StarbaseWhitepaper

~Towardsafutureofeasyinnovation
viaBlockchaincrowdfundingandtokenpayment
~

Writtenby:TomoakiSato
Contributors:ErnaneLuis

Modified2017/06/07
Version0.7.1

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Tableofcontents
- Definition of words
- Starbase mission
- Background - Internet of Value)
- Background -Token based crowdfunding solution
- Background - Merits for core teams
- Background - Merits for supporters
- Background - From IPO to IPO & ICO age
- Starbase overview
- Starbase innovative feature
- Token issuance phase support
- Reward planning support
- Early purchaser system
- Token sales phase
- Starbase rating & due diligence
- Starbase rating system
- Starbase due diligence process
- Token sale interface
- After token listed on exchange (ICO) phase
- Milestone payments & ICO for core teams
- STAR reward execution
- STAR Account
- STAR Protection - Escrow
- STAR Protection - Put option
- Starbase revenue projection
- Team
- Advisors
- Incubator partners
- Rating partners
- Target user segments
- STAR Token sale
- STAR Consumption
- STAR inflation
- STAR reward for STAR holders
- STAR lockup mechanism - For Starbase company

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 - STAR lockup mechanism - For Founders and early contributors
- STAR Liquidity
- STAR as ERC 20 type token
- STAR Bounty campaign
- STAR crowdsale bonus schedule
- Starbase funded value usage
- Starbase as HR technology
- Starbase in the permissionless blockchain economy
- Merits to use the Ethereum blockchain
- Starbase development plan and budget
- Risk
- Vision again

Definitionofwords

Starbase:
Theplatformname;Starbaseisbothanopenandclosedsourceproject.Starbase.Inc
willdotechnicalconsultingbyprovidingacrowdfunding/sourcingplatformwhich
enablesyoutoissueconditionaltokensfromtemplates.

StarbaseToken:
ThetokenwhichisissuedbytheStarbaseteam,andwhichhasconsumable,
rewardable,inflationaryfeatures.

STAR:
CurrencysymbolofStarbasetoken.Starbasetokendetailisdescribedinthefollowing
section.

Token:
Tokenisafrequentlyusedtermintheblockchainindustryfordatawhichhassome
value.WewilluseERC20typetokens,whicharethemostwidelyadoptedtypeof
tokensontheEthereumblockchain.

Coreteam:
Peoplewhoaregoingtoprovideorwhoarecurrentlyprovidingsomeserviceor
product.

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Possiblecoreteamsarelistedbelow:
- Globalandinnovativenon-blockchainbasedprojects
Suchasbio-technologyventuresinFrance,anencryptedchatapplicationplatform
inRussia,FintechcompanyinIsrael,andthosewhoneedrapid,globalgrowthwith
alotofsupporters.

- Startups,Newbusinessplannersinbigcompanies
Alotofcompaniesandprojectswhichdontknowanythingabouttheblockchain
technologycanjointheStarbaseplatformasadecentralizedfundraisingorhuman
resourcemanagementsolution.
Decentralizedcrowdfundingandhumanresourcemanagementprovideacheap,
fast,andglobalwaytocommunicatewithyourteammemberandexpandyour
teamaroundtheworld.

- Artists/Athletes/Talents
Hiddentalentscanusethecryptocrowdfundingsystem.Theycanissuethetokens
andsellthem.Aftertheybecomefamousoracquirerevenue,theycan
automaticallyreturntotheservicebyattachingsomerightstothetoken.For
exampleatalentcansellhisowntokenwhichhasconsumablefeaturesandtoken
holderscanreceive1hourofservicefromthetalentbyconsumingthetoken.

- Eventorganizer
Eventticketscanalsoberepresentedbytokens,andsoldonline.Forexample,if
youhave1eventtoken,youcanjointheeventandyouwillreceivepartofthe
eventsrevenue.

Supporter:
Supportersarethosewhowanttosupportprojectsbypurchasingcoreteamstokens
orbyworkingoncoreteamsprojects.

PossibleSupportersarebelow:

- Blockchainengineers,designers
Ethereum,Augur,SingularDTV,DigixDAO,GEMZ,Factom,andmanyothertoken
basedprojectsaredevelopedbyblockchainsavvyengineersanddesigners.They
understandthepotentialofaprojectsincethedevelopmentphaseandcansupport
theCoreteamsprojectbysharingthelong-termincentivewiththeissuedtoken.

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- Non-blockchainEngineers,designers
Evennon-blockchainengineersanddesignerscancooperateinpromising
blockchainprojectsandiftheybelieveinthepotential,theywillendupsupporting
coreteamsprojectsbyusingtheissuedtokens.

- BlockchainMarketers
Somefamousblockchainmarketers,andblockchain-knowledgedmarketersknow
how-tomarketizeyourtokens.Theywillcooperateinthecoreteamsprojectby
acceptingpaymentintheissuedtokens.

- Non-blockchainmarketers
Evenmarketerswithoutblockchainknowledgecanjointhemovementandsupport
thecoreteamsprojectshouldtheywantto.Theywillbepaidinissuedtokens.

- Blockchainlegalspecialists
Thisisfairlydifficultparttoconduct,buttherearesomeblockchain-specialized
lawyersandaccountantsintheworld.Theyknowhowthelegalframework
operates,andcanhelptremendouslythecoreteamsproject.Theycanalsobepaid
inissuedtokens.

- Non-blockchainlegalspecialists
Itmaytakesometimefornonengineers,andnonblockchainuserstounderstand
theblockchainecosystem,butlegalspecialistswillunderstandthepotentialand
possiblysupportyourprojectbyacceptingtheissuedtokens.

Milestone:
TheMilestoneisatermthatisoftenusedforcrowdsourcingorengineeringpayment
systems.

Milestonepaymentsarerequestedbysupportersandsetbycoreteamstoguarantee
thattheworkpaymentswillbepaidaftercompletingacertainmilestone.

Work:
Starbaseisatokenbasedcrowdsourcingplatform.Coreteamscanpostworksand
supporterscandothemforapaymentinBitcoin,Ether,ortheirissuedtokens.
Generallythiskindofjobisnotlongterm,butindurationof1weekto6months.
Forexample,softwaredevelopment,translation,logodesign,web/mobiledesign,
moviemaking,onlineconsulting,financialadvice,legaladvicecanbepostedto
Starbasewiththerelevantpaymentinformation.Eachjobshouldhavemilestonesand

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foreachreachedmilestoneapaymentcanbesentintheissuedtokensandBitcoin,
Ethereum.

Crowdsale:
CrowdsaleisusedtorefertothesaleoftokensonInternetofValuebyusinga
permissionlessblockchain.Itsglobalandtransparentprocess,whichcannotbe
modifiedneitherbythetokenissuerortheStarbaseadmin.

EarlyPurchaser:
Beforethepubliccrowdsale,coreteamsoftenneedtodomarketinganddemoproduct
developmentinordertoprovetheircapabilityandgetattention.Inthatcase,early
purchasesystemcanhelpcoreteamsbysellingtheirtokens.

Tokensale:
Tokensaleisthegenericnameofearlypurchase+crowdsale.

