How to Profit on Uber and AirBnB With Crypto: Project Helps Investing in IT Companies

BaseCore, a US-based blockchain project, reveals a new security token concept which allows investing in private IT companies, like Uber, AirBnB and Grab, among others.

According to the project's whitepaper, the BaseCore token is backed by a portfolio containing the assets of private IT companies.

The BaseCore company aims to purchase shares from private IT companies and tokenize them by creating digital assets - the BaseCore security token.

The BaseCore token is a dual-purpose investment tool: it will include investments in the asset market, in the form of private IT companies, as well as the potential growth of the largest cryptocurrencies, such as Bitcoin and Ethereum.

The financial model of the BaseCore business assumes a dollar-based system of payment when making financial investments in private companies.

"In practice, this means that unlike most of the alternatives proposed, buyers of the BaseCore token who exchange it for BTC and ETH are given an additional opportunity to invest in the private IT companies market. It also ensures retaining all the possible profit if the value of 'dollar' or 'fiat' invested in the cryptocurrency token grows," reads the white paper.

The BaseCore platform works on the Excalibur exchange protocol which provides the exchange of ERC-20 standard tokens.

In order to avoid such problems, BaseCore implemented a basic asset exchange algorithm taking into account all the flaws of other decentralized exchanges.

The BaseCore platform will include a verification mechanism ensuring compliance of token vendors and accredited status of token buyers, in addition to the standard Know Your Customer and Anti-Money Laundering procedures.

As BaseCore reported to Cointelegraph, the Excalibur project is currently at the stage of closed alpha testing, though an invite can be obtained via their GitHub link, The local IPFS version at GitHub is available for download as well.