Cardstack ICO: Scalable Blockchains For The Masses [Part 1]

Known as one of the most complete ecosystems for developers, miners and end users, Cardstack is an ICO that offers contributors an opportunity to purchase CARD tokens. The currency adopts a decentralized software ecosystem which is comprised of a comprehensive SDK, community-run algorithms and Cardstack Hub user interface.

Challenging The Paradigm Ruled By Tech Giants

According to the company, Cardstack is an ICO that unveils the first decentralized ecosystem that will challenge the current paradigm that is now ruled by tech giants. Currently, Cardstack targets three main issues:

1. The “App Store Standard” which is a tool that turns software features into native apps. The apps do not communicate with each other and require users to choose between the numerous overlapping features to conduct their workflow.
2. Advanced management of multiple subscription services for software-as-a-service (SaaS) products creating an inconvenience for users.
3. Lack of connectivity between blockchain and decentralized apps — best represented by the need for users to manage the supply of separate utility tokens within a given software stack.

As written in their official whitepaper:

“Cardstack’s approach to decentralization lets self-sovereign users act as their own hub, so that interactions with applications and services running on networks of different topologies flow through a software stack controlled by the users.”

So, the main value proposition of Cardstack is to breakdown the user experience of different silos (software, cloud and blockchain) which exists on various levels in the digital world right now, allowing developers and users to engage in customizable workflows.

The Cardstack Token (CARD) And Its Main Features

The ecosystem also includes the Cardstack Token (CARD) which is an Ethereum-based (ERC20) token. Users must purchase such tokens to access services within the ecosystem — where the cards are converted into a stable currency known as Software and Services Coupons (SSC). This currency is then sent to an app contract to establish a retainer agreement.

All in all, the purpose of the Carstack ICO and the token is to cover the costs and fees owed to the teams that are contributing to the existence of this project and building apps and services on its platform.

Want to learn more about Cardstack? Follow us in the second part of this series where we will introduce you to the team behind the ICO as well as a detailed SWOT analysis.

Or, you can skip to the third part where you can learn about the problem that Cardstack solves in detail.

If you can’t wait for the next parts being released, you can read more about Cardstack on their website, ANN/BTN threads or shoot them a message on their official Telegram!