Crypto News & ICO Reviews
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Looking back a few decades, if you asked someone to join the “ICO Crowdfunding Platform” or “Cryptocoin Membership Club.” Would you wonder what language the person is speaking to you? That one would be taken as an alien with very little chances to be understood. However, in today’s crypto world, such terms shape the reality of never stopping development of humanity. Even for the relatively new concept– crypto, it roots itself deeper and expands into different ecosystems creating more and more room for creative ideas based on the Blockchain. This feels like a foreign language indeed.
Decentralized crypto has naturally resulted in the need to centralize the location of project inception aka place for to gather together new ICOs, raise funds, launch and manage the projects, monitor and control them. It may be possible with a Crypto Kickstarter – CoinStarter.
CoinStarter is a first of its kind technology platform for the ICO crowdfunding market. It is the tool to ensure fast ICO crowdfunding. The company has a relatively user-friendly interface which is easy to understand, however trialing isn’t yet possible as the platform will be launched after ICO is finished and if successful. It is also easy to understand the concept of the project, so the ICO will really shed light on the general perception of the idea by crypto enthusiasts. The company has developed a crowdfunding platform for ICOs as a core idea for its project. However, it realized that it should go further to sustain possible potential which further evolved into CoinStarterBox and Businefy. The two are the symbiosis supporting CoinStarter integrally.
Any organization requires a set of departments to run successfully. In case of CoinStarter, its CoinStarterBox is its marketing department and Businefy is where bureaucratic and procedural things happen. Marketing is essential for any business success unless it is insulin pills. According to CoinStarter whitepaper, its marketing “department” CoinstarterBox is the first and original ICO Coin subscription service. The CoinStarterBox members will add their Ethereum Wallet address, select which type of ICO categories they are interested in, choose some coins they’d like to receive each month, pay a monthly fee and they can receive the most popular coins each month.
The “operational department”- Businefy is a business analytics platform that provides the essential software applications to manage aspects of a (crypto) or other enterprise and crowdsale campaign from project management to hiring and payroll. It looks like a dashboard of the website. The project is in beta and it is not very accessible to test at the moment. Once project registers it ICO on CoinStarter, it has access to Businefy to manage the project. Would be interesting to observe to adaptation of the project by crypto startups.
All three – CoinStarter, CoinsStarterBox and Businefy are the integral parts that make the idea look different from other similar projects. Its cryptocurrency – STAC, along with fiat, will be used on the platforms, no other coins will.
Another interesting thing is that creating an account on CoinStarter is free. According to CoinStarter, once ICO is registered and launched on CoinStarter, the CoinStarter platform will allow those who have raised funds through an ICO to transfer the money back to them in cryptocurrencies. A fee of the total funds raised at the end of the campaign in line with our pricing structure will be charged. Also, a certain amount of the tokens issued as additional compensation for running the campaign using the CoinStarter platform will be asked post ICO. CoinStarter license fees are as follows:
– fee of 500 StarterCoins for launching a project on the CoinStarter platform,
– 5% of the total campaign raised,
– 5% of any newly issued token on the CoinStarter platform.
Taken from the website of CoinStarter, the following are the features of the crowdfunding platform: My StarterCoin– this feature allows you to earn StarterCoins by completing tasks. Discover Campaigns– this popular feature provides a window into current and future projects scheduled to be launched. My Portfolio– this feature is where you’ll view and monitor campaigns that you’re supporting. My Wallets– this wallet feature shows your overall contribution to campaigns and a summary of all issued coins to you in real time. My Campaigns– with this feature, you can manage your past, present and future campaigns. Syndicates– this feature will allow to start or join a syndicate and follow established ICO influencers. Start a New Campaign– this feature provides you the opportunity to launch a coin-based funding campaign or a more traditional crowdfunding campaign.
Once launched, it will be much more accessible to understand how the system really works. “People are usually afraid of change because they fear the unknown. But the single greatest constant of history is that everything changes.” ― Yuval Noah Harari, Homo Deus: A Brief History of Tomorrow. The market changes and nothing stays still. Will this new attempt to create a Kickstarter and Kicklauncher work? Post ICO will determine.
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