Company’s tokenization step by step. 8 tips to help you get funding through Blockchain

Iwo Hachulski

06 Jul 2020
Company’s tokenization step by step. 8 tips to help you get funding through Blockchain

Tokenization, by the most popular definition a form of transforming the value of business into digital resources, evokes more and more interest among entrepreneurs. Tokenization may be particularly important for entities that are considering alternative paths to VC or Business Angel to obtain financing for the development of their companies. The post-pandemic crisis and the new reality faced by business founders may encourage them to delve deeper into the subject, especially in the context of scarce funds of traditional investors. The company's tokenization often provides an easier and quicker opportunity to raise funds for further investments. Is this a solution worth considering? Where to start in order to tokenize your business? In this article we present 8 steps to implement the whole process together with specific examples of the tokenized projects.

Preliminary analysis

Make a preliminary analysis to assess your company's financial needs. Specify what you want to raise money for. Identify your target group, competition and market and decide if it is prospective enough. Describe your business or product and consult it with blockchain experts. Answering the question - to whom your issue should be directed - will also allow you to undertake the first analyses related to a later marketing campaign.

Choice of the type of issue and legal form

An important issue is the choice of the type of blockchain tokenization and legal form of the issue. A number of solutions are available, including ICO (initial coin offering), STO (security token offering) and ETO (equity token offering). ICO does not guarantee any ownership rights to the token buyer, and the issue and purchase of the offered tokens can be done almost entirely anonymously. STO and ETO, on the other hand, secure the purchaser through legal solutions, thereby transferring shares in the form of the purchased token. Thanks to the verification of both companies and investors they provide greater security for each party. They are in a way hybrid solutions - a combination of cryptic ICOs with more traditional investment fundraising.

Token economy

The next step is to identify the so-called token economy, which defines the type of emission. It consists of a number of elements:

Define a target, minimum and maximum amount to be collected within the issue. It is important to have an understanding of economic law. Choose the appropriate jurisdiction or law firm that will guide you through the process of establishing a company and a bank account in a given country, taking into account specific administrative requirements. The Nextrope team cooperates with law firms specialising in this area, so you do not have to waste time looking for top-notch lawyers specialising in tokenization.

Decide in which currencies customers can buy tokens. Will they be just cryptic currencies (specify which ones) or will they also be traditional currencies? The most common solutions are ETH, BTC, USDC and USDT. Depending on your preferences, the implementation will be more or less time-consuming.

Companies often lend tokenization on their infrastructure as part of IEO (initial exchange offering). This approach is unfortunately very limited and is not suitable for more legally complicated solutions. The main obstacles for companies considering IEO tokenization are primarily:

- Sharing revenue with another revenue broker.

- Loss of potential to build their own community.

- Problems with handling sensitive data.

Decide within which model the tokens you emit will be functioning. Options include the standard ERC20 or the new ERC1400 format. The first one guarantees that the tokens will not differ from each other in any way. The second one makes the tokens non-fungible. Each of them is unique and marked with a serial number.

Determine the benefits of purchasing your tokens to buyers and how large the token circulation will be on the market.

Start cooperating with a tax and financial advisor, who will develop the most optimal financial constructions for you. At Nextrope we cooperate with many advisors and we will be happy to connect you with them.


Take care of KYC (Know Your Customer) and AML (Anti-Money Laundering) processes. These are two key elements in the entire tokenization process. The first one is a legal procedure, obliging legal entities (in this case you) to identify their customers and obtain true and accurate information required to receive funds interested in your business. The second one means taking action to verify the origin of the funds received. It is important that the investor platform you plan to use is integrated with KYC and AML service providers. This is the case with solutions offered by Nextrope.

Your needs and expectations

Discuss with your team of specialists what range of services you need. At Nextrope, you can expect not only technological support, but also consultations and preparation of the strategy of the tokenization process. Your platform will be fully personalized for your needs and requirements in relation to the tokenization itself. You will receive a fully customized landing page and an extensive, personalized administrator panel. You will have access to all the statistics, data and KYC verification at your fingertips, in the most intuitive place.

