• [email protected]
  • Mon - Fri: 9:00 - 18:30 GMT
Search
Rss Facebook Icon TwitterCreated with Sketch. LinkedinCreated with Sketch.
bitcoin pr buzz logo
  • HOME
  • OUR SERVICES
    • BITCOIN PRESS RELEASE SERVICE
    • SUBMIT YOUR BITCOIN PRESS RELEASE
  • LATEST PRESS RELEASES
  • FREE CONSULTATION
  • OUR TEAM
  • ABOUT US
    • ABOUT
    • CAREERS
  • RESELLER
Menu
  • HOME
  • OUR SERVICES
    • BITCOIN PRESS RELEASE SERVICE
    • SUBMIT YOUR BITCOIN PRESS RELEASE
  • LATEST PRESS RELEASES
  • FREE CONSULTATION
  • OUR TEAM
  • ABOUT US
    • ABOUT
    • CAREERS
  • RESELLER

ICO To Form Liquid Market of Venture Tokens for Pool of 21 Startups in Starta Accelerator

  • June 21, 2017
  • Bitcoin Press Release
Bitcoin PR Buzz Starta Accelerator ICO Startups

Bitcoin Press Release: Cross Coin announces ICO to raise capital for Starta Accelerator’s startups through venture tokens.

June 21, 2017, Moscow, Russia – Cross Coin, a company that is launching an ICO for between $1.5 million and $5 million investment in a pool of technology startups in the Russian and American project Starta Accelerator, expects a high degree of speculative interest on the secondary market for its venture tokens. Investors will have the opportunity to exit their positions in the startups to obtain maximum profit, and to trade Cross Coin’s tokens on the secondary market to participate in all stages of growth for each of the 21 startups within the investment pool.

The Singapore-based company Cross Coin intends to release up to 5 million tokens during its Initial Coin Offering (ICO). Token cost is $1, which gives access to the venture capital industry to a wide range of potential investors. The first $1.5 million raised will be spent on refinancing the 21 startups that passed the Starta Accelerator program in 2016-17, with remaining funds to be spent on investing in the next tranche of startups.

“Investors can put their money on startups that have already passed the initial stages of their development and raised their first investment from various funds, accelerators and business angels. During the Starta Accelerator program, 21 startups were integrated into the business environment of the United States – the largest and most promising market. Our project is unique in this regard. Investors gain access to a diversified portfolio of actively developed and promising startups in the venture market. I’m confident that our collaboration with Cross Coin will prove a promising format for the venture market, which will be further developed by others in the future,”

Comments Alexey Girin, Head of Starta Accelerator and Managing Partner of Starta Capital.

News about the purchase of startups by strategic investors – ‘exits’, in venture terminology – exercises the most significant influence upon the price of their shares on the secondary market. In this case, the issuer of the Cross Coin tokens will receive a part of the profits from Starta Accelerator from the exit of each of the 21 startups, in proportion to its share in the portfolio – that is, 33%. The total amount of income from Cross Coin’s exits, less any administrative expenses, will be directed to the repurchase of tokens at market price.

Additional news triggers for the secondary token market will be as follows: raising a new round of investments by any startup from the Starta pool; increasing startup revenue; partnership with major market participants; contracts of B2B startups with large new customers; getting startups into large accelerators for the next investment stage, amongst other events.

“The democratization of venture investment is the primary idea of ​​this project. Exits of the startups in the investment pool will allow the ICO’s participants to receive an income comparable to the level of profitability in the existing venture industry,” comments Kayrat Kaliyev, Head of Cross Coin. “The secondary aim for ​​the project is the creation of a highly liquid secondary tokens market. This will allow many potential investors to participate in venture financing of projects with a low entry threshold and the ability to exit at any stage of their implementation. Gains in the market price will provide an opportunity to achieve ROI from reselling the tokens. The relatively low initial value of the token is an additional factor that increases its liquidity and attractiveness.”

Company and Team

Alexey Girin is a business angel investor, a private investor and a Master of Economics. He is co-founder and managing director of venture capital fund Starta Capital and Starta Accelerator. He has been working in the field of auditing and finance for more than 15 years and in the venture capital industry for more than 10 years.

Kayrat Kaliyev has worked in the financial sector for more than 13 years. He is currently deputy director of the Financial Technology Department of the Astana International Financial Center in Kazakhstan, and Head of the Cross Coin Company in Singapore.

About Starta Accelerator

Starta Accelerator is accelerator program in New York that was started by the Starta Capital Foundation in 2015. The mission of the program is cultural and business adaptation in the USA and integration into the investment ecosystem of technological startups from Russia and the Eastern European countries.

About CrossCoin

Cross Coin has call options for 33% of the Starta Accelerator 16/17 SPV, a company that owns 7% in each of 20 startups and 2% in the 21st start-up, all of which passed the Starta Accelerator program in 2016-2017. Each of the pool’s companies has been appraised with a market value of $1.9 million or higher.

Learn more about Starta Accelerator at – http://startaaccelerator.com/
Find out more about the Starta/CrossCoin ICO at – https://startaico.com/
Starta ICO on Bitcointalk – https://bitcointalk.org/index.php?topic=1887079.msg18750161

Media Contact

Contact Name: Elena Shushunova
Contact Email: [email protected] | [email protected]
Contact Phone: +7 999 9219019
Company: Digital Finance Agency
Location: Moscow, Russia

Digital Finance Agency is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS) OR TO ANY OTHER JURISDICTION WHERE SUCH AN ANNOUNCEMENT WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE.

PLEASE NOTE, THIS ICO HAS RESTRICTIONS TOWARDS US CITIZENS. YOU ARE ONLY ALLOWED TO PURCHASE STARTA TOKENS IF AND BY BUYING STARTA TOKENS YOU COVENANT, REPRESENT, AND WARRANT THAT YOU ARE NEITHER A U.S. CITIZEN OR PERMANENT RESIDENT OF THE UNITED STATES, NOR DO YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE UNITED STATES, INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, AND ANY OTHER POSSESSIONS OF THE UNITED STATES.

You found our newsletter subscription!

Did you know that less than 10% of website visitors ever make it all the way to the page end?!

bitcoin pr buzz logo

Blockchain enthusiasts from the start. We have over 7 years experience in Bitcoin marketing specifically: leveraging our unique expertise, partnerships and experience we bring you the most refined, effective, and value for money Bitcoin marketing and Bitcoin press release service to be found.

Please Note:

Press releases are for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin PR Buzz. Bitcoin PR Buzz does not certify the accuracy of the information in press releases published on this website.

Issuers of Press Releases, and not Bitcoin PR Buzz, are solely responsible for the content of press releases, and the accuracy of the content in press releases.

Quick Links

  • Press Release Services
  • Submit Press Release
  • Latest Press Release
  • Social Media Service
  • Copywriting
  • About
  • Careers
  • Terms & Conditions
  • GDPR
  • Token Sale Press Release Policy
  • INC verified
Rss Facebook-f Twitter Linkedin

Coins Accepted Here

bprb
Bitcoin News Banner

© 2021 Fintech PR LTD

Welcome to Bitcoin PR Buzz!

Your privacy is immensely important to us and we do our best to safeguard your data. We use cookies to improve your experience and to improve our services. We comply with the EU General Data Protection Regulation act also known as GDPR. We wish you a pleasant stay at bitcoinprbuzz.com, if you have any questions please feel free to chat with us below or email [email protected]

I ConsentCookie settings I need more information
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

  • →
  • Contact Us

    Contact Form

  • Telegram