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Starbase Enables Innovative Projects New Crowdfunding Opportunities Using Blockchain Technology

Last Updated May 16, 2023 2:13 AM
Francisco Memoria
Last Updated May 16, 2023 2:13 AM

To be successful, various startups need to opt for fundraising solutions so they can get their products or services out there. Although some have been successful, on average less than 20% get to a Series B funding round, and less than 0.5% “matriculate” to Series F . Often, these fundraising solutions aren’t globally oriented and take too much time.

This end up being extremely expensive for investors. Cryptocurrency Initial Coin Offerings (ICOs) are an attractive solution, and only work for blockchain-based projects.

Enter Starbase, a user-centric, cryptocurrency-based crowdfunding platform that allows innovative projects be a part of the cryptocurrency ecosystem by taking down barriers.

Starbase takes down crowdfunding barriers

Starbase  is a platform that allows innovative projects to design and issue their own blockchain-based tokens or used Starbase’s STAR tokens, that can then be used as an incentive for new team members from all over the world to join the project – as it flourishes, the token’s value grows, so members stay motivated. Starbase provides legal templates for the token issuers and payees, as a way to ease the process.

Moreover, it allows startups to bypass geographical limitations by giving them access to a global audience. As if that wasn’t enough, the use of cryptocurrencies allows users that don’t have a lot of money to be able to invest in projects they believe in and ultimately get paid for doing so, provided the project succeeds.


Investors who use Starbase will also be able to know everything there is to know about a project before investing in it, as the platform gives users full transparency of a project’s team and assets. These can be verified on the immutable blockchain, and this will ultimately enhance liquidity for token trading.

Through due diligence and a voting system, Starbase will filter less favorable projects s away from the platform, effectively improving the success of launched projects and increasing the investment potential for investors.

With thousands of investors committing small amounts of money, a global audience, and the ability to issue tokens that can be used to compensate collaborators, innovators will be able to thrive using the cryptocurrency ecosystem to their advantage.

Starbase launches its own token

Starbase is going to issue its own token, STAR, through a crowdsale . These tokens can be used to fund projects or to buy goods or services, and can be exchanged through the platform. They’re essentially the platform’s “main token.”

The crowdsale starts on August 30, and ends on October 14. A total of 125,000,000 STAR tokens will be sold during the crowdsale, Investors can purchase STAR tokens using Ethereum and Bitcoin.

To know more about Starbase make sure you read the project’s whitepaper . You can keep up with new developments by following them on Facebook  Twitter , and through their newsletter. To be a part of the discussion and pitch in, make sure you join their Slack channel .

Starbase: https://starbase.co 
Starbase’s whitepaper: https://starbase.co/whitepaper 
Facebook: https://www.facebook.com/StarbaseCo/ 
Twitter: http://twitter.com/starbaseco 
Slack: https://slack.starbase.co/ 
Contact: [email protected] 

This is a sponsored story.