Token generation platform CoinList to host Blockstack ICO

CoinList, which emerged last month as an independent company from the AngelList and Protocol Labs’ collaboration which ran the Filecoin token sale has announced the token sale for Blockstack, a new internet for decentralized apps where users control their data and apps run on their devices.

Blockstack started in 2013, went through Y Combinator in Summer 2014, and has raised $5M+ USD in venture capital with Union Square Ventures leading the Seed and Series A rounds and participation from Naval Ravikant, Lux Capital, SV Angel, and others. The Blockstack token system is designed to distribute tokens to users, developers and everyone who wants to be a part of the ecosystem. Registration opened on November 1st and next on Monday, November 13th the token sale process will go live for participants to make their payments.

CoinList, based on their experience with the Filecoin ICO, the biggest in blockchain history, and thanks to lots of help from both companies, it is now aiming to build a leading platform for token-based financial services. CoinList is built for token creators, its infrastructure has been used to handle over $850 million in investments, between those made on AngelList and those on CoinList.

Coinlist’s ICO compliance ComplyAPI product stack includes:



Stacks: Blockstack Token

The Blockstack token, called stacks, will provide an access control mechanism for performing various operations on the Blockstack network. Protocol operations on the Blockstack network will “consume” tokens; network users will need to purchase tokens 5 to perform network operations. The tokens introduce a cost factor for performing operations, discouraging malicious users or spammers from performing too many operations on the network. The tokens are a scarce network resource and they’re used to protect other scarce network resources like domain names.

Blockstack Infrastructure

For more information on the Blockstack token check out the latest company overview and token white paper.

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