HashCard, the world’s first bitcoin card offering features like decentralized bank, instant conversion and reliable exchange rates has announced its ICO, starting from May 1, 2018. If you spend money in foreign currency on a frequent basis, HashCard brings a lot of benefits. Due to its superior functionality and portability, HashCard is going to be a must-have card for Bitcoin or Ether holders.
Key Features & How It Works?
The HashCard is a tangible asset that can be used at any place accepting debit/credit cards. It can be used both online and PoS terminals at brick-and-mortar shops. Even though the platform works like any other debit/credit card it allows users to spend Bitcoin, Ether and 25 other altcoins.
Users can swipe this card for a real-time transaction and the amount spent with the HashCard is exchanged from BTC/ETH/Altcoin. Rest of the funds remain stored in a secure wallet. Users enjoy the standard interbank rates using the HashCard app and exchange funds with the other HashCard users in real-time, free of cost.
The card and wallet will be ready for use by mid-May (during the ICO). First cards to be shipped ~ May 15, 2018. The initial launch will be limited to first 3000 subscribers, followed by a batch-wise distribution every two week.
The HashCard is a tangible asset that can be used at any place accepting debit/credit cards. It can be used both online and PoS terminals at brick-and-mortar shops. Even though the platform works like any other debit/credit card it allows users to spend Bitcoin, Ether and 25 other altcoins.
Users can swipe this card for a real-time transaction and the amount spent with the HashCard is exchanged from BTC/ETH/Altcoin. Rest of the funds remain stored in a secure wallet. Users enjoy the standard interbank rates using the HashCard app and exchange funds with the other HashCard users in real-time, free of cost.
The card and wallet will be ready for use by mid-May (during the ICO). First cards to be shipped ~ May 15, 2018. The initial launch will be limited to first 3000 subscribers, followed by a batch-wise distribution every two week.
Core Advantages
HashCard brings the following key advantages for the users:
Instant conversion of ETH, BTC and other Altcoins.
Inclusion of more cryptocurrencies with the company expansion
Anyone, irrespective of demographic boundaries, can use the card
The Corporate HashCards offer low fees for startups and existing businesses
Can be configured with air miles programs
Complied with NIST, ISO, IEC, IT 27001 & 20072 Frameworks, ISACA, COBIT, PCI DSS standards
About HashCard Tokens
The total of 90,000,000 HashCard Tokens (HSHC) will be issued for sale in the public ICO starting from May 1, 2018, along with exclusive discounts for early investors. The HashCard Standard Card is the initial release, while plans are going on to launch multiple levels cards soon, with each one offering lower transaction fee than the standard cards.
ICO Snapshot
Token Type: Utility,
Symbol: HSHC,
Physical Card Issue: Free during the ICO; $100 afterward which is only payable in HSHC tokens,
Annual Card Fee: Free, providing the annual spending is more than $1,000 or if the user holds more than 10,000 HSHC tokens for six months,
Renewal Card Fee: $25 payable in HSHC tokens,
Lost/Stolen Card Fee: $25 payable in HSHC tokens,
Token Sale: May 1, 2018, to June 12, 2018. Sale begins 3 PM GMT,
Total Token Supply: 150 million,
Soft Cap: $3 million,
Hard Cap: $9 million,
Price: 1 HSHC = $0.10.
There will be no annual or monthly fees for the in-built inter-bank exchange protocol. The fees that users incur will be “1.75 percent for all transactions (swipe and exchange) of ETH/BTC and [a] two percent ATM withdrawal fee.”
Another attraction of the ICO is that “The first 3000 early subscribers will benefit from a lowered flat fee of just 0.5 percent.” The core value of this ICO is that the card will now allow users to effect “…real-time payments without first needing to convert the cryptocurrency in their wallet.”
The total of 90,000,000 HashCard Tokens (HSHC) will be issued for sale in the public ICO starting from May 1, 2018, along with exclusive discounts for early investors. The HashCard Standard Card is the initial release, while plans are going on to launch multiple levels cards soon, with each one offering lower transaction fee than the standard cards.
ICO Snapshot
Token Type: Utility,
Symbol: HSHC,
Physical Card Issue: Free during the ICO; $100 afterward which is only payable in HSHC tokens,
Annual Card Fee: Free, providing the annual spending is more than $1,000 or if the user holds more than 10,000 HSHC tokens for six months,
Renewal Card Fee: $25 payable in HSHC tokens,
Lost/Stolen Card Fee: $25 payable in HSHC tokens,
Token Sale: May 1, 2018, to June 12, 2018. Sale begins 3 PM GMT,
Total Token Supply: 150 million,
Soft Cap: $3 million,
Hard Cap: $9 million,
Price: 1 HSHC = $0.10.
There will be no annual or monthly fees for the in-built inter-bank exchange protocol. The fees that users incur will be “1.75 percent for all transactions (swipe and exchange) of ETH/BTC and [a] two percent ATM withdrawal fee.”
Another attraction of the ICO is that “The first 3000 early subscribers will benefit from a lowered flat fee of just 0.5 percent.” The core value of this ICO is that the card will now allow users to effect “…real-time payments without first needing to convert the cryptocurrency in their wallet.”
Further Details
Token Discount: Stages,
Type: ERC20 Token,
Issue: 72 Hours after Token Sale ends,
First 48 Hours: 30 percent Bonus; Minimum Contribution $100.00,
Days 3-12: 20 percent Bonus; Minimum Contribution $50.00,
Days 13-22: 15 percent Bonus; Minimum Contribution $25.00,
Days 23-32: Ten percent Bonus; Minimum Contribution $5.00,
Days 33-42: Five percent Bonus; Minimum Contribution $0.10.
The HashCard Team
The core team at HashCard comprises CEO Karol Kozlowski, CFO Pawel Goch and Vasiliy Gulyar on Business Development.
Conclusion
In the team’s own words, “By tapping into data from study participants and making the assumption that each individual, on average, holds two wallets, we believe there are currently between 2.9 million and 5.8 million unique users that actively use a cryptocurrency wallet.”
It’s apparent from the ICO details that the developers have been enabling the ultimate dream of a crypto card by wading through innumerable needed protocol investigations and additions to accommodate and tie into existing user experience of typical fiat currencies and the payment options that accompany them.
As the first of its kind, the HashCard offer is set to tie into a massive user base from the outset and also grant virtual currencies much-needed legitimacy. Especially looking at the ICO structure with applicable costs and discounts, as well as the annual costs – potentially zero – this is a token investors are likely to snap up.
In the team’s own words, “By tapping into data from study participants and making the assumption that each individual, on average, holds two wallets, we believe there are currently between 2.9 million and 5.8 million unique users that actively use a cryptocurrency wallet.”
It’s apparent from the ICO details that the developers have been enabling the ultimate dream of a crypto card by wading through innumerable needed protocol investigations and additions to accommodate and tie into existing user experience of typical fiat currencies and the payment options that accompany them.
As the first of its kind, the HashCard offer is set to tie into a massive user base from the outset and also grant virtual currencies much-needed legitimacy. Especially looking at the ICO structure with applicable costs and discounts, as well as the annual costs – potentially zero – this is a token investors are likely to snap up.
To know more about the platform and participate in its upcoming ICO, please access their White Paper or visit Facebook and Twitter Pages.