The WallstreetBets DApp is reiterating their goal of disrupting the financial system with the recent collaboration with BSCstarter to launch the highly anticipated IDO of $WSB. The partnership makes BSCstarter the only platform to host the public token sale, as the WallstreetBets DApp continues in pursuit of the goal of delivering financial democracy to millions of people across the globe, especially members of the revolutionary BSC community.
“We are very excited to support the initiatives of WallStreetBets and $WSB because of our shared values,” said Lionel Iruk, Special Counsel at BSCstarter. “We believe everyone should have the opportunity to benefit from our financial products and services while becoming better investors through learning how to do their own research and having a voice in the community.”
The emergence of digital currency and blockchain technology has undoubtedly disrupted the traditional financial system. The last few years have witnessed several manipulations of the market, with tons of financial institutions benefiting from such practices while leaving the average investors exploited and excluded. However, it is looking like the dawn of a new beginning, with the coming together of WallStreetBets and BSCstarter to champion changes in the financial system and offer more transparent products and services to liberate the stakeholders in the industry and give power to members of the community.
BSCstarter currently stands as the only truly decentralized fundraising platform and the first-of-its-kind in the industry, allowing the community to vote concerning any fundraising campaign before being launched on the platform. The seemingly user-friendly process requires projects to apply to the platform for evaluation by the community members, with the number of votes determining the eligibility or otherwise of the project to raise funds through an IDO on BSCstarter. The platform offers an automated feature that simplifies the process and makes it even more transparent.
The public IDO was launched by the partnership between BSCstarter and WallStreetBets on Tuesday, April 20, 2021, and sold out almost immediately. The WSB DApp, which is powered by WallStreetBets is pivotal to the $WSB ecosystem as the functionality reallocating the special privileges of closed-door institutions to community members. It offers blockchain-backed financial instruments similar to index funds, offering a diversified portfolio at relatively low costs with amazing long-term returns.
BSCstarter is the first community-driven launchpad for Binance Smart Chain (BSC) designed to provide projects access to funding opportunities without the stress associated with bureaucratic hurdles, complex KYC requirements and a manual selection process. The solution offered by BSCstarter is designed to allow the community to determine the projects to be listed using collective due diligence and DYOR skills. It provides a decentralized fundraising platform to deliver a community-driven, open and free with equal opportunity for all, ultimately empowering investors to filter through the messy landscape where rug pulls overshadow the potential of BSC’s growing ecosystem.
About WallStreetBets DApp
WSB DApp is a decentralized application created by the global phenomenon r/WallStreetBets original co-founder and one of its moderators to solve the problems associated with fees and market manipulation that have solely benefited centralized financial institutions for over a century.