Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Bit.Store Platform Launches Social-Fi Collaborative Investment

Published

on

 

Web3.0 social-fi pioneer Bit.Store has achieved a new milestone on its mission to democratize investment with the launch of a DAO-driven investment portfolio. DAO members can opt into a trading algorithm that aggregates investment and trading sentiment of all participating members. Using Bit.Store’s native token, STORE, members can both invest in and cast votes on investment opportunities that are both proposed and decided algorithmically in aggregate through smart contracts.

From its inception, Bit.Store focused on building a community when it entered a market entirely dominated by platforms that kept their users isolated from one another. The obvious question at the time was, “what if all these users had the opportunity to collaborate?” If millions of users could signal their sentiments and decisions, a public aggregate of that would be an extremely powerful tool for small investors.

Bit.Store began by designing social functions to allow investors to support one another and share knowledge, while safely and easily participating in the crypto investment market.

This is how Bit.Store became the first investment DAO social-fi model, connecting investors from all over the world so that users can share trading information and trading strategies, learning from each other to make trading more efficient and tapping into the wisdom of the crowd. Individual decision-making is enhanced by insight into the sentiments and decision making of the entire community.

Advertisement

In this latest development, each member of the DAO can create their own portfolio as well as join an aggregate portfolio DAO for collaborative investing. DAO members make investment proposals through the DAO, and investment decisions are based on DAO voting results through the STORE utility token. Members of the DAO may have the right to exit positions or terminate their participation in the aggregate portfolio at any point in time.

Trading information shared by each member of the DAO is public and stored in the blockchain. Anyone can access the information to ensure the platform is open and transparent.

STORE utility functions include voting, sharing, documentation, discussion, governance, and more. It was first created to quantify user stake in the community through cryptocurrency and start a flow of value back to users for their participation, plus incentivise contributions that are higher in quality overall. A real economy has always existed in pre-Web3.0 community models, but it was always hidden from the users. The point systems of many community platforms have hinted at the potential, in fact, and Bit.Store communities realize the value in crypto.

Bit.Store distributes STORE Coins to users from an “incentive pool,” and these crypto assets can be traded and freely given and received. In the community, votes, kudos, likes, shares, etc., have value in STORE Coins, thereby incentivising users to earn them through the quality of their contributions.

Since its launch this February, STORE has hovered around the 0.05 USD range, but began to rise in May, now up to around the 0.13 USD mark even as the overall crypto market led by BTC has declined over the same period.

Advertisement

Blockchain

Bybit Receives Georgian VASP License, Strengthening Global Regulatory Presence

Published

on

bybit-receives-georgian-vasp-license,-strengthening-global-regulatory-presence
Continue Reading

Blockchain

Accredited Solutions, Inc. Announces Strategic Acquisition of GlobeTopper, a $37M Revenue Platform Acquisition to Anchor Fintech Strategy

Published

on

Continue Reading

Blockchain

DIGZAX Enhances Collaborative Security System, Pioneering New Heights in Cryptocurrency Trading

Published

on

digzax-enhances-collaborative-security-system,-pioneering-new-heights-in-cryptocurrency-trading

DIGZAX

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE