Cryptocurrency Platform ‘Let’sGo’ Aims to Solve Financial Blacklisting

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A new Ethereum-based platform, Let’sGo Finance, says it aims to solve the problem of financial blacklisting by using “staking,” a new cryptocurrency-based method of investing and wealth creation, to solve the problem of financial censorship.

“Staking” allows owners of cryptocurrency to tie their wealth to particular projects or creators, generating more cryptocurrency for as long as the wealth is “staked.”

Let’sGo, which launched earlier this month, applies staking to crowdfunding, allowing both the staker and the crowdfunded project or creator to receive a stream of income.

The photo shows a physical imitation of a Ethereum cryptocurrency in Dortmund, western Germany, on January 27, 2020. (Photo by INA FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)

The photo shows a physical imitation of a Ethereum cryptocurrency in Dortmund, western Germany, on January 27, 2020. (Photo by INA FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)

Users are able to withdraw “staked” cryptocurrency at any time, meaning wealth is not directly transferred to creators in the same way as traditional funding. Instead, both creator and donor have the ability to benefit from cryptocurrency staking.

Established crowdfunding and subscription platforms such as Patreon have moved towards financial blacklisting at the behest of the far-left and its allies in the media in recent years, leaving a gap in the market for platforms that don’t ban users for exercising their First Amendment rights.

ANAHEIM, CALIFORNIA – JULY 12: CEO of Patreon Jack Conte attends VidCon 2019 at Anaheim Convention Center on July 12, 2019 in Anaheim, California. (Photo by Jerod Harris/Getty Images)

“A couple years ago I remember people complaining about Patreon’s censorship,” said LetsGo founder Jesse Herman. “In response, they created parallel structures that were still beholden the approval of big banks.”

“We’ve created a solution that needs no approval from anyone and is simply a better way to donate. Stake to donate and when done, remove 100% of your funds. In addition, you can make money while you donate.”

“The idea originally was about creating a Patreon alternative. Quickly though we realized this could be a tool for social good, activism, community building, disaster relief and more. The charitable potential is enormous.”

Allum Bokhari is the senior technology correspondent at Breitbart News. He is the author of #DELETED: Big Tech’s Battle to Erase the Trump Movement and Steal The Election.

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