Seedify.fund (SFUND) is a decentralized investment banking protocol for blockchain ventures.
However, Seedify.fund’s developers do not call their protocol to a bank. Instead, they call Seedify.fund an incubator or seed fund. To explain, a seed fund provides the initial fund, or seed money, for new decentralized finance projects.
In contrast, an incubator is an organization that provides funding and help to new companies. For example, an incubator can provide office space, computers, and expert advice from as bankers or engineers.
Yet I think Seedify.fund is a decentralized investment bank. To explain, Seedify.fund finances blockchain development just as investment banks fund business activities.
Furthermore, Seedify.fund supports Initial Dex Offerings (IDOs) and Initial Node Offerings (INOs). Similarly, investment banks support Initial Public Offerings (IPO).
Two Seedify.fund (SFUND) investments
To elaborate, an Initial Node Offering (INO) finances additions to existing blockchains. For example, Nodes on Solana (SOL) or Polygon (MATIC). The difference between an INO and an Initial Coin Offering (ICO) is that they do not design an INO as money.
Instead, an INO is just an investment that trades on markets. You cannot use INOs as money, but INO owners receive equity and a return on their investment.
Meanwhile, an IDO is a synthetic investment built to trade on decentralized exchanges (DEXs). Like INOs, IDOs are not money. Instead, they offer ownership or equity through of proof-of-stake (PoS). PoS means a token gives its owner equity in an INO.
How Seedify.fund (FUND) works
Seedify.fund (SFUND) is a protocol that lets users participate in IDOs and INOs. For example, Seedify.fund lets investors stake and farm for passive income.
Seedify.fund users create an SFUND (account) that allows them to buy SFUND tokens and stake or farm IDOs and INOs with those tokens. Users stake (buy equity) by adding SFUND to a staking pool. Similarly, they earn passive income by adding SFUND to farming pools.
Similarly, speculators and investors open investment bank accounts through which they speculate or investment. Most investment banks also extend credit to investors.
Seedify.fund’s “Secret Weapon” Know Your Customer (KYC)
I consider Seedify.fund an investment bank because it requires Know Your Customer (KYC) compliance. KYC means Seedify.fund complies with financial regulations such as the Customer Due Diligence (CDD) Final Rule.
The CDD Final Rule is a financial regulation that requires US financial institutions and platforms to verify the identities of all customers and users. A federal agency, the Financial Crimes Enforcement Network (FinCen), enforces the CDD Rule.
Specifically, FinCen requires financial institutions to verify all account holders’ identities. CDD requires institutions to verify the identity of everybody who owns equity in any company that uses an account.
Under CDD, financial service providers must understand the nature and purpose of all customer relationships. Importantly, financial institutions must report all suspicious transactions. Finally, financial institutions must maintain accurate information about all customers.
I think Seedify.fund could comply with CDD. Therefore, Seedify.fund can legally operate in the United States, the world’s economy. Moreover, Seediy.fund can comply with similar laws elsewhere such as the United Kingdom and the European Union (EU).
KYC is Seedify.fund’s secret weapon because it allows the protocol to operate in the world’s largest economies such as the United States. Thus, Seedify.fund can sell IDOs and INOs to American or European customers.
In contrast, I think decentralized finance (DeFi) protocols that do not perform KYC could be illegal in the United States and other countries.
What Investments does Seedify.fund (SFUND) support?
Currently, Seedify.fund supports three investments: SNFTs, IDOs, and INOs.
SNFTs are non-fungible tokens (NFTS) Seedify’s Meta Studios build and sell. They call Meta Studios a team of developers, visual effects (VFX) artists, game designers, and others who build NFTs. Currently, Seedify offers an Avatar NFT collection. I imagine this collection has a connection to the Avatar movies.
Seedify.fund’s Medium blog claims Meta Studios can limit each SNFT to 10,000 copies to boost value. They claim users can move SNFTs between different metaverses and games. A hope is that the SNFTs can evolve into avatars for 3D games.
Seedify.fund users can stake SNFTs through transfusions and infusions. However, stakers cannot create new SNFTs which theoretically preserve their value. They will create pools for SNFTs. Pools support SNFTs for transfusions and infusions.
Project developers can apply to Seedify.fund for financing. Just as entrepreneurs can apply to an investment bank for financing.
If they select a project. Seedify.fund launches it as an INO or an IDO through a launchpad. They claim the launchpads can support artificial intelligence (AI), gaming, and metaverse projects. Users can launch either INO or IDO projects.
Some Seedify.fund (SFUND) offerings
They reveal several Seedify.fund projects through Seedify.fund’s Medium. Seedify.fund projects include:
The Chappyz IDO which supports community building. Interestingly, they claim Chappyz offers an artificial intelligence (AI) rewards system for social media that can reward users with COOKIE tokens.
They call Openfabric AI an AI IDO. They claim Openfabric will support a marketplace for AI services. The hope is that users can build AI apps on Openfabric’s platform and sell them through the Openfabric marketplace.
Potential uses for Openfabric include: 3D human simulation, intelligent 3D model designs, personal AI assistants, Deepfake creation, Deepfake detection, AI-Driven Music remixing, Toonify Images, and AI product development.
They claim Openfabric’s marketplace was offering over 50 AI apps on 4 October 2023.
What Value Does Seedify.Fund offer?
Mr. Market thinks Seedify.Fund (SFUND) offers some value. For example, SFUND was CoinMarketCap’s fourth most trending on 14 November 2023.
In contrast, Seedifyfund was CoinMarketCap’s 348th most trending cryptocurrency, with a $1.35 Coin Price on 14 November 2023. CoinMarketCap gave Seedify.fund a $74.884 million Market Capitalization, a $135.004 million Fully Diluted Market Cap, and a $5.278 million 24-Hour Market Volume on 14 November 2023. They base numbers on a 53.999 million SFUND Circulating Supply and a 100 million SFUND Total Supply.
I consider Seedify.Fund (SFUND) an interesting decentralized finance (DeFi) protocol because it could achieve enormous value by complying with KYC regulations. Therefore, Seedify.Fund is a DeFi protocol speculators need to watch.