How Did Startick’s Payment Solution On Blockchain Fail So Fast
The need to revolutionize our payment systems is catching up with the development of technology. More innovations are on course to make our transactions more convenient and hassle-free. Our peer-to-peer transactions are now on the road to become independent from financial institutions, thanks to blockchain technology.
One such blockchain venture is Startick coin. An idea by Startick technology is to create a peer-level transaction platform that is decentralized and self-regulated. The digital payment system by Startick will give members a faster, cheaper and convenient mode for financial transactions.
Such a payment system will change the financial world on how we send money from one person to another. The platform plans to use their Startick token (SRI) as the mod of currency on their network. With this, users can send and receive SRI token at a low cost at any time. That will be an essential feature, especially for business as customers will shop at a much more global scale.
The platform ICO is run by the parent company Startick Technology. The start date for the Pre-ICO was on 2nd of January, and the process came to a halt at the end of the same month. As it stands, the ICO is still underway and is set to end on February 11.
The SRI Token supply amounts to 12 million although the maximum supply amount adds to 35 million SRI.
Each stage will award investors with a 5% bonus percentage on each token purchase. Users can buy the token with BTC through several global exchanges before depositing the SRI token on the Startick platform.
Startick Blockchain Payment Solution Features
A noticeable feature of Startick coin is the loan program. The Startick coin lending scheme allows the user to invest in the platform by lending funds and in return receive benefits. Startick team will manage the money, and each member will enjoy an additional bonus amount on the lion. The bonus comes in variation and depends on the amount of initial contribution on your part.
The more prominent feature is the payment solution. This is probably the foothold for the Startick Coin. Any member of the Startickers community can make in-store payments with the SRI coin. The payment solution will facilitate low-cost shipping through the use of Startick coin across the globe. The platform plans to partner with several stores worldwide to promote such payments.
The Startick coin is an underlying project. The crypto world is yet to give much attention to this platform. A good reason would be the innovators behind the Startick coin. Not much is known about the faces behind SRI, and this would raise the alarm among investors rather than prospects. Furthermore, the crypto community has little data on how the Startick platform is set to operate and benefit its users.
Additionally, the services on offer are similar to what most of the blockchain venture is offering to crypto users. Furthermore, the options are not so unique from what is already there. That means Startick has a lot of competitors providing similar products at a much better rate. The outstanding feature would be the lending program. However, this might be a way to fund the project. In the end, Startick has a lot to achieve and judging by their slow start it is hard to see a rising projection.