Tokenised Crowdfunding has been gaining parabolic momentum over the last few years, with growth in the ICO market alone hitting into the billions of dollars. There are a variety of projects seeking to disrupt the ICO and CF niche, many with their own unique offerings. One of these newly minted projects is called Starbase (https://starbase.co/). Starbase will be launching into the blockchain stratosphere 30th August with the ICO of its own token: STAR. In this article we will detail why we think the Starbase platform is the pick of the crowdfunding pack, along with the benefits of holding STAR.
Traditional Crowdfunding: Overdue For Disruption
Crowdfunding and its hierarchical order are no different from every other industry; It is prominently run by big business with insatiable appetites to devour whatever monetary gain they can salvage from the business model. The well known established CF platforms like Kickstarter and Indiegogo are two prime examples of this, taking anywhere from 8 – 20% from the pool of acquired funds by charging fee for payment processing and operational costs. This industry is overdue for disruption.
Blockchain Crowdfunding
There has been a large influx of crowdfunding platforms to hit the ever expansive blockchain void of late. Some of these have the potential to gain market share, but many of them offer holders of their underlying token little more than speculative gains. Let take a quick look at some of the offerings in the CF blockchain space;
icobox.io
Offer: First token which allows blockchain community to vote for the best projects to be brought to life through their own ICOs. And the first token to give token holders access to all future presales of such ICOs with an average discount of 75%.
Our Thoughts: Investors can get similar saving simply by buying an ICO at pre-sale.
kickico.com
Offer: KICKICO platform will take 4% commission from crowdfunding campaigns from all received ETH. This comission goes to ensuring the maintenance and development of the platform Also there is a comission of 4% emitted tokens of any project (the only exception is pure fundraising, where no tokens are produced) that automatically is sent to the KICKONOMY Reserve Fund.
Our Thoughts: This basket type holding offers very little benefit to the holder, who will see little gains from the underlying holdings, as there is no access to the basket.
fundyourselfnow.com
Offer: 70% of the profits made from FYN platform will be used to execute a token buyback program. Any purchases on exchanges will be made at the prevailing market price of the tokens as offered on exchanges listing FYN tokens. The tokens bought back will be burned to reduce the overall FYN token supply.
Our Thoughts: The token buyback and burn model doesn’t always equate to an expansion in profits. There are many factors that influence the price of a token, including; marketing activity / fluctuation in demand, project dev momentum, news, preceved token value etc etc.
Now lets dig into the Starbase.co reward system
Offer: Every Starbase token holder will gain reward as Ether or Ethereum Tokens. Starbase has 3 way of revenues 1. Token sale fee 2. Token issuance fee 3. Work-payment fee. Token sale fee revenue is distributed by Ether form to every token holders, and Token issuance and Work-payment fee is distributed by Ether token form in 1 year or so from our initial launch.
Our Thoughts: The reward mechanism in Starbase is top notch with the dividend payments being distributed via ETH smart contract. Added to the ETH dividend model, Starbase also offers the possibility in a % stake of ERC20 tokens from projects launched of the starbase platform.
Starbase Whitepaper
https://starbase.co/whitepaper
In Conclusion
There will be little stopping the growth in the crowdfunding market as it will continue to expand amid explosive user adoption in the crypto space. Starbase shines above all the rest in the CF niche with its STAR Reward Mechanism. The Starbase team also has extensive experience and connections in the blockchain community, along with a large user following. Starbase is in a great position to be the dominant market leader for blockchain crowdfunding.
Thanks for reading
[Disclaimer: please do you own due diligence when investing and don’t solely take my point of view as the only angle. I highly recommend everybody dig through the projects bitcointalk, reddit and team linkedin profiles to help formulate your own opinion – I thank you so much for reading and wish you successful dividend returns]
Ryan Jorgensen | Stock Photographer | Blockchain Nerd
Twitter: @CryptoDividends
Website: http://jorgo.photography/
Crypto Dividends focuses on the niche blockchain business models that generate passive income without the need to sell or speculate. We seek to discover and promote the best dividend yielding cryptos.