Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: silent reader on October 07, 2020, 10:26:20 AM
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Have you ever dreamt of holding a share in several huge tech companies like Tesla, Apple, Amazon, Microsoft, Netflix, Twitter, and Google? But the problem is that not everyone is capable of buying shares from these big companies because it takes a large capital investment to buy a stock. Now, I will discuss to you about a new platform where it allows users to buy tiny shares in tech stocks using crypto.
MESE.io
MESE.io is the world's first micro equity crypto platform that lets you buy shares and participate in the global market of the world's best tech stocks. The International Blockchain Monetary Reserve (IBMR), an economic development company is the one that launched MESE.io powered by the partnership of ChainUp and Algorand Blockchain. The central goal of this is to solve global financial inequality in emerging markets by providing an accessible and equitable decentralized financial system through the advancement of blockchain technology that is why the services will be available to other places but are restricted to the US jurisdiction to participate since it focuses on giving service to developing markets. The criteria mentioned by MESE.io for choosing the seven big tech stocks stated above are (1) it should benefit the companies from either network effect or ecosystem. (2) have strong and innovative technology in their space. (3) have shown great integrity in their corporate leadership team.
Microequity
With the micro equity exchange, it gives an opportunity to its users to buy stocks that divide the traditional one into one ten-thousandth (1/10000) representative value of microequity tokens. Microequity is a tokenized stock that can be bought, sold, and traded on the platform by users with lesser financial capabilities to buy a traditional share. All assets are created as ASA, Algorand Standard Asset, tokens on the Algorand blockchain. As mentioned by the managing director of IBMR, Sinjin David Jung, the advantage of crypto is that it lets holders sell microequity token on secondary markets, even those who are outside the MESE.io platform.
“It isn’t about fractionalizing the current system, it is about creating new financial opportunities that work at the level of emerging markets where even a single dollar matters.” said the managing director.
It is also to mention what he said “Imagine trying to invest a single dollar in a way that would have any tangible return as an asset without being high risk? It’s virtually impossible. Even with financial inclusion, price point accessibility is not enough if the overhead fees of traditional finance are still in place like bank ATMs or agent fees. MESE.io’s microequity stock exchange solves this dilemma because these microequity tokens can be traded with their own price point. For example, an M-TSLA microequity token can have price guidance from the share price of TSLA, but for emerging market holders, M-TSLA microequity can also uniquely price in the value of having direct access to a de-risked long term asset and act as a hedge against financial instability. It isn’t about fractionalizing the current system, it is about creating new financial opportunities that work at the level of emerging markets where even a single dollar matters.
In 2016, the National Bureau of Economic Research (NBER) reported the top 10% wealthiest households own 84% of available U.S. stocks, but taken at a global level, that gap is even more extreme. We are aiming to advance microfinance by moving beyond microloans into microequity that can create wealth regardless of socioeconomic standing. Blockchain technologies allow for this by removing much of the overhead of financial administrative and infrastructure costs that prevent value from being accumulated at the microfinance level”.
Algorand
And to give a short description of Algorand, it is the future generation of blockchain being the first open-source, permissionless, pure proof of stake blockchain protocol that is committed to removing friction from the financial exchange. It also aims to solve the blockchain trilemma, decentralization, scalability, and security that is necessary for today's economy. Algorand is continuously showing great development and allowing different opportunities in the field of financial services striving for a borderless economy.
IBMR.io
IBMR.io is responsible and strives to bring financial equality and bring a decentralized financial system to those who have been excluded by the current financial system. They are also the ones behind the creation of the world's first micro asset, ARCC (BLOCKCHAIN: MICROFINANCE PLATFORM FOR DEVELOPING COUNTRIES (https://www.altcoinstalks.com/index.php?topic=164923.0)).
Limited capital is not a hindrance anymore for you to be able to buy shares in big tech companies because, with the microequity platform launched by IBMR, you can now take part in holding stock in some big and successful tech companies. It is visible how a large portion of the population today in the emerging and developing markets has no access to this kind of investment opportunity, but through MESE.io, it will help users to invest and will bring financial inclusivity even without a huge capital investment.
If you are curious about MESE.io (https://www.mese.io/en_US/) and Algorand (https://www.algorand.com/), you can visit their website or follow their Twitter account for more updates: @MESEmicroequity (https://twitter.com/MESEmicroequity), @Algorand (https://twitter.com/Algorand).
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Reference:
Reference 1 (https://decrypt.co/43186/you-can-now-use-crypto-to-buy-equity-in-tesla-apple-google), Reference 2 (https://en.cryptonomist.ch/2020/09/29/mese-io-the-microequity-exchange-on-the-algorand-blockchain/amp/)