• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
Cross Coin ICO to Use Venture Tokens, Raise Investments for Funding Startups at U.S-Russian Starta Accelerator

Cross Coin ICO to Use Venture Tokens, Raise Investments for Funding Startups at U.S-Russian Starta Accelerator

Bitcoin PR Buzz by Bitcoin PR Buzz
6 years ago
in Bitcoin PR Buzz, Press releases
0

Blockchain platform Cross Coin has announced its plans to launch an ICO crowdsale, with an investment target of between $1.5 million and $5 million. The investment raised will be utilized to develop a large pool of technology startups under the Russian and American project Starta Accelerator. Cross Coin is expecting significant speculative interest in the secondary markets for its venture tokens, which will eventually end up driving its price further upwards.

[Note: This is a press release.]


Cross Coin has enabled its investors to maximize their returns by giving them the option to exit their positions at any stage of the project. Investors can also trade Cross Coin tokens on the secondary market while participating in the various growth stages of all the 21 startups.

Based in Singapore, Cross Coin intends to release the full 5 million tokens during its upcoming ICO. The ICO price per token has been set at $1.00 — a price which, the company believes will interest a large range of potential investors in the venture capital industry.

Cross Coin plans to allocate the first $1.5 million raised in the ICO to refinancing the 21 startups that passed the Starta Accelerator Program in 2016/2017. Any remaining funds after the successful allocation of the first tranche of funds will be set aside for investing in the next group of startups at the Starta Accelerator program.

News about the purchase of startups by strategic investors – ‘exits,’ in venture terminology – exercises a tremendous influence upon the price of their shares on the secondary market.  In this instance, the Cross Coin token issuer will get a percentage of the profits gained by the Starta Accelerator from the exit of each startup. Cross Coin will receive 33% of all the revenues generated from the exits. The profits, after deducting expenses will be utilized by the platform to buy back the tokens at market price.

Additional news triggers that influence the secondary market value of the tokens include an increase in revenues generated by the startups, partnerships with major market participants, signing up large players as clients of B2B startups, and acceptance of startups to large accelerator programs and further rounds of investments.

The prominent members of this combined project include Alexey Girin and Kayrat Kaliyev. Alexey Girin is an investor, co-founder and managing director of Starta Capital VC fund and Starta Accelerator. He brings over ten years of experience in venture capital sector to promote the accelerator program in the right direction. Similarly,  Kaliyev with over 13 years of experience in the financial sector, is also the deputy director of the Financial Technology Department at the Astana International Financial Center in Kazakhstan. He plays an important part in the ICO as the head of Cross Coin.

Starta Accelerator is an initiative of Starta Capital Foundation, and it was started in 2015 in New York, USA. The program is geared towards a business and cultural adaptation in the USA and integration into the investment ecosystem of technological startups from Russia and the Eastern European countries.

Cross Coin has call options for 33% of the Starta Accelerator 16/17 SPV, a company that owns 7% in each of 20 startups and 2% in the 21st start-up, all of which passed the Starta Accelerator program in 2016-2017. Each of the pool’s companies has been appraised with a market value of $1.9 million or higher.


Images courtesy of Starta Accelerator, AdobeStock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoin PR Buzz

Bitcoin PR Buzz

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

Related Posts

Ethereum (ETH) and Ripple (XRP) Show Resilience; Guaranteed Returns with New Crypto

Ethereum (ETH) and Ripple (XRP) Show Resilience; Guaranteed Returns with New Crypto

8 hours ago
HODL or LOL? Meme Coin Enthusiasts Predict Shiba Memu’s Price in 2023.

HODL or LOL? Meme Coin Enthusiasts Predict Shiba Memu’s Price in 2023.

8 hours ago
New Cryptocurrency Meminator Set to Crush the Competing Meme Coins

New Cryptocurrency Meminator Set to Crush the Competing Meme Coins

8 hours ago
From Underdogs to Titans: How Ethereum (ETH), Stellar (XLM), and Kangamoon (KANG) Are Revolutionizing the Crypto Space!

From Underdogs to Titans: How Ethereum (ETH), Stellar (XLM), and Kangamoon (KANG) Are Revolutionizing the Crypto Space!

13 hours ago
Solana Sees Inflows, Shiba Inu Development to Lead Rally, Pomerdoge Closes in on Milestone

Solana Sees Inflows, Shiba Inu Development to Lead Rally, Pomerdoge Closes in on Milestone

13 hours ago
Shibarium, XRP, and Bitcoin Spark are rumored to be in the Spotlight of Wall Street Investors

Shibarium, XRP, and Bitcoin Spark are rumored to be in the Spotlight of Wall Street Investors

13 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Ethereum (ETH) and Ripple (XRP) Show Resilience; Guaranteed...

    8 hours ago
  • HODL or LOL? Meme Coin Enthusiasts Predict Shiba Memu’s...

    8 hours ago
  • New Cryptocurrency Meminator Set to Crush the Competing...

    8 hours ago
  • From Underdogs to Titans: How Ethereum (ETH), Stellar...

    13 hours ago
  • Solana Sees Inflows, Shiba Inu Development to Lead Rally...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.