Chaitenya Gupta
@chait
It's now easier than ever to become a business owner using just your crypto wallet - in one click! If you're a builder, freelancer, consultant, or an entrepreneur, this is for you. Let's explore how with an example of receiving a grant from @base
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Chaitenya Gupta
@chait
The first step when receiving a grant typically is to sign agreements. Why not do it under your personal name? • Unlimited personal liability • Harder to manage with multiple people • Messy separation of personal and business assets • Much more difficult to open bank accounts, offramp/onramp funds
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Chaitenya Gupta
@chait
With OtoCo you can create an LLC using just your crypto wallet within seconds. Your wallet address becomes the first member of your entity. No paperwork or filings - Just instant setup.
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Chaitenya Gupta
@chait
After creating, From your OtoCo dashboard, create a wallet owned by your entity. Use this to receive funds and manage operations efficiently. Then, Provide the entity's wallet address to the grant-giving organization. They'll send the $$$ directly to this address.
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Chaitenya Gupta
@chait
Once received, use OtoCo's partners to offramp funds, make payments, or open a bank account - all under your business. Seamlessly integrating between crypto and traditional finance.
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