So with all these new ICO's for crypto debit cards, it can be very confusing as to the fundamental difference between each card. Below is a short summary of each card outlying the differences.
Token Card
- Debit Card for Ethereum and Ethereum Contracts (anything that runs off of Ethereum can use this card)
- ~1% fee charge for use
- Partnered with Melon Port, Digix, Bancor, and a few other cryptos
- Cash and Burn Policy - for each purchase, a percentage of the the purchases go into a pot. To claim a percentage of the pot, you send your token to an address and you get a percentage of of what is in the pot and the token is destroyed.
- They allow users to buy crypto from their app directly from fiat money to use on the card
Monaco Card
- Debit Card for select high premium coins (They do an anaylsis of each coin and only choose select coins that they think will last to purchase goods... Not Limited to just Ethereum Tokens)
- ICO was announced only 1 month before launch (Didn't sell out right away, took days)
- Same cash and burn properties as Token Card (Potentially copied Token Card as Token Card was released first)
- Bad Reputation as many think it could be a scam (whether it is or not, it is the public image)
- Marketed to be the "Premium Crypto Card"
- Lower Transaction Fees then Token Card
TenX Card
- App that is already on the market
- ICO just launched and sold out really quick
- .01% Cash back - Meaning you get a TenX Token (%) for each purchase you make
- Push notifications every hour saying how much you earned (unknown whether they will be sent via Ethereum Network. If so it will be very costly)
- They want to eventually allow all Crypto (Main) coins
- 0 Transaction Fees
I do not give financial advice, but my favorites are (in this order) Token Card, TenX Card, then Monaco Card (take that as you will). What do you think? Let me know below.
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