Dacxi Chain: Redrawing the Boundaries of Equity Crowdfunding
As we take an exciting leap into the second episode of our three-part special series on the launch of Dacxi Chain’s global equity crowd-funding solution, we dive deeper into the mechanics of this game-changing platform. Sitting with Dacxi Chain CEO, Ian Lowe, we delve into how the decentralized crowdfunding model of Dacxi Chain is set to redefine the boundaries of equity crowdfunding, supercharge global innovation, and democratize the process for everyday investors.
Network Effect: A Catalyst for Change
The cornerstone of Dacxi Chain’s promise to transform the equity crowdfunding landscape lies in its adoption of the network effect principle. This widely acknowledged law, famously known as Metcalfe’s Law, posits that the value of a network is proportional to the square of the number of connected users in the network. In simpler terms, as the network expands, its potential value exponentially increases.
For Dacxi Chain, this means a paradigm shift from local, isolated operations to a global, interconnected network, thereby unlocking untapped potential for scale and impact. Dacxi Chain is not merely a platform but an enabler, a facilitator that allows licensed equity crowdfunding platforms from across the globe to seamlessly connect with one another, expand their reach, and share investment opportunities.
Unleashing the Power of Decentralization
The key feature of Dacxi Chain that enables the realization of this network effect is its decentralized model. This model counters the traditional, centralized approach, which often leads to unhealthy competition and control imbalance between the network operator and its constituent partners.
In contrast, the decentralized model encourages symbiotic relationships, promoting the success of its partners and enhancing the network’s value. The model enables independent platforms to access scale on both supply and demand, without direct competition or conflict. This approach ensures the network does not aggregate the investors and the deals but rather distributes them across the platforms, thereby unlocking unprecedented scale and potential for equity crowdfunding.
The Dacxi Chain network acts as a nexus point, enabling independent platforms to plug into a broader network. Through APIs, they can connect with other platforms and offer their investors a more extensive catalogue of investment opportunities. This democratization, enabled by Dacxi Chain, eradicates the age-old ‘chicken and egg’ constraint and introduces scalability into equity crowdfunding.
Driving Impact Through Investment
Beyond financial benefits, Dacxi Chain’s model offers the potential for substantial social and economic impacts. By democratizing the process, Dacxi Chain opens up the field to retail and everyday investors, thus expanding the pool of capital available to growth-stage businesses seeking funds to scale their operations.
With Dacxi Chain, individual investors can participate in a much richer catalogue of opportunities, breaking the exclusivity barrier traditionally reserved for high-net-worth individuals and institutional investors. This scale will not only benefit individual investors but also fuel growth in the innovation economy. Start-ups and early-stage businesses can access more capital, faster, and at a more competitive rate, thereby accelerating innovation and development.
To see this innovative model in action, I invite you to watch the full episode with Ian Lowe, CEO of Dacxi Chain, where he dives deeper into the inner workings and potential of this transformative platform. Watch the video below:
A Paradigm Shift in Equity Crowdfunding
With Dacxi Chain, we’re witnessing an exciting and powerful shift in equity crowdfunding. The launch of Dacxi Chain addresses the critical need for scale in equity crowdfunding, transforming it into a democratic and impactful tool for investment. The platform’s network effect, coupled with its decentralized model, is set to reshape equity crowdfunding and expand its boundaries beyond our current imagination.
This new age of equity crowdfunding is not just about providing access; it’s about giving innovators a streamlined path to capital, enabling growth, and fostering global innovation. It’s about democratizing investment opportunities and empowering everyday investors. As Dacxi Chain continues to grow and sign on more platforms, the future of equity crowdfunding looks more promising and inclusive than ever.
Dacxi Chain’s potential lies not just in its technology but also in its disruptive model of cooperative collaboration. It’s about a shared commitment to betterment and growth. Through interconnecting different platforms, it provides not just a broader range of options but also a more secure, reliable, and effective ecosystem.
Decentralized equity crowdfunding is not a distant dream anymore. With Dacxi Chain, it is a tangible reality that holds the potential to drive a new era of inclusive growth and global innovation.
As we eagerly await the final episode of this special series, we are left to ponder on the colossal potential that Dacxi Chain brings to the table. An exciting journey lies ahead, and we are just on the precipice of this new era of equity crowdfunding.
Stay tuned for the conclusion of this special series where we will further explore the future of equity crowdfunding with Dacchi Chain. The future is not just near; it’s here. And Dacxi Chain is leading the charge.
Dacxi Chain: A New Revolution in the Equity Crowdfunding Landscape
In a recent exclusive episode of “Unleashed with the Dacxi Chain,” host Andy Pickering introduced us to Ian Lowe, CEO of Dacxi Chain, and gave us an insightful glimpse into the global equity crowdfunding sphere. In the special three-part series kickoff, the duo dissected the present-day landscape of equity crowdfunding, outlining its challenges and elucidating on the transformative role Dacxi Chain is primed to play.
Ian Lowe, a veteran with 30 years of hands-on experience in founding, co-founding, and spearheading various technology businesses, has a reputation for being a growth catalyst and an innovation enthusiast. From his involvement in a spectrum of industries – software, media, digital media, finance, to sustainability – Lowe brings a wealth of insights to his latest venture, Dacxi Chain. His leadership aims to bring a new wave of innovation and growth to the platform.
To get the full scope of this intriguing conversation, watch the full podcast here.
Equity Crowdfunding: The Present Scenario
Equity crowdfunding, at its core, is a financial model where a multitude of investors each contributes relatively small amounts to acquire equity or shares in privately held, growth-oriented businesses. This concept democratizes the investment landscape, providing opportunities for small-scale investors and startups alike.
However, the sector currently grapples with various constraints. Despite being a multi-billion-dollar industry, equity crowdfunding’s contribution is less than 1% of the overall innovation economy. This discrepancy is mainly due to two critical issues.
The Local Market Proposition
Equity crowdfunding platforms, by design, largely operate within localized markets. To attract investment opportunities and individual investors, these platforms expend significant effort and capital to build a local presence and procure the necessary operational licenses.
The fallout of this strategy is a siloed ecosystem that’s fundamentally local in nature. Cross-border investments and international investor crowdsourcing remain problematic due to jurisdictional complexities and financial constraints.
This localization phenomenon restricts the catalogue of investment opportunities and the potential for diverse investor participation. This constraint limits the necessary scale equity crowdfunding platforms need to truly make an impact in the investment ecosystem.
Lack of Investor Liquidity
The second critical challenge is the lack of liquidity for investors. Investment in privately held companies often comes with an indefinite wait for returns, creating apprehension and friction for the average investor. For many, the ambiguity surrounding their returns timeline and potential gains can erode their confidence and deter participation.
Dacxi Chain: The Game Changer
With these limitations in view, Dacxi Chain is gearing up to redefine the future of equity crowdfunding. Under Lowe’s leadership, the platform aims to remove these barriers and transform equity crowdfunding into a genuinely global and scalable proposition.
To overcome the localization issue, Dacxi Chain seeks to create a genuinely global equity crowdfunding platform. By transcending geographical boundaries, the platform aims to provide a rich and diverse catalogue of investment opportunities and attract a broader spectrum of investors. This strategy, Lowe believes, is key to elevating equity crowdfunding’s role in the global innovation economy.
Moreover, Dacxi Chain intends to address the investor liquidity challenge using blockchain technology. By tokenizing equity, Dacxi Chain allows investors to trade their assets freely and easily on secondary markets. This solution offers a clear path to returns and puts control back in the hands of the investors, potentially boosting confidence and participation.
A New Dawn for Equity Crowdfunding
From its inception six years ago at the world’s first Tokenization conference, Dacxi Chain has steadily evolved into a key player in the global equity crowdfunding ecosystem. As the platform gears up for its imminent launch, it’s set to revolutionize the industry, paving the way for a more inclusive, liquid, and globally scalable investment landscape.
Lowe’s vision for Dacxi Chain is one of unprecedented growth and innovation. His experience, along with a clear understanding of the industry’s challenges and a deep-seated desire to revolutionize it, is primed to steer Dacxi Chain to new heights. By introducing a transformative approach to global equity crowdfunding, Dacxi Chain is poised to change the investment narrative, democratize access to capital, and bring to fruition the untapped potential of the crowdfunding sector.
By proposing an ingenious solution to the current equity crowdfunding constraints – a globalized platform and tokenized equity – Dacxi Chain is en route to redefine the future of equity crowdfunding. This shift not only promises an enriched catalogue of investment opportunities but also invites wider investor participation, lending a new impetus to the innovation economy.
Tokenizing equity ensures a clear path to returns, increasing transparency and boosting investor confidence. This game-changing approach allows investors to liquidate their investments on secondary markets at their convenience, offering a level of control that’s been sorely missing in the current equity crowdfunding framework.
The road to globalizing equity crowdfunding, however, is not without its challenges. Operational, regulatory, and jurisdictional complexities pose significant hurdles. Nevertheless, Dacxi Chain’s endeavour to navigate these issues and create a truly international, scalable equity crowdfunding platform is a compelling step toward an inclusive and democratized global financial ecosystem.
As Dacxi Chain prepares to launch, anticipation is mounting. The platform is uniquely positioned to not just be a game-changer but also to serve as an innovation catalyst in the equity crowdfunding sphere. Its upcoming unveiling marks the beginning of a new era in equity crowdfunding, opening up exciting possibilities for growth-focused businesses and aspiring investors worldwide.
The future of equity crowdfunding shines brighter with Dacxi Chain at the helm. By harnessing the power of technology, embracing innovation, and bridging the equity crowdfunding divide, Dacxi Chain is set to unleash a new era of global, scalable, and liquid equity crowdfunding. This evolution brings us closer to an inclusive financial ecosystem where opportunities are no longer localized, and investment possibilities are just a click away. And that, indeed, is a revolution worth waiting for.
