Some questions for the team:
- 5,058,033 USD raised (so 5,058,033 tokens issued at 1USD : 1token). How many tokens are allocated to phase 3 projects (ie the 21 start-ups advertised in the whitepaper). 1.5mil?
- how were crosscoin paid their 5% ico fee. Did ye destroy 5% of 5,058,033 tokens or are they holding 5% of all tokens.
- is it possible at all to get a most recent valuation of these 21 start-ups? Suretly for example must be valued at approx 13m USD based on what they have raised to date in their ICO for 15% of their shares.
- how exactly will buy backs function. Will the community send back their tokens to an address and be return a pro-rata reduced STA holding + eth/btc/other representing the return on the startup stake disposed of?
The whitepaper has disappeared from the website, which is extremely unhelpful.
I would really appreciate an answer on these items.
Thanks
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Edit: For everyone else
I'm asking the above to attempt to put a correct valuation on the price of 1 STA.
Based on:
- 5,058,033 raised (of which I'm assuming 250k gone in paying crosscoin their 5% ico fee) leaves capital of 4,805,131.35
- 1.5m allocated to phase 3 start ups on a pro-rata basis across 21 startups ( 71,428.57 tokens /USD per startup) for 33% of the original accelerator investments
- this is an auto loss of 600k ish (paying 1.5m for 33% stake that cost approx 900k) - but thats the premium we pay to enter at the level we do (which is a very attractive level to enter)
- factoring in the estimated valuation of suretly based on their current ICO. Currently raise 1.9m USD for 15% of assets so approx company valuation of 12m USD
SO.......
1STA (with just the suretly adj) should be valued at approx 0.90 USD
Do not sell your STA for anything less than this!!!
An approx valuation 0.90 USD is also a very very very conservative valuation of 1 STA, due to the fact that I'm valuing all other 20 startups at their 1.9m ICO est valuation.
More than happy to produce an ongoing 1 STA valuation (and share calculations), but need the STARTA team to share a bit more information about current valuation of underlying assets.