Community culture is the pillar of web3. Because it has spread to all aspects of society, investment is no exception. On the other hand, we still need more effective collective investment tools. Syndicate, a blockchain company, envisions a future of seamless cooperation among capital, social networks and communities. In other words, community driven, interoperable and decentralized investment is its goal. To this end, the company is developing tools to invest and finance in web3 specific ways. The following is an introduction to the company's first two types of products.
Up to 99 people can gather together to pool their capital into a syndicate investment club and collectively invest in crypto assets, such as NFTs, ERC 20 cryptocurrencies and web3 companies. It is also possible to invest in assets outside the chain, such as stocks of start-ups. However, clubs must manually record investments outside the chain. Members can monitor and manage all assets through syndication's dashboard.
The club is created by administrators who connect the web3 wallet with the application. Here you can watch the demonstration of launching the investment club. The administrator can then invite members to join the club. The club may establish a legal entity if it wishes. If the club plans to invest in equity in a start-up, it must establish a legal entity.
All members of the investment club should contribute and actively participate in investment decisions. Each member must have a wallet compatible with web3, such as MetaMask, to join and transfer funds to the club's wallet. After creation, each club will receive its own ERC-20 token. Each member's share in the club's wallet represents their share. After the funds are deposited in the club, everyone will get their own ERC, that is, 20 tokens proportional to their contribution. This sharing method follows the model proposed by Balaji Srinivasan, a syndication investor.
These tokens are not transferable; They can only be cast and burned. When someone joins the club for the first time, they are forged. If a member leaves the club, they are burned. Their main function is to govern tokens. Therefore, members can use tools such as snapshot and coordinator to vote and coordinate the community. The compatibility of ERC-20 tokens in the ecosystem allows integration with more tools. Members can use the built-in syndication application to transfer ownership from one wallet to another.
Syndicate has a codeless tool that allows anyone to build a web3 social network. These social networks are called collectives, and they work like clubs, because there must be an administrator to create and operate them. Members connect the collective through the web3 wallet and hold the collective NFT.
Syndicates collectively are ERC-721 smart contracts owned by their communities. This means that a collective will interoperate with everything in the web3 ecosystem where ERC-721 tokens work, including investment clubs and other future products of syndication. These interoperable and compatible ERC-721 collections are the first road to web3 local investment platform targeted by Syndicate. The company will add more tools and integration to enable communities and capital to work together.
Ian Lee is one of the founders of the company. As an important blockchain company aiming at reform and investment, Syndicate is supported by leading venture capital companies and well-known private investors. They include Anderson Horowitz, IDEO CoLab Ventures, Bitcoin Base Venture Capital, Alexis O'Hanian, Matthew Ball and Snoopy Doug. Web3 raised more than $28 million from these investors. The company cooperates with Latham&Watkins, a global blockchain law firm, to solve legal problems, and with Doola to provide compliance services.
To sum up, this is an introduction to the two products of the blockchain company SYNDICATE, namely, the investment club and the collective operation of web3. Syndication aims at community driven, interoperable and decentralized investment. To this end, the company is developing tools to invest and finance in web3 specific ways. Together, they support the necessary infrastructure to realize the blockchain driven social investment vision.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023