STARAMBA.Token Design and Lifecycle Explained

STARAMBA, the Germany-based producer of products and services for the VR market is launching the pre-sale of its STARAMBA.Token, the digital currency for STARAMBA.spaces on June 20.

The token design and lifecycle concept of the digital currency follows the standard token design of Leondrino currencies and are subject — similarly to national Fiat currencies of a state’s central bank — to a managed lifecycle. The standard lifecycle of a Leondrino currency includes certain phases and events that are the same for all Leondrino currencies, but which can be of different lengths independent of the performance and success of the brands associated with it or can vary over the course of time.

Provided the private branded currency has not been issued by an already established and globally active brand, the use of Leondrino requires a gradual approach, prioritizing the development of the community, before fundraising becomes more important.

The STARAMBA.Token lifecycle begins with the Initial Consumer Engagement Phase, which serves to inform early supporters and beta testers of STARAMBA.spaces and future consumers about the planned introduction of the branded currency to gain their support. During this phase, STARAMBA distributes a limited number of STARAMBA.Tokens of token class D, free of charge. During this time, these tokens are only secured by a pledge for future services given by STARAMBA SE. There are no other securities at this time and trading is not yet possible.

During the Initial Consumer Engagement Phase, supporters benefit from special marketing events, airdrops. Inviting friends and taking part in surveys and interaction as part of marketing calls are especially rewarded here. Since early support for the development of STARAMBA.spaces and the success of the Initial Token Offering (ITO) is particularly important, airdrops are bigger in the beginning rather than in the end of this phase. Specific information on how to qualify for airdrops will be disclosed before the airdrop phase, as well as when and how the STARAMBA.Token account is credited. Read more about participation at our website.

In addition, selected professional investors will have the opportunity to secure early allocations of the STARAMBA currency (Token class A). A convertible loan (Leondrino Convertible) has been chosen as the contract form, including automatic conversion into the STARAMBA currency at attractive preferential conditions related to the price with the establishment of the public trading of STARAMBA.Token (in the Leondrino context referred to as Initial Public Leondrino Offering).

Professional investors also have the opportunity to subscribe to so-called SAFT (Simple Agreement on Future Token) agreements adapted to the German jurisdiction. With the sales launch of STARAMBA.Token, the Initial Token Offering (ITO), consumers can buy a limited number of STARAMBA.Tokens. STARAMBA.Tokens can be purchased from the Leondrino Wallet, paid for with national USD currency by credit card or transfer or with cryptocurrencies Bitcoin (BTC) or Ether (ETH), but the volume per person and per transaction is limited.

According to the total value of the tokens purchased per person, KYC rules are implemented and applied via the Video Ident procedure of IDnow. The price amounts to $0.10 per STARAMBA.Token, with purchasers receiving a discount during the World Cup 2018 weeks (during the first week, from June 20, a 30% discount; during the second week, a 20% discount and in the third week, a 10% discount).

The second phase is called Seed Circular Economy and begins with the changeover of STARAMBA.Tokens of class D to Token class C (according to the Leondrino Standard). This phase is distinguished by the fact that henceforth the STARAMBA.Token can be used for the sale of an initially limited STARAMBA.spaces goods and services offer in the form of pre-orders. The Growth Circular Economy is the third phase of the STARAMBA.Token lifecycle, where there is a changeover from Token class C to Token class B.

This phase is distinguished from the previous phase by restricted trading within the STARAMBA.spaces ecosystem. STARAMBA.Tokens can be used for the purchase of an expanded STARAMBA.spaces goods and services offer.

The STT token value is projected to rise from $0.1 to $1–1.4 in a short time because of fixed pricing of products within STARAMBA of 1 STT = $1–1.4. Enter the ITO now before STARAMBA’s token economy opens up to institutional investors as part of the future ILO.

With the Initial (Public) Leondrino Offering (ILO), the STARAMBA.Token is introduced to public currency trading by one or more crypto exchanges. At this time, potential convertible bonds for STARAMBA currency, subscribed to as part of pre-sales contracts by early-phase investors and acting as support for faster growth will no longer be available. At the same time, the fourth phase begins, titled Post ILO Phase. This phase is distinguished by the fact that the previous class B STARAMBA.Token is changed over to the highest Leondrino Token class A, which can now be publicly traded and henceforth fulfills the functions of money.

The STARAMBA.Token supply is initially managed passively (passive supply). STARAMBA currency can be converted to national currencies at a market-based exchange rate and can be used to buy all products, goods and services of STARAMBA.Spaces and its ecosystem partners.

During the post-ILO phase, there are still certain restrictions in transaction volumes for large investors. These rules are necessary tools for a passive money supply control in the initial phase of public trading to avoid extreme volatility.

The last phase is the steady state of the publicly-traded STARAMBA currency with active money supply control (algorithmically-driven active supply, by the LEX algorithm and the Monetary Board) of STARAMBA currency, according to the long-term currency policy previously agreed upon in the Leondrino contract between Leondrino Exchange and STARAMBA SE and is called Sustainable Circular Economy. The objective here is limited volatility, comparable with a basecoin approach, but here for a dedicated branded currency.

In this phase, highly regulated institutional investors, such as insurance companies and pension funds, can also invest. Finally, an exit or delisting can occur for the following reasons: Because of the currency performing too poorly (valuation and transaction volumes) over a certain period or because of a takeover bid of STARAMBA.spaces by another company.

The STT token value is projected to rise from $0.1 to $1–1.4 in a short time because of fixed pricing of products within STARAMBA of 1 STT = $1–1.4. Enter the ITO now before STARAMBA’s token economy opens up to institutional investors as part of the future ILO.

Don’t miss out! Sign up for the presale now.

To learn more about STARAMBA and its upcoming ITO, please visit the official website staramba.com.