The problem DeBi(Decentralizing Businesses) solves

Small and medium-sized businesses (SMBs) are the backbone of our economy, but many struggle to access the funding necessary for growth. Traditional financing routes, like bank loans and venture capital, can be daunting. The stringent requirements and lengthy approval processes often leave SMBs without the capital they need to innovate, expand, or even survive in a competitive landscape.

This gap in funding limits not only the potential of individual businesses but also the vibrancy of local economies. Many SMBs are also missing out on the benefits of modern technology, particularly blockchain, which can open new avenues for revenue and community engagement.

DeBi aims to change that by enabling SMBs to launch various types of tokens—security tokens, utility tokens, and NFTs—on the blockchain. Our platform allows businesses to raise funds directly from retail investors, turning loyal customers into stakeholders. Imagine loving your local coffee shop and being able to invest in it directly, receiving tokens that offer exclusive benefits, governance rights, or even a share of the profits.

This process empowers customers to take an active role in their favorite businesses' success while providing SMBs with the financial resources they desperately need. Our in-house developed pricing algorithm adds another layer of sophistication, adjusting token values based on market activity, which helps ensure fair pricing and liquidity.

Additionally, with the integration of PYUSD as a payment option, investing becomes seamless and straightforward. DeBi is here to bridge the gap between SMBs and their communities, facilitating investment that fosters growth and strengthens local ties. By empowering SMBs with blockchain technology, we’re not just solving a funding issue—we're creating a more connected and vibrant economy.

Challenges I ran into

Developing DeBi was an exciting journey, but it came with its fair share of challenges. One of the first hurdles we encountered was navigating the extensive range of services offered by QuickNode. With so many options available, figuring out which services would best support our project was a daunting task. We needed to ensure that we chose the right combination of tools for blockchain infrastructure, transaction management, and token deployment. After considerable research and trial-and-error, we finally settled on a suite of services that aligned with our vision for DeBi.

Another significant challenge was designing our complex pricing algorithm. This wasn't just a simple calculation; it involved a lot of intricate mathematical modeling to determine token pricing based on various factors such as demand, market trends, and secondary market activity. We had to dive deep into the math behind pricing strategies to create a model that would be both robust and responsive to market dynamics. The process required collaboration and numerous iterations to fine-tune the algorithm to ensure it provided accurate and fair pricing for both SMBs and their investors.

Additionally, integrating PYUSD payments presented its own set of challenges. Ensuring seamless transactions while maintaining security and compliance was critical, and we had to implement several safeguards to protect both our users and the businesses involved.

Despite these challenges, each obstacle we faced allowed us to refine our approach and ultimately build a stronger, more effective platform. We learned invaluable lessons about the intricacies of blockchain technology and how to create a user-friendly experience that meets the needs of SMBs and their investors alike.