Category Archives: Introducing Altcoins

Arcona Brings Digital Property Rights to the AR World Using Blockchain

Arcona is going for a showdown – how big can the virtual property market get? Could it one day rival the real estate market we have today, which is estimated to be at $217 trillion. That’s 217,000 Billion Dollars, an unfathomably large value. Compare that to the entire market capitalization of the crypto market today at just $225 billion and you get an idea.

But real estate is just one form of property rights that we exercise in the world today. There are many such possibilities, such as patents. The blockchain can work as a solution for many of these possibilities, since it keeps a history of ownership along with proof that it was recorded at the time. It also tracks its sale and transfer throughout the history – an invaluable resource.

So what exactly is Arcona building? An entire new economy in the AR world. AR, which stands for Augmented Reality, mixes the real world with the virtual world to provide never before seen experiences. AR can be a gamechanger is technology broadly speaking – even the largest publicly traded company on the planet, Apple, is betting huge on AR with ARKit and the CEO Tim Cook has pegged the future of his company to AR.

In the AR world, there is only virtual property, but property anywhere behaves the same and has the same needs. Trading. Renting. Protection against fake proofs of ownership. History of transfers. The Arcona team is building out that marketplace to perform all these tasks but in the AR world.

Crypto and blockchain provide the perfect technology to accomplish all of these. Trades can be peer to peer and recorded on the blockchain, so no one can steal your virtual AR property from you. Everything is recorded on the blockchain. What’s more, all trades take place in Arcona’s native token, Arcon Token. This gives the tokens immediate and instant value. This is in stark contract to many other current projects especially in the ICO market that have no conceivable use case for their token whatsoever.

The project is ambitious for sure. It is high risk but the returns are potentially very high too. The market is wide open. AR can be the next big tech trend that will drive the market forward for the next decade or so. See you common smartphones are today? Ubiquitous 4G? That could be AR tomorrow. The growth opportunities are truly exponential for the company that gets this market right.

Could Arcona be the one?

A Blockchain Based on Bank Accounts? Yup, that’s BABB

If you think you’ve seen it all in crypto, think again. Or at least, the project BABB will make you think again. Traditionally, crypto is viewed as a way to bypass the traditional financial industry. That was essentially the origin story of Bitcoin. But what if the crypto industry can work with, instead of work against, the traditional banking system, while still retaining the main decentralized, and peer-to-peer payments ethos? Well, that’s the goal of an ambitious London-based project called BABB, which stands for Bank Account Based Blockchain (i.e. a blockchain based on bank accounts).

The goal of the BABB project is to  create a decentralized banking platform. To that end, the use of crypto and blockchain is only one part of the equation. The team leverages blockchain, sure, but also other nascent and emerging technologies like AI and biometrics.

We tend to like business-driven projects that use technology to achieve their goals and not the other way around.

The methodology of going about this is quite interesting as well. The team wants to give global and universal access to UK bank accounts, but in a compliant way. The product is specifically geared towards peer-to-peer commerce, a fast emerging branch in the world today.

Let the gravity of the project sink in though – the ability for anyone in the world to have access to UK banking is pretty new and revolutionary. This would greatly help people in the emerging economies, especially those in the informal sectors of the economy, and the ‘gig economy’. They would now be in full control of their finances, and be able to participate in markets that are global as opposed to local.

Business would benefit from this as well, because they can now integrate BABB’s technology stack into their own payment workflows, and all of a sudden, it is as simple to hire and pay someone from halfway around the world than it is to pay the employees in your office.

An interesting product that the team is also building is the Black Card. It is a card that allows you to pay for goods and services anywhere in the world, in both fiat and cryptocurrencies. Essentially, it is like a bank in your wallet, but it does more than simple money transfers by being compatible with a variety of different forms of payment, including fiat.

This is therefore different from the more traditional approach some crypto ‘debit card’ companies are using, which is to use a via or mastercard network to transfer payment while selling cyrpto on the backend. With the Black Card, the existing payment rails completely go out the window, so you’re never relying on that network at all. Pretty cool if you ask me.

