Cardstack: Review and ICO prospects

Cardstack is a blockchain project designed to create an ecosystem for users and developers of decentralized applications, which will only contain software products that are in demand, and their creators will receive a decent reward.

One of the problems of the modern software market and mobile applications is that developers, trying to earn the maximum, often market a product with a lot of functions. But only one of them is actually used. Nevertheless, consumers pay for everything. At the same time, if a user needs a multifunctional application, it has to be compiled from several others, while installing a bunch of unnecessary software in addition to it.

On the other hand, many developers suffer losses due to the fact that their product, which costs money, loses to low-quality applications. These applications are overloaded with additional functionality and obsessive advertising but they are free.

The Cardstack platform is designed to solve these problems. Developers can create applications on the blockchain and set a fair price for them. Users will be able to choose applications they really need. If necessary, applications can be combined.

Miners will also find their place in the Cardstack ecosystem: the tokens issuance will be carried out through proof-of-work algorithm. However, in the case of CARD token, miners will not conduct useless abstract calculations, their hardware will perform useful work, for example, calculations of developers' reward.

Due to the fact that all applications on the platform will be decentralized, and will use open-source code, other developers will be able to create their own applications on their basis. In this case, the creator of the source code will be rewarded, and this is only one of the opportunities for obtaining additional passive income in the Cardstack ecosystem.

The project has already passed 2 of the 4 planned ICO stages, and managed to raise more than half of the hardcap - $ 35,000,000. And keep in mind, that Cardstack tokens did not even started.

Development stages and ICO

At the moment Cardstack is fully finished. According to the official info it took 3 years to do all the necessary researches and have the project technically finalized. The exact budget is undisclosed but is estimated as “millions of dollars”.

Timeline of the project’s development shown in the picture:

Timeline

The Cardstack Token (CARD) sale will be initiated in May 2018 – the exact date remains unknown by far.

The total amount of CARD Tokens to be released: 6,000,000,000 at a starting price of $0.017 apiece. 2.4 billion Tokens will be available at a public sale.

Cap info:

Soft cap is set at 10 million US dollars.

Hard cap set at 35 million US dollars.

Moreover it is expected that an additional amount of tokens – 4 billion – will be issued by the year of 2028, making the final number of CARD Tokens as much as 10 billion.

Token allocation info:

Public sale – 40%.

Cardstack’s reserve – 20%.

Cardstack’s syndicate & team reserve – 15%.

Inner ecosystem initiatives – 10%.

Airdrops – 8%.

Advisors & agencies – 7%.

Profits allocation info:

Cardstack development – 40%.

Card system development – 20%.

Business facilitation – 10%.

Marketing campaign – 10%.

R&D – 15%.

Management – 5%.

Early contributors with confirmed emails will receive a special bonus which will grant them a higher cap during the ICO’s first 6 hours. All participants must conform to the Know-Your-Customer/Anti-Money-Laundering standards.

To join the whitelist go here: https://cardstack.com/whitelist.

The public stage of the ICO will start on May 24. However, in order to be able to invest in CARD tokens, you need to pre-register before May 20 to get on the Whitelist.

Thus, there is already a competition between investors for the right to invest in Cardstack. Few people have doubts that the project will raise the planned amount during the open sale.

Token Distribution

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.

Official Contacts:

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

Author:

My Username bitcointalk: huyng3008

My Url bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1543271

My eth address: 0x09F71Fbb0aed9B84559eCFc60f50EaEc77c6CdC8