Interested in this project.

Can anyone please explain how the staking works - the mechanics rather than the rational.

ie:

Trade executed -> fee for trade sent to xxxxx where it pools for fortnightly payouts

FYI folks.

Think it's a bit easier to get an answer on the telegram

https://t.me/starta_ico

Still not great but a little better than here.

and as a follow-up

What I have been saying all along - an understanding of the value of the underlying assets is way more important here than the exchange listings (in the grand scheme of things anyway)

exchanges are not a magic bullet for price increases

Who is going to trade an asset without an understanding of what its worth? (I know, I know.... loads of folks in the crypto sphere)

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

_______________________________________________

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.

Agreed - Something similar to what the first poster has described would have answered pretty much all the questions re: valuation of underlying assets that I have raised in the last 10 pages or so of this thread.

Also, there is a slack? Doesn't seem to be listed or referenced on the website.

Thanks for the response.

How exactly will any token distribution from an underlying asset work?

Thank you for your response.

Further query on one point, you say:

"Also, if startups from the portfolio issue their own tokens and distribute them among the team, shareholders and so on, then a part of the issued tokens will also be distributed to the holders of Starta tokens"

So back to suretly - they are issuing tokens - does this mean that Starta token holders will be allocated SUR.

Also reading their whitepaper and their financial plan, Suretly will make a quarterly payment to SURcoin, ie the company that is running the current ICO for 15% stake. Is there any dividend/distribution for Starta or other pre-existing capital partners?

And if so, how will this be split and distributed to token holders.

More questions - the starta token holding community now effectively have a stake in each of these 21 companies. Who represents us and our interests with each of these companies? Will the community have the opportunity to vote on anything that would need to be run by the shareholders of each of these 21 companies. The decision to raise more capital by (venture or ICO) would be something you would expect a shareholder vote on for example. Who represents the starta token holder community in these votes?

Let me make this very clear, i don't care about nonsense with exchanges, I don't care about pump and dump.

I invested because I felt there was a clear investment to growth opportunity here. Very few ICO's come to market with a working product, much less a hand in multiple working products and many others on the cusp.

There is a clamor for exchange this, exchange that... madness

The truth is nobody can accurately value the token without an understanding of what the underlying investment is worth. So the exchange valuation (good or bad) is worthless. Without info the token is figurative at best (if i was an auditor I would take a dim view of not being able to quantify the estimate cost of your assets, very dim). 

Twice when asked (3 time if I'm not being charitable) you guys have not disclosed the impact of an ongoing ICO in an underlying holding may have on the starta token holders.

Can you please explain how the suretly (1.8 USD raise and counting) impacts our holdings???

From their whitepaper: "Suretly is planning to raise between $1.5 - $10 million USD in the next round of
financing by selling 15% of its shares"

Soooooo that values a 7% stake (the starta stake in the company per the starta webpage) at 800,000k. Given 1.5 mil to the 21 initial incubator companies is a return of over 10x

((1,800,000/15*7))/(1,500,000*7%)) = (current ICO/capital offered * capital held) / capital advanced


from the previous dismissive response "projected average 10 X return per company"

Funny: guy who backed up this dismissive post didn't even blink at the idea that 21* starta holdings were $1.9 million each, as suggested by the response ("go look at the website" I was told). Again I'll leave up to calculator kids to see how ludicrous this is (and how fucking stupid this supporter was) give the 21 * initial investments only accounts for 1.5 mil of the 5 mil raised at token sale. **clue** if the 1.9 valuations per investment were correct you FOMOs would be half way to the moon and  and not worrying about the next sig to display.
 
It is actually baffling to me that nobody else is asking these questions about underlying assets and are all fixated with bounty and exchange - true target audience should have been holders with sense, the could have been utilized to vote on future offerings, but no, they all seem to be pump and dumpers.

not a single question about valuation of underlying assets
not a single question about the "returns model" as described by the white paper

Just a shed load of bounty and exchange questions from people too stupid to see that sale of one of the 21 seed companies and a return to investors would benefit the value of their investment more than any listing on polo et al.


It actually pains me that there is so many FOMO and, to coin a new one, "No Understanding of the Investment Made" (FOMO + NUIM= worst people ever) folks that will benefit x times over my investment if this all pans out well

OK so. back to question one.

Suretly is currently having an ICO, last time I checked it had raised 1M+.

Please explain where this money sits in relation to the Starta capital.

- Is it being raised to pay off venture capital like starta
- How much of the capital will it account for? if the ICO represents  a sale of 30% of the company for we can speculate the overall value, and hence the true current market value of the starta investment, and thus inform ourselves on the valuation of the investment.

Simple questions that you surely have the data to respond to at hand.

Again why are people so fixated on exchanges? 

Can the team please provide detail about the valuation of the underlying portfolio, and the planned exit points from those incubator investments.

This will let people put a value on the token.

Does everyone in crypto just think "make token, get it on big exchange, ............., profit"??

Nobody in their right mind would pay for your tokens unless they feel the value of the assets the token represent are correct.

Starta team - can I get a response on this please.

Also can you please create a live document with:
1. current valuation for each of the 21 companies in portfolio
2. Details of the proposed exit points (company ico, sale in traditional markets etc)

all the talk here to date is about the price of the token, amazed that nobody is asking a single question related to the value of the underlying assets??? 

Thanks 

Hi all,

One of the 21 companies in the starta portfolio is raising funds via a crowd sale.

https://www.ico.suretly.com/

Does anyone have any idea how this will impact CRS tokens? Will funds raised be used to provide Starta a return on investment, and by extension CRS token holders?

Thanks.
Paddy