The Founder of r/WallStreetBets Launches a dApp for Investment
Jaime Rogozinsky, the founder of the legendary subreddit r/WallStreetBets that made big corporations shiver, launches a decentralized app for creating collateralized ETPs to invest in. It’s called WallStreetBets after the subreddit to be easily recognized.
This product carries the idea of the Reddit community of standing against manipulations on the stock market. ETPs are very similar to the indexed funds but can be managed in a decentralized way which will prevent them from being used in the interests of any group.
Although it is blockchain-based, it’s focused on the investment in the traditional securities. The owners of WSB tokens will be able to vote for the rebalance of portfolios, creating fair conditions for all the investors and companies.