Crowdstart Capital Joins European Blockchain Association – Donates Crowdstart Coins XSC

Crowdstart Capital CSC has decided to donate 40% of its total XSC crypto currency supply to the European Blockchain Association EBA. The EBA‘s mission is to empower the blockchain ecosystem by synchronizing and leveraging blockchain-related activities of European corporations, startups, venture capitalists, and scientific institutes. In this endeavor, the CSC mission is well aligned with the EBA. Therefore, CSC will provide the EBA with Crowdstart Coins in order to reward its members‘ activities with free XSC. 

The donation of XSC means a change of plans for CSC: the original plan was to implement Crowdvote, a crowd-based voting mechanism to distribute CrowdstartCoins XSC to the best blockchain projects out there.

We have experienced some major road blocks while working on the liquid voting system, mainly regarding the correctness and security of the voting mechanism. Then, we started the conversation with the newly founded European Blockchain Association that has a very similar agenda to ours regarding the question how to incentivize the blockchain community to actively and consistently add valuable code and other assets to the blockchain ecosystem.

The result of this conversation was to join forces and to provide the EBA with a major chunk of Crowdstart Coins XSC for free. The EBA will reward its members with XSC for different activities that add value to the ecosystem, e.g. adding code, participating in hackathons, organizing events, and more.

Crowdstart Capital will become an integral part of the EBA by taking over the role and function of its accelerator. The EBA has agreed upon leveraging CSC‘s startup accelerator model to promote blockchain-based startups throughout Europe. We really like the decentralized arrangement of the EBA – that should enable its members to join forces and synchronize efforts.

We think that these synergies will add value to the European blockchain ecosystem at large and we’re looking forward to working together with EBA‘s members!

The day, people started paying for frozen yogurt with crypto

8 years after Laszlo Hanyecz paid 10,000 Bitcoins for 2 PapaJohn’s pizzas, 1,000 participants of the DAHO.AM Pure Tech Conference each paid 300 CrowdstartCoins XSC for conference T-shirts, goodie bags or frozen yogurt. 30 degrees Celsius and more made especially the frozen yohurt the most sought after food at the conference. 

Datarella supported the organizational DAHO.AM team with looking for speakers, defining workshops and also with the more nitty gritty detail of a conference. Additionally, we launched our latest blockchain product at the conference, a cryptocurrency wallet, the XSC Wallet.

When opening the XSC Wallet, each DAHO.AM visitor got 1,000 XSC that enabled her to buy a t-shirt, a goodie bag and a frozen yogurt. Due to the tough conference schedule and summery temperature, many visitors asked other visitors who weren’t interested in goodie bags, to send them their XSC enabling them to buy another froyo. Sending and receiving crypto with tye XSC Wallet proved to be so easy that even the least technically educated (their words) experienced no problem at all managing their cryptocurrency.

Some visitors were hesitant to spend their XSC in the first instance, since they belong to the #HODL group – users who don’t spend their frypto but “Hold On for Dear Life”. But, after the Crowdstart team assured them that they woult get the same amount of XSC tokens they’d spend later this week in real ERC20 XSC tokens that are tradeable on the Ethereum mainnet, they went on a shopping tour.

The fascinating result of the XSC Wallet launch was the fact that all users were completely surprised how easy it is to pay for goods and food  with crypto  in real life. The payment process is easy to understand, fast, and makes so much fun that many visitors returned several times to the Crowdstart stand only to use the XSC Wallet and pay for stuff, again. For the Datarella team, this wasn’t really a surprise, but a very nice confirmation of our strong belief that crypto will play a major role in global payments soon.

CROWDVOTE – A Community Driven Decision Making Model To Compensate Blockchain Developers

CrowdstartCoin

Big news is coming up at Crowdstart: with CROWDVOTE we will provide a community driven opinion forming and decision making model that follows on the present centralized distribution model of CrowdstartCoins XSC.

Starting with our IOTA hackathon in Gdansk, in November 2017, we have distributed CrowdstartCoins XSC to over 2,000 developers who have added valuable code to the blockchain ecosystem. As promised, we at Crowdstart do not think that we are the best people to decide who is eligible to receive CrowdstartCoins XSC, but rather it should be the responsibility of the entire blockchain community to form opinions and make decisions that define the distribution of XSC.

CROWDVOTE to be launched at DAHOAM Tech Conference
We announced our plan of developing a liquid democracy model to enable that kind of a decentralized decision making process last November. Today, we are very happy to announce that we will launch the first version of CROWDVOTE at DAHOAM Tech Conference, on July, 24.

