There are tons of cryptos out there with a plethora of different use cases. Some focus on payments, others on the exchange of value, and still others on the creation of smart contracts. However, some of the most interesting projects are those that are trying to address a problem that’s as old as humanity itself.
In this article, we’ll be taking a look at Fluid, a new cryptocurrency project that aims to make it easier to invest in real-world assets. The problem Fluid is trying to solve is called “the trust barrier.”
The trust barrier is the difficulty people have in trusting the ownership of real-world assets. As the name suggests, people have a hard time trusting that someone actually owns an item like a house or a car. It’s difficult to see how one could truly own a piece of real estate without actually living there. Or how one could own a car without getting a title. Investing in these assets is an even bigger problem. Especially real-estate and cars that are not located in major cities and not worth more than a few thousand dollars. Fluid is planning to solve both of these problems with its Polygon, a revolutionary decentralized protocol that makes investing in anything as easy as buying cryptocurrency. Let’s take a look at what Fluid is trying to accomplish and whether it has a chance of succeeding.
What is Fluid?
Fluid is a blockchain-based platform that allows users to invest in real-world assets. The company was founded by Aaron Shapiro, who had previously launched a company called CryptoIQ that provided cryptocurrency investment advice. With Fluid, anyone will be able to invest in a wide range of assets, including real property and collectibles. The platform is decentralized, meaning it’s built on top of the Ethereum blockchain. Anyone can purchase Fluid coins (FLD) in order to use the platform. Fluid is currently only available as an Ethereum-based ERC-20 token, but the team plans to support other blockchains in the future.
Why is Fluid needed?
There are a handful of reasons why people have a hard time buying and selling real-world assets with cryptocurrency. For starters, the assets themselves can be expensive and difficult to obtain. The process of obtaining a car title or a mortgage can be a lengthy and complicated process. This can include filling out a ton of paperwork and waiting for a number of different government agencies to approve the transaction before it’s finalized.
This is especially troublesome if you’re trying to buy or sell assets that are located outside of a major city. This is because government offices are often few and far between in rural areas. This can make the process especially difficult for those who don’t have the time or resources to go through the process. Another problem with investing in real-world assets is the regulatory uncertainty. Many financial institutions don’t want to deal with the regulatory issues associated with dealing in cryptocurrencies. This makes it difficult for investors to buy and sell cryptocurrencies without jumping through a ton of regulatory hoops. Fluid aims to solve both of these problems by making it as easy as buying cryptocurrency.
How does Fluid work?
Before users can buy Fluid coins, they first need to create an account on the Fluid platform. This will allow them to manage their assets on the platform and manage their KYC/AML compliance. Once the account has been created, users can then choose which assets they’d like to buy. Fluid has a wide range of assets to choose from, including real estate, collectibles, and equity in private companies. Once the asset has been chosen, it will be purchased on Fluid’s marketplace.
Once the asset has been purchased, the user can then choose to sell it on the marketplace. Once the asset has been sold, it will be transferred to the user’s blockchain wallet. This blockchain wallet is where the user will see all of their asset purchases and sales. The user can then use their blockchain wallet to manage their asset portfolio. This can include tracking the value of their assets and pulling the market data through an API. The user can also manage their asset portfolio with a wide range of third-party tools. These tools are built on top of Fluid’s permissionless API.
Where to spend your Fluid coins?
Since Fluid is an Ethereum-based ERC-20 token, it can be spent on pretty much anything that accepts ERC-20 tokens. The main difference between Fluid and other projects is that Fluid is trying to integrate with all different types of assets. As a result, Fluid can be used to buy, sell, and track almost any type of asset. More than that, Fluid is trying to replace many of the third-party tools that are currently used to manage a portfolio. This means that Fluid can be used with a wide range of third-party tools, including portfolio managers, hedge funds, and anything else.
One of the best ways to spend your Fluid coins is to use a cryptocurrency portfolio manager. These are third-party services that manage a wide range of different assets, including cryptocurrency. These managers will allow you to track your portfolio and pull the market data through an API. They’ll also allow you to easily trade your assets to earn daily profits and manage your portfolio with a wide range of third-party tools.
The team behind Fluid
Aaron Shapiro, CEO - Shapiro is the founder and CEO of Fluid, and has been involved in the cryptocurrency space since 2013. He has years of experience working in and consulting on the financial services industry. He has helped companies such as Thomson Reuters, KPMG, and the FINRA. Shapiro has also written and published several research papers on the blockchain, cryptocurrency, and finance topics. He holds an MBA from the University of Southern California and a BS in Management from the California State Polytechnic University.
Conclusion
Fluid is trying to make it easier to invest in real-world assets by introducing a new cryptocurrency called Polygon. With Fluid, you can buy, sell, and track almost any type of asset, and the team is planning to integrate a wide range of third-party tools. Fluid is currently only an Ethereum-based ERC-20 token, but the team plans to support other blockchains in the future. If you’re looking for a way to invest in real-world assets, Fluid could be worth checking out.
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2022-04-19 12:28:00
