Read on Twitter
Thread to sum up the potential of @WeOwnMarket . After 3 years of development I do think the platform will soon be reaching maturity to bring real world usage. Today, the potential of $CHX seems bigger than ever
#STO #DeFi #Lending #Debt #Forex
#STO #DeFi #Lending #Debt #Forex
1/ @definitynetwork is coming as a distributed exchange for digital securities (forex, equity, debt, etc) and will be running on top of WeOwn blockchain, so every transaction will use CHX as fee.
2/ Definity PoC will first target #FX market thanks to a partnership with #DMALINK which is the largest financial market in the world. The number of tx on the blockchain can quickly increase if they does it well, and CHX staking APY with it…
3/ ETH bridge is coming with a new wallet release and it will become possible to list wCHX on ETH DEXs. This will also be an important milestone for DeFinity since it will allow the listing of wrapped FX tokens on the exchange.
4/ New retail investor app is coming with integrated secondary market, crypto and securities transactions, etc.
5/ New B2B platform is coming with many advanced management features for institutional investors (banks, hedge-funds, etc): shared register, data analytic, SME rating, portfolio management, etc. Founders worked many years at @Computershare so they know this part very well.
6/ We might start seeing some STOs (private ones at least). @Ragtschaa recently shared a slide in german where he mentioned 10 STOs but nothing has been confirmed. https://twitter.com/Ragtschaa/status/1356187699372240897
7/ Lending and debt product should finally be released publically: those markets might move faster than STOs thanks to easier regulation/paperwork. Leasing and real estate products are developed by partners and will be using the @WeOwnMarket platform as well.
8/ Remember that every STO, debt/lending, etc on the platform will lock at least 1% of its value in chx bought on the open market within a collateral pool. 0.5% will be burned after successful offering.
9/ Money-turtle app has already been released to raise money from family and friends. It is actually a nice idea that can solve a real problem for retails, but in my opinion it is clearly not the main product of @WeOwnMarket
10/ White-labeled STO/lending/debt products seems to have much more potential: white labeling their products is very smart because it de-multiply the potential of every product.
11/ WeOwn is not targeting crypto community but SMEs funding which is not going to go away even after the bull run. This is a fintech company targeting the traditional finance market using the tools of DeFi to make it cheaper and faster for everyone while fully regulated.
12/ Now think about the potential rewards of running a private validator for $CHX blockchain...
