Access to capital remains challenging despite the advancements in global financial infrastructure. This difficulty is far more poignant in undeveloped countries. In the world’s weakest nations, capital is controlled by few hands and banks and other financial institutions limit loans exclusively to the elite. This skews the wealth gaps further apart in a series of negative feedback cycles.
Due to this, it seems like innovation only exists in developed nations. The reality, however, is that the social structures in weak nations suppress innovation by not giving entrepreneurs the opportunity to pursue their dreams. Everyone is a victim of this tragedy; entrepreneurs are pushed to give up, the undeveloped countries never reach the point of establishing powerful new companies to carry them forward, and the world never gets the opportunity to utilize countless products and services that could potentially improve human life.
ICOs have given some relief to this situation and many entrepreneurial teams across the world have sought this opportunity to establish their visions. However, a major limitation to ICOs is that they do not allow companies to gain access to funding if they have no need to issue tokens. Due to this, out of desperation, some teams issue tokens when they have no need to, and this elevates regulations against ICOs as unnecessary tokens are essentially scams. There has been plenty of criticism at the situation, but there has been little attempt to remedy the cause of the dilemma that pushes people to transgress legal limitations.
At least, there hadn’t been until now…
Chainium is About to have a Major Social Impact
The moon-lambo rhetoric that was once a meme has now become a real goal of many in the blockchain community and that has pushed this sphere away from the notion that seeded this entire market: opportunities for all. The blockchain was meant to decentralize opportunities to limit the stagnation of equal opportunities.
Chainium could very well be a great investment opportunity, but this product is going beyond money with its value offering. Chainium is creating a decentralized platform that can be used by anyone to raise funds for anything (more details here).
The social depth such a product achieves is going to have a ground-breaking impact in the world’s weakest nations where access to capital had long been an impossible journey for non-elite. Chainium truly brings opportunity to the masses, and part of those benefitting are those who had needed a brink of hope to once again pursue their dreams.
Beyond Money
With Chainium, entrepreneurs in any country have the ability to pitch their ideas and to issue equity for funding. Individuals and teams who could not have ever reached such an offer through the traditional financial institutions in their own countries, now have access to a global pool of investors who will purchase their equity if they are genuinely providing a revolutionary product or service.
This, certainly, will generate wealth for the teams creating the product or service. But more than that, it is giving opportunities to those who never had any. Chainium could be the seed that sets a positive cycle into motion: entrepreneurs in the weakest social structures can now have capital necessary to develop innovative products to compete on a global level; this will allow those societies to break out of the shackles of poverty.
As Victor Hugo said, there is nothing stronger than an idea “whose time has come.” With Chainium, many buried ideas of those who had once lost hope are now about to have their time, and with them, the individuals and teams behind them are about to have their time.
Chainium pushes globalization to a new layer. It connects the world in a manner that social restriction and structural limitations caused by the lottery of birth will now matter less. A person’s fate may no longer be decided by where he or she is born. A new wave is coming, and anyone who is determined can now achieve what he or she wishes.
🌐 Website: https://www.chainium.io/
💡 Whitepaper: https://www.chainium.io/uploads/files/Chainium-Business-Whitepaper-v3.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2491608.0
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