BABB is having an ICO. Check out their website for more details.

The Upcoming Trend of Combining Blockchains with IoT

When we see trends in the crypto-markets, we let our readers know what we’re thinking. Of late, we see some interesting projects coming out of a combination of two of the hottest new areas in technology today – IoT (Internet of Things) and Blockchain.

Those following the markets closely would know about IOTA, which isn’t really a blockchain but a ‘Tangle’ and used for IoT communication and payment. If you don’t, check out IOTA’s price over the last week:

IOTA 7day Price

Now that you see the above, it’s time to take a deeper look at this niche.

Firstly – IoT and Blockchain are 2 of the 5 hottest tech fields right now, along with AI, Robotics, and AR/VR. So no surprise then that investors pay attention. The markets are huge. IoT itself is a trillion dollar economy. Obviously, the winners make a lot in such a market. There are also strong network effects, so it’s a winner take all market. All the more reason to pay attention to the projects – if you pick the winner, you can succeed by a great margin.

Before discussing projects, let’s look at what IoT + Blockchain even needs. Well, for starters it needs a blockchain for payments that can process them very quickly, efficiently, and cheaply. So that rules out blockchains like Bitcoin that are slow and costly.

Then, IoT has an increased need for privacy and security, which are both hard to do with a blockchain in general. Especially the privacy part, since everything on a public blockchain is public and open to scrutiny by anyone, including malicious hackers.

So that leaves most of the existing blockchains behind. Now the new projects in the space are interesting, and today we want to discuss one of them in particular – Hdac.  Hdac provides all the benefits that we mentioned above. How does it do it when most blockchains fail? Simple – it uses a Hybrid Blockchain approach, which is a combination of public and private blockchains. So Hdac leverages the open payment rails of public blockchains and the fast and cheap processing of private blockchains. And connects the two.


Hdac is a Chinese project and ICO that will create a new blockchain and is appealing to both Asian and European/American investors. Their pre-sale is capped at 6000 BTC. Check out the project and ICO here. And don’t forget to read the whitepaper.

DateCoin Combines Professional Dating App with Crypto

Datecoin ICO

It’s official now – we’re entering the cupid’s den with crypto! No wonder then that our lonely sailor readers need some love, and we think they may be interested in combining their love for crypto with the love for women. So to them, we introduce a new crypto that will soon go the usual ICO route – DateCoin.


DateCoin, as its name suggests, is a crypto token for a dating platform. The team already has a dating product in market, which lends it some much needed credibility in this space. The product, called Denim, is a dating app in Russia that promises the highest quality and real women for worthy men (so not your typical dating app!). However, what makes it different from a bunch of other dating and hookup apps in the market today is it is part of the so-called ‘programmatic dating’ market, which is a niche, but fast growing market.

The idea is to use some of the latest innovations and technologies in computer science – machine learning, AI, and big data based insights, and apply that to the dating market. The result is presumably better results that fit your profile and your needs in the dating market.

DateCoin project is implemented by professional team experienced in launching of profitable dating service, which makes it stand apart from many other competitors. DateCoin is the synergy of artificial intelligence and effective business modeling for pragmatic dating service as previously described, which also allows it to distinguish itself from the competition.


We at Crypto Sailor filter some mess from the turbulent seas, but DateCoin is based on a fairly successful already existing product and app out in Russia. Granted they are not as international as some other such sites, but hey you gotta start somewhere. And it’s heck of a lot better to do this with an existing product than try to do something from scratch (I am looking at you Matchpool).

Here’s a screenshot of the girls from their website. You be the judge.

And here’s a slightly more magnified view of the people on the platform:

Now it is important to note that these are not fake profiles or bots of what not that other sites use. Since the whole pitch of the site is to connect wealthy men with beautiful women, their reputation is all they’ve got. In fact, the team claims that they use pretty advanced machine learning and AI to detect any fake profiles and bots and only provide the best quality results to the men using the platform. This is important because fake profiles can destroy trust in the platform.

