What is Starter.xyz?
Early stage project launches eventually take the form of Initial Decentralized Offerings, or IDOs, and comes with a myriad of unnecessary risks for both developers and investors alike. With new tokens popping up constantly, it can be nearly impossible for investors to sort out the gems from the scams and for legitimate developers to stand out from the pack. Developers looking to launch a new project face the daunting tasks of constructing a fair presale offering, attracting investors that will support their vision, and then providing liquidity for their token. Investors acting alone must sort through a crowded landscape of projects and create their own metrics for evaluating presales.
In the spirit of decentralization, Starter provides an ecosystem that empowers the community of BUIDL token holders to ensure the fair launch of new projects for developers and investors. Through a simple on-chain application, developers may submit their IDOs to the Starter community for them to review the project and terms of the presale.The BUIDL token rewards holders who stake their tokens on the platform by allowing them to vote on which projects are launched on the platform and participate in the approved presale projects, placing the power in the hands of investors.