We at the Blockchain Founders Group are excited to announce the latest addition to our investment track record through investment in basenode.io. Basenode.io is an intelligent accounting system offering tailor-made solutions to organize and keep track of cryptocurrency invoicing and payments, creating a seamless process for freelancers to embrace the token economy.
Why we invested in basenode.io
The crypto market is continuously growing, with the current total market capitalization has exceeded $1 trillion. The rapid growth spurs demand for payments in crypto to circumvent the inefficiencies of the traditional banking system. This is especially true for freelancers who primarily work remotely from different parts of the world, as international payments normally take 2-5 business days to clear. On top of that, it is estimated that freelancers who received the payment through traditional banking suffered from losses of $6,000 on average, according to Forbes.
However, tracking crypto payments is not easy. There are different tokens available and each protocol uses different wallets. Further, it adds extra work for freelancers to consolidate this information required for accounting and tax reporting purposes.
About their mission
Basenode.io has made it its mission to lower the barrier and empower freelancers to accept cryptocurrency payments. Through this, freelancers will be well equipped for various blockchain-based businesses. Basenode.io offers a tailor-made accounting solution, allowing users to choose from features of customized modules suited to their needs ranging. These services range from portfolio management, crypto invoicing, and various tax reporting documents.
Here is how basenode.io embraces the token economy for freelancers:
basenode.io offers seamless fiat-to-crypto invoicing through automatic conversion of the clients’ fiat currency to the desired token.
basenode.io has a DeFi integration, allowing users to generate passive income with their inactive liquidity.
basenode.io allows tracking of Bitcoin lightning network and Layer 2s payments for fast, cheap and private transactions.
Take a look at how users can easily keep track of all their crypto assets on basenode.io:
basenode.io dashboard with real-time crypto and NFT portfolio overview
The team behind basenode.io are experienced professionals with deep knowledge in the blockchain industry. Oliver Schantin, co-founder and CEO, has extensive involvement in the blockchain and entrepreneurial space, as well as a frequent speaker at various crypto-related events. David Brodhagen, co-founder and COO, has worked with several blockchain-related companies and own projects, with deep knowledge in smart contracts for EVMs. Lennert Fuhrmann, co-founder and CTO, has worked for multiple blockchain-based startups as a back-end engineer with knowledge in crypto trading, DeFi, and EVMs. Basenode.io is well equipped to embrace the token economy. Learn more about basenode.io on their Website and LinkedIn.
BFG Blockchain Founders Group is a company builder and early-stage venture capital investor. Our team comprises academic and regulatory drivers of the blockchain economy, serial entrepreneurs, and venture capitalists. We love to work with outstanding entrepreneurial talents and bring to bear the full support of our network to make them succeed. Follow us on LinkedIn, Medium, or Twitter.
About BFG Superstars Program
The BFG Superstars Program is a crypto incubation program for pre-seed ideas and a place for blockchain talents and co-founders to meet and launch crypto startups in 2 to 3 months. Each cohort will launch 5+ crypto startups with different blockchain-based solutions. At the end of the program, selected startups will receive funding amounting to $60,000. Find more information about the program here.