wallstreetbets-dapp logo download PNG or SVG

Information about wallstreetbets-dapp

WSB DApp is a decentralized platform that emulates the popular r/wallstreetbets community. By being community-owned and operated, it aims to promote the unrestricted flow of public information and opinions, leading to practical outcomes. The purpose is to enable everyone to collectively take risks and make investment decisions together. Unlike traditional asset management, which primarily focuses on wealth management, WSB DAO seeks to give power back to the people. It challenges the centralized financial institutions such as Banks and Hedge Funds that profit from selling financial products to retail investors, as they set their own rules and charge fees for managing them.

Utilizing blockchain technology, which is a distributed network, WSB DApp ensures fair and transparent sharing of information and democratic accessibility to financial assets. The blockchain network has facilitated the trading of financial assets valued at over $1 trillion in daily volume. WSB DApp creates Exchange Traded Portfolios (ETPs) comprised of cryptocurrencies and synthetic stocks. Users of WSB DApp not only interact with these ETPs but also possess direct voting rights.

The WSB Token is the native cryptocurrency of the platform. It grants users several benefits, including the opportunity to earn rewards through farming. Additionally, WSB Token holders can participate in voting on ETP proposals, influence their composition, and determine the allocation of treasury funds.

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