INTRODUCING ABOUT CARDSTACK
Have you ever thought of having a software that could replace all the software you are using everyday? It seems to be very useful. But in reality that would never be possible because software developers who want the most out of the application can be able to bring in revenue for them. This invisibly makes it difficult for end users (especially businesses) to do things that require a combination of applications.
Most small businesses need 5–10 apps to operate, large businesses need many more. Each app requires a separate credit card, admin login, and password, which causes problems: Cards expire, logins must be reset, when the employee who signed up leaves the company, or customer support has to be called. And there is always the risk of the team behind an app suddenly being acquired by a bigger player or shutting down because the funding has run out. For end users, this is expensive.
Do you think of a solution? Yes, that’s Cardstack. Cardstack solved this problem by creating a distributed software ecosystem based on blockchain. Here, the human element is centered. They can act as their own hub, so that interactions with applications and services flow through a software stack controlled by themselves.
FEATURES & BENEFITS
For End-users:
HOW IT WORKS?
To get started, a user converts Cardstack Tokens into non-transferrable 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. 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. The history of redemption events, combined with other aggregated data sets and statistical analyses, helps the network-wide reward pool smart contract determine a fair attribution and allocation of rewards to makers and miners in the Cardstack ecosystem.
CARDSTACK TOKEN (CARD)
Name: Cardstack Token
Symbol: CARD
Token Type: ERC20 on Ethereum
Hard cap: $35,000,000 in USD
Soft cap: $10,000,000 in USD
Token Created at TGE: 6,000,000,000 CARD
Token Available for Public at TGE: 2,400,000,000 CARD (40%)
Bonus for Pre-Allocation: 10%
KYC/AML: Yes
TGE Date: Q1 2018
Method of Contribution: ETH
Maximum Number of Tokens: 10,000,000,000 CARD in 2028
TOKEN DISTRIBUTION
The Cardstack Foundation will be generating 6,000,000,000 CARD during the Token Generation Event.
60% of the generated tokens will be distributed in Year 1 through: Early contributor agreements (Batch A), pre-allocation (Batch B), crowd fundraiser (Batch C), airdrops (Batch D), Year 1 ecosystem initiatives (1/2 of Batch E), and advisors/partners allocations.
40% will be available for public contributors (Batch A, B, C).
ULTIMATE TOKEN DISTRIBUTION (2028)
The maximum number of Cardstack Tokens ever in circulation is 10,000,000,000 CARD.
The Cardstack Token smart contract will mint and allocate 4,000,000,000 additional tokens over 10 years, whereafter the smart contract will automatically stake newly minted tokens in reward pools and then allocate them to makers and miners that are actively offering software and services. During the first year, 1,000,000,000 tokens will be distributed incrementally over the course of the year. In subsequent years, the amount of distribution will be diminished, with cumulative distribution at the end of each year capped by this formula: 6,000,000,000 * (y/(y+5)).
TEAM
CONCLUSION
Cardstack is a very promising and worthwhile investment. Cardstack received a very positive feedback from professional community and high rating from rating agencies. The team consists of people with long experience of blockchain and software developer. The project opens up a new digital world where users can orchestrate their interactions across the decentralized apps they use, ushering in the age of mass market adoption of decentralized technologies in an open ecosystem. Join now for great experiences!
USEFULL LINKS
Website: https://cardstack.com
Whitepaper: https://cardstack.com/assets/media/cardstack-white-paper-v1.0.4.pdf
Twitter: https://twitter.com/cardstack
Telegram: https://telegram.me/cardstack
Github: https://github.com/cardstack/cardstack
Medium: https://medium.com/cardstack
Author:
Bitcointalk username: kld_hp
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1014734
