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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

Post source: Bittorrent Troncard powered by Grid

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