Satoshi’s Index becomes the first Fintech company to use NFTs for ownership of software licenses
The technology innovation uses NFTs to authenticate user ownership and permissions by registering software licenses for their product on the Ethereum blockchain
SEATTLE, February 21, 2023–(BUSINESS WIRE)–Satoshi’s Index, the Web3 fintech firm offering automated crypto investments, is relaunching with an upcoming mint, updated platform and a first for blockchain – offering ownership of a software license using blockchain token technology.
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Satoshi’s Index (Graphic: Business Wire)
Each NFT owner will receive unlimited access to use the firm’s dollar cost financial averaging products and corresponding cryptocurrency investment platform. The token authenticates ownership by verifying an email and associated wallet address to verify that the user has the token. This is the world’s first recorded use of a token-gated SaaS platform in fintech, using individual NFTs to own, trade and sell a software product.
The project will mint an additional 737 NFTs on February 23 at 0.15 ETH each, to continue scaling and improving the product before raising outside capital investment. The firm, which raised seed capital from the original coin, has no current outside investments and remains fully crowdfunded by its several thousand strong Discord community, a group of crypto investment enthusiasts affectionately known as ‘Satoshi’s Disciples’. The verified holders also inform the product roadmap, and vote on new features, exchanges and trading strategies that will be added to the platform next.
Lennox Matsinde, co-founder of Satoshi’s Index, said: “Imagine a world where software is tokenized and you can own your Netflix or Spotify subscription. Then when you no longer needed it, you had the option of reselling it on a secondary marketplace, at a price of your choosing. Smart contracts and blockchain technology unlock new and disruptive use cases like this, which have not been possible before. The ability to sell software on both a license and subscription basis has enabled us to accelerate our growth without having to raise external capital. Our vision has always been to democratize and simplify crypto for the retail investor. But the ability to also buy and sell the software license itself on the blockchain has revolutionized how we think about software as a service.”
The crypto trading platform, which tracks a user’s crypto investment history as well as the top cryptocurrencies by trading volume, has been completely rebuilt from the group for improved navigation and readability. The platform connects to a user’s exchange via API and performs dollar averaging purchases to diversify a client’s portfolio. Satoshi’s index is not a custodian for any crypto. All assets reside in the user’s own exchange.
Kevin Villatoro, co-founder of Satoshi’s Index, said: “You can think of us as a crypto 401k plan. Everyone thinks crypto is a get-rich-quick scheme and bad actors have flooded the space with misinformation. We are committed to bringing long time-term, traditional investment strategies, education and tools to the crypto space for the average investor. Anyone who wants to get behind that mission can OWN that promise with lifetime access to our trading tools with our NFT product.”
For those who want to test the platform, the team has also built a simple subscription model that can traditionally be accessed via email and credit card. Exact coin information below.
*Project Name:** Satoshi’s Index
**Requisites:** 737
**Mint Price:** 0.15 ETH
**Mint date:** February 23, 2023
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**About Satoshi’s Index**
Satoshi’s Index exists to educate, innovate and democratize retail crypto investing. Satoshi’s Index is a token-gated SaaS platform that enables automated portfolio management for crypto investors. Holding an NFT gives users unlimited access to the trading tools and platform. Users can also access the platform and trading tools via a paid short-term subscription. The index tracks the most popular coins by trading volume each month, allowing customers to instantly diversify across a basket of coins.
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Contacts
Wes Morton
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