Review on Starbase by David Olayide
The Starbase Project.
Starbase is blockchain token based crowdfunding/crowdsourcing platform. By using Starbase, you can issue new tokens on Internet of Value, blockchain. And you can sell your issued tokens for fundraise or pay it to co-workers as shared incentive. By using Starbase, people unfamiliar with the Blockchain technology can easily issue blockchain tokens. In addition to this, companies can get their own funding by creating and sending their own tokens.
What Starbase actually wants to accomplish is to provide a platform on which many platforms can be launched through the power of the blockchain. With the use of Starbase as a sort of intermediary platform, issuing your own tokens with value as a payment medium has never been more easier.
In retrospect I honestly think that the Starbase project has a lot to improve on. The project I guess is still under some development and it actually still needs a lot of work done on it. When I came across the project I immediately felt it was too underdeveloped and had a skeletal frame with little flesh on it. Starbase is built on the Ethereum platform.
STAR tokens are issued on the Ethereum platform so that makes the token ERC20 based. A total supply of 1,000,000,000 STAR is available with a figure of 187,500,000 in circulation. The value or price of the Starbase token is not very high and hovers at a low price of 0.00219957 USD. Hopefully that figure is subject to positive change.
Pros
- Starbase project is powered by the blockchain technology
- STAR is an ERC20 based token
Cons
- The project is largely underdeveloped
