What is Cardstack (CARD)?
CARD is the native token of Cardstack, which is a revolutionary protocol that allows anyone to pay and get paid, create content, and build apps in a decentralized way. From a technical point of view, it is an open-source framework that provides a full-stack environment. It covers all – API layers, database, caching, and front-end browser experience. In essence, it allows the building of various dApps.
Cardstack proposes a fair distribution of rewards between the creators of software and the community supporting them as a new model for funding software. How does it work? The buyer creates a business deal with the software developer via smart contracts. He then covers the direct costs of running the app, as well as pays royalties for the developer of the software.
Use Cases of CARD Tokens
The CARD token is an Ethereum-based token that drives the Cardstack crypto project. See the current CARD price on the Cardstack price chart above.
This token is designed for usage in a Cardstack marketplace, in which open-source developers can sell their work while users can curate software services accordingly to their needs.
CARD tokens are also used to cover smart contract distribution fees. Besides, they can be staked in a reward pool to earn more Cardstack tokens.
Who Founded Cardstack?
Cardstack was founded by Chris Tse. Chirs is the head of product of the company. Besides, he is also a co-founder of many other initiatives, including Varifi Media and Monegraph. Previously, he worked as the head of R&D in McGraw-Hill E-Labs, and as director of innovation in Businessweek. In his works, he focuses on giving power back to creators, educators, and professionals. He describes himself as a technologist by trade, a designer in practice, and an entrepreneur at heart.
If you are thinking about purchasing Cardstack tokens, make sure to analyze the CARD price on the aforementioned price chart. Knowing the current and the previous Cardstack price will help you to make better purchasing decisions.