Dacxi Chain Launch: The Equity Crowdfunding Revolution - Episode 1/3
Dacxi Chain Launch: The Equity Crowdfunding Revolution - Episode 1/3
This is the first of three special episodes of “Unleashed with the Dacxi Chain,” to celebrate the launch of phase one of the Dacxi Chain’s global equity crowd-funding solution. In this episode, host Andy Pickering is with Ian Lowe, the CEO of Dacxi Chain. We learn about Ian’s background in co-founding and leading technology companies and his vision for Dacxi Chain. We explore the current landscape of equity crowdfunding, its limitations, and how Dacxi Chain will address these. Ian explains the Dacxi Chain story – from its inception six years ago at the world’s first Tokenization conference, to its present-day launch. Listen to learn more about Dacxi Chain – a transformative player in the global equity crowdfunding ecosystem.
Music courtesy of BlackIrisFilms.com
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Andy Pickering – Host
Hey folks, welcome to episode one of our special three-part series that delves deep into the revolutionary world of Dacxi Chain, which, as you know, is an advanced crowdfunding solution led by a very dynamic CEO, Ian Lowe. Ian is overseeing the imminent launch of the Dacxi Chain. In this three-part series, we’re going to learn more detail about all things Dacxi Chain. In this, the first of these three special episodes, we’ll lay out the context of what Dacxi Chain is trying to achieve in this evolution of global equity crowdfunding, and we’ll learn about the genesis of Dacxi Chain, and Ian’s vision as CEO. Welcome to the show, Ian.
Ian Lowe – Guest
Great to be with you, Andy. Excited to be talking about where we’re going.
Andy Pickering – Host
I’m excited as well, Ian. So I think we better just dive right into it. Let’s hear about your personal journey, Ian. Please share a little bit about your background and what led you to join the Dacxi Chain team and take up the leadership position of CEO.
Ian Lowe – Guest
I’ve spent the better part of 30 years founding, co-founding, running, and growing technology businesses. So principally, software businesses, but software businesses that operate in a range of different industries, including media and digital media. Finance, sustainability. And the common thread in all of those businesses is really first of all, as a growth enabler. So I naturally gravitate to high-growth business opportunities and take a very hands-on approach to being a catalyst for realizing that growth and getting businesses on a high-growth trajectory. But also, along the way, I’ve been lucky enough to innovate in different industries, both as a cofounder and also a founder and also being brought in as a professional leader or a CEO into existing businesses. So it’s really about technology.
It’s about high growth. And for me, it’s very much about innovation. The opportunity to innovate is something that appeals to me greatly on a personal level. The opportunity to reimagine an industry. These are all things that I find really attractive in a professional context.
Andy Pickering – Host
Thank you, Ian. Let’s set some context in terms of what are the main challenges that exist within the current equity crowdfunding framework? And how do these limit its potential?
Ian Lowe – Guest
I’d be happy to talk about that. It may not surprise you that we’ve spent a really significant amount of time going into that and really understanding it. So, look, there are a couple of headline constraints for the equity crowdfunding industry, if you like, today. And so when I talk about the industry, I’m talking about equity crowdfunding globally. And I should also, just for the sake of context, make it clear that we’re talking about equity crowdfunding. So crowdfunding does exist in other flavors. There’s community crowdfunding and debt funding and things of this nature that still tap into the resources of a crowd. But what we’re talking about here specifically is probably the most prominent of all of those, which is equity crowdfunding.
That is many investors investing typically small amounts per investor to take equity or shares in a privately held growth business. So a business looking for growth, it needs capital to realize that growth, and a crowd of investors who will invest in return for equity or shares in that business to empower it to grow.
So if we look at the global equity crowdfunding industry today, the first thing that I think is really important to note is that depending on the numbers that you reference, but they all generally agree that today is about a 1 to 2,000,000,000 US dollar industry per annum. Okay? Now that sounds like a big number.
But when we compare it to the amount of growth capital being invested by VCs or venture capitalists, it’s much less capital than what is being invested by VCs. So in other words, the seat that equity crowdfunding has at the table of, you know, funding the innovation economy, which is ultimately what this capital is doing, is a very insignificant one, and it plays in the broader scheme of things a reasonably insignificant role. Now clearly, the businesses that raise capital successfully through equity crowdfunding would take a different view, and that really speaks to the potential of equity crowdfunding. But at the moment, it’s less than 1% of the innovation economy. Now why is that?
You know, 10 years ago, I think there were a lot of businesses that were created, some of which still exist today. Equity crowdfunding platforms that said, this is the new frontier of the innovation economy. This is the new path to capital for growth companies. But as we sit here today, whilst growing from nothing and continuing to grow incrementally, its participation in the overall scheme of things is really modest. And so there are really a host of underlying issues that speak to why. But there are two headline issues. The two headline issues are the following. The first is that equity crowdfunding today is almost by definition a local market proposition.
So what we mean by that is you’ve got a platform that’s gone out and acquired a license to operate, because Dacxi Chain, we can only operate in a licensed context, and in almost all regulated markets, you must have a license to operate an equity crowdfunding platform. So they go to the trouble of getting that license, and then they set about doing two things in parallel. The first is to go and speak to lots of early-stage companies to understand how they can service their requirements around access to growth capital. Companies that need money, they’re constantly out there talking to those companies trying to attract them to their platform, to build a catalog of investment opportunities. And then on the other side of that same platform, they’re looking for investors. This is the crowd.
They’re looking for individual investors to come in, register on the platform, open an account, and start to participate by investing in some of the catalog of opportunities that they’re bringing to that crowd. So that ecosystem or marketplace is a silo that operates almost exclusively within a single market. And if you think about it, that actually makes very good sense. I mean, how is an equity crowdfunding platform that sits in a particular country, logically going to convince companies that don’t exist in that country or their executive team is not based in that country, that they need to use a platform in a different country of their own to actually go and raise capital? It’s very problematic. And, of course, that’s why it just doesn’t happen.
And then similarly, when it comes to building the crowd, building an international crowd is theoretically possible, but the reality is that it requires significant capital, significant effort, and real marketing skill to successfully build a crowd of active investors. And so inevitably, what that means is that the local equity crowdfunding platform is also sourcing its crowd locally. Because doing that across multiple markets being based in a different market is, again, highly problematic. So what you end up with if we sort of draw the lines of the equity crowdfunding industry is a lot of disconnected independently run local crowdfunding platforms. Now at face value, that may not sound like a problem. But it’s actually a really big problem. And in many respects, we believe it’s the most fundamental problem.
And it’s the reason why equity crowdfunding today is less than 1% of the innovation economy, and that is the following. If I wanna invest in a business that I think has good prospects, I will do it based on a basic understanding or better. In other words, maybe not just a basic understanding, but some previous experience or knowledge that I bring, I will do it on the basis of that knowledge. In other words, for a business that might be selling some highly specialized medical device, the average investor is going to struggle to get to a point where they feel like they truly understand the problem, the solution, and the opportunity that solution creates.
And so what we need on the investor side is, we need real scale to get to a point where more and more individual investors have enough confidence that they understand the investment opportunity because they understand the underlying business to then participate in the crowdfunding. And so where you’ve got a local construct with local issuers or local companies, growth companies, only raising money from local investors, that scale is very difficult to achieve. So scale on the crowd side of the equation is a fundamental barrier to equity crowdfunding realizing its true potential.
So that’s on that side of things. But then, of course, there’s also this chicken-and-egg dynamic whereby the richer the catalog of investment opportunities, the more attractive it becomes to the investor.
So on the supply side of that same equity crowdfunding platform, you’ve got deals that are only sourced locally, which means there’s only a certain number of those that are viable for equity crowdfunding. And so of course, that constraint means that it’s much harder to get the crowd to participate and to recruit them in the first place. So you’ve got this chicken and egg dynamic all of which wrapped up means that there’s a lack of scale in equity crowdfunding today. But if that can be resolved, if we can offer equity crowdfunding at genuine scale, the opportunity to become truly global, we think that completely reimagines what’s possible for equity crowdfunding. So that’s a very long-winded point 1 to a 2-point answer to your question.
The second constraint is really around liquidity for the investor. So at the moment, if I want to invest in a privately held company, the one thing that I understand when I invest is that I don’t know when I’m actually going to get a return on that investment. I just have no idea. I don’t know what the time frame is. I don’t know what the harvest is going to look like. Now some professional investors would suggest that is the romance of investing. But, of course, for the average everyday investor, that creates friction in the process, and it erodes their confidence. Because they can’t see a clear path to a harvest. And so what we’ve always believed is in the innovation of blockchain which is borderless and allows any kind of tokenized asset to be traded on secondary markets freely and easily. Blockchain completely removes that constraint.
So we get to a point where we’re saying, the two biggest problems are lack of scale because it’s a local siloed proposition. And secondly, a lack of liquidity for the individual investor. The solutions to this are – let’s make equity crowdfunding global so it has the scale it needs both on the investor side and on the supply side. And secondly, let’s tokenize that equity so that the investors that hold that equity have a clearer path to a harvest at a time frame of their own choosing. And so that puts them in a position of far greater control. So, look, that’s a very long answer, but, hopefully, that speaks to the heart of the constraints that the industry faces today.
Andy Pickering – Host
Yes indeed. It does, thank you, Ian. So if that’s the case then, we’ve heard your views on the main challenges that are holding back the current existing equity crowdfunding model and a little bit of detail on how the Dacxi Chain will start to address that. I said at the beginning, Ian, that we’d also learn about the genesis of the Dacxi Chain. So in this first launch episode, we should include a little bit from your perspective on the origin story of Dacxi Chain from its genesis to where it is today. Please tell us the story.
Ian Lowe – Guest
About six years ago, the world’s first tokenization conference was held in New York. And that conference really was the creation of the idea that became the vision of Dacxi Chain. This idea that tokenization will over a period of time change the way that we think about acquiring, holding, and disposing of assets. And tokenization is, like the Internet was just before it became ubiquitous, we’re very much at that same point in time as it relates to the tokenization of assets. And the tokenization of equity and privately held businesses would revolutionize the opportunity for investors to participate in the capital that must be raised by those companies.
So it was six years ago that the seed was planted. And from that very first insight, there’s been a number of iterations to the development of the Dacxi Chain vision and mission, and more recently, the business model itself. And I think there was also an appreciation along the way that it was too early 6 or 5 years ago or even 4 years ago in the life cycle of tokenization.
It was too early to feel confident that we could go to market with a solution and be that far ahead of the adoption curve. At some point, you really do need to synchronize the plans you have for your own growth with a broader understanding and acceptance of the underlying blockchain technology generally. And so we’re now at that point where, you know, a lot of people hold crypto.
