At this moment, the top 1000 Token holders will get a MVP (Minimum Viable Product) card they can use to spend Ether and other ERCTokens wherever Visa is accepted.
Here's the procedure from the TKN website:
Procedure
On Monday, May 29th at 12:00 GMT (Midday, London Time) we will take a snapshot of all TKN balances.
The 1000 addresses with the largest TKN balances will be eligible for an MVP card.
You can easily see if you are currently in the top 1000 here: EtherScan.
Fast forward to the MVP launch in September, you will be able to deploy a smart contract wallet from your top 1000 address and it will be tied to your TokenCard.
Right now the cut-off for the TKM MVP card is 540 TKN, so if you want to get in you can head of to Bittrex and snatch some TKNs.
And there's some more news coming from the Devs today:
This is not the ‘big’ announcement we had been planning for today. That one will follow soon™.
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I hope TokenCard does well. One of the most interesting aspects of holding TKN is how it evolves into an autonomous investment of sorts. As the TokenCard community uses the TKN token to pay fees on transactions, the value of TKN will go up proportionally. For every swipe they take a 1% fee that accrues to a asset contract. Holding TKN is effectively investing in a diversified portfolio of the most popular tokens as determined by the community, as more tokens are piled up in the asset contract. I believe other similar projects like Monaco utilize a similar paradigm.
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