Starta Token Sale: Tokenized membership in an Eastern European venture capital fund - Smith + Crown

Starta Token Sale: Tokenized membership in an Eastern European venture capital fund

The Starta accelerator program is a project launched by Starta Capital VC fund in 2015 with the goal of helping eastern European startups gain exposure to United States markets.

Project Description

The Starta accelerator program is a project launched by Starta Capital VC fund in 2015 with the goal of helping eastern European startups gain exposure to United States markets. The Starta Accelerator 16/17 LLC is a $3 million SPV consisting of a 7 percent stake in 21 post-product stage technology startups (with an average valuation of $2 million).

Starta Coin (STA) will represent a 33 percent ownership in the Starta Accelerator 16/17 with a 2.5 percent management fee. 15 percent of the Starta Coins will be reserved for the founding team. Profits from the fund will be distributed to token holders through a token buy back program.

Project Details

Incorporation status: CrossCoin LLC, Singapore, 2017
Team openness: Discoverable external profiles, public acknowledgement of involvement
Blockchain Developer: Unclear
Technical White Paper:        Yes, but with translation issues
Available Project Code: Not available
Prototype: Not applicable

Token Details

Role of token: Proof of membership
Token supply: 1.5 billion
Distributed in tokens sale:        1.475 billion
Emission rate: No new coins created
Blockchain: Waves
Consensus method: Proof of stake

Sale Details

Sale period:  June 22nd, 2017 to July 22nd, 2017
First price: $1.00
Accepted currencies: Unclear
Investment Round: First public offering
Token distribution date:         3 days after token sale
Min investment goal: $1.5 million
Max investment cap: $5 million
How are funds held: Escrow wallet
Minimum Viable Product: Not applicable

Official Resources