Blockchain has opened up a new era of token economy in which companies can raise funds by creating a smart contract and offer project token in lieu of fund raised. In 2017 only, companies have raised more than $600 million and much more are lined up to raise fund for their projects through Initial Coin Offering (ICO). Here is the one organization which aims to revolutionize the entire idea of fundraising and make it simple for anyone in the world to raise fund and seek help for their idea without having any knowledge of Blockchain technology. Name of this organization is "Starbase" and you can skyrocket your idea with the Starbase if you have one!
What is Starbase?
Starbase is Crowdfunding platform on which innovators can raise fund for their ideas by selling tokens without having any considerable knowledge of Blockchain technology. It is a platform on which people from a different background can support Project by working for them and earn tokens for their work. Project creator will post their requirement on the platform for website development, Logo creation etc. People will support this project to earn payments in form of cryptocurrencies and project tokens. This will encourage supporters and creators to give their best as the success of the project will raise the value of the token.
Interesting features of Starbase platform
- Every project prior to fund raising on Starbase will be thoroughly evaluated and assigned rating, This will safeguard the money of investors by informing them about project rating and risk associated with it
- Tokens issued by project will be traded on Starbase platform and other cryptocurrency exchanges, Which will further improve liquidity
- Escrow facility will be part of the system to ensure that project creators cannot run away with investor's money. Payment to the projects will be released based on the project milestone they achieve
- Multisig Account for users to hold their own tokens by them selves
- STAR token is ERC20 token which can be stored on Ethereum wallet
Why should you invest in Starbase?
- Starbase will charge fee to projects that will be listed on the platform and 100% of this fees will be distributed amongst STAR token holders
- To Get the reward, investors token will be locked in the Starbase system which will further reduce liquidity and raise the price
- Core team of Starbase will buy back tokens from exchange and reduce liquidity from market to drive prices up, investor will be benefited from this move
- STAR holders will have voting rights for due diligence
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