troncard.io you will be able to transfer your TRON to any
TRON wallet or recover the available TRON balance from a lost or stolen
card.

Like
Troncard, GRID is made to be fully compatible with our point of sale
partner, Poppy. Using GRID for payments or purchases through Poppy point
of sale will earn Poppy rewards as described by the Poppy rewards
program. Your available TRX balance earns a reward daily, at the rate of
2.5% annually. *See the below section on card rewards for exact
details.

GRID will be available for sale on Troncard.io beginning in December 2018.

GRID
will be shipped to the address you provide via Amazon or another
third-party fulfillment company, depending on the region of the world
the card is being shipped to. Your GRID card will have a pin number and
activation code which will allow you to activate your card. The
fulfillment center will select a card at random to ship. There will be
no record of which card is shipped to which address, making it
impossible to link a specific GRID card to a specific order.

GRID
is available in denominations of 5,000 TRX, 10,000 TRX and 20,000 TRX
(estimated $50 USD, $100 USD, or $200 USD). The cost of the TRX loaded
on the card will vary depending on the market price of TRX coins at the
time of purchase. Visit troncard.io for further information on purchasing GRID.

Card Rewards

Once
there is an activated balance on either Troncard or GRID, the available
balance will be eligible to start earning rewards during the next
rewards period. Each reward period will run from Midnight UTC until
Midnight UTC the next day. Rewards are paid in TRX. Rewards will accrue
daily and will be added to the available balance on your card on the
first of each month.

TRX
balances on a GRID card will earn rewards at a standard 2.5% annual
rate. Troncard balances will earn rewards at variable annual rate of
between 2.5% minimum up to 3.5% maximum. Troncard’s rate may vary
depending upon the use of your card. Further details will be available
in the future at troncard.io

Example:

You
register your Troncard (or GRID) at 05:00:00 UTC on Monday. The first
rewards period you will be eligible for is the 24-hour period of 00:00
UTC Tuesday until 23:59 UTC Tuesday. The rewards will be paid on the
first day of the following month at midnight UTC.

The
available balance for each account will be recorded every 6 hours for
the purposes of determining rewards. Once the earning of rewards has
begun, rewards will be paid for each complete 6 hour reward period while
there is still a balance on the card.

Example:

You
have had a balance on your GRID card for a week and have been earning
rewards. You decide to spend your entire balance remaining at your local
retailer who uses Poppy. You spend the entire balance at 05:00:01 UTC
Tuesday. You would earn a prorated reward from 00:00:01 UTC Tuesday
until the balance is spent at 05:00:01 UTC Tuesday.

Troncard Super Representative (SR) Voting

Troncard
and GRID utilize a flexible payment system that allows Troncard to
participate in voting for a TRON Super Representative in order to
generate rewards. Troncard manages the TRX coins in registered accounts
to participate in voting. Troncard maintains an independent and
immediately accessible pool of funds to allow users complete access to
use or withdraw all funds within their account at any time. This entire
process is managed by Troncard with no need for the account holder to be
involved in the voting process. The account holder simply receives
rewards as stated in the card rewards section. TRX held in a Troncard
account may not be used by the cardholder/account holder to freeze,
generate energy, generate bandwidth points, or vote for super
representatives.

Troncard as a Super Representative

Troncard
will vote for representative(s) that offer sufficient rewards to
generate the required minimum rewards for cardholders. At this time,
Sesameseed will be excluded as a viable candidate for Troncard to vote
for. The decision for which Super Representative(s) Troncard votes for
will be at the sole discretion of Troncard and may or may not be
disclosed to the public. Troncard reserves the right to change its
voting decision(s) at any time.

In
the event Troncard maintains sufficient frozen TRX to vote itself in as
an SR, Troncard will do so. As a Super Representative, Troncard itself
will not reward individuals that choose to vote for Troncard. The
rewards generated will be used to provide a sustainable annual reward
rate to Troncard and GRID holders, and to pay for Troncard’s operating
expenses.

Security Layers

In
order to create a recoverable and anonymous security structure,
Troncard will make use of an intermediary token (TRXP token) to perform
all transactions. This solution will make use of contracts on the TRON
Network and will be the exclusive method for exchanging TRX/TRXP and
receiving or distributing TRX. All exchanges via this process are
internal and proprietary to the Troncard system to ensure the user has a
safe, efficient, and hassle-free experience with their Troncard or
GRID.

This
proprietary security layer protects the underlying Troncard transaction
network from duplicate or failed transactions by allowing for a
confirmation layer to be built on top of the existing TRON Network.


Troncard: Troncard.io

Twitter: Troncard_io

Facebook: Troncard.io

Instagram: Troncard.io

Troncard Telegram: Troncard

source Medium.com

TheBitcoinNews.com – leading Bitcoin News source since 2012

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