Introducing Starship Insurance Fund (SIF)
Dear Starship community,
When building Starship, we strive to be the community-driven fundraising platform, aligning the interests of both projects and participants. We envision Starship as the platform where community members get access to premium dealflow, research and develop convictions about projects, and where projects seek not just mere monetary support, but also community value.
However, we do understand that the community remains the most vital part of our vision and journey. As a result, we have decided to roll out the Starship Insurance Fund (SIF).
The objective of SIF is to protect our investors' interests and create a trusted fundraising environment. This policy is designed to uphold the standards of quality fundraising and reflect our commitment to fairness and transparency for the community.
Moving forward, here are the guidelines for the Starship Insurance Fund:
- Condition to activate SIF: If the average price over the 7 days following the TGE is below the "sale price on Starship", users will have the option to request for SIF activation.
- The claim can be worth up to 100% of your initial investment. The conversion rate will match the rate raised on Starship.
- The claim window will be open for a maximum of 7 days.
- Note: The wallet used to return the project token must be the same wallet used to claim the vault.
We hope this initiative addresses your concerns and reaffirms our commitment to fostering a transparent and trusted fundraising environment for the community.
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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