I have recently done quite some detailed articles on Introduction to Cardstack and Cardstack Analysis and Review, you can check them out. In this article, I will continue with the analysis of cardstack Project, but this time I will be weighing its SWOT (Strength and Weaknesses, Opportunities and Threats).
Cardstack Strengths and Opportunities
From my research and thorough understanding of Cardstack’s white paper, I have been able to pin point some of their strengths and opportunities, I believe understanding the strengths and opportunities that a blockchain project has go a long way in contributing to the success of that project’s ICO and building confidence among their investors that they will deliver thereby yielding lots of profits to the investors. Let’s take a glance into the core strengths and Opportunities I personally discovered about Cardstack;
P/S: The lists of SWOT analysis of Cardstack are not being exhausted with the following lists am about to share, these ones contained in this article are based on my limited findings about Cardstack, please do your research, find more and share with me in the comment box, thanks.
Visionary Leader: From the review I made few days ago here about Cardstack team members and their founding head by name Christopher Tse, Tse with his various achievements has made his stand out to me as visionary personality with promising technological visions which I believe and count as one of Cardstack’s core strength.
Talented Developers: Also in my list of Cardstack strengths, I would still consider their developers which from their resume and their technology related experiences, I find them as being talented and equal to the task that Cardstack project development requires.
Evenly Distributed Incentives for contributors: I also find this as one of the core strengths, the rewarding system will make its contributors more zealous in contributing to the sustainability and management of already developed services and softwares in Cardstack ecosystem.
Entry channel payment system for users: Cardstack has made the usage of its platform simple for users who are new into crypto space by enabling a feature where users can purchase their utility tokens (CARD) with fiat in their platform, with this feature users have no need to worry about exchanges, once they purchase the CARD tokens, they are being stored on a native wallet which can accessed using the Cardstack Hub.
Its Open Source methodology: Also, most projects that are open sourced have shown to be in great advantage due to the numerous contributions it will be getting from its community thereby enhancing its scalability and sustainability.
Enabling mutual Customers of various dApps to mix and match features in one platform: this also is a great strength of Cardstack because it will help in saving users the stress of having different utility tokens or cloud subscriptions inorder to access the features of different dApps or services running on various ecosystems and match or compare them before choosing the one(s) to finally leverage.
Cardstack Weakness and Threat
Having weighed some of the Cardstack's strengths and opportunities, I still noticed a major area that I personally think that they have to improve on in other to better their platform and deliver in most of their deliverables.
Cardstack indeed proposes a simplified way of incorporating several software services into their Hub, stating that having single silos is a disadvantage in this era of technological advancement powered mostly by blockchain technology, but here they are still making the usage of these great innovation and services to be a function of having their utility tokens (CARD token), forgetting that most of the services which I believe will be incorporated into their platform has freemium and premium subscriptions, personally I see this as a huge weakness and threat to their ecosystem because most people would still consider to go for the freemium usage via the standalone apps as its free instead of using their fiat to indirectly pay for this services by purchasing their utility tokens in order to access services in Cardstack hub where by it can be gotten free by making use of the stand alone apps.
My advice and suggestion to this is for Cardstack to still have some services to be accessed free and not making the whole services that their platform offers to be a function of having their utility token (CARD token).
Conclusion
Having weighed in on some of these SWOT, I personally discovered that the strengths and opportunities that Cardstack has out weighs their weakness and threats, thereby making me to give them a pass and I am definitely going to be an investor. The sale of their token is ongoing and they are about to reach their hard cap, so I urge crypto investors to hurry and participate before it ends, you can visit any of the links below to know more about Cardstack project and ICO...
Official Contacts
Website: https://cardstack.com
Bitcointalk [ANN]: https://bitcointalk.org/index.php?topic=2768237.0
Whitepaper: https://cardstack.com/whitepaper-pdf
Telegram: https://t.me/cardstack
Reddit: https://www.reddit.com/r/Cardstack/
Twitter: https://twitter.com/cardstack
Medium: https://medium.com/cardstack
YouTube: https://www.youtube.com/cardstackproject
Github: https://github.com/cardstack/cardstack
Token Sale Details
Ticker: CARD
Token type: ERC20
Fundraising Goal: 35,000,000 USD
Total Tokens: 6,000,000,000
Available for Token Sale: 40%
Accepts: ETH, BTC, USD
Disclaimer:
Please do not consider this as a buy or hold advice, just sharing my personal opinion about Cardstack project, participation in ICOs can be risky and you can loose your money, please always endeavor to do due diligence and consult your legal advisor before participating in any ICO.
Thank you.