: Using $TKN to top up the Monolith Visa card allowed users to bypass the standard 1% commission fee charged for other ERC-20 tokens.
: Trading for $TKN has largely ceased on major tracking platforms like CoinGecko , with many exchanges showing zero volume or having delisted the asset. Historical Utility of TKN buy tokencard
: The team announced in August 2024 that they are sunsetting the Monolith platform and its associated Visa debit cards. TKN Token Transition : The legacy : Using $TKN to top up the Monolith
Prior to the shutdown, $TKN served several core functions within the Monolith (formerly TokenCard) ecosystem: TKN Token Transition : The legacy Prior to
: Non-TKN fees were sent to a "Community Chest" smart contract. TKN holders could burn their tokens to claim a pro-rata share of the diverse assets (ETH, DAI, etc.) accumulated in this chest.
TKN for a new at a favorable rate as part of this strategic pivot.
: The platform was strictly non-custodial , meaning users maintained full control over their private keys through a smart contract wallet.