Good day everyone,
In this article, I'll be reviewing a project called CARDSTACK in detail.
NOTE: The review is based on the research i made about the project and why i felt it will be a successful one. So i advise anyone interested in the project to DYOR
When ever I'm analysing a blockchain project that will be a successful one, there are certain factors i do look out for:
The project and the use case
The team behind the project
The token specification and sale structures
The Roadmap
The community of the project.
NOW LET'S LOOK AT CARDSTACK IN THE AFOREMENTIONED CATEGORIES.
1. THE PROJECT AND THE USE CASE.
The development of Blockchain technology has brought with it different innovative ways of solving existing problems like exchange of value, monetization of intellectual properties and hundreds more. The reality however is that this kind of revolution which has resulted in the creation of thousands of platforms and applications also creates an entirely different type of problem for end users and developers.
CARDSTACK will be adopting the blockchain technology to solve the world's technological problems such as data silo, effect of standalone apps
The project has a very good usecase which is rare.
data silo is a repository of fixed data that remains under the control of one sector and is isolated from the rest of the others. Data silos tend to arise naturally in large organizations because each organizational unit has different goals, priorities and responsibilities. Data silos can also occur when departments compete with each other instead of working with each other towards common business goals. Information silos are generally viewed as a hindrance to effective business operations and organizations are increasingly trying to break down silos that are a barrier to accessibility and collaboration and efficiency. Internet users don't have sole control over the data they share on today's websites.
CARDSTACK aims to solve the effects of standalone apps, on mobile phone, we see alot of multiple app which suppose to work and interact together for optimum satisfaction of the users but the reverse is the case.
SOME OFFICIAL QUOTES FROM CARDSTACK.
Cardstack is a leap forward for blockchain at every layer of the software stack — providing a toolset that unlocks the potential of the decentralized Internet for everyone. We want to break down app silos in favor of an open digital world. With Cardstack, end-users can mix and match features from multiple apps or dApps without worrying about a mess of separate cloud subscriptions or utility tokens. What’s even more exciting: our system lets users design incredible new workflows — joining services from different layers of the Internet — that simply wouldn’t have been possible in a centralized world.
For Blockchain to become usable in everyday life there is a need for creation of on-ramps for users to progressively decentralized their workflows.
Some of the issues Cardstack targets are:
Standalone apps that usually do not communicate with each other and require users to choose between a numbers of overlapping features to conduct their workflows.
Absence of integration between different blockchain and decentralized apps (dApps), which requires users to manage the supply of separate utility tokens for each function on a stack of software.
User’s inconvenience from managing multiple subscription services for cloud-based software-as-a-service (SaaS) products.
2. NOW LET'S MOVE TO THE TEAM BEHIND THE PROJECT.
It is known that the success of any project depends solely on the team members piloting it. CARDSTACK is piloted by blockchain enthusiasts who has proven themselves to be transparent and take the success of the project as there major priority.
The Cardstack team has 17 members which is comprised mainly of Programing and tech experts. I did due diligence and analyzed the team’s background and expertise and by researching their LinkedIn profiles. The bio data of team members is available on the Cardstack website https://cardstack.com/
Head of the team is Chris Tse who has a Bachelor’s degree in Computer Science from Columbia University. He is a technologist and designer who have been working to humanize blockchain technology since its early days. He founded Cardstack back in 2014, where he leads a team of blockchain architects and open-source contributors to build the experience layer of the decentralized Internet.
THE TOKEN SPECIFICATION AND SALE STRUCTURES
The CARD is An ERC20 based token on the Ethereum Blockchain. CARD tokens will be used as a unit of exchange between the users of the Cardstack ecosystem and also for reward payments for using the platform. CARD users can become miners to validate transactions and earn fees.
The Token sale starts 6th of March. People living in or who are citizens of the United States or America cannot participate in the ICO. Investors have to join a whitelist and pass a KYC in order to participate in the token sale.
Ticker: CARD
Token type: ERC20
Fundraising Goal: 35,000,000 USD
Total Tokens: 6,000,000,000
Available for Token Sale: 40%
Bonus for the First: 10% FOR PRE-ALLOCATION
Min/Max Personal Cap: 1000 USD / 50000 USD
Accepts: ETH, BTC, USD
THE ROADMAP.
The Road map shows that several targets, features, architecture and breakthroughs designed for developers have already being achieved in year 2017with a lot more still to be achieved before its full implementation. I would have preferred if the user platforms have been available but since they are already in development and slated to be released this year 2018 the project is on the right track.
THE COMMUNITY OF THE PROJECT.
Strong community also has a great work on the success of a project, cardstack is virtually still at it's infancy stage and it has telegram members of almost 20,000 participant with a lot of twitter followers, as well as a strong youtube community with thousands of subscribers.
FOR MORE INFORMATION ABOUT THE PROJECT, VISIT THE FOLLOWING OFFICIAL LINKS:
Official website: https://cardstack.com
Bitcointalk [ANN]: https://bitcointalk.org/index.php?topic=2768237.0
Whitepaper: https://cardstack.com/whitepaper-pdf
Telegram: https://t.me/cardstack
Reddit: https://www.reddit.com/r/Cardstack/
Twitter: https://twitter.com/cardstack
Medium: https://medium.com/cardstack
YouTube: https://www.youtube.com/cardstackproject
Github: https://github.com/cardstack/cardstack
About the author:
bitcointalk username: idrix1
Link: https://bitcointalk.org/index.php?action=profile;u=1328628
Eth add: 0x32F1EF668ae62A10c000dBAE41909A7d9d8D4684
