Crowdstart Capital (CSC) is one of the first technology accelerators to offer its own ERC20 digital tokens – the CrowdstartCoin XSC. CSC’s overall goal is to support the evolution of the blockchain technology ecosystem and direct this evolution toward the development of enterprise-ready tools. CrowdstartCoins generated will be directly distributed to the active developer community laying the basis for a cryptoeconomic incentive scheme designed to support the further evolution of the blockchain ecosystem.
Developers committing code to key blockchain projects can opt-in to receive CrowdstartCoins for every line of code that is accepted for their respective projects. CSC will set up a smart-contract-based system to pay out tokens according to the accepted commits. Technologies to be supported by these incentives include the core protocols of leading blockchains, e.g. Ethereum, IOTA, Monero, QTUM, EOS, etc.
In the scheme’s third phase, members of the community will be able to suggest projects to be rewarded with CrowdstartCoins. A liquid feedback model will be used to enable community voting and determine which blockchain projects should be included.
Beside this incentivization of blockchain resources and the allocation towards the core elements of the ecosystem itself, CSC aims to support specific blockchain- directed initiatives and startups through a startup acceleration process.