bank called security on me when I tried to take a loan against my ancestral home to buy Bitcoin before the ETS went live. And that wasn't even my first crypto loan. I started in crypto in 2017 with a $1,000 loan from my father. Since then, one goal has remained consistent to own one full Bitcoin. But when Bitcoin was $20,000, I didn't have the 20 grand.
And at 100K, I'm getting priced out. This is the story of most of us in crypto. We aspire to own Bitcoin but 50%age of us owns zero. While trying to solve for this, I came across something remarkable. Two out of three times in Bitcoin's history, it yielded more Bitcoin to take a when you took a loan than a dollar cost averaging.
With this insight, we launched Bitmore, D5's first underolateralized loan for acquiring Bitcoin. make a down payment and pay the rest monthly like a mortgage. Bitcoin remains locked in an escrow till repayments are completed while built-in protections ensure a liquidationfree predictable borrower experience while meeting lender obligations. We started acquiring users with our DCA mini app is on the way to do $8,000 this month and is growing at 95% week over week. And we just launched our our loan app on testnet today.
I'm Z Paul, former head of product at Qu audits where I scaled a D5 security product to 100K monthly active users and my co-founder is a quant and a D5 engineer who's built uh orderbook decks. A CTO has built and sold a startup to Arviv. As a team, we want to create millions of new full coiners and unlock Bitcoin ownership for the next billion users because everyone needs a bit more Bitcoin.
Automatic transcript — names and jargon may be misspelled.