In addition, what really surprised me positively is that they have been covered in major publications like Maxim Russia and Playboy Russia. That’s a pretty legitimate claim that not many projects can make. Heck, they’re even featured in the Cosmo!

They also have a phone app, which is the primary way people today communicate and look for that special one. Not that we care too much about a mobile app, but just goes to show that the team is serious about their business and is running a successful show already before the ICO even begins.

So that’s the product you’re looking at. A very legitimate team and product that already exists and serves the marketplace, but sees the need for a token to expand and better their services, which let’s admit, needs money. They’ve been featured in major news media outlets out of Russia, and they have plans to expand to other parts of the world, given their success in their home market of Russia.

But this isn’t the end of the line – the team has some very ambitious goals for growing the platform and network in the future. Today, they are at 500,000 users, but their goal is to go up to 19 million users in a time span of 4 years. They plan to do this via a variety of means, including geographic expansion into other markets.

Here’s a list of countries they are looking to expand into, for example:

About the DTC Token

Datecoin has its own native token on the Ethereum blockchain, called the DTC Token.

The DTC token is used as the platform currency in the backend, which means that the end user doesn’t even know that they are using the DateCoin tokens or DTC to pay for the app. However, behind the scenes, that transfer is taking place in converting regular fiat money into DTC tokens. This drives the use for the tokens, while also increasing the demand for the tokens as the app becomes more popular and more people want to join, especially as the team grows this out to other countries.

In addition, the team is doing a very sensible buyback and burn strategy with the DTC tokens. This is very important because it creates a sink for the tokens. If you think that isn’t important, read up Vitalik himself talking about how important token sinks are. It looks like the DTC team has taken Vitalik’s word seriously and created a token sink.

As the use and utility of DTC increases, so does the fees collected by the network. The DTC team has smart contracts in place that will then buy back and burn these DTC tokens via another smart contract. This means that the supply of DTC is deflating as opposed to inflating or remaining constant. This is a powerful source of return for the investors.

Here’s an infographic that the DTC team helpfully prepared for the public:

As you can probably imagine, as an investor, it is your prime concern as to where the returns will come from. What happens when you buy DTC, especially if you’re not in Russia and not going to use the DTC on the app any time soon? Well, the answer is, you’re holding on to a deflating token, which means it will get scarcer over time. This means if others want the token to participate in the network, then they will need to buy this token from you. This drives up the demand, which is always a good thing when you’re an investor in these tokens. This is a powerful and often underestimated source of return, but since you read Crypto Sailor, we are guessing you do just fine understanding these concepts.


Before we proceed any further, take some time to read the DTC Whitepaper. Go ahead, click on the link and then come back to finish the rest of the article. We’ll wait – it’s only 13 pages. Seriously, we strongly encourage you to make your own decision to invest in a token or not, and never do so without reading the whitepaper. This is the basic due-diligence that you need to do as an investor.

Then, fair disclosure – you can lose all your money you put into DTC or any ICO for that matter. So don’t try and invest your lunch money into this.

Now that we have it out of the way, here are some ICO details:

The team has a pre-sale, which is your best bet to get in early and get some discounts if you believe in the team and project. The pre-sale starts on Nov 29, 2017. The main ICO crowdsale is in March 2018, so there’s a healthy bit of room there. However, the pre-sale is capped at 550,000 Euros, so you’ll need to be fast if you want in on that. Otherwise, you can always wait till the main ICO.

The price in the pre-sale is 1 DTC=0.00025 ETH.

Here’s some distribution numbers that you should know:

As you can see, the team is following best practices here and giving a majority of the tokens in the crowdsale at 66% while still keeping a meaningful percentage of the tokens for the team at 20%. This is important because otherwise the team has no incentive to work on the project any more after the raise. However, with 20% of the token supply for the team, they are motivated to increase its value and therefore work on the project seriously.

