Starbase is an innovative funding platform that helps small projects to recollect enough cash to get started with their operations. In some ways, it is similar to crowdfunding platforms like Indiegogo and Kickstarter.
Investors can invest in projects on the Starbase platform by using the STAR token. By doing so, they will receive an equal amount in the ERC-20 token issued by the project. These ERC-20 tokens act like shares. This means investors that helped to fund a project will receive dividends that are directly proportional to the number of tokens owned. And they can also sell these tokens on cryptocurrency exchanges. Ka-Ching!!
But wait. How can you even get STAR tokens?
3 Simple steps to buy STAR tokens
Starbase is expected to launch in Q4 2017. Around that date, the STAR token will also start to being traded on major cryptocurrency exchanges. However, a couple months before that, a crowdsale will be held. The exact date of the crowdsale (ICO) is still unknown. But it is expected to be in late July 2017.
I have asked about it on the Starbase Slack group and I will update this post as soon as the date is announced.
So, how will you be able to buy STAR on the day of the crowdsale?
- Create your Ethereum address on the Starbase crowdsale website.
- Transfer Ether or Bitcoin to the address you’ll find on that page.
- And that’s it! You’ll receive your STAR tokens now. Please keep in mind that the number of tokens you receive depends on the current ETH (or BTC) price. Right after the contribution period ends you’ll now exactly how many you have.
BONUS: Get free STAR tokens
Yes, you read it right. There is a way to get some of those awesome STAR tokens without investing any capital by purchasing them in the crowdsale.
Starbase offers a bounty program where you can complete tasks that help to grow the Starbase community, in exchange for STAR tokens. The article you are reading right now is an example of things you can do to participate in this bounty.
But the bounty program is not limited to articles.
Some of the things you could do to help grow our community are:
- Making a YouTube video
- Talking about Starbase on forums (like Reddit for example)
- Publishing a post on your facebook page
- Writing a tweet
- Answering a question on Quora
- And so much more!
If you like the idea of receiving STAR tokens in exchange for helping the Starbase community you can get started here.
And that’s all for today, my friends!
Please share your thoughts in the comment section below.
And as always,