By now, the cryptocurrency space has a reputation for being dominated by people who are either working in the space or already there.
The problem, though, is that these people are rarely, if ever, doing anything groundbreaking.
What if they did?
That’s the idea behind the Crypto Community Development Capital Network, or DCDCN.
As the name suggests, the DCDC is a cryptocurrency investment fund aimed at helping companies and developers with a capital allocation problem.
It’s an attempt to create a cryptocurrency fund for startups, especially those looking to start a new company or invest in an existing one.
“It’s a project that’s actually very well positioned right now,” cofounder and CEO of DCDC Network, Daniel Roesler, told Recode in an interview.
“The only people who can really benefit from it are the people who already are involved in the crypto space.”
DCDC’s goal is to help startups find capital through an investment strategy that will help them grow, grow, and grow.
The fund will be available to all DCDC members, who are essentially investors in the network.
Members can apply for the fund by filling out a questionnaire and submitting their business plan.
DCDC will then vet the application to see if the company meets the guidelines for its particular investment portfolio.
DCDA members can also invest directly into the fund, as long as they meet the criteria outlined in the fund’s FAQ.
The DCDC fund is set to launch in the second half of 2018, with investors receiving a 30 percent fee on top of their investment.
DCDI will also work with blockchain-focused companies, such as Bancor and ZCash, to set up the fund.
While Roester said that DCDC currently has around 20,000 members, he said that the number will grow as more DCDC member companies come online.
DCDE also plans to make the fund available to a wide range of investment companies and financial institutions, from large financial institutions to small startups.
While it’s unclear exactly how much DCDC users will be able to invest, Roeser said that “everyone will have access to DCDC, and if you invest, you’re part of the capital allocation.”
That means you’ll get a cut of the fund as well.
“People have said that this is a good way to help companies, because it gives them an idea of how much capital they’ll have and also makes it easier for them to grow,” he said.
While DCDC can help companies make more money, it also makes them more likely to find new investors.
As such, Rolesler said that he believes that the DCDI’s investment platform will be a “killer app” for the space.
“As a networked networked society, we’re in a better position to be able not only to support companies, but also to help them raise capital,” he wrote in a Medium post.
“We’re in the midst of a crypto revolution, and the crypto ecosystem is a powerful force to be reckoned with.”