That setup involves creating funds that pay out interest in the form of dividends. Hok adds that, unlike Coinbase and BlockFi, Seashell's initial legal structure is set up to ensure it doesn't trip over securities laws. So how will Seashell avoid similar problems? The answer is that, for now, the company will only make its saving products available to accredited investors-a legal term that the SEC defines as anyone who makes $200,000 (or $300,000 with their spouse) or has a joint net worth of $1 million.Īccording to Hok, Seashell is playing a long game, perfecting its product and staying on the right side of regulators until the legal climate makes it easier to offer crypto products to everyday investors. Securedverse (SVC) Gaming Crypto with High Growth Potential in 2023. Meanwhile, Coinbase announced it would offer a relatively modest 4% return on stablecoins but then backed down in response to pressure from the SEC. RobotEra (TARO) Newest Crypto Game With LBank Labs-Backed Token on Presale. BlockFi, founded in 2017, has plastered ads across the country promising returns as high as 9% on Bitcoin and other cryptocurrencies on an easy-to-use platform.īut BlockFi has landed in a world of trouble, with multiple state regulators accusing the company of violating securities laws. Seashell is not the first crypto startup to offer DeFi-style returns to non-technical investors. 'We take the best of yields from across the board and make it easy,' he said. Hok describes Seashell-whose name is inspired by early cultures that used shells as payments-as blockchain-agnostic.

In an interview with Decrypt, founder and CEO Daryl Hok billed Seashell as an 'inflation resistant' savings tool-a description that is likely to appeal to savers who are facing eye-watering rises in the consumer price index, including a December figure December figure of 7%. provides the most complete list of all minable PoW (Proof of Work) coins and their specifications. Seashell came out of stealth on Thursday, announcing it has raised a $6 million seed round from a list of blue-chip backers, including include Mark Cuban, Coinbase Ventures, Robinhood founder Vlad Tenev, former CFTC Chairman Christopher Giancarlo (aka “CryptoDad”) as well as the founders of Solana and Polygon.

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