Friday March 05, 2021
Bitcoin (BTC) $46,984.00   Ether (ETH) $1,468.57
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Token Offerings/Listings

Cardstack token generation event completes at $35 million USD

Published by CryptoNinjas.net
06/01/2018

Cardstack today announced the completion of the Cardstack Token Generation Event. The Cardstack community participated in three batches: Strategic Contributors (Batch A), Pre-Allocation (Batch B), and Crowd Fundraiser (Batch C), contributing a total of $35,000,000 USD to meet their fundraising goal.

In the recent Crowd Fundraiser, Cardstack collected $5.5 million USD from KYC/whitelisted participants at a maximum individual contribution limit of $10,000 USD, and $2.5 million from a strategic partner, who has worked alongside the Cardstack Foundation this year. This contribution was granted at the same terms and rate lock as all Crowd Fundraiser participants, with no additional bonus.

Cardstack will now move to distribute tokens to contributors from all batches. Once all the tokens are allocated to the whitelisted ERC20 addresses, the tokens will be unlocked in the smart contract for everyone at the same time. This is scheduled to happen no later than 30 days from now (possibly sooner).

The Cardstack team said:

“We deeply appreciate the community support throughout this journey, especially regarding the complex and stringent KYC/AML process all contributors had to pass to participate. A special thank you to our advisor Nicolai Oster and the Bitcoin Suisse AG team, who have worked tirelessly as the KYC/AML provider for the Cardstack Foundation, amidst an evolving Swiss regulatory framework. Our project is stronger because of your hard work.”

“We believe the conclusion of the TGE marks only the beginning of a deep collaboration between Cardstack and the people who love open source software, are excited about the potential of token-driven ecosystems, and believe in the urgency of decentralization. From a handful of supporters in January to over 18,000 today, you are the ones who make our project possible. We anticipate more developers, designers, and end users to join our community in the coming months, as we bring our vision to the mass market. Please welcome them to our movement.”

Cardstack is an open-source software foundation that is building the experience layer of the decentralized internet, earlier this year, they announced the creation of the Tally Protocol, a layer 2 protocol that will enable large and powerful apps to run on the Ethereum blockchain.

The Cardstack Token (CST) will be the fuel and catalyst for the Cardstack software ecosystem. Developers can monetize their Cardstack-based apps via the smart contracts powered by the Cardstack Token, an Ethereum-based ERC20 token designed to fairly reward Cardstack-powered communities.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Cardstack launches Githereum live on testnet
Vendor Technology

Cardstack launches Githereum live on testnet

10/17/2019
Cardstack to adopt ZeppelinOS framework for smart contract upgrade
Vendor Technology

Cardstack to adopt ZeppelinOS framework for smart contract upgrade

09/10/2018
Cardstack and DotBC utilizing blockchain to solve problems of music rights
Blockchain Technology

Cardstack and DotBC utilizing blockchain to solve problems of music rights

05/30/2018
Cardstack dApp aims to simplify access to Token Generation Events
Token Offerings/Listings

Cardstack dApp aims to simplify access to Token Generation Events

05/09/2018
Cardstack introduces Tally Protocol to scale capacity of Ethereum
Featured

Cardstack introduces Tally Protocol to scale capacity of Ethereum

01/25/2018
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
iGaming platform Royale to integrate API3 to verify on-chain crypto-to-fiat price exchange

iGaming platform Royale to integrate API3 to verify on-chain crypto-to-fiat price exchange

03/04/2021
Crypto exchange KuCoin opens beta test on new 3x leveraged BTC and ETH tokens

Crypto exchange KuCoin opens beta test on new 3x leveraged BTC and ETH tokens

03/04/2021
Decentralized cloud Akash Network integrates with Equinix Metal

Decentralized cloud Akash Network integrates with Equinix Metal

03/04/2021
Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

03/04/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version