A lot of people understand that blockchain is relevant to asset classes way beyond just crypto and that digital finance, digital is the path that we are on, and nothing that Dacxi Chain does can change that. But our opportunity is to participate by leveraging that change. And so the time frame that we set ourselves really was to say, look, 2023 looks like it’s going to be the right time for us to launch this solution.
And what that gave us was in some respects, the luxury of time to really do our homework on the state of the industry, talk to some of the established equity crowdfunding players to understand their challenges and opportunities, take a really close look at how the technology on those platforms operates, really delve into the regulatory frameworks in different parts of the world because there are common elements across all of the regulated markets when it comes to equity crowdfunding, but there are also unique elements in each market. So understanding that landscape was really important. And then, of course, going out and building a really detailed understanding of the requirements that we needed to satisfy building the technology, engaging with foundation partners, and getting in a position to launch.
So that’s a quick version of what has been a long history with plenty of twists and turns. But what I can say is we sit here today with a level of understanding about our solution, the problem it solves, the technology that underpins that solution, and what the future of equity crowdfunding really needs to look like, a level of understanding that we just simply didn’t have even two years ago. So that puts us in a good position and gives us a lot more confidence.
Andy Pickering – Host
Got it. Thank you, Ian, that was a great summary of the Dacxi Chain journey. So as we finish off this episode, what can you tell us in terms of dates that people should be aware of, just give us a sense of some of the next steps in the arrival and launch of the Dacxi Chain.
Ian Lowe – Guest
We’ve got some enormously exciting milestones coming up in the very near future. So we’ve already confirmed June 28, which is the launch event. We’re also going to announce as part of that the time frame or the specific date on which we’ll announce the first deal. So the first deal has been earmarked, and all of the detail around that has been worked through. So we’ll be in a position at launch to announce the date on which we will tell everybody about the first deal. Shortly after that, the first deal will open. It will close in a handful of weeks later. And at that point, you know, we really will be in a very exciting position because we have every expectation that it will be a very successful first deal.
And really at that point, what we’ve achieved is we’ve validated the technology. We validated it in partnership with market-leading, fully licensed equity crowdfunding platforms that have a run rate and an excellent reputation. The investment funds will have flowed between multiple parties through the Dacxi Pipes. And the issuer will have received the growth capital they’re looking for at the end of that first deal. And just as importantly, the investors that participate will have received their equity. So all of that’s really important and, of course, wrapped up in that is we will have clear unambiguous evidence of the Dacxi Coin use case which is really as a transaction currency in this Dacxi Chain ecosystem. And so at that point, really, we turn to two critical bodies of work.
The first is expanding the network with more and more equity crowdfunding partners, and we’re going to do that really aggressively. So there’s a big body of work there. I’ll be directly involved in that myself and I’m looking forward to that. And then the second stream is really about iterating the technology to continue to provide more and more features to individual investors and the partners that use that Dacxi Chain technology.
Andy Pickering – Host
Fantastic! Thank you, Ian. Well, folks, this was just the first of 3 special episodes of the Unleashed with the Dacxi Chain podcast that we’re producing and publishing in support of the launch of the Dacxi Chain, which as you’ve heard from Ian is coming up on June 28. So that’s episode 1. Today, we’ve talked about the problems that have been holding back the real potential of the global equity crowdfunding movement. We’ve learned from Ian all about the Dacxi Chain genesis, the origin story. We’ve heard about his vision as the CEO. For our next episode, we’ll learn more about the power of the Dacxi Chain itself, the network effect that is going to drive the Dacxi Chain forward. That is all coming up in episode 2. See you then.
From Rejection to Disruption: Canva's Story and the Potential of Dacxi Chain's Global Crowdfunding Network
The narrative of successful startups often begins with a revolutionary idea, a spark of genius that presents a new, original approach to addressing familiar problems. The story of Canva is no different. Its Australian founder, 35-year-old Melanie Perkins, was fueled by a simple yet audacious goal: to democratize design and make it accessible to all. Yet her journey was far from a smooth sail, marked by trials, perseverance, and a hundred rejections from venture capitalists. Today, Canva stands tall as the most valuable female-led startup globally, boasting a valuation of $26 billion.
The narrative of Canva’s genesis and growth is more than just a startup story; it’s a testament to persistence, entrepreneurial grit, and the transformative power of innovative ideas. This journey, however, also brings to light the vast untapped potential of game-changing platforms like Dacxi Chain. By leveraging advanced technology to democratize investment, Dacxi Chain is set to inspire a new generation of entrepreneurs and investors worldwide.
Early Beginnings: Perkins’ Vision and the Birth of Canva
In 2007, while teaching graphic design at a university in Perth, Australia, Perkins encountered firsthand the complexities and costliness of traditional design tools. She envisioned an online platform that would simplify design for everyone, regardless of their financial resources or expertise. This was the embryonic stage of what would later become Canva.
Armed with a vision but limited funds, Perkins co-founded Fusion Books, an online yearbook design company, with her future husband, Cliff Obrecht. This endeavor was a tangible manifestation of her dream, and it served as a stepping stone towards creating a fully integrated platform for designers.
The path wasn’t always straightforward. Perkins faced numerous challenges, including rejections from 100 venture capitalists she approached. But then came a pivotal moment — an introduction to esteemed venture capitalist Bill Tai. The chance to pitch her concept in San Francisco was a turning point. Notably, it came wrapped in an unconventional package, a kitesurfing event at one of Tai’s retreats, MaiTai. Perkins, undeterred by her fear of the ocean, embraced the opportunity to network and pitch, later recounting, “Risk: serious damage; reward: start company.”
Her resilience paid off. Impressed by her vision, Tai and other investors put their faith (and money) into Perkins’ project. With funds now secured, Perkins assembled her team and embarked on the next stage of her grand venture.
Scaling Heights: Canva’s Global Impact and Future Prospects
Today, Canva has over 2,000 employees and continues to penetrate new markets in China, Dubai, and the Philippines. Much of its success can be attributed to Perkins’ unwavering commitment to make design accessible to everyone, regardless of their level of expertise.
In an industry dominated by heavyweights like Microsoft and Google, Canva isn’t backing down. The company’s recent move to incorporate artificial intelligence (AI) tools is testament to its drive for innovation. These tools aim to streamline repetitive tasks such as image resizing and font selection, freeing up designers for the more creative aspects of their work.
Equity Crowdfunding: A Game-Changer in Venture Financing
While Canva’s journey to success is inspiring, it also brings to light the obstacles many entrepreneurs face when seeking venture capital, particularly those from diverse backgrounds. Reports suggest that around 80% of venture capital investment is allocated to white males, which stifles innovation and limits opportunities for those who struggle to secure funding.
This is where equity crowdfunding comes into play. As an alternative fundraising avenue, it has been successful in offering more equitable fundraising opportunities. Platforms like StartEngine and Wefunder have enabled anyone to invest in budding businesses, thereby reducing the dependence on venture capital and allowing companies to raise capital from their local communities.
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The Dacxi Chain Revolution: Democratizing Investment
In the context of this democratization of investment, the emergence of Dacxi Chain, a global equity crowdfunding network, promises to usher in a new era of accessibility. Dacxi Chain serves as a robust bridge between entrepreneurs seeking funding and everyday investors looking for unique opportunities. By fostering local crowdfunding platforms, it opens doors to a larger pool of potential investors, enhancing the chances for entrepreneurs like Perkins to bring their visionary projects to life.
By harnessing the power of blockchain technology, Dacxi Chain ensures a secure, transparent, and efficient fundraising process. It allows entrepreneurs from different corners of the world to share their innovative ideas with a global audience, thereby diversifying the startup landscape.
Moreover, Dacxi Chain is not just about helping entrepreneurs. It provides everyday investors with access to unique investment opportunities that would otherwise remain within the domain of institutional investors and venture capitalists. By doing so, it offers the possibility of significant returns and helps individuals diversify their investment portfolios.
A Brighter Future for Entrepreneurs and Investors
In this new paradigm, we can imagine a world where no Melanie Perkins has to face 100 rejections before their idea is recognized for its worth. A world where funding is not a prerogative of a select few, but a democratic process that harnesses the collective power of a global community.
Imagine an entrepreneur in a small town with an innovative idea but limited local resources. Through the Dacxi Chain platform, they can pitch their idea to a global network of potential investors, effectively turning the entire world into their fundraising ground. Similarly, an everyday investor in another part of the world can participate in this project’s growth story, leading to potentially significant returns.
With Dacxi Chain, it’s not just about the success of an individual startup. It’s about creating a global, inclusive ecosystem that thrives on shared growth and mutual success. The crowdfunding giants series running on our blog will continue to highlight such groundbreaking stories of entrepreneurs and companies that are changing the world.
Conclusion
The narrative of Canva’s creation, despite the initial rejections and challenges, serves as an inspiration for many aspiring entrepreneurs. It proves that persistent faith in an idea and unwavering determination to see it through can yield exceptional results.
But the story doesn’t end here. The rise of an equity crowdfunding Network such as Dacxi Chain signifies an important shift in the way we approach investment and entrepreneurship. By opening the door to a wider array of funding sources and breaking down traditional barriers, we allow more ideas to flourish, enriching the global startup ecosystem.
Just as Canva revolutionized design, Dacxi Chain has the potential to redefine the world of investment and startup financing. By democratising investment, these platforms could very well be laying the foundation for the next $26 billion startup.
As we continue with our crowdfunding giants series, stay tuned for more such inspiring stories of perseverance, innovation, and disruption. In an ever-evolving business landscape, these narratives serve not only as lessons from the past and insights for the present but also as a beacon of inspiration for the future.
EthicHub - Impact Investing and Regenerative Finance
EthicHub - Impact Investing and Regenerative Finance
In this episode, Andy hosts Jori Armbruster, co-founder of EthicHub. This project aims to disrupt the current financial lending system by creating a fair global crowd-lending system using Regenerative Finance. Armbruster explains how EthicHub provides a platform for farmers to sell their produce directly to consumers using blockchain technology and smart contracts. They discuss the concept of Impact Investing and how EthicHub creates positive externalities for Sustainable Development Goals. Armbruster also mentions they are working on a crowdfunding equity round, improving their product, and tokenizing the carbon credits of their farmers. The episode concludes with Andy highlighting the potential of the Dacxi Chain to connect innovative founders with funding from global investors in a safe, regulated way.
