ANN [STK] STK Global Payments - A New Cryptocurrency for Instant Payments

[baby222]

Is the Wallet app developed yet or is this what the ICO is for?

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[nick_STK]

Is the Wallet app developed yet or is this what the ICO is for?

Yes, the wallet app has been developed and works right now for fiat currency. We are in the process of integrating it into crypto and developing the smart contract to enable state/payment channels for real-time payment settlement.  We are also in the process of integrating it into a 3rd party exchange to facilitate the exchange from crypto  to fiat.

Nick

[nick_STK]

Here's a Chinese article that was published on STACK/STK:

http://mp.weixin.qq.com/s/EUpp-Kq5yozMI6BLE3Z3ww

[nick_STK]

Our STK token is CryptoMania's Coin Of The Day , Nov 6 edition! https://cryptomania.com/november-6th-2017/

[electronicash]

i have a question for the team, i can see they set the minimum funding goal of this project to 3,600ETH. i find this number too much but then lets say the team really need this much.

how much had been collected so far for this project and why is it that i can't find it on the site?  who escrows the funds if there are?

[Monkey1]

How much investment did the project collect?

[iamntyagi1*]

Great coin, who are the competitors of this coin ?

[nick_STK]

How much investment did the project collect?

We will provide an update closer to the end of the presale. 

Nick

[nick_STK]

Great coin, who are the competitors of this coin ?

Hi there - competitors would include TenX, Metal and Monaco.

[Catalinamixer]

None of them have tap to pay within their app tho!  

Great coin, who are the competitors of this coin ?

Hi there - competitors would include TenX, Metal and Monaco.

[nick_STK]

Some good news to kick off the weekend! We've made some changes to our sale structure & strategy. The highlight? Lower minimum presale buy-in!

Read all the details here:

https://medium.com/@STKtoken/were-making-some-changes-4cc2a39ceb33

[magisterr]

Our public sale will run from December 11 until January 14, 2018.

extend ICO for few months? Its madness!! If you cant raise money in one or 2 weeks, you cant raise in half of year.
You was must launch public prototype in this year, and now you extented ICO till next year?

[Catalinamixer]

I don't see it that way... they are being transparent on changes. Also they didn't change value of STK tokens (still about 1500 STK for 1 ETH), just lowered min for presale and extended dates to account for change.

[Crytocoin]

Does anyone know how much investment is made? I want to invest in ICO, but I have no idea.

[traveler007]

Does anyone know how much investment is made? I want to invest in ICO, but I have no idea.

Almost nothing. Their Contract adress:
https://etherscan.io/txs?a=0x01C440b0cA3549AcbdD5C1bD18a5c367a95BA68B

They want 100 millions for nothing and without product. Useless project.

[sebr1ng]

Based on what I've read it seems like an interesting project - but one of many with more or less the same objective. I like their funds spending plan, but all-in-all I'm not sure if I'd invest or not. Do you guys here have any more background info on the team (successful or unsuccessful projects to date, ...)? I'll wait couple of week to see how the pre-ICO campaign will be doing and their presale and decide then...

[nick_STK]

Our public sale will run from December 11 until January 14, 2018.

extend ICO for few months? Its madness!! If you cant raise money in one or 2 weeks, you cant raise in half of year.
You was must launch public prototype in this year, and now you extented ICO till next year?

Hi Magisterr,

We had to extend the dates for various reasons based on the current market conditions.  One of the main drivers was the Bitcoin Segwit2x fork which was at the time (prior to its cancellation) compelling most of the accredited/institutional investors who we had verbal commitments from to hold their existing crypto positions.  With the fork out of the way, there is more liquidity now in the market and are now back in the conversation with these potential investors. It's also quite obvious that the ICO market is not the same as it was back in the summer so it's taking us longer than expected to close on presale contributors. This additional time also gives us the ability to continue to go out there and promote our project.  We are in Singapore this week at the Singapore Fintech Festival and are speaking at the North America Blockchain Expo in Silicon Valley at the end of the month.

Additionally, due to current environment, the feedback from the general community was that we had to revisit our terms and scale back our token supply, hard cap and minimum buy-in amount which we have done. 

The public sale now begins December 11th.  If we had kept the same duration, the tail end of the sale would've overlapped with Christmas and the holiday season.  We thought it would make sense to extend it 2 weeks past January should there be contributors who were away for the holidays or didn't have access to a computer during the sale period.

I hope this answers your questions/concerns.

Nick

[magisterr]

Its only tales. Good project raising money without problem. Your problem - you dont have working prototype. And millions money for idea- madness, such as extented ICO for few month also madness.

[Catalinamixer]

Have you seen this? https://youtu.be/UiGH4X7EkvM

Looks like a functioning prototype w tap to pay at point of sale. Pretty advanced imo

Its only tales. Good project raising money without problem. Your problem - you dont have working prototype. And millions money for idea- madness, such as extented ICO for few month also madness.

[sebr1ng]

But is there a prototype released for public (or closed beta) so we can have proof?