The Experience Layer of the Decentralized Internet

In our previous article we provided an overview of Cardstack an it’s goal of simplifying the universe of dApps and Apps by combining them into stacks of cards.

For this article we will be discussing the metrics of the ICO.

What’s up with the ICO?

The ICO includes a a presale and a crowdsale. The Presale is open until Feb 16th then the crowdsale begins if any tokens are unsold. The hardcap is $35 million USD.

A total of 40% of the initially created CARD tokens will be sold to the public .

The tokensale is being handled in batches A, B, C, and D. Batch A is for early contributors and strategic investors. Batch B is the Pre-Allocation phase which is commonly known as a public presale. Batch B has a minimum investment of $1000 and a max of $50k, and all buyers will receive a 10% bonus.

Batch C is the public crowdsale, which will have a small individual cap for the first 6 hours followed by an increased cap for the remainder of the sale. The base price per token at ICO is $.0145 per CARD. There is no bonus for Batch C.

Batch D is the airdrop, which will distribute 8% of the tokens throughout the first year.

There is a vesting schedule for tokens held by certain individuals and allocations. The Cardstack Foundations tokens are vested for 5 years, the Syndicate and Team member tokens for 4 years and tokens reserved for ecosytem initiatives are vested for 2 years.

There is no additional lockup for presale investors and tokens will be released no later than 60 days after the conclusion of Batch C.

Marketcap & Token Supply

The project at hardcap would have a marketcap of approximately $35 million (2.4 billion CARD) if no additional tokens are released at the time. The projected marketcap is on the high side for the current ICO environment but the team has to have enough tokens to reward miners and software makers to make the platform useable from the start.

The total token supply starts at 6 billion CARD tokens. Over a ten year period an additional 4 billion tokens will be generated as rewards for miners and software makers. The ten year goal is to have 75% of the total supply in the hands of the public.

We have no idea what marketcap or price CARD will achieve but do like to compare it to other similar tokens for analytical pleasure.

Overall

The ICO metrics are meant for a working project. A large token supply and massive public ownership indicate that the team wants a project for the people that is owned by the people.

For complete details on how to participate see the updated post from Cardstack about their crowdsale.

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