Introducing: StarbaseX!
Starbase was founded on the idea to capture the market when ICOs were hot in the tail end of the 2010s. When 2020 came along, the ICO market was encroached by exchanges through IEOs. The market was additionally affected by the falling demand on top of projects that do not pass muster. it was in that market condition that we had to review our business model.
And that was why Roadmap 2.0 was created.
In this new direction, the goal is to create a whole new ecosystem for STAR tokens. This ecosystem is enabled by our new trading platform called StarbaseX.
StarbaseX is a module of the Starbase brand where it mainly manages the trading platform as well as carry out supporting activities in Roadmap 2.0. This is mainly to differentiate with the original ICO platform while denoting its affiliation with the project as a whole.
StarbaseX Trading Platform
We have taken over the trading platform (Sneak peek the CRM here <- I’m testing referral link, don’t be alarmed) which runs on the MetaTrader5 system. This advantage of this arrangement is that we offer a variety of trading instruments, namely: Forex, Spot Metals, Spot Commodities, Indexes, Shares and, being the nature of STAR tokens, Crypto CFDs. This way, users can take advantage of both sides of the market.
The advantages of this platform as compared to a crypto exchange are many:
First, there won’t be a need to compete with well established crypto giants which has larger marketing power and deeper order books.
Secondly, the volatility of the crypto market can also be taken advantage of on StarbaseX and you can trade on both sides of the market.
Thirdly, we can synergize the platform with other established mainstream entities like traders, fund managers, and other established institutions that are more used to the instruments on our platform as compared to just a crypto exchange.
Starbase Rewards and Starbase Database
Next, StarbaseX is also the label that we will hold other operations of Roadmap 2.0 which includes Starbase Rewards (rewards.starbase.co) and the Database where users and buy and sell trading records with each other. These 3 parts of Roadmap 2.0 all fall under the umbrella of StarbaseX.
The vision is that STAR will be used as a medium of exchange in the program; from deposits and staking on the trade platform, to selling and making purchases on the rewards platform and the database, to staking for a monthly draw.
And this is only the beginning; we still have a journey to go!
It will be through StarbaseX that will take STAR to the skies!
For now:
Our Alpha Test is almost done with tweaks here and there. I intend to start allowing Beta users from the beginning of next month. If you’re interested, I welcome you to drop me a mail at eugene@starbase.co
Note that for the trading platform, we will be allowing deposits and withdrawals in USDT for a start. The goal is for STAR to be the medium but pragmatic reasons, like price stability and simplification of accounting for a start, makes USDT the logical choice for us to kick off operations.
And, if you have any good traders you have worked with before, I welcome the networking to get the database going!
That’s all for now, exciting things are coming up!
So look forward to it.
If you have any suggestions or queries, feel free to reach out to us n support@starbase.co
Towards a Skyrocketing future!
Feel free to reach the Starbase team on:
Website: starbase.co
Twitter: twitter.com/StarbaseCo
Telegram: t.me/starbase
