The LSR/Kubo team has released an update regarding the adjustment of plans to deploy CoinStack tokens and clarify the ratio of swap holders of LSR and Kubo coins. An adjusted roadmap for further development of the CoinStack ecosystem after swap was also released. Join the discord channel
https://discord.gg/mfs6Xmy to always have the latest news about what is happening.
Newest Update:" With Bitcoin and the supporting cast of the crypto-currencies trending in a positive direction, the time for action is now to ensure we have our fair share of the potential new market cap that is developing out of a post COVID-19 global economy. The newly developed CoinStack team has been in active dialogue with not only with each other but also community volunteers and members to ensure we leave the merger in the best possible condition. During those conversations, a few items became abundantly clear and apparent regarding the aforementioned plans and the direction the team wanted to go on to build value and use through our products and services.
WE WERE GOING EVERYWHERE AND NO WHERE FAST! Let me explain:
The previous administrations behind Kubo and LSR both started off as community initiatives due to poor behaviors by a previous founding team or group. Riding the wave of emotions and excitement to persevere the community's investment, both the LSR and Kubo took on more work than could be physically managed in a timely and professional fashion. This over time lead to delays, short comings, in team fights, community fights and distrust, and overall negativity that ultimately led to our exchange markets looking no different from a scam or dead project despite both teams genuine efforts to continue working and paying things out of pocket to keep things going.
As of this update and writing, to call Kubo and LSR a failure would be a fair criticism and well warranted. Both teams failed in their quests to bring quantitative value to the digital assets and cashing in on the previously touted potential of the teams themselves to get the job done.
Surely any sane group of adults would just close up shop and call it quits. Why put up anything that is not benefiting you in any meaningful way? This sentiment was the sentiment of both many in the team and in the community (probably the only thing we shared at certain points in time). However, the individuals that remained and now make up the CoinStack team are different.
We are trimming the fat and that starts with this update and every update that follows it. We are forging something new that we can upkeep and maintain regardless of a bull or bear market but that has value worth putting money into. We want to have simple to use but robust products and services that foster a sense of pride in the work we do but in those who seek to profit off the work.
THE UPDATE:The following items constitute the changes made that combine the original merger documentation with the additions&changes that resulted from hours of dialogue.
Official Road Map:Remainder of 2020-Swap to Coinstack (LSR+Kubo) (October)
*Week 1 - LSR (1:4), Kubo (500:1)
*Week 2-8 – LSR (1:3), Kubo (1000:1)
*Week 9-12 – LSR (1:2), Kubo (1500:1)
*Week 13-16 – LSR (1:1), Kubo (2000:1)
*Week 17-24 – LSR (1:1/4), Kubo (4000:1)
-Launch of CoinStack Centralized Exchange (August/September)
-Launch of CoinStack Dex (August/September)
-Alpha launch of CoinStack Staking Pools (November)
-Alpha launch of CoinStack Mining Pools
-Listing on a new Exchange lead by our very own SilverFox
-List on Uniswap
-List on ETH based DeXs for added volume and liquidity
-Launch the new Coinstack website
-Merge the communities into one set of channels
2021- Launch of L3 Exchange&Leverage Platform
- Improvements on our exchanges and pool services
- Prepare for Eth 2.0 to implement into our github and chain
- add mobile support to the exchanges and pool services
- build on liquidity and add market making services via human users and bots
- List our exchanges on tracking platforms and sites (I.E. CoinMarketCap, CoinGeckio, Blockfolio, etc.)
- Re-Introduce weekly community calls to serve as a feedback portal between the team and community
- prepare CoinStack LLC to go public
2022- Expand the Exchanges and related services
- Royalty Programs for legacy members
- Mobile Wallet and App support for major Operating systems
- Begin the legally documentation to white-label our platforms and services to fast track start up projects and non-cryptocurrency companies that want to enter the market
- Offer IEO for qualified applicants
2023-Expand further into established markets among built up clientele
-Sponsor seminars and conferences
- release minor IPs that will enrich the ecosystem and improve the overall user experience
- integrate with at least ONE prominent technology-based company
- Stock offering for CoinStack Inc.
Company Objectives + Timelines CoinStack LLC and its team chief focuses are as follows:
1) 1st Class Customer Support
2) Progressive Building of Products
3) Engaging in Active Dialogue with the Community
4) Consistency Between Updates Staying true to our roadmap, our timelines for products and services will be in complete sync to our road map. This ensures both our current and future community members know what to expect from the team but also so that our coordinated marketing campaigns are connected appropriately.
With these timelines, we are also ensuring we stay focus on a small number of tasks to guarantee quality workmanship but also to avoid repeating past mistakes. This is not to say that smaller updates or add-ons will not occur but that the team focus is on the roadmap and ensuring we continually refine and polish our products.
