Tuesday, August 9, 2022
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

- Advertisement -
Follow-Us-On-Google-News

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.

- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Bernnan
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

How Decentralized Finance (DeFi) Can Bank The Unbanked

In the world of blockchain, the vast majority of decentralized finance news focuses on how this industry can further innovate financial technology, improving existing...

Why Are Most P2Es So Boring?

P2E (play-to-earn) games have been around for quite a while now. Numerous platforms have entered the market, each trying something different and at least...

Keninah Takes Donation Blockchain To a New Level Alongside Cardano

The coin market has seen significant growth since the introduction of the first crypto asset – Bitcoin. The changes in structure, however, use cases,...

Mike Novogratz Says Ethereum Could Reach $2,200 Before The Merge

  Mike Novogratz predicts Ethereum might hit $2,200 or more before its Merge release. window.coinzilla_display = window.coinzilla_display ||...

FTX Partners Reddit to Enable Redditors to Utilize Their Community Points for On-Chain Transactions 

  Redditors can use community points for on-chain transactions via FTX Pay.  window.coinzilla_display = window.coinzilla_display || ; ...

Iran Makes First Crypto-Based Import Order Worth $10 Million

  The Iranian government makes its first payment in cryptocurrency for imports totaling $10 million. window.coinzilla_display = window.coinzilla_display...

PIXXTASY Project – Don’t Use. Just Own It.

PIXXTASY is the brainchild of Zoltán Egri, a man who overcame a two-year drug addiction and has since become a serious anti-drug advocate. His...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.