ICO Review: Cardstack
What does the company/project do?
Cardstack is building a decentralized software ecosystem, which offers end users a beautiful, cohesive user experience across decentralized apps and software makers and miners a fair distribution of rewards based on usage.
Cardstack is pioneering a new scalable consensus approach called Tally to augment on-chain smart contracts with off-chain number crunching, in order to attribute and allocate payments to a network of software makers, cloud service providers, and analytic miners proportionally.
What does Cardstack solve?
Cardstack solves the application issues with the help of its distinct protocol and architecture. It uses cloud computing for its operation and adopts blockchain based solutions in a massive way. Cardstack sees itself as a leap forward for blockchain at every layer of the software stack. It provides a toolset unlocking the potential of the decentralized internet for everyone.
The ecosystem uses CARD tokens to reward network participants. Miners, meanwhile, provide network analysis in order to fairly distribute CARD tokens to participants – including the developers who create services for the Cardstack ecosystem.
Cardstack allows users to mix and match features from multiple apps or DApps without worrying about a mess of different subscriptions. Users can also design new workflows where they join different services together across different layers of the internet. Protocols like this aren’t possible in a centralized version of the internet.
Rating
- Team: 5/5
- Advisors: 5/5
- Product - Proof of concept: 5/5
- Product - MVP: 3/5
- Token Economics - Token utility: 5/5
- Business Evaluation - Market potential: 5/5
- Hype and media presence: 3/5
OPPORTUNITIES:
- Cardstack contains a team of professionals with enormous experience with a qualified and extended user support
- The project has been in development since 2014. There are currently about 30 modules available in Github and they are fully open-sourced
- Cardstack has the first mover advantage to become a primary tool for sustainable software market built on a decentralised software ecosystem