๐ Common Wealth: Democratizing Venture Capital with Blockchain ๐
๐ Let's dive into key features and potential of #WLTH in this captivating thread! ๐งต๐
1๏ธโฃ Introduction and Overview: Common Wealth (WLTH) is a cryptocurrency and investment platform aiming to democratize venture capital. Launched on February 8, 2024, its token, $WLTH, went into circulation on May 24th. The platform allows retail investors to participate in early-stage Web3 investments without traditional barriers.
2๏ธโฃ Technology and Features: Common Wealth uses Ethereum for Genesis NFTs, while zkSync Era hosts the platform and core protocol. The WLTH token operates on the Base chain, transforming Common Wealth from a Web2-like project to a decentralized ecosystem.
3๏ธโฃ Whitepaper Analysis: Common Wealth is a funds-based community investment protocol. Each fund has an investment thesis and rationale. This way investors get exposure to a diverse range of assets and opportunities, maximising any potential returns and spreading risk exposure. The 'All Street' Oracles refer projects to invest - vetted, early stage deal-flow from top industry figures to each fund. Every time a project is referred it has been invested into by at least one of the Oracles. Core contributors work on the design of the WLTH protocol.
4๏ธโฃ Use Case: Common Wealth aims to disrupt, scale, and optimize the traditional venture capital investment model using Web3 principles and blockchain technology. The WLTH token is used for non-investment financial transactions such as rewards, staking, and governance.
5๏ธโฃ Team and Leadership: The team and leadership behind Common Wealth includes Tony Kelly, Alan Begic, Connor Ball, Kyle Chasse and many more.
6๏ธโฃ Partnerships: WLTH have partnerships with Hashkey, Cypher Capital, Master Ventures, Black Dragon and many more industry leaders.
7๏ธโฃ Security and Audits: Common Wealth get audited two times by Hacken in January 2024 and March 2024.
8๏ธโฃ Tokenomics: The total supply of WLTH tokens is capped at 1 billion. The distribution includes allocations for public sale, team, marketing, rewards, and a community fund.
9๏ธโฃ Exchanges: WLTH tokens can be traded on both centralized and decentralized crypto exchanges. The popular exchanges to buy and trade Common Wealth are KuCoin, Gate.io & MEXC.
๐ Conclusion: Common Wealth is an innovative project that aims to democratize venture capital using blockchain technology. With strategic partnerships, a strong team, and recent successful funding, itโs poised for growth and innovation in the future.
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