Music courtesy of BlackIrisFilms.com
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Andy Pickering – Host
Hi folks, it is Andy here. Welcome to Unleashed with the Dacxi Chain, a Dacxi podcast where we learn all about the Dacxi Chain and the incredible opportunities it unlocks. Let’s get on with the show.
My guest today is Jori Armbruster. Jori is the co-founder at EthicHub, which aims to disrupt the current financial lending system by creating a fair global crowd-lending system using regenerative finance. Very interesting. Welcome to the show, Jori.
Jori Armbruster – Guest
Yeah, thank you very much for inviting me.
Andy Pickering – Host
Pleasure to have you here, Jori, let’s do what we do at the beginning of the show. Could you please introduce yourself? Love to just hear a little bit about who you are and what you’ve been doing in the lead-up to co-founding Ethic Hub.
Jori Armbruster – Guest
Yeah. So I am half Mexican, half Spanish. Before funding EthicHub, I was running a wholesaler in Spain, and previous to that, I was managing my family’s coffee farm in Mexico. So I know about coffee, I know about the different cultures and situations of these two worlds, and so on. When I decided to start something in 2016, I did an innovation degree, I learned about blockchain technology and I said this will change everything starting with the financial system. So how can I do something with this? And EthicHub is basically connecting Europe with Latin America in the coffee production vertical with small farmers leveraging crypto. And we were one of the very first to do something like that, to use blockchain technology to connect to the real world with a focus on impact.
Andy Pickering – Host
Yeah, that’s fascinating Jori. So EthicHub is a Regenerative Finance project using blockchain technology to create a more sustainable and equitable economic system. And so tell us a little bit more about how this works. So the way I understand it, you guys at EthicHub, you aim to do this by providing a platform for farmers to sell their produce directly to consumers. Tell us a little bit about how this works and how you’re tying in the wonderful world of web3 and blockchain.
Jori Armbruster – Guest
Yeah, so on one side you have the decentralized protocol which will become a Dao and is based on the Ethix token run by smart contracts and the lending protocol.
And this is about both providing working capital to the farmers, but also and most importantly about providing them with collateral so you as an investor can decide which role you prefer to have. The low risk, not that low return option is 8%, for now you lend stable coins or you have the higher risk position which is you buy Ethix, which is our token you stake on behalf of the farmers so they have collateral, so other people lend them money.
And the coffee side of it is a bit like a byproduct of the equity company behind EthicHub. The business model is to buy and sell coffee. So when we act as an auditor looking for new loan originators, we look for a cooperative of coffee producers which we are interested in selling their coffee so we finance the production, transformation and exportation of that coffee.
But the idea is that in the lending protocol there will be other auditors with other kinds of products or verticals. We are just starting with Heifer International, which is a huge NGO working in ten countries with hundreds of cooperatives. And some of those cooperatives are not in the coffee vertical, they are in Cacao or whatever. And we are also working on a pilot with another project that will act as an auditor for the solar panel for smallholder farmers vertical. Because there are 1.2 billion smallholder farmers excluded from the traditional financial system, which is almost a quarter of the world population. But you also have a very similar number of people excluded from electricity, because they are far from the grids, the traditional electric grid. So the only way to give them electricity is with solar panels.
Andy Pickering – Host
Yeah, got it. Thank you, Jori. And so you said you’re working with coffee farmers initially and then that will expand out to other products. Tell us, which countries that the coffee farmers are located in at the moment?
Jori Armbruster – Guest
So for now we started in Mexico, because for us we are Mexicans. And we also started doing a couple of pilots two years ago in Honduras and Brazil and last year we also started in Colombia, Peru, Equator. For now that’s what we are doing. But most of it still is in Mexico.
Andy Pickering – Host
Got it. For people who are wanting to look at EthicHub and support your community of farmers and even potentially get a return on their investment by doing so. Can anyone in the world support the farmers through EthicHub? Is it restricted to any countries?
Jori Armbruster – Guest
It is restricted, at least for retail investors. We don’t accept US investors and Chinese, I think, because of their regulations and it’s super expensive to ask for a regulation over there and they are very strict. But wherever else in the world you can lend and even in the States you can stake, which means buy Ethix and stake on behalf of the farmers because that’s something that still doesn’t have any regulation at all.
Andy Pickering – Host
And this is really an example of what people call impact investing. Right Jori, so I wonder how you define impact investing?
Jori Armbruster – Guest
Yeah, I think we have to all move farther than sustainability and think about regeneration and how you measure that is very complicated. But I think the easy way of doing so is with the Sustainable Development Goals which is like a way to have a common language of what are the biggest problems of the world that need to be solved. And if you have a business model that is not like the traditional social responsibility thing, okay, you are a petrol company but then you give some grants so you balance your impact or something like that. But being an impactful company, a regenerative project means your business model has to create positive externalities in some of these Sustainable Development Goals as part of the business model. Not like to balance the bad impact you did before. And we are contributing to eight Sustainable Development Goals one way or another. Most importantly for sure, it reduces the inequalities.
Andy Pickering – Host
Yeah, absolutely. And it’s so important. Can you talk then a little bit about what kind of impact EthicHub is having on some of these farmers? Like what are they seeing out of the support that they’re getting from people investing in what they’re doing via EthicHub?
Jori Armbruster – Guest
So this is a bit of the why behind EthicHub, right? Because people don’t know that these more than 1 billion people’s only access to capital is cash loans at 100% interest rates and things like that. So for sure, if you provide them with an alternative source of funding it’s not only that they pay less interest but also they can really ask for a loan because now it’s affordable to invest and improve their productivity. We focus from the beginning in this vertical because here you know that the money is not going to buy a TV, the money is going to invest in their productivity so they can get out of the poverty cycle. Which is precisely that because if you don’t have money, you cannot improve your productivity, you then don’t increase your income so you cannot run out of this busy circle.
Andy Pickering – Host
Yeah, that’s exactly right. Very well said. And look, we talked about impact investing, which is really just an investment strategy that seeks to generate a return but while also creating a positive social impact or environmental impact. And I think EthicHub is definitely an example of impact investing. But we talked also I talked about in the beginning about regenerative finance. So I wonder if we can just explain that a little bit more because I think that is kind of tied into the environment looking after the environment as well as the social capital side of things. Right, Jori?
Jori Armbruster – Guest
Yeah, for sure. So on one side we are talking about this moving forward not only from sustainability but towards regeneration which means you are not balancing your impacts but really taking out, for example, carbon from the air. It’s not that you balance your emissions. No, and we are too late for that. We need to take carbon from there. The other part of the world is regenerative finance. The finance part of it is about rethinking financing in order to be regenerative leveraging web3 tools like smart contracts, tokenomics and distributed ledgers. So I think it’s basically projects that are aligned with the Sustainable Development Goals, which are providing regenerative practices, incentivizing regenerative practices in between their business models and leveraging on crypto in order to be more scalable and align incentives.
Andy Pickering – Host
Yeah, well, that’s exactly right. And that is exactly what we here at the Dacxi Chain are working on, Jori. We’re trying to create a new global regulated ecosystem where investors all around the world have access to interesting opportunities in far-flung parts of the world such as Mexico and Spain and the areas where you’re talking about. And if we can connect those investors with different innovators around the world and then link some of those investment opportunities to tokenization, create secondary markets where that equity can be traded, then eventually that means that these investors and innovators can meet each other in a marketplace that is regulated. And that’s the future that we’re all working towards, thanks to Web3 blockchain tokenization, right?
Jori Armbruster – Guest
Yeah, for sure. I think the regulated part of it is very tough because we are facing, when we are talking about innovation, it takes years for regulators to understand that innovation and create the framework for that kind of new financial tools, for example. Right, so I think we are starting to see something in Europe which is where I’m more aware of the laws we have now, which is a good first step forward, but still is about cryptos, for example, not NFT nor DeFi tools. So it will still take years to have a framework for that to be regulated.
Andy Pickering – Host
All right, well, as we start to finish off, just tell us what you’re working on at the moment with EthicHub. What is coming next? What are you working on?
Jori Armbruster – Guest
So one very important thing that maybe your community can participate in is we not only need the people to lend to the farmers and the people who provide collateral by staking in Ethix, but now we are doing a crowdfunding equity round for us as a project. So this is in Adventurees and I can share the link with you so you can put it in the podcast notes. And this is the minimum ticket, 1500 euro. And you can do it from wherever in the world too. And the other part we are working on is a product, for sure, tens of parts of the product that have to be still improved. We are moving towards launching the Dao for the lending protocol for the end of the year, beginning of next year.
And like a bit of side products of EthicHub, we are working on how to tokenize the carbon credits of our farmers because they are not only excluded from the traditional financial system, traditional certification, organic certification, for example, but also from carbon credits markets because they are too small to do the proper due diligence on how much carbon is there. But we are very creative as we have been with the financing part of it, and I think we can find solutions for that. And we are also working on these pilots with the solar panels etc.
Andy Pickering – Host
Awesome. Well, thank you so much for sharing some of your story with us. I’ll certainly put a link in the show notes to that crowdfunding round that you talked about. There’s also a link in the show notes to EthicHub. But listeners, if you want to check it out now, it is just Ethichub.com. Jori, thank you so much for coming on the show. All the best and bye for now.
Jori Armbruster – Guest
Thank you very much to you and thank you for inviting me.
Andy Pickering – Host
That was Jori from EthicHub. And I thought this episode is just a good example of the promise and potential of where the Dacxi Chain is heading. We’re creating a new, fully regulated global ecosystem. The idea, of course, is that investors all around the world will have access to new innovation investment opportunities. And for the founders of those innovative companies and ideas, they will need funding for those ideas, and they will be able to access that global investor pool. All done in a safe, sophisticated, mature, and regulated way. Of course, it’s done at scale globally via tokenization of those equity shares so people can invest in whatever amount they wish in line with the regulations in their country.
