Twocents: Social Media Meets Verified Net Worth

Twocents is a new social media system that changes traditional identities with validated total assets, producing a pseudo-anonymous network where individuals link, post, and communicate against the backdrop of economic fact. The greatest confirmed net worth on the system is $16 million, however there are unverified customers with even greater worths. Andi Duro/ Two Cents

Andi Duro, the 26-year-old founder and chief executive officer of twocents, thought of the idea after observing how riches shaped overlooked dynamics in technology circles. He then set out to develop a system where monetary reality was difficult to fake. Andi Duro/ Two Cents

Twocents: The Core Concept

Twocents validates individuals’ net worth by linking bank accounts, brokerage portfolios and crypto purses through Plaid– a fintech solution made use of by applications such as Venmo and Robinhood. That collective figure, varying as the customer’s accounts do, becomes their single recognizing attribute on the platform.

Twocents is a new social media platform that changes traditional identifications with verified net well worth, producing a pseudo-anonymous network where customers link, blog post, and engage versus the backdrop of monetary fact. The highest possible validated web worth on the platform is $16 million, yet there are unproven users with even higher worths. Twocents is a new social media system that changes standard identifications with confirmed web well worth, producing a pseudo-anonymous network where individuals link, message, and engage against the background of financial truth. The highest confirmed net well worth on the system is $16 million, however there are unverified individuals with also higher worths.

“This all depends on verifiable yet anonymized monetary info, which is a natural fit for crypto,” Tom Schmidt, the companion at Dragonfly who led the financial investment, told NYNext.

Twocents is a new social networks system that changes conventional identifications with confirmed total assets, developing a pseudo-anonymous network where users link, message, and communicate versus the background of monetary reality. The highest verified net worth on the platform is $16 million, but there are unproven customers with also higher well worths. Andi Duro/ 2 Cents

Structurally, the system appears like Reddit; articles are arranged by topic, and users can adhere to or unfollow to curate their feed. But, twocents’ closest relative, Duro says, is the Bloomberg Terminal, which costs around $24,000 each year.

Platform Features and Comparisons

Andi Duro, the 26-year-old creator and CEO of twocents, generated the idea after observing how riches designed unspoken dynamics in tech circles. He after that set out to build a platform where economic reality was impossible to fake. Andi Duro/ Two Cents

While the system recognizes just crypto, broker agent, and financial institution holdings presently, twocents prepares to increase into property, startup equity and other property classes, such as deluxe cars, in the future.

Future Expansion Plans

Despite its economic framing though, Duro has observed that the content published to twocents looks even more like X (formerly known as Twitter) than what’s traditionally discovered on financial discussion forums. Other than spending, subjects vary from national politics to dating to job guidance– with customers’ total assets floating beside each message, including weight– and context– to every viewpoint.

Twocents will certainly turn out throughout iphone, Android, and the internet before the end of the year, Duro approximates, with functions like confirmed monetary posting– think quote-tweeting your very own bank task– and, at some point, a system that rewards not just riches, yet foresight.

Funding will also be made use of to support assimilations for debt exposure, consisting of home loans, trainee fundings, and bank card equilibriums– permitting users to contrast not just wealth, but economic realities.