STAR BASE
~ Towards a future of easy innovation via Blockchain crowdfunding and token payment ~
Starbase Blockchain Related Features which can contribute public blockchain economy
Starbase’s mission is to make it easy for everyone to start or support projects which aim to create new services and products.
Starbase provides a crowdfunding and crowdsourcing/recruiting platform which gives long term incentive sharing mechanism on the “Internet of Value”.
The current incentive-shared team making solution for new project initiators is based on traditional, local and slow stock based system. Therefore, it’s difficult for core teams to recruit savvy members without a fair amount of initial capital. Even when core teams want to share the stock or options as compensation, they can not share long-term-incentive with project members swiftly, globally nor at a low-cost.
Current fundraising solutions for new products/services are not globally oriented and are usually slow. Additionally, some people can not accept payments because they are unable to open bank accounts or are unable to make a promise as a public record. We would like to create an ecosystem where everyone in the world can easily participate by using a decentralized infrastructure, Ethereum.
Starbase remove the barrier to entry the token funding economy for innovative projects including non-blockchain projects by providing crowdfunding infrastructure and token design & issuance service with templates.
By using Starbase, core teams, such as startup founders, new business project leaders, artists et. al, will be able to issue ERC 20 type tokens on the blockchain in a simple way. Starbase will firstly focus on the Ethereum blockchain and the standard type of tokens, ERC20 tokens.
Starbase team believes there will be thousands of tokens in the world to create new innovations, currently there are 600+ tokens and $20B+ market cap, and Starbase would like to support token issuance, sale & payment, especially for crowdsourcing.
Figure: Starbase overview
1. Starbase provides a technical infrastructure for core teams to issue tokens or to
give tokens as work payments or as a long-term incentive. 2. Starbase provides a technical infrastructure for core teams to issue tokens in
order to raise funds. 3. Starbase provides a technical infrastructure for supporters to purchase tokens
in order to support the fundraisers of core teams. 4. Starbase provides a technical infrastructure for supporters to work for the core
team's project and receive tokens as long term incentive. Token holders are motivated to raise the value of said tokens.
Possible core teams are listed below: - Global and innovative non-blockchain based projects
Such as bio-technology ventures in France, an encrypted chat application platform in Russia, Fintech company in Israel, and those who need rapid, global growth with a lot of supporters.
- Startups, New business planners in big companies
A lot of companies and projects which don’t know anything about the blockchain technology can join the Starbase platform as a decentralized fundraising or human resource management solution. Decentralized crowdfunding and human resource management provide a cheap, fast, and global way to communicate with your team member and expand your team around the world.
- Artists/Athletes/Talents
Hidden talents can use the crypto crowdfunding system. They can issue the tokens and sell them. For example a talent can sell his own token which has utility features and token holders can receive 1 hour of service from the talent by utility token.
- Event organizer
Event tickets can also be represented by tokens, and sold online. For example, if you have 1 event token, you can join the event with discount or priority.
- - Supporter Supporters are those who want to support projects by purchasing core team’s tokens or by working on core team’s projects.
Possible Supporters are below:
- Blockchain engineers, designers
Ethereum, Augur, SingularDTV, DigixDAO, GEMZ, Factom, and many other token based projects are developed by blockchain savvy engineers and designers. They understand the potential of a project since the development phase and can support the Core team’s project by sharing the long-term incentive with the issued token.
- Non-blockchain Engineers, designers
Even non-blockchain engineers and designers can cooperate in promising blockchain projects and if they believe in the potential, they will end up supporting core teams’ projects by using the issued tokens.
This presentation material contains contents related to crypto currency and blockchain technology, that legal treatment has not been decided currently, or is different in each country. Starbase is considering the specifications of services with blockchain fintech experienced multiple lawyers from the legal aspect, and as a result, the whitepaper contents may change in the future.
Starbase: The platform name; Starbase is both an open and closed source project. Starbase.Inc will do technical consulting by providing a crowdfunding/sourcing platform which enables you to issue conditional tokens from templates.
Starbase Token: The token which is issued by the Starbase team, and which has utility, inflationary features.
STAR: Currency symbol of Starbase token. Starbase token detail is described in the following section.
Token: Token is a frequently used term in the blockchain industry for data which has some value. We will use ERC20 type tokens, which are the most widely adopted type of tokens on the Ethereum blockchain.
Core team: People who are going to provide or who are currently providing some service or product.
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