We greatly appreciate our users and we want to make sure that you have the smoothest experience possible. Right now, we are essentially in a beta period to test systems and features -- as our first users, you are part of the competition to be among the 100 highest depositors who will receive the first, free metal physical card. Once the initial contest is over, everyone will get their virtual cards immediately, and you will be notified as soon as your virtual card is available and KYC verification is available through the BlockCard website.
There are two phases to the BlockCard release. In phase 1 — we are limiting the distribution to only 100 BlockCards. The first 100 cards will be made of metal and will be very similar to what you see being used in our videos.
How can I be in the first 100?
It’s a competition, beginning December 6, 2018. After signing up for the BlockCard — you can choose the amount of Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), and/or Ternio (TERN) you wish to deposit (over $100 USD). Since the BlockCard runs exclusively on the TERN token — you will receive TERN at the market price. The total amount deposited will be anonymously added to a “top 100” leaderboard. This leaderboard will be public so everyone can identify where they place within the leaderboard ranks.
The top 100 accounts with the highest amount of crypto deposited in their BlockCard account will receive their BlockCards in phase 1. There is no set end date to when this contest will end, so users are encouraged to deposit the maximum amount they are comfortable with and will utilize on the BlockCard.
What if I’m not in the first 100?
If you deposited funds in your BlockCard account, but it was not enough to be in top 100, then you will receive your BlockCard during Phase 2. Your BlockCard will be distributed with the total amount of crypto that you deposited. You will not lose your deposit if you did not make it in Phase 1. Phase 2 recipients can expect to receive their BlockCard in Q1 2019.
What are my options and costs?
The first 100 BlockCards will be issued for free. There will be three types of BlockCards during our launch: Metal BlockCards will cost $50 including delivery. Plastic BlockCards will cost $10. Virtual BlockCards will be free. Every customer will receive a virtual card for use while they wait for their physical BlockCard to arrive — so you can start using your BlockCard immediately.
Ternio Airdrop Distribution/KYC
December 27, 2018 was the cut off for claiming airdrop rewards by signing up for a BlockCard. For those that signed up before December 27 and still need to complete KYC, they will be able to do so within the BlockCard website interface. KYC verification is needed in order to validate your airdrop winnings. This is not a Ternio policy, but one mandated by Ternio’s partners and US regulation.