Cardstack (CARD) ICO Review
CARDSTACK is an open-source framework and consensus protocol building an “Experience Layer” of decentralized internet for a scalable and usable blockchain. They aim to defy the platform of the app world by unlocking the full potential of this decentralized ecosystem – the goal is to breakaway from the existing workflow of apps and dApps to provide a platform that will be economical for developers and give a Cohesive User experience to all its users.
Issues governing today’s apps, clouds and dApps are somewhat bringing inconveniences to users – too much effort in managing them and spending too much on different subscriptions. These tech giants give users no other option but to get in to these silos – one app per screen (mobile), one subscription per app (cloud), one token per app (blockchain).
Cardstack’s answer to these issues – break down these silos to create an open digital world. To make this possible, the team has created an advanced, scalable consensus protocol called Tally.
With Tally working in the background, this new platform will allow end-users to mix and match different features of multiple apps and Dapps without having to deal with multiple subscriptions and utility tokens.
It will also enable users to design new workflows, wherein, different services from different layers of the internet can be joined together. With the use of a comprehensive SDK – Cardstack Framework – users and developers can create card-based blockchain apps and build custom workflows by utilizing the Cardstack Hub.
And same with other cryptocurrencies, users can be miners to validate transactions and earn fees. However, in Cardstack’s platform, there’s no need to deal with complex math problems just to get rewarded – Cardstack analytic miners will be helping in the calculation and a proof-of-analytic scheme will be in play to sort the results. Thus, reward algorithms controlled by different parties which would create a fair and strong ecosystem.
The entire system will be fueled by Cardstack tokens (CARD) – an ERC20 compliant, Ethereum-based token.
Features and Benefits
For End-users
- Combine different dApps and cloud apps.
- Ability to build new workflows and app combinations in Cardstack Hub.
- Use a single token (CARD) with all transactions and services.
- Unrestricted data can be easily transmitted anywhere through the card-based user experience. Conveniently start with fiat currency.
For Developers
- Utilize the platform’s wide-ranging SDK to create expandable, solid and amazing apps.
- Access to a library of powerful drop-in functionality.
- Use of Cardstack’s off-chain aggregation for a better app experience.
- Fair pay through the community-run and governance algorithm payment process.
- Reimbursements on material costs.
- 100% open-source.
For Analytic Miners
- Take part in creating a fair distribution of wealth through community-run algorithms.
- Safeguard the system from outliers and spamming.
- Earn Cardstack tokens as fees.
- Get compensated through the proof-of-analytic scheme.
Token Sale
Ticker: CARD
Price: $0.017
Total Tokens: 6,000,000,000 CARD
Available in Token Sale: 2,400,000,000
Soft Cap: USD 10 Million
Hard Cap: USD 35 Million
Tokens Mined: 10 Billion
Token Distribution
Funds Allocation
The Verdict
The team aims to build a sustainable and economical “experience of layer” platform to provide consumers a convenient, sustainable and economical software ecosystem. This project seems to be really bold and for it to be a success an unimaginable size of audience is needed to support the idea. However, upon checking their Telegram group their community has expanded to quite an impressive number – they seem to be capable of building the much-needed large-scale supporters. But it’s still too early to ensure that at this point.
As for the team, the lead members have history of success in both tech and startup industries. They seem to be heavily focused on their project and based on their background – they have the needed skills to pull of this massive project.
As for the idea on this project, some ideas are new and some are already existing in other apps and dApps. However, the unique benefit that users can get from this platform is the ability to consolidate apps, service and blockchain in a single platform. The challenge however, is convincing users to shift to an entirely separate aggregation platform and breakaway from the silos they currently use.
If you want to know more about Cardstack please visit the links below.
Website: https://cardstack.com/
Telegram: https://t.me/cardstack
ANN/Bounty: https://bitcointalk.org/index.php?topic=2768237.0 || https://bitcointalk.org/index.php?topic=2805234.0