Sunday, June 20, 2021
Home Crypto News Market Founder Of WallStreetBets Subreddit Will Launch A dapp To Invest In ETP

Founder Of WallStreetBets Subreddit Will Launch A dapp To Invest In ETP

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Jaime Rogozinski, founder of the r/WallStreetBets community on the Reddit media platform, will launch a decentralized exchange product (Dapp) for investment in Exchange traded fund (ETP).


The WallStreetBets Dapp is based on the decentralized autonomous organization model. App users will be able to vote using WSB governance tokens.

 

According to the press release, the product is aimed at combating stock market manipulation. The application is based on blockchain technology, but is intended for investments in traditional securities.

“Renowned members of the WallStreetBets community are working with financial technology and blockchain experts to create exchange-traded products. Despite the similarities to ETFs, ETPs can be managed in a fully decentralized manner, ” the message says.

Recall that in January 2021, members of the WallStreetBets community provoked a three-digit growth in the shares of GameStop. This is how retail traders fought big players who were short.

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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