WallStreetBets DApp

Blockchain is a distributed computing system that creates infallible records of transactions. Bitcoin, Ethereum, and Binance Smart Chain are examples of new markets generating enormous wealth held together by individuals.

Using blockchain technology, $WSB Governance token holders vote on regular rebalancing of ETP’s. Think that TSLA should be 90% instead of 10% of an ETP Portfolio? Vote on it. Votes are weighted according to the size of an individual’s $WSB holdings before the timer runs
out each rebalancing cycle.

The timer is based on a certain predetermined block height for when votes are cast. WSB DApp will start poll on fortnightly cycle to begin with for the initial ETP product. $WSB holders could also submit a proposal for new ETP concepts, changing of rebalancing frequencies,
key industry integrations and much more.

Vote results are public and verifiable on-chain. Votes for rebalancing the ETP Products such as the “WSB Yolo Stonks ETP” or “WSB Yolo DeFi
ETP” and the resulting rebalance is also transparent and on-chain.

The ETP products will contain a 2% per annum management fee. The $WSB Governance token holders will vote on what to do with accumulated funds. Example only: some may propose to use these proceeds to buy & burn $WSB. Or perhaps allocating more funds to developers to build further ETP’s. Or even vote to remain locked in the contract creating a giant honeypot over time which will amass a huge fortune or it could just go to zero, whichever the crowd prefers.