And so, of course, the Dacxi Chain is going to solve the liquidity issue, give people the ability to trade in and out of those equity positions via tokenization at the local level. Through a network of locally owned crowdfunding platforms, Dacxi will launch a specialist secondary market for trading. I think EthicHub is one example of a platform that could be connected to the Dacxi Chain by phase two, phase three, phase four of the Dacxi Chain rollout in the years ahead. So, yeah, it’s exciting times. And of course, don’t forget that later this quarter, the Dacxi Chain will announce phase one and its first launch partners. So we have all that to look forward to in the months ahead.
So do make sure you keep listening to the podcast and make sure you’re subscribed, but that is today’s episode. Thanks, team. Thanks for listening and bye for now.
https://www.adventurees.com/ethichub-1
A Deep Dive Into Dacxi Chain's Journey: Exciting Updates and a Glimpse Into the Future
Greetings, Dacxi Chain Community,
As we edge closer to the launch of our groundbreaking project, we’d like to pause and offer you an in-depth view of our exhilarating journey so far, highlighting key milestones and detailing exciting progress. This blog post will cover various updates from platform development to team efforts, and illuminate the instrumental role of our foundation partners.
Our CEO, Ian Lowe, has recently shared a comprehensive update on the project. The entire Dacxi Chain team has been relentlessly pushing the boundaries of innovation, refining our platform and fine-tuning our technology to ensure the successful launch we all eagerly anticipate.
Platform Development: Innovation Fueled by Dedication
In the past few weeks, our team has made significant strides in platform development. Through constant fine-tuning, optimization, and refinement, we have reached a stage where our platform is primed for launch. It aligns impeccably with our vision and meets the high standards we’ve set for delivering a successful product to you, our valued community.
Our partners, who are set to leverage this platform, have played a pivotal role in this developmental journey. We’ve been ensuring that our technology not only caters to their needs but integrates seamlessly into their existing workflows. The pieces are coming together smoothly, placing us in an optimal position for the launch.
The Dacxi Chain Team: A Relentless Pursuit of Success
A project’s success is invariably tied to the team behind it. We are privileged to have a dedicated team working tirelessly to ensure the launch’s success. This unwavering commitment reflects the faith we have in our project and the shared determination to make it a resounding success.
We extend heartfelt gratitude to our team members for their ceaseless hard work. Their dedication and contributions are propelling us towards readiness for the upcoming launch. Their efforts have also shaped our first deal, the details of which we are excited to share with you soon.
The Power of Collaboration: Foundation Partners as Pillars of Success
Dacxi Chain’s strength is anchored in our collaboration with our esteemed foundation partners. These equity crowdfunding platforms, highly reputable and established in their respective markets, significantly influence Dacxi Chain’s evolution.
Our partners’ insights into operational processes, compliance requirements, and user preferences have been invaluable in refining our platform. Maintaining a continuous feedback loop has allowed us to adapt our technology to their needs, ensuring our platform is not just cutting-edge, but also user-friendly and seamlessly integrated into their existing operations.
Direct engagement with CEOs of these partner companies has fostered an unparalleled understanding and collaboration. This intense engagement empowers us to delve deep into the intricacies of the technology, align with their internal teams, and refine our product based on real-time feedback.
At Dacxi Chain, collaboration isn’t just a buzzword – it defines us. Our partnerships significantly contribute to the creation of a versatile, robust, and efficient infrastructure, fostering seamless cross-platform operations across various global markets. This powerful collaboration testifies to our collective efforts in advancing the global blockchain ecosystem and is truly inspiring to witness its impact on Dacxi Chain’s ongoing success.
Final Countdown: Unveiling the Future of Dacxi Chain
As we approach the thrilling finale of our pre-launch period, anticipation and excitement are palpable. We’re on the brink of revealing the official launch date, a milestone we’ve all eagerly awaited. But, we have a more exhilarating surprise for you.
Our CEO, Ian Lowe, has prepared a special video message to announce the launch date. We believe this momentous news should be delivered directly from him, underscoring the shared journey that has brought us to this point. We invite you to share in this announcement by watching the video till the end. This exciting revelation marks the official countdown to our launch.
As we gear up for this landmark launch, we want to express our deepest gratitude for your unwavering support. Your belief in our mission has been instrumental in propelling us forward, enabling us to push boundaries and achieve incredible milestones.
But the excitement doesn’t stop at the launch. Shortly thereafter, we’ll be announcing our first major deal, a milestone that promises to inject a fresh wave of enthusiasm into our journey. We can’t wait to share this exciting news with you, and we are thrilled for you to be a part of it.
Looking ahead, we envisage a future characterized by continuous growth, ceaseless innovation, and unmatched excellence. Here’s to a bright future together, where we continue to redefine the world of global equity crowdfunding and blockchain technology.
Thank you for joining us on this exhilarating journey.
Yours sincerely,
The Dacxi Chain Team
Reimagining Crowdfunding: Inside a Podcast Dialogue with Income's CEO and the Revolution of Dacxi Chain
In the realm of podcasts, some make a splash, others ripple, but then there’s Unleashed – a masterclass in crowdfunding that shatters norms and reshapes our understanding of the financial universe. Curated and led by the eloquent and knowledgeable podcaster Andy Pickering, Unleashed serves as Dacxi Chain’s lighthouse, casting beams of enlightening insights that disrupt the status quo of our financial ecosystem perceptions.
One such recent episode saw Andy Pickering delve into the heart of crowdfunding, with none other than Kimmo Rytkönen at the virtual table, a man who can legitimately be called a titan in the world of fintech. As the founder of Income Marketplace, a popular peer-to-peer lending platform that is changing the face of crowdfunding in the European Economic Area, Kimmo’s insights are as invaluable as they are intriguing.
![](https://dacxichain.com/wp-content/uploads/2023/05/Unleashed-podcast-website-thumbnail-Icome-a-next-generation-peer-to-peer-marketplace-1024x785.png)
The Age of Crowdfunding
Crowdfunding, at its core, is a method of raising capital through the collective efforts of a large pool of individuals, mainly online via social media and crowdfunding platforms. By tapping into the power of collective individual efforts, it amplifies reach and exposure. Crowdfunding is reshaping the traditional financial landscape, providing an alternative route to access capital for a wide range of initiatives – from startups and small businesses to charitable causes and personal campaigns.
Platforms like Income play a critical role in the crowdfunding ecosystem. Serving as intermediaries between investors and loan companies, they provide a digital platform that enables loan-based investments. Kimmo’s platform facilitates investors to buy parts of loans offered by different loan companies spanning from Finland to Mexico, from Indonesia to Bulgaria. The beauty of Income lies in its simplicity – there are no equity investments, just loans.
Crowdfunding, Regulatory Challenges, and the Birth of Dacxi Chain
However, crowdfunding, like any sector of finance, is not without its challenges. As Kimmo highlighted in the podcast, regulatory issues are a major hurdle for crowdfunding platforms. Different jurisdictions have varying regulations, making it difficult for platforms like Income to cater to investors worldwide.
Here enters Dacxi Chain, an innovative global crowdfunding solution built on the foundation of blockchain technology. The potential of Dacxi Chain lies in its ambition to democratize access to early-stage investment opportunities and facilitate the flow of capital to innovators around the globe.
At the heart of Dacxi Chain’s plan is the concept of tokenization. By representing an asset or equity in token form on a blockchain, it opens the door to democratized investing. Tokenization allows for fractional ownership, lowering the investment entry barrier and thus enabling wider participation. Furthermore, tokenization of assets creates a secondary market, offering much-needed liquidity to investors – an issue often faced by traditional crowdfunding platforms.
Broadening Horizons: Beyond Crowdfunding
But the potential of tokenization isn’t limited to crowdfunding. As Kimmo shared during the podcast, tokenization could also revolutionize other areas of finance, such as loans. The concept of tokenizing individual loans could lead to the creation of an active aftermarket, offering a new avenue for institutional investors to buy non-performing loans or other debt instruments.
However, creating a global crowdfunding ecosystem that overcomes jurisdictional barriers and offers investor liquidity is no small task. Nevertheless, Dacxi Chain is up for the challenge, leading the charge to disrupt the industry and redefine how we perceive crowdfunding.
Delivering Returns and Promising Prospects
By the close of the podcast, Kimmo shed some light on the current state of returns for Income investors. As it stands, investors on Income see returns averaging between 13% to 14% per annum. However, Kimmo recently increased the maximum loan amount companies can offer to investors, hinting at potentially higher returns in the future.
The Future of Finance: Accessible, Inclusive, and Profitable
In an ever-changing financial landscape, platforms like Income Marketplace and innovative solutions like Dacxi Chain are blazing a trail. They’re taking on the challenges of regulation, liquidity, and democratization head-on, heralding a new era of financial opportunities. By tapping into concepts like peer-to-peer lending and tokenization, they’re paving the way for accessible and lucrative investment avenues for the masses.
Now more than ever, as we navigate the aftermath of the global pandemic, the importance of a resilient, accessible, and fair financial system is becoming increasingly clear. Income and Dacxi Chain, among other innovators in the field, are rising to this challenge. They’re spearheading efforts to make investing more inclusive, more straightforward, and more profitable.
Kimmo is a staunch believer in the power of transparency, and it forms the backbone of Income’s operations. Each loan available for investment on Income is scrutinized meticulously, and the detailed analysis is made available to potential investors. Moreover, Income uses a unique auction system to establish loan interest rates, creating a fair playing field for both investors and loan companies.
The potential of such a transparent and open system multiplies when combined with the capabilities of blockchain technology. Dacxi Chain seeks to apply the principles of transparency, security, and decentralization inherent in blockchain technology to crowdfunding. The vision is to create a tokenized global crowdfunding ecosystem that can potentially circumvent the jurisdictional and regulatory challenges that have long hindered the industry.
Final Thoughts
As we venture further into this era of digitized finance, it’s clear that platforms like Income and Dacxi Chain are setting the pace. They’re challenging traditional financial systems, reshaping our conception of investment, and creating a future where everyone, regardless of location or economic status, has access to quality investment opportunities.
Imagine the entrepreneurs and innovators around the world with brilliant ideas but lacking the necessary capital to turn their visions into reality. A global crowdfunding ecosystem could provide these individuals with direct access to investors, bypassing traditional funding barriers, and fast-tracking their path to success.
