What is STACK?
STACK is an alternative to traditional operations in a better way to spend, store and share your money, free of charge and directly from your phone. Our app gives its members smart solutions for personal finance, with features like real time notifications, effortless savings, financial IQ and cellular tap-pay functionality.
STACK is creating a community of users celebrating the most important moments
by sharing stories about transactions at BLUAR World Stream.
The STACK Wallet is a work product currently in a private beta version with a waiting list of 20,000 people and a container for 10 sub-accounts that can hold up to 10 different currencies - both local and crypto currency.
Vision
STK Global Payment's vision is to create globally accessible alternatives to traditional banking, allowing you to safely store money, access it instantly and transact with it anywhere in the currency including crypto by using STK token, directly from your smartphone, with using STACK Applications Create a digital wallet as a companion of traditional card solutions, the STACK app lets you use your currency at point of sale, anywhere in the world.
How does this work in practice?
1. Create State Channel: Users enter their STK token into the STACK mobile wallet, which authorizes the creation of State Channels with STK platform. The user device and STACK store a local copy of the current channel state. Country channel creation requires on-chain operations.
2. Making Transactions and State Changes: When a user makes a futures transaction using STACK, they receive a visual prompt on the STACK wallet indicating the transaction value, similar to the traditional tap-to-pay mobile application. Behind the scenes, users authorize transactions to send equivalent crypto to the STK platform. Immediately, the STK platform receives signed transactions, indemnities, and keeps a copy of the new country chain. STK then authorizes local currency accounts to pay for purchases requested via global payment network rails on behalf of users. Because transactions take place off-chain, there is almost no delay except for a small amount of computing time and network latency.
3. Maintain Ready Funds: As long as the State Channels are open, there is no charge for making any number of transactions between users and STKs. In addition, there is no cost to keep the channel open.
4. Withdraw Funds: If users want to recover all or some of their STK tokens on channels that have not yet been sent to STK, they can do so by withdrawing their funds. Users sign and issue withdrawal requests, which require on-chain operations. It is possible to make partial withdrawals, so the user is always safe to be able to retrieve his ether while still opening the channel for future transactions with the STK network.
5. Closure: To close the State Channel, one party signs and issues a close request to the State Channel. This starts a period in which either party may submit their last transaction, which determines the state of the state channel's final status.
Token Generation Event
The STK Token will be available for purchase on the STK token sales site (www.stktoken.com) starting on 11 December 2017 at 17:00:00 Coordinated Universal Time (UTC). The cost per token STK is $ 0.20 USD. The STK Token sold represents 55% of all STK tokens. A maximum of 155,172 ETHs and a minimum of 3,600 ETH will be accepted for sale of STK tokens. Token STK is not available for US or Canadian residents purchases. To further develop and promote STK platforms, STK will do a token generation event that will offer sales of 275,000,000 STK tokens from a total offer of 500 million. The results from TGE will be used for marketing, solution development (both iOS and Android), STK integration with STACK and crypto operations to local currency exchange. The rest will be provided for liquidity pools, rewards programs and referrals.
Security
STACK uses industry-leading safeguards to protect money,
your data and privacy, so your account is secure and protected.
• EMV Chip and Pin cards
• Transition notification
• In-app card freeze, reset pin
STACK has built the monitoring process of KYC, AML and monitoring
fraud.
• The onboard process uses the waterfall methodology for
verify the user using Trulioo's GlobalGatewayTM
• AML Watchlist to comply with the Money Laundering Act
Worldwide and global (AML), Counter Terrorist Finance (KKP), and regulation of enforcement of sanctions.
Team
Miro Pavletic, CEO
Ethan Wilding, Head of Strategy
Chad Leger, CFO
Nicolas Dinh, COO
Yervant Kulbashian, CTO
Teddy Yip, Product
Casey Rovinelli, Digital Marketing
Jeffrey Fulgar, Head of Design
Angela Au, Strategic Partnerships
More info about STK Global Payment:
Website: https://stktoken.com/
Whitepaper: https://stktoken.com/whitepaper
Crowdsale: https://stktoken.com/tokensale
Telegram: https://t.me/stktoken
Twitter: https://twitter.com/stktoken
Medium: https://medium.com/@STKtoken
Discord: https://discordapp.com/invite/38EXN5D
MY profile: https://bitcointalk.org/index.php?action=profile;u=939758
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