Project's White Paper

Create a fully comprehensive White Paper of your project, based on the advice of the experts' team. Remember to describe the developed token economics in detail. If several dozen pages of the document is a challenge for you, the Nextrope business team is ready to take part in the process of writing the White Paper and help you describe all the most important features of the project.

Marketing Campaign

Once the technical part is ready, develop and start a marketing campaign. Take care of a responsible approach to marketing. Pay attention to the appropriate commission system designed for your customers. Create a loyalty system, withdrawing bonuses to users on the amount paid. Build, motivate and manage your community. Make sure that information about your issue is available on all ICO/STO/ETO listing sites. Participate in industry conferences and focus on publishing your own content and producing industry reports. Showcase the human side of the blockchain-based business by organizing live and video conferences in social media and collaborating with industry influencers.

Further development

Usually, after the issue of your tokens is completed, the monitoring by the team providing technological solutions will end. Do not let this happen to you. Take care of the further development and long term development of your product as well as contact with the community - to continue to expand your business capabilities and resources. Good luck! is a software house focused on FinTech solutions market. Our team has already conducted over 10 tokenization processes, both in Poland and abroad. We are happy to help your company with tokenization using blockchain technology. Click here and tell us more about your project.

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What is Account Abstraction?


10 Nov 2023
What is Account Abstraction?

Account abstraction is a new way of thinking about how users interact with blockchains. Instead of using traditional externally owned accounts (EOAs), account abstraction allows users to create and manage their accounts using smart contracts. This has a number of potential benefits, including improved security, enhanced privacy, and increased flexibility.

What is account abstraction?

Account abstraction is a concept that, at its core, aims to simplify the user's interaction with blockchain networks. It is a transformative approach that seeks to mask the technicalities of blockchain operations from end-users. It is making transactions as straightforward as sending an email. Account Abstr. allows users to interact with the blockchain without worrying about the underlying technical details.

How does account abstraction differ from the traditional model?

In the traditional account model, each user has an EOA. EOAs are controlled by private keys, which must be kept secret in order to protect the user's funds. Acc. abstraction allows users to create and manage their accounts using smart contracts.

Historical Context

The journey towards acc. abstraction began with the first generation of blockchain technologies, characterized by their "one-size-fits-all" approach to account management. Bitcoin, for instance, introduced the concept of accounts and transactions in a form that was accessible to tech-savvy individuals but remained perplexing to the layperson. Ethereum expanded on this by introducing smart contracts, which opened the door to programmable transactions but did not alter the fundamental account structure. The idea of acc. abstraction has been discussed in the Ethereum community for several years as a part of various Ethereum Improvement Proposals (EIPs), particularly as a feature to be potentially implemented in Ethereum 2.0. It is a direct response to the need for a more versatile and user-centric design that can cater to a broader audience and spur the widespread adoption of blockchain technology.

The Technicalities of Account Abstraction

Account abstraction is not merely a theoretical construct but a technical innovation with specific mechanisms underpinning its operation. In essence, it alters the way transactions are initiated and executed within a blockchain network.

How Account Abstraction Works

Under traditional blockchain models, initiating a transaction involves an externally owned account (EOA) signing a transaction with a private key. This transaction is then broadcast to the network for validation and inclusion in the blockchain. Account abstraction, however, replaces this process with a more flexible one. Here, every account is a smart contract, and transactions are messages sent through these contracts. These smart contracts can encode complex rules for transaction validation, beyond what EOAs can do, such as multi-signature requirements or conditional transactions based on certain triggers.

The technical crux of account abstraction lies in the smart contract’s ability to define its own conditions for transaction execution. This means that user accounts can have unique security protocols or automated operations without the user needing to understand the underlying smart contract code.