With the changes, we know that disputes and protest will occur, and people will mock and
doubt our advances despite any good that comes of them. With all things in life, we are choosing to side with our supporters and build upon solid foundations with a focus on cultivating an enriched and knowledgeable community. It won’t happen overnight and even with everything being completed, it wont undo the past failure on the behalf of the team. However, it will set the path for new trust and support to be built and for the Community and Team to exhibit the characteristics needed to drum up the momentum to reach the higher rankings within the cryptocurrency space.
SWAP + STOCKS The following information constitutes the new swap ratios and information regarding the swap itself.
Swap to CoinStack (LSR+Kubo)(October 2020)
*Week 1 - LSR (1:4), Kubo (500:1)
*Week 2-8 – LSR (1:3), Kubo (1000:1)
*Week 9-12 – LSR (1:2), Kubo (1500:1)
*Week 13-16 – LSR (1:1), Kubo (2000:1)
*Week 17-24 – LSR (1:1/4), Kubo (4000:1) The team’s original ratio needed tweaking. After hours of dialogue, the new revised ratios for the upcoming swap taken into account a few factors. The first factor is the on-going issues with the current wallets and chain that plague the community. There is no way around it, the wallets and chain issues caused for many to lose out on potential rewards and payouts from operating masternodes. This is unfair to the community and the team took this into account to tweak the ratio. The second factor was timeline of the swap itself. We want to make sure people have time to swap but we also do not want to backlog ourselves by having to deal with swap requests and discussions. So, the swap ratio scale was tweaked to reflect the result of that thought pattern. The last primary factor was making sure we practice what we preach regarding involving the community. The community and its patrons were not included in the dialogue for the swap ratio and this created a hypocrisy for the team. Thus, the new swap ratios are the result of conservative efforts to do right by the community.
The Swap itself will be in October and will go on for 24 weeks/ 6 months for all within the KUBO
and LSR community. This to implement the new CoinStack asset as soon as possible into the growing trading market but also to allow the community to use the digital asset within our exchange platforms that will be out and operating prior to the swap period. As part of the new focus on trimming the fat, we want to ensure we have as much of the trading of our asset in house and build a formable trade base prior to CoinStack taking off on other trading platforms.
STOCKS The stock trade in option will be delayed and shelved until 2023. The team decided this was an unnecessary development at our current development phase and would yield less than ideal outcomes to justify the legal and personal costs to conduct the transfer lawfully and adequality. Sticking to our road map and building out the platforms and services in a consistent option will make any stock option we offer in the future much better and of higher value! Lastly, the team wants future investors in CoinStack Inc. to have tracked and documented analytics on the company and its items to ensure a higher likelihood of capital being raised but also the correct stockholder that match our objectives and goals.
USECASE The last item in this official update and perhaps the most important given the events and actions that will result after this update. The use case for CoinStack will be one track to ensure we stay on point with our deliverables but also become masters of one market and its associated demographics. That use case will be an exchange+ ecosystem asset. Simple in nature but will allow our wheelhouse to be in perfecting any and all services that make an exchange ecosystem attractive and desire. It also stays in the vein of the original use cases that were sought out by KUBO and LSR. Any use case that is added to this will be as the result of overwhelming feedback and support by users and votes made by shareholders in the company. The team is aware of the competitors and the roadblocks ahead for this market but is fully committed to this use cause and its multi-layered solutions that make trading and using crypto easier in a secure fashion.
CLOSING This update serves as the template by which the CoinStack team will build and work by but also a social contract between the team and the community. An end to the excuses and missed opportunities and an ushering of
ACTUAL development and tangible progress. The team only asks for
ALL IN THE KUBO AND LSR COMMUNITY TO TRANSISTION OVER TO THE NEW DISCORD:
https://discord.gg/48UAM7Z and to use the services and platforms that are about to be releases as we prepare to swap and go into 2021 a actual community and crypto project worth looking at in a honest fashion based solely on results. Thank you as always for your time and
patience throughout the last two years in both LSR and KUBO. It was not for naught and will be repaid in full within the achievements and progress made within CoinStack.
“Two things define you: your patience when you have nothing and your attitude when you have everything.” P.S.
Coin Stack CEX and Coin Stack DEX are being primed to go live for registration for This month and the month of September. Shortly after, deposits and trading will be enabled for all registered users. Soon after that, polls will be held weekly for additions to the exchange that are desired by the users.
P.S.S
With the recent news of ETH 2.0 being delayed, we will be a ETH token to begin until the release of the ETH 2.0 chain and proper beta testing has been done to ensure no major bugs are found that can comprise the chain and the assets of the community. Once that is done, we will fork the new ETH 2.0 chain and make our own Coin Stack chain to build upon.
P.S.S.S
The KUBO and LSR Channels will be closed soon to assist in the goal of transitioning community members to the new CoinStack Discord. A linked Telegram will be created and posted within the discord for the community.
https://discord.gg/48UAM7Z P.S.S.S
The team hopes everyone is staying safe and in good health. We know with the current health crisis; many people are being affected negatively
