BSCstarter, a community-focused fundraising platform, today announced the launch of WSB token through an exclusive partnership with WallStreetBets DApp, a decentralized application of the popular subreddit /r/wallstreetbets.
The WallstreetBets DApp is a creation of WallStreetBets, an establishment behind the global movement against the current financial system, financial institutions, and Wall Street. Inspired by their aligning visions of a financial democracy, BSCstarter, and WallStreetBets DApp will launch the official WSB token through an Initial Dex Offering (IDO) on BSCstarter’s launchpad.
As a decentralized fundraising platform, BSCstarter allows the community to vote prior to approving a project seeking to raise funds through their platform. Projects simply apply to be considered by the community members. The number of votes from the community decides whether a project is eligible, or not, to raise funds through an IDO on BSCstarter. From vote to launch, every step of the process is an automated feature of the platform that relies on the action of each community member.
“We are very excited to support the initiatives of WallStreetBets and WSB because of our shared values. 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.”
– Lionel Iruk, Special Counsel at BSCstarter
The WSB DApp, a decentralized application powered by WallStreetBets, is at the heart of the WSB ecosystem that will reallocate the special privileges of closed-door institutions to the individuals in the community. The WSB DApp provides financial instruments on the blockchain that resemble index funds, which can provide portfolio diversification at low costs with strong long-term returns.