Secure Digital Card Wallet

March 2021

Background

Poppy and its partner Troncard, aspired to be a card based payment solution for the TRON blockchain.  It was to become an add-on to existing Clover POS payment terminals.  There were many challenges to accomplishing this goal, but there was an expectation that market demand, and infrastructure promised by others, would allow these challenges to be overcome.

Poppy developed and launched the prototype Poppy POS system at a pop-up event at NiTron in January of 2019.  The CEO of TRON Justin Sun was able to use the functioning Poppy payment system to buy coffee using on-chain transactions at this special event.

After the event, complications arose with Clover, a supplier of a critical portion of Poppy infrastructure. The Poppy app was denied distribution in the Clover POS marketplace. All funds and energy spent developing on Clover’s system became worthless. Poppy’s lead developer and other team members left to pursue their own projects. During that departure, much of Poppy’s code was destroyed or removed. This further handicapped Poppy’s ability to adapt to Clover’s ownership change.

Despite all funds having been spent developing the Clover based system, the remaining Poppy team volunteered their time and attempted development of an alternate web applet for use as a browser plug-in.  Ultimately the needed partnerships, infrastructure, and market forces did not materialize to make that a success.  With no resources to move further forward, Poppy was put on hold.  

Ownership of Poppy was offered to several companies and potential developers in an attempt to create something that would benefit token holders. None of these endeavors were successful.  

Poppy and Troncard to Cease Operations

At this time there is no reasonable expectation of further forward progress with Poppy, and Poppy has been delisted from exchanges.   Poppy and Troncard will begin the process to cease operations immediately.

All funds in Troncard or GRID card accounts should be withdrawn as soon as possible.  To be eligible for withdrawals, cards must have been registered, have an available balance, and have been purchased by a customer.  All promotional or giveaway cards will be considered to have zero value, effective immediately.

Troncard and Poppy social media accounts will be disabled and eventually removed.  Ongoing support for unsuccessful Troncard or Grid withdrawals can be accessed by emailing all relevant information to hello@poppypos.com.  This email will be monitored periodically for withdrawal support.  

Troncard and Grid withdrawals will be supported until 12-31-2021, or until user funds have been withdrawn, whichever comes first. Card holders should go through the registration and withdrawal process on the website at Troncard.io.  After 12-31-2021, no further withdrawals will be processed.

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