Today, we welcome Crowdstart Capital as a new member of the European Blockchain Association! Crowdstart Capital, or CSC, will take over the EBA accelerator node with the mission to promote blockchain-based startups throughout Europe.
As part of the deal, CSC will bring 40% of the total amount of their Crowdstart Coin XSC crypto currency. XSC has been around for some time in the crypto space. It has been distributed by CSC for free to reward developers and engineers for adding valuable code to the blockchain community. You can read more about the CSC story here.
We at the EBA will distribute XSC to our members – as a starter when they actually become members, and throughout their membership for activities and assets they add to the blockchain community. We are in the process of defining specific activities and will publish a list of these, later on. Our goal is to use XSC as the EBA’s currency, or the financial lubricant that facilitates the EBA incentive scheme.
It’s an experiment and we can’t guarantee that it will work out as expected. We probably will have to adapt the scheme now and then, and we are open for suggestions for improvement. Feel free to contact us and discuss the Crowdstart Coin XSC with us!