Quote from: Pipesnake on October 31, 2017, 11:36:41 AM

Quote from: cryptokyle on October 31, 2017, 09:58:15 AM

Quote from: anirgu on October 31, 2017, 08:12:44 AM

Quote from: BTCGOLD on October 28, 2017, 06:41:16 PM

Quote from: vortexz on October 28, 2017, 06:18:44 PM

Quote from: cyrixcer on October 26, 2017, 02:35:24 PM

Any news about Cindicator buy back program? And when will be that? What about other projects invested by Starta? The price sucks, I need 1 usd to be back.

you are still in profit..
at the time of starta ico, bitcoin price was below 2500$
and currently bitcoin price is double.. so USD wise you are in profit

Sorry, but you are wrong.

At coinmarketcap the price is clearly converted directly into dollar value. At this moment it is $0.552969

https://coinmarketcap.com/currencies/starta/

So everyone who invested in the ICO lost at this point around $0.45 on each token.

There is no good news with this project from the start.The ICO started off very well with 1$ per token and within a day or two, it was over.Next was the exchanges to be listed which did not happen and only tidex, waves dex were listing it at the start.Now the price is less than half a dollar at 0.42cent.Don't blame BTC for this, the team is to blamed for the price to suffer this much.

Many top 100 coins on big exchanges are down the same amount percentage wise from July (the date of STA ico). Look at SC or GAME for example. Those are two I own, but there are probably another 25 in the top 100 down more than half in USD/BTC value since July. It has nothing to do with exchanges.

Yes, the STA team could communicate better. But as I said in a previous post, there is little for them to say at this point. They won't perform buybacks until they exit their positions from companies in their portfolios and the ICO tokens they received from companies they had minority stakes in are likely locked up for 1 year due to the vesting period as was stated for CND before they are able to sell them and buy back STA with the proceeds.

Are you from the team or related closely to them? How do you know such information about the exit position for a portfolio? I was of the opinion about buyback happening every quarter.

I am not from the team, but I did pick up some STA post-ico around $0.50. I am familiar with the space as I used to have a career in investment banking dealing in asset management. Things take time in the venture capital world. This is not a network coin where the value will go up with more users/exchanges and it never claimed to be. But I will say this coin is trading well below its book value right now and it's due to the fact of having little exposure and ICO investors having no idea what they bought in this offering and selling in an illiquid market. I'm not sure about the exact buyback times, but I think you may be correct that they will occur every quarter but only AFTER exits from their portfolio companies and this will most likely take another year for the first exit, if not multiple years.

As investors, we can look forward to possible bonus buybacks and/or tokens in the meantime. I know CND has a vesting period of 1 year, but the other ICO tokens may not have vesting periods and we may get distributions and/or buybacks sooner. We have to await the news for each specific ICO. The team updates in telegram from time to time. You can look at this token as a small hedge to a cryptocurrency portfolio as it has real world crossover (dealing with fiat money). One should not expect it to follow the cryptocurrency market in general.

cryptokyle

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