Starta Accelerator, a New York-based fintech accelerator, has announced the launch of an accelerator program for startups working with blockchain technology.

Called “Token Rockets”, the program is designed for startups whose business model is either based on or can be improved by blockchain technology.

According to the official release, tech startups from the countries of Eastern Europe will be able to implement or develop blockchain models within their businesses from this month, as well as prepare and conduct a crowdfunding campaign to sell and distribute cryptographic tokens. The training will culminate in a new crowdsale of cryptographic tokens for each of the startups.

“One of the options for developing such startups will be the introduction of tokens into the business model - for example, as a means of settlement between counterparties or participants in the ecosystem. The final part of the program – the token sale – is not only a means of funding startups, but also an opportunity to form a circle of regular users interested in the development of the project and ready to give feedback about the product,” explains Ekaterina Dorozhkina, Head of Starta Accelerator.

For this initiative, Starta Accelerator has partnered with the Waves Blockchain Platform, as well as the Singapore-based Cross Coin, which has become a partner in cryptocurrency technologies.

“Blockchain technology can improve business processes and disrupt entire branches of the traditional economy. We will see significant progress in the coming years. Raising funds for the development of business in the cryptocurrency sector is another promising area for blockchain use. According to experts, startups have raised up to $1.2 billion in crowdfunding campaigns in the cryptocurrency market since the beginning of 2017 alone,” adds Sasha Ivanov, founder and CEO of Waves.

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