A Cryptocurrency for Tap to Pay on Smartphones
We are now in the golden era of currency. Thanks to the birth of Bitcoin in 2007, we have seen an explosion of new digital currencies over the last two years. Along with the explosive volume we have seen a meteoric rise in the value of Cryptocurrencies.
The overall market cap, exactly one year to the day was 13,812,600,000 USD. It now stands at 204,586,109,283 USD, an increase of 1482.2%. It’s an astronomical yearly increase and Cryptocurrency is still very much in it’s infancy. It’s a mouth watering thought for many who have invested and for those who are planning to invest. It’s not too late!
As Cryptocurrency gets introduced to the masses and becomes a must have commodity, very much like the internet has become, the prices will continue to soar. An investor can look at the market and decide on which Cryptocurrencies will continue to grow. The savvy investor though, will look for assets that will compliment and nurture that growth.
The STK token, issued by Stack Global Payments will be used as a method to pay for goods at over 39 million merchants worldwide by using tap-to-pay on your smartphone via their app.
The Stack app uses the STK token to open up a state channel which processes the transaction in a matter of seconds in any currency, including Cryptocurrency. Opening the door for the growing crypto holding population to give them the ability to use it, rather than it being sat stagnant and unspendable.
Outside of the Crypto world it also has inherent value. Stack users can attain a credit card and pin which is linked to the app. When you make a purchase, you receive notifications on the app to give you better overall control of your spending and your finances as a whole. On the app they have given us the ability to freeze the card incase we lose it.
How does Stack connect to over 39 million merchants worldwide? Stack global payments partnered with Mastercard in September to allow transactions to take place seamlessly worldwide.
The Team*
MIRO PAVLETIC -CEO
Agile Execution Leader with demonstrated leadership skills and a proven track record with premier brands including VIRGIN, MASTERCARD, TD Bank, CIBC, BELL MOBILITY, CIBC MELLON GLOBAL SECURITIES. Provides sound strategic direction and execution across mobile payments, online & eCommerce, marketing, campaign management, I/T, sales, operations, and finance disciplines in large, complex businesses to innovative Start-Ups.
NICOLAS DINH -COO
A dynamic digital commerce and fintech business leader who specializes in product strategy, product development and go-to-market execution of mobile/e-commerce payments solutions. Has a proven track record of leading the mobile product management efforts by creating and executing mobile/information technology platform and infrastructure strategies.
CHAD LEGER -CFO
A strategic finance and operations leader with 20 years of experience in the technology sector leading teams to drive shareholder value for businesses ranging from startups to Fortune 100 companies. Experience with raising debt and equity, as well as M&A.
ETHAN WILDING — STRATEGY
Ethan has done what few people have managed: turned a philosophy doctorate into something practical and useful. He brings his expertise in blockchain technologies to help clients and partners develop new strategic models of governance and finance. Prior to joining Ledger Labs Ethan was the Resident Philosopher at Ethereum, and lecturer of Philosophy at Balsillie School of International Affairs.
ADAM LEMMON -BLOCKCHAIN SPECIALIST
A passionate engineer looking to innovate and motivate those around him. Striving to push the technological limits. He has superb knowledge in Software Engineering, Blockchain Development and Education, Ethereum DApp Development, Agile Product Management Product Design.
YERVANT KULBASHIAN -CTO
Worked as an Android intern at BNotions. He went on to work on a bluetooth connectivity module, and his work was similarly exemplary. At Agile he led team on multiple projects, including Vine 360 and Carnival Cruise. Yervant then went on to become a team leader at Shopify.
TEDDY YIP -STRATEGY
Progressed rapidly through the ranks at Cibc excelling in Wealth Management, Strategy, M&A Wholesale, Credit Investment and Risk Management. He has a vast knowledge in Project management and Lean six sigma.
AMANDA ASHFORD -BRAND/PR
More than a decade spent working with high-profile brands that champion consumers and their communities, helping businesses raise millions of dollars for social causes, generated countless media impressions and built marketing campaigns that make front page news.
