the hash card 4 · hash card app. peace of mind knowing the user enjoys precise interbank rates ......
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Hash Card Executive Summary 3
The Hash Card 4
Example - ETH-funded Purchase with Hash Card 5
Hash Card Token Benefits 7
Card Variety 8
Payment system process 10
Technology and Security 11
Timeline 13
Token Details 14
Financials 16
Funds Distribution 18
Team 19
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Hash Card Executive Summary Ease of use and superior functionality makes the Hash Card a must-have card for anyone who regularly spends money in foreign currency. It is not just for Ether or Bitcoin holders.
Hash Card is the card that really does work in the everyday world. Many previous attempts have been made to create a bitcoin card that offers a decentralized bank, instant conversions and reliable exchange rates. Until Hash Card, this has not been achieved despite millions of dollars being poured into the concept.
Key features
The physical Hash card can be used wherever credit/debit cards are accepted. It works online and in the bricks and mortar space. It’s just like a regular credit/debit card with the key difference bring that the user is spending Ether, Bitcoin and other 25+ altcoins.
A real-time transaction takes place each time the card is swiped. Only the precise amount spent with the Hash Card is exchanged from ETH/BTC/Altcoins. The rest of the card owners funds remain stored in their secure wallet.
The ability to exchange money at precise interbank exchange rates using Hash Card App.
Peace of mind knowing the user enjoys precise interbank rates whenever spending on their Hash Card
FREE and real-time transfer of funds between Hash Card App users. Funds are instantly available on the recipients Hash Card.
Beta stage testing of the Hash card & wallet is almost complete enabling the Hash Card to be launched during the public token sale.
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Hash cards are limited to the first 3000 subscribers. Distribution will be every two weeks in batches.
The Hash Card
To sign up for the Hash Card subscribers need to visit hashcard.io and complete a very simple, 3-minute onboarding process, including remote KYC. Once this is completed the Hash Card will be issued and distributed free to customers.
A physical card may be used at more than 30 million merchants globally. It can be used both online and in bricks and mortar premises for offline purchases.
Precise interbank rates are guaranteed when using the Hash Card. No fees or additional markups mean that, in real terms, the cardholder receives a saving of up to 7% when compared to high street banks.
Hash Card accounts can be instantly funded, at no charge, with Ether and Bitcoin. From Q4, 2018 Fiat funding will also be available to load the Hash Card.
Using the Hash Card to fund purchases is simple. Via the HashApp you can view the ETH/BTC/ETC/USD balances in your wallet. The only exchange is the exact amount of cryptocurrency required for the purchase currency exchange.
There is also the option to exchange cryptocurrency into USD and keep the card balance in USD. This is an ideal option for anyone who feels the market is volatile.
Access to precise inter-bank exchange is free and there are no monthly or annual fees to use the Hash Card. The only fees are a 1.75% fee for all transactions (swipe and exchange) of ETH/BTC and 2% ATM withdrawal fee.
The first 3000 early subscribers will benefit from a lowered flat fee off just 0.5%.
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Example - ETH-funded Purchase with Hash Card Mary, a day trader closed her XRP/ETH place to enjoy a 12 ETH profit.
Mary immediately transferred 5ETH to her Hash Card and booked into her favourite luxury spa in Paris. She did not need to wait for the exchange to send a traditional wire/SEPA transfer. The funds were instantly available for her to use on her Hash Card
Example - BTC-funded Purchase with Hash Card Example
Luke is new to all things crypto but wants to learn, so tried to register for a bitcoin workshop in London.
Even though this is a crypto workshop, the organisers won’t accept BTC as a method payment. Luckily Luke has a Hash Card so he sends 0.1 BTC to his card and registers online.
Support for other currencies
Because the immediate goal is to bring an operational card to market quickly, we are starting with the most popular cryptocurrencies – ETH/BTC and those with a daily volume of $50MM.
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The ultimate goal for Hash Card is to accept as many cryptocurrencies as possible.
The Hash Card vision is to make cryptocurrency a part of people’s daily life via an iOS and Android user-friendly wallet combined with a debit card. The goal is to be like Fiat currencies.