Bounty for DTC Token

Like all good community driven projects, the DTC team has decided to incorporate a bounty program. It isn’t as generous as some other coins that go up to 2%, but it’s a start. The team has reserved a 1% of the total DTC supply to the bounty participants.

Of the 1% of DTC tokens for the bounty, here is how they are split into different categories:

DTC Bounty

Not surprisingly, we like that the largest category is their Content Campaign. Of course, blogs like Crypto Sailor are what introduce readers to projects like this, so hope you go check them out!

This is the official bounty thread that you should check out if you’re interested in this.

So if you’re interested in participating in the DTC network, check out both the bounty and investment. Bounty of course means you do more work upfront but then you don’t need to part with any of your precious Ether. On the other hand, you’ll part with something more valuable – your time.

With all those caveats, check out the project and the bounty, and let us know your thoughts in the comments below.

Clout Aims to Simplify and Unify Crypto Media and Communities


Clout is a new crypto project that aims to solve the problem of content creation and curation simultaneously for communities where knowledge and expertise are crucial. Not surprisingly, Clout is initially targeting the crypto communities where knowledge is a premium as not many people understand all the intricacies of investing, trading, and understanding of these crypto tokens. Clout aims to become the default gateway for crypto content where both creators and curators are rewarded for their work and accuracy. Clout will share the advertising rewards with the content creators, instead of keeping the rewards to itself like other platforms do (I am looking at your Facebook).

As a platform, Clout is created to be similar to familiar platforms like Facebook where users login and post content, interact with the content, create content and curate content. However, the big difference is that Clout is community driven not just in content creation but also in reward distribution for that content. This incentivizes people to participate and create useful and quality content, so it grows both the platform overall and their own revenue. We’ve seen this model succeed with the likes of Steem for example.

Clout aims to become the ‘homepage’ for crpto investors, traders, and enthusiasts. We at Crypto Sailor know and understand the challenges of keeping up with the massive deluge of information and misinformation in the crypto landscape every single day. We see the need for a product like Clout for the community.

The team has a development plan stretching over a year that you can find in their whitepaper.

Traders Platform

When the platform is developed and if the team’s vision becomes a reality, it would be a huge boon for everyone in the crypto space be it short term trades or long term investors. After all, the basis of all investment and especially crypto is knowledge and information that not many people have or are able to work hard to gather. Now, if people are incentivized to share their knowledge and expertise with others, that’s a huge win for traders who look for any small edge and advantage over others while trading crypto.

The Clout team also aims to provide insightful analysis as part of their content play to the platform participants. Again, there is no right or wrong answer (no one has a crystal ball), but there is a right way and a wrong way to analyze the markets. The hope is, the traders who derive value out of good analysis will see that reward the creators. So now the creators have a way not only to trade the markets themselves, but also share their knowledge with their fellow crypto traders.

All of a sudden, Clout has turned a competitive market into a cooperative one.

Introducing HERO Token for Banking in South East Asia

This post is about a new HERO Token. This is a token for banking in South East Asia. To under the HERO Token, you first need to understand the broader climate in South East Asia. It seems like a lot of older crypto folk from the US and western Europe don’t know or understand the South Asian markets and their dynamics. However, blockchains are global technologies, and increasingly, we’re seeing a lot of new products and innovation coming from other regions as well. HERO is a token that squarely belongs to South East Asia.


Firstly – the people and internet. You’re talking about twice the size of the United States, so there’s a significant market there. There is good, but not great internet penetration. This is tricky to quantify but let me try. If the region is too early, then there won’t be enough traction. If it’s too late, there is not much growth. Around 30-50% is, in my view, the best time to enter these markets because everyone knows about the power of the internet by now, and there’s still ample growth opportunities because not everyone is connected yet.

SE Asia Internet Penetration

Secondly, the banking sector. In this region, the banking penetration already lags internet penetration, and the gap is only going to grow. With mobile phones, it is much easier to get access to the internet than to get a bank account.

