STK – A New Cryptocurrency for Instant Payments

October 14, 2017 cryptobunch 0 Comment

STACK is an alternative to traditional banking with a better way to spend, save and share your money, fee-free and straight from your mobile. STACK app provides its members with smart solutions to personal finance, with features like real time notifications, effortless savings, financial IQ and mobile tap-to-pay functionality. STACK is enabling ubiquitous merchant acceptance of cryptocurrencies. This will greatly accelerate the adoption of cryptocurrency and tapping into the existing ecosystem of global commerce.

The STK Token will provide instant cryptocurrency payments at point of sale, enabling seamless integration of cryptocurrency into everyday transactions and financial services in the STACK wallet. The STK token will be implemented on the public Ethereum blockchain as an ERC20 token. STK tokens can change in value, the price per transaction is calculated similarly to how gas prices are on Ethereum. The user sends STK tokens to STACK in exchange for STACK using their liquidity pool to make a fiat purchase through the global payment network. This is a cost effective approach to enabling transactions.

*For more details info about about STK please go to : https://stktoken.com/STK_whitepaper_en.pdf

The vision of STACK is for 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.

Benefits of STK

Chargeback – If you pay through STK, you can get a refund for your purchase if the product is not delivered as expected.
Security – Unlike centralized cryptocurrency exchanges, a wallet’s private keys are only stored on the user’s device.
System as a service – STK can connect any two parties through a payment channel.
Fail safe – Regardless of what happens to STK’s or STACK’s databases, the funds in the channel are always safe and can be withdrawn by customers.

ROADMAP

NOVEMBER 2016 – Alpha and Host Card Emulation (tap-to-pay functionality at POS)
JULY 2017 – Token design leveraging State Channels with global advisory team
AUGUST 2017 – STACK Beta announcement and launch with global POS support and social sharing
OCTOBER 2017 – Token Generation Event
Q4 2017 – Commercial Launch with Fiat
Q3 2018 – Commercial Launch with Crypto

TOKEN ALLOCATION

Total token supply: 1 billion (1,000,000,000) STK token.

55% for token sale
25% reserve for STK Global Payments
10% founders and team
5% advisors
5% costs of token sale

TOKEN GENERATION EVENT

Minimum funding goal (Softcap) : 3.600 ETH
Maximum funding goal (Hardcap) : 310.345 ETH
Accepted currency : Ethereum
Price Rate: 1 ETH = 1489 STK

Pre-sale
Registration : https://stktoken.com/register-for-presale.html
Start : October 30th, 17:00 UTC
End : November 13th, 16:59 UTC
minimum buy-in : 85 ETH
maximum buy-in : 1700 ETH
Bonus : 20%

Crowdsale
Start : November 13th, 17:00 UTC
End : November 24th, 16:59 UTC
minimum buy-in : 0.07 ETH
maximum buy-in : 1700 ETH
10% discount first 48 hours of sale
After 48 hours of sale : no discount