Blockstack  Blockstack (Decentralized internet ecosystem)

The native Stacks token implemented by the Stacks blockchain enables several foundational operations on the Blockstack network:

  1. Fuel to register digital assets. The Stacks token is used to register different kinds of digital assets like usernames, domain names, software licenses, podcasts, and several others.
  2. Fuel to register/execute smart contracts. Executing smart contracts requires fuel to fund the cost of verifying the correctness of the smart contract and executing them. Stacks tokens are also used to cover the cost of storing the smart contract in the Stacks blockchain.
  3. Transaction fees. Stacks tokens are used to pay transaction fees for including a transaction in the Stacks blockchain.
  4. Anchored app chains. For apps that become massively popular on Blockstack, our blockchain has a scalability on-ramp where an app can initialize its blockchain on top of the Stacks blockchain. Such an “app chain” burns Stacks for their mining and progress.

The above list is not exhaustive — as the Blockstack network matures, we expect network participants will discover and invent other uses for the Stacks tokens. We’re currently actively researching an “App Staking” mechanism where token holders can potentially participate in our developer incentive program called “App Mining”

STX token information:

  • Ticker: STX
  • Token type: Utility token
  • Blockchain: Stacks Blockchain
  • Explorer:explorer.blockstack.org
  • Total supply: 937,161,213
  • Supply offered: 180,333,333
  • Source code link:github.com

Blockstack STO information:

  • STO stage: Main Sale
  • STO start date: 11 Jul 2019
  • STO end date: 09 Sep 2019
  • Soft cap: 0 USD
  • Hard cap: 40,000,000 USD
  • Token price: 0.3 USD
  • Discount options: We are offering 78,333,333 Stacks Tokens at a discounted purchase price of $0.12 to current holders of certain nonbinding vouchers to purchase Stacks Tokens, up to a maximum of $3,000 in Stacks Tokens to each voucher-holder.
  • Min. investment: 100 USD

STX token investment features:

  • Regular payouts:

    Holders of the tokens will not receive an interest in the profits or losses of any Blockstack affiliate, any rights to distributions from any Blockstack affiliate.

  • Voting rights:

    Holders of Stacks Tokens may not vote on any matters relating to Blockstack, including voting for board members.

  • Equity rights:

    Holders of the tokens will not receive any legal or contractual right to exercise control over the operations or continued development of any Blockstack affiliate.

  • Debt right:

    Holders of the tokens will not receive a right to any repayment of principal or interest.

Legal information and regulations:

  • Offering registrations and exemptions:
    • Securities and Exchange Commission: Regulation S
    • Securities and Exchange Commission: Regulation A+ (Rule 251(d)(3))

    Restrictions for investors under Reg A+
    The investor must be:

    • A United States citizen or resident or a corporation, partnership, limited liability company, trust, or equivalent legal entity organized under the laws of any state of the United States.
    • An “accredited investor,” within the meaning of Rule 501(a) under the Securities Act, or the Subscriber must be a “qualified purchaser,” within the meaning of Regulation A under the Securities Act

    Restrictions for investors under Reg S
    The investor must be:

    • Not A United States citizen or resident or a corporation, partnership, limited liability company, trust, or equivalent legal entity organized under the laws of any state of the United States.
    • An “accredited investor,” within the meaning of Rule 501(a) under the Securities Act, or the Subscriber must be a “qualified purchaser,” within the meaning of Regulation A under the Securities Act

     

  • Other restrictions applicable to the offering:
    Residents of Texas, Arizona, Nebraska, and North Dakota are not eligible to participate. Residents of Canada and Japan are not eligible to participate. Residents from countries and persons on the U.S. Office of Foreign Asset Control’s sanctions lists are not eligible to participate.

Incorporated entity information:

  • Country of registration: United States
  • Country of residence: United States
  • Name: Blockstack PBC
  • Registration number: 463116269
  • Certificate of Incorporation:
  • Legal address:
    101 West 23rd Street Ste 224 New York, New York 10011
  • Mailing address:
    37 Great Jones Street, floor 2, New York, New York, 10012

Team information:

Muneeb Ali
Muneeb Ali
CEO
Patrick Stanley
Patrick Stanley
Head of Growth
Albert Wenger
Albert Wenger
Managing Partner, Union Square Ventures (USV)
JP Singh
JP Singh
Professor, Princeton
Michael Freedman
Michael Freedman
Advisor, Technical
Dave Morin
Dave Morin
Advisor, Product
Gina Abrams
Gina Abrams
Growth Partner