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!

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?

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!