crowdsale has hit its funding goal in less than 24 hours — passing its
first milestone in less than a quarter of an hour.
ICO launched on 4 July, offering investors the opportunity to back a
collection of early-stage start-ups that have participated in the Starta
Accelerator takes promising tech companies from Russia and Eastern
Europe and prepares them for entry into the US market, where they will
attract customers, expand and gain the interest of new investors. When
the companies are bought — an ‘exit’ in venture capital terminology — it
is typically for a multiple of 10–20x their original valuation when
they were first funded.
opportunities, whilst lucrative, are hard to access in the traditional
financial system by anyone without large amounts of money and special
connections. Starta’s ICO, which was run by the Singapore-based Cross
Coin, aimed to make VC accessible to any investors, regardless of how
much money they have. Five million Starta tokens were sold for $1 each.
remarkable $1.5 million — the ‘minimum viable’ amount — was raised
during the first 15 minutes of the crowdfunding campaign, and the full
amount of $5 million was raised in less than a day. The breakdown of
funds raised was as follows:
909 BTC4,168 LTC203,422 WAVES5,200 ETH5,793 ETC
first $1.5 million was earmarked to fund the 21 companies that are
currently going through the Starta Accelerator. The additional $3.5
million will be used to fund a further series of companies, bringing the
total to between 60 and 70.
All registered users who invest more
than 200 ATB are participating in it. For every 200 ATB on your account,
you get 1 lottery ticket for the draw, which will be held on a
specially prepared page of the site on July 11 at 06:00 PM (UTC).
During the lottery, every 5 minutes
the system will randomly select a winner and announce the winners wallet
number on the specially created section of our site. Those who invested larger amounts have more chances to win. The minimum balance for participation is 200 ATB.
will be a semi-regular series to give the community insight into
Bitquence’s activities from my perspective. It will include reflections
on things we’re releasing, what’s happening in the market, sneak peeks
into new initiatives or sometimes just my musings on blockchain
technology and the industry as a whole. Hopefully this format will also
give you some unique insights into the day-to-day here at Bitquence.
never felt more optimistic for the future. We have really begun to
distill the work we do into five major tracks which are product,
legal/compliance, technical, marketing and R&D. We’ve welcomed some
incredible new team members to the team, and we’re excited to share them
with you over the coming days.
On the product side,
our new product manager is working wonders streamlining our development
process and incorporating a lot of the feedback that we have been
receiving from the product council.
we are on the cusp of completing a very innovative, new legal model
that incorporates many of the features that blockchain technology
affords in a way that allows us to offer a very large set of services to
a global audience.
On the technical side,
we’re well under way developing what we are calling “Bedrock” — a fully
featured set of APIs for developers and businesses to build complex
applications in the crypto ecosystem. More info on this coming very
soon, but the Bitquence vision is crystallizing in some really powerful
On the marketing and brand side,
our new creative lead has begun to put into motion a plan that will
take us from launch to mass adoption and evolve our approach to make
sure we make our vision a reality and reach as many people as possible.
Finally, on the R&D side… I can’t share what we’ve been working on here yet :) But we’re working hard to do that as soon as we possibly can.
very happy with the team that we have assembled. As the company’s
vision and mission gains steam, we have been seeing more and more
intelligent and passionate people come out of the woodwork wanting to
help and participate in the vision. We welcome all those individuals
with open arms. The company has a very unique energy and
culture — everyone is highly motivated and hard at work to deliver a
truly people-powered, world changing platform. We hope you enjoy the
ride as much as we do.