Dear Rock Token holders – this is an important and exciting message concerning GBX’s utility token.
Last Friday in my CEO Fortnightly statement I updated you on the STACS Protocol.
Our new technology subsidiary, Hashstacs Inc, has developed the STACS protocol which will help create a global leading digital asset platform for the capital markets of the future. A venue where regulated incumbents such as investment banks, exchanges such as GSX and broker-dealers will capitalise on the tremendous potential of tokenised securities including STOs by providing issuers with access to a global liquidity pool within a regulated environment. The proprietary technology, highlighted in recent communications, will encompass the development of the STACS protocol, the integration of the STACS Enterprise Wallet and the implementation of trading platform services.
Welcome to the STACS Token
I am very excited to share this news with you. As I mentioned in my recent Hashstacs message, not only will GBX’s utility token continue to benefit from the ever-expanding use within the GSX eco-system, which will include GBX, GSX, Juno, as well as other business lines – but it will also be the token which drives the utility within the STACS protocol. Let me explain.
To make sure our utility token is at the heart of everything we do and with the STACS Protocol coming soon, it is time to create a pathway to the STACS protocol for all our token holders. Welcome to the STACS Token.
The STACS Token is the GSX Group’s new utility token. STACS has the SAME utility aspects as RKT, therefore, Sponsor fees, listing fees and trading fees will be paid for in STACS Tokens and all of the current membership aspects of RKT will be enjoyed by STACS holders in exactly the same way.
The really exciting added utility of the STACS Token will be the reward and staking mechanisms on the STACS Protocol; I will keep you posted in the next few weeks with more details.
As from today, RKT will cease to be the driving force in our eco-system, the new STACS Token will take its place.
RKT will cease to serve in its current form from today. STACS Token (STACS) is the GSX Group’s upgraded ERC-20 token that will replace RKT as the utility token of GBX’s ecosystem.
Today (23rd November 2018) at the first block after 03:00 UTC, we have started allocating STACS Tokens on the Ethereum blockchain, GRID and DAX wallets to all RKT holders.
STACS Tokens are being distributed on a 1 to 1 basis, for example, if you have 10,000 RKT in your Ethereum wallet, you will have 10,000 RKTs AND 10,000 STACS Tokens.
We have informed CMC, Coingecko, Quoine, IDEX and Etherscan about the change of GBX’s utility token.
We would also like to inform everyone that the official STACS token address is ‘0x286708f069225905194673755F12359e6afF6FE1’
We will enable trading of the STACS Token on the DAX once balances are confirmed. We expect this to be within 6 hours.
This has been one of the most exciting updates I have had the pleasure of sharing with you. The continued development of the STACS protocol, the GSX Group eco-system, and the launch of our new utility token; STACS.