Why Fairmint?
Fairmint is turning equity into a powerful community engagement tool.
The digital world has given users of popular services more of a voice than ever before. Fairmint is a program that offers companies better access to equity. This is beneficial to both the company and users alike. But in contrast to other methods of acquiring shares, Fairmint uses next generation technologies to provide a quality experience no matter what side of the exchange you’re on.
What is Fairmint?
A DeFi startup based in San Francisco, Fairmint is designed to allow stakeholders to buy securities directly from a company’s website. Founders can use a continuous securities offering, or CSO, based on a specified amount of the company’s equity. These securities are considered Continuous Agreement for Future Equity, or CAFEs.
After a company using Fairmint puts a percentage of its equity in a CAFE offering and some time has passed, investors can purchase tokens representing their ownership in the CAFE. While the CSO is active, token holders can buy, sell, and trade their shares as much as they like after the one year lockup period is over. This allows users to grow and earn wealth right alongside the company itself. Unlike traditional equity offerings, Fairmint’s CAFE allows founders to remain in control of their company, makes investing a hands-off experience, create a business-specific stakeholder incentivization plan, provide liquidity after one year, and allows anyone who is able to participate. For more information, check out their website.
Using Fairmint to Benefit Endowl’s Users
By using Fairmint as a platform to allow users to invest in Endowl, we can open investment to a broader community and more fairly distribute ownership of the platform to more people. Typically, investing for the average person can take a while. With up-and-coming companies, those interested in becoming stakeholders aren’t able to acquire shares for a significant period of time. By the time they would have even gotten the opportunity, venture capitalists may have already jumped on board, leaving no room for the company’s user base to invest themselves. With a CAFE, more investors are able to own tokens.
Fairmint provides a more fair and equitable way for Endowl supporters to invest. And, since Endowl is already keeping your information secure for when you pass away, this extends to your tokens acquired through Fairmint, as well. If you die while holding Endowl tokens, we can handle that natively within our app. Your heirs can be made aware of this asset that will then be passed to them, allowing them access to the token(s) so nothing gets lost. The Fairmint platform gives Endowl users a way to invest easily, without worrying about venture capitalists swooping in.
Endowl provides the decentralized tools you need to manage the full life cycle of your will. Our app makes it easy to create an estate plan and keep it up to date as life changes, without needing a lawyer. It automates and simplifies each step of creating an accurate estate plan so that it is accessible and affordable to most people.
For more information about Endowl and sign up for our upcoming beta release, please visit us at https://endowl.com.