ICO:
Inblockchainworld,therearealotofdefinitionsforthetermICO,butbyour
definition,ICOisthetimewhentheissuedtokensbecometransferrable.Byusing
Starbasetemplates,justafterthecrowdsalephase,issuedtokensarenon-transferable.
Afterthecoreteamreleasestheserviceorproduct,thenthetokenwillbecome
transferrable,anditcanbetradedonglobalcryptocurrencyexchanges.Thisiswhat
wecallICO.

Smartcontract:
Writtenprogramswhichcanberunontheblockchain.

StarbasesMission

Starbasesmissionistomakeiteasyforeveryonetostartorsupportprojectswhich
aimtocreatenewservicesandproducts.

Starbaseprovidesacrowdfundingandcrowdsourcing/recruitingplatformwhichgives
longtermincentivesharingmechanismontheInternetofValue.

Thecurrentincentive-sharedteammakingsolutionfornewprojectinitiatorsisbased
ontraditional,localandslowstockbasedsystem.Therefore,itsdifficultforcoreteams
torecruitsavvymemberswithoutafairamountofinitialcapital.Evenwhencoreteams
wanttosharethestockoroptionsascompensation,theycannotshare
long-term-incentivewithprojectmembersswiftly,globallynoratalow-cost.

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Currentfundraisingsolutionsfornewproducts/servicesarenotgloballyorientedand
areusuallyslow.Additionally,somepeoplecannotacceptpaymentsbecausetheyare
unabletoopenbankaccountsorareunabletomakeapromiseasapublicrecord.
Wewouldliketocreateanecosystemwhereeveryoneintheworldcaneasily
participatebyusingadecentralizedinfrastructure,Ethereum.

Background:
Globalprojects,theInternetofValue.

Source:http://www.bloomberg.com/news/articles/2016-08-25/this-is-your-company-on-blockc
hain

Currentlyintheblockchainworldalotofprojectsarestartingfromcrowdsales,orby
creatingnewcryptocurrenciestofinancenewprojects.

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Newprojectsintheblockchainworldaremostlybasedonglobalindividuals.Financial
incentivesandhumanresourcesaremovingaroundbetweenindividualsquicklyand
globallywithcheaptransactionfees.

InthecaseofEthereum,roughly500kpeopleareholdingEthertokens,andtheyare
sharingtheintenseinterestandincentiveoftheproject.

Background:
TokenBasedCrowdfundingSolution
~Crowdfundingmarketgrowth~
Thecrowdfundingmarketisrapidlygrowing,anditdoublesinsizeyearbyyear.

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Background:
~Meritsforcoreteams~

ByusingICOsystem,coreteamscanmakerecruitingandfundraisingmoreefficient,
global,fast,andcheap-costtransactions.

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Background:
~Meritsforsupporters~

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StarbaseSolution
~FromIPOToIPO&ICOAge~

TheaboveisavisualizationofthetraditionalIPOtimeline.Itwilltakeabout5yearsfor
ashareholdertosellstocks,beforewhichitisalmostimpossibletosellunlistedstocks
tosomeone.

Inmostcasesventurecapitalsorangelshavetotakeahighfinancialriskforsupporting
it.Asimilarriskispresentwiththefoundersandco-workerswhichworkinstartups.

However,currentlymanynewprojectsaredoingICOs,andcanselltheirtokensin
additiontoquicklygainmanynewteammembersaroundtheglobe.

Thankstothedecentralizedvaluenetwork,permissionlessblockchain,somewhere
between1monthand2yearsafterthecrowdsale,thecoreteamstokenscanbetraded
onpubliccryptocurrencyexchanges,andgetsomereturns..

Byadaptingthismechanism,supporterscantakeengageinlowrisksupportofnew
startupsandventures.etothis,newstartupsandventurescanhavemoresupporters
globally,andmaybeabletoeasilyfundraiseabiggeramountquickly.

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 StarbaseOverview

ByusingStarbase,coreteams,suchasstartupfounders,newbusinessprojectleaders,
artistset.al,willbeabletoissueERC20typetokensontheblockchaininasimpleway.
StarbasewillfirstlyfocusontheEthereumblockchainandthestandardtypeoftokens,
ERC20tokens.

Starbaseteambelievestherewillbethousandsoftokensintheworldtocreatenew
innovations,currentlythereare600+tokensand$20B+marketcap,andStarbase
wouldliketosupporttokenissuance,sale&payment,especiallyforcrowdsourcing.

Figure:Starbaseoverview

1. Starbaseprovidesatechnicalinfrastructureforcoreteamstoissuetokensorto
givetokensasworkpaymentsorasalong-termincentive.
2. Starbaseprovidesatechnicalinfrastructureforcoreteamstoissuetokensin
ordertoraisefunds.
3. Starbaseprovidesatechnicalinfrastructureforsupporterstopurchasetokens
inordertosupportthefundraisersofcoreteams.
4. Starbaseprovidesatechnicalinfrastructureforsupporterstoworkforthecore
team'sprojectandreceivetokensaslongtermincentive.Tokenholdersare
motivatedtoraisethevalueofsaidtokens.

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 StarbaseInnovativeFeatures
whichcontributespublicblockchaineconomy

Starbaseprovidestokenbasedcrowdfundingandcrowdsourcingfornon-blockchain
people.Inordertoachievethepurpose,weprovidethesefeatures.
1. STARAccount
2. STARReward
3. STARProtection

Andwebelievethesefeaturesmakesmorenon-blockchainpeoplecanuseblockchain
tokenbasedsystem,andincreaseblockchainsystemutility.
StarbasestartsfromEthereumblockchaintoimplementthesefunctionalities.

FromMassolutionCrowdfundingIndustry2015Report

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 ~StarbaseasaCrowdfundingPlatform~

~Starbaseasfundingplatformusing
blockchain~

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Figure:AcomparisonbetweenStarbasewithothercrowdfundingplatform.

Starbaseprovidesnotonlyaglobal,fast,andsimplefundraisingsolutionatthe
crowdfunding,butalsosupportsthepreparationforacrowdsaleby
introducingearlypurchasers.

TheCoreteamcanpaytheirissuedtokensforsomejobsorcommitments
beforemakingthetokenstransferrableinexchangesaroundtheworld.

Thecoreteamscanalsomakeiteasyforsupporterstoacceptissuedtokens
paymentfromcoreteamsbycalculatingandvisualizingthevalueoftokens
issued.

StarbasePlatformTimelineForCoreteams

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Figure:CoreteamflowwhowouldliketouseStarbase

InnovativeprojectswhowouldliketouseStarbasewillfollowthepartofthistimeline,
suchasusingStarbaseonlyfortokenissuance,onlyfortokensales,or
onlyforrewardpayments.

1. TokenIssuancePhase

Starbase
Consumable/Rewardable/inflationary
TokenIssuanceTemplates

StarbasesupportscoreteamstokenissuanceviatheStarbasesmartcontract
templates.
Thecontracttemplateshave3basictypesofproperties;theyare:

1. Consumable.(Utilityvalue)
2. Rewardable.
3. Inflationary.

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 1. Consumablemeansthatthetokenscanbeusedfortheservice/product.
ExistingmodelsofconsumabletokensareFactoid,Ether,etc.Byimplementing
theconsumableproperty,coreteamscanofferdiscountforthetokenholders.
Afterwards,thecoreteamstokenholdercanexpecttousethecoreteams
servicecheaperthanusersafterlaunch.IthasresemblancetoKickstarter.

