Starter xyz Guide: Participation in IDO, Tiers and Launchpad Requirements
What Is Starter?
Starter is a blockchain startup launchpad that runs on Binance Smart Chain, Ethereum, Fantom, Polygon, Pulsechain and Avalanche.
As a reminder, Launchpad is a platform to raise funds for an early-stage crypto project from retail investors rather than funds. As a reward for participating in an early-stage project launch, investors get early access to innovative product features.
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Should I choose Starter?
Starter is unique due to the number of networks it supports. Its users do not need to go through KYC to participate in IDO, which provides anonymity for cryptocurrency enthusiasts.
Moreover, this platform has a user-friendly interface and excellent documentation.
Considering the above, and the fact that Starter is one of the top 20 most profitable launchpads, this project is worth paying attention to.
How Does Starter Work?
Starter works in a slightly different way to other launchpads. This is because it supports several networks at the same time. Depending on the network used, the user of this launchpad, in addition to the native Starter.xyz [START] token, must also have a specific cryptocurrency in their wallet. This is needed to receive the START-LP token, which is used by the site when conducting an IDO. Different user tiers are used for each network.
Binance Smart Chain
At the time of writing, the value of the START token is £3.72.
Statistics and Performance
According to cryptorank.io, Starter is the sixteenth-largest launchpad. So far, Starter has raised $3.42 million in investments, with an average ROI of 32.62x.
The results of the most recent IDOs held at Starter are shown in the following table.
Cake Monster [MONSTA]
Fomo Labs [FOMO]
WallStreetBets DApp [WSB]
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What do you need to participate in IDO on Starter?
To participate in IDO, the user needs to do the following
How do I buy START? Read our detailed guide here.
How to get whitelisted on Starter IDO: Pool Rules
Depending on which network the project you want to participate in the IDO is running on, the procedure for whitelisting will be different.
For the PulseChain and Binance Smart Chain networks, purchasing START tokens in the required amount, depending on the level, will be sufficient.
Let's break down the process using the Binance Smart Chain network as an example:
The amount of START you have set depends on the level that you will receive and the number of tokens that will be available for purchase as a result of the IDO.
Silver tier requires between 50 and 499 START tokens. This tier is without a guaranteed allocation. This means that when FCFS opens, you can buy IDO tokens as long as there are enough tokens available for sale.
To get the GOLD tier, you need 500 START tokens or more. When you receive this tier you are guaranteed a distribution, and the more tokens you put in, the bigger the size of the guaranteed allocation will be.
1250-2499 START tokens will enable you to reach the Platinum tier. In addition to the guaranteed allocation at this level, the user will receive a share of the BNB collected in the platform fees by successful IDOs and access to the Platinum member club.
The DIAMOND tier is available from 2,500 START tokens. Users will get access to exclusive news and VIP sales, among other things.
For Ethereum, Fantom, Polygon and Avalanche networks, a dedicated token is required. It requires a native network token and a START token.
For example, in the case of the Avalanche network, you will need an AVAX token and a START token. Once you have AVAX and START tokens, they need to be exchanged for AVAX/START LP tokens at Pangolin.Exchange.
The features of user tier SILVER, GOLD, PLATINUM and DIAMOND are similar to those in the Binance Smart Chain network.
In order for the user to understand the rules of a particular network, Starter offers a detailed manual, which is available by clicking on the How-to Guide button on the left-hand side of the launchpad.
How to participate in Starter IDO
To take part in the IDO at Starter, you need to complete several specific actions. The Polygon network will be used as an example in this review.
Step 1 — Connecting a crypto wallet
To get started, you need to connect a cryptocurrency wallet to the Starter launchpad. We recommend using the MetaMask web wallet, as it works with all the networks that Starter supports. You can read a detailed review of this wallet in our article.
To connect the crypto wallet, click the Connect Wallet button in the top-right corner of the website. Follow the on-screen instructions, it will take no more than a minute to connect your crypto wallet. Once it's connected, your wallet number will be displayed instead of the Connect Wallet button.
Step 2 — Buy START tokens
The next step is to buy START tokens. This token can be bought on the Pancake Swap, MEXC Global and Quickswap exchanges.
Step 3 — Stake tokens
The user must stake in START tokens. The amount of the stake depends on which tier the user wants to get.
Step 4 — Participation in IDO
The next step is to select a project to participate in IDO. On the left panel, click on the Pools button. A list of past, current and future projects will be displayed.
Clicking on the project name will open a page with detailed information. To take part in IDO, you have to wait until it starts and submit your application.
How to participate in an IDO held on networks that require a START LP token can be found in the video below. The Polygon network is shown as an example:
The developers of Starter take their platform seriously, as evidenced by the detailed documentation for the project. It can be found at this link.
The information contained in this article is for information purposes only. It should not be construed as financial advice. Investing in cryptocurrency involves significant risk of loss, and we advise you to consult a financial advisor if you decide to invest in cryptocurrency. Remember that all investments are made at your own risk.
Is Starter available in the UK?
Starter is not a scam, the site is legal and available in the UK.
Is Starter Safe?
Starter developers are very security-conscious. To date, no hacking of the site has been detected.
How do I participate in Starter?
To participate in IDO on Starter, you must first connect your cryptocurrency wallet to the project website. Then you need to purchase START tokens. After purchasing tokens, you need to stake, then choose a suitable project and take part in IDO.
Starter is a young and dynamic platform for launching blockchain start-ups on multiple networks. The Launchpad has a user-friendly interface, detailed project documentation and excellent support.
However, the fact that there is no KYC on the site raises questions. On the one hand, such a solution attracts cryptocurrency enthusiasts who want to remain anonymous; but on the other hand, it may discourage those who are worried about their investments.
Starter Rating Summary
We have analyzed the main advantages and disadvantages of Starter based on 3 important parameters for choosing IDO:
- Trustworthy (we made an independent research based on Trustpilot reviews and other independent sources on the internet).
- Our usability tests and experts researches.
- Analysis of token value, capitalization and value forecasts for the year by analysts.
Based on all this data, an independent rating was compiled