STK — A New Cryptocurrency for Instant Payments
ABOUT STACK PLATFORM AND STK TOKEN
STACK is a new personal finance platform, built on the idea that using your money should be free. Universally accessible, STACK is an alternative to traditional banking that allows you to store your money safely, access it instantly and transact with it anywhere, in any currency including crypto, right from your smartphone.
The STK Token will provide instant cryptocurrency payments at point of sale, enabling seamless integration of cryptocurrency into everyday transactions and financial services in the STACK wallet. The STK token will be implemented on the public Ethereum blockchain as an ERC20 token.
HOW IT WORK ?
The STK token will provide instant crypto payments at point of sale at any merchant, whether it’s for your morning coffee or your weekly grocery run. Your STK tokens will allow you to access a real-time exchange, which means you can use your crypto account for transactions whenever and wherever you like.
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THE FUTURE OF FINANCE:
STK will be a solution that will facilitate real-time cryptocurrency transactions at points of sale. Our vision is to create a globally accessible alternative to traditional banking, allowing you to store your money safely, access it instantly and transact with it anywhere, in any currency including crypto. By integrating the STK token into the STACK digital wallet, you can use any currency you like, at any point of sale, anywhere in the world.
STK SOLUTION: INTRODUCING THE STK STATE CHANNEL AND STK TOKEN
There are two challenges preventing widespread adoption of cryptocurrency. Our team has developed solutions for both, removing the most common barriers facing cryptocurrency growth from both a user and merchant perspective.
STK SOLUTION: STK STATE CHANNEL AND STK TOKEN
There is a two-pronged problem that the STK solution will solve:
1) A lack of merchant acceptance of cryptocurrency.
STACK has partnered with an existing payment network that will allow the cryptocurrency wallet to be used at 39 million merchant locations.4
2) Payments at point-of-sale must complete in near-instant time.
Rather than writing each payment transaction to the blockchain, STACK, will create State Channels between the customer and STACK. These channels are an established way to provide real time transaction guarantees on the blockchain. Once this is done, customers’ transactions will be funded through STK’s liquidity pool to make point of sale purchases instantly.
HOW DOES THIS WORK IN PRACTICE?
1. Creating a State Channel
2. Conducting Transactions and State Changes
3. Keeping Funds Ready
4. Withdrawing Funds
Unlike other crypto payment solutions, STACK also provides alternative financial services in local currencies. Our digital local currency account is a gateway to widespread cryptocurrency adoption, pairing it with access to mainstream financial services and smart new features on a simple, user-friendly platform. Currently STACK is in beta, and mobile tap-to-pay functionality is already built in.
TOKEN GENERATION EVENT
STK tokens will be available for purchase on the STK token sale site (www.stktoken.com) commencing November 13, 2017 at 17:00:00 Coordinated Universal Time (UTC). The cost per STK token is $0.16 USD. STK tokens for sale represent 55% of all STK tokens. A maximum of 310,345 ETH and a minimum of 3,600 ETH will be accepted for the sale of STK tokens. STK tokens are not available for purchase for residents of United States of America or Canada
55% sold to public as part of token sale
25% held in reserve by STK Global Payments in order to fund future transactional costs and to expand liquidity pool required for future growth and exansion
10% founders and team
5% costs of token sale
Our team has decades of combined experience in financial services, technology, and marketing, with a consumer-focused approach to business. We created STACK as the first step towards a better way to spend, save and share your money. Now, the STK token will advance our mission to provide a universally accessible platform to store money safely, access it instantly and transact with it anywhere, in any currency, including crypto.