2. Rewardablemeansthatthetokenholderscanreceiverewardsfromthecore
teams.Rewardispaidbycoreteamsfromthelaunchedprojectrevenuebythe
formofEtherandTokensontheEthereumblockchain.Therefore,tokenholder
canexpecttherewardfromthecoreteams,andgetgoodreturnsfromthe
purchaseifeverythingisgoingwell.

3. Inflationarymeansthatthecoreteamscanissuemoretokensafterthefirst
crowdsalehasfinished.Coreteamscanpaynewlyissuedtokensfortheir
platformcontributororsellittothepublicforfuturefinancing.

Coreteamcancombinethese3propertieswiththepropertyvalue,andmakesmart
contractforthecoreteamstoken.

Wewillreviewthem,andifeverythingisinorder,thentheStarbasesystemallowsthe
coreteamtoissuetoken.Thentheycanstartthecampaign.

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 Figure1.Consumabletokenissuance.

Figure2.Rewardabletokenissuance

Figure3.Inflationarytokenissuance.


CoreteamswhichuseStarbaseplatformcancomposethesetokenpropertiesandissue
newtokensontheEthereumplatform.
Forexample:1)Anon-consumable,rewardable,non-inflationarytoken.2)A
consumable,rewardable,non-inflationarytoken.3)Aconsumable,non-rewardable,
inflationarytokenetc.

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 STARReward(Planning)
~RewardsystemforprojectsTokenHolders~

Starbaseimplements2waysofrewardingfunctionalitiesforinnovative
projectsincludingthosewhodontknoworuseblockchaintechnology.

1. STARReward-Deposit&Withdrawway
2. STARReward-Buybackprojectstokenway

AndtheserewardfeatureisfairlyStarbasecorefeaturetomakemoreglobal
innovationgrowwithmanystakeholdersandsupporters.

1-Deposit&Withdrawway

TheSTARRewardsystemisontheEthereumblockchainforSTARtokens,and
thecoreteamswillbeabletousetheEthereumblockchainfortheirplatform
launchaswell.Forcoreteamstokenholderstoreceiverewardsfromthe
coreteams,theyneedtoknowtheprivatekeysoftheiraddresses,orthe
walletprovidershouldcorrespondwiththerewardpayment.
Ifyoudepositacoreteamstokenonsomecryptocurrencyexchange,and
thecryptocurrencyexchangedoesnttreatthecoreteamstokenreward
payment,youwilllosetherewards.

Inordertopreventthelossofrewardpayments,theStarbaserewardsystem
isrequired.TheStarbaserewardsystemisdesignedwithsimplicityinmind.If
youwouldliketoreceiveacoreteamsreward,youneedtoclaimthatreward
yourselfbyusingMyEtherWalletorMistWallet,orsendthetokensto
StarbaseandclicktheClaimrewardsbutton.

Afterwardsyouwillreceiverewardsfromthecoreteams.ThisStarbase
rewardsystemalsoappliestotheSTARtoken.Therefore,fortheSTARtoken
holderstoreceiverewardsfromStarbase,theyneedtosendSTARtokensto
StarbasewebapplicationandclickClaimSTARtokenrewardsoruse
MyEtherWallet,Mistwallet,Metamask,orthecommandline.

ThisrewardmechanismisnotonlyusedforSTARtokendescribedbelow,but
alsoforothercoreteamstokenswhowilluseStarbaseplatform.

2-Buybackprojectstokensway

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TheSTARRewardsystemforBuybackisbasedontrustoftheprojectowner,
becausecurrentlywedonthavedecentralizedexchangewhichhasverifiable
functionalityofbuyingtheprojectstoken.

Starbaseisnotcryptocurrencyexchange,anddontdevelopit.With
exchangepartners,wewillimplementverifiablebuybackfeature.Thencore
teamscanbuybacktheirtokensandcanrewardtheirtokenholders.

Untilthen,StarbaseimplementstointerfacetosubmittheirclaimofThey
boughtxamountoftheirtokenontoEthereumblockchain,andalsousersof
Starbasewhichhastheirtokenscanknowthebuybackreward.

EarlyPurchaseSystem

TheStarbaseplatformprovidesanearlypurchasersystemforcoreteams
whichissuetokens.Thisisfairlyusefulforgettingthefirstbudgetfor
marketinganddevelopmentpriortothecrowdsale.

Untilthecrowdsalefinished,thecoreteamscannotmakechangestothe
bonusesofcrowdsalepurchasers.Therefore,theStarbaseearlypurchaser
tokenassignmentmechanismprovidesdecidesthepercentageoftotaltokens
whichareassignedtoearlypurchasersasabonus

Thisearlypurchasermechanismcreatesabigdifferencebetweentokensale
andtraditionalcrowdfunding/lendingplatforms.Thismakescoreteamsaim
togatherearlyangelsandteammembersrapidly,globally,andswiftlyfora
rocketstart.

Here'stheearlypurchaseflow
1. EarlypurchaserdepositBitcoin,Ethertothecoreteamsearly
purchaseaddresswhichisgeneratedforeachusersuniqueID.(i.e.
emailaddress)
2. DepositedBitcoin,Etherisautomaticallyforwardedtoearlypurchaser
addressmanagedbythecoreteam,notmanagedbyStarbase.
3. BitcoinandEtherareconvertedtosomeothercurrency,thentheearly
purchasewillbewrittenonthecontract.
4. Whencrowdsalestarts,crowdsalecontractreadstheearlypurchase
contractsinformation,thentheearlypurchaseswillbereflectedfor
thetokenbalances.

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TheStarbaseTokenwillalsousetheearlypurchasesystem.

Detailsofthecalculationsarebelow.
Afterthecrowdsalehasfinished,anearlypurchaserwillreceive:
{earlypurchaser_token_amount}={earlypurchaser_token_amount}*
{earlypurchase_value}/{total_earlypurchase_value}+
{crowdsale_token_amount}*{earlypurchase_value}/{earlypurchase_value}
+{crowdsale_value}

Afterthecrowdsalehasfinished,acrowdsalepurchaserwillreceive,
{crowdsale_purchaser_token_amount}={crowdsale_token_amount}
*{crowdsalePurchase_value}/{earlypurchase_value}+{crowdsale_value}

StarbasewillalsointroduceanearlypurchasesystemfortheSTARtokensale.
STAREarlypurchasewillbeimmediatelyfinishedwhenitreachesto6Million
CNY.Thecrowdsaletokenamountis125,000,000andearlypurchasebonusis
50,000,000.

Ifacrowdsalehasbonusmechanism,earlypurchasersofthecrowdsale
generallyhavethebestrateofthebonus.

