Stackstoken Ico Review – Apps and smart contracts on Bitcoin

Stackstoken Ico Review

About Stackstoken

Blockstack is a decentralized computing platform that puts users in control of their data and identity. Apps built on Blockstack make data breaches and trust violations an antiquated notion. Over 100 independent developer teams have built apps on platform. Open-source software is at the heart of everything do; Stackstoken’re active on Slack, GitHub, Twitter, and the Blockstack Forum. Blockstack PBC, a public benefit corporation at the heart of the Blockstack ecosystem, has raised $50M+ in capital to develop the core protocols and developer tools for the platform.

Stackstoken’re headquartered in New York City, with a globally distributed team that includes computer scientists from Princeton, Stanford, MIT and other top universities. After four years of research and development, they’ve deployed the initial version of full-stack computing platform that can scale blockchain-based apps to millions of users today.

Stackstoken Key Information

Token NameStackstoken
Token TypeUtility
ICO start11th Jul 2019
ICO end9th Sep 2019
Token TypeERC-20
Token SymbolBST
Price in ICO0.3000 USD
Tokens for sale880,000,000
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

The Game Change Team Behind Newyorkswap

Stackstoken Ico Review - Apps and smart contracts on Bitcoin

Clarity, for safer smart contracts

Run your app’s logic on the blockchain with Clarity smart contracts. Clarity is a more secure and predictable language that prevents many bugs and exploits. Perfect for high-stakes code where bugs are not an option.

Reimagine our financial system on Bitcoin

Stackstoken makes Bitcoin’s $760B of capital programmable with smart contracts. Build a better financial system on top of Bitcoin that’s open, composable, and without intermediaries. Stacks connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.

Earn Bitcoin by Stacking

Lock your STX temporarily to support the network’s security and consensus. As a reward, you’ll earn Bitcoin that miners transfer as part of Proof of Transfer. Today, Stackstoken’re excited to share a comprehensive model that allows users to estimate potential earnings based on various assumptions and variables, such as participation rate, the number of miners, transaction fees, as well as others.

The economic model is based on community feedback and is intended to help STX holders estimate potential scenarios and earnings for participation. For example, assuming a 50% participation rate in the consensus algorithm with 10 miners or pools (along with certain other assumptions, including assumptions related to the price of BTC and STX), the calculator estimates an earning rate of approximately 9%.

Unlocking the power of Bitcoin

Bitcoin is the crypto asset it seems that many people want to hold, and they’ve seen more Wall Street and institutional investors entering the space. Stackstoken believe the native connection created by PoX between the Stacks chain and Bitcoin can unlock (a) a Bitcoin-based crypto economy and (b) a crypto web directly on the secure foundation of Bitcoin. They believe this convergence will carve out space for BTC to become a new source of liquidity and the default reserve asset for DeFi.

By enabling users to earn bitcoin and developers to extend Bitcoin without modifying it, they can unlock the potential of the $200B capital and 130 exahashes per second (security) already on Bitcoin. When developers then combine PoX with the Clarity smart contract language developed jointly by Blockstack and Algorand, they can build complex financial products that are powered by and anchored to Bitcoin, while avoiding a reliance on non proof-of-work systems like Polkadot, Tezos, or ETH 2.0.

A better way to earn BTC

Stackstoken’re excited to provide users a new, more secure way to earn bitcoin without the need to build costly mining setups, leverage 3rd-party DeFi products built on potentially insecure Solidity contracts, or get involved in centralized lending schemes. The requirements for Stacking are simple: users need to hold a dynamic minimum amount of STX, which they can pool to meet, and ‘lock’ them on the network for the reward cycle, which is approximately two weeks.

By locking STX and sending periodic transactions, these users support blockchain consensus and further secure the network. The BTC rewards made available in each cycle come from the BTC that STX Miners forward to the network in hopes of earning the right to mine a new block. Together, Stacking and STX Mining make PoX a more secure alternative to Proof of Stake by extending and building upon Bitcoin’s proof of work.

Stacking over staking

Stackstoken, unlike some models that revolve around purchasing and then staking Proof-of-Stake tokens to earn a return denominated in the same asset, allows over 300,000 STX holders to earn a reserve currency (BTC) in return for holding a different currency (STX). For DeFi users that commonly convert their earnings back to BTC anyway, this reward and consensus mechanism provides a much more direct way for them to earn BTC and put their crypto to work at the same time.