With CROWDVOTE, members of the blockchain community will be able to propose and vote for blockchain projects supporting them to receive their deserved CrowdstartCoins XSC. In the first version, there still  will be some centralized elements; e.g. there will be a set of rules that define the proposal and voting mechanism. A framework of rules has to be implemented from the start – otherwise the model would create more confusion than joy about the new decision making opportunities. Our plan, however, is to go further and also decentralise these aspects. In future versions of CROWDVOTE, the community will be able to define the rules for proposing and voting for projects by themselves.

Want to participate and help CROWDVOTE to be developed?

If you are generally interested in decentralise decision making processes and liquid democracy, please feel invited to participate and support the development of CROWDVOTE. Send us an email to crowdvote (at) crowdstart (dot) capital.

 

Phishing Attempt Using CrowdstartCoin Fake Twitter Account

CrowdstartCoin

Yesterday, it was brought to our attention that someone hs been impersonating our @CrowdstartCoin Twitter account using the handle „Crowdstart_Coin“ (with an underscore).

This fake account is ha,rd to distinguish from the real one since it‘s not only using a very similar heder but has been copying some of our original tweets. This account asks you for visiting a google form on which you are asked to send Ether to a specific address.

We at CrowdstartCapital would never ask anyone to send Ether to a soecufic address. We distribute our CrowdstartCoin to developers who add valuable code to the blockchin ecosystem.

Please be careful with all things crypto – especially if someone asksyou to provide your private key or to send crypto to an address.

 

CrowdstartCoin XSC Listed On ForkDelta Crypto Exchange

With ForkDelta, another decentralised crypto exchange makes CrowdstartCoin (XSC) tradable.

ForkDelta is a fork of decentralized exchange EtherDelta with an interesting roadmap to provide an enhanced user experience.

For individual users, this is big news.  It means a much more friendly user interface, better instructions for getting started and lower fees & gas costs due to the offchain order book. Take a look at ForkDelta and then get started buying and selling your XSC!

CrowdstartCoin XSC Token Listing – No Token Sale

CrowdstartCoin

There is no ICO token sale of Crowdstart Capital.

Since there are some ICO announcement sites that have not updated their information about Crowdstart Capital and CrowdstartCoin XSC, yet, here again, the update we originally published in November 2017:

In November 2107, we decided not to ICO but to distribute our CrowdstartCoins XSC to developers who add valuable code to the development of the blockchain ecosystem. We started to issue CrowdstartCoins to IOTA developers during our Gdansk hackathon in November 2017. As of today, we have issued about 500,000 CrowdstartCoins XSC to blockchain developers. You can keep track of the distribution on etherscan.

For the time being, we at Crowdstart Capital decide upon the distribution of CrowdstartCoins XSC. In the next step, we’ll use a semi-automated smart contract based process for issuing XSC. In a third phase, we will use a liquid feedback mechanism and invite blockchain community members to democratically decide upon who will be rewarded with CrowdstartCoins XSC.

Since December, CrowdstartCoins (XSC) have been listed on EtherDelta, since January on IDEX, two decentralized crypto exchanges (DEX). More exchanges will follow. You can manage CrowdstartCoins XSC with several wallets supporting the ERC20 standard, such as Lykke, myEtherWallet, or Blockwallet.

That said, there are two options to get hold of CrowdstartCoins XSC:

  • You are a developer and you feel eligible to receive XSC. Please fill out this form.
  • You visit one of the above-mentioned DEXes and trade XSC there.

We can’t predict future rates of CrowdstartCoin XSC. However, based on a very broad game-theoretical scenario, CrowdstartCoin XSc could reach a rate of somewhere between $1 – $10 in 2018.

If you have any questions regarding CrowdstartCoin XSC you may follow us on Twitter join our Slack or Telegram and we will be happy to have a conversation.

Cryptoexchange IDEX officially lists CrowdstartCoin XSC

As of 17  January 2018, CrowdstartCoin XSC is tradable on IDEX, a decentralized cryptoexchange.

We are very happy that, after EtherDelta, our blockchain incentive tokens have been officially listed on IDEX. From today, blockchain developers can even better grow the value of their own token that serves as a reward for contributing to the evolution of the blockchain ecosystem!

Don‘t waste your time, developers: Go, claim your XSC – and trade them!

Safely Manage CrowdstartCoins With Lykke Wallet

Good news for CrowdstartCoin on the last business day of the year 2017: As of today, CrowdstartCoins XSC can be safely stored in and managed with the mobile Lykke Wallet.

The Lykke Wallet is a mobile application for iOS and Android and the hub of the Lykke trading ecosystem. All assets, s.a. FX, Bitcoin, Ether, Solarcoin, etc., are traded on the open-source Lykke Exchange, with immediate settlement and margin trading at zero percent commission.

