The first asset has been funded on MyBit Go through the Ethereum Blockchain!

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Mybit IOT Financing

The first asset has been funded on MyBit Go through the Ethereum Blockchain!

We talked about it in a previous article, the launch of Mybit Go on the Ethereum (ETH) blockchain.
https://bitcoincryptoadvice.com/mybit-go-dapp-launched-on-ethereum-mainnet

Mybit allows anyone to invest in IoT revenue generating devices.

These include the likes of robotics, autonomous vehicles, smart property including co-working spaces and storage units, drones, cryptocurrency ATMs and cryptocurrency mining, 3D printers, etc…

The first asset was therefore funded on the Mybit Go Platform.
https://medium.com/mybit-dapp/the-first-asset-has-been-funded-on-mybit-go-2af36bba87d

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First asset funded on Mybit Go

The six investors who participated in this historic event will receive payments on the Ethereum blockchain, the revenue generating asset.

The asset manager will oversee the operation of the device as it provides network services to the MyBit DAO.This first asset financed on the Ethereum (ETH) blockchain via the Mybit Go application is an example of what can now be done in asset financing thanks to the blockchain.

There are no more intermediaries like a financial broker or an investment fund, investors pay in crypto and everything happens on the Ethereum blockchain.

Transactions can be verified immediately and can be tracked in real time.

Income payments will be made directly in cryptocurrency, a revolution in the way of investing in assets because until now, it was necessary to go through intermediaries while Mybit Go allows investors to agree among themselves on the financing of an asset!

This first asset financing is the first step towards changing the way in which assets, IOTs, etc. are financed.
The goal being to disrupt the whole financial sector as it works today.

In the future, everything should go through the blockchain but we must first attract investors to this new mode of financing which is only in its promising beginnings.

Learn more about mybit.io.

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