Starbase (STAR)

Starbase, the crypto

Starbase (STAR) is a decentralized platform that aims to connect innovative startups with people who can support their fundraising campaigns by providing financing, skills, or resources. It uses blockchain technology and smart contracts to allow startups to create their own tokens, which can be distributed to backers in exchange for their investments.

The point

The main point of Starbase (STAR) is to democratize access to finance for startups and SMEs, regardless of their location, size, or industry. By using blockchain technology and smart contracts, Starbase aims to reduce the costs and risks associated with traditional fundraising methods, such as venture capital, angel investing, or loan applications. Moreover, Starbase intends to create a network of backers, experts, and users who can support the startups beyond the funding stage, for instance, by offering mentorship, feedback, or beta testing.

The problem

Starbase (STAR) tries to solve several problems that make it challenging for startups and SMEs to access finance. Firstly, it addresses the issue of geographic and cultural barriers that prevent startups from getting funding from traditional sources. Secondly, it tackles the problem of high transaction costs and fees associated with fundraising campaigns, which can eat up a significant part of the capital raised. Thirdly, it aims to solve the challenge of trust and transparency in the fundraising process, by using blockchain technology and smart contracts to automate and validate the allocation and distribution of tokens to backers.