Cardstack: Ico Breakdown Analysis

Cardstack is a decentralized platform that is being built to develop and distribute applications that can be customized by users as they see fit to their liking while developing teams get incentives payouts for reaching outstanding performances. Since the company is still in developing stage, they are currently looking to fund their operation with an Initial Coin Offering in the form of the CARD token.

Issuing the CARD token

The foundation will issue 6 Billion CARD units and they are planning to distribute 40% (around 2.4 billion CARDS) as batches to assure a fair allocation for every contributor. They are planning to distribute this share as it follows:

• Batch A will be offered to a team and early investors that have been active with the community since their inception and have expressed interest in keeping their ongoing support to the platform.

• Batch B will be offered on a first-come, first-serve scheme to members of the Cardstack community that are willing to invest $50,000 after completing a registration process with pre-allocation partner Bitcoin Suisse.

• Batch C will be offered through a registration process that will be handled directly in the Cardstack.com webpage and will be payable only through Ethereum.

• Batch D will be offered on a series of scheduled airdrops to incentivize participation of new investors.

CARD Token allocation

After working through the first 40% the company will move on to the open sale where they will be offering the remaining 3600 billion CARD units to end users as well as the makers and miners of the platform. Just a small portion of the tokens will be placed in reserve for the foundation. The planned allocation will go as is follows: 40% of that amount will be made available in public sales through exchange services. 10% will go towards the development of ecosystem initiatives. 7% will be distributed among advisors and sorted agencies. 20% will be put on hold in the Cardstack Foundation reserve. 15% will be allocated for the Cardstack Syndicate and 8% will be offered in unscheduled airdrops of 2% each.

The Long-term Plan

The Cardstack Foundation has a long-term plan to distribute no more than 10 billion units of the CARD token. The remaining 4 billion will available to be mined over the course of 10 years while the available tokens will only be transferable using smart contracts. The token has a distinctive use depending on the role of the holder inside the platform. For the end, users of token utility will allow them to mix and match apps as they see fit. Each token spent will go to the blockchain log registry via smart contracts. For software developers, they will be able to pay fees to register their app in the ecosystem and earn rewards according to the smart contract they manage to sing. Analytic miners will be able to work with rewards pools and organize the collection of these by life cycles.

Even with the amount of detail expressed in their white paper about the allocation of use of proceedings, the Cardstack Foundation does not offer a clear soft cap to begin their operation or a hard cap to signal the success of their fundraising, they offer constant updates of the project using various forms of social media. To keep yourself informed of the ongoing developments of Cardstack you can visit https://cardstack.com/.

Thank you for your time and feedback,
Jack Andrew