Cardstack
is an open source framework and consensus protocol that promotes
usability of blockchain and scalability for the mass market; thereby
creating a software ecosystem (a decentralized one) that will challenge
the centuries’ digital superpowers. Cardstack is the experience layer of
the decentralized internet in whose creation is believe to establish
strong user experiences across the blockchain as well as the cloud to
bring the decentralization protocol to the mass market.
Cardstack’s aim is to build an economically sustainable software ecosystem that defends and fights back against the rampant lock-in mechanisms of centralized platforms. Sectors such as makers and users are the only recognizable one on the platform.There are advantages it has for these sectors on the platform and they include:
For Users : Cohesive User Experiences
The evolution of blockchain has been a golden and rare opportunity to break down different silos of apps that defines and explains the tech world today. For the production of a Cohesive User Experience (CUE) i.e. one which is involved in the establishment of a flexible design paradigm that can coordinate all the moving parts in the user’s digital life. In accordance with the fluidity of token-based apps, progress can be achieved all the way from a one-icon-per-app business arrangement of today’s mobile and cloud world. In order to gain mass market by blockchain based apps, one must bridge a gap between the power of blockchains and cloud convenience.
While balancing the incredible global scale as well as cost efficiency, the app’s framework and token mechanisms combine the new opportunities provided by smart contracts so as to deliver this user experience. The power of decentralization is put into a real-world use by the technology and displays the world can be enriched in an equitable manner by the crypto-driven economy (they are backed by blockchain protocols). Blockchain requires a true “full stack” framework to reach mainstream users. This application framework is called Cardstack.
For Makers : Fair Distribution of Rewards
A new economic model for sustaining and funding the software that runs the world was proposed in such a way that makes rewards get distributed among software creators and the open-source communities that supports them. In this decentralized software market, applications buyer enters into a direct deal with the aid of smart contracts. This smart contracts coordinate a diverse network of software development teams, app coin-backed protocols and cloud hosting providers. All material costs for running the app are taken care of by the buyer as long as there is a direct link of cost to usage. There is also a payment of royalty that is split between software developers to serve as a reward for initially creating and showing continual support to all components making up that particular application. They are rewarded through a reward pool on the basis of properly designed incentives which will lead to software improvements over time. According to this arrangement, the application software is considered economically sustainable especially with the fact that every buyer covers his or her costs and the limited resources (i.e. venture capital or token sale proceeds) are not depleted by the software.
This is a non-profit foundation that is based in Canton of Zug, Switzerland. The goal of the Cardstack foundation is to promote and help in the development of the Cardstack software, architecture, protocol and applications. One important thing is the foundation helps in providing financial support for research and development activities necessary for the promotion of the Cardstack software, architecture and protocol. They also will take up the responsibility for planned fundraiser as well as ensuring that raised funds are budgeted and allocated to fulfil its founding purposes. Purposes of the Cardstack Foundation include :
Smart Contracts, Cardstack Token and Software and Services Token
Smart contracts in the Cardstack ecosystem are upgradable via a registry abstraction and this redirects transactions to the latest version. Cardstack Tokens are written as CST and are also simply referred to as “cards”. Cardstack token is the tradable token based on the ERC-20 standard of the Ethereum network. Software and Services token are non-transferable entries in each application contracts. Software and Services token serve as a store credit which can be redeemed within a specific period of time by a user. SSC is deducted and burned as usage is metered. When CST are converted into SSC, they are locked in a reward pool and are distributed to contributors on a multi-variable model.
Token Allocation
Majority of Cardstack tokens will be distributed among end users, makers and miners of the ecosystem. Also, a portion of the tokens will be reserved for the Foundation and the Syndicate which will vest for over 5 years. The Cardstack Foundation at the Token Generation Event will be generating 10,000,000,000 CST. During Year 1 through pre-allocation, crowd fundraiser, and airdrops will distribute 30% of the generated tokens. The tokens for peer exchange will be available at the conclusion of crowd fundraiser.
Token Functions
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Cardstack’s aim is to build an economically sustainable software ecosystem that defends and fights back against the rampant lock-in mechanisms of centralized platforms. Sectors such as makers and users are the only recognizable one on the platform.There are advantages it has for these sectors on the platform and they include:
For Users : Cohesive User Experiences
The evolution of blockchain has been a golden and rare opportunity to break down different silos of apps that defines and explains the tech world today. For the production of a Cohesive User Experience (CUE) i.e. one which is involved in the establishment of a flexible design paradigm that can coordinate all the moving parts in the user’s digital life. In accordance with the fluidity of token-based apps, progress can be achieved all the way from a one-icon-per-app business arrangement of today’s mobile and cloud world. In order to gain mass market by blockchain based apps, one must bridge a gap between the power of blockchains and cloud convenience.
