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: email@example.com
Photo Credit: lukas schlagenhauf