Banking Penetration SE Asia

As you can see, the banking services penetration severely lags internet penetration, especially when you look at the growth rates. In addition, you can see the very poor penetration of credit cards in these markets. In such a market, the use of cryptocurrencies as a store of value and means of payment is pretty evident. Look at the total internet users snapshot this time –

SE Asia Internet use

You can see how large the populations are, and how much of a market scope there is. If the internet growth outpaces banking growth as it did over the last few years, how will the markets change? There is a clear need for blockchain technology solutions that are digital for payments and wealth storage.

The HERO Token

Enter the HERO token. It is a leading fintech company native to South East Asia, and helps with providing credit locally. They are taking on the huge lending industry, which is entrenched in its old ways and doesn’t leverage the power of the internet.

The way it works is simple. On the borrowers side, it provides loans, first collateralized and then expanding into uncollateralized ones, so borrowers have instant access to credit. On the lender side, it allows investors from across the world to access a booming and growing economy of South East Asia and make much higher returns on their money than their usually Western markets like US and western Europe.

The team has already demonstrated its capability with a PawnHERO token, which is a different blockchain-based take on the whole pawn shop experience. However, the team has much bigger plans, and is therefore looking for a token sale to help expand and grow their business. As a fintech pioneer in the region, it is working with limited data on reputation and credit scoring algorithms that will help it retain its lead in the market. Here’s a quick infographic on how the process will work –

HERO token


The HERO token will undergo an ICO so that the token is distributed among participants. Unlike many other ICOs on the market today, the HERO ICO will distribute 80% of the tokens to the public and only keep 15% for the team. This is a good move, because the people need to take the risk-return in the market and will help investors who put money into the project at such an early stage.

If you want to learn more, check out the official website. If you want to invest in the ICO, we strongly suggest all investors and potential investors to read the whitepaper too. Finally, you can find the Bitcointalk ANN thread here for community discussion.

Introducing Delphi: The Silver to Gnosis’ Gold?


Prediction markets are a hot commodity, and a perfect application for crypto markets. They are usually disallowed by the government, so it makes perfect sense to create them on a decentralized blockchain out of any single entity’s control. They have been shown to be a source of extremely valuable information on a number of different occasions and for many different use-cases. They interest the punters and the academics alike. They will also especially appeal to the crypto-crowd given how much the people in the space like speculation.

So on the heels of Augur and Gnosis, the two big giants in the prediction marketplace, is there room for a third? Akin to Litecoin being branded as the silver to Bitcoin’s gold, is Delphi the little brother to Gnosis? Let’s find out a little more about Delphi.

Structurally Similar to Gnosis

Delphi is created to be compatible with Gnosis. However, the real differentiator between them comes from how the oracle system is organized. Delphi has a more robust set of oracles that run through a multi-sig so a compromise on one of the oracle doesn’t lead to immense losses on contracts. You can read more about Delphi’s recently introduced ‘Pythia Framework‘ on their blog for more details.

Then, there is the issue of token distribution. Gnosis, as much as the team may deny it, had a really unfair ICO. They issued just 5% of their tokens. Almost to prove this to be an anti-thesis to that model, Delphi have pledged 95% to the community and just 5% for their own development efforts.

This will be a big differentiator between Gnosis and Delphi. When it comes down to it, a fair token distribution is really important for crypto projects to succeed, because otherwise there is not enough skin in the game to make efforts for success by the community. It is better for the tokens to be widely distributed than be hoarded by the development team.

The token parameters are similar for both Gnosis and Delphi. In Delphi, you buy into Del tokens that release Phi tokens to be used for fees on the network. The Del tokens in this case are similar to the GNO tokens in Gnosis.

Anonymous Team

Now this is a big one, and can go both ways. Although the recent trend, especially for Ethereum ICOs, has been towards open teams, and we understand why, this is the exception in crypto, not the norm. The team claims that being anonymous helps them avoid any government intervention, considering several governments haven’t been too kind to prediction markets in the past. However, it makes it that much easier to pull an exit scam and run with the money. Trust us, we are equally worried about the possibility. But given the risk-return profile of the project, we’d still like to talk about it and give the team the benefit of the doubt, at least for now.