The entire cryptocurrency ecology will benefit and by encouraging the user of cryptocurrencies on a day to day basis, the industry will become more accepted by regulators that currently remain unconvinced of the merits of cryptocurrency.
With Hash Card both the user and the crypto ecology benefit. Below you will find an overview of the main added values that we are bringing to the market. Mission – Creating cryptocurrencies that are fluid through the use and acceptance of Hash Debit Card worldwide
- Instantaneous conversion of Bitcoin and Ethereum and other altcoins
- Acceptance of additional cryptocurrencies as the company grows
- Demographic – Anyone that is currently or would like to become a cryptocurrency holder, trader, and believer in benefits
- Debit Card Reach – Global with the exception of the US that as of Q2 2018 is excluded
- Corporate cards offering low fees for both startups and existing businesses
- Salary cards
- Combining with a valuable air miles program.
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Hash Card Token Benefits
Once the HSHC token is launched there will be continual improvements of the Hash Wallet App and the Hash Card Ecology.
Card Fee Benefits
Support
* - Partner airline companies to be announced in Q3, 2018
Physical Card Issue FeeFree during the initial token crowd sale $100 thereafter which is only payable in HSHC tokens.
Annual Card FeeFree, providing the annual spending is >$1,000 or if the user Holds >10,000 HSHC tokens for 6 months
Renewal Card Fee $25 payable in HSHC tokens
Lost/Stolen Card Fee $25 payable in HSHC tokens
Customer Service Support Hash Card clients
10 AM – 6 PM GMT +8 for all
VIP Customers Support24/7 for customers who hold >15,000 HSHC tokens (equivalent of $1,500)
Signature Concierge24/7 for customers who hold >50,000 HSHC tokens (equivalent of $5,000)
Increased Miles Bonus * for customers who hold >30,000 HSHC tokens
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Card Variety
The Hash Standard Card will be the initial release. This card is available to anyone except Chinese nationals although the card itself will be accepted in China.
Plans are currently in hand for multiple level cards including Gold, Platinum and Black in Q3 2018. Each of these new cards will have a lower transaction fee than the standard card.
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Wallet Examples
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Payment system process
The Hash card allows users to transact real-time payments without first needing to convert the cryptocurrency in their wallet.
Each time a user spends cryptocurrency or withdraws at an ATM, Hash Card provides Fiat currencies in exchange for cryptocurrencies. To do this the Hash Card needs a minimum daily balance to cover the transactions.
The chart below explains the payment flow.
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Hash Fiat
Liquidity
External Crypto
Exchanges
FIAT
Wallet
BTC
ETH
HSHCOther Crypto
+
Card Issuer
Main Account
Card Card Card
Merchant
(ATM, POS)
Best Rate
Technology and Security
The Hash Card Cybersecurity and Governance Architecture contain the following standards, guidelines and frameworks:
Hash Card adopted this framework following a detailed appraisal of the current industry posture, including from a detailed source list of government and industry adopted standards that included: NIST (National Institute of Standards and Technology) Cybersecurity Framework, ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission) IT 27001 and 27002 frameworks, ISACA, COBIT and PCI DSS The Hash Card Cybersecurity and Governance Architecture Framework encourage informed decision making within the organization to identify and manage cybersecurity risks.
Our Cybersecurity Architecture is based on an adaptation of the SABSA (Sherwood Applied Business Security Architecture) framework.
• Secure Code Development Standard
• Information Security Roles & Responsibilities
• Security Testing Framework
• Information Security Framework
• Information Security Risk Management
• Identity Management, Authentication and Access Control Standards
• Operational Risk Management Framework
• Definition, implementation and adoption of the governance framework;
• Involvement of Executive level management and the Board on cybersecurity
issues; and Execution of regular Cybersecurity risk assessments.
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Secure Development and Testing Process
Figure 1: SDLC Software Assurance and Agile Development Process Overlays
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Agile Sprint
Agi
le
Sw
A
Requirements ➔ Design ➔ Build ➔ Test ➔ Deploy ➔ Release ➔
- Modeling - Derived Req. - Security Req.