Similarly, consider investors who have had limited access to investment opportunities due to geographical or financial restrictions. Platforms like Income and initiatives like Dacxi Chain can now offer these individuals lucrative investment opportunities, accelerating their financial goals.
As the world grapples with economic uncertainties, the need for a robust and inclusive financial system is not just desirable; it’s a necessity. Through their innovation and forward-thinking approaches, Kimmo Rytkönen and the brains behind Dacxi Chain are helping pave the way towards this new financial future.
The Unleashed podcast episode featuring Kimmo Rytkönen was more than just an engaging conversation. It was a glimpse into the future of finance, a future shaped by transparency, inclusivity, and innovation. If this episode is anything to go by, that future is just around the corner, and it’s brighter than ever.
You can listen to the full Podcast with Kimmo Rytkönen here.
Revolutionizing P2P Investments: A Deep Dive with Kimmo Rytkönen, CEO of Income
Revolutionizing P2P Investments: A Deep Dive with Kimmo Rytkönen, CEO of Income
Andy welcomes Kimmo Rytkönen, the co-founder and CEO of Income. Income is a next-generation peer-to-peer marketplace that offers a safer and more transparent way to invest in loans for earning passive income. Kimmo explains how the platform works and its vision for providing people with an easy way to invest their money in assets such as consumer loans or real estate portfolios. He also discusses the importance of investing in today’s economy, inflation concerns, fixed-income products, and diversifying one’s portfolio. The platform is currently only available to investors from the European Economic Area due to regulations around KYC/AML compliance.
Kimmo from Income discusses the global crowdfunding ecosystem, regulation, and tokenization with Andy. Income is a loan-based crowdfunding platform that offers investors an average rate of return of around 12-15% per annum.
The Dacxi Chain aims to create a fully regulated global ecosystem where everyday investors worldwide have access to new investment opportunities through locally owned platforms and tokenization. The Dacxi Chain will provide liquidity in secondary markets.
Music courtesy of BlackIrisFilms.com
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Andy Pickering – Host
Welcome to Unleashed with the Dacxi Chain – the podcast that features Experts from within Dacxi and from across the industry who are here to share their insights on developments shaping the global crowdfunding economy…
Andy Pickering – Host
My guest today is Kimmo Rytkönen. Kimmo is the co-founder and CEO of Income, which is a next-generation peer-to-peer marketplace offering a safer and more transparent way to invest in loans, to earn a passive income. So we’ll learn today exactly what that means. Welcome to the show, Kimmo.
Kimmo Rytkönen – Guest
Hey, Andy. Thanks. It’s a pleasure to be here.
Andy Pickering – Host
Pleasure to have you here, Kimmo. Let’s do what we do at the beginning of the show. Love to hear a little bit about your background and what you’ve been doing in the lead-up to co-founding Income.
Kimmo Rytkönen – Guest
Okay, cool. I’m Kimmo. Basically, my background is in fintech, more so in consumer lending, SME lending. So that’s what I’ve done for most of my adult career. And then through different turns and events, I ended up on this side of the ecosystem, if you may, to provide funding to those lending companies through crowdfunding or peer to peer as what Income is doing. Yeah, and that’s what we do today. We’ve been doing it for two years. It’s available on Getincome.com. And what we really do is we don’t issue loans ourselves, but we cooperate with different lending companies around the world to provide them funding. And on the other side then, to allow the crowdfunding investors to invest in loans and earn passive income, as you mentioned in the intro.
Andy Pickering – Host
Awesome. So let’s learn a bit about Income then. The idea is to provide people with an easy way to invest their money in assets such as consumer loans or real estate portfolios, anything like that. People that come through that funnel to you guys. So talk a little bit about, I guess, the vision for Income and where are you guys based and how long since you’ve founded the company?
Kimmo Rytkönen – Guest
Kimmo yeah, so I’m originally from Finland, but I’ve lived in Thailand, Estonia already for about 15 years, and that’s where we’re based as well. Estonia has a vibrant startup community. So basically we decided to set up the company here. And where the idea came from was originally when we started during COVID times to develop the idea with my co-founder, we thought that the current peer to peer marketplaces were a little bit like fire and forget from an investor perspective, meaning that there was very little security for the investors. There had been a lot of frauds in the space as well. So we thought that, okay, we can do this better. And that’s where the idea came from.
Let’s take some of those things we learned during our careers in consumer lending. So we raised funding from institutions. They usually took the loan book as collateral to the investment. And that was something that was lacking in the peer to peer or crowdfunding space. So, in a similar fashion, if you’ve done real estate crowdfunding, the project is usually the collateral. Right? So you invest in a development project or a rental property, and you know that your money is backed, your investment is backed by something real, a real asset, as such. And loans are an asset just as well as a real estate project, meaning that they have a cash value. So if the cash value of a house is the money, you can sell it for, the cash value of a loan is the money it produces.
So the cash flow that’s coming in from the loans, this is something we can use as collateral, as a security to, let’s say, keep the investors safe to improve their situation versus what was before. We launched in February 2021, and then essentially since then, we’ve been scaling up and growing the business. And today we have about 4000 active investors and around 10.5 million already on the platform invested. Cumulatively, maybe 40 million has passed through the platform already. But the outstanding investment is what’s my KPI that I’m keeping my eye on.
Andy Pickering – Host
I can see that you guys did indeed start in COVID Times. I believe you were nominated in several categories for the Estonian Startup Awards in 2021. And I understand that you also, in the early days, as you were getting going, you completed a successful crowdfunding around yourself?
Kimmo Rytkönen – Guest
Yeah, we used Seed blink, actually. So during the round, we had a lead investor from Singapore who took most of the round, and then we cooperated, actually with two different platforms. One was Seedrs, the other one was Seed Blink, both successful in their own right. With Seedrs, we actually decided then not to go forward with it. So there was such a big gap between actually getting all the structures ready from their side that a lot of things had passed. Right. So we were closing that at the start of 2022. Then the war in Ukraine broke out, and there was a big gap between actually closing the round in terms of Seedrs and then actually being able to download the funds. And a lot of the fundamentals at that time had already changed.
There was a downturn in the economy and all those things. So we thought, okay, let’s rather not download the money because our expectations on the growth of the business had changed. And then we discussed it with Seedrs and we thought, okay, let’s do this. This is the right thing to do for the investors, but seed blink, we downloaded and we did complete the round on both platforms. So all in all, a good experience of equity crowdfunding also.
Andy Pickering – Host
Yeah, well, that was going to be my next question. So it sounds like a little bit of a convoluted process as you dealt with a changing macro environment. But all in all, that was a positive experience for you, going through the crowdfunding route?
Kimmo Rytkönen – Guest
Yeah, absolutely. I mean, both platforms were actually a pleasure to work with as such. All in all, a very good experience. We learned a lot and I would definitely say that crowdfunding is a very good way to raise funding for startups.
Andy Pickering – Host
Yeah, fantastic. And one of the things that people really did start to learn about during the pandemic, a lot of people had more time on their hands, as I’m sure you’ll remember. And as well as watching lots of Netflix, a lot of people started turning to the various different investment options and started exploring the world of fintech, certainly the world of crowdfunding cryptocurrencies, equity stock portfolios. Lots of different investment options are now available. And of course, one of the other, I suppose, knock on effects of the money printing that all the big central banks engaged in during their response to the Pandemic – It’s led to this situation with inflation, which is increasing rapidly in many parts of the world.
And as a response to that, of course, how can people respond to inflation, how can they protect their money? One of the best ways really is of course for them to invest their money. So I suppose what I’m saying, Kimmo, is investing is well, it’s a hot topic again, right, I’m sure you’ll agree. Why is it important, do you think, for people to learn about investing?
Kimmo Rytkönen – Guest
Sure, yeah. I think from my own part personally, but also from the people I know. And what we discussed at the end of 2021 was kind of when the music was at its loudest. And you’re absolutely right, I think people had a lot of spare time on their hands and a lot of extra cash as well to invest. And I think that in itself drew a small bubble, maybe even in many places. So we saw good growth, then cryptocurrencies saw very good growth, stocks as well. And there were a lot of projects on the market that even in equity crowdfunding that raised funding, but necessarily were just based on an idea. They didn’t even have a product yet, so money was being spilled all around. And I think VCs also saw that they had a slight hangover this year.
Now what we hear is that they’re dusting their checkbooks again and looking at what other real investment opportunities that they could actually have in our case. Right? So what we offer is we offer a fixed income product as such. So when you invest in loans, it has a certain maturity. Twelve months equal installments. So if you put €1000 in, you get 112 back each month, plus you get an agreed interest from the loan company. We had capped these interest rates at 12%. Back in the day, this was when we still had the zero interest environment. Now today we’ve actually increased it. So now we’re capped at 15. So basically meaning that most of the loan companies that we cooperate with are happy to offer the 15% to our investors just to secure the fact that they have funding.
So this was partly driven by inflation, partly driven by yields that have gone up investments. It doesn’t matter if you look at bond investments, if you look at even set-term deposits, those have all gone up while assets are then down. Like you mentioned, cryptocurrencies. So these are still mostly the yield comes from, well, staking, but mostly from increasing value, I’d say for a lot of people. So they have been a little bit depressed. So maybe fixed-income products have raised their head a little bit during the asset downturn. But yeah, I think it’s super important that people have a diversified portfolio. They know what and they try to protect their money because otherwise, inflation hits it all.
Andy Pickering – Host
Yes, that is exactly right. Kimmo, just describe again how Income works and what you mean when you say that people can invest in the loans. So in my mind, if I’m explaining it really simply, you are providing a platform. So Income is the platform. So if someone wants to invest, they come along, they sign up to your platform, create an account, and then they can look at the different, what you call loans that they want to invest in. And on the other side of that is what can be a range of different entities, but it could be startup businesses, people like that are looking for new funding, capital injections. Right?
Kimmo Rytkönen – Guest
In our cases, essentially, we don’t have equity investments at all. So we do purely the loans at this point. So yeah, exactly what you said. How it works is you register on the platform. You come to getincome.com you register, you go through our Electronic KYC. Once your account is set up, you deposit a little bit of money, or a lot of money depending on your preference. And then you can take a look at the investment options. Right? So the investment options in our case are different loan companies. So we have Indonesian, Mexican, Bulgarian, Finnish. There’s several different entities. These are all separate loan companies.
