StackOs (STACK) is an open protocol that allows individuals to collectively offer a decentralized cloud where you can deploy any full-stack application, decentralized app, blockchain privatenets and mainnet nodes. What is StackOs (STACK) | What is StackOs token | What is STACK token
In this article, we'll discuss information about the StackOs project and STACK token
StackOS is a cross-chain open protocol that allows individuals and organizations to share their computing resources, and collectively offer a decentralized cloud; where developers around the world can deploy any full-stack application, decentralized app, blockchain privatenets, and mainnet nodes.
Our aim is to provide the world with “The Unstoppable Infrastructure Protocol”, which will allow any person across the world to deploy their application without incurring heavy cloud management costs and freely run any application they wish to run. StackOS furthermore intends to help brick and mortar businesses around the globe, to go online in a cost-effective and secure way with minimal technical overhead.
StackOS has already gained heavy early traction from the market and is soon preparing to launch their native STACK token on the mainnet for the general public to use and governance.
StackOS comes with a multitude of functionalities that can help you or your business in anonymous and quick blockchain development.
Deploy any application on the decentralized cloud. Resources on the cloud can be reserved by staking.
Individuals and enterprises can earn by contributing compute resources to the StackOS' decentralized cloud.
Private Ethereum testnet
Users can run their own private testnet to test their DApps privately. We support multiple blockchain protocols!
In-built CI/CD platform
Community members deploy the StackOS' platform to run their CI/CD pipelines in their private infrastructure.
Earn by providing utility
Deployed applications and open-source contributions will be incentivized via StackOS' tokenomics.
Access services by staking the tokens towards the applications deployed on the StackOS protocol.
We support docker images
This makes StackOS the most flexible and easily adoptable blockchain technology on the market.
Developers are incentivized to create docker images of applications which enhance the STACK token's utility.
Powered by a DAO
The DAO manages and incentivizes development of the protocol and supporting applications.
StackOS is an open protocol that allows individuals to collectively offer a decentralized cloud in return for Stack tokens. Developers can deploy any full-stack application, decentralized app, blockchain privatenets, and mainnet nodes. Summarized, StackOS is the decentralized version of Amazon AWS with all the benefits decentralization offers.
Cloud of the people, for the people, by the people. — Decentralized Cloud
When StackOS is compared to Amazon AWS and Google Cloud, there is a list of reasons why one should choose for the decentralized cloud protocol of StackOS:
The use of STACK tokens within the StackOS’ Decentralized Cloud, the marketplace ecosystem, Liquidity Pool, and Decentralized governance form the core components of STACKOS’ token utility model. Underneath we will go in-depth into the various utilities of the $STACK token which are all planned to be implemented, the team might add/change utilities if they see a better fit. Interested to learn more about the $STACK tokenomics? Click Here!
STACK Tokens are designed to have a fixed max supply and will be burned to reduce its max supply as the network operates, hence the STACK tokens are designed to be deflationary. A portion of locked STACK tokens will be mined by Node Operators at a reducing rate and the rest will be farmed by the Community for providing liquidity. There will also be a heavy amount of staking of the STACK tokens for the network to operate trustlessly.
There are 2 integral nodes of StackOS decentralized cloud:
1. Infrastructure Nodes
2. Beacon Nodes
Infrastructure Node: The Infrastructure Node is the smallest unit of the StackOS’ Infrastructure Mesh; each of them is an independently operated network, however, are always aware of each other. The Node operators provide the infrastructure on which applications get deployed. Running these nodes requires a certain number of STACK tokens staked. These staked STACK tokens ensure that the node operators are committed to keeping the node up. Additional tokens can be staked to increase their reputation, thus attracting more applications to deploy.
*Beacon Node: *Beacon Node is the smallest unit of the Decentralized Proxy Service Chain. Their role is to proxy user traffic to the correct Infrastructure network within the Infrastructure Mesh running that is running the correct application. These are smaller nodes and usually will require fewer staked STACK tokens when compared with Infrastructure Node to run. They will need additional tokens staked to allow for increasing traffic to be sent to the Infrastructure Mesh. These are used as collateral in case of an attempted DDoS attack on the Infrastructure Node.
USDT-STACK: The STACK tokens will be locked in the liquidity pool to allow the infrastructure protocol to convert STACK tokens to USDT that are needed for payment for cloud usage.
Alternative Pools: There will be an active pool for all alternative currencies used by the developer to convert into STACK tokens that get locked in for payments.
Payments for Decentralized Infrastructure Usage: For using the Decentralized Cloud, developers will have to lock their STACK tokens on the Smart Contract. These STACK tokens are then converted to USDT when they are being sent to the Infrastructure Node and Beacon Node provides for payments.
Marketplace License Fee: Some marketplace applications will allow users to deploy apps in a single click, some applications here could be licensed. Payments for these will be made in STACK tokens.
Applications in the Marketplace will be ranked using the combination of community rating and STACK tokens staked for the Marketplace item.
StackOS platform will be governed by the community, and the STACK tokens will be at the center of its governance. Community members will be able to stake their STACK tokens in order to be eligible to vote. They will be able to vote on different variables and functions in the StackOS ecosystem. Community members that help in governing the StackOS ecosystem will be incentivized with Different cryptocurrencies and STACK tokens.
Defaulting Node Operators: When a node operator defaults, the portion of staked STACK tokens that are slashed are divided into different pools.
2. Rewarded to reliable node operators
Transaction Fees: A small portion of STACK tokens that are used to make payments for the decentralized cloud resources are burned thus heavily reducing the max circulating and fixed supply.
The STACK token is planned to be intertwined in the StackOS ecosystem. They are used within the StackOS’ Decentralized Cloud, the Marketplace Ecosystem, Liquidity Pool, and Decentralized Governance which form the core components of STACKOS’ tokenomic model
The Token Allocation percentages are based on the total amount of tokens of 1,000,000,000. The allocations have been decided on to make sure they support our aggressive aim to onboard many developers from the blockchain and traditional space in a year's time.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since STACK is an altcoin we need to transfer our coins to an exchange that STACK can be traded. Below is a list of exchanges that offers to trade STACK in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase STACK from the exchange: https://bscpad.com
Top exchanges for token-coin trading. Follow instructions and make unlimited money
Find more information STACK
🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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