Blockchain Pioneer Sandclock Launches New Platform to Enable Next Generation Wealth Creation
At Sandclock, we believe that we can build a bridge between blockchain as a technological innovation and blockchain as a tool for unique banking solutions
Cayman Islands (PRWEB)
27 September 2022
Sandclock, a subsidiary of Lindy Labs, has launched its new platform to enable users to save, give, invest or spend returns generated on stablecoins. Sandclock occupies a unique role in the blockchain ecosystem by combining an optimal user experience with the most advanced return-generating strategies to provide users with maximum investment power and flexibility. A sleek interface and user-friendly features can help simplify the enormous complexity of blockchain technology – a design that benefits both mainstream and cryptonatives alike, and will ultimately help democratize DeFi adoption.
“At Sandclock, we believe we can bridge the gap between blockchain as a technological innovation and blockchain as a tool for unique banking solutions,” said Alexander Hughes, head of legal and compliance at Sandclock.
Among the new planned offerings is the Sandclock prepaid card model, which allows users to spend a portion of their returns while protecting their principal. Taking it a step further, users can delegate profits to a person in need, such as refugees fleeing the war in Ukraine. Sandclock will enable users to dollar cost average in perpetuity investable assets with their yield and/or principal. Furthermore, the platform enables seamless philanthropic giving to global charities.
Sandclock began as an initial philanthropy project in May 2021, before evolving into the general wealth management solution it is today. Co-founders Cristiano and Elizabeth got the idea for Sandclock after their dog swallowed a whole chicken bone, which made her sick, and a small non-profit provided the educational resources and information that saved her life. Cristiano, a mathematician, has extensive experience working in the blockchain space, while Elizabeth’s previous experience is in the education and philanthropy sectors. Drawing on their collective personal and professional experience, they were inspired to bridge crypto and charity in a unique way, and Sandclock was born.
Sandclock empowers users to take control of their money and access high interest rates enabled by blockchain technology, with more flexibility, automation and higher APY. Sandclock is essentially the world’s first user-programmable yield optimizer built for the masses, but just as useful for power users. The innovation also spans new governance and tokenomic models to enable the seamless transfer of value across the web.
Sandclock uses their ecosystem management token, $QUARTZ, to enable users to propose and vote on proposals submitted to the Decentralized Autonomous Organization, or DAO. Holders of $QUARTZ can decide how to allocate certain protocol funds, propose partnerships with other protocols and organizations, and can propose and change new or existing parameters for the protocol’s pools.
Among the benefits, cryptocurrency gives consumers greater autonomy and control when it comes to their money. Completely digital, cryptocurrency makes sending money easier and provides a greater sense of privacy for the buyer. Building on blockchain – an open, permissionless system – there is composability between protocols (protocols are modular like Legos or pipe joints). Users can mix and match them together in different ways, giving rise to new products. Sandclock supercharges this composability to allow developers to build and innovate on top of Sandclock’s open source architecture while allowing users to create their own metavaults.
More investors are adding cryptocurrency to their portfolios, and interest is growing in ways that cryptocurrency can support and sustain other elements of financial management beyond buying and selling. Cryptocurrency is also favored by people with a higher than average interest in charitable giving. According to Fidelity Charitable, 45 percent of cryptocurrency investors donated $1,000 or more to charities in 2020. By contrast, only 33 percent of their peers in the overall global investor population have given that much.
“Connecting users’ desires to leverage cryptocurrencies and blockchain technology to create wealth, while addressing their human drive to support global causes, will be the key differentiator for generosity-based cryptocurrency in terms of adoption and growth, Hughes said.
Sandclock has raised close to $20 million exclusively from the community in one of the most successful crowdfunding campaigns, enabling every individual to have a fair and equal chance. Philanthropy remains at the heart of Sandclock, deeply rooted in its inception, which is why a portion of Sandclock’s treasury is allocated to incentivize giving via a mechanism known as “voting delegation.” Sandclock’s power to generate returns will help many people save for the future in a way that banks cannot ensure.
“Our platform enables users to responsibly grow their wealth by empowering them to create their own metavaults or foundations, just like the wealthy do,” said Elizabeth, co-founder of Sandclock. “Essentially, Sandclock represents the next generation of value creation.”
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The above material is provided for informational purposes only and should not be construed as investment, tax, legal, financial or other advice, or an offer or solicitation to buy or sell any securities. The material is not intended to be used as a general investment guide, or as a source of any specific investment recommendations, and does not make any implied or express recommendations regarding the manner in which a person’s funds should or will be managed, as appropriate investment strategies depend on the person’s objectives.
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