Ramelax
WE ARE GOING TO TOKENIZE THE WORLD'S STOCK MARKETS
Created on 20th October 2024
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Ramelax
WE ARE GOING TO TOKENIZE THE WORLD'S STOCK MARKETS
Why are you participating for Based LatAm?
We would love to connect with the base/coinbase teams
What challenges are you focusing on?
Right now crypto investors are not very exposed to traditional finance markets
How does your submission address this challenge?
we come to bridge this gap by tokenizing the stock market to allow stocks to be listed in regular stock exchagnes
Challenges I ran into
Here's the translation:
Legal: At first, the legal side of the company was underdeveloped, if not nonexistent, which was a big problem due to the nature of the project. We overcame this difficulty by partnering with Santiago Riz Rocha, our main lawyer, who has been a great help in the legal formation and guidance of the company. Despite this, we still face financial challenges in covering legal costs in Argentina and in Bermudas.
Technical: The biggest technical obstacle has been implementing temporary wallets to detect deposits on the platform. We managed to solve this issue with a lot of effort and dedication.
API Limitation: We are currently using the Moralis API to read users' ERC-20 balances on the network, but we are rate-limited by the API usage. This problem can be solved with additional funding, though for the MVP, it is manageable.
Additional Features
Wallet whitelisting
Technologies used
Cheer Project
Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.
