tokencard disburses bug

Wrapping up a bugfix following its initial coin offering (ICO), TokenCard has disbursed TKNs to investors and announced TKNs are now listed on the UK-based Bittrex exchange.

Following the TokenCard ICO early in May 2017, ETHNews reported that a bug occurred which upset the distribution of TKNs to investors who used ERC20 tokens to buy in. Peter Vessenes, a member of the Monolith Studio team (the creators of TokenCard), has since cleared up any ambiguity regarding what took place and why, with a detailed Medium blog post. In particular, the issue which caused the bug in the first place was an engineering error wherein a large integer, 10e18, was improperly coded. 

On May 2, TokenCard announced a partnership with Bancor, a protocol designed for tradeable smart tokens. In a Medium blog post, Bancor said the "partnership will allow smart tokens to be spent with TokenCards, and will offer TokenCards to Bancor’s end-users using and issuing smart tokens which will seamlessly work with TokenCard’s VISA Debit."

Any trepidation users had over the woes TokenCard initially experienced during its token issue should be alleviated by the team's quick response and recovery.

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine. He is a full time staff writer for ETHNews and holds value in Ether.
ETHNews is commited to its Editorial Policy
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