Disclaimer: I have personally invested into STK and Globalhalo has formed a strategic partnership with the team.
Welcome to Altcoin of the Week, the column where I review and release an alt coin that I feel has some good potential for future gains. In the cryptocurrency space, we now have over 1’300 listed coins on Coinmarketcap, with more coming every single day; naturally, that means plenty of opportunity and money in picking the right horse. Please keep in mind that these are all speculative picks and none of these calls are anything close to “sure money”. At least, that’s what my lawyer tells me. This week we’re going into the mainstream adoption area of apps and discussing a little known recently closed ICO known as STK, or Stack.
So, what is Stack?
Well, the above image is basically a TL;DR of the coin. STK is one of those dapps that feel completely natural to the Ethereum blockchain, and is exactly the kind of application that ETH was made for (that, and of course, collectible cats…). With STK, users will be able to purchase every day items from stores and other points of sale with cryptocurrency. It’s very reminiscent of projects such as TenX, with STK pushing more for the mobile app side of their offering as opposed to TenX which is more interested in their cards.
Debit cards definitely aren’t something to be missed here however. STK will have physical cards, mentioning that they will be a customer of MasterCard, while most other blockchain projects are partnering with VISA. It’s a small point of difference but it does add some exclusivity and allure to the project.
In addition, Stack has had a rather small crowdsale. They capped out at 17 million dollars, closing their sale in the presale round with plenty of unmet demand. One should expect a lot of people wanting to get in on the STK action day 1 of trading on exchanges, which is set to be sometime around February. I mentioned their competitors, but Stack definitely isn’t a “novel” project in any sense of the word, as there is definitely lots of competition. So let’s talk competitors then, shall we?
STK’s biggest competitor is TenX, with some other smaller projects including Monaco, Tokencard, and the relatively unknown Plutus (which is another great pick, if you’re ever interested). All of these have physical cards that can be ordered and used in similar fashion to STK. What sets STK apart, however, is that STK has a platform that is already built out and fully complete. Tokencard only works with ERC-20’s, Monaco cards are costly, and TenX has a massive backlog which means no cards any time soon. STK on the other hand, has formed a partnership with the Stack app, which means payments will be possible using NFC technology in addition to physical cards. Tap and pay!
And as far as most of these competitors are concerned? Plutus trading at 22 million, Monaco at 200 million, and TenX at a whopping 450 million. These competing offerings are proof that this model has plenty of potential, and investors and speculators are looking to aggressively invest into these kinds of technologies for mainstream use.
This was originally going to be an ICO review – unfortunately for most, however, STK ended up selling out their entire token set during presale. What does this mean for you, dear reader? It means lots of FOMO and money that was too slow to get into the presale will be poring at the gates of their nearest altcoin exchange looking to get those sweet sweet STK tokens. An enterprising audience, such as the Globalhalo readership will easily recognize this opportunity and look to place some bets on this one. Personally, I’ve invested into the STK presale and am sitting comfy on my tokens. That being said, I won’t be selling these until we’re at least at 150 million market cap, so you can do the math on that and figure out around what price point you’d like to buy these tokens, if at all.
But hey, like my lawyer always says, this isn’t personal financial advice or anything.