What is the blockchain platform for providing funds to blockchain startups?
Dsion CEO Seo Jong-pil is marketing this unfamiliar concept these days. His objective is to provide funds to eligible startups and protection to investors.
In an interview with the Block Media Tuesday in Seoul, Seo said Dsion adopts a decentralized and democratic formula in screening startups for funding.
Dsion picks ‘Master Nodes’ and ‘Sub Nodes’ by the amount of Dsion tokens they have. It is these Master Nodes who screen and grade startups. All kinds of information on startups are made public in the blockchain after they get an evaluation. By such transparent information, Dsion picks the startups eligible for obtaining funding.
The Dsion CEO said its investment decision is made through a democratic and decentralized process because screening is made without top-down influence.
Investors will also closely monitor these Master Nodes to check whether they are screening objectively, fairly and openly. Master Nodes will compete with each other to provide objective evaluation result, Seo said. Such competition would create a healthy check and balance for an objective evaluation of startups, he added.
He said Dsion investors could redeem 50-80 percent of their investment when their investment turns sour.
