Difference between revisions of "Blockstack"

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The [[U.S. Securities and Exchange Commission]] (SEC) approved Blockstack's offering of $28 million worth of "Stacktokens" (STX) to the public in conformance with the SEC's Regulation A+ which provides an alternative approach to traditional [http://www.marketswiki.com/wiki/IPO initial public offering]]s (IPO). Unlike most IPOs, Stacktokens do not provide an equity stake in the issuer, Blockstack.<ref>{{cite web|url=https://www.coindesk.com/blockstack-plans-one-of-the-first-reg-a-sec-approved-token-offerings|name=Blockstack Is Planning One of the First Reg A+ Compliant Token Offerings In the US|org=CoinDesk|date=July 10, 2019}}</ref> At the time of the SEC's Stacktoken approval, more than 165 applications had already been built on Blockstack.<ref>{{cite web|url=https://stackstoken.com/static/token-sale-deck.pdf|name=Sale Deck|org=Blockstack|date=July 11, 2019}}</ref>   
 
The [[U.S. Securities and Exchange Commission]] (SEC) approved Blockstack's offering of $28 million worth of "Stacktokens" (STX) to the public in conformance with the SEC's Regulation A+ which provides an alternative approach to traditional [http://www.marketswiki.com/wiki/IPO initial public offering]]s (IPO). Unlike most IPOs, Stacktokens do not provide an equity stake in the issuer, Blockstack.<ref>{{cite web|url=https://www.coindesk.com/blockstack-plans-one-of-the-first-reg-a-sec-approved-token-offerings|name=Blockstack Is Planning One of the First Reg A+ Compliant Token Offerings In the US|org=CoinDesk|date=July 10, 2019}}</ref> At the time of the SEC's Stacktoken approval, more than 165 applications had already been built on Blockstack.<ref>{{cite web|url=https://stackstoken.com/static/token-sale-deck.pdf|name=Sale Deck|org=Blockstack|date=July 11, 2019}}</ref>   
  
Stacktokens, offered through their own website, are utility tokens, to be used by developers and their customers.<ref>{{cite web|url=https://www.wsj.com/articles/sec-clears-blockstack-to-hold-first-regulated-token-offering-11562794848?mod=searchresults&page=1&pos=1|name=SEC Clears Blockstack to Hold First Regulated Token Offering|org=Wall Street Journal|date=July 10, 2019}}</ref> According to Blockstack, Stacktokens provide the "fuel" for registering transactions on the Blockstack blockchain. Blockstack says that its blockchain will contain very little developer logic, avoids smart-contract design and encourages decentralization of data storage.<ref>{{cite web|url=https://stackstoken.com/static/token-sale-deck.pdf|name=Sale Deck|org=Blockstack|date=July 11, 2019}}</ref>
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Stacktokens, offered through their own website, are utility tokens, to be used by developers and their customers.<ref>{{cite web|url=https://www.wsj.com/articles/sec-clears-blockstack-to-hold-first-regulated-token-offering-11562794848?mod=searchresults&page=1&pos=1|name=SEC Clears Blockstack to Hold First Regulated Token Offering|org=Wall Street Journal|date=July 10, 2019}}</ref> According to Blockstack, Stacktokens provide the "fuel" for registering transactions on the Blockstack blockchain. Blockstack says that its blockchain will contain very little developer logic, avoids smart-contract design and encourages decentralization of data storage.<ref>{{cite web|url=https://stackstoken.com/static/token-sale-deck.pdf|name=Sale Deck|org=Blockstack|date=July 11, 2019}}</ref>  
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==Key People==
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*Muneeb Ali, Founder
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*Ryan Shea, Founder
  
 
==References==
 
==References==

Revision as of 10:05, 11 July 2019

Blockstack
Blockstack logo.png
Founded 2013
Headquarters New York, New York
Key People Muneeb Ali and Ryan Shea, Founders
Products Decentralized computer network that hosts independent applications
Twitter @blockstack
LinkedIn Profile
Facebook blockstack
Website Blockstack Homepage

The U.S. Securities and Exchange Commission (SEC) approved Blockstack's offering of $28 million worth of "Stacktokens" (STX) to the public in conformance with the SEC's Regulation A+ which provides an alternative approach to traditional initial public offering]s (IPO). Unlike most IPOs, Stacktokens do not provide an equity stake in the issuer, Blockstack.[1] At the time of the SEC's Stacktoken approval, more than 165 applications had already been built on Blockstack.[2]

Stacktokens, offered through their own website, are utility tokens, to be used by developers and their customers.[3] According to Blockstack, Stacktokens provide the "fuel" for registering transactions on the Blockstack blockchain. Blockstack says that its blockchain will contain very little developer logic, avoids smart-contract design and encourages decentralization of data storage.[4]

Key People

  • Muneeb Ali, Founder
  • Ryan Shea, Founder

References