ABSTRACT
Since the start of 2017, the Cryptocurrency market cap is up nearly 800 Percent. In fact, some coins are rising so sharply they are astounding many in the community.
One of the critical reasons for this dramatic rise in the number of new Cryptocurrencies entering the market is their ability to be structured as a crowdfunding opportunity for new projects. While the number of new Initial Coin Offerings (ICOs) is not precisely known, what is known is that in the third quarter of 2017 Initial Coin Offerings (ICOs) raised more money than the entire venture capital market for the same period.
Several factors have led to an increasing amount of uncertainty and fueled a lack of confidence in the traditional crowdfunding market. CoinStarter is uniquely positioned to tackle these problems as well as those associated with Initial Coin Offerings (ICOs).
CoinStarter is a first of its kind technology platform for the ICO crowdfunding market. Our user-friendly and intuitive platform is the perfect fundraising tool that addresses all the issues for entrepreneurs, innovators and creators seeking to bring their ideas to reality. With the help of our proprietary devices, users can launch their campaigns and coins in just a few minutes as opposed to the days, weeks and months required by other crowdfunding platforms.
Our community has over 100,000 (growing daily) loyal ICO enthusiasts that will get the word out about upcoming ICOs. Additionally, the CoinStarter members will be able to use the CoinStarter platform to launch their own ICOs as well as take advantage of a unique suite of products including Businefy and CoinStarterBox.
Businefy is a unique business analytics platform that provides all the essential software applications to fully manage all aspects of an enterprise or crowdsale campaign from project management to hiring to payroll and much more. This powerful utility will undoubtedly help our community grow any blockchain enterprise or campaign from early-stage startup to growth-stage company.
CoinstarterBox is the first and original ICO Coin subscription service. Every month we send carefully curated coins of the best ICOs to members’ Ethereum Wallet. This function makes it fun and easy for members to find promising ICOs and get some of their coins significantly below retail prices.
Coinstarter will launch its own “total taken” style ICO with an initial issue of Coins limited to 980,000,000 (nine hundred eighty million) during which 71% of that will be made available during the Pre-ICO and ICO period. Our Initial Coin Offering period will run for four weeks with the ability to extend for an additional two weeks if we have not achieved our soft target.
StarterCoins will be available at a discount during the Initial Coin Offering. Any unsold coins from the CoinStarter ICO are burned. Within a few weeks following the ICO, StarterCoins will be available on most exchanges.
The ICO features the sale of StarterCoins: a cryptocurrency which gives rights and privileges to their owners when using the CoinStarter platform and its family of services.
With a simple license fee structure, users of Coinstarter will be able to start, build and grow their enterprise.
CoinStarter charges a standard 5% of the total completed campaigns and 5% of the newly issued coins raised during the campaign.
Unlike most blockchain start-ups, we have a working product in beta, so not just a Road Map and White Paper. We also have over 100,000 members who are anxious to participate in the CoinStarter economy. We plan to do a full launch of our platform by February 2018
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All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.
-Arthur Schopenhauer
For years, fans of digital currency have had to endure both ridicule and violent opposition to discussions surrounding the new frontier of crypto-economics. But the latest figures seem to suggest that there’s a sea change occurring. The advantages, as well as sustainability of digital currency, are becoming more and more self-evident. Since the start of 2017, the Cryptocurrency market cap is up nearly 800 Percent. In fact, some coins are rising so sharply they are astounding many in the community. Many Institutions agree. Goldman Sachs recently stated “that it is becoming more difficult for clients to ignore the cryptocurrency market” as it continues to surge. Another quote: “The debate has shifted from the legitimacy of the ‘fiat of the Internet’ to how fast new entrants are raising funds. Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are) real dollars are at work here and warrant watching especially in light of the growing world of initial coin offerings (ICOs) and fundraising that now exceeds Internet Angel and Seed investing.”
One of the critical reasons for this dramatic rise in the number of new Cryptocurrencies entering the market is their ability to be structured as a crowdsale opportunity for new projects. While the number of new ICOs is not precisely known, what is known is that in the third quarter of 2017 Initial Coin Offerings raised more money than the entire venture capital market for the same period.
Aside from the VC option, we believe that people are now beginning to see the fundamental problems with the traditional crowdfunding model.
The traditional crowdfunding model has some inherent problems that any user who has either backed or participated in a crowdfunding campaign understands. First, there are high levels of fraud for the entire crowdfunding industry. A large number of campaigns are subject to massively miscalculated or over exaggerated projects both in value and success. Second, the accessibility of crowdfunding projects is notoriously restricted and is only available in specific locations and often times opened only to specific qualified groups of people. Third, the commission taken by third parties is increasingly detrimental with some crowdfunding organizations taking up to 25% of the raised funds.
All of these elements combined have led to an increasing amount of uncertainty and fueled a lack of confidence in the traditional crowdfunding market.
CoinStarter is going to take these and other problems within the crowdfunding market and challenge them head-on. By using a unique technology set, CoinStarter’s custom developed system will provide Entrepreneurs, Creators and Innovators access to the funding they need while allowing an army of global backers to take part in helping develop groundbreaking new ideas.
CoinStarter is already up and running in Beta with over 100,000 active members who are real coin enthusiasts. We believe CoinStarter can complete development of the first stage of our technology and be ready for a full launch out of Beta sometime in late February 2018.
Whitepaper : PDF Download
