Introducing Locked.Money: A Journey into Decentralized Finance
Recently, a unique obsession has taken over my thoughts. I affectionately refer to it as my ‘baby’ in the world of decentralized finance. To fully comprehend the magnitude of this venture, let’s embark on this journey from the very beginning.
You might already be familiar with my passion for next-generation finance if you’ve perused any of my previous writings.
In addition to being a part of crypto communities, I’ve spent a considerable part of my career immersed in traditional finance. For years, I’ve managed a legal advice firm that assists individuals and businesses in navigating the labyrinth of banks, law, and taxes.
Witnessing first-hand the hurdles faced by those who are pioneering unconventional businesses or dabbling in the crypto industry’s financial activities has been a revelation. The web of regulations can distort perceptions about what’s permissible and how to manage assets effectively.
Before we delve further, let’s focus on the term ‘effectively’.
I am not a financial advisor. Despite this, I’ve accumulated a wealth of knowledge on how the affluent leverage intricate legal nuances. The wealthiest often diversify their assets across various jurisdictions, thus softening their tax obligations. The motivations behind this can be tax-related, asset protection, or simply due to the uncertainty of the local political climate.
However, this optimization process and its maintenance isn’t for the faint-hearted. It demands time, money, and can often be stressful.
Over the years, countless individuals have approached me with their unique challenges. From unpleasant encounters with local tax inspectors due to misunderstanding the system, to grappling with the complexities of banks and law, the experiences have been vast and diverse.
Now, let’s circle back to the main topic: Locked Money.
My journey with crypto started long ago when Bitcoin was valued at around 200 USD. As cryptocurrencies garnered attention and acceptance, my crypto portfolio grew, and so did my interest. This interest soon evolved into enthusiasm.
For the past few years, I’ve immersed myself in decentralized finance communities.
I’ve spent countless hours in Telegram chats, embarking on a deep dive into this decentralized sea of knowledge.
This immersion has made me aware of the challenges faced by crypto enthusiasts, such as the trying process of converting FIAT currency into crypto, the complex process of declaring taxes, and the necessity of reporting every crypto transaction in some countries.
This experience sparked a realization: it was time to put down deeper roots in this emerging market. And, to do so in the most disruptive and innovative way possible!
The time has come to democratize the tools enjoyed only by the wealthy and make them accessible to all.
Allow me to introduce you to a long-time friend, mentor, and business partner, Arvydas. A lawyer with decades of experience working with the world’s biggest legal firms, he brings truly unique knowledge to the table. You’ll get to know him better if you decide to join Locked Money.
During the birth of his beautiful child, I experienced a moment of inspiration that led to the birth of Locked Money. I began writing a white paper for this exciting venture, which felt like a gift to my wonderful friend.
Fast-forward a few months, and we’re now focused on growing our community!
There’s a third co-founder involved in this project. He’s an amazing individual, a considerate friend, and a top-notch professional. I’ll share more about Chris in my next blog.
If you’re intrigued and want to join us on this journey, visit https://locked.money and join the loop!
P.S. I created a Gleam campaign where you can collect points, which will eventually convert into our tokens. You have a chance to go FROM ZERO TO HERO!
Are you in?