And what we do with these loan companies before we onboard them or as we call it, investment opportunities when we open on board them, we do a due diligence on these companies. So we look at the quality of their loans, we look at the quality of their financial data and then we decide if they’re eligible to be actually listed on the platform. And once we say okay, let’s go, you guys look to be solid, then we integrate with their back end systems and then they can just list individual loans on our platform. So let’s say you have a Finnish entity giving SME loans and they give out a loan in Finland to a small company worth €5000, for example, they click a button on their loan management system. That loan appears in our system and now it’s available for investment.
And then our investors on income, they will be able to buy a part of that loan. So you can think of it sort of as a small share or a percentage of the loan that they buy. So let’s say the €5000, they can buy the whole loan or they can just buy €500 worth it or €10 worth it or €100 worth of that loan. And then they get the economic rights related to that piece they bought and an agreed interest that the loan company is willing to pay them. And then as the loan gets paid back, they get part of the capital pack and they get also part of the or they get the interest that has been agreed for the invested capital.
And then most investors put it on an auto invest, meaning they don’t need to log in and choose the individual loans. They can just say my portfolio is €5000, I want to invest it in these loan companies. So they click the ones that they want to invest in and they say that I want to put €100 per loan. I don’t want to be exposed to just one loan with a full 5000 and I want to have 50 loans or 500 loans or whatever. And then the system itself keeps a track of it and keeps investing in the loans based on the parameters you as an investor have given. So your money rotates and earns interest. And then if you wish to stop investing, you just stop your auto invest.
And as the loan gets paid back, the money gets returned to your account and then you just withdraw it normally onto your bank account in a similar fashion as you would do a deposit.
Andy Pickering – Host
Got it. Thank you. Kimmo and can you explain who can use Income? Are there any restrictions on which people from which jurisdiction are able to use income? And maybe also talk about is Income regulated?
Kimmo Rytkönen – Guest
We decided early on that we’ll only take investors to start with from the European Economic Area. And essentially we’ll take a look if we’ll add Asia, so forth, other regions. But today we’re doing a European Economic Area mainly because of the Kyc Aml. It’s much easier to deal with the banks in that sense.
Andy Pickering – Host
Yeah, that makes sense. Kimmo thank you for that. If we zoom out a bit, I’d like to just get your thoughts on how you see, I suppose, the global crowdfunding industry at the moment. It seems to us here at the Daxci Chain that there are lots of interesting innovations happening all around the world, but we’re missing the pieces that can bring it together to really bring everyone together. So we have a truly global crowdfunding ecosystem where different participants can get access to those early stage investment opportunities and of course, innovators can get access to the capital that they need to take their businesses to the next step. But yeah, what do you think is going on with crowdfunding at the moment?
Kimmo Rytkönen – Guest
Well, I think I’ll continue from the regulation part you asked before. I think regulation is one of those things that we see. I mean, it’s in crypto, it’s everywhere, and it’s sort of tied perhaps to the anti money laundering KYC things, which anybody dealing with banks these days knows that they ask a lot of questions. I think regulation is kind of somewhat targeted at that, but also ensuring that there are only good players or honest players on the market. How well that has been implemented so far is a question mark, but shortly on incomes regulation status, we’re not regulated today because we are not an equity crowdfunding platform. We’re also not a real estate crowdfunding platform which were the main targets of the EU regulation.
And at the moment in Estonia, you don’t have a regulation for anyone doing loans such as us, I mean, loan, crowdfunding investments. The legislation is being penned by the local legislator, but it hasn’t arrived yet. We’ve seen some early drafts. Essentially it all turns around, the investor security, stability of the platform, and so forth. I don’t expect any problems there. But yeah, the status of income today is we’re not yet regulated. Looking forward to seeing the final draft of the legislation before I can say how much it will affect our business, if at all. So that’s definitely one of the things that I see overall coming more and more, is regulation. We know some similar platforms that are in different jurisdictions.
They have gone the route of offering securities as such, meaning that the investment opportunities need to have a prospectus and basically listed with the local regulator. So that’s kind of the heavy end of crowdfunding, if we talk about equity crowdfunding, then is it viable for many of these early stage projects, for example, to do a prospectus similar to IPO? And on that scale, I think crowdfunding fills a space. If we talk about equity somewhere around, what I say maybe between VC investments or similar to VC investment. Whereas if you go the security route, if you go to the prospectus route, then you’re turning more into this IPO route, which is probably not the space crowdfunding is at its best, so it should find some sort of a balance in between.
So that’s definitely one thing. And then if we talk about how to get the companies to be able to operate in sort of like more globally, then we probably boil down to money movement, how to ensure the ownership of these investments. So perhaps some sort of tokenization or some sort of, I don’t know if it’s Bitcoin or whatever, but something that enables you to fast and cheap transfer money without too much hassle to those projects. But I think we’re still a long way from a really global crowdfunding ecosystem as such because a lot of it is based on local regulations and then country specific regulations.
Andy Pickering – Host
Well, that is exactly right, Kimmo. You’ve really identified the problem there. And that is really what we here at the Daxci Chain are working on. We’re hoping to provide some solutions to that, you said it yourself, through tokenization and working with various locally owned crowdfunding platforms in different jurisdictions around the world. So those local platforms would do their own due diligence on the investment opportunities. And then eventually the Dacxi Chain would build out this tokenized global crowdfunding ecosystem and create a secondary market so that investors are able to access the liquidity in their Tokenized investments. So it’s a massive project and it’s a big project, but can you see the ambition and the potential of something like that?
Kimmo Rytkönen – Guest
I think this secondary market is something where a tokenized environment or tokenized assets could really work much better. Individual platforms, tokenizing, having their own token, each of them, you’ll end up with the same problem. So where’s the liquidity? Where’s the aftermarket? We thought, when we started, we thought about, okay, should we do something in a blockchain environment? But then we thought also that okay, actually what we’ve built in the background is a ledger which tracks all the interest payments. It tracks all the other things, capital payments, how much interest do you need to pay? So we built that.
But we thought that should we go to Blockchain, we thought that, well, a centralized ledger as such run by individual companies such as ours, it doesn’t give us too much benefit because the real benefit would come if a lot of the companies would adopt such a ledger and then really these assets could be in one place. In loans cases, same thing. There’s a huge aftermarket if you would find a way to tokenize individual loans and you could push it to the loan companies and then there’s a lot of players, institutional players, buying loans, non performing loans, right? So even though they have an aftermarket for institutional players, everybody’s doing it a little bit batch based, portfolio based and individually.
So in a similar fashion, it would be great if all of these assets would be if we talk about loans or equity, if they all would be in one blockchain or one ecosystem, and then the liquidity would come, investors would just come, they could buy, sell, and they would have the economic rights to whatever asset they’re holding. And definitely but as you said, it’s a massive project, and it would require a lot of the market players to adopt.
Andy Pickering – Host
Yes indeed. We’re working on it, Kimmo, we’re working on it. Well, as we start to finish off it would be good to understand just what is the average rate of return, if there is such a thing that investors can potentially earn on income?
Kimmo Rytkönen – Guest
I think historically we are around 12% per annum, but we just quite recently increased it to 15%. So the maximum amount that the loan companies can actually offer to the investors. So I would assume it will be going up a little bit. So I would say it’s probably today, depending on your preferences, 13%, 14% is probably realistic, yes. And that puts it a bit higher than some bonds, for example, from similar companies and definitely higher than, I would say, bonds from your traditional banks or others. I think still, let’s say low to mid double digit is still a very good yield. And looking at the current inflation figures, it should leave you even a healthy profit after inflation.
Andy Pickering – Host
Yes, I think so. Very well said, Kimmo. Well, it has been a pleasure talking to you today, I have very much enjoyed it. As we finish off, please tell people where they can go, particularly if they’re based in Europe and are able to invest on your platform. Tell people where they should go to learn all about the income platform.
Kimmo Rytkönen – Guest
Yeah, so we’re available on Getincome.com so you can find everything you need, all the information or more information about the company, about who we are, what we do, about the loan opportunities so you can read more about there. There’s a lot of resources online already, a lot of affiliates, and a lot of bloggers are writing about it. So I would say the ecosystem is growing in loan investing. So there’s a lot of stuff available for you to read online, but Getincome.com is a good place to start to understand a bit better what investing in loans means and how it looks.
Andy Pickering – Host
Got it. Fantastic. Thank you so much for coming on the show, Kimmo. All the best and bye for now.
All right, well, there you go. That was Kimmo from income. Fascinating talking to Kimmo. And look, if you’re listening to this podcast, you are probably aware that a crowdfunding revolution is coming and it’s set to unleash innovation, world changing potential. It’s the world’s first global equity crowdfunding network. And that is what the Dacxi Chain is. That is what the Dacxi Chain is trying to do. We’re trying to create a new, fully regulated ecosystem where everyday investors all around the world have access to new investment opportunities. And for those founders who have innovative ideas, they need funding for those ideas or they can access that global investor pool. And of course, it’s done in a safe, sophisticated, and mature way. Now, of course, if this is going to be done at scale, what’s the answer? Well, tokenization.
So tokenization of those equity shares means it can be done at scale and anyone can invest at whatever amount they wish in line with the regulations in their own country. So the Dacxi Chain is working on all of this via tokenization at the local level through a network of locally owned crowdfunding platforms. And then, as mentioned, Dacxi will launch a specialist secondary market so people can offer their tokens for sale. And that all-important liquidity is there. So lots going on. That’s the very brief and concise overview of the Dacxi Chain and what it is. But of course, we’ll be learning more about it as the podcast continues. So do please make sure you’re subscribed to the podcast and ready for each new episode and then you can learn more.
Thank you for listening and bye for now.
https://getincome.com/
The Power of Equity Crowdfunding: Revolut's Inspiring Journey
Welcome back to the CrowdFunded Giants series, where we spotlight successful companies that have harnessed the power of crowdfunding to turn their ambitious ideas into reality. In this edition, we focus on Revolut, a UK-based fintech company that has disrupted the traditional banking landscape, demonstrating the transformative potential of equity crowdfunding.
