STK (stack) is a new token that is launching and looks pretty impressive.
It’s one of the most hyped up ICO’s at the moment though so the question on everyone’s minds is whether it can live up to the hype.
Today I’m sharing my honest review of the STK (STACK) token.
The future of currency lies in cryptocurrency which is an unregulated way of dealing with funds plus there’s no middle-men like banks taking cuts of peoples money.
International coins use a cryptocurrency system to perform crowdfunding.
It is a great source of capital for startup companies.
This is a form of token sale where participation is sold in an economy thus giving investors access to future project royalties.
One of the ICOs which is about to go mainstream is Stack Tokens. They are expected to offer a better way of spending, transferring and saving money. These tokens are based on the idea of using individual’s money. It is a better form of investment since it allows you to store money securely and manage it in any form of currency at your convenience.
Stack tokens facilitate fast, cheap and borderless transactions. They do more than just allow users to perform crypto transactions. This form of ICO enables borderless fiat-to-crypto transactions. Two or more users exchange information. It provides access to state channels which ensure that there is enough cryptocurrency in one’s digital wallet. State channel participants can exchange a large number of transactions instantaneously. Fiat currency is used to complete a sale at a point of sale. It is designed to help users spend their digital currencies using tokens at a cheap transaction cost. Stack tokens are ERC20 compliant thus allowing them to be implemented in the Etherium block chain.
Payments can be done using a smartphone app where money is stored safely and accessed easily. Transactions can be made anywhere using any form of currency including crypto. A stack app is used to spend tokens at a point of sale, globally. Transaction fees are similar to Ethereum,s transaction fees. The state channel technique allows you to make off-chain transactions with the same security guarantee provided by on-chain transactions.
Expected Solutions Stack Brings
These tokens aim at improving acceptance of cryptocurrencies. They are expected to fix digital currencies in the ordinary trade market. This form of individual money is a substitute for traditional investment. Money can be stored more securely and managed easily. This token delivers immediate cryptocurrency costs to a group of individuals. This facilitates a unified addition of cryptocurrency into normal trade and monetary facilities. These tokens also aim at completing payments at point-of-sale much faster.
Using Stack Tokens
Creation of a stacking channel on the STK platform is authorized by loading STK tokens in the mobile wallet. The value of the transaction is provided on the app after spending money at a point of sale. The transaction request sent by the user to the stack is received and verified instantly. Stack and user’s smartphone maintain the current state of the channel. The Stack local currency account is authorized to pay the requested purchase using a global network. There are no fees for making transactions between user and STK, as long as the state channel remains open. All or part of STK tokens can be retrieved from the channel by withdrawing funds. This is done by signing and publishing a withdrawal request. The same is done when closing a state channel.
Stack Verification Policy
There is a verify policy which allows individuals to manage and share verified payments and digital personalities. Users are provided with a reliable line while accessing PII data. It protects end-to-end learning, certifications, affiliation credentials, warranty and digital identity. This policy allows Ethereum to exchange permits and identifications. In-service procurement is facilitated by the verification app-token.
Stack Modes of Payment
The mobile payment app allows merchants and consumers to use cryptocurrencies much easier. It provides NFC-based mobile payments. The user spends their cryptocurrency as the merchant receives fiat currency. This exchange is easily facilitated by state channels. These guarantee real-time transactions on the blockchain. It eliminates the need for replacing POS equipment. An existing payment network will be used to facilitate payments at million merchant locations.
STACK (STK) Conclusion / Opinion
Stack tokens enable you perform transactions using cryptocurrency in mainstream markets as well as brick-and-mortar stores using a simple exchange process, at least that is what their aim is and if it comes to fruition it will be a great thing. That being said this is not really the first of it’s kind. Does that mean that it can’t succeed? Absolutely not. I won’t be investing in this ICO simply because I’d rather wait until it hits exchanges plus I am heavily invested in others at the moment.
If you feel confident in what Stack is offering then there’s no reason not to jump on-board at pre-sale or ICO, it could end up being a great solution.