Project Selection mechanism

COSEM or Compound Selection Model

Current IDO launchpads do not have a general mechanism for selecting projects for raising funds. They are so-called centralised as do not take their investors’ opinion on whether or not a project should hold sales or not. They lack the basic “trustless” ideology.

Bullstarter is proud to create its own unique way of making decisions regarding the selection of projects. This unique and organised way of selecting projects for IDO is known as Compound Selection Model.

How does COSEM work?

  • A project fills an application providing basic details necessary and asked for. Initially, it will be free and later there will be a nominal fee for filling it up.

  • The team will then validate all the details. If the project is good enough, then it will be selected for the next stage, which is the live AMA round.

  • In this Live AMA round, there will be an investor and our team panel which will listen to the project’s team and this AMA will be streamed online. Investors will include top venture capitals, KOLs and influencers. (Some confidential questions won’t be streamed).

  • Our community could watch this AMA session and then through our governance model vote on whether they are interested in investing in these projects or not.

  • The governance model will work in the following way :

Benefits of COSEM

  • The community has the equal power to vote on the selection of a project. They are not driven by the launchpads’ decisions.

  • The projects' team can interact with top venture capitalists and KOLs who can help their project/idea reach further.

  • The project will have a great summary of their vision which will help them to the vast majority of audiences and bring in major mainstream interests.

  • It will bring out the true essence of decentralisation which the current launchpad ecosystem in the crypto industry lacks.

  • Venture Capitals looking for investment opportunities to invest in will also get benefitted from this.

  • This model is a revolution when it comes to project selection. Selecting a project for IDO is the most crucial task a launchpad has to do and our model makes it a lot easier and removes the FUD(Fear, Uncertainty and Doubt) layer that lies in it.

Last updated