Crowdstart Capital (CSC) is a Blockchain Evolution Incentive Scheme that rewards blockchain developers.
CSC’s goal is to advance the Blockchain ecosystem at-large by rewarding developers committing valuable code . Rewarding developers with CrowdstartCoins (Ticker: XSC), is the equivalent to incentivizing core development for the Blockchain ecosystem. This, in turn, drives the development of Blockchain technology at-large towards enterprise-readiness.
A BLOCKCHAIN ECOSYSTEM INCENTIVE SCHEME
In the first phase, we will distribute CrowdstartCoins to developers at conferences, events and hackathons. This activity will occur primarily in Europe and the distribution will be at the discretion of CSC. The goal of this phase is to get tokens into the hand of active developers and blockchain early adopters/enthusiasts.
If you’re a developer who committed code to advance Blockchain technology at-large, you’ll be eligible to receive CrowdstartCoins. You can request XSC by filling out this Developer Incentives Program: Claim XSC Rewards form.
Phase 2 – Smart-Contract-Based Token Distribution
Developers committing code to key blockchain projects can opt-in to receive CrowdstartCoins for every line of code that is accepted for their respective projects. CSC will set up a smart-contract-based system that will pay out tokens according to the accepted commits. CSC will programmatically monitor the git repos of major projects.
Phase 3 – CROWDVOTE – A Liquid Democracy Mechanism
In the third phase, members of the community will be able to propose blockchain projects to be included in the incentive scheme, a model known as liquid democracy. Token-based ballots will be used to enable community voting and determine which blockchain projects should be included. We call this decentralized community voting model: CROWDVOTE
In this phase, we’ll also be rewarding developers to contribute to our code base. Essentially, over the course of the three phases the incentive program should morph from being a mostly manual and centralized process to a fully automated and decentralized process.
CROWDVOTE will be launched at DAHOAM Tech Conference in Munich, 24 July 2018.
HOW IT WORKS
Crowdstart Capital (CSC) is one of the first technology accelerators to offer its own ERC20 digital tokens – the CrowdstartCoin XSC. CSC’s overall goal is to support the evolution of the blockchain technology ecosystem and direct this evolution toward the development of enterprise-ready tools. CrowdstartCoins generated will be directly distributed to the active developer community laying the basis for a cryptoeconomic incentive scheme designed to support the further evolution of the blockchain ecosystem.
Developers committing code to key blockchain projects can opt-in to receive CrowdstartCoins for every line of code that is accepted for their respective projects. CSC will set up a smart-contract-based system to pay out tokens according to the accepted commits. Technologies to be supported by these incentives include the core protocols of leading blockchains, e.g. Ethereum, IOTA, Monero, QTUM, EOS, etc.
In the scheme’s third phase, members of the community will be able to suggest projects to be rewarded with CrowdstartCoins. A liquid feedback model will be used to enable community voting and determine which blockchain projects should be included.
Beside this incentivization of blockchain resources and the allocation towards the core elements of the ecosystem itself, CSC aims to support specific blockchain- directed initiatives and startups through a startup acceleration process.
Accelerator Strategy and Target Industries
- Industry 4.0 (IoT, Automation, Supply Chain)
- Energy (Solar, Wind)
- Legal Tech (AI, Compliance)
- Healthcare (Data Accessibility, Security)
- Space (Earth Observation, Satellites)
The CSC team – through its experience and partnership with Datarella GmbH – has been working in these areas with world leading companies and organisations, such as Siemens, Daimler, Intel, United Nations, Clariant, and others. The CSC team has successfully designed, developed and implemented blockchain projects for and together with clients since 2015. CSC will provide development and consulting services while giving everyone an opportunity to participate in the blockchain ecosystem.
Beside the above mentioned project fields, CSC is dedicated to supporting blockchain-related innovation at its earliest stages, where we can create a manageable and efficient project workflow. It is also in these areas that we believe we make the most valuable impact by matching the startup’s abilities with the needs of incumbent industries. We evaluate exceptional teams in terms of technological mastery, domain expertise, general management capabilities, and personal attributes. During a 6-12 month acceleration process, we offer selected startups direct consulting and development resources to bridge the gap between concept and saleable product.
CSC does not provide startups with cash but rather with development and consulting services equivalent in value to the support alternatively provided through a traditional investment. The startup gets these consulting and development services without having to to sell ownership shares.
Sample Industry Partners
Startups seeking support from CSC should:
● Work on a blockchain-related project in one of the above mentioned fields
● Have the ability to develop a market-ready solution within 12 months
● Be willing to adapt their offering to existing market needs
● Be entrepreneurial to the max
Naturally, the above criteria are necessary but not necessarily sufficient for an acceleration agreement to take place. The vetting and due diligence process will be carefully executed according to the current market climate, mentoring capabilities available at CSC, fit to industrial use case, potential for further development in team, etc..