Starbase rating & due diligence flow

Copyright © 2016 - 2017 Starbase All rights reserved.

Starbase rating & due diligence process for core teams 1

By Tomoaki Sato, Co-Founder, StarbaseLinkedin: https://www.linkedin.com/in/tomoaki-sato-086a0555Facebook: https://www.facebook.com/tomoaki.sato.35Website: https://starbase.co

https://www.linkedin.com/in/tomoaki-sato-086a0555

https://www.facebook.com/tomoaki.sato.35

https://starbase.co


0. Definition of words

Words Definition

Core team Startups, Intrepreneurs, Artists, Talents, who issue tokens and start token sale, and pay for works who supports them.

Supporter Investors, freelancers, engineers, designers, marketers, legal professionals, financial professionals, consultants, translators who want to support core teams’ challenges by working for or investing in

Token Data which has value and amount. For example, Bitcoin, Ethereum, DigixDAO are tokens on blockchain.

User Both Core Team and Supporter

Due Diligence Reasonable steps taken by a person or company to avoid making a tort or offence.

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0. Agenda

1. Background of Due Diligence

2. About Starbase

3. Core teams & Due Diligence

4. Summary of Starbase Due Diligence

5. Starbase Due Diligence Flow

6. Due Diligence & Features

7 . Number of Due Diligenced Accounts

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1. Background of Due Diligence

There are many token “Scams” in the world, also as equity.Some guys just sell tokens and don’t do what they promise, or run away

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Equity world ~ Fraudulent company listed ~

Blockchain Token World ~ Fraudulent tokens are discussed and shared ~


2. About Starbase - Platform Overview

Any supporter can invest in or work with global innovative core teams and get their tokens on blockchain in return

Core teams(Startups,

Intrepreneurs, Talents, Artists)

Purchaser （Investor)

Co-worker(such as engineer, designer marketer, financial or legal

professionals, translator, etc.）

Supporters Core teams

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Supporters get core team’s token by paying Bitcoin, Ethereum or working for the project

Starbase is based on blockchain as “Internet of Value”


3. Core teams & Due Diligence

Due diligence is always needed for 1. Core teams going to issue tokens & fundraise with Starbase

Core teams

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Starbase is based on blockchain as “Internet of Value”

2. Core teams already using blockchain tokens

1. Core teams going to issue tokens & fundraise with Starbase

Starbase publish both1 & 2 information


- Check business plan - Check technical detail- Check revenue & financial plan- Team member identification - Check member reputation- Check core team’s token info- Check milestones core team set

- Manage milestone release - Require core team to update projects

through Starbase web- Require core team to be transparent- Make early purchaser and token

purchase understand the risk- Refund raised funds if project failed

- Milestone release management - Project updates management- Project updates transparency

support- Reward updates transparency

support- Refund if project failed

- Need to submit required business, and technology info

- Need to be checked about team identity, background, and reputation

- Need to submit token info they want to issue

- Need to submit milestones they set

- To release fundraised money, need to achieve milestones core team set before token sale.

- Need to update project info- Need to be transparent about token

condition and sale status

- To release fundraised money, need to releaes promised service/product

- To make token transferrable, need to release promised service/product

- Need to update project info

4. Summary of Starbase Due Diligence

Starbase Due Diligence before/during/after token sale

Core teams

Before token sale(Screening)

During token sale(Early purchase & Crowdsale)

After token sale (Development & ICO & Reward)

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5. Starbase Due Diligence Flow - Schedule Overview

Core teams have to take a review by Starbase before issuing tokens. After that, Core teams can do crowdsale (public sale.

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Core team’s token become transferrable and have market value

Timeline

Development & marketing Term

Core team’s token holder gets future revenues from the business as “Reward”

Crowdsale(30 ~ 90 days)

Early Purchaser Term

Token become transferrable(ICO) Reward starts

Service/Product Launch

Due Diligence by Starbase company or Incubator partners

Rating / Update rating by Starbase company or Rating partners

Formal check by Starbase team

For investor, it takes only 3 ~ 2 years to sell purchased tokens on market after investments

Token issuance


Token info is: 1. Token detail 2. Product/ Service Development Milestones

5. Starbase Due Diligence Flow 1~ Timeline of Core team ~

Review info and formally verify

the team

Operating Strategy

Send “Formal Check”

Request

Send “Token issuance”

Request.

Issue tokens and start to sell or pay tokens to

supporters

Send “Rating” Request

Skype with core teams and start to

rate the core team

Receive early purchase money, and develop &

marketing

Core team

Review token info with business info and

the rating and verifythe token issuance

Early purchasers can request

to be early purchaser of core teams


Due Diligence by Starbase team

Rating by Starbase team


Rating info is: 1. NDA level technology info (optional) 2.NDA level business info (optional)

Formal info is: 1.Business overview2.Technical detail 3.Recommendation from VC or incubator4.Team profile





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5. Starbase Due Diligence Flow 2 ~ Timeline of Core team ~











Review the early purchase

results and allow crowdsale start

Starbase and law firm escrow(hold) core team’s raised money through crowdsale.

Starbase reviews milestone achievementsand release core team’s raised money step by step

Review core team’s release of

products/services they promise

Finish ”Early Purchase”

term,

End “Crowdsale” and Receive a part

of crowdsale money

Request to

do ICO Start

“Crowdsale”

Receive all fundraised money and token

become transferrable. (ICO)

ICO request info is: 1. Released service/product URL 2. NDA level some technological detail (optional)

Core team

Request to release

milestone money(can be several time

steps)

Release request info is:1. Achieved milestone info*** This milestone request can be several times(if there is several milestones for releasing product)

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5. Starbase Due Diligence Flow 3 ~ Timeline of core team ~










Release request info is:1. Achieved milestone info*** This milestone request can be several times(if there is several milestones for releasing product)

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After “ICO” develop & marketing

Stop to pay rewards when total paid rewards reached

to maximum reward amount

Pay rewards for token holders (if rewardable token) and updates

to token holders Core team

Announce the project stops to pay rewards

Announce the project’s ICO

Announce the project’s updates and reward payments


6. Due diligence & Features

Core team can use more features of Starbase as they verified.

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Unverified account

Formally verified account

Rated account Due Diligenced Account

Publish core team information on Starbase O O O O

Publish works on Starbase O O O

Update/ Publish rating by Starbase or 3rd party O O

Submit token issuance request to Starbase O O O

Start early purchase sale O O O

Start crowdsale O O

Withdraw raised money by early purchase or crowdsale O O

Account level

Features


7. Number of Due Diligenced Accounts

Account level is changed step by step with Starbase team’s verification & rating & due diligence

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Unverified account Formally verified account

Rated account Due Diligenced Account

100 % 30 % 5 % 1 %

These about 1 % of accounts onlycan issue tokens and sell it

*the percentage is as a guide for the number of accounts at each level

Copyright © 2016 Starbase All rights reserved. Strictly confidential.

8. If you have interested in rating & due diligence

let us know from [email protected]

Starbase PTE. LTD.16 Collyer Quay, #18-00 Income at Raffles, Singapore 049318

Email: [email protected]

Web: https://starbase.co

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mailto:[email protected]

mailto:[email protected]

https://starbase.co

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