Innovative cross-chain fundraising platform CoreStarter, has concluded a successful private funding round that saw the emerging blockchain protocol raise a substantial amount of funds. Official sources have confirmed that CoreStarter raised $1.32 million from various investors, such as SL2 Capital, Insignius Capital, AU21, and R8 Capital.
Other investors that participated in the fundraiser include; BTW Foundation, Oracles Investment Group, DCI Capital, Infinity Gainz, NGC Ventures, Neo|Matrix Ventures, Down Under Capital, Halvings Capital, Infinity Capital, Limbo, and Extra Watts. The project revealed that the influx of fresh capital will scale up activities, expand its operations, and add more product features that will meet the needs of the users.
Creating an Equitable Earning Opportunity for Investors
The project is a decentralized fundraising platform that connects DeFi projects with the fair investors – members of CoreStarter. Like most fundraising launchpads, investors need to stake their tokens to access projects and contribute funds for a successful raise, with intent of earning certain staking interests. However, much attention is usually given to large investors or those that stake a large number of tokens, while small investors are usually less regarded.
CoreStarter has employed a model that gives power to small investors, breaking the typical barrier that only empowers large investors. With the platform’s reverse algorithm, these small token holders will earn higher interest than large investors from their staked tokens. Users can earn interests as high as 75% APY from their staked tokens, depending on the duration of their investments.
Token holders also have some privileges in the community. It is the first find of a revolutionary governance system that will weigh votes depending on the amount of tokens staked. Holders can also help vet DeFi projects and generate liquidity for these projects using the staking program. Owners can also launch their NFT projects and sell the digital art for $CSTR tokens.
Upcoming Mainnet Launch
The launchpad is preparing for its mainnet launch, alongside its token generation, DEX, and CEX listing in this last quarter of 2021. CoreStarter will launch fully on the Solana network, generate more CSTR, and list the token on DEX and CEXs. This next development comes after the platform successfully concluded its testnet a few months ago.
The team is looking forward to new milestones, such as expanding the platform, developing the NFT marketplace, and launching it on mainnet later this year. The team also plans to launch on more blockchains, fulfilling its promise of strengthening interoperability.
About CoreStarter
CoreStarter is a decentralized, cross-chain fundraising launchpad that allows users earn high-yields from staking across Solana, Polkadot, Binance, Cardano, Ethereum, etc. CoreStarter creates a level playing ground for small startup investors to earn. With its interoperable structure, members can raise liquidity from all chains for DeFi projects that have been vetted by the team of experts.
Social Media Links
Website: https://corestarter.com
Facebook: https://www.facebook.com/CoreStarter
Twitter: https://twitter.com/CoreStarter
LinkedIn: https://www.linkedin.com/company/core-starter
Instagram: https://www.instagram.com/corestarter