Definition:
Countercurrency=Currencytouseforthecalculationpurpose
earlypurchaser_token_amount=Totalamountoftokenforallearly
purchasers
earlypurchase_value=Theamountofthecountercurrencytheearly
purchaserpaid
total_earlypurchase_value=Totalamountofthecountercurrencyearly
purchaserspaidintotal
crowdsale_token_amount=Totalamountoftokenforallcrowdsale
purchasers
crowdsale_value=Theamountofthecountercurrencythecrowdsale
purchasepaid

2. TokenSalesPhase
StarbaseRating&DueDiligenceoverview.

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TheStarbaseteamwillcheckthecoreteamsbusinessandmemberprofile,
andthetechnicaldetail.Heresthevisualpresentation:
http://www.slideshare.net/StarbaseGlobal/starbase-rating-due-diligence-fl
ow-71018567

Starbaseratingsystem
AllcoreteamswhichareformallycheckedbytheStarbaseplatformwillbe
ratedbyStarbasesratingpartnerortheStarbasecompany.Differentrating
partnersratingsareshownasuniquerating.

Ifacoreteamsratingislow,thensupporterswillreceiveanotificationwhen
theywanttosupportsaidcoreteamsuchasThiscoreteamprojectdoesnt
havegoodrating.

Ratingisimportanttoselectcoreteamsforearlypurchasephase.The
Starbaseplatformwilltrytohavemultipleratingpartnersandmakeitvery
informativeforanysupporterwhotakesariskbysupportingthem.

TheratingfeesforratingpartnersarepaidbytheStarbasecompanyrevenue.
TheStarbasecompanywillcontributetotheStarbaseplatforminorderto
improvetheratingsystemandprovidegoodprojectsuggestionsforusers.

Starbaseduediligenceprocess

AllcoreteamswhowhichareformallycheckedandratedbyStarbasecan
submitaCrowdsalerequest.Inorderfortherequesttobeapproved,core
teamswillbeduediligencedbytheStarbaseincubatorpartnersorthe
Starbasecompany.

Aftersaidprocessisover,itseithershownasApprovedby
{due_diligence_partner}/ApprovedbyStarbasecompany.oritsshownas
Rejectedby{due_diligence_partner}/RejectedbyStarbasecompany.

Untiltheduediligenceprocesshasnotbeenpassedthecoreteamcannot
startcrowdsale.

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Andifthevotingpointsforeachelementsarelow,thentheycannotstartdue
diligenceprocesswithStarbaseduediligencepartner.

ThefeesforduediligencepartnersarepaidbytheStarbasecompany
revenue.TheStarbasecompanywillcontributetotheStarbaseplatformto
improvetheduediligencesystemanddelivergoodandinnovativeprojects
forsupporterswhoarepassionateaboutsupportingsuchprojectsby
investingorworkinginthem.

Tokensaleinterface
Starbaseprovidescrowdfundingpageforstartups.ThenStarbasesupporters
canknowthecrowdfundingandeasilypayBitcoinorEthereumeasily.

3.AfterICO(TokenListed)Phase

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 MilestonePayments&ICOforcoreteams

Milestonepaymentflow

AllcoreteamswhouseStarbaseplatformwontgetmoneyinstantlyafter
theysoldtokenstothepublic.TheraisedmoneyisescrowedbyStarbase,a
3rdpartyteam,andthecoreteam.

TheCoreteamshouldsendaReleasemilestonerequesttoStarbaseand3rd
partyteam,andifthesetmilestoneisactuallyfulfilled,thenthecoreteam
canreceiveapartofthepayment.

WedefineICOasChangethestatusofaissuedtokentotransferablefrom
nontransferable.InorderforcoreteamstodoaICO,theyarerecommended
tobereviewedby3rdpartyandprovethattheycreatedtheservice/product
thattheypromised.Wewillsupportthemechanismwitha3rdpartypartner.

STARReward(Execution)
~Rewardsystemfortokenholders~

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AsmentionedatSTARReward(Planning)section,Starbaseplatformwill
provideimplements2waysofrewardingfunctionalitiesforinnovative
projectsincludingthosewhodontknoworuseblockchaintechnology.

1. STARReward-Deposit&Withdrawway
2. STARReward-Buybackprojectstokenway

Anycoreteamscanusetheserewardmechanismforrewardingtheirtoken
holders.

1.Deposit&Withdrawway

CoreteamsorsmartcontractsofcoreteamsneedtodeposittheirEtheror
ERC20tokenstoSTARRewardcontractandthentheprojectstokensholders
canwithdrawEtherortokensfromthecontract.

Inordertodeposit,coreteamsinputEtheramountandthememoofthe
information,andcandeposit

Thentokenholderscanwithdrawthedepositedrewardwithoutblockchain
detailedknowledge.Andtheuserinterfacewillbelikebelow.

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ByclickingGetRewardthentokensoftheuserswillbelockedupatthe
contractuntiltherewardtimeofthetoken(suchasonceinaquarter),andthen
userscangettherewardtotheusersEthereumaddress.

Therewardingmechanismhassomelockingmechanisminordertoincrease
STARandERC20tokensliquidity.

Everytransferabletokenshouldhavesameconditions,ifatransferabletoken
hasreward,andanothertokendoesnthavereward,itllhaveexchangeproblem.
Forexample,EthereumClassicreplayattacksonexchanges.

Andmostofexchangesdontliketheconditionaltransferabletokens,soevery
transferabletokenshouldhavesameconditions.

SoSTARrewardmechanismsolvestheproblembyputtingallrewardsto
not-transferabletokens.Onlylockedtokensholderscanreceiverewards,and
allrewardsareaccumulatedonlytolockedtokens.

Heresthediagramfordescribingmechanism.

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Alicewillreceiverewardswhenshelockstokens,andcanwithdrawthe
accumulatedrewardsinacertaintimewindow.

Bobwillreceiverewardswhenhelockstokens,andcanwithdrawthe
accumulatedrewardsinacertaintimewindow.HecannotreceiveRewardA,
becausehedidntlockhistokenatthetimeofRewardA.

Chriswillreceiverewardswhenhelockstokens,andsuccessivelywhenhecalls
functionofwithdrawReward.

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Davewillreceiverewardssuccessivelywhenhelocksthetoken,butafterhe
unlock,hecannotreceiverewardsfromthere.

2.Buybackway
Inordertorewardcoreteamstokenholders,coreteamscanbuybacktheir
owntokensfromexchanges.

Thenthepriceoftokenswillincreaseandexistingtokenholderscanbe
rewardedfromthepricechange.

STARAccount
~MultisigAccountforuserstoholdtheirownfund~

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StarbaseimplementsSTARAccountsystemwhichissimilartoBitgolike2of
3multisignatureaccount.

Starbaseserveraimsnottocontrolusersfundsforsolvingregulatoryissues,
anduserscanmanagetheirfundsbythemselveseasilywithoutblockchain
knowledge.Here'show"STARAccount"works:

1.STARAccountsystemis2of3multisig,usersholdtokensbytheirown
hands,becauseStarbaseonlyholds1keyofthe3keys
2.With2of3signatures,userscanexecutecertaintransactionsliketransfer,
receiverewards.
3.Userscansignbythemselvesusing1keysencryptedbytransaction
password,andtheotherisonStarbaseserver
4.Andthetransactionwillbebroadcastedfromtheusersclientorthe
Starbaseservertothenetworkandtransactionwillbeexecuted.

