With cryptocurrencies such as bitcoin and ethereum gaining a lot of mainstream attention this year due to massive rises in their prices, a lot of companies have been developing cryptocurrencies of their own and engaging in Initial Coin Offerings (ICOs) as they being to utilize blockchain technology into their platforms.
There have been a lot of people jumping on the ICO bandwagon trying to cash in or invest in order to try becoming the next cryptocurrency millionaire. However, things are not as simple as that and there are many ICOs out there that are not as legit as they seem and will never yield investors any form of reward.
In the past year alone there has been over $2 billion raised via ICOs in the world of startups and this trend looks set to continue into 2018.
What Is Startup Token?
Startup Token is a project that was started with the goal of protecting investors and makes the process of ICOs trustworthy once again.
They offer a fully encompassing package service for those startups in the space of blockchain technology and who want to raise money via the issuance of tokens. This means that all aspects of the process from the marketing promotion, technical support and legal counsel will be provided.
There is a qualification process in place in order to work with Startup Token to ensure that they are only working with true innovators who are passionate about blockchain technology and what it can do for their customers rather than those people who are solely focused on making as much money as they possibly can.
The goal is to find those startups that are utilizing the blockchain technology in order to generate a genuine improvement in old ways of doing things, as well as providing a token that offers real utility and will actually be of benefit to the owner of the token.
They work hand in hand with key policy makers and partners in the local area of Gibraltar, such as legal and tax incorporations. This process allows them to create a standard regulatory framework which puts forth the best practices that can be applied to startups working with StartupToken.
Spreading The Message
If you are a blockchain startup it can be a very confusing thing trying to navigate the industry, as there are countless conferences and experts talking on these matters and advising you to do different things.
This was the reason for the formation of the StartupTokenTM Asia Tour Edition which is a conference roadshow where some of the successful applicants to Startup Token conduct conferences, private sessions and meetups to talk about their own project and in turn create a community around what they are doing.
There are certain established experts in the world of blockchain technology who also contribute on these tours, such as the CEO of Coinsilium Eddy Travia. He speaks worldwide about this industry and was a pioneer venture capitalist in the space of blockchain technology so he has first-hand knowledge and experience of dealing in a proper liquid market.
He shares the experiences he has had in the Blockchain Space and Seedcoin in order to aid startups to navigate through the myriad of challenges that are posed in the early stages of their company.
This combination of tried and tested with the new startups involved in the space provides a level of trust for those investing in ICOs and eases any concerns they may have.
Startup Token And The Support They Offer
In what has been somewhat of a muddy and murky world as of late, Startup Token has been a shining light when it comes to ICOs.
The level of community support they provide is top-notch, with everything from co-working spaces, accelerators and seed programs allowing the startup founder to expand their knowledge and scale their businesses in an efficient and effective way.
They have already a global presence and they are set to bring their operations to the likes of Tokyo, Hong Kong, and London in the near future, having already been set up in Paris.
Some of the current community members they have on their Asian Tour include the likes of Dether, RSK, Energimine and Adappss. Asia is a market that contributes a large volume of transactions in the space of digital currency as of late, which is why Startup Token have such an emphasis there.