STAK: The Real Utility Token
a Dive Into the Jigstack Governance Token
In cryptocurrency, a utility token refers to a blockchain-based token that is used to receive a service or product. This is different from a security token which gives you ownership of equity in a company or a currency token that is used to make payments. STAK’s utility is captured through a DAO governance model and platform revenues.
Utility tokens in DeFi are most sought after by investors who are interested in:
- Active participation in the governance process of the platform and all the product/services it offers
- A source of residual income (Dividends)
STAK — A utility token that has a growth trajectory.
The STAK token model provides the highest possible growth for the utility it offers when compared to other DeFi utility tokens. This is due to the company structure of JigStack. Every new product/service that JigStack develops and adds to their DAO umbrella, brings with it more opportunities for governance and residual income!
As our Jigstack DAO governs multiple revenue-generating services on the Ethereum network, our services network effect is unprecedented. We provide the least expensive way to organize token sales, the fairest way to handle affiliate marketing, and a staking solution anyone can integrate with ease. Our products and services will disrupt the DeFi and cryptocurrency industry as people know it today.
Stak is the token that will govern these products and services.
STAK’s Utility
STAK is the governance token for the Jigstack platform. Owners of the STAK token earn platform fees for staking and can participate in the current and future governance of the Jigstack DAO. This includes determining the evolution of our many revenue-generating protocols and solutions. As we try to decentralize existing solutions and empower users, it is only normal token hodlers have a say in these matters.
As we prioritize transparency, fairness, and empowerment, anyone can use the Ethereum network to their full advantage. Whether you want to advertise a new product or service, create a token sale, engage in staking, or gift cryptocurrency to anyone with an email address, we have you covered. Our $STAK token is the cherry on top, as it provides continuous dividend potential to token holders.
- STAK Tokenomics
The primary purpose of Jigstack is to govern a range of high-quality, revenue-generating network solutions on the Ethereum blockchain and other ecosystems All of the current and future applications, products, and services will be grouped under the Jigstack DAO umbrella. Community members govern the DAO as they can exert governance and revenue/reward distribution rights thanks to a single revenue and governance feed, orchestrated via the native Jigstack token (STAK).
Users who want to participate in the governance process, or are interested in generating some platform fees will have to utilize Jigstack’s Stakbank.
All protocols developed under the JigStack DAO are compatible with any Ethereum wallet in existence today and will be updated to support any future wallets. More importantly, several of our protocols are blockchain-agnostic, allowing us to offer a broader appeal to the blockchain ecosystem.
Platform Fees
Anyone who owns STAK will be eligible to earn rewards from all activity taking place on the network. Whether it is a token sale or affiliate commission payment, our revenue-generating products are all subject to a 1% transaction fee.
Stakbank (DAO BANK)
Stakbank is the DAO staking solution for the JigStack platform. Unlike other platforms, Stackbank lets users withdraw funds at any time without repercussions. However, to earn rewards, users must adhere to the commitment period outlined by the platform.
STAK token holders can stake their STAK in the Stakbank and earn 80% of all transaction fees that occur on the platform. The other 20% of the transaction fee revenue is used for buying back STAK on the secondary market and then burned. This is a positive for the price appreciation of STAK as there is continuous buying pressure towards the token.
Hodlers of STAK will receive their cut of this fee depending on how many tokens they own at the time of the transaction taking place.
What makes Stackbank unique is how the revenue generated can be other ERC20 tokens, or even Ethereum, depending on how our partners implement this concept. Holders can earn revenue from any activity, regardless of how much money is involved. This approach is unprecedented in this industry and elevates Jigstack above competing concepts.
Aside from generating 80% of all transactions that take place on the platform, JigStack has integrated a type of fee generation into the Lemonade protocol that allows STAK token holders to earn even more revenue!
STAK and Lemonade
One of JigStack’s first products is a Next-gen DeFi Token Launchpad, Lemonade. I highly suggest taking a read as it has many unique qualities. Apart from having a simple interface to navigate through, it is one of the least expensive platforms to perform a token launch!
All activity taking place on the platform will offer rewards to stakers of STAK, including transactions, campaigns, et cetera. The Lemonade platform takes a 1% cut of every token listing. This is distributed to STAK stakers. For example, if $100 million is raised via JigStack for a token sale, a total of $1 million of that capital is distributed to all STAK token holders.
Another huge piece of news for the JigStack DAO is that Hedera Hashgraph will be integrating Lemonade as its go-to token sale platform for all upcoming projects. This further validates the technology and business model we bring to the table, and which will bring value to all STAK token holders.
For those who are unaware, Hedera Hashgraph is a public blockchain network that allows individuals and businesses to create powerful decentralized applications. It is currently ranked #42 on Coinmarketcap with a market cap of almost 3b.
With the launch of Lemonade, it’s easy to see how new products that are added to the JigStack DeFi Umbrella bring with it an increased utility for STAK token holders!
Jigstack will soon conduct its upcoming STAK Initial DEX Offering (IDO) on its own Lemonade platform. This further solidifies the faith in the technology to organize frictionless token sales and serves as a viable example of why everyone should pay attention to his Jigstack product.
The STAK IDO and Lemonade Connection
With the STAK IDO being organized in Jigstack’s Lemonade, the purpose of this token will become more apparent. Not only is it the native token of the Jigstack ecosystem for governance purposes, but it will also offer holders the option to earn revenue from every transaction occurring via Lemonade and the other Jigstack projects.
Like Lemonade, the other products under the Jigstack banner will generate revenue for STAK token holders.
For example, if $100 million token sales occur through Jigstack’s Lemonade, 1% of that amount is distributed as: 80% to all STAK holders, and 20% is used to buyback STAK from the open market and then burned, reducing the total supply.
NOTE: $STAK holders will access to Seed-PV rounds project
The vision for Jigstack is to become the Microsoft of decentralized finance and decentralized commerce products. A trusted name with great products that help to empower users to achieve more. Each new product released onto the JigStak platform brings that with it opportunities for STAK holders to participate in the governance process and fee generation! There’s much to come in the JigStack pipeline. The STAK token’s utility can be found in an unprecedented potential residual dividend model and with each new product, brings it that much closer to becoming the ultimate DeFi DAO token!
Stay Tuned:
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