STARAccountisbasisforSTARRewardmechanism(DepositandWithdraw
typerewarddistributioncontract)andSTARProtection(EscrowwithPut
option)mechanism.

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 STARProtection
STARAccountForReleasingFundsToCoreTeam

Itsimportantforcoreteamstohaveescrowmechanismforincreasingtheir
trustability.

FromStarbasewebapplication,coreteamscanfindescrowpartnerandcreate
their2of3wallets,STARAccountone.

Byusingthemechanism,coreteamscannotrunawayandprovetheywilllikely
tofulfillthepromise.Escrowmechanismiscommonlyusedforblockchain
projects,andblockchainpeople,itseasytocreateescrowwalletandsystemby
themselvesanduseit,butnon-blockchaincompaniesitsstilldifficulttocreate
themandutilizeit.

STARProtection
Putoptionforsoldtokens

STARProtectionaimstoprotecttokenpurchasersofaproject.Coreteamcan
choosetomakeputoptionforgoingtoraise/raisedfunds.

Bypromisingminimumpriceoftokenbysmartcontract,tokenpurchaserscan
limittheirloss.

StarbaseRevenueProjection

TheStarbaseplatformrevenueiscomingfromthefollowing3sourcesand
revenueisdistributedtotheSTARholders.Theimportantfeestructure
ensuresthatStarbasedoesnttakefeesfrominvestors,orpayees.

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 1. Tokenissuancefee.Whenthecoreteamsnewtokenisissuedbyusing
theStarbaseplatform,theStarbaseplatformtakesaoperationalfeefor
newlyissuedtokens.

Figure1:Tokenissuancefee

2. Crowdsalefee.Whenthecoreteamsissuedtokensarepurchasedby
supporters,Starbasetakesafeeasaplatform.

Figure:2.Crowdsalefee

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 3. Crowdsourcingworkpaymentfee.Whenthecoreteamsissuedtokens
paidforsupporters,suchasfreelancers,engineers,teammembers,
marketers,legalprofessionaletc,thentheStarbaseplatformtakesa
paymentfee.ThefeeisonlyapplicablewhenthepayerusesaStarbase
smartcontractfortheirworkpaymentwhichissimilarastomost
crowdsourcingplatforms.

Figure:3.Workpaymentfees

These3typesoffeerateswillbeadjustedbytheStarbasecompanyinorder
tomeetthemarketneedsofcoreteamsandsupporters.

Ifwithin5years:
-Starbasesupports271coreteamstokensale&issuance
Average(expected)tokensaleamount:$500,000
Averagetokensalefee:$37,500
Averageissuedtokenvaluation:$1,500,000
Averagecrowdsaletokenfeebyoneclient(USD):$112,500
-Starbasesupports43,350workpayments,
Averageworkvalue:$2,000
Averagefeeperwork:$100

Then,within5yearstherewillbe:
271*($37,500+$112,500)+43,350works*$100=$44MStarbaseplatform
revenuedistribution.
Therefore,1STARtokenholderwillgenerallyreceive$0.011equivalentETH&
Coreteamstokens.

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Ifwithin5years,
-Starbaseplatformsupports0coreteamstokensale&issuance
Average(expected)tokensaleamount:$500,000
Averagetokensalefee:$37,500
Averageissuedtokenvaluation:$1,500,000
Averagecrowdsaletokenfeebyoneclient(USD):$112,500
-Starbaseplatformsupports0workpayments,
Averageworkvalue:$2,000
Averagefeeperwork:$100

Then,within5years,therewillbe
0*($37,500+$112,500)+0works*$100
=$0Starbaseplatformrevenuedistribution.
So1STARtokenholderwillreceivegenerally$0amountofETH&Coreteams
tokens.

TheTeam

Latestteammembersandadvisorsyoucanseefrom
https://starbase.co/about

TomoakiSato-Founder&BlockchainEngineer
-https://www.linkedin.com/in/tomoaki-sato-086a0555
-https://www.facebook.com/tomoaki.sato.35
-https://github.com/tomoaki12345
Justafterenteringuniversity,TomoakiSatostartedtoliveasanITentrepreneurway,the
firststartupisislamap,mapapplicationformuslimsinmuslimminoritycountriesinJapan.In
theway,hemetBitcoinandstarttothinkaboutusingitforislamicfinance.Howeverhewas
rapidlyattractedtothetechnologyitselfandthephilosophy,decentralization.Inthe
previousstartup,TomoakiSatodidblockchain&smartcontractdevelopmentsupport,
consulting,andheldconferenceasSmartContractJapanFounder,andheldmorethan400
peopleattendedconference.AlsohedidSmartContractMeetupweeklyinJapan.

Afterhemetwithvariousblockchainentrepreneursaroundtheworld,andcrowdsale&ICO
movements,hestartedtowanttobringthistechnologyforeveryoneeasytochallengenew
innovativeideas..SoheleftthecompanyandstartedStarbaseasFounderandBlockchain
developerinordertomakeglobaltokencrowdfunding&rewardpaymentplatform.

YuYamanaka-CTO
-https://www.linkedin.com/in/urelx
HewasJapaneselargestcurationmediainfrastructurelead,andcandoalmostanylarge
user-basewebapplicationtechnology.Buthewasnewtotheblockchaintechnologyand

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absorbedinit.Hecandoanythingfairlyinalargescalewithinfrastructureknowledgeand
experiences.Afterwemet,hequithisAIcompanyandstarttoworktogether.

ErnanaLuis-FrontendEngineer
-https://www.linkedin.com/in/ernaneluis/
LuishadastronginterestinblockchaintechnologyHedidblockchainresearchinBonn
universityandmadeEthereumappwithinaweek.Sincehewas15IstartedworkingwithWeb
Development,hehadinthepast4yearsexperiencewithMobileDevelopmentforiOSandthe
past5monthsIstartedworkingwithMobileHybridTechnology:Ionic2,whereIcouldbuild
AndroidandiOSmobileappsontopofWebTechnology,thatwayIcouldlearnmoreabout
Javascript,TypeScriptandAngular

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StarbaseMembers

StarbaseAdvisors

StarbaseIncubatorPartners

Starbasewillhaveincubatorpartnersaroundtheworldtospreadtheideaandto
enableglobalinnovation.Incubatorpartnersaretogenerallyintroducethetoken
basedfunding/team-makingsystemtostartupsasalternative.Ifsaidstartupswantto
useit,theywillbeabletouseStarbase.Iftheydecidetodoso,thentheywilldothe
duediligenceprocesswithpartnerinsteadoftheStarbasecompany,itsdescribedby
theStarbaseDueDiligenceSysteminalaterpartofthisdocuments.

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Jan,2017-TakumiInnovatorsandXNodebecameofficialincubatorpartnersinChina.

StarbaseRatingPartners

Starbaserecommendsratingpartnersforcoreteamswhoneedsratingtoincrease
theirtrustabilityorcoreteamscanfindbythemselvesandputtheratinginformation
withtheratingcompanynamereference.

