TRON Foundation has finally released vital info about its newly-formed cryptocurrency card: GRID. TRON stated the pre-order details and the cost involved during the announcement.
The Sun-led Foundation has confirmed that the pre-order date for GRID or BitTorrent crypto-card will be on February 19, 2019.
Tron’s GRID Crypto-card
According to TRON, the GRID crypto-card will be a prepaid card that could be pre-loaded with TRX tokens in 3 different amounts: 15,000, 50,000, or 100,000. Additionally, BitTorrent tokens and monthly airdrops will be awarded to card owners in varying amounts.
It’s worth noting that if a card owner has 15,000 TRX per card, then he/she will be given 1,500 BTT token plus a monthly airdrop of 0.1 per TRX; for 50,000 TRX per card, 6,000 BTT token plus a monthly airdrop of 0.12 per TRX will be awarded; 100,000 TRX card, 13,000 BTT token plus a monthly airdrop of 0.13 per TRX will be given.
The GRID cryptocurrency card was specifically designed for a single-use, which implies that the card cannot be funded with TRX tokens after it has been purchased.
However, the amount of the monthly airdrops that will be awarded will solely depend on the amount of TRXs the owner spent and the BitTorrent token received without the card owner boosting the amount of the token.
Nevertheless, if the card owner decides not to spend any fund or hasn’t spent any money with their GRID card, that will not limit their entitlement to rewards; in fact, airdrops will continue to increase and be enjoyed as a cold storage wallet to invest as an alternative to spending the BitTorrent and TRX tokens.
Available for pre-order starting Monday 18th 8 PM UTC
— Troncard (@Troncard_io) February 15, 2019
Other Crypto-cards on TRON Network
At the moment, TRON has two crypto-cards – in which GRID is one of them. The other one is TronCard. The TronCard was the first crypto-card to be produced on Tron Network, and it was created to be a wallet to hold TRX and TRC10 tokens.
It is necessary to note that TronCard customers can access their passcode to integrate their physical card within a virtual wallet when they scan the QR code provided by TRON network.
TRC10 and TRX tokens are tokenized digital assets built on Tron Network; TronCard acts as a secured wallet to save these tokens.
The network behind TronCard was Poppy (a point scale system with integrated Tron Payment processing), and it has created an update for the Clover POS systems.
Nevertheless, GRID and TronCard can now be used in different places that make use of Clover POS systems, due to the update made by Poppy. Since these crypto-cards can only be used in places that make use of the Clover POS systems, they may seem limited, but it does create the platform for increased adoption of cryptocurrencies in the future.
A Great Step towards an Increased Adoption of Cryptocurrencies
The creation of the GRID cryptocurrency card has been seen as a good development in the crypto space, even though SEC might contemplate it on whether it is security or not.
In the meantime, TronCard and GRID can fire-up the mass adoption of cryptocurrencies to surge shortly.
Image courtesy of Pixabay.
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