There are three platform within the StarterCoin were you can easily create your own ICO easily, namely CoinStarter, Businefy and CoinStarterBox.
CoinStarter is a first of its kind technology platform for the ICO crowdfunding market. The platform is user-friendly and its intuitive platform is the perfect fundraising tool that addresses all the issues for entrepreneurs, innovators and creators seeking to bring their ideas to reality. With the help of proprietary devices, users can launch their campaigns and coins in just a few minutes as opposed to the days, weeks and months required by other crowdfunding platforms.
Businefy is a unique business analytics platform that provides all the essential software applications to fully manage all aspects of an enterprise or crowdsale campaign from project management to hiring to payroll and much more. This powerful utility will undoubtedly help our community grow any blockchain enterprise or campaign from early-stage startup to growth-stage company.
CoinstarterBox is the first and original ICO Coin subscription service. Every month we send carefully curated coins of the best ICOs to members’ Ethereum Wallet. This function makes it fun and easy for members to find promising ICOs and get some of their coins significantly below retail prices.
Problems with the ICO Market
As you have probably guessed by now, the ICO market is a little like the Wild West of the financial world. Different countries have different views on how to treat both ICOs and cryptocurrencies. The underlying problem is that there is no real unified regulation around ICOs. Each jurisdiction will have its own set of rules. Conducting and participating in an ICO can be a regulatory minefield depending on your location.
However, this lack of regulatory framework demands as much respect as it does concern. The inherently decentralized nature of cryptocurrencies is designed to ensure lack of involvement by regulatory and government authorities. The Blockchain idea is intended for less regulation, more personal control, and more efficiency. Much like the old traditional peer-to-peer crowdfunding, the new system adds a layer of decentralization. Blockchain allows people to collaborate securely and directly thereby achieving the very best results.
With the lack of regulatory framework around ICOs, the system is subject to erratic behavior by some because of the lack of rules and guidelines. However, Coinstarter recognizes this as a tremendous opportunity to help shape and guide the direction of this new ecosystem.
Another problem is the lack of universal standards. For example, Ethereum and Bitcoin use different back-end technologies to make their transactions work. While this type of diversity is great for Blockchain innovation, the lack of uniformity among developers can create hard to solve problems.
The final problem is cost. To launch your currency by way of an ICO, can run more than $250,000 (some have been known to cost over $1,000,000). Launching involves a heavy development team that would need to be able to customize your coin, platform, wallet and other related blockchain technologies. Also, there is marketing, legal and additional operating cost to launch a successful ICO.
Financial Advantages
The CoinStarter platform is putting a realistic and easy to use solution in the hands of those creators and entrepreneurs who wish to raise funds for a project or business idea.
Current methods of raising funds are poorly designed and suffer the shortfalls of being subject to taxes’ and high fees. Alternative ICO crowdfunding sources suggest that you won’t have to pay any taxes on the amount you raise. That just isn’t always true.
The CoinStarter platform will allow those who have raised funds through an ICO to transfer the money back to them in cryptocurrencies. Users should note that in some jurisdictions when you convert cryptocurrencies into Fiat currency, this then becomes subject to tax. However, each creator should seek advice from their tax specialist for their jurisdiction. We will charge you a small fee of the total funds raised at the end of the campaign in line with our pricing structure (on our website). We will then also ask for a certain amount of the tokens that you have issued as additional compensation for running the campaign using the CoinStarter platform.
Running your own ICO using our platform
The CoinStarter platform is an easy and straightforward method for those looking to crowdfund a project or business. Running an ICO from our platform comes with huge advantages besides the economic benefits mentioned above.
Ongoing Support
Members get continuing support from the CoinStarter community, as well as our online support team for technical help. This combined support allows them to discuss ideas, answer questions, and get support from those who have already carried out an ICO.
Already attracted investors
The CoinStarter platform already has over 140,000 members who are interested individuals who are looking for opportunities in the ICO space. Using the CoinStarter platform will allow creators to showcase their ideas to some of the most technologically forward-thinking individuals on the planet. Because Venture Funds and Financial Institutions have yet to embrace Cryptocurrencies, the people paying attention to CoinStarter are those who have the foresight to see a remarkable opportunity. These are probably the kind of people creators of campaigns want to look at their projects.
Simple fee structure
Creating an account on CoinStarter is free.
CoinStarter license fees are as follows:
(a) fee of 500 StarterCoins for launching a project on the CoinStarter platform;
(b) 5% of the total campaign raised;
(c) 5% of any newly issued token on the CoinStarter platform.
All license fees charged by CoinStarter are carried out with the help of smart contracts and are non-refundable.