Topic: 🌟🌟🌟🚀[ANN][04.07] ICO Starta - Cross-Coin Venture capital on the blockchain🌟 - page 49. (Read 153169 times)

I am not from the team, but I did pick up some STA post-ico around $0.50. I am familiar with the space as I used to have a career in investment banking dealing in asset management. Things take time in the venture capital world. This is not a network coin where the value will go up with more users/exchanges and it never claimed to be. But I will say this coin is trading well below its book value right now and it's due to the fact of having little exposure and ICO investors having no idea what they bought in this offering and selling in an illiquid market. I'm not sure about the exact buyback times, but I think you may be correct that they will occur every quarter but only AFTER exits from their portfolio companies and this will most likely take another year for the first exit, if not multiple years.

As investors, we can look forward to possible bonus buybacks and/or tokens in the meantime. I know CND has a vesting period of 1 year, but the other ICO tokens may not have vesting periods and we may get distributions and/or buybacks sooner. We have to await the news for each specific ICO. The team updates in telegram from time to time. You can look at this token as a small hedge to a cryptocurrency portfolio as it has real world crossover (dealing with fiat money). One should not expect it to follow the cryptocurrency market in general.

Are you from the team or related closely to them? How do you know such information about the exit position for a portfolio? I was of the opinion about buyback happening every quarter.

Many top 100 coins on big exchanges are down the same amount percentage wise from July (the date of STA ico). Look at SC or GAME for example. Those are two I own, but there are probably another 25 in the top 100 down more than half in USD/BTC value since July. It has nothing to do with exchanges.

Yes, the STA team could communicate better. But as I said in a previous post, there is little for them to say at this point. They won't perform buybacks until they exit their positions from companies in their portfolios and the ICO tokens they received from companies they had minority stakes in are likely locked up for 1 year due to the vesting period as was stated for CND before they are able to sell them and buy back STA with the proceeds.

There is no good news with this project from the start.The ICO started off very well with 1$ per token and within a day or two, it was over.Next was the exchanges to be listed which did not happen and only tidex, waves dex were listing it at the start.Now the price is less than half a dollar at 0.42cent.Don't blame BTC for this, the team is to blamed for the price to suffer this much.

That's good blog post, thanks. Hope they will be more open what will they do with those share they got.

Starta’s portfolio companies raise $20M through ICO

https://medium.com/@startaventures/startas-portfolio-companies-raise-20m-through-ico-b7967c5bf20f

Is there any clear roadmap or whitepaper where is explained how token holders will get reward from ICO from startup provided by Starta Accelerator?

If you purchased at the ICO stage, that is about right. And you can be sure impatient investors who sell now are basically giving their 5 million in capital and the value of their tokens currently straight to the pockets of Starta Holdings and potentially their friends and family as STA knows exactly when they will exit their positions and when buybacks will be performed. They know approximately the real book value of what the STA token encompasses and they can wait for the market to depress before buying in on their own positions before the rounds of buybacks start. Whether you like it or not, the crypto market is ripe for insider trading and impatient people will get slaughtered in a project that has crossover in real world businesses and companies.

No, you won't get these tokens. Information from telegram is as follows:


Dear All!
Cross Coin and Starta Accelerator to pioneer new VC tools with first STA token buyback following Cindicator tokensale

7 September 2017
New York – Singapore

Funds raised through a tokensale by one the project’s portfolio companies will be used to deliver value to Starta token holders

Throughout the month of September, hi-tech startup Cindicator (CND), which is part of the Starta Accelerator portfolio, will be selling cryptographic tokens in two successive rounds. A proportion of the new tokens will be transferred through Starta Accelerator to Cross Coin, the company through which $5 million was crowdfunded for investment in Starta Accelerator’s portfolio. Holders of Starta tokens (STA) released by Cross Coin will, for the first time, benefit indirectly from the distribution of the portfolio companies’ tokens. Cross Coin will repurchase STA tokens from the open market using proceeds from the sale of its share of CND tokens.

In accordance with Cindicator’s terms of placement, 18% of CND tokens released will be distributed to the company’s shareholders. Around 5% of these, or approximately 0.9% of the total number of new tokens, will be distributed to Starta Accelerator, one of the shareholders. In turn, Starta Accelerator will send a third of the received tokens to Cross Coin Pte, a Singapore-based company, in proportion to its share in the SPV ‘Starta Accelerator 16/17’.

Cross Coin intends to sell the CND tokens received from Starta Accelerator to a strategic investor – taking into consideration the conditions of the one year vesting imposed on these tokens – and to use the entirety of the proceeds to buy Starta (STA) tokens.

‘This is a new mechanism developed by us specifically for participants of venture-based token sales and providing an opportunity to participate in the portfolio’s startup businesses. Participants of Cross Coin’s token sale will be able not only to expect profits from startups’ exits, but also to participate in intermediate buybacks by passing through all stages of growth for each of the 21 startups in the investment pool and new startups, which will enter the accelerator portfolio in the future,’ comments Alexey Girin, co-founder of Starta Accelerator and the Starta Capital VC Fund.

STA tokens will be bought back from the market in WAVES and BTC. Starta tokens will be repurchased at a market price, within one month from the date of funds from the sale of Cindicator tokens being credited to the Cross Coin wallet designated for the buyback procedure. The technical possibility of transferring CND tokens from Cross Coin to the buyer’s (strategic investor’s) wallet will be possible only after vesting, with a period of one year applied on these tokens.

At the same time, Starta Accelerator will maintain a share in Vote Inc, a shareholder of Cindicator, and expects to continue receiving profits as far as Cindicator develops. CND tokens are infrastructure tokens for the Cindicator technological ecosystem. The distribution of tokens should be considered as a ‘bonus’, rather than an exit from the Cindicator project.

The process of buying STA tokens back is carried out on the initiative of Starta Accelerator. Cindicator does not have any obligations to owners of STA tokens or to Cross Coin Pte. CND tokens are not a type of security, and they are prohibited for sale or transfer to citizens or residents of the USA, Singapore and a number of other countries.

so BTC wise, we suffer 80% loss?

Sorry, but you are wrong.

At coinmarketcap the price is clearly converted directly into dollar value. At this moment it is $0.552969

https://coinmarketcap.com/currencies/starta/

So everyone who invested in the ICO lost at this point around $0.45 on each token.

you are still in profit..
at the time of starta ico, bitcoin price was below 2500$
and currently bitcoin price is double.. so USD wise you are in profit

What was the average price per token during the ICO? And back to the question about those holding periods: I believe it will take a lot of time until they can sell a project at a profit and distribute the income to the holders. If I understand correctly they also invest into projects which have nothing to do with blockchain. And many other industries are rather slowly progressing. If they make good choices then there might be good returns, but it will still take time for any investment outside the crypto world to turn into a huge profit I think.

It seems we will be seeing some action soon

All would be good if the team did not keep silent and informed all investors of their plans. It is still not clear how investors will profit from the project.

Anryze and Cindicator did good job on their ICOs. We'll see how it'll affect our STAs

The price is really depressing.
It should be 2 USD now, since the BTC price has more than doubled.
I hope Starta holders can get these tokens.

In they announcement is not provided information about exact date of buying back tokens from market.  Two or three ICOs from their portfolio already ended, so I think it should be soon..

Any news about Cindicator buy back program? And when will be that? What about other projects invested by Starta? The price sucks, I need 1 usd to be back.