Cardstack ICO Blockchain Ecosystem

goldentokens (32)in #bitcoin • 6 years ago

The Cardstack ICO project caught my eye when I was researching the market for blockchain systems with plug-in applications. The team, or rather the non-profit foundation Cardstack (headquartered in Switzerland) announced their offspring in 2014, but the ICO launch is scheduled for May 24 this year.

Oh, you’re on the way to invest and not to donate, selecting your platform? This is normal, to check, to doubt, to test. Until you come to the choice.
So it was with me: I was looking for an ecosystem which will be easy to work with. Before Cardstack I had no experience of participating in the project on financing "hybrids" of software, or something like this. It's generally something new for me. But I had experience using decentralized Internet with ARAW System. I do not want to say that the experience was negative or not fruitful. I just needed to change something. And I see this direction promising: improving apps, crossing them and using the best functions from each one. Definitely, it will pay for itself, isn’t that what is actually necessary for us?

About the project and its benefits

Team. A multi-culti mix of experienced people, but we will talk about them further.
Development. During four years of research and multimillion-dollar investments, there was created Full Stack App and a sufficient foundation for building an investment site between application developers and their users.
Creativity. On the Cardstack platform (may be for the first time, I guess), users can create their own work processes for FREE, extracting functionality from their application or other applications in open source space instead of buying it on the Internet.

This progressive step was realized due to the system of design and card-architecture, where each unit of information is represented in the form of cards (probably from here Cardstack). Cards can be added as you like, they can be saved, duplicated, used. Users, of course, should approve the cards on the chain - this is the principle of blockchain.

For whom is this platform?

On the one hand, for all software developers who want independence. Who want to create their own incredible automated workflows, by combining functionality of services from different layers of the Internet. I guess you couldn’t do that if you acting through the centralized systems. On the other hand, for investors who want to earn money on this project, reaping benefits from all parts involved. Oops, there is a mistake! Not for everyone: buying tokens is not available to residents of the USA, Iran, North Korea and Cuba.

How does it work?

So, you already got that the Cardstack ICO is a decentralized Internet or ecosystem, in other words, it is a service that offers to unite many services in one and at the same time not to give the control over your (or, in general, anyone's) transactions to digital superpowers. There is also the Cardstack Framework - this is a multi-functional SDK for developing dApps. It is based on the Cardstack Hub, which provides the ability to securely transfer information across multiple chains and the cloud. Difficult to put it? Here, in the diagram below everything is clear:

Or, here, the architecture of the system (I took pictures from their official site https://cardstack.com/tech ).

The ecosystem is powered by the new promising Tally Consensus protocol developed by Cardstack. It acts on the basis of cryptographic messages “proof-of-usage” type, which are pre-checked and accumulated outside the blockroom, and only after that the necessary data is transferred to the smart contract.

Technically, this would be realized as follows:

I spent the internal conditional unit of the platform. I signed a smart contract with the selected smart application.
CARD tokens after my payment went into a special pool of rewards.
Afterwards, anonymously, the awards from this pool were distributed among the application developers in accordance with the rules of the decentralized payment model.

The use of Cardstack ensures fair and transparent remuneration between creators of Apps, their producers or investors and their purchasers. I can become a miner on this platform and receive a commission by confirming transactions in the Cardstack network. However, unlike the bitcoin with its mathematical quizzes, I will have to help in determining the function that distributes rewards from the pool. At the same time I will have to filter the spam so that the system remains fair and stable. And with all this I will not be able to influence solely on any transaction – from this I will be prevented by the sorting scheme of proof-of-analytics.

Cardstak’s Team

At the time when I was writing this review, the team looked like this: Cardstack's Team.

ICO and the distribution of tokens

Developers are able to sell their apps on the Cardstack platform using smart contracts payed for Cardstack tokens (CARD). The token is developed on the basis of the Etherium according to the ERC20 standard. Again, how it works explains the picture from their site:

However, the system works with Bitcoin, and accepts US dollars. What else about ICO?

The planned amount is 6,000,000,000 tokens

For sale is exposed 40%

Bonuses for beginners: 10%

The cost of 1 CARD token is $ 0.0175.

Issue of tokens $ 6,000,000,000

The planned developer's charge is 10,000,000 -35,000,000 $

EMERGING BLOCKCHAIN SILOS: 1 TOKEN PER APP

The campaign began the preliminary stage on March 6, 2018, pre-sale was opened only for inside-members until January 31, 2017. ICO will begin on May 24.

Summing up that all

I'm not an expert analyst, but here it is obvious that the operation of the Cardstack ecosystem will help to solve at least 3 problems:

Set a limit to the era of AppStore and pre-paid software. If you could just buy 5-7 applications and distribute their functionality among other users.
Resolve the problem of choosing the optimal set of applications for business, where licenses are expensive, and you have to pay for the same function several times. Ease this burden with Cardstack!
The problem of ecosystems of the first generations, where interaction was carried out through plug-ins in browsers. The result leads to the chaos, because each application has its own interface and implementation.

The creators themselves believe that their young project is not perfect yet, so developers and users can expect changes and updates that will advance the system to perfection for the greater convenience of all those who are interested in it.

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