- Secure Design
- Architectural - Analysis
- Origin Analysis - Code Review - Static Analysis - Unit Test - Formal - Methods
- Dynamic Analysis
- Penetration Testing
- Regression & Performance testing
- Automation - Red Teaming
- Vulnerability tracking
- Operational monitoring
- Spring Planning - Definition of
Ready
- Refactoring - Continuous Integration
- Configuration Management
- IDE
- Test Automation - Automated Deployment
- Sprint Demo - User Testing
- Release - Management
Timeline
Nov 2017 The Hashcard Idea is born
Dec 2017 Negotiations with Debit card issuer in Asia
January 2018 First round of investors and partners. Whitepaper prepared. Debit card confirmed
February 2018 Card Wallet MVP, Legal structure finalized
March 2018 Website, wallet and card beta testing.
Public announcement at Blockchain Summit Zurich 2018
May 2018 Whitelist and public token sale
Q3, 2018 NFC Payments
Q4, 2018 EU card issuer backup, essential licenses, internal coin exchange
Q4, 2018 Corporate and Salary cards
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Token Details
* - All unsold tokens will be destroyed by burning
Token Discount Stages
Classification Utility Token
Type ERC20 Token
Total Token Supply 150,000,000*
Hard Cap $9,000,000 / 90,000,000 TOKENS
Soft Cap $3,000,000 / 30,000,000 TOKENS
Price 1 HSHC = 0.10 USD
Issue 72 Hours after Token Sale ends
Dates May 1st, 2018 – June 12st 2018. Sale begins 3 PM GMT
First 48 HRS 30% Bonus Min. Contribution $100.00
Days 3-12 20% Bonus Min. Contribution $50.00
Days 13-22 15% Bonus Min Contribution $25.00
Days 23-32 10% Bonus Min Contribution $5.00
Days 33-42 5% Bonus Min Contribution $0.10
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Token Distribution
A total of 90,000,000 HSHC Tokens or 60% of the total token supply will be put up for sale. Remaining unsold tokens will be destroyed by burned.
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2%5%
15%
18% 60%
Crowdsale Reserve Team (Vested 18 month)Advisors (Vested 12 month) Bounty
Financials
Our projections for on our share of the crypto card industry and the expected user-base and volumes in the next 5 years.
Our projected figures are backed up with market research conducted by Statista.com and the University of Cambridge.
Estimates are based on an average spend of USD3,750 per year / card.
In a 2016 report from the Boston Federal Reserve, 0.87% of US consumers are estimated to have owned cryptocurrency in 2015, which equates to approximately 2.8 million people in the US alone.
Coinbase and ARK Research, using their own user data, estimate that in 2016 approximately 10 million people around the world owned bitcoin.
By tapping into data from study participants and making the assumption that each individual, on average, holds two wallets, we believe there are currently between 2.9 million and 5.8 million unique users that actively use a cryptocurrency wallet.
All these individuals are potential subscribers for Hash Card.
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A Conservative Projection
A More Confident Scenario
Year 1 Year 2 Year 3
Customers 40,000 75,000 180,000
Average Annual Spent $3,750 $3,750 $3,750
Hash Fee 1.75 % 1.75 % 1.75 %
Revenue $2,625,000 $4,921,875 $11,812,500
Year 1 Year 2 Year 3
Customers 65,000 170,000 300,000
Average Annual Spent $3,750 $3,750 $3,750
Hash Fee 1.75 % 1.75 % 1.75 %
Revenue $4,265,625 $11,156,250 $19,687,500
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Funds Distribution
Marketing 15% Public Relations, loyalty programs, New User attraction
Legal 10% Licensing, Compliance, Audit
Development 15% Further fin-tech development
Human Resources 10% Increasing team members, establishing top class customer support
Liquidity 50% The bulk of the collected investments will be used to ensure the currency/card exchange is liquid and fast.
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Team
Karol Kozlowski Pawel Goch Vasiliy Gulyar
CEO CFO Business Development
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