CrowdstartCoin XSC Listed on Radar Relay Exchange

Radar Relay UI

We have some very exciting news today! CrowdstartCoin (XSC) is now listed on Radar Relay! https://app.radarrelay.com/XSC/WETH

Radar Relay is a next-generation decentralized exchange with significantly improved usability and an off-chain order book. Radar uses the 0x protocol to facilitate wallet to wallet trading. There are no accounts, no limits, and no deposits. Each trade is settled atomically without counterparty risk.

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.

Getting started is super easy. The Radar team has some great videos outlining how to post buy and sell orders. Take a look at the video above and then get started buying and selling your XSC!

https://app.radarrelay.com/XSC/WETH

 

Crowdstart Coins XSC for Pryze Runner-Ups

Pryze + Datarella Sweepstakes for early adopters

Good news for all you non-developers out there. As many of you already know we are partnering with Pryze.com to offer an ethereum-based provably fair sweepstakes where early adopters can apply for a chance to win up to 100 XSC Tokens (A value of 100 USD if the price of XSC reaches 1.00$). The sweepstakes will run until the 21st of February.

What you don’t yet know is that we’ve decided to award the first 99 runners-up in the Pryze Sweepstakes tokens as well. Token distribution will be drawn at random by the Crowdstart Capital team!

 Pryze Sweepstakes – Crowdstart Coin (XSC) Awards:

  • 50 Runner-ups: Recieve 25 XSC tokens
  • 25 Runner-ups: Recieve 50 XSC tokens
  • 24 Runner-ups: Recieve 75 XSC tokens
  • 1 Grand Prize Winner: Receives 100 XSC tokens

Here’s a refresher on how it works.

  1. Download the sweepstakes app from Pryze.com. It is available for iOS and Android mobile devices.
  2. Register with your details and an Ethereum address where we can send your XSC.
  3. Wait and see if you are chosen! We’ll award the first 99 runner ups with Crowdstart Coins (XSC).

Don’t wait! Register today and win a few tokens!

CrowdstartCoin XSC Token Listing – No Token Sale

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.

CrowdstartCoins XSC Now For Early Adopters With Pryze.com

Pryze + Datarella Sweepstakes for early adopters

For a limited time, early adopters now have the opportunity to win XSC! In collaboration with pryze.com, we’re offering a chance to win up to 100 XSC Tokens.

If you have transacted recently on any of the decentral exchanges you’ll notice that the user interfaces sometimes leave something to be desired and liquidity is often an issue.

CSC mainly focuses primarily on incentivizing blockchain developers, but XSC is meant to be the token for the blockchain ecosystem. One important element needed to meet our goal of advancing the development of industrial blockchain applications is the availability of interested early adopters willing to test new technology such as decentral exchanges and give feedback about the user experience. Everyone in the blockchain ecosystem has something to contribute.

To this end today we are pleased to announce a sweepstakes event for blockchain early adopters. As a blockchain early adopter you are also a valuable part of the development process. We want to reward and incentivize your participation and contribution to the ecosystem.

We are partnering with Pryze.com to offer an ethereum-based provably fair sweepstakes where a limited number of early adopters can apply for a chance to win up to 100 XSC Tokens (A value of 100 USD if the price of XSC reaches 1.00$). The sweepstakes will run from today until the 21st of February.

Here’s how it works.

  1. Download the sweepstakes app from Pryze.com. It is available for iOS and Android mobile devices.
  2. Register with your details and an Ethereum address where we can send your XSC.
  3. Wait and see if you are chosen!

Stay tuned for updates about this sweepstakes.  We’ll be releasing more specifics about the exact distribution of tokens very soon.

 

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?

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!

The Tokenised Economy

From the early days of capitalism, when from 1633 the Hollandische Mercurius referred  to capitalists as the owners of capital, on to David Ricardo who, in his Principles of Political Economy and Taxation  is seen as the one who actually coined the term capitalism, until today: the structure and behavior of the enterprise as the main capitalist entity, hasn’t changed that much. With the advent of blockchain technology, the evolution of the enterprise could pick up pace, dramatically.

