Introduction to BinStarter

BinStarter Multichain Launchpad Basics
BinStarter is a decentralized insurance protocol which has a mining-style approval mechanism that brings together projects and liquidity providers. This insurance is designed to examine the projects according to certain criteria for 30 days and to protect liquidity providers from possible damages against any negativities that may occur.
The Presale Problem
BinStarter has a different working structure than other platforms that provide solutions for IDO. Although BinStarter is considered as a decentralized structure, it is actually subject to approval with an "evaluation pool" and number of protocols 
It works in a structure similar to the mining system in bitcoin, inspired by the blockchain approval mechanism. So, what is the advantage of this structure? 
In decentralized structures, the control mechanisms are still not at a sufficient level, so project owners or liquidity providers may be damaged due to various reasons. We can summarize the most common problems as follows; 
1.Software Errors 
Project owners sometimes encounter various problems while collecting funds due to the mistakes of their own software developers or 3rd party API services; 
Site crash and data loss as a result of overloading  
Instant changes in token sale price due to price volatility  
Theft of funds by malicious people in the project 
Errors caused by 3rd party organizations 
The promised software does not work 
2. Fund and Token Related Errors 
Failure to adhere to the disclosed token distribution  
Raising funds outside the supply-demand balance 
Incorrect planning of the token inflation process  
Incorrect planning of the private sale process 
3. Cases Arising from People 
Project owners acting out of purpose  
Acting out of purpose by the people in the project 
4. Cases Originating from Investors 
Overselling of users with large amounts of coins / tokens 
5.Exchange Based Cases 
Inflation processes due to stock exchange agreements  
Fake volume and price applications 
Unfortunately, as a result of these and other reasons, the growth rate of the ecosystem can be negatively affected. Even in very professional and highly demanded projects, we can often encounter the above results. BinStarter, which has an insurance protocol that protects liquidity providers from possible fraud cases and an approval mechanism such as an "evaluation pool", has been developed to provide the clearest solution to this issue, without fundraising concerns of project owners. 
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BinStarter Multichain Launchpad Basics

The Presale Problem