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Introducing the STK Global Advisory Board: STK’s Global Advisory Board has decades of combined strategic experience spanning multiple industries, including finance, technology, political science and regulatory affairs. The Board includes a founding member of Ethereum, a Stanford University Visiting Fulbright Scholar, an award-winning publisher and entrepreneur and a Blockchain Specialist with multiple successful exits. “This is an incredibly distinguished group of industry leaders, with a wealth of both practical and strategic experience,” said Miro Pavletic. “We’re fortunate to benefit from their thought leadership as we move into the development and implementation phase ahead.” https://medium.com/@STKtoken/stk-global-payments-announces-global-advisory-board-c20625b67462 |
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Hi there! Price will be pegged to ETH. Our fundraising goals are tied to our roadmap and deliverables - we're trying to get into as many markets as possible as quickly as we can. Capital raised from the STK Token Generation Event will enable a swift expansion into international markets later next year. The more capital we raise, the faster we can build and deliver our product! We've had a great response so far, and you'll see more of us in the coming weeks  1420 STK / ETH.
~$0.20 / STK. Price will be pegged to the dollar or ETH? You want to raise around 100 millions dollars... Its to much. Why you dont have any adversiting on big news boards?  |
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Hi there! State channels are not a centralized system. The transactions are signed from your personal phone. If you take funds out of the channel you can do so without permission. STK ensures that the owing amount is left behind. Hello!
Thanks for your question! The payment channel solves that problem. Payment channels don't need to be mined -- as soon as the signature is there, the commitment has been made (that's the "promise"). The settlement/mining happens at opening and closing the channel.
Hope that helps!
Somewhat. So...the payment channel is centralised and relies on a Trusted Third Party? |
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Hello! Thanks for your question! The payment channel solves that problem. Payment channels don't need to be mined -- as soon as the signature is there, the commitment has been made (that's the "promise"). The settlement/mining happens at opening and closing the channel. Hope that helps! From the article: STK resolves the above problems by acting as a middleman between the existing payment rails and customers’ private crypto wallets. The STK token provides access to a payment channel between a crypto wallet and a 3rd party liquidity provider. This liquidity provider holds a reserve of local currency. Initially, the liquidity provider will be STACK. When making a purchase using STK tokens,
STK obtains a signed transaction from the customer promising to send cryptocurrency from their wallet to STACK’s wallet.
STACK then pays for the purchase from it’s own local currency reserve, using the existing payment rails. Normally a transfer of say Ethereum is validated by miners, but Stack seems to be saying they will short circuit this process? Is that right? Otherwise how will it be instantaneous? On what basis does stack accept the promise? [/quote] |
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Hi there. Great questions! STK’s pool already has the funds in local domestic currency, waiting for the POS transaction. The exchange happens after the fact; when we close the channel we take our payments out and exchange them to fiat to replenish the pool of funds. Let me know if that helps to answer your questions! We've also posted a Medium article that explains some of the backend technology. You can check it out here: https://medium.com/@STKtoken/how-stk-works-6a504a50d843OK. Let's say I'm in Canada. I want to pay for my coffee with Ethereum using this app.
I do the transaction using the state channel etc.
So behind the scenes, and perhaps happening after the fact by utilising the liquidity pool to speed things up I presume.....
1. The Ethereum is sold for USD?
2. The USD is then exchanged for Canadian dollars?
3. the Canadian dollars are sent to the cafe
Where do these things happen and what are the expected costs?
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Hi there! That's correct, any unsold STK tokens will be burned. Hi STK,
What will happen to any unsold tokens once the ICO finishes? Will they be burnt?
Thanks
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Hi there! The first implementation of the STK token will be within the STACK app, a mobile wallet app which is currently in private beta and will launch in Canada later this year, followed by a U.S. roll out in Q1 of 2018. Capital raised from the STK Token Generation Event will enable a swift expansion into international markets later next year. The more capital we raise, the faster we can build and deliver our product! What countries this project will work?
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Hi there! There is a presale from October 11-24. You can find details on our bonus structure here: https://stktoken.com/register-for-presale.htmlThe funds we raise will be invested directly into the development and public launch of the solution. The more capital we raise, the faster we can build and deliver our product. It also has a direct implication to the number of users we can initially onboard since we will set aside a fiat liquidity pool in order to settle transactions instantly with the merchants accepting the payments. I hope that answers your questions! Will any bonuses be available for investors? Is there a presale?
And the main questions - why is the hard cap is so huge?
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Hello! Thanks for your question. The funds we raise will be invested directly into the development and public launch of the solution. The more capital we raise, the faster we can build and deliver our product. It also has a direct implication to the number of users we can initially onboard since we will set aside a fiat liquidity pool in order to settle transactions instantly with the merchants accepting the payments. Hope that answers your question! You need 100 mln hard cap and only 1 mln soft cap. Why you need so big hard cap?
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Hi there, That is correct, our pre sale is running from October 11-24, and our crowdsale is from October 25-November 3. Cheers! how long duration ico selling dev only one week
because iam read in bounty thread crowdsale end 3 november
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Love it! |
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Hi Adliem, Thanks for your comment, great to hear you're interested! Our STK token will enable instant payments at point of sale, using just your mobile, so you can use cryptocurrency for day-to-day transactions, straight from your smartphone. The idea is to open cryptocurrency up to normal, everyday bankers. Not necessarily instead of local currencies, but as an option or an alternative, where relevant. We want people to have the choice to use it, when and where they want. Competitors in the space are working towards a card-based solution - we are focused on contactless functionality in addition to a physical card, so you'll be able to make contactless crypto payments using just your mobile. We also have a working prototype, leveraging the STACK app, a fiat-currency financial services app, which is currently in beta and scheduled to launch by the end of the year. I hope that provides some answers! I'm looking pretty closely at this. I like the enormity of the market.
Keen to see some competitive analysis - if anyone has looked closely at Ten X, Monaco, Metal.
Not sure how attractive it will be from a customer's point of view. Yes it will appeal to the cryptos, but will it appeal to everyday bankers? Is the success dependent on adoption by everyday bankers? The company say a great UX will help it attract customers, and undoubtedly it will, but how does this compare to the security offered by the major banks?
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Hi there! We’ll confirm our listings closer to the end of the end of the token sale. For now, you can register to participate in the token sale at: https://stktoken.com. Cheers! OK. Thanks for the info. On which exchanges do you plan to trade?
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Hi there! No, there is no need for additional merchant mobile devices. Merchants can use their existing payment terminals that accept any major credit or debit card. Hope that helps! This is a merchant for mobile devices? You have any competitors right now? Monetha have similar service or no? |
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