FAQ for STAR Early Purchase

Q1.  Which crypto currencies are you accepting ?

Bitcoin or Ether

Q2. How is the whole process of early purchase?

1. After you read terms and condition here, if you agree, you need to send your Ethereum address which is securely managed solely by you to Starbase company early purchase email address here [email protected]

If you don’t know about Ethereum address, here’s we describe how you can make Ethereum address. https://www.youtube.com/watch?v=L5ibTdUzlwc

2. Starbase will send you Bitcoin and Ethereum address which belongs to Starbase PTE. LTD. in Singapore.

3. You send Bitcoin or Ethereum to the Bitcoin address, or Ethereum address you receive at email from [email protected]

4. Starbase calculates the amount of purchase by converting Bitcoin or Ether to CNY from these API results, Bitcoin: http://api.coindesk.com/v1/bpi/historical/, Ether : https://min-api.cryptocompare.com/data/pricehistorical?fsym=ETH&tsyms=USD, USD/CNY http://www.xe.com/currencytables/, and write the CNY based purchase amount onto Starbase early purchase contract when the early purchase term finished.

5. After early purchase term finish, Starbase team finish to write all early purchase records onto Starbase early purchase contract on Ethereum blockchain.

6. After crowdsale term finish, STAR token purchasers'(crowdsale purchasers and early purchasers) STAR amount will be fixed.

7. STAR token is generated to the Ethereum address you sent in the “2” process, but the STAR can not transfer from the Ethereum address until Starbase platform launches in Q4, 2017.

8. After Starbase platform launches, STAR becomes transferrable and you can send and you will be able to sell on major crypto currency exchanges.

Q3. is there any extra benefits from being an early buyer?

The amount of STAR you will receive depends on how much we will raise from early purchase and crowdsale term. And the calculation is this as whitepaper.
“`
After crowdsale finished, early purchaser will receive
{earlypurchaser_token_amount} = {earlypurchaser_token_amount} * {earlypurchase_value}/{total_earlypurchase_value} + {crowdsale_token_amount} *{earlypurchase_value}/ {earlypurchase_value} + {crowdsale_value}

After crowdsale finished, crowdsale purchaser will receive,
{crowdsale_purchaser_token_amount} = {crowdsale_token_amount} *{crowdsalePurchase_value}/ {earlypurchase_value} + {crowdsale_value}
“`

You can simulate purchase as early purchaser from this spreadsheet  (you can copy and edit from here).

Q4. Terms and Condition for Starbase early purchasers

 

You need to agree to this Terms and Condition before your early purchase.

 

Q5.I would like to know if there is a minimum amount to contribute to become an early contributor,

 

No minimum amount

 

Last Updated, 03/ 07, 2017