An enterprise can be defined as the largest participant of an economic system with an ideology based on – in most cases – private ownership of the means of production and their operation for profit. In the early days, the owners of an enterprise would manage its operations themselves. With the advent of the public corporation, ownership and management were separated from each other: in most cases, the owners did not participate in the management of the company but delegated this to employed executives. With this separation of ownership and management, and a trend towards larger entities with hundreds to thousands, to hundreds of thousands of employees, enterprises had to be structured in a way that would enable a proper management and controlling. In democratic countries, there are specific sets of regulations and laws that provide the framework for owners’ and managers’ scopes of action.

The Enterprise As An Institution

Throughout the history of capitalism, enterprises have been regarded as stand-alone, singular entities, existing because of the product and service portfolios they would offer to the market. Aspects of enterprises’ interdependencies and connections with their environments played a minor role: one of the better known examples of this is James Buchanan’s Public Choice theory that describes people’s decision-making process within the political realm. When, with the Industrial Revolution, people became aware of the significant external effects enterprises could have not only on the lives of their employees but on the environment, etc., something changed within the enterprises: owners and managers started wondering how they could address their enterprises overall impact on the outside world.

Another aspect that made managers think of the interdependency of their company with others, was marketing. Companies discovered that it wasn’t enough to produce high-quality products – they had to tell potential customers about it and even had to compete with other companies offering similar products.

The Enterprise As A Platform

Acknowledging external impacts of enterprises and the shift from supply-side to demand-side driven markets mark a clear behavioral change for enterprises: trade  unions, environmental regulations, but also purely economic aspects, such as just-in-time production or supply chain optimization, all have led to a new kind of enterprise – evolving from institutional constructs into a platform, acting as hubs mainly responsible for organizing a network of partners making sure a final product will be presented to the customer.

The enterprise as a platform: these days, most companies would be happy being regarded as a platform. After all, that propels them into the top ranks of the innovative minority according to AccentureBain and other consultancies.

And yet, the platform enterprise isn’t state-of-the-art.

Platforms may offer many positive aspects but they lack all advantages of a decentralized, trustless system, such as a blockchain protocol. Apple, Tencent, Siemens, or other giant platforms are centralistic structures that are successful as long as each platform partner plays along: as soon as one entity in the supply chain fails, the product can’t be delivered on time or with a certain quality. Costs of managing and controlling the platform processes itselves have become immense. In the event of an external irregularity, e.g. an activist group’s protest on the basis of an alleged misbehaviour, followed by a consumer boycott, could force even market leaders to halt the production process or even to discontinue a product line. Platforms are highly sensitive against irregularities because of their centralistic architecture.

The Enterprise As A Protocol

There is a cure for this sensitivity: if platform enterprises improve themselves further and evolve into protocols, they become resilient against internal as well as external attacks and they can regain what most of today’s companies have continuously lost in the past years: credibility and trust in the eyes of consumers. A protocol can be described as a defined set of rules and regulations that determine how data is transmitted in networks. A blockchain protocol is a decentralized database and ledger that allows all participants of the network to work with the identical, consistent data set at any time.

Convergence: Blockchain + Smart Technologies

A protocol enterprise uses blockchain technology to share the database and its additional, external intelligence, such as AI, autonomous machines, VR or AR, to collaboratively manage and control a supply chain process. The system is completely decentralized, featuring automated processes in line with a set of rules and regulations all participants have agreed on – the governance model. A liquid feedback mechanism ensures that all participants have the ability to participate in the network’s opinion making process. Depending on the intended level of openness, either selected third parties or the general public may also join the network. In the first case, a private, permissioned blockchain would allow a pre-defined group of participants to join the network. If everybody should be granted access to the network, a public blockchain would be used.

Cryptoeconomics & Token Design

Participants of blockchain networks need tokens to communicate or, more correctly, to transact on the blockchain. These tokens can take different shapes: they can represent a value store only, or they come with a set of instructions defining the so-called token design, or cryptoeconomics of the network. Cryptoeconomics describe the incentive mechanism that motivates participants to actively engage in the network.

