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Cardstack blockchain Mission
Cardstack mission is to build an economically sustainable software ecosystem that fights back against the rampant lock-in mechanisms of centralised platforms.
Cardstack approach to decentralisation lets self sovereign users act as their own hub, so that interactions with applications and services running on networks of different topologies flow through a software stack controlled by the users. You can see with the aid of diagram below
Cardstack is also creating some other development such as:
- Fully decentralised i.e Ethereum, Bitcoin
- Decentralised with on-ramps i.e cloud based wallets
- Hierarchical i.e domain name system
- Multi cloud i.e Facebook/Twitter
- Centralised i.e google
Token Mechanisms
1 Cardstack Token (CARD): This is a utility token allowing end- users and businesses to use applications that interact with multiple blockchains, decentralised protocols, app-coin-backed dApps, and cloud- based services while paying a single on-chain transaction fee.
2 In this specialised settlement network, software makers earn tokens from a reward pool, proportionally allocated based on usage data, code dependencies, user feedback, and transaction history, which is crunched and verified by analytic miners.
3 Software and services need predictable pricing: To get started, a user converts Cardstack Tokens into non-transferable tokens called Software and Services Coupons (SSC) which are pegged to the US dollar, before the coupon is deposited in an application’s retainer contract. Meanwhile, the Cardstack Tokens are added to the reward pool.
4 When the app is used, coupons are burned to form an on-chain transaction history that helps determine the allocation of Cardstack Tokens to reward makers.
5 A smart contract under the user’s control can top-off an app retainer when tokens run low, while another contract operating at the network-level can exchange Cardstack Tokens to other utility tokens as needed, all without user intervention.
Token sale starts April
To have a better knowledge about this project you can follow the links below
Website https://cardstack.com
Whitepaper https://cardstack.com/whitepaper.pdf
Ann Thread https://bitcointalk.org/index.php?topic=2768237.0
Twitter page https://twitter.com/cardstack
Facebook page https://www.facebook.com/cardstackproject
Telegram group chat https://telegram.me/cardstack
Blogger bitcointalk https://bitcointalk.org/index.php?action=profile;u=1176224