Hmm so apparently Coinstarter is a crypto currency version of https://www.kickstarter.com/ that raises funds for various projects. There is a free giveaway of the tokens for there ICO project for an unknow reason.
This is what the website states :
We are solving a problem
ICO's often times raise millions of dollars without having a product or even a team capable of building the product they promise. The past shows, that most of today's billion dollar companies has started out with less than $100k initial investment.
At CoinStarter, we are dedicated to allow buyers to diversify their portfolio by making a smaller investment first and make larger investments for products that actually deliver. We believe that companies aren't going to be successful because they can build a smart contract - they may not be techies but still be great in their field. We exist to help companies in all industries gain access to coin based fundraising, we'll help them connecting them to you, and the blockchain.
We've created a streamlined process for new ICO's.
Stage 1 - Angel Round
Projects without proven track record must start an Angel Round. After the Angel Round they can start a Series A if they succeed at delivering their promises. Angel rounds are capped at $100k worth of Bitcoin. After an Angel Round the company may proceed to Stage 2 or Stage 5.
Stage 2 - Series A
Projects that deliver a product and has a promise to grow, will be able to start a Series A.
Existing companies with a proven track record may be able to start a Series A without an Angel round. After Stage 2 the company may proceed to Stage 3 or Stage 5.
Stage 3 - Series B
If the the company is succeeding but needs more cash in order to achieve their required growth rate they may start a Series B. After Stage 3 the company may proceed to Stage 4 or Stage 5.
Stage 4 - Series C
This is an optional stage that may need for some companies.
Stage 5 - Coin released to the public.
So I think Coin Starter has potential to improve the quality of ICO's. Most ICO's are so sketchy.
Also, it is important to mention that the platform works of Waves.
If you would like to support me and receive 50 tokens 800=1BTC then please sign up using this link :