Sigma Investment

Sigma Investment

Investment clubs on Mantle Network

The problem Sigma Investment solves

Inspiration

For years I have wanted to participate in fund initiatives to invest in projects (startups and others), but the bureaucracy, the high requirements, and many other problems make it very difficult. And it is something that not only I experience, but also many other people who have a little money and want to support projects in the medium/long term.

The exact size of the private investment fund market is difficult to determine, as there is no single, comprehensive source of data. However, it is estimated that this market has experienced significant growth in recent decades. According to Bain & Company's Global Private Equity Report 2021, assets under management in the private equity industry reached a record of approximately US$4.6 trillion in 2020.

Therefore, through DAO (decentralized organizations) we can create structures so that anyone can invest, through investment clubs (by affinity of ideas, professional relationship, etc.) through Blockchain from anywhere in the world and with fewer requirements. That is why Sigma Investment was born on Mantle Network.

What it does

Sigma Investment allows you to manage investment clubs, and to spread access to participate in investment funds to anyone, decentralized, agile, and without bureaucracy.
To this, Sigma Investment, through these investment clubs, people can:

  • Create investment clubs.
  • Join or leave clubs.
  • Contribute to the club.
  • Create and Vote on Proposals.
  • Run Proposals.

Challenges I ran into

Given my little experience with NodeJS or any other Javascript framework (my strength is .NET and Python), to get around that problem I decided to use the Browser Javascript SDK for all development, so to achieve something concrete and functional, I preferred that all It was 100% web without a backend other than the smart contract, so any other developer or person can test it in any environment.

Discussion