Now,StarbasehasICORating,agloballeadingratingcompanywhoisprofessionally
specializedinICOprojects.Andinthelongrun,Starbasecompanywillhaveanother
ratingpartnersasrecommendation.

Oneofimportantreasonswerecommendssomeratingcompaniesas"ratingparnter"
isthatitsusefulforsupporterswhodon'tknowblockchainorcryptocurrencymarket
toknowaboutreliableratingcompanies.

Jan,2017-ICORatingbecameourratingpartner.

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TargetUserSegments

Inordertohavemarketadaption,itsimportanttotargetuniqueusersegments.
Starbasetargetstheseusersegments.

1ststep(2017Q4-2018Q2-Q4)

- Coreteam:
Innovativestartupsorindividualswhoneedsprivatecrowdfundingfirst.
Starbasehelpsdesigningtokensbytokentemplates,andthensupport
tokenissuance&tokenallocation&privatesaleoftokensbythemselves.
Currentlyincrowdfundingmarketplace,itsdifficulttostart
crowdfundingprivatelyasEarlypurchaseorEarlycontributionway,
butinblockchainworld,itsmoreeasytodoprivatesaleofcoreteam
tokensaslongassupportersbelievinginthecoreteam.

- Supporter:
Blockchainrelatedpurchasers,engineers,designerswhowanttosupport

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 globallyinnovativeprojectsbypurchasingtokensorworkingforthem.

Inthecurrentworld,itsdifficultforsupportingothercountriesproject
byinvestinginthem.Butbyusingtokens,aslongastheycanbuysome
cryptocurrenciesintheircountryfromtheirfiatcurrencies,theywillbe
abletosupportanycountriesprojects.

In1ststep,Starbasemainlyfocusesontokenpurchaserswhoalready
havecryptocurrencies,areinterestinginblockchain,orareinterestingin
investingglobalinnovativeprojectsastargetaudiences,becauseourfirst
importantstepistogathergoodcoreteams,andgoodcoreteamswould
liketohavetokenpurchasersasfastaspossible

2ndstep(2018Q2-Q4-2019Q4)

- Coreteam:
IaaS,PaaS,SaaSstartupswhohassoftwarelicensesorintangiblevalue
transactionsintheirplatformortheirservice,whetheritsB2C(Business
toCustomer),B2BorC2Cplatform.

- Supporter:
In2ndstep,Starbasestillcontinuetofocusonthosewhowantto
purchaseorhaveinnovativeprojecttokens.Starbasetrytomaketokens
valueaseasyaspossibletounderstandbyshowingvalueconvertedto$
orBTCexchangedvaluewiththetokens,andthecoreteams
information.

3rdstep(2019Q4~)
- Coreteam:
Starbaseconsiderstheworldwillhavemoreregulationsandrulesfor
blockchaintokens,andmoreandmorecompanieswillbeabletoadapt
blockchaintokenswithoutconcerningregulatoryortaxissues.

Starbasetargetsthosewhowouldliketostartnewglobalprojectsin
middleorbigcompanies.

- Supporters:
Starbaseexpandstargetsfreelancersorthosewhowanttoworkfor
startups.

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 STARToken(Symbol:STAR)Sale

Starbasewillissueinitial1Billion(=1,000,000,000)StarbaseTokens
(Currencysymbol:STAR).

TheSTARshallhaveaninputfunctionality,whichallowsadigitalinput
functiontoreceiveuserfees,generatedintheoperationoftheStarbase
platform

Ifyousawbeforever0.4xwhitepaper,pleaserefertoimportanttermchange
forregulatoryreasonfromhere.

STARtokeninitialallocationisasfollows:
12.5%:Publicsale
5%:EarlyPurchaserBonus
1.25%:Rewardformarketingcampaign
6.25%:FoundersandEarlycontributors.
75%:Starbasecompany.

STARConsumption(UtilityvalueofSTAR)

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 1. STARholderscanusepaySTARintheStarbaseplatformfortokenbased
crowdfundingandcrowdsourcing.
2. STARholderscanvoteonSTARDDsystembytheamountofSTAR

StarbaseplatformprovidetoolsforuserseasytoacceptthepaymentofSTAR
fortheirwork.AndaccordingtoSTARmarketprice,STARpaymentacceptors
canchangehowmanySTARstheyneedfortheirworkservice.

InEthereum,Factomlikedecentralizedplatform,Factoid,Ethercanbe
convertedtoEntrycreditorGastoreceivedecentralizedservicewithstable
value.Starbasewouldliketoachievesimilarsystembythepriceconversion
mechanismprovidedfromStarbaseplatformpricesystems.

STARRewardforSTARholders
TheSTARisarewardabletoken.TheStarbaseplatformpaysarewardtoSTAR
holdersfromtheStarbaseplatformfuturerevenue.Themaximumreward
amountiscappedto100timesoftheStarbasefundraisedamountattheSTAR
sale.

TherewardisgivenoutfromtheStarbaserevenueasdescribed.AllStarbase
platformrevenue.RewardsaredistributedontheEthereumblockchain,and
STARholderscanclaimandreceiverewardsproportionaltotheirowned
amountofSTARs.

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StarbaserewardpaymentwilloccureveryquarterandSTARholderscanclaim
rewardseitherontheEthereumblockchain,throughtheStarbasewebsite,or
via3rdpartyEthereumwalletcollaborator.

STARholderswillearnEther,ERC20typeTokens,andSTARontheEthereum
blockchain,becauseStarbaserevenueisfrom1.Tokensalefees,2.Token
issuancefees,3.Workpaymentfees.

RevenuesfromthefirstsourceisdistributedbyEthereum,andfromsources2
&3isdistributedbytheEthereumtokenissuedbythecoreteam.

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TheEthereumtokenrewardsaregoodforcoreteamswhouseStarbase.If
thereare20000STARholders,thenthecoreteamcandistributetheirproject
tokensto20,000individualswhicharelikelytosupporttheirprojectorinvest
more.

Inordertoreceiverewards,allSTARholdersneedstouseanEthereumwallet
suchasMisthttps://github.com/ethereum/mistortheStarbaseplatformin
ordertoclaimrewardsfromthere.
Thisistoinsurethesafetyofthetokenholders,sometokensmaydisappearin
non-awarewallets,suchascryptocurrencyexchanges.

STARInflation

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STARhasinflationmechanism.Afterthetokenbecomestransferrableafterthe
Starbaseplatformlaunch,thentheSTARinflationwillcommence.Aspecific
tokenaddress,whichisheldbytheStarbasecompany,willreceivenewtokens
fromtheinflation.

ThenewtokensfrominflationwillallbeusedfortheStarbaseplatform
development,marketing,andlegalcontingencies.

Maximuminflationis2.5%peryear+0.5%*{total_reward_paid_out}/
{total_tokensold_amount}intotal.

Forexample,iftheStarbaseplatformisinits3rdyearofoperationandhaspaid
out3timesthefundraisedamountofEtherandEthereumtokensonthe
ethereumblockchaintoallSTARholders,thenthemaximuminflationbythe
Starbasecompanycanbe2.5*3+0.5%*3=9%intotal.

