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STACK (STK)

ICO

STACK is an alternative to traditional banking that allows one to store their money, access it instantly and transact with it anywhere, in any currency including crypto, from their smartphone.

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Overview

Project industryFinance Services & Banking
Product typeService

What is STACK

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 fat. The STK token provides access to our state channels which a) ensure there is suffcient cryptocurrency (i.e. Bitcoin, Ether) in the digital wallet and b) users spending fat 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 frst implementation will be with STACK’s digital wallet. STK tokens will be implemented on the public Ethereum blockchain and adhere to the ERC20 protocol.

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 WILL BE A PLATFORM THAT WILL FACILITATE REAL-TIME CRYPTOCURRENCY TRANSACTIONS AT POINT OF SALE.

STK SOLUTION: STK STATE CHANNEL AND STK TOKEN

There is a two-pronged problem that the STK solution will solve:

  • 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.

  • 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.

    To use this system, the user is required to hold a STK token which grant access to the STK State Channel and will be limited to those who have STK tokens.

    STK IS A SOLUTION THAT CAN BE IMPLEMENTED GLOBALLY, WITH THE FIRST IMPLEMENTATION OCCURRING WITH STACK

    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.

    Details

    Pre-sales: Oct 30, 2017 - Nov 12, 2017
    Public sales: Jan 31, 2018 - Feb 14, 2018
    Pre-sale token supply: 1,250,000
    Total tokens for sale: 550,000,000 STK
    Soft cap: 3,600 ETH
    Hard cap: 321,430 ETH
    Raised: 17,000,000 USD

    Legal

    Blockchain Platform: Ethereum

    Token info

    Ticker: STK
    Type: Utility-token
    Token standard: ERC-20
    Token price in USD: 1 STK = 0.16 USD
    Accepted currencies: ETH

    STACK Roadmap

    1
    NOVEMBER 2016

    Alpha and Host Card Emulation (tap-to-pay functionality at POS)

    2
    JULY 2017

    Token design leveraging State Channels finalized with Ledger Labs

    3
    AUGUST 2017

    STACK Beta announcement and launch with global POS support and social sharing

    4
    OCTOBER 2017

    Token Generation Event (Pre-sale Oct. 11, 2017)

    5
    Q4 2017

    Commercial Launch with Fiat

    6
    Q3 2018

    Commercial Launch with Crypto

    Project team

    Miro Pavletic
    Miro Pavletic
    CEO
    Miro Pavletic linkedin
    Nicolas Dinh
    Nicolas Dinh
    COO
    Nicolas Dinh linkedin
    Chad Leger
    Chad Leger
    CFO
    Chad Leger linkedin
    Ethan Wilding
    Ethan Wilding
    STRATEGY
    Ethan Wilding linkedin
    Adam Lemmon
    Adam Lemmon
    Blockchain specialist
    Adam Lemmon linkedin
    Yervant Kulbashian
    Yervant Kulbashian
    CTO
    Yervant Kulbashian linkedin
    Teddy Yip
    Teddy Yip
    STRATEGY
    Teddy Yip linkedin
    Amanda Ashford
    Amanda Ashford
    BRAND/PR
    Amanda Ashford linkedin
    Casey Rovinelli
    Casey Rovinelli
    DIGITAL MARKETING
    Casey Rovinelli linkedin
    Jeffrey Ace Fulgar
    Jeffrey Ace Fulgar
    DESIGN
    Jeffrey Ace Fulgar linkedin
    Angela Au
    Angela Au
    PARTNERSHIPS
    Angela Au linkedin
    Sharaf Ansari
    Sharaf Ansari
    ENGINEERING
    Sharaf Ansari linkedin
    Chami Akmeemana
    Chami Akmeemana
    BLOCKCHAIN + AI REGTECH + GOVTECH SPECIALISt
    Ethan Wilding
    Ethan Wilding
    CO-FOUNDER LEDGER LABs
    Richard Kastelein
    Richard Kastelein
    BLOCKCHAIN NEWS PUBLISHER
    Richard Kastelein linkedin
    David Lee Kuo Chuen
    David Lee Kuo Chuen
    PROFESSOR FOR FINTECH AND BLOCKCHAIN, SUSS

    Social media

    STACK web-siteSTACK RedditSTACK MediumSTACK TelegramSTACK TwitterSTACK Slack

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