Introducing BSCstarter — a 100% community-oriented fundraising platform for Binance Smart Chain

Starter Labs
5 min readFeb 25, 2021

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Rugs can easily overshadow the great potential of our growing ecosystem. We are here to present the community with tools to help change that.

A simplified user experience for BSC degens, apes and chads/chadettes to enjoy investing

BSCstarter: An Introduction

Innovation for bootstrapped projects has been grinding to a halt on the Ethereum blockchain. Exorbitant gas fees has nearly caused new project launches to stall and existing projects to lose user engagement — staking, claiming, and normal trades are costing ETH users hundreds in transaction fees.

And this trend will likely continue.

But innovation cannot be stopped. Over the past several months, developers have sought lower-cost options to deploy their experiments. The Binance Smart Chain (BSC) has become the go-to platform for new product launches based on Solidity, and for existing projects looking to stay alive.

BSC launchpads today are too bureaucratic — they require KYC and a manual selection process that is a reminder of the old barriers that have traditionally kept new innovation only accessible to the rich.

We believe communities are an important contributor to addressing many of the worlds problems. We believe, that given the correct tools, communities can come together and take matters into their own hands.

That is why we have developed BSCstarter — it is a community-governed launchpad for raising capital for BSC projects, that isn’t filled with government red tape and KYC rules. Instead, it is the BSCstarter community that will determine which projects to list. It is the BSCstarter community that uses their collective due diligence and DYOR skills to vote Yes or No on projects coming through BSCstarter looking for funds.

Let us filter through the messy landscape where rugs overshadow the great potential of our growing ecosystem on BSC.

Join the first community-oriented network for raising capital that will quickly become the go-to place to find the next high quality gems who are looking for an affordable place to call home for their smart contracts.

Designed by the people, for the people — not for centralized teams owned by establishment suits and VCs, or simply for the rich to get richer.

We empower our community with the tools they need, and place trust in their experience to perform due diligence and DYOR before voting YES to list platform presales

For Developers from All Walks of Life

Unlike some of the other options available, the team behind BSCstarter does not server as gatekeepers of the platform. Neither do we perform KYC or similar vetting to hand-pick projects for our establishment suits and VCs who attempt to continue getting ahead of us. Instead, developers from all walks of life are invited to self-submit their presale on BSCstarter — no approval needed from centralized teams controlled by investment funds!

Listing your project is easy, and available to all

For Investors from All Walks of Life

The team behind BSCstarter appreciates the DeFi community that has helped carry the industry for the past year, because they are us! We are the devs, the degens, apes, and chads/chadettes who are finally given a chance to invest in innovation that provides us with liberty, freedom, and equal opportunity for all. That’s why BSCstarter has an open door policy, where anyone who trusts the peer-review of projects from their follow community members, can participate in any presale on the platform.

Participating in BSC presales is easy, and available to all

Designed by the people, for the people — not for centralized teams owned by establishment suits and VCs, or simply for the rich to get richer.

$START Incubator

In the traditional world of startup incubation, project leaders are usually given a small investment after successfully completing their incubation program. They are also given the opportunity to raise more rounds in the future via lead investors and their networks if they continue to execute as original pitched.

BSCstarter is replicating this exact concept and applying it to the decentralized community on Binance Smart Chain. Together with our hive minds and experiences, our community is collectively responsible for:

* Performing due diligence on every submitted application

* For community members holding at least 1,000 START tokens, approving or denying applicants

* Any community and non-community member can invest in approved START projects

* Community members can approve a future grant of 100 START tokens if the project is on track as promised one month after the sale

* FREE audit for projects who successfully complete a raise, by a trusted community auditor not corporate suit auditors

There are no special conditions — every project approved by our community is automatically given a 100 START token Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap.

THIS is decentralized fund raising as it was intended to be: community-driven, open and free with equal opportunity for all.

Holder Benefits

Wondering what are the benefits of being a START HODLER? At launch, here are some of the amazing benefits available to all!

* IDO PARTICIPATION: Hodlers staking at least 100 START tokens can participate in future IDOs on BSCstarter

* VOTING POWER: Hodlers staking at least 1,000 START tokens can vote to approve or deny projects on BSCstarter

* EARN BNB: Hodlers staking at least 1,250 START tokens earn rewards from a 2% BNB fee applied to every sale that reaches its softcap

* HODLER DISCOUNT: Hodlers staking at least 1,250 or more START tokens automatically qualify for a 10% discount on presale prices

* FUTURE BENEFITS: as we acquire the financial resources to establish BSCstarter as a viable fundraising platform for the long term, more benefits will be unveiled specifically for START token holders

Tokenomics

Token Distrubution

The distribution of START tokens is as follows, with over 67.5% of START tokens assigned to presale and liquidity listing allocations.

Total Supply: 1,000,000
Presale Supply: 450,000
Liquidity: 225,000
Incubator Grant: 50,000
Partnerships: 125,000
Development: 75,000
Team: 50,000
Marketing: 25,000

Presale Offering

We will hold private and public token offerings to help strengthen our financial position and prepare us for the road ahead. If anyone is interested in our private token offering, please contact @TheBarChef on Telegram.

Presale Supply: 450,000
Purchase Option: BNB
Presale Price: $1.50
Listing Price: $1.75

Thank You

Come join us and be an engaged member of the BSCstarter community. Help us all increase the quality of BSC projects, let your voice be heard AND earn in the process!

It’s a long journey, but it begins today. Get involved below.

🌍 Website: http://bscstarter.finance
✉️ Telegram: https://t.me/BSCstarter
🐦 Twitter: https://twitter.com/BSCstarter
🔊 Announcements: https://t.me/BSCstarter_announcements
🚀 START Contract: https://bscscan.com/token/0x31d0a7ada4d4c131eb612db48861211f63e57610

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Starter Labs

A leading #blockchain R&D company focused on IRL incubating & coworking via @atlantachain, decentralized fundraising and play&earn game dev for #Web3