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HomeCrypto NewsMarketFounder 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).

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

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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 Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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