CASEY ROVINELLI -DIGITAL MARKETING
A passionate digital marketer with over 18 years experience creating marketing programs and platforms to drive revenue, brand engagement and customer acquisition.
JEFFREY ACE FULGAR -DESIGN
Multimedia Hybrid. UX, UI & Motion Designer crafting digital experiences on iOS, Android and The Web.Photographer & Videographer documenting the growth of the Canadian Basketball scene.
ANGELA AU -PARTNERSHIPS
A business oriented Marketing and Retail executive who has demonstrated success in creating innovative, business building programs that deliver sales while maintain brand values and integrity. Strategic thinker with solid analytical skills and a strong creative aptitude who can execute for immediate results while achieving long term strategic objectives. Currently responsible for brand partners and merchant relations at Stack Fintech Co. Highly regarded for diplomatic skills and the ability to operate and manage complex organization internal structures and external partnerships.
SHARAF ANSARI -ENGINEERING
Member of the Knox Solutions team at Samsung Bangalore. Work on the Mobile Device Management(MDM) aspects of Knox and other features. Trainer for Samsung Software Competency Exams.
Social statistics*
Twitter -2347 Followers
Reddit -25 Readers
Medium -65 Followers
Telegram -434 Members
Discord -233 Members
News*
September 27th, 2017 -Newsbtc.com
STK announced plans for a Token Generation Event (TGE) today which will run from October 25-November 3, 2017 with a pre-sale available to registered participants from October 11–24, 2017. Proceeds from the sale will support ongoing development and future implementation of the STK token with partners around the world.
October 5th, 2017 -Betakit.com
Stack is implementing the STK Token, which allows cryptocurrency to be used at brick-and-mortar stories. The STK token is meant to facilitate borderless transactions through a smart contract, which facilitates a real-time exchange of cryptocurrency into fiat at the POS.
October 6th, 2017 -Techvibes.com
The Toronto-based fintech company has partnered with STK Global Payments to support the exchange of STK tokens — a blockchain-based currency — through Stack’s mobile payment options. Stack said the move makes them the first fintech company to enable instant and contactless mobile cryptocurrency transactions.
October 14th, 2017 -The_blockchain.com
STK Global Payments, creators of the STK token, is announcing their Global Advisory Board, four weeks ahead of its public Token Generation Event beginning on November 13, 2017.
October 15th, 2017 -Themerkle
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.
October 19th, 2017 -Token Market
STK Global Payments announced that Alex Tapscott will join the STK Advisory Board, providing strategic direction on the development and implementation of the STK token. STK is holding a Token Generation Event from November 13–24, 2017. A pre-sale will run from October 30-November 13, 2017.
October 19th, 2017 — Huffington Post
I sat down with Miro Pavletic, Director of STK, to talk about the state of cryptocurrency and his mission to level the playing field between cryptocurrency and cash, starting with point-of-sale. Pavletic says the company’s technology enables users to transact with cryptocurrency in mainstream markets and at brick-and-mortar stores without the cumbersome exchange process typical of most cryptocurrencies.
The ICO*
When:
Available for purchase on the STK token sale site (www.stktoken.com) commencing November 13, 2017 at 17:00:00 Coordinated Universal Time (UTC). The sale ends November 24th, 2017.
Token name:
Stack (STK)
Total supply:
1,000,000,000 (1 Billion) STK
Distribution:
STK are hosting a token distribution event of which 550,000,000 (550 Million) STK tokens will be sold out of a 1,000,000,000 (1 Billion) supply
55% -ICO
25% -Held for transactional costs and to expand liquidity pool for future growth
10% -Founders and development team
5% -Advisors
5% -Token sale costs
Price per token:
1 Eth = 1489 STK
Soft cap (minimum needed to go ahead) -3600 Eth
Hard cap (maximum that can be raised) -310,345 Eth
Important links *
If you would like to participate, the ICO is taking place on the STK website.
A link to the STK whitepaper if you would like more details on STK.
My Ether address -0xD9e835E886E4257F775c83F54f332d0a07E9eA83