After many long months of development, we’re excited to introduce StationX to the world. We started StationX with a clear goal in mind: to merge the best principles of crypto and build a protocol that automates workflows for onchain communities. We’ve finally given Beta access to 25,000+ users who had been on the waitlist till 01/12/23.

Despite the challenges we’d seen during the ICO craze – including scams and unregistered securities, there was a frenzy there for a reason: capital coordination globally is still way too high friction and capital itself is unevenly distributed. We'd have way more startups & ideas lifting off the ground if it were easier to raise money, and deploy money. Not just that: people raising capital for an apartment complex, or any other opportunity in private markets. Democratizing fundraising could unlock tremendous latent entrepreneurial energy across the world. We spent significant time reflecting on our own experiences in building similar systems using blockchain technology, engaging with users and iterating on what that goal tangibly meant, and we’re excited to finally share our roadmap and vision with the community at large.

StationX is building the infrastructure to enable the next wave of community-run venture vehicles called “stations”—powered by web3 technologies.

Stations help communities coordinate capital in ways that transcend borders and banking hours. The infrastructure of “the station” consists of 3 core building blocks:

1. Multisig Wallet as Treasury - A multisig wallet is spun up with you as a default owner automatically when you create a station, or optionally, you could also import an existing multisig wallet. This multisig acts as a treasury to store, track & manage your station’s funds/assets.

2. Issuance of Token-based Membership/LP Shares - Every Station has shares represented by a private token on the blockchain. This token acts as a record of ownership in the entity, deployed when the station is created. LPs receive their pro-rate membership shares after depositing USDC into the station.

3. Fund Administration - You can set fund controls to specific admin(s) to manage treasury or choose members’ agreed governance for decision-making. And utilise the no-code suite of executable onchain actions to absorb complex fund ops.

Our ecosystem’s offerings focus on three stakeholders in the industry

With StationX, we aim to push the entire crypto industry forward by focusing on three of the most important stakeholders in the crypto landscape: Fund managers, Investors, and Founders. Thus forming a virtuous cycle for innovation to thrive:

For Fund Managers: Web3 Platform for Fund Management

Rather than managing multiple wallets, spreadsheets, allocations, etc. fund managers can use StationX’s fully self-custodial structure to receive capital from LPs into one entity, and use our platform to run any kind of venture vehicle onchain to deploy funds and share profits like:

1. Venture Funds: This structure allows you to raise funds from LPs once and deploy them across multiple deals over longer periods with an administrative team.

2. Syndicates: This structure allows you to negotiate an allocation into one or multiple deals, and then accept co-investors to join your entity.

3. Rolling Funds: A new vehicle is raised quarterly with LPs' commitment to auto-renewing and funds are deployed continuously, much like a software subscription.

4. Venture DAOs: Give a membership NFT to your community members and give them access to co-invest in your dealflow by spinning up an SPV for each.

Our platform would allow you to automate complex onchain workflows involved in the lifecycle of fundraising & fund deployment like:

1. Track fund positions

2. Manage fund administration

3. Track member shares

4. Deduct carry & performance fees

5. Distribute dividends/profits to members, etc.

6. Share, sign & manage documents

7. Send Investor communications

8. ..and more!

If you’re a fund manager, we’d love to schedule a demo call with you to learn how you operate and offer simpler (and more secure) frameworks using StationX.

For Investors: Share, discover & co-invest in deals

Having invested via DAOs, pools & syndicates in the last 3+ years, we believe that a private community of founders & managers will navigate themselves into highly profitable investments even with small individual capacity by working together as a hive mind.

BackerDAO is one of the first syndicates on StationX which is 50 members strong currently & opening doors for more members in Jan 2024.

Inside BackerDAO you are incentivised to:

1. source & lead deals, earn carry if executed

2. diligence incoming dealflow

3. pick & co-invest in interested deal(s)

4. Refer & invite new members

If you’re a founder or a fund manager, we’d love to have you inside BackerDAO because we believe it’s the best time to deploy. The last date to fill out this form to apply for S2 is 31/01/24.

For Founders: Spin up a station as Roll Up Vehicle (RUV)

Rather than managing allocations from hundreds of individual angels, if you’re a founder, you can use this RUV structure to receive small angel checks into one entity. Create a station, and share a link with your investors to securely receive USDC, issue LP shares and sign agreements onchain. Fundraising is distilled down to a URL and a single line on the cap table.

Build the next wave with us

In the coming years, web3 will go mainstream and redefine people's interactions with products, platforms, applications, brands, opportunities and most importantly—each other. We’re already seeing digital currencies like USDC disrupting global payments. USDC is a blockchain-based 1:1 backed digital dollar, one of the largest stablecoins in the world and the largest US-domiciled and regulated dollar stablecoin. With the right regulatory framework, stablecoins and blockchain networks could scale to support billions of users and tens of trillions of dollars in payments and investment activity.

The formation of corporations paved the way for modern industrialisation many decades ago - these entities are so prevalent in our modern society and arguably more powerful than many nations themselves. Investors were able to contribute capital towards ventures, record their ownership, and marshal resources, and through the issuance of stock, their rewards could be distributed should the ventures be successful. And onchain communities, organizations, and economies will be realized at an unprecedented scale much like corporations of the past—and we’ve built its foundations right now.

Special shoutout to our ecosystem partners for extending support to us: Safe, Filecoin, AAVE, Livepeer, Lens Protocol and Push.

Links:

1. Updated website: stationx.network

2. Enter dApp: app.stationx.network

3. Follow announcements on X

4. Follow announcements on Lens

5. Don’t have your BETA invite? Get on the waitlist here.