Cardstack ICO Analysis and Review

In this post I will be shedding more light about Cardstack blockchain project. You can find my introductory article on this project here
Now I believe you have read the post introducing Cardstack and have known what the project is all about, here i will be giving further analysis about the project and why am very optimistic that the project will be a success, this analysis will be based on their team members, their project road map, the availability of a prototype, etc. All these are yard sticks that i personally use in analyzing any blockchain project with the view of finding out if the project is a geniune one with lots of prospects for investors and the masses at large, read on and enjoy the ride...

You will agree with me that the success of any project especially when it has to do with IT and blockchain tech is mostly dependent on the team members. The team has a major role to play in the success of any project, first the team has to be good in their various endeavors, secondly they all should have a practical working experience in their various fields and this is the reason I always research about the individual team members of any blockchain project before considering to invest in their ICO.

Cardstack team

From my research, Cardstack indeed has prominent and experienced team members who their skill set and practical knowledge about blockchain tech and IT are so outstanding. The team head by name Christopher Tse is the founder and the Head of Cardstack project, he holds a BSc in Computer Science from Columbia University and he is the Co-Founder of Monegraph and Dot Blockchain Media. Tse was previously the head of R&D in McGraw-Hill E-Labs, he has also worked as a Senior Director of Innovation at Businessweek, without any doubt Tse is a pro in things about blockchain and Information technology as a whole and can head the team in making cardstack project a success.
Also in line of the team members, they have Ed Faulkner, who is the Lead developer at Cardstack. Faulkner holds a MSc Certificate in Computer Science from MIT. He is the creator of Liquid Fire and has founded three of his own tech ventures and all of them are still operating successfully. With his skill set in tech development, Cardstack's full development is bound to be completed in due time.

Also they have got Hassan Abdel-Rahman who is the Lead Blockchain Developer. Hassan holds a BSc in Computer Science and Mathematics from Colorado School of Mines. He has for over two years worked as a Senior Software Designer at Monegraph and also he was the Principal Engineer at McGraw-Hill Education and Sun Microsystems.

Below is the list of Cardstack experienced contributors including the personalities mentioned above in a glance >>

What is Cardstack?

First I would want to curl the definition from their white paper in which I will further break down the technical terms in my own understanding of the awesome project in order to help noobs or those that are new to blockchain to understand it better, read on and enjoy the ride…
“Cardstack is an open-source framework and consensus protocol that makes blockchains usable and scalable for the mass market, creating a decentralized software ecosystem that can challenge today’s digital superpowers.”
Definition from website
url:https://cardstack.com/overview
In a nutshell, cardstack is proposing a software hub which will serve as a connectivity to other softwares, both cloud based and blockchain dApps. This ecosystem will allow both the developers and the users of these softwares to be able to customize the workflows of these various apps in a stack like format. Cardstack is proposing a decentralized ecosystem where disparate apps can be accessed in one stack using any workflow design suitable for the user. And not just that, also with cardstack users can be able to compare and match several features of different apps or decentralized apps without having to worry about the utility tokens that are needed on a normal to access the features of these different apps. Wow isn’t that awesome…to me this is a great revolution in the era of blockchain tech.

“Cardstack’s approach to decentralizaton lets self-sovereign users’ act as their own hub, so that interactions with applications and services running on networks of different topologies flow through a software stack controlled by the users.” (Quote from their whitepaper)

Road Map

Since the conception of the idea four years ago, Cardstack project has been following a well mapped out road Map in a successful manner, just as it is stated in their road Map (represented in the diagram below), the project has been released recently as Open Source which is a huge progress in the development cycle of any IT project, this and lots of other milestones being achieved shows in no single doubt that Cardstack is determined to succeed.

Where and how will cardstack be getting the incentives for the makers/creators of the apps?

Now having discussed the values that cardstack proposes, one question that should be in your mind right now is “how will cardstack be getting the money to be rewarding the makers of the softwares as I described in the first cardstack value?”, well if you had this question in mind, this now leads to the introduction of cardstack utility token called CARD, this is an ethereum-based ERC20 token. (Am assuming you know what I mean by this, if not please consult google and educate yourself more, thanks.)
Now every user of this awesome platform is expected to have purchased this utility tokens (CARD) in order to access all the features and services that cardstack ecosystem offers. These CARD tokens will be converted into SSC (Software and Services Coupons, see these coupons as cardstack internal currency which its smart contracts recognizes), this coupons will be sent to a particular apps’ contract in order to establish the retainer agreement. Then the Converted CARD tokens are locked in a reward pool until the next reward allocation cycle, which will be triggered by a block-based timer. (Curled from their white paper)

url: https://cardstack.com/assets/media/cardstack-white-paper-v1.0.4.pdf

Does Cardstack have a working prototype?

One of the major questions I and other crypto investors always ask is "is there any working prototype of the project?", this question is very necessary in determining any serious and genuine blockchain project, regarding this Cardstack has already implemented its initial token mechanism written in Solidity and is currently on ethereum testNet, and also Cardstack has open sourced about 20 and more of their smart contracts on Github and are currently receiving feedbacks from their community...in deed this transparency has shown the degree of their seriousness and determination in making their goals and vision a success.
Having exhausted some of these notable factors in determining a good project, I believe you have seen the awesomeness of this great innovation and aligned with me in my optimism about its success, so i would still encourage crypto investors to consider investing in this great technology. In my next post, I will be reviewing the SWOT (Strength, Weakness, Opportunities and Threats of Cardstack project and their token allocation), thanks for reading, you can know more about Cardstack by visiting any of these URLs below...
Official Contacts:
Official website: https://cardstack.com

Bitcointalk [ANN]: https://bitcointalk.org/index.php?topic=2768237.0

Whitepaper: https://cardstack.com/whitepaper-pdf

Telegram: https://t.me/cardstack

Reddit: https://www.reddit.com/r/Cardstack/

Twitter: https://twitter.com/cardstack

Medium: https://medium.com/cardstack

YouTube: https://www.youtube.com/cardstackproject

Github: https://github.com/cardstack/cardstack

My Username bitcointalk: huyng3008
My Url bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1543271
My eth address: 0x09F71Fbb0aed9B84559eCFc60f50EaEc77c6CdC8