Short Description: Starflow crypto economics enable StarCoin & ProtoStar circulation between four groups of receivers: Empowered Individuals (the creators), Brands, Value & Service providers, and the consumers (followers).
Category: Tokens Cryptocurrency
The Starflow cryptoeconomics are divided in two layers. A B2B layer on a blockchain (StarCoins) where all transactions between the value creators, external companies (called Brands), all types of participating value and service providers are conducted. The Blockchain layer, with all its benefits, will increase efficiency, enable international reach without remittance, cutting costs and saving time. Brands will use StarCoin based on an ERC20 Token to reward and pay creators and service and value providers for their achievements and contributions in content production. Creators will get paid in the network with StarCoins as they create value in cooperation with brands. In the process, not only will the creator receive the payment faster, but also cut layers of unnecessary middlemen, insuring significant increased efficiency and resulting in improved, measurable value creation. Partners, service providers and other value providers will also buy and get paid with StarCoins for their contribution and value creation in the ecosystem. Brands who would like to run campaigns with creators, would have discounts by the collaboration on the platform. This will drive traffic and demand for the StarCoin. Consumers will use ProtoStar, an off-chain payment solution which handles instant micro-payments inside the Starflow network. ProtoStars are exchangeable with StarCoins at the rate 1 StarCoin = 1000 ProtoStars. Creators will earn ProtoStars, as consumers will use them to buy and access premium content, merchandise and other experiences in the network. They will eventually rise to participate freely in the value creating StarCoin environment. StarCoin is an ERC20 Token, which will be traded on exchanges like Etherdelta, Yobit.net etc. ProtoStars are not ERC20 tokens and will only be available to trade inside the Starflow network.