One of the things I'm always doing, and I coauthored a book about this so consider the source, is looking at experiments in early stage tech and asking whether they map onto business somewhere else.
Been thinking about StonkBrokers a lot lately.
Short version on StonkBrokers if a non-crypto person happens to read this...4,444 brokers on Robinhood Chain, each one a 6551 token bound account, so the NFT "owns" a wallet. Marketplace fees pool up, a % buy stock tokens or ETH, and drop them pro rata into brokers that have been "activated" at one of multiple tiers for a fee. Higher tier, bigger share. Sell the NFT and the contents travel with it (unless you claim them before sale), but the activation clears, so the new owner has to turn it back on.
Traditional finance has nothing that works like this.
Your brokerage account is a contract. Your name is on it, you can't sell it, other entities can't seamlessly add to it, there's no community behind it, and there's no aligned incentives with the company issuing it.
Imagine you run a program like this at Fidelity. TBD # of seats. Each seat is an account with a permanent identity, seeded with a starter basket of stocks, and it's yours to sell, gift, or borrow against. Fidelity implements some sort of flywheel (ex. a % of fees or revenue) that brings yield to the account, higher based on larger AUM.
Why would Fidelity ever do this? Three reasons I can think of.
First, they sell the seats. Whatever amount they choose, priced at whatever the market says a permanent position at Fidelity is worth. That's a new revenue line that didn't exist, and it's paid up front by exactly the customers they most want to keep. Plus, you can have a royalty on the sale of each seat, and the bigger the contents, the more it'll go for.
Second, it opens up a cleaner rewards mechanic for people who want to reach your customers. You could have people opt-in to categories for these - airline, tickets, TCGs, etc. The stock rewards are baseline, but this levels it up. This is like Amex Offers except it works better. Amex Offers is a coupon buried in an app that you have to remember to go clip, and the merchant never really knows if you saw it.
Here a brand drops Masters tickets or an allocated wine case or a graded card into the 400 seats that opted into that category, your phone buzzes, and the thing is already sitting in your account. Provable delivery, provable redemption, and targeting that Amex can't touch because the seat knows what you asked to receive. Fidelity stops paying for its own rewards program and starts charging for it. And they could issue THOSE rewards as NFTs which, if sold, provide a royalty for both companies.
And this is BEFORE third party rewards unrelated to the program...like a NYC Wall Street bar gives a discount to anyone who holds one.
Lastly, and traditional business severely underrates this - community. Very few people have an identity formed around Fidelity, let alone a community, but this deepens brand loyalty and lets them "sell" something besides the accounts. They sell belonging. And when people do sell their accounts, you don't lose customers, they just sell their seat (with or without rewards) to someone else.
I don't think it ships anytime soon. But it could transform an account to something you own instead of something you opened.
With the market shifting between macros and stock growth at the moment I am finding to healthy to use my Stonkbroker as a hedge against crypto itself. Thats why for my marketing rewards elections I selected $AMZN $NVDA and $AMD, split at a 33% rate evenly and at the managing director level this broker (my pfp) has brought in just over $2100 in marketing rewards on Robinhood Chain since activation 3 weeks ago.
I believe the incoming special projects we have coming will create a significant push into our ICO booster for the launchpad which will trigger a massive inflow of volume and users because 1 of the top 100 tokens coming out of the launchpad will be hit by the $1,000,000 ICO boost to initiate the flywheel effect.
Stonklauncher Tokens are live on Banana Gun ๐๐ซ
Trade new tokens pre-bond with the fastest execution and 30% cashback.
Clock in with @clutchmarkets.
Take liquidity out of the hands of scammers and into the hands of builders and the communities that lift them up.
With the data from the $wall launch we saw what happens when liquidity is taken away from snipers and circulated back into the community.
Thatโs why all future Special Projects partners will be required to use our 99% tax decay model.
This model resulted in a 33% liquidity to marketcap ratio for the token, 20 $eth in rewards for the creator and 250 $eth in distributions for active brokers. People might think this is a lot, but the main fact is that this is the liquidity that being extracted daily from every strong launch in crypto. We flipped the script.
We have a lot coming over the next 2-3 weeks. Including several strong (and actually unique non deriv collaborations with some of the strongest blue chip nft teams) as well as major meme-stock launch developments as we shift focus towards more unicorn technologies and more Stock Token based financial primitives(including but not limited to decentralized onchain options (our options exchange known as โLeverage Machineโ where users can earn both lp fees and premiums on their stock token liquidity) this options positions themselves will be fully tradeable onchain NFTs
Stay tuned itโs time to level up.
Again
I honestly believe that crypto being a public ledger is one of our greatest strengths. Traders and investors can use data from this public ledger to make informed decisions. That data has to be easy to consume and navigate. Thats why I have made it my goal this week to give robinhood chain the best chain explorer ever built with data regarding txs, bundles, liquidity pools and charts all in one place not just for Stonkbrokers but for the entire Robinhood chain ecosystem giving these new users of the revolutionary StockFi era a fighting chance to invest at a high level. Safely.
That being said I'm going to need some beta testers for our new explorer "StonkScan" or "BrokerTools" (Still deciding the name).
Retweet this and post "TWO WORDS ROBINHOOD CHAIN " and ill pick some people to help me test this bad boy out.
The next level for crypto expanding ownership to more users is easy access to these assets.
Pretty dope that now I can buy $stonkbroker under trending assets using @RobinhoodCrypto RobinHood wallet in less than 15 seconds using my iPhone with gas fees fully covered.