In the same way, the token design is the regulatory framework for behaving within the network, it’s the (re-)presentation of each participant’s behaviour and value system. In other words: the token is the representation of the brand equity of the network’s or protocol’s participants. Customer perception will be created through the design and use of the blockchain network tokens. Since all transactions in a blockchain are immutable and, therefore, represent an accurate, consistent history, all actions of a protocol enterprise are open for scrutiny by third parties, s.a. auditors, or the general public, i.e. (potential) customers. CEOs of protocol enterprises won’t have to fear misleading accusations by activist groups. However, they have to be aware that omniscient auditors or customers form their opinions on the company on the basis of a complete behavioral history. Bad times for fraudsters!

A Tokenised Economy

It presumably will take years, if not decades, for existing enterprises to evolve in protocols. Also, many of today’s platforms will not join this evolution and will remain platforms or even morph back into institutions before the end of their business cycle. But for a new breed of contenders, blockchain technology provides the basis for a tokenised product offering already today. These vendors won’t necessarily regarded as enterprises in the first phase, but they might take over the role of today’s market leaders.  The key aspect of a tokenised economy is the token representing the behaviour and values, or, the brand equity, of market participants.

Blockchain technology is still in its infancy: most systems are not enterprise-ready, yet. However, the decentralized and open nature of blockchains provide the basis for a market penetration in an insane mode . Bitcoin, the first blockchain protocol, has evolved into the world’s 6th largest  currency by circulation  according to the Bank for International Settlements. The figure is based on a value of bitcoin at $10,765 each, meaning that the total value of all bitcoins in circulation is $180 bln. Bitcoin evolved into this widely used currency within nine years of existence – being the very first of its kind, initialising the category of cryptocurrencies.

Solarcoin, another cryptocurrency and token, was launched in 2014.  It’s a global rewards program for solar electricity generation: 1 Solarcoin represents 1 MWh (megawatt hour) of solar electricity generation. Verified solar electricity producers,  may get Solarcoins for free when participating in the network. 99% of Solarcoins will be given to solar electricity producers of 97,500 TWh (terrawatt hour) over 40 years. The creators of the Solarcoin foundation expect a market price of $30 per MWh in unregulated and unsubsidised markets. As of today, a Solarcoin costs $0.50 – so, there us a long way to go to reach a $30 price tag. However, at $0.50, Solarcoin has the third largest market capitalisation of all cryptocurrencies, reaching over $45 bln. Since renewable energies, especially solar power, cover more and more of the world’s energy consumption, we could expect the Solarcoin network becoming the or one of the main vendors within this space. And, what else is Solarcoin than a reasonably tokenised product offering?

For us, blockchain technology is more than a database and a ledger: it’s the basis of a tokenised economy. Done right, blockchain protocols not only allow new vendors enter a crowded market, their decentralized and open characteristics provide the tools for decentralized and open business models, such as (a renaissance of) cooperatives, collectives, etc.. Blockchain technology provides the tools – creators and entrepreneurs may now use them and start morphing centralized, vulnerable platform enterprises into decentralized, resilient protocols.

Cryptoexchange EtherDelta Officially Lists CrowdstartCoin XSC

As of today, 1 December 2017, our CrowdstartCoin XSC is tradable on EtherDelta, a decentralized cryptoexchange. 

We are very happy that, ten days after having issued the first XSC to IOTA developers at IOTA hackathon, in Gdansk, the tokens have been officially listed on EtherDelta!  From today, blockchain developers can 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!

Crowdstart Capital acceleration program and innovation

Innovators and people talking about innovation.

How can companies go from talking about innovation to innovating?

There is a strong trend, especially in larger organisations, to try to further innovation by appointing Innovation Directors (mind the capital letters), Heads of Innovation, Innovation Evangelists etc. While the intention is good, it is simply very difficult to pinpoint how successful innovation can be introduced and integrated into a very long tradition of doing things by the manual. Does that mean that more innovation is happening? Do the people responsible for spurring employees to “think outside the box” actually change culture or do they one day find themselves playing cajón in a giant drum circle of executives wearing black turtlenecks? (Note: from a real life situation, without the turtlenecks).

