STAR Token As Protocol Token

After discussing the Starbase Platform with a strong ICO economy researcher, we decided to make the STAR Token the only supported token on the Starbase platform. This is in addition to the current characteristic of possible discount and priority purchase rights.

STAR Token as a sole protocol token which can be used like currency won’t reduce the user experience because of the decentralized exchange protocols being built. However, this approach will drastically increase the utility value of the STAR token.

Old STAR Token

As you can see from the diagram above, with the old implementation, a crowdsale’s contract on the Starbase Platform accepts Ethers which prevents the STAR token from having a Linear Utility Value. In the old way, STAR possibly provides discount or priority token purchase rights for the top holders of STAR tokens.

Linear Utility Value means, a token holder who has 100x more tokens should have 100x more benefits.

Improved new STAR Token

In the new approach, collaborating with decentralized exchange protocols like 0x Protocol, Kyber Network and Loopring, users will be able to purchase tokens on the Starbase platform by executing single transactions to send Ethers directly to a project crowdsale’s smart contract on the Ethereum blockchain.

Because STAR tokens are now more like usage token, the Starbase platform will create a strong demand for STAR tokens to participate in token fundraising event. This will provide a linear utility value for the STAR token and increase the usability of tokens for users.

If you have any opinions, we are happy to discuss with you!