While balancing the incredible global scale as well as cost efficiency, the app’s framework and token mechanisms combine the new opportunities provided by smart contracts so as to deliver this user experience. The power of decentralization is put into a real-world use by the technology and displays the world can be enriched in an equitable manner by the crypto-driven economy (they are backed by blockchain protocols). Blockchain requires a true “full stack” framework to reach mainstream users. This application framework is called Cardstack.
For Makers : Fair Distribution of Rewards
A new economic model for sustaining and funding the software that runs the world was proposed in such a way that makes rewards get distributed among software creators and the open-source communities that supports them. In this decentralized software market, applications buyer enters into a direct deal with the aid of smart contracts. This smart contracts coordinate a diverse network of software development teams, app coin-backed protocols and cloud hosting providers. All material costs for running the app are taken care of by the buyer as long as there is a direct link of cost to usage. There is also a payment of royalty that is split between software developers to serve as a reward for initially creating and showing continual support to all components making up that particular application. They are rewarded through a reward pool on the basis of properly designed incentives which will lead to software improvements over time. According to this arrangement, the application software is considered economically sustainable especially with the fact that every buyer covers his or her costs and the limited resources (i.e. venture capital or token sale proceeds) are not depleted by the software.
SILOS involved in Cardstack
- Mobile Silos: The App Store era turns software features into a one-man or standalone native apps and do not usually interact with each other and require users to choose between multiple overlapping features to form their workflows.
- Cloud Silos: The movement of software to the cloud helps users to manage multiple subscriptions to cloud-based software-as-a-service (SaaS) products and choose the right plan to optimize cost across all the needed features.
- Emerging Blockchain Silos: From the evolution of blockchain and decentralized apps (dApps) intensified the situation by making sure users acquire and manage the supply of utility tokens for each of the functions that makes up their software stack.
CARDSTACK FOUNDATION
This is a non-profit foundation that is based in Canton of Zug, Switzerland. The goal of the Cardstack foundation is to promote and help in the development of the Cardstack software, architecture, protocol and applications. One important thing is the foundation helps in providing financial support for research and development activities necessary for the promotion of the Cardstack software, architecture and protocol. They also will take up the responsibility for planned fundraiser as well as ensuring that raised funds are budgeted and allocated to fulfil its founding purposes. Purposes of the Cardstack Foundation include :
- They act as steward for continual development of the Cardstack software, architecture and protocols.
- They encourage the publishing of open-source code, data formats as well as documentation within the Cardstack ecosystem.
- They help to facilitate a well-functioning market that encourages a stable adoption and usage of Cardstack software, architecture and protocols.
- They help to develop and refine economic and statistical models in which a fair allocation of rewards is guaranteed to Cardstack ecosystem participants.
- They pioneer the funding research initiatives that can unlock the ecosystem potential.
- They make contributions directly or indirectly from users to support the foundation’s operation.
- They foster an inclusive, welcoming community of contributors whose belief are in tolerance, respect, hard work and inclusion.
- They delegate the responsibilities to carry out the functions of the Foundation through the appointment of competent agents all around the world.
- They implement and design cryptography-based trust models which reward good faith actors and resist attacks from bad actors.
- They educate the world on the value of the Cardstack approach via advocacy, events, training and every other means of communication.
ICO DETAIL
Smart Contracts, Cardstack Token and Software and Services Token
Smart contracts in the Cardstack ecosystem are upgradable via a registry abstraction and this redirects transactions to the latest version. Cardstack Tokens are written as CST and are also simply referred to as “cards”. Cardstack token is the tradable token based on the ERC-20 standard of the Ethereum network. Software and Services token are non-transferable entries in each application contracts. Software and Services token serve as a store credit which can be redeemed within a specific period of time by a user. SSC is deducted and burned as usage is metered. When CST are converted into SSC, they are locked in a reward pool and are distributed to contributors on a multi-variable model.
Token Allocation
Majority of Cardstack tokens will be distributed among end users, makers and miners of the ecosystem. Also, a portion of the tokens will be reserved for the Foundation and the Syndicate which will vest for over 5 years. The Cardstack Foundation at the Token Generation Event will be generating 10,000,000,000 CST. During Year 1 through pre-allocation, crowd fundraiser, and airdrops will distribute 30% of the generated tokens. The tokens for peer exchange will be available at the conclusion of crowd fundraiser.
Token Functions
- Application Retainer
- Custodial Fee
- Registration for Teams and Projects
- Staking an Opinion
- Metering Usage
- US Dollar Peg
- Rewarding Makers and Miners
- Performing Analytics
- Inflation
- Token Availability for Users
Whitepaper
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ANN Thread
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