Cardstack is the experience layer of the decentralized Internet. We believe that orchestrating cohesive user experiences across the blockchain and the cloud is essential to bringing decentralization to the mass market.
Today, there is “an app for everything”. More than USD 70 billion have been paid out to developers of iOS apps in the last decade. When the iPhone was first introduced, there were 15 apps: iPhone, Mail, Web, iPod, Calendar, Camera, Maps, Photos, Stocks, Clock, Notes, Calculator, Weather, Text, and Settings. It allowed people to manage their lives on the go, facilitating communication and even giving directions, while their music collection served as the soundtrack to their new iLife. But all’s not well in today’s app world. Outside the category of games and entertainment, most users refuse to pay for apps, which is why nearly all of today’s apps are free. Additionally, the sequence of steps needed to use a native app — search, download, find the icon, launch, skip tour, register — has severely hampered the adoption of new apps. The result is that most iPhone users settle on a small number of apps (< 5) for daily habitual use. Many of these apps are supported by advertising. For a majority of development teams working outside of FAMGA (Facebook, Apple, Microsoft, Google, Amazon), the original business model for apps — “users pay money to buy app” — is effectively dead.
How it works
End users and contributors can register their interest in acquiring Cardstack Tokens (CARD) by depositing ether from their wallet during the Token Generating Event (TGE) or afterwards through peer-to-peer transactions.
As needed, CARD can be converted into Software & Services Coupons (SSC), which are in turn sent to an app contract to establish the retainer agreement. Converted CARD are locked in a reward pool until the next reward allocation cycle, which is triggered by a block-based timer.
When a user starts using the app(s), usage data on- and off-chain are collected and periodically reported to the app contract, as proof that this particular user has redeemed a portion of the balance of the retainer.
The history of redemption events, combined with other aggregated data sets and statistical analyses, helps the network-wide reward pool smart contract determine a fair attribution and allocation of rewards to makers and miners in the Cardstack ecosystem. These cover material costs as well as fees and royalties owed to the teams who helped deliver the cohesive user experience.
Token info
Our ecosystem is governed by smart contracts powered by the Cardstack Token (CARD). With this single token, users can pay for their entire mix of software usage, verified by our off-chain consensus protocol. The result is a seamless experience for consumers, and fair rewards for makers and miners.
CARDSTACK TOKENS (CARD)
CARD are the tradable tokens based on the ERC20 standard of the Ethereum network. When CARD are converted into SSC, they are locked in a reward pool and distributed to makers and miners based on a multi-variable model.
Token Allocation
TOKEN GENERATING EVENT (6 BILLION TOKENS)
The Cardstack Foundation will be generating 6,000,000,000 CARD during the Token Generation Event. 60% of the generated tokens will be distributed in Year 1 through early contributor agreements (Batch A), pre-allocation (Batch B), crowd fundraiser (Batch C), airdrops (Batch D), Year 1 ecosystem initiatives (½ of Batch E), and advisors/partners allocations. Allocated tokens will be available for peer-to-peer usage at the conclusion of the crowd fundraiser, which will begin no more than 60 days from the conclusion of the pre-allocation period. The airdrop awards will occur throughout the first year, with each airdrop event limited to 2% of the generated tokens. There will be a public announcement at least 30 days before each distribution event, allowing interested participants to prepare their prerequisites for the awards.
ULTIMATE TOKEN DISTRIBUTION IN 2028 (10 BILLION TOKENS)
The maximum number of Cardstack Token ever in circulation is 10,000,000,000 CARD. To encourage participation of software makers and analytic miners early in the Project’s adoption cycle, especially before a meaningful number of paying customers arrive, the Cardstack Token smart contract will mint and allocate 4,000,000,000 additional tokens over 10 years, whereafter the smart contract will automatically stake newly minted tokens in reward pools and then allocate them to makers and miners that are actively offering software and services. During the first year, 1,000,000,000 tokens will be distributed incrementally over the course of the year. In subsequent years, the amount of distribution will be diminished, with cumulative distribution at the end of each year capped by this formula: 6,000,000,000 * (y/(y+5))
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Cardstack Token: This repository contains all the Solidity source code of the Ethereum smart contract that governs the Cardstack ecosystem. We will release this codebase to the open-source community after it has been reviewed by multiple external security auditors, to ensure that the propagation of robust code incorporates the security best practices. We hope to collaborate with other blockchain developers, so we can improve on the features, efficiency, and security of Cardstack smart contracts.
Roadmap
Team
Cardstack Hub: Our core open-source repository contains the key components of Cardstack Hub as well as plug-ins to various components that connect the Cardstack-driven experience to different data sources running on the cloud or as blockchains
Visit CardStack or Whitepaper for more detail information
contact us : contact@cardstack.com
Learn more about the project by visit the Channel below
WEBSITE – WHITEPAPER – ANN – TELEGRAM – FACEBOOK – TWITTER – MEDIUM
by Suride212