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.
“It’s not a stretch to say the
whole financial industry revolves around the compass point of the
absolutely safe AAA rating. But the financial crisis happened because
AAA ratings stopped being something that had to be earned and turned
into something that could be paid for.”
Bitquence platform will decentralize the risk and quality analysis
process making the new economy more accessible and fair to all. Whenever
a centralized authority has the ability to manipulate ratings they must
either have absolutely not conflict of interest or they will eventually
become corrupt. One of the primary factors behind the 2008 Financial
Crisis was centralized, corrupt risk ratings agencies giving bad
investments good ratings. This allowed many large financial institutions
to knowingly pass off toxic assets at high premiums to investors who
simply trusted what they believed to be independent risk analysis.