STARLockupMechanism
~ForStarbaseCompany~
75%ofSTARarelocked,unlesstheconditionsforafurtherContributionPeriod
apply.Everyyear,StarbasecompanyisentitledtoholdaContributionPeriod,
duringwhichitallocatesStarbasecompanyfromPoolCinreturnforContributions.
Ingeneral,StarbasecompanywillannounceeveryyearinJune.

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ContributionPeriodandunderwhichconditionsitwilltakeplace.Ifthisisthecase,
suchaContributionPeriodshallstartinJulyofthesameyearandlastfor4Weeks.
TheallocationofStarbasecompanytotheUsersofsuchaContributionPeriodwill
bethenmadeinAugustofthesameyear.Thenextyear'smaximumamountofSTAR,
whichcanbecreatedduringsuchaContributionPeriod,willbeannouncedeach
yearbeforeDecember31andthismaximumamountofSTARshallnotexceed
100'000'000STAR.

SuchfurtherContributionPeriodsarepossibleonlyfor450'000'000STARofPoolC
havebeenallocatedtoUsers.

Theremaining300'000'000STARremainnot-transferable.Attheinitialyear,all
STARallocatedtoStarbasecompanyarenot-transferabletokens.

STARbecomestransferableonlywhenStarbasecompanydoescrowdsaleforfurther
developmentandmarketingofStarbaseplatformonceinayear.Andthecrowdsale
timeisonceinayear,maximumtokenssoldwillbebelow100M(=10%)andthe
discountrateinthesaledependsonthemarketcondition.Anditllbeabout10%.
Not-soldSTARsatthesalewillbelockedagainfor6months.

STARLockupMechanism
~ForFoundersandEarlyContributors~

TheStarbasefoundersandearlycontributorstokenscannotbetransferredwithin1
year.After1yearhaspassedthen1/52oftheamountcanbetransferredweekly.

Forexample,ifanearlycontributorhas520,000tokensatthetimeoftheStarbase
platformrelease,thentheycantransfer10,000STARperweekafter1yearhas
passedsincetheplatformlaunch.

InStarbasecase,tokensallocatedtoStarbasefoundersandearlycontributors
tokensarelock-upedinthisway.

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 STARLiquidity
STARwillbeasaERC20typetokenwhichiscommonlyacceptedatmajor
cryptocurrencyexchanges,e.g.Poloniex.

ListofpopularERC20typetokensintheworld
(referencedfrom:https://etherscan.io)

TheStarbaseteamwilltrytogettheSTARlistedbythemajorcryptocurrency
exchangesaroundtheworld.

Therefore,theSTARholderswillbeabletoselltheirSTARonthemarketafter
theSTARbecomestransferrable.

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 STARBountyCampaign

Starbaseplatformwillhavebountycampaignsformarketing.TheStarbaseplatform
willuseamaximumof1.25%oftheSTAR(12.5MSTAR)formarketingcontributors.
Severaltypesofmarketingendeavourswillbeled:

1. Facebookcampaign.(Like,Comment,Share)
2. Twittercampaign.(Follow,Retweet)
3. Blogarticlescampaign.
4. Newslettersubscriptioncampaign.
5. Whitepaper&websitetranslationcampaign.
6. Slackparticipation
7. Earlypurchaserrecommendationcampaign.
8. OthercontributionsfortheStarbaseplatform.

Starbasebountypage

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Image2:StarbaseBountyDashboard

BountycampaigndetailswillbelaterdescribedintheStarbaseblog:
https://blog.starbase.co

Andbountycampaignsiteishttps://bounty.starbase.co

STARCrowdsaleBonusSchedule

STARcrowdsalewilllast45days,andbelowthetimebonusfortoken
purchasers.Ifyouboughtearlier,youcangetabiggerbonusforyour
purchasedamount.

Forexample,apersonpurchases$1000worthoftokensbyusingETHorBTC
duringthe15%bonusperiod,thenafterthesalehasfinished,thepurchasewill
becountedas$1150andwillreceiveSTARs2weeksaftertheendofthetoken
sale.

StarbaseBonusSchedulewillbeasfollows:
1st~7thday:20%bonus

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 8th~21thday:15%bonus
22th~35thday:10%bonus
36th~42thday:5%bonus
43th~45thday:0%bonus

Ifwedonotraise$2.5Mwithin45days,thenwewillextendthedurationofthetoken
saletofundraisethatamount.Theextendedtokensalewillbeimmediatelyfinished
whenthefundedamountreaches$2.5M.Theextendedsaletokenbonuspercentage
willbeasdescribedbelow.

StarbaseExtendedSaleTermBonusScheduleisbelow.

46th~48thday:20%bonus
49th~51stday:15%bonus
52nd~54thday:10%bonus
55th~57thday:5%bonus

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 58th~60thday:0%bonus
61st~120thday:{number_of_days}-60*1%bonus

MinimumFundingAmount

Starbasewillcommenceoperationsaslongasitraises$1,000,000duringthe
Starbasetokensale.Tokensaleincludesearlypurchaseandcrowdsale.

StarbaseFundedValueUsage

TheamountfundedwillbeusedfortheStarbaseplatformasfollows:
1. Development(50%-75%).
2. Businessdevelopment(Marketing&Sales&Consulting)(20%-45%).
3. Legal(10%-25%).

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 4. Contingency(5-10%)

Developmentcaninclude,butisnotlimitedto:
-Starbasecrowdsourcingfrontendwebapplication.
-Starbasemultisignaturewalletswhichcanbemanagedbytheusers
themselves,andnotbyStarbasecompany.
-StarbasevalueAPIfortokenissuance&rewardpayments
-StarbasevalueAPIfortokendeposit&transfer&withdrawal.
-Ethereumtokencontracttemplatesforcoreteams.
-WorkpaymentbyBitcoin,Ethereum,andcoreteamstokensUX.
-Cold&Hotwalletseparationmechanism.

BusinessDevelopmentcostscaninclude,butarenotlimitedto:
-Holdworkshopsforglobaltokenbasedfundingfornewservice/product
development.
-CreateapressreleaseforStarbaseplatformlaunch&updates.
-Collaboratewithratingagenciesforcoreteamstobeabletochooserating
agenciesandcollaboratewiththemtoincreasetheirtrust.
-CollaboratewithVCsorincubatorsforcoreteamstobeabletochoosedue
diligencecompaniesandstartcrowdsale.
-CollaboratewithIncubatorstoprovideworkshopstobringstartupsand
supporterswhodontknowmuchaboutblockchainorinternetofvalueto
tokensale&ICOworld.
-DevelopenterpriseacceptableschemeforVCassupporter(investor).
-Holdengineerworkshopsforpeoplewhowanttosupportglobalinnovative
startupsassupporters(developers,designers,legalorfinancialprofessionals).

Legalcostscaninclude,butisnotlimitedto:
- Company establishment and opening a bank account and taxation after
talking with Switzerland, Singapore, Luxembourg lawyers for developing the
globalStarbaseplatform.
-Legaladviceandendorsementforthebusinessfromgovernmentsor
authorities.

