Basketo

Basketo is a marketplace that lets crypto investors invests in Token baskets where the other crypto investors build Token baskets.

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Inspiration

How often do we usually find people who invest in Cryptocurrencies, and how hard does it take for an individual to make a crypto investment with confidence?

Cryptocurrencies are very distinct in nature, range, and market from one another. Investing in distinct coins separately takes a ton of courage with fearful efforts. Coins are strong individually, but they can be irrevocably powerful when they unite to be a basket.

Our Mission behind BasketO is to unravel, uncover, and introduce the true potential of crypto, token baskets, and on every action with BasketO, an NFT gets generated for the user.

What it does

BasketO has two user personas:

  1. Create/Mint crypto baskets
  2. Invest in crypto baskets

Create/Mint crypto baskets

Creating or minting a crypto basket is all about uniting the tokens of your choice, and minting that in the block chain creates an NFT, we term that as the Financial NFT

All it takes a few steps:

  1. Log on to the BasketO with supported wallet
  2. Click on Create basket
  3. Choose the list of tokens you wish to unite, and configure the weights appropriately.
  4. Hit the create button You now own an NFT token that could even trade.

Invest in crypto baskets:

BasketO users can choose any appropriate basket and start their recurring/lump-sum investment journey confidently. Investing in token baskets has never been an easy task, with Basketo make your investment journey easier than ever.

  1. Log on to the BasketO with supported wallet
  2. Get into the Explore section to find a wide range of token sets
  3. Choose one with the choice of return metrics.
  4. Make an analysis and apply the initial amount
  5. Hit the invest button.

Challenges we ran into

  1. Fetching the data from the graphs and presenting in a metric was an ad-hoc to the development
  2. Integrating the DEX/CEX with the application

Accomplishments that we're proud of

  1. We were able to mint our very first NFT in block chain.
  2. Ideate to unite tokens and term Financial NFT.

What we learned

  1. Do-ables and non-do-ables with Web3.0
  2. What web 3.0 is lacking off
  3. How we could upskill and apply ideas to actions.

What's next for Basketo Finance

  1. Launching BasketO in multiple networks
  2. Integrating BasketO with various wallets
  3. Enabling the app to perform cross-chain transactions.
  4. Adding much more user customization
  5. Tweaking the business model by offering royalties to the creators

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