We at Crowdstart Capital don’t pretend to know the answer to these burning questions, but we can say that the need for innovation is not receding. It’s more likely rising exponentially with the emergence of new technologies and concepts such as convergence or game theoretic advances, which require a new understanding of the future of society. By changing perspective, applying concepts from other fields to problems previously unsolved (like game theory in Bitcoin or physics to evolutionary biology) or simply taking a moment to recognise already existing ideas, groundbreaking innovation can be achieved.

The hard selling point for many investors in our digital token sale is how we develop companies and promote innovation better than corporate incubators or accelerators. There are two reasons why I believe in our investment hypothesis: 1. Our well-developed and customisable acceleration process, and 2. Our direct connection to and understanding of corporate needs. Below we will outline the five steps of our acceleration process:

Phase 1. Selection
Based on industry criteria, CSC sources and selects startups in the following industries: 

  • Industry 4.0 (IoT, Automation, Supply Chain)
  • Energy (Solar, Wind)
  • Legal Tech (AI, Compliance)
  • Healthcare (Data Accessibility, Security)
  • Space (Earth Observation, Satellites)

Our selection is based on three parameters:

  1. Product – feasibility, innovative-ness, market-need, location, etc.
  2. Team – vision, expertise/competence, “coachability”, i.e. communication and cooperation skills, diversity, etc.
  3. External factors – current CSC portfolio, industry needs, legal aspects, etc.

Phase 2. Onboarding
Aligned with industry requirements, we onboard the new startup into our acceleration process. We make an in-depth assessment of the technology, vision, financials, etc. in order to accurately adapt the following steps of the process.

Phase 3. Product Development
As a response to Phase 2, in close collaboration with the startup team we develop the product using agile methods. Collectively, we have decades of experience of developing scalable products from scratch. This experience will be put to work for and taught to each startup. The product development is constantly being correlated with strategy and vision of the future exit partner.

Phase 4. Matching
As a final reality check, we match the needs of our corporate partners with the product developed during Phase 3. If needed, we go back to the drawing board and adapt, if not we proceed to Phase 5.

Phase 5. Exit 
In the guided sales process, we leverage our experience in private equity, venture-funded firms and as investors to create the maximal value for all parties. 

Using this process, we attempt to leave innovation in its natural environment, the entrepreneurial and curiosity-driven world of startups. Without altering the habitat or motivation for startups to realise their vision, our goal is to aid them in their hard work.

Identifying Diamonds in the Rough as Blockchain Enters the Trough of Disillusionment

Gartner Hype Cycle

According to Gartner research, 2017 is the year that Blockchain tech entered the so called Trough of Disillusionment. This is the time that comes after irrational exuberance has faded and technologies enter a long night during which the winners are separated from the losers.

Right now we’re still somewhere in the uncanny valley between the bubble and the moment it pops.  There’s hundreds of new ICO’s every month. Some have a viable raison d’être but there is a huge need to separate the wheat from the chaff.

Compared in both number and scale with traditional VC funded projects the Blockchain area has a long way to go. According to Venture Scanner Blockchain related acquisitions this year aren’t off to a great start. In total there aren’t a lot of firms making exits. In 2016 there were just 16 such events.

Blockchain Exits 2017
Photo Credit: venturescanner.com

Compare this to the number of exits and deals backed by VC firms and the immaturity of the market comes into focus.  According to tech.eu, among just EU Tech startups there were 783 VC exit deals in Q2 2017.

This underlines the Crowdstart Capital position. We don’t believe in huge exits with many competing industry buyers fighting for the next unicorn. We aim to be the adults in the room, the ones who know what industry actually needs and can push that dealflow number up by catering to those needs specifically. In order to do this we leverage both our experience building blockchain-based applications for a wide range of industry players and the industry specific knowledge gained from those collaborations.

We’re focused on the fundamentals as opposed to the hype.  We identify a need in a big market, learn how to serve it as well as customising the solution and finally sell that product to major industry partners to reshape existing processes. That’s how to make money in the Trough of Disillusionment. As hot as the ICO model of financing ventures is, the industry needs to have a clear eyed look at what real problems we’re solving and how sustainable our efforts will be over the next five years.