Subscribe to Our Newsletter
Thursday May 26, 2022
Bitcoin (BTC) $29,238.00   Ether (ETH) $1,843.05
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Token Offerings/Listings

Cardstack token generation event completes at $35 million USD

Published by CryptoNinjas.net
06/01/2018
Cardstack token generation event completes at $35 million USD

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 integrates Chainlink price feed oracles into its creator payment platform Card Pay

05/06/2021
Cardstack integrates Chainlink price feed oracles into its creator payment platform Card Pay

Cardstack, a blockchain-powered open-source protocol, today announced it will be integrating Chainlink into Card Pay — a consumer-facing crypto payment and reward platform. Cardstack will use Chainlink Price Feeds to establish accurate and tamper-proof...

Read more

Cardstack introduces crypto payment and reward network for creators

03/11/2021
Cardstack introduces crypto payment and reward network for creators

Cardstack, an open-source SaaS for web 3.0, today announced they are introducing a sidechain for transactions for the launch of the Card Pay network. With Card Pay, creators can sell their products and services...

Read more

Cardstack launches Githereum live on testnet

10/17/2019
Cardstack launches Githereum live on testnet

Cardstack, an open-source framework and consensus protocol for scaling blockchain applications, announced today it has launched the first instance of Githereum on the Rinkeby test network. "Githereum is an implementation of Git on Ethereum....

Read more

Cardstack to adopt ZeppelinOS framework for smart contract upgrade

09/10/2018
Cardstack to adopt ZeppelinOS framework for smart contract upgrade

Cardstack, a framework for the development of decentralized applications today announced the deployment of its second major upgrade for the Cardstack Token (CARD) smart contract, and will be adopting the ZeppelinOS framework for upgradable...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
TRON network integrated with blockchain infrastructure provider Ankr

TRON network integrated with blockchain infrastructure provider Ankr

05/23/2022
Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint

Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint

05/25/2022
Polygon forms a multi-million dollar fund to assist Terra projects in migrating

Polygon forms a multi-million dollar fund to assist Terra projects in migrating

05/25/2022
Fairmint launches new tokenized equity platform for startups

Fairmint launches new tokenized equity platform for startups

05/25/2022
Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

05/24/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 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
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version