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Introducing Community Sale Mechanism on Starship

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Published Jan 30 2024
Updated Jun 21 2024
6 min read

Starship started its journey with a small and dedicated community of crypto adopters. This founding ground has nurtured and fueled us to build Starship as a community-centric fundraising platform. Today, we are proud to share our Community Sale Mechanism, the tailored approach for the community to invest in long-term builders.


The Struggle for Early Investment Access

In recent years, the crypto market has grown exponentially, with promising projects and digital assets capturing the attention of investors worldwide. While the allure of early investment in cryptocurrencies is undeniable, the journey to gain access to these opportunities is not without its challenges

Finding legitimate and promising projects in the vast sea of cryptocurrencies is akin to searching for a needle in a haystack. Scams and fraudulent schemes are prevalent, making it challenging for the public to identify trustworthy investment opportunities.

Also, early access is often shrouded in exclusivity. Some projects choose to fundraise themselves only within closed networks or through private channels, creating a barrier that is hard for outsiders to break through. The closed nature of these networks not only limits access but also contributes to an air of mystery around projects, fueling the challenge of discovering them before they gain mainstream attention.

Additionally, early-stage projects, by their very nature, may not fully comply with existing regulations. This exposes investors to potential legal risks as they engage with projects that operate in uncharted waters. The lack of regulatory clarity at this early stage raises concerns about the legitimacy and accountability of these ventures.

Amidst the challenges, Starship emerges as a community-driven fundraising platform that hosts curated projects, offering a flexible and tailored approach for the community to invest in every stage of a project's development.

Starship Community Sale: Flexibility as A Key

As a multi-chain community-driven platform, we introduce several mechanisms that redefine the way projects raise funds and communities engage with promising initiatives.

With four distinct mechanisms - Guaranteed, FCFS (First-Come-First-Serve), Lottery, and Subscription - we empower builders to choose the most suitable fundraising method for their specific needs, while participants can engage in sales that align with their preferences and risk tolerance:

  • Guaranteed: Guaranteed lets you secure tokens at a fixed price before the crowds arrive. Securing your front-row seat at a project's token sale guarantees early access and potentially substantial long-term rewards. The specific token scheme will follow each project’s decision.
  • First Come, First Served: A predetermined number of tokens are allocated for the sale and are offered at a fixed price. Allocation priority is solely based on the order of your participation until it reaches the fundraising goal.
  • Lottery Sale: With each ticket, you have an equal shot at securing a token allocation, creating a transparent and inclusive environment where anyone can potentially have a chance to invest in good projects.
  • Subscription Sale: In this format, you can contribute a certain amount of token, such as C98 or VIC, to a token sale, with the allocation of the new token based on the proportion of your C98 contributions to the total C98 contributions made by all participating users.

With a minimum fundraising goal of $1,000,000, we empower builders to establish achievable targets while ensuring that communities have the opportunity to contribute meaningfully to the projects' growth. This approach fosters a healthy fundraising ecosystem where projects can secure the necessary funds to thrive and communities can actively support ventures they believe in.

Unlocking More Opportunities with Starship NFT

Starship NFT is a collection of 10,000 NFTs that serve as your key to unlocking exclusive opportunities within Starship’s Community Sales. Starship NFT holders will have prioritized projects' token sales with the exclusive pool called Starship NFT Round.

By participating in the Starship NFT holders' pool, you can benefit from reduced competition from the public, enhancing the likelihood of winning the token allocation. This structure aims to provide an equitable and favorable environment for our dedicated community members, recognizing their ongoing support and commitment. The separation of pools ensures a fair distribution process, aligning with our commitment to transparency and inclusivity in our Starship Community Sale.

As Starship NFT opens up more opportunities for our dedicated community members, more exclusive perks will be unlocked along the way. Stay tuned for further announcements as we continue to expand the Starship ecosystem and shape the future of the decentralized fundraising landscape.

Lastest update on 17 June, 2024 at 6:00PM (UTC+7)

About Starship

Starship is a community-driven multichain fundraising platform designed to offer the community a fair chance to access potential high-quality projects while serving as a reliable bridge between investors and truly long-term builders. Also, Starship supports promising teams to make their mark on the Web3 world.

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Legal notice

Starship is a digital ecosystem facilitating connections between users and Projects within the scope of crowdfunding initiatives involving the sale of Projects’ Utility Tokens.

1. Purpose and Disclaimer: The information provided is not intended to be financial, trading, or any other type of advice. No warranty, express or implied, is made regarding the adequacy, accuracy, or completeness of the information presented. By using the Platform and/or the Services offered, you explicitly agree to adhere to Starship's Terms of Service and Privacy Policy (collectively referred to as the "Terms"). All capitalized words in this Legal Notice have the same meaning as defined in the Terms.

2. Nature of Services and Project Tokens: The Services and Project Tokens, expressly do not constitute securities, units in a business trust, units in a collective investment scheme, capital markets products, or any other regulated investment product in any jurisdiction. The information provided and the Terms are not a prospectus or an offer document and do not constitute an offer of securities or a solicitation for any regulated investment.

3. Regulatory Approval: No regulatory authority has examined or approved the Services and the Terms. Starship has not taken any action to obtain such approval under the laws, regulatory requirements, or rules of any jurisdiction. The provision of the Terms does not imply compliance with applicable laws, regulatory requirements, or rules.

4. Risks Associated with Blockchain Technology and Crypto-Assets: Blockchain technology and crypto-assets entail significant risks, including the potential loss of all value allocated to crypto-assets. These risks stem from the novelty of the technology, regulatory uncertainty, the possibility of hacking, high market volatility, and information asymmetry in the crypto market. It is crucial not to invest funds that you cannot afford to lose.

5. Advisory Recommendations: Users are strongly encouraged to seek financial and legal advice regarding the use of crypto-assets and the Services offered. IF THERE IS ANY DOUBT ABOUT THE APPROPRIATE COURSE OF ACTION, USERS SHOULD CONSULT THEIR LEGAL, FINANCIAL, TAX, AND/OR OTHER PROFESSIONAL ADVISORS.

6. Restricted Location: Starship's Services are not available for individuals or entities who are citizens or permanent residents of, have a primary residence in, or are physically located in, formed or incorporated within, or subject to the laws of (i) the United States of America, the People’s Republic of China, Macau SAR, Republic of Cuba, Democratic People’s Republic of North Korea, Islamic Republic of Iran, Libya, Republic of South Sudan, Republic of Sudan, Syrian Arab Republic, or the Crimea, or its territories or possessions, (ii) any country (A) where participation in the Services is prohibited, restricted or unauthorized in any form and/or manner whether in full or in part under the laws, regulatory requirements, or rules in such jurisdiction, or (B) where it is likely that the sale and purchase of the Project Tokens would be construed as the sale and purchase of a security (howsoever named), financial services or investment products, and (iii) any other restricted countries listed in Starship’s Terms of Service.

Please be reminded that, in all matters, the Terms take precedence and are the final and definitive documents to be relied upon.