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-Discussionwithregulators,lawyersandaccountantsinSwitzerland,
Singapore,Luxembourg.
-Jurisdictionoperatinglicenses,suchasthePaymentInstitutionLicense
-KnowYourCustomerlegaldatabase,ifrequired.
-Preparationofdataprotectionandlegaladmissionforregulationsinthe
countriesinwhichStarbaseoperates.
-Legalstaffingcosts.

StarbaseasHRTechnology

StarbasepositionsinHRtechnology,withitsfastandgloballong-term
incentivesystemwillraisethepopularityandtokenvalue.

ByusingStarbase,coreteamscanpayissuedtokensaslong-termincentivesfor
supporters.Thiswillcreatebenefitsforcoreteamswhodonthavemuchinitial
capital.

Sharinglong-termincentiveswithsupporters,ifthevalueisvisibleenough,
nicelyworkssimilartostockoptions,phantomstocks,andSARdoesincurrent
companymodels.

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 StarbaseinthePermissionlessBlockchain
Ecosystem

Starbasemissioninthepermissionlessblockchaincontextistoincreasethe
non-blockchainuserutilizationoftheglobalpermissionlessblockchainas
internetofvaluefornewprojects..

Summary:
1. Makemorenon-blockchainusersutilizeblockchain,globalInternetof
Value.
2. Starbasefocusesontokenissuance&rewardpaymentfunctionalities
morethantokentransfer,exchangefunctionalities.
3. Starbaseenablemoreinnovativeprojectseasilydoingbountycampaign
4. Starbaseenablemoreinnovativeprojectseasilydoingtokenissuance
5. Providenewtokenissuancetemplatesforcoreteams.

MeritsofUsingtheEthereumBlockchain

ByusingEthereumfortheStarbaseplatformdevelopment,thenuserscan
gainthefollowing:

1. Moreliquiditythananyothertokentypes,becausetheycanbeeasily
listedoncryptocurrencyexchanges.Wewillissuetokensusingthe
ERC20standardwhichmostcommonlyused.Itisthesamestandard
aswithREP,DGD,MKR,SNGLS,etc.)

2. Highsecurityasmanysavvyengineersarealreadyusingit,andthe
coreisalsorapidlybeingmaintained.

3. Transparentsmartcontractwhichcanbeusedunderreliabletoken
conditions.

4. Ethereumhasthesecondmarketcapinthecryptocurrencies,and
decentralizedlargenetworkandgeneralcomputationplatform
already.

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FromCoinMarketCap,Ethereumisthesecond

Therefore,weareusingEthereumfortheSTARandcoreteamstokensfor
thefirst.

Starbasedevelopmentplanandbudget

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Risk

Thisdocumentpurpose:
Thefinancialprojectionsareestimations.Thereisnoguaranteethattheywill
bemet.Thiswhitepaperisnotanoffer,butisinformationalinnature.This
documentisnotforU.S.residentsorcitizens.

PurchaseofSTAR:
ThepurchaseofSTAR,asdescribedherein,entailsahighdegreeofriskandis
onlysuitableforthosewhocanaffordatotallossoftheirpurchase.

Nowarranty:
PurchasersneedtounderstandthatthereisnowarrantywhatsoeveronSTAR,
expressorimpliedtotheextentpermittedbylaw,andunderstandthatStarbase
PTE.LTD.orrelatedprojectmemberswillnotprovideanyrefundofthe
purchaseofSTARunderanycircumstances.

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DissolutionofStarbaseteamduetoadiminishmentinthevalueoftokens:
Itispossiblethatthetokenvaluemaydropsignificantlyinthefuture,which
maydeprivetheStarbaseofsufficientresourcestocontinuetooperate.

Nonrefundable:
AllpurchaseofSTARarefinalandnon-refundable.Byparticipatinginthe
StarbaseToken(Symbol:STAR)Sale,youacknowledgethattheStarbasesystem
isnotrequiredtoprovidearefundforanyreason,andthatyouwillnotreceive
moneyorothercompensationinlieuofarefund.

Taxation:
AnyStarbasepartymakesnorepresentationsconcerningthetaximplicationsof
participatingintheCrowdfunding,makingdonations,orreceivingandholding
Tokens.Youbearthesoleresponsibilityfordeterminingorassessingthetax
implicationsofyourparticipationintheSTARsale.ByparticipatingintheSTAR
sale,youagreethatnootherparty(including,withoutlimitationtoanyStarbase
party)maybeheldliableforanylossarisingoutof,orinanywayconnectedto.

AcceptanceoftermsandconditionsoftheCrowdfunding:
ByparticipatingintheCrowdfunding,youexpresslyacknowledgeandrepresent
thatyouhavecarefullyreviewedthesetermsandconditions,theWhitepaper,
thewebsiteandfullyunderstandtherisks,costs,andbenefitsassociatedwith
Tokens.Therefore,youagreetobeboundbythesetermsandconditions.

Rewardbasedsoftwareproduct:
STAR is a software product given as a reward for participating in the Starbase
platform. There are no guarantees of their future value.STAR is neither a
securityNORainvestmentoffering.

VisionAgain

~Everyoneeasytochallange~

References

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[1] Satoshi.Nakamoto,"Bitcoin:APeer-to-PeerElectronicCashSystem,"2008.[Online].
Available:http://bitcoin.org/bitcoin.pdf.[Accessed10092015].

[2] Vitelik.Buterin,ANext-GenerationSmartContractandDecentralizedApplication
Platform,2013.https://github.com/ethereum/wiki/wiki/White-Paper

[3] Gavin.Wood,"Ethereum:ASecureDecentralizedGeneralisedTransactionLedger,"
2014.http://gavwood.com/paper.pdf

[4] ERC20TypeTokens.ERC:TokenStandardq
https://github.com/ethereum/EIPs/issues/20

[5] Jae.Kwon,"CosmosANetworkofDistributedLedgers"2016.
https://cosmos.network/whitepaper

[6] David.A.Johnston,TheGeneralTheoryofDecentralizedApplications,Dapps,2014.
https://github.com/DavidJohnstonCEO/DecentralizedApplications

[7] DanielLarimer,NedScott,VZavgorodnev,BJohnson,JCalfee,MVandeberg,Steem
Anincentivized,blockchain-basedsocialmediaplatform.,2016
https://steem.io/SteemWhitePaper.pdf

[8] AnthonyC.Eufemio,KaiC.Chng,ShaunDjie,DigixsWhitepaper:TheGoldStandard
inCryptoAssets2016https://dgx.io/whitepaper.pdf

[9] PaulSnow,BrianDeery,JackLu,DavidJohnston,PeterKirbyFactom~Business
ProcessesSecuredbyImmutableAuditTrailsontheBlockchain~,2014
https://github.com/FactomProject/FactomDocs/blob/master/whitepaper.md

[10]TimM.Zagar,JaniValjavec,ZenelBatagelj,ErvinU.Kovac,AlesLekse,OpenFund
ManagementPlatformtodisrupttheinvestmentindustry,2016
https://www.iconomi.net/ICONOMI_Whitepaper.pdf

[11] JRWillett,MaranHidskes,DavidJohnston,RonGross,MarvSchneider,OmniProtocol
Specification(formerlyMastercoin),2016
https://www.iconomi.net/ICONOMI_Whitepaper.pdf

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