Initial Coin Offerings have been one of the most defining aspects of the cryptosphere, amassing millions of dollars every week. These ICOs have opened up the doors to the investment world to many people who would not have been able to do so otherwise as investment opportunities were typically reserved for banks and Venture Capital firms.
Yes, cryptocurrencies still present themselves as a challenge to users who may not be tech-savvy. However, there is an extremely low entry barrier for investors and anyone can buy Bitcoin on 24/7 markets as long as they have a computer or smartphone, a characteristic that is surely a driving factor in the recent cryptocurrency rally.
These opportunities often present themselves as novel projects in which traditional investors may not feel at ease investing. ICOs like Ethereum, Waves, Gnosis, MobileGo and many others are building innovative technology and, as so, have wondered into uncharted territory that investors may not feel comfortable on.
However, a new kind of ICOs are using this same low entry barrier to open up the doors of Venture Capital investment to the average user. People are now able to access investment opportunities that only banks or VC firms would usually invest in, like actual startups or real estate, without the need to invest large sums of money.
We have already talked about ICOs like ZrCoin, in which the funds gathered will be used to kickstart the production and distribution of Synth. ZrО2. We have also talked about Darcrus, token that runs on a buy-back program in which tokens are purchased from the market and destroyed by the company with part of the revenue made from software sales and consultancy services.
Today, however, we are going to talk about two other ICOs that are both coming to the Waves Platform, Starta and PrimalBase, both of which present themselves as familiar investment opportunities but with a “crypto twist”.
Beginning with Starta, a startup accelerator program that will make part of its portfolio available for purchase in a Initial Coin Offering that will see Starta tokens, a Waves Platform asset, issued and destributed to investors. These coins will represent a form of membership in this portfolio/accelerator. So how does it work?
The Starta Accelerator is an acceleration program launched by Starta Capital VC Fund in 2015 as a means to empower Eastern European frontier technology companies by exposing them to the U.S. market and providing training in various areas including defining product/market fit, cultural adaptation, communication, pitch and more.
By identifying and helping these early stage companies with Eastern European R&D roots, Starta is able to enter at up to $2M valuation at the accelerator stage for a company with an MVP and traction in its home country. Starta then plans its exit at a x5 – x10 level , ensuring a high yeld.
In the Starta ICO, users will be able to invest in the portfolio of the “Starta Accelerator 16/17”. Cross Coin, an SPV incorporated in an ICO friendly jurisdiction (Singapore), will issue Starta tokens in exchange for up to $ 5,000,000, which will be used to buy 33% of the Starta portfolio. Users will then receive tokens in a proportional quantity to the money invested. Funds above this amount will be invested in future Starta Accelerator portfolio with similar investment focus.
The portfolio at hand includes multiple startups, mostly tech-oriented (Read the whitepaper to learn which startups are included), allowing investors to buy-into companies instead of buying into an unprecedented project or platform.
The second project, Primalbase, a co-working initiative, allows users to own real estate by holding crypto tokens, which are used as a one-time payment for a workspace. This token represents ownership of the workspace and allows the clients to use, rent or sell the workspace as they wish, making it the first cryptocurrency asset backed by a form real estate. Primalbase members (token holders) have full access to all shared workspaces around the world with premium all-inclusive services.
These offices are located in the top-tech capitals of the world, the first of which is located in the self-proclaimed “West Coast startup capital of Europe” Amsterdam.
Primalbase tokens will be available during an ICO as well in which PBT tokens, an asset issued on the Waves Platform, and distribute it to investors allowing users to buy and own tokens that will initially represent one office space and, as new hubs open, will represent offices in various locations.
To learn more about Starta and PrimalBase visit the official websites: