StarbaseWhitepaperTowardsafutureofeasyinnovationviaBlockchaincrowdfundingandtokenpaymentWrittenbyTomoakiSatoContributorsErnaneLuis ReviewerModified2017/04/03Version0.6.1|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 1 of 53 DefinitionofwordsStarbaseTheplatname;Starbaseisbothanopenandclosedsourceproject.Starbase.Incwilldotechnicalconsultingbyprovidingacrowdfunding/sourcingplatwhichenablesyoutoissueconditionaltokensfromtemplates.StarbaseTokenThetokenwhichisissuedbytheStarbaseteam,andwhichhasconsumable,rewardable,inflationaryfeatures.STARCurrencysymbolofStarbasetoken.Starbasetokendetailisdescribedinthefollowingsection.TokenTokenisafrequentlyusedtermintheblockchainindustryfordatawhichhassomue.WewilluseERC20typetokens,whicharethemostwidelyadoptedtypeoftokensontheEthereumblockchain.CoreteamPeoplewhoaregoingtoprovideorwhoarecurrentlyprovidingsomeserviceorproduct.Possiblecoreteamsarelistedbelow- Globalandinnovativenon-blockchainbasedprojectsSuchasbio-technologyventuresinFrance,anencryptedchatapplicationplatinRussia,FintechcompanyinIsrael,andthosewhoneedrapid,globalgrowthwithalotofsupporters.- Startups,NewbusinessplannersinbigcompaniesAlotofcompaniesandprojectswhichdon’tknowanythingabouttheblockchaintechnologycanjointheStarbaseplatasadecentralizedfundraisingorhumanresourcemanagementsolution.Decentralizedcrowdfundingandhumanresourcemanagementprovideacheap,fast,andglobalwaytocommunicatewithyourteammemberandexpandyourteamaroundtheworld.|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 2 of 53 - Artists/Athletes/TalentsHiddentalentscanusethecryptocrowdfundingsystem.Theycanissuethetokensandsellthem.Aftertheybecomefamousoracquirerevenue,theycanautomaticallyreturntotheservicebyattachingsomerightstothetoken.Forexampleatalentcansellhisowntokenwhichhasconsumablefeaturesandtokenholderscanreceive1hourofservicefromthetalentbyconsumingthetoken.- EventorganizerEventticketscanalsoberepresentedbytokens,andsoldonline.Forexample,ifyouhave1eventtoken,youcanjointheeventandyouwillreceivepartoftheevent’srevenue.SupporterSupportersarethosewhowanttosupportprojectsbypurchasingcoreteam’stokensorbyworkingoncoreteam’sprojects.PossibleSupportersarebelow- Blockchainengineers,designersEthereum,Augur,SingularDTV,DigixDAO,GEMZ,Factom,andmanyothertokenbasedprojectsaredevelopedbyblockchainsavvyengineersanddesigners.TheyunderstandthepotentialofaprojectsincethedevelopmentphaseandcansupporttheCoreteam’sprojectbysharingthelong-termincentivewiththeissuedtoken.- Non-blockchainEngineers,designersEvennon-blockchainengineersanddesignerscancooperateinpromisingblockchainprojectsandiftheybelieveinthepotential,theywillendupsupportingcoreteams’projectsbyusingtheissuedtokens.- BlockchainMarketersSomefamousblockchainmarketers,andblockchain-knowledgedmarketersknowhow-tomarketizeyourtokens.Theywillcooperateinthecoreteam’sprojectbyacceptingpaymentintheissuedtokens.- Non-blockchainmarketersEvenmarketerswithoutblockchainknowledgecanjointhemovementandsupportthecoreteam’sprojectshouldtheywantto.Theywillbepaidinissuedtokens.- BlockchainlegalspecialistsThisisfairlydifficultparttoconduct,buttherearesomeblockchain-specialized|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 3 of 53 lawyersandaccountantsintheworld.Theyknowhowthelegalframeworkoperates,andcanhelptremendouslythecoreteam’sproject.Theycanalsobepaidinissuedtokens.- Non-blockchainlegalspecialistsItmaytakesometimefornonengineers,andnonblockchainuserstounderstandtheblockchainecosystem,butlegalspecialistswillunderstandthepotentialandpossiblysupportyourprojectbyacceptingtheissuedtokens.MilestoneTheMilestoneisatermthatisoftenusedforcrowdsourcingorengineeringpaymentsystems.Milestonepaymentsarerequestedbysupportersandsetbycoreteamstoguaranteethattheworkpaymentswillbepaidaftercompletingacertainmilestone.WorkStarbaseisatokenbasedcrowdsourcingplat.CoreteamscanpostworksandsupporterscandothemforapaymentinBitcoin,Ether,ortheirissuedtokens.Generallythiskindofjobisnotlongterm,butindurationof1weekto6months.Forexample,softwaredevelopment,translation,logodesign,web/mobiledesign,moviemaking,onlineconsulting,financialadvice,legaladvicecanbepostedtoStarbasewiththerelevantpaymentination.EachjobshouldhavemilestonesandforeachreachedmilestoneapaymentcanbesentintheissuedtokensandBitcoin,Ethereum.CrowdsaleCrowdsaleisusedtorefertothesaleoftokenson“InternetofValue”byusingapermissionlessblockchain.It’sglobalandtransparentprocess,whichcannotbemodifiedneitherbythetokenissuerortheStarbaseadmin.EarlyPurchaserBeforethepubliccrowdsale,coreteamsoftenneedtodomarketinganddemoproductdevelopmentinordertoprovetheircapabilityandgetattention.Inthatcase,earlypurchasesystemcanhelpcoreteamsbysellingtheirtokens.TokensaleTokensaleisthegenericnameofearlypurchasecrowdsale.ICOInblockchainworld,therearealotofdefinitionsforthetermICO,butbyourdefinition,ICOisthetimewhentheissuedtokensbecometransferrable.Byusing|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 4 of 53 Starbasetemplates,justafterthecrowdsalephase,issuedtokensarenon-transferable.Afterthecoreteamreleasestheserviceorproduct,thenthetokenwillbecometransferrable,anditcanbetradedonglobalcryptocurrencyexchanges.Thisiswhatwecall“ICO”.SmartcontractWrittenprogramswhichcanberunontheblockchain.BackgroundGlobalprojects,the“InternetofValue”.Source​http// 2016 - 2017 - Starbase All Rights Reserved | Page 5 of 53 Newprojectsintheblockchainworldaremostlybasedonglobalindividuals.Financialincentivesandhumanresourcesaremovingaroundbetweenindividualsquicklyandgloballywithcheaptransactionfees.InthecaseofEthereum,roughly500kpeopleareholdingEthertokens,andtheyaresharingtheintenseinterestandincentiveoftheproject..BackgroundTokenBasedCrowdfundingSolutionCrowdfundingmarketgrowthThecrowdfundingmarketisrapidlygrowing,anditdoublesinsizeyearbyyear.|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 6 of 53 Starbase’sMissionStarbase’smissionistomakeiteasyforeveryonetostartorsupportprojectswhichaimtocreatenewservicesandproducts.Starbaseprovidesacrowdfundingandcrowdsourcing/recruitingplatwhichgiveslongtermincentivesharingmechanismonthe“InternetofValue”.Thecurrentincentive-sharedteammakingsolutionfornewprojectinitiatorsisbasedontraditional,localandslowstockbasedsystem.Therefore,it’sdifficultforcoreteamstorecruitsavvymemberswithoutafairamountofinitialcapital.Evenwhencoreteamswanttosharethestockoroptionsascompensation,theycannotsharelong-term-incentivewithprojectmembersswiftly,globallynoratalow-cost.Currentfundraisingsolutionsfornewproducts/servicesarenotgloballyorientedandareusuallyslow.Additionally,somepeoplecannotacceptpaymentsbecausetheyareunabletoopenbankaccountsorareunabletomakeapromiseasapublicrecord.Wewouldliketocreateanecosystemwhereeveryoneintheworldcaneasilyparticipatebyusingadecentralizedinfrastructure,Ethereum.|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 7 of 53 MeritsforcoreteamsByusingICOsystem,coreteamscanmakerecruitingandfundraisingmoreefficient,global,fast,andcheap-costtransactions.Meritsforsupporters|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 8 of 53 FromIPOToIPOICOAgeTheaboveisavisualizationofthetraditionalIPOtimeline.Itwilltakeabout5yearsforashareholdertosellstocks,beforewhichitisalmostimpossibletosellunlistedstockstosomeone.Inmostcasesventurecapitalsorangelshavetotakeahighfinancialriskforsupportingit.Asimilarriskispresentwiththefoundersandco-workerswhichworkinstartups.However,currentlymanynewprojectsaredoingICOs,andcanselltheirtokensinadditiontoquicklygainmanynewteammembersaroundtheglobe.Thankstothedecentralizedvaluenetwork,permissionlessblockchain,somewherebetween1monthand2yearsafterthecrowdsale,thecoreteams’tokenscanbetradedonpubliccryptocurrencyexchanges,andgetsomereturns..Byadaptingthismechanism,supporterscantakeengageinlowrisksupportofnewstartupsandventures.etothis,newstartupsandventurescanhavemoresupportersglobally,andmaybeabletoeasilyfundraiseabiggeramountquickly.StarbaseOverview|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 9 of 53 ByusingStarbase,coreteams,suchasstartupfounders,newbusinessprojectleaders,artistset.al,willbeabletoissueERC20typetokensontheblockchaininasimpleway.StarbasewillfirstlyfocusontheEthereumblockchainandthestandardtypeoftokens,ERC20tokens.Starbaseteambelievestherewillbethousandsoftokensintheworldtocreatenewinnovations,currentlythereare600tokensand20Bmarketcap,andStarbasewouldliketosupporttokenissuance,salepayment,especiallyforcrowdsourcing.FigureStarbaseoverview1. Starbaseprovidesatechnicalinfrastructureforcoreteamstoissuetokensortogivetokensasworkpaymentsorasalong-termincentive.2. Starbaseprovidesatechnicalinfrastructureforcoreteamstoissuetokensinordertoraisefunds.3. Starbaseprovidesatechnicalinfrastructureforsupporterstopurchasetokensinordertosupportthefundraisersofcoreteams.4. Starbaseprovidesatechnicalinfrastructureforsupporterstowork​forthecoreteamsprojectandreceivetokensaslongtermincentive​.Tokenholdersaremotivatedtoraisethueofsaidtokens.|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 10 of 53 StarbaseInnovativeFeatureswhichcontributespublicblockchaineconomyStarbaseprovidestokenbasedcrowdfundingandcrowdsourcingfornon-blockchainpeople.Inordertoachievethepurpose,weprovidethesefeatures.1. STARAccount2. STARReward3. STARProtectionAndwebelievethesefeaturesmakesmorenon-blockchainpeoplecanuseblockchaintokenbasedsystem,andincreaseblockchainsystemutility.StarbasestartsfromEthereumblockchaintoimplementthesefunctionalities.FromMassolutionCrowdfundingIndustry2015Report|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 11 of 53 StarbaseasaCrowdfundingPlatStarbaseasfundingplatusingblockchain|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 12 of 53 FigureAcomparisonbetweenStarbasewithothercrowdfundingplat.Starbaseprovidesnotonlyaglobal,fast,andsimplefundraisingsolutionatthecrowdfunding,butalsosupportsthepreparationfora“crowdsale”byintroducing“earlypurchasers”.TheCoreteamcanpaytheirissuedtokensforsomejobsorcommitmentsbeforemakingthetokenstransferrableinexchangesaroundtheworld.Thecoreteamscanalsomakeiteasyforsupporterstoacceptissuedtokenspaymentfromcoreteamsbycalculatingandvisualizingthueoftokensissued.StarbasePlatTimelineForCoreteams|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 13 of 53 FigureCoreteamflowwhowouldliketouseStarbaseInnovativeprojectswhowouldliketouseStarbasewillfollowthetimelineoffollowthepartofthistimeline,suchasusingStarbaseonlyfortokenissuance,onlyfortokensales,oronlyforcrowdsourcingworkpayments.1.TokenIssuancePhaseStarbaseConsumable/Rewardable/inflationaryTokenIssuanceTemplatesStarbasesupportscoreteam’stokenissuanceviatheStarbasesmartcontracttemplates.Thecontracttemplateshave3basictypesofproperties;theyare1. Consumable.Utilityvalue2. Rewardable.3. Inflationary.|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 14 of 53 1. Consumablemeansthatthetokenscanbeusedfortheservice/product.ExistingmodelsofconsumabletokensareFactoid,Ether,etc.Byimplementingtheconsumableproperty,coreteamscanofferdiscountforthetokenholders.Afterwards,thecoreteams’tokenholdercanexpecttousethecoreteam’sservicecheaperthanusersafterlaunch.IthasresemblancetoKickstarter.2. Rewardablemeansthatthetokenholderscanreceiverewardsfromthecoreteams.RewardispaidbycoreteamsfromthelaunchedprojectrevenuebytheofEtherandTokensontheEthereumblockchain.Therefore,tokenholdercanexpecttherewardfromthecoreteams,andgetgoodreturnsfromthepurchaseifeverythingisgoingwell.3. Inflationarymeansthatthecoreteamscanissuemoretokensafterthefirstcrowdsalehasfinished.Coreteamscanpaynewlyissuedtokensfortheirplatcontributororsellittothepublicforfuturefinancing.Coreteamcancombinethese3propertieswiththepropertyvalue,andmakesmartcontractforthecoreteam’stoken.Wewillreviewthem,andifeverythingisinorder,thentheStarbasesystemallowsthecoreteamtoissuetoken.Thentheycanstartthecampaign.|Copyright 2016 - 2017 - Starbase All Rights Reserved | Page 15 of 53 Figure1.Consumabletokenissuance.Figure2.Rewardabletokenissuanc