The team has maintained clear thoughts on the project throughout, even though there isn’t much code released yet before the ICO. You can check out the team’s blog on Medium to learn more about the philosophy behind the project and support them if you agree with their vision.

Check out Delphi now, and their ICO is still ongoing for those interested.

Photo Credit: flickr

Bancor Allows Anyone to Create and Trade their Own Cryptocurrency

Bancor Crypto

Bancor is new interesting crypto protocol that aims to make it really easy for small communities and individuals to issue their own tokens, while retaining price discovery without being listed on exchanges. Intrigued? Read on.

Market Without an Exchange

The biggest feature that the Bancor protocol provides is the ability for a token to have a market but without having to be listed on an exchange. Anyone who’s been in the crypto community long enough knows how hard it can be to list smaller tokens on exchanges. This is not surprising – exchanges make their money on volumes, and if the trading volume is low, they don’t want to go through the overhead of maintaining that token.

However, the proliferation of the token economy means that many different use-cases arise, not all of them having a high trading volume. Smaller communities and individuals could theoretically issue their own tokens for local causes, but they would never garner the types of volumes established global currencies do. If exchanges don’t list them, there is no market and thus no price discovery mechanism.

This is where Bancor comes in. For the first time (that we’re aware of), Bancor provides a way to create a market for a token but without the use of centralized exchanges. It works through a smart contract on Ethereum. The full details are beyond the scope of this introductory post, so read the whitepaper.

But in a nutshell, when a token raises money, it keeps some of it in a reserve, and issues tokens. These tokens trade in the market based on their utility. The smart contract is written so it can create a supply of new tokens whenever needed, by sending ETH (or another ERC20 token) to the contract. This causes the price of the token to increase. By a similar mechanism, whenever someone converts their tokens into ETH (or another ERC20 token), the price of the token decreases.

Note that this whole mechanism is a ‘conversion’ and not an ‘exchange’. One fear is that the prices may be manipulated by whales if they hold supply via the smart contract and also via external exchanges. This also means that during distress, those who are able to exit their positions first are at a significant advantage over those who are not, since the price continues to spiral downward with selling.

A Basket of Tokens

With a full reserve, the Bancor protocol also allows for the creation and redemption of ‘ETF-like’ baskets but of tokens instead of stocks. The price arbitrageurs will make a profit by ensuring the prices stay in sync. This can provide a fairly stable mechanism for a basket of tokens created using Bancor.

Bancor will have an ICO soon. Check out their website to learn more about the project and keep up to date with their progress.

Photo Credit: pedrosimoes7

Fund Yourself Now (FYN) Targets the Crowdfunding Industry

Fund Yourself Now FYN

Every once in a while we here at Crypto Sailor come across a crypto project that tackles a real problem in a real industry. Fund Yourself Now (FYN) is one such project. Fund Yourself Now is an Ethereum-based crypto project that takes aims at the rapidly growing crowdfunding industry. The industry scope is high – it is a large and growing industry. If FYN can get even a small chunk of the industry, it will be quite valuable.

So what does FYN offer? It is a smart-contract platform built specifically for crowdfunding on the Ethereum blockchain. By being built on the Ethereum blockchain, it removes the element of trust usually required for centralized crowdfunding applications in general.

By removing this centralized trust, Fund Yourself Now is able to create a better accountability and incentive structure for a crowdfunding campaign. This benefits both the projects looking for backers and the backers themselves, since both sides have an incentive to be honest. Ethereum of course offers the team the ability to create a better form of crowdfunding via the use of smart contracts.

