The centralized part of the Roobee platform A couple of d | ROOBEE (ENG)
The centralized part of the Roobee platform
A couple of days ago, we discussed why we started working on the decentralized branch of the Roobee platform and dived into DeFi. In today's post, we'd like to talk in detail about the centralized branch of Roobee — the progress we've made, and our plans for the future.
1. Progress made. In the summer last year, we launched the centralized part of the Roobee platform. ROOBEE token holders were the first to get access to it. A bit later on, we open sign-ups for everyone. After the technical launch, we released several major updates and made a complete platform redesign. All the changes and improvements were made based on the feedback of our users. The platform is fully operational, and the number of Roobee users is growing daily.
2. Products. The centralized part of the Roobee platform is designed to lower the entry thresholds and make investment instruments accessible for everyone. For example, Roobee users can purchase investment products from the traditional market:
— an S&P 500 ETF
— the iShares Russell 2000 ETF
— an ETF on Chinese technology companies
— an ETF that invests in real estate investment trusts (REITs)
— the Invesco NASDAQ 100 ETF
— the SPDR Consumer Staples
— an ETF on companies from the healthcare sector
— an alternative energy ETF
— an ETF on gold
— and more
We also want to make special mention of pre-IPO products which are very popular among our users:
— Robinhood (users have successfully purchased the entire allocation available at the pre-IPO round)
— SpaceX (the Pre-IPO round successfully completed)
— Airbnb (the Pre-IPO round successfully completed, the IPO and listing already took place)
3. Advantages. One of the advantages of the centralized branch of the Roobee platform is that users can purchase products from the traditional market via crypto. Roobee also allows users to invest in instruments that were previously available only to a limited circle of investors — for instance, pre-IPOs.
At the same time, the Roobee platform utilizes the blockchain technology to provide transparent and unforgeable statistics. Whenever a Roobee user purchases investment products on the platform, the data gets recorded on the blockchain, which proves that the investment is real and belongs to this particular user.
4. The ROOBEE token. Users can already use the ROOBEE token on the platform. For example, to participate in Robinhood's Pre-IPO, it was required to have at least 5,000 ROOBEE on the balance.
Very soon, we will add new products and change the ways of how the token will be used on the Roobee platform — ROOBEE tokens will become mandatory for use on the platform.
— ROOBEE tokens will be used for paying fees on the platform
— ROOBEE will also be used for gaining access to a greater allocation of investment products
— other options
What's next? When it comes to the further development of the decentralized branch of the Roobee platform, we will focus on adding new pre-IPO products, strengthening our range of ETF products, and expanding the use scenarios for the ROOBEE token.
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