STK Delays Public Sale To Coincide with Public Beta Testing

STK is delaying its Token Generation Event to coincide with STACK’s public beta launch in January, 2018. The public token sale will run from January 31 to February 14, 2018.

Gibraltar - December 7, 2017 /MarketersMedia/ —

December 7, 2017, Gibraltar – STK is delaying its Token Generation Event to coincide with STACK’s public beta launch in January, 2018. The public token sale will run from January 31 to February 14, 2018. The STK pre-sale is currently running and will end as scheduled on December 10, 2017 at 16:59 UTC.

STK is the first mass market instant cryptocurrency payment solution, providing access to more than 33 million merchants around the world.

“There is a growing demand for improved liquidity of cryptocurrency,” said Miro Pavletic, Director of STK. “Having a beta product in the market during our token sale will provide the first public proof-of-concept in the cryptocurrency payments space and solidify our position as the premiere mass market solution for instant crypto payments at point of sale.”

STK is also reducing its hard cap to $17MM USD, projecting early traction to support funding for future deliverables.

“Based on the response from our community and investment network, we’re anticipating fast growth in our initial markets,” said Pavletic. “This will allow us to replace a higher hard cap with early revenue, fuelling international expansion and supporting a larger user base.”

The STK token supply will remain the same at 500,000,000, of which 55% will be available for sale for a total public supply of 275,000,000. The token price has been updated to $0.10 USD. Token distribution will be based on the conversion rates from Ether to USD 24 hours before the close of the public sale or when the sale hard cap is reached, whichever comes first.

For full sale information, visit www.stktoken.com.

About STK Global Payments
STK Global Payments is the cryptocurrency technology solution which enables real-time cryptocurrency payments at points of sale, and the issuer of the STK token. The STK token was designed to provide a method that can allow cryptocurrency to be used instantly at retail for seamless integration into everyday transactions and financial services. The STK token will be implemented on the public Ethereum blockchain as an ERC20 token. The STK token is part of a global solution to facilitate borderless transactions through a smart contract which facilitates a real-time exchange of cryptocurrency into fiat at the POS.
For more information on the STK token, visit www.stktoken.com.

Contact Info:
Name: Amanda Ashford
Email: amanda@getstack.ca
Organization: STK Global Payments

Source URL: https://marketersmedia.com/stk-delays-public-sale-to-coincide-with-public-beta-testing/274926

For more information, please visit https://stktoken.com

Source: MarketersMedia

Release ID: 274926

Latest News

US challenges China, EU and others at WTO over steel tariffs

Jul 16, 2018

WASHINGTON — The Trump administration on Monday brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum. The United States has imposed tariffs of 25 percent on steel and 10 percent on aluminum on the grounds that the imported metals pose a threat to U.S. national security. China, the EU, Canada, Mexico and Turkey have counterpunched with taxes on more than $24 billion worth of U.S. exports. U.S. Trade Rep. Robert Lighthizer said their retaliation violates the rules of the Geneva-based WTO, which mediates...

Markets Right Now: Stocks end mostly lower on Wall Street

Jul 16, 2018

NEW YORK — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street as a steep drop in oil prices delivered a blow to energy companies. Hess slumped 4 percent Monday. Health care and technology companies also fell. Adobe Systems gave up 1.5 percent. Tribune Media plunged 16.7 percent after the Federal Communications Commission said it had concerns about its deal to be acquired by Sinclair. Major banks rose sharply, led by a 4.3 percent surge in Bank of America after it reported strong results. The S&P 500 index fell...

Heading for clouds: Aviation sector faces trade turbulence

Jul 16, 2018

LONDON — Aviation is soaring: Passenger traffic is up, fuel prices are under control and rising demand from Asia is driving aircraft orders. So what could possibly go wrong? One big thing: A trade war. Aircraft makers at this week's Farnborough International Airshow, a biannual extravaganza where billions of dollars of planes and parts are bought, say thousands of jobs are at risk in this most international of industries as U.S. President Donald Trump threatens to raise tariffs on a variety of goods and other countries prepare to retaliate. While Trump has said trade wars are "good and easy to...

Bank of America 2Q profits boosted by tax law, higher rates

Jul 16, 2018

NEW YORK — Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow. The Charlotte, North Carolina-based bank said it earned $6.78 billion, up from $4.75 billion in the same period a year earlier. On a per-share basis, BofA earned 63 cents a share, beating average projections of earnings of 57 cents per share from industry analysts, according to...

US retail sales rise at a healthy 0.5 percent pace in June

Jul 16, 2018

WASHINGTON — U.S. retail sales rose at a solid pace last month despite higher prices and modest wage gains, a sign of underlying consumer optimism. The Commerce Department said Monday that sales at retailers and restaurants increased 0.5 percent in June, following a big 1.3 percent gain the previous month. May's figure was revised sharply higher from an initial estimate of 0.8 percent. Americans are confident about the economic outlook, with the unemployment rate near an 18 year-low and the economy accelerating after a sluggish start to the year. Retail sales rose 6.6 percent from a year earlier, the fastest...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!