A big problem that Fund Yourself Now solves is to keep the team accountable to the backers who are financially invested in the project. The team does this by a smart contract enabled milestone-triggered payment solution. This way the team cannot just abandon the project and take all the money. Instead, the team gets the money only subject to meeting minimum requirements as outlined in their milestones before the backers put any money into the project. In addition, the project backers will have more say in how the funds are distributed via a voting mechanism. This provides some power to the people who are backing projects financially, and doesn’t leave everything at the mercy of the team, that can find it easy to abuse the trust shown by the backers.

Another very interesting aspect of Fund Yourself Now is the creation of a coin marketplace. This marketplace will act as a medium of exchange between the various project-specific tokens and rewards. Since everything is in the form of blockchain tokens, such an exchange will benefit all the projects that are launched on Fund Yourself Now. It also provides much needed liquidity to the backers of the project, who can trade them in the secondary market depending on how the project is making progress. This will allow the backers to ‘exit’ a project that isn’t going according to their vision or what they originally signed up for.

Finally, there is a social reputation system built into Fund Yourself Now platform, which should help with bringing in more transparency. Although this usually isn’t a huge problem in the traditional crowdfunding arena, it is a big step in the right direction for the crypto-backed projects that tend to remain anonymous even while raising a lot of money. With social reputation, there is less incentive for projects to disappear overnight.

Fund Yourself Now is an ambitious attempt at using Ethereum’s smart contracting platform to build a better experience for all parties involved in the crowdfunding process.

Check out the project here.

Photo Credit: Nick Miller

Starbase Creates Incentivized Project Management on Blockchain


Starbase is a really interesting new crypto-project that aims to help other companies and projects in the space attract the right talent and incentivize the people properly to ensure everyone works towards success. In the sea of new ICOs being launched as crypto markets reach record-breaking highs, it is easy to be distracted by all the noise. Starbase however is different in that it is not a quick way to make money for the founders but instead is a great way to help the whole cryptocurrency ecosystem move forward.

A Three-Pronged Approach

Starbase is building a three-pronged approach towards new projects in the crypto community. In our view, this is a great use of resources, and something that will be appreciated by the whole community if it works as advertised.

  • Projects: Projects can list on Starbase in order to attract both money and talent. Any crypto project will need both to succeed. By creating a single place that brings all the stakeholders together, Starbase is building a model where new crypto projects are incentivized to move to the platform instead of start from scratch.
  • Investors: For investors, Starbase provides a quick and easy way to find new investment avenues, especially in the nascent crypto-token economy that is just taking off all over the world. In addition, since the Starbase team will do a first-pass due diligence, and the platform will likely not list balatant scams, investor risk is reduced.
  • Workers: There are many talented people in the crypto-economy who were early adopters and believe in the vision of crypto changing the world for good. However, it is very hard for these talented workers to find the right project fit and also be able to gain in the upside of a project they contribute. Starbase solves this problem by making sure that these workers get paid in the project tokens. This way, the workers are incentivized to give their best because if the project succeeds, they make more money. It is a win-win for the projects and workers.

Starbase is building the next-generation blockchain-based crowdfunding platfrom to help grow the entire crypto-economy and move it forward. Of course, the use of Starbase isn’t limited to crypto-projects. However, we expect that the earliest projects to be built on the Starbase platform will come from within the crypto-economy.

Any project needs money to succeed. Therefore, investors are a key piece of the puzzle. In addition, many of my readers are interested in investing in crypto and ICO, so let’s address the key advantages to investors.

Starbase will implement a voting system to weed out obvious scams and really bad projects. This will not be fail-proof of course, but it should reduce the total risk of complete scams or failed projects that investors usually take in other ways. If you see a completely random crypto project in Bitcointalk, the likelihood of it being a scam would be higher than if you spotted the same on Starbase.

Also, the tokens being created by the Starbase platform are liquid like any Ethereum-based ERC20 token. This has become the de-facto standard Ethereum token today. Therefore, plenty of exchanges and platforms will be able to support the tokens.

So Starbase aims to build a whole new crypto-ecosystem that could benefit the entire community. If you want to discuss more, head over to the Bitcointalk thread.

Starbase Email:

Photo Credit:  lukas schlagenhauf