etnom
@etnom.eth
A real business listed on Onyx - a product we only started building two months ago. This one surprised me because I initially planned on targeting web3 businesses first (crypto native users). However, Brian of Reno Rennsport reached out and we had a two hour discussion about how the current financial system is broken for most small businesses: - He's been burdened by fraudulent credit card chargeback scams on his business (stablecoins will solve this) - Getting an SBA loan takes ~9 months - There's no marketplace if he ever wants to sell his business Onyx is showing people that there's a new way of doing business - fully onchain. And that can be tokenized.
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etnom
@etnom.eth
Why was Reno Rennsport interested in tokenizing? Because a token allows Brian to share ownership of his business. Holding the token grants holders ownership over cash flows and management of the treasury. What can Reno Rennsport (RRS) now do with a token? - RRS can launch into borderless secondary markets and sell fractions of business ownership. - RRS can take out a microloan using the tokenized equity as collateral. - RSS can do token-to-token M&As between two tokenized businesses. Processes that took years and loads of paperwork previously can now be done in a series of clicks. That's the unlock of Onyx and that's the power of tokenizing your business.
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etnom
@etnom.eth
Reno Rennsport is our long-term ideal customer for Onyx. We're in open beta right now and we're working around the clock to ship the first set of features. If you're a small business and are interested in trying out Onyx early, reach out or list yourself today: https://onyxdotbond.xyz Usually onyx.bond but we're having domain issues!
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