The Genesis of Revolut: A Groundbreaking Idea
The Emergence of a Radical Concept
Revolut’s story began in 2014, sparked by the frustration of Nikolay Storonsky, a former trader at Lehman Brothers and Credit Suisse. Storonsky was dissatisfied with the financial industry’s cumbersome and expensive procedures, particularly those associated with international transactions. This dissatisfaction led to an innovative idea: a financial service that was instantaneous, efficient, and affordable, defying conventional boundaries.
The Founders: Uniting Expertise
To bring this pioneering idea to fruition, Storonsky teamed up with Vlad Yatsenko, a seasoned developer with experience at Credit Suisse and Deutsche Bank. Their combined expertise in finance and technology formed the foundation of Revolut, setting the stage for a revolutionary journey to transform traditional banking.
The Capital Journey: The Power of Equity Crowdfunding
Early Financing Rounds
Revolut’s initial financing came from friends, family, and angel investors, laying a solid foundation for the venture. However, the pivotal moment came when they decided to embrace equity crowdfunding as part of their fundraising strategy.
The Crowdfunding Triumph
In 2016, during their Series A funding round, Revolut decided to allocate £1m to a crowdfunding campaign on Crowdcube. The campaign was an overwhelming success, achieving the target amount in just a few days. The demand was so high that a random ballot system had to be implemented to select investors from the more than 10,000 interested parties.
Successive Funding Rounds
Following their crowdfunding triumph, Revolut continued to raise funds through various rounds involving venture capital and private equity. As of 2021, they had raised over $900 million in funding, attaining a valuation exceeding $5.5 billion.
Revolut’s Continued Success: Redefining the Financial Industry
Revolutionizing Personal Finance
Revolut has since experienced exponential growth, offering an array of services that include foreign exchange, cryptocurrency and stock trading, peer-to-peer payments, and budgeting tools. Their seamless, intuitive platform has attracted millions of users worldwide.
Expansion and Continuous Innovation
Revolut’s success extends beyond the UK, with a significant presence across Europe, North America, Asia, and Australia. They continue to innovate, expanding their product offerings to include business accounts, children’s accounts, and insurance services.
The Future Vision: A Global Financial Superapp
Revolut’s aim is to build a financial superapp, allowing customers to manage all their financial needs in one place. They plan to extend their services to more countries, introduce additional financial products, and persist in their mission to make financial services more inclusive, innovative, and customer-focused.
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Lessons Learned from Revolut’s Crowdfunding Success
Revolut’s journey provides valuable insights into the power and potential of equity crowdfunding.
Community Building
One key takeaway is the importance of building a community. Crowdfunding not only provides a platform for raising capital but also helps in creating a loyal user base that believes in your product or service. Revolut’s crowdfunding campaign attracted thousands of investors, many of whom became dedicated users and advocates for the brand.
Product Validation
Crowdfunding also serves as a tool for product validation. The overwhelming response to Revolut’s campaign demonstrated that there was a high demand for their innovative banking services. It gave them the confidence to continue to expand and innovate.
Market Research
Moreover, crowdfunding can serve as a form of market research. Through the campaign, Revolut was able to gauge the market’s response to their product and understand their customers’ needs better. This feedback helped them refine their services and deliver a product that truly resonated with their users.
Broadened Investor Base
Lastly, crowdfunding can broaden a startup’s investor base. By opening up the investment process to the crowd, Revolut brought in investors who may not have had the opportunity to participate in traditional funding rounds. This diversified investor base further helped spread the word about Revolut and increase its market penetration.
The Dacxi Chain: A New Era in Equity Crowdfunding
Equity crowdfunding is evolving, and platforms like Dacxi Chain are at the forefront of this transformation. Dacxi Chain is a global equity crowdfunding platform that networks crowdfunding companies together, allowing them to scale and providing investors with greater access to opportunities.
Enhanced Accessibility for Entrepreneurs
Dacxi Chain offers entrepreneurs more access to funding. By joining a network of crowdfunding companies, startups can tap into a larger pool of potential investors. This increased accessibility to funding can make all the difference for startups looking to turn their innovative ideas into reality.
Greater Opportunities for Investors
For investors, Dacxi Chain provides access to a wider range of investment opportunities. By networking crowdfunding companies together, investors can easily explore and invest in startups across different industries and regions. This not only diversifies their investment portfolio but also gives them the chance to contribute to innovative ventures around the globe.
Scalability for Crowdfunding Companies
Dacxi Chain also enables crowdfunding companies to scale. By being part of a global network, these companies can reach a larger audience of investors and startups. This increased reach can lead to more successful campaigns, helping these platforms grow and expand their operations.
Conclusion: The Transformative Power of Equity Crowdfunding
Revolut’s journey from an innovative idea to a multi-billion dollar fintech giant is a testament to the transformative power of equity crowdfunding. It’s a compelling example of how a startup, equipped with a powerful idea, a committed team, and the backing of the crowd, can disrupt an entire industry.
As we move forward, we expect to see more stories like Revolut’s. With platforms like Dacxi Chain, the future of equity crowdfunding is brighter than ever. By networking crowdfunding companies together and providing greater access to funding and investment opportunities, Dacxi Chain is helping to shape the next generation of crowdfunding success stories.
Thank you for joining us for this installment of the CrowdFunded Giants series. Stay tuned for more inspiring stories about the power of the crowd in funding innovation and success. The journey of Revolut is just one of many; with the ongoing evolution of crowdfunding and the rise of platforms like Dacxi Chain, the future promises even more exciting journeys of innovation, disruption, and success.
Decentralizing Finance: The Dacxi Chain’s Vision for Equity Crowdfunding
In a fast-paced world driven by technological innovation, the financial landscape is undergoing a dramatic transformation. A game-changing force leading this revolution is Dacxi Chain, guided by its visionary CEO, Ian Lowe. In a recent podcast, Ian painted a vivid picture of the future of equity crowdfunding, the role of blockchain and tokenization, and the exciting journey Dacxi Chain is embarking on.
The Network Effect: A Paradigm Shift in Crowdfunding
Ian began by emphasizing the importance of the network effect, a principle that parallels Metcalf’s Law, which states that the value of a network is proportional to the square of the number of users on the network. This law is the driving force behind the exponential growth of many social networks and digital platforms, and now, it is poised to redefine equity crowdfunding.
In the context of equity crowdfunding, the network effect implies that as more people engage with the network, the value of the network to its users increases significantly. This growth, in turn, attracts more users, creating a virtuous cycle of expansion and value creation. This transformative concept is underpinning the development of equity crowdfunding as a decentralized network.
Blockchain and Tokenization: Breaking Barriers in Equity Crowdfunding
The next part of our conversation ventured into the transformative role that blockchain and tokenization are set to play in this evolving landscape. Blockchain technology is creating a paradigm shift in how we think about financial transactions, while tokenization is poised to revolutionize asset ownership.
Tokenization, according to Ian, addresses a significant barrier for investors in privately held companies—liquidity. The traditional notion of equity in privately held companies often leaves investors in the dark, unsure of when they can realize the value of their investment. Tokenization presents a solution to this dilemma.
By tokenizing equity, investors receive a legally binding digital record of ownership—a token. This token, backed by blockchain’s immutable record, can be traded on secondary markets, providing much-needed liquidity. This significant shift can accelerate the adoption of equity crowdfunding for everyday investors, opening up new avenues for investment and financial growth.
Charting the Course: The Dacxi Chain Roadmap
Ian also shared exciting updates on the Dacxi Chain’s roadmap. Currently, they are on the brink of completing their minimum viable product (MVP). This critical milestone will be announced later this quarter, marking the beginning of a thrilling new chapter for the Dacxi Chain.
The roadmap for Dacxi Chain unfolds in three stages. The first stage is all about proving the concept: demonstrating that the technology works, the partners are real, and the business model is viable. Ian assures that the technology is undergoing careful refinements to ensure the success of the first deal that will be executed using Dacxi Chain.
The second stage involves building out the network, establishing relationships with equity crowdfunding companies around the globe. Ian describes this phase as laying the foundation for a global network, creating partnerships with leading players in select markets.
The third and final phase is about scaling and acceleration. Once the foundation partners are in place, the goal is to significantly increase the number of participating partners on the Dacxi Chain network. The overwhelmingly positive response from equity crowdfunding companies so far gives Ian confidence that this growth will unfold quickly and smoothly.
A Look Ahead: The Future of Equity Crowdfunding
Ian’s vision for the future of equity crowdfunding is inspiring. He envisions a future where tokenization is as commonplace as the internet was two decades ago, with Dacxi Chain playing a pivotal role in this transformation. He sees a future where the Dacxi Chain operates globally at a genuinely impressive scale, including all the essential markets with a significant number of leading platforms participating.
Tokenization isn’t a far-off concept. Leading business consulting firms around the world have predicted that the tokenization of all asset classes is inevitable, and by 2030, it will be a 20-something trillion-dollar industry. It’s an idea on the cusp of ubiquity, one that can reshape our understanding of asset ownership and investment.
The Dacxi Chain seeks to make this future a reality. By leveraging blockchain’s benefits, tokenizing shares, and creating an equitable crowdfunding platform, it has the potential to democratize investing. The essence of the Dacxi Chain’s vision is to make investing a broadly accepted, everyday practice, not limited to the privileged few.
In this journey, transparency and communication are of utmost importance. Ian assures that regular updates will be provided, with the next one due right before the launch of the MVP. It’s an exciting period for the Dacxi Chain team, as they work towards making the first deal a successful one.
As Ian eloquently puts it, “We’re making refinements to the technology to make sure that the first deal that goes through is going to be a successful outcome for everybody involved and we’re really confident about that.”
The revolution in equity crowdfunding is just beginning, and Dacxi Chain is at the forefront of this movement. Ian’s insights reveal a promising future, a world where finance is more accessible, equitable, and efficient. Dacxi Chain’s three-stage expansion plan lays out an ambitious but achievable roadmap, fueled by technological innovation and a vision for a democratized financial future.
As we follow Dacxi Chain’s journey, one can’t help but feel the anticipation and excitement of being part of a transformative moment in financial history. As Ian signs off, we look forward to future updates and the realization of Dacxi Chain’s vision in the dynamic landscape of equity crowdfunding.
You can listen to the full podcast here. Stay tuned for more updates, and here’s to the future of finance!