CrowdstartCoins XSC can be managed in Lykke’s private wallets, along other ERC20 tokens. We are very happy to recommend Lykke Wallet to all (potential) CrowdstartCoin holders, especially because of its impressively high usability and convincing security model. Buying crypto, for instance, is ultimately easy: just deposit Fiat money using your credit card. This process takes a minute or two, and you are ready to buy crypto.

We can‘t wait to see the first trades of CrowdstartCoins – we expect them to take place in early 2018. But for now, we are more than happy that CrowdstartCoin holders can use Lykke Wallet to safely manage their XSC!

Let‘s see what 2018 will bring!

What‘s The Value Of A CrowdstartCoin?

Crowdstart Coin

We started distributing CrowdstartCoins during the Gdansk IOTA hackathon in November this year. Each member of the three winning groups received their XSC, as CrowdstartCoins are abbreviated.

Since then we have been asked what the value of a CrowdstartCoin is. As of this writing, the value of 1 CrowdstartCoin is 0. XSC is listed on EtherDelta, a decentralized cryptoexchange, and it has been traded once – but that was a test trade in order to check whether everything is working fine.

348 Developers Rewarded With CrowdstartCoins

During the first weeks of distributing CrowdstartCoins, we have focused on rewarding developers who have added valuable code to the blockchain ecosystem. We have started to send XSC to IOTA and Ethereum developers. Other blockchain technologies will follow. As of this writing, 348 developers have received their CrowdstartCoins. Considering the very reason why we created Crowdstart Capital – namely to incentivize the future development of the blockchain ecosustem at-large, and to grow the number of developers committing code – 348 developers is quite a big number.

In the first phase, the distribution of CrowdstartCoins will be at the discretion of the Crowdstart team. In the second phase, we will set up a smart-contract-based system that will pay out CrowdstartCoins according to the accepted commits. We will programmatically monitor the git repos of major projects. In the third phase, members of the blockchain community will be able to suggest projects to be included in the incentive scheme, a model known as liquid feedback. Token-based ballots will be used to enable community voting and determine which blockchain projects should be included.

CrowdstartCoin might be worth $1-$10

Now you might ask, why do we put all this energy into CrowdstartCoins when they have 0 value? The answer is simple: We expect CrowdstartCoin’s value to rise as soon as a certain threshold of coin holders has been reached and somebody starts trading her CrowdstartCoins. We haven’t communicated our expectations regarding the value of CrowdstartCoins, yet. However, when deciding upon the number of distributed CrowdstartCoins relative to the code committed to the blockchain ecosystem, we expect a CrowdstartCoin rise in value to anywhere between $1-$10, probably within the next 12 months.

Not being in possession of the crystal ball, we could be dead wrong. Since there is no reliable method of forecasting the value of a new currency, and especially one that is not backed by any kind of asset, such as gold, the US-Dollar, etc., we base our assumption on the combined anticipated circulation supply and the expectations of blockchain developers regarding their fair remuneration when committing blockchain code.

The essence of CrowdstartCoin is to reward developers for their work. In the good tradition of Jean-Baptiste Say, we think developers will figure out the right price of a CrowdstartCoin themselves, trading the coins. Despite having some flaws, over the long run Say’s law is largely true.

We certainly don’t expect CrowdstartCoin to repeat Bitcoin’s history. But, 10,000 Bitcoins buying 2 pizzas in 2010 is a story too good not to recall!

CrowdstartCoin – A Currency Creates Sovereignty

We want blockchain technology to live up to its original concept: being and staying an open, free technology. We want to prevent blockchain technology from the fate of the internet, being corrupted by lobby groups who succeeded in persuading the U.S. government to abolish net neutrality in December 2017.

For millennia, sovereignty defined currency. Governments created curency and the currency allowed a government to execute its monopolistic control. Now, people create currency. And since currency creates sovereignty, the former equation has been inversed: economic freedom is no longer dependent on governments but can be exerted in a trans-national, self-determined way.

Blockchain developers of all sorts, be it Bitcoin maximalists, Ethereum proponents, IOTA tangle enthusiasts, Stellar developers or active supporters of currencies such as Monero, Dash, etc, – all of them will be awarded CrowdstartCoins for committing valuable code. Two weeks after having issued the first CrowdstartCoins to developers participating at the IOTA hackathon in Gdansk, CrowdstartCoins have been distibuted to over 125 developers, most of them working on IOTA and Ethereum.

CrowdstartCoin can become the currency of choice for all those who work on blockchain technology. When CrowdstartCoin is widely adopted in and used by the Blockchain community, its value supports the future development and the evolution of the Blockchain ecosystem at-large.

If you’re a developer who committed code to advance Blockchain technology at-large, you’ll be eligible to receive CrowdstartCoins. You can request CrowdstartCoins by filling out the Developer Incentive Program: Claim XSC Rewards form.