Rugs can easily overshadow the great potential of our growing ecosystem. We are here to present the community with tools to help change that.
Innovation for bootstrapped projects has been grinding to a halt on the Ethereum blockchain. Exorbitant gas fees have nearly caused new project launches to stall and existing projects to lose user engagement — staking, claiming, and normal trades are costing ETH users hundreds in transaction fees.
And this trend will likely continue. But innovation cannot be stopped. Over the past quarter, developers have sought lower-cost options to deploy their experiments. The Binance Smart Chain (BSC) has become the go-to platform for new product launches based on Solidity, and for existing projects looking to stay alive. BSC launchpads today are increasingly bureaucratic — requiring KYC and a manual selection process that is a reminder of the old barriers that have traditionally kept new innovation only accessible to the rich. We believe communities are an important contributor to addressing many of the world's problems. We believe, that given the correct tools, communities can come together and take matters into their own hands. That is why we have developed BSCstarter — it is a community-governed launchpad for raising capital for BSC projects, that isn’t filled with government red tape and KYC rules. Instead, it is the BSCstarter community that will determine which projects to list. It is the BSCstarter community that uses their collective due diligence and DYOR skills to vote Yes or No on projects coming through BSCstarter looking for funds. The BSCstarter community is self-empowered to: Performing due diligence on every submitted application on their own For community members holding at least 1,000 START tokens, approving or denying applicants Any community and non-community member can invest in approved START projects Community members can approve a future grant of 1,000 START tokens if the project is on track as promised one month after the sale FREE audit for projects who successfully complete a raise, by a trusted community auditor not corporate suit auditors There are no special conditions — every project approved by our community is automatically given a 1,000 START token Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap. The BSCstarter developers benefit from: * A reliable and vibrant, fully self-governed community seeking trustworthy launches on BSC * An open and self-service application process, available for a one-man dev shop or 100-man operation * An ecosystem that will help increase their chances of success via connections and potential partners who are aligned with their vision * FREE contract audits by well-known community members (Rug Detectives and VidarTheAuditor) * A wonderful user experience for their customers