STK — A New Cryptocurrency for Instant Payments

On October 25, 2017 STK (“STK Global Payments AG”) will conduct a Token Generation Event (TGE) and will make the STK token available for purchase on the STK token sale site (www.stktoken.com). The STK token will enable real time point of sale (POS) transactions directly from users’ private cryptocurrency wallets. We predict the ability to make purchases in-store and online using cryptocurrencies will speed up mass adoption of the technology. The STK token is part of a global solution to facilitate borderless transactions. To make instant payments at point of sale from a blockchain wallet requires we do a real-time exchange of cryptocurrency into fiat. The STK token provides access to our state channels which a) ensure there is sufficient cryptocurrency (i.e. Bitcoin, Ether) in the digital wallet and b) users spending fiat at point of sale will complete the purchase from their cryptocurrency assets. STK automatically opens a state channel between each user and STK’s own wallet. STK tokens fund the transaction, much like gas funds Ethereum transactions. The first implementation will be with STACK’s digital wallet. STK tokens will be implemented on the public Ethereum blockchain and adhere to the ERC20 protocol.

Problem Statement

To date, cryptocurrency has yet to gain mainstream adoption. The last barriers to mass market adoption will be removed when cryptocurrencies become embedded into everyday commerce. An estimated $22 trillion of consumer spending takes place annually between shoppers and merchants. Local/national currencies are used to pay for everything from your cup of coffee every morning to your weekly grocery run. What if you could pay for your cup of coffee with Bitcoin or Ether? Without requiring the merchant to change their point of sale equipment, STACK is enabling ubiquitous merchant acceptance of cryptocurrencies. This will greatly accelerate the adoption of cryptocurrency and tapping into the existing ecosystem of global commerce.

Vision

STK Global Payment’s 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 using the STK token, right from your smartphone, using the STACK app. Creating a digital wallet as a companion to a traditional card solution, the STACK app enables you to use any of your currencies at point of sale, anywhere in the world.

STK Solution

In order for users of the STACK wallet to transact in real-time, the STK solution will be integrated into the STACK digital multi-currency wallet. This functionality can only be accessed with a STK token. The STK token will be used to pay for the operating cost of setting up the State Channel. Because STK tokens can change in value, the price per transaction is calculated similarly to how gas prices are on Ethereum.

What is STACK?

STACK is an alternative to traditional banking with a better way to spend, save and share your money, fee-free and straight from your mobile. Our app provides its members with smart solutions to personal finance, with features like real time notifications, effortless savings, financial IQ and mobile tap-to-pay functionality. STACK is creating a community of users who celebrate the moments that matter most by sharing stories of transactions on the STACK World Stream. The STACK wallet is a working product that currently is in private beta with a waiting list of 20,000 people. STACK accesses a global payment network that enables worldwide acceptance of the STACK wallet around the world. The STACK wallet is a container for 10 sub-accounts that can hold up to 10 distinct currencies — both local currency and crypto.

Token Generation Event

STK tokens will be available for purchase on the STK token sale site (www.stktoken.com) commencing October 25, 2017 at 17:00:00 Coordinated Universal Time (UTC). The cost per STK token is $0.20 USD. STK tokens for sale represent 55% of all STK tokens. A maximum of 321,430 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

In order to further develop and promote the STK platform, STK will conduct a token generation event that will offer for sale 550,000,000 STK tokens out of a 1 billion total supply. The proceeds of the TGE will be used for marketing, solution development (both iOS and Android), integration of STK with STACK and the operation of crypto to local currency exchange. The remaining will be reserved for the liquidity pool, bounty programs and referrals.

Crowdsale

Timing:
Pre-sale Starts: October 11, 2017
Pre-sale Ends: October 24, 2017 
Sale Starts: October 25, 2017
Sale Ends: November 3, 2017 
Pricing:
Pre-sale discount of 20%
Day 1 discount (tokens purchased during the first 24 hours of the sale) of 10%
An additional 5% will be allocated towards bounty and referral programs

Team

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.

Advisors

We’ve partnered with some of the top thought leaders and development experts from the Blockchain community who have helped to develop the STK token. Our ecosystem includes industry experts in tech, media, retail and regulatory affairs

Whitepaper
Official Website
Crowdsale
Announcement
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Medium
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