Dear Starta backers,We must admit that in terms of communication during the last few months we were far from perfect . However, we are working hard to improve and hope that you give us a chance to redeem ourselves in this letter.
It's been almost 6 months since Cross Coin launched StartaICO, almost 2.5k of our backers received STA tokens and joined the venture community.
As could be seen from the STA exchange rate dynamics, the nature of our STA token is somewhat different from the majority of other cryptocurrencies. Despite the fact that in the last 6 months STA didn't not provide for outstanding speculative possibilities, we should not forget that it has been gradually increasing its potential for mid-term growth and more than that, it is backed by real assets with strong upside potential.
We would like to share with you what has been done in order to secure further growth of the STA token.
In addition to the 21 companies in our portfolio we have signed 10 more. On December 15, these companies successfully presented their projects in front of an audience full of investors. As you can see, 31 companies have already tested their abilities in the United States and got their opportunity to become global leaders in their field. We have worked hard and still are to help them make further steps in the right direction.
During the months of fall we have been interviewing and selecting new startup companies to join us in our accelerator program as Batch 5. We have elected 15 projects, the best of the best from all of Europe, and we are currently working on bringing them to New York and signing contracts with them. These companies will be able to start their acceleration program as soon as January 2018, expanding our portfolio to 46 companies! As you can see, we are upholding the promises given in our whitepaper. Our new batch will be announced on December 26.
As part of the acceleration programme for blockchain companies Starta helped Snov.io hold their tokensale, which resulted in $2.1M in collected funds.
Part of the payment received for the consulting services for this project will also be distributed to the STA backers. Buyback information and details could be found here.
Also, during the months of December, 2017 and January, 2018 we are expecting a token distribution from 2 of our portfolio companies Cindicator (CND) (~ 20 000 000 tokens) и Anryze (RYZ) (~ 1 000 000 tokens).
We would also like to clarify certain points regarding our further strategy and development.
Given the constant changes in the current regulations, we are not yet planning on adding new exchanges, the STA token can be traded on the the Dex or Tidex exchanges.
According to the common practice, we have developed communication guidelines for our community, you could get yourself acquainted with them here.
In the last 6 months the ICO market has had a strong influence on the venture market. The changes in modern tendencies and trends stimulate our growth and development in new directions . We have presented our vision on the future of the ICO market and its further development and collaboration with the venture field in our report , “Hybrid Capital: The Future of Venture in the ICO Era”. Especially for you we have created a promo code “StartaICO” for a free download of this report at our website
www.startaventures.com. It is also available in the e-pub format at Amazon
We should not forget that the fast growth rate of the cryptocurrencies in which the funds for StartaICO were collected is expanding our investment abilities and could benefit the growth of the STA token exchange rate. In January we will present an updated roadmap from the CrossCoin team which will include our investment strategy, towards, among other things, the assets exceeding those needed for creating a portfolio of 70 companies.
The StartaICO website was updated last week. We added all the relevant information and communication channels. Please take into your consideration that the new website was created under the post-ICO model, and some of its features were altered. We would like to remind you that all the information regarding your balance and transactions could always be found in your personal wave wallets.
Should you have any further questions please contact
support@startaico.com We would like to thank you once more for your support and patience.
Visit our page at Medium for more updates on Starta Ventures and its portfolio companies.
Starta Accelerator and Cross Coin Management Teams