Hey! Are you interested in the latest technologies in the blockchain area? be sure to read the article 'Top Zero-Knowledge Proof Projects to watch in 2023'

The Benefits of Account Abstraction

The implications of account abstraction are profound, offering a range of benefits that can enhance the blockchain experience for users and developers alike.

Improved User Experience

One of the most significant advantages of account abstraction is the improvement it brings to user experience. By abstracting away the complexities of key management and transaction rules, it presents a more intuitive interface for users.

Enhanced Security Features

Account abstraction also allows for the implementation of advanced security measures. Since each account can define its own logic, users can tailor their security settings to their specific needs. For instance, one might set up an account that requires additional verification for transactions exceeding a certain value or restricts withdrawals to certain addresses.

Future Implications

The future implications of account abstraction are vast. As the technology matures, it could become a standard feature of blockchain networks, potentially making the current distinction between user accounts and smart contracts obsolete. This could lead to a new wave of blockchain applications that are both powerful and accessible, bringing us closer to the vision of blockchain technology as a seamless part of everyday life.

Challenges and Considerations

Technical Limitations

One of the primary technical challenges of Acc. abstraction lies in its integration with existing blockchain protocols. Current networks are optimized for the EOA model, and introducing a new account structure necessitates significant changes to the core protocol. This includes modifications to the way transactions are propagated in the network, how gas fees are calculated, and how the state of the blockchain is managed. Ensuring that these changes do not compromise the network's performance or security requires careful planning and extensive testing.

Compatibility with Current Systems

Another consideration is the compatibility of account abstr. with the vast ecosystem of existing blockchain applications and services. Wallets, exchanges, and other services have been built around the traditional account model. Transitioning to an acc. abstraction model will require these services to update their infrastructure, which may be a complex and resource-intensive process. Furthermore, there is a need for standardization across the industry to ensure that different implementations of account abstr. can work seamlessly together.


Acc. abstraction represents a significant leap forward in the quest for a more user-friendly blockchain experience. By streamlining the transaction process and offering enhanced security features, acc abstraction has the potential to make blockchain technology more accessible to a broader audience. However, the path to widespread adoption is not without its obstacles. Technical challenges and compatibility issues must be carefully navigated to integrate it into the existing blockchain landscape.

Key Takeaways

How to Add Gnosis Chain to MetaMask: A Simple Tutorial


03 Nov 2023
How to Add Gnosis Chain to MetaMask: A Simple Tutorial

As the cryptocurrency ecosystem expands, there is an increasing need for various blockchains with distinct capabilities. Gnosis Chain enters the scene, offering a selection of unique characteristics. By integrating Gnosis Chain with MetaMask, users can access a more comprehensive array of decentralized services. We will walk you through the steps to add Gnosis Chain to your MetaMask wallet in this tutorial.


Setting up MetaMask

Before exploring the integration of Gnosis Chain, it is crucial to have MetaMask installed and operational:

  • Download and Install: If you have not done so already, visit the official website to download and install the MetaMask browser extension.
  • Setup Account: After completing the installation, create your account and make sure to remember the provided seed phrase. This phrase serves as your primary means for account recovery, so keep it secure.
  • Secure Your Account: Protecting your MetaMask account is of utmost importance. Use a robust password and never disclose your seed phrase to anyone.

Gnosis Chain

It is always helpful to have a basic understanding before incorporating any new blockchain into your wallet:

  • Gnosis Chain Overview: Gnosis Chain, a rising star in the blockchain world, brings a range of decentralized solutions to the table, such as prediction markets and decentralized trading platforms.
  • Benefits & Features: Among Gnosis Chain's main selling points are its accelerated transaction speeds and potentially lower fees when compared to congested networks.

Tutorial: How to Add Gnosis Chain to MetaMask

In the top right-hand corner of your browser, you'll find the wallet. If pinned, click on the MetaMask fox icon; if not, click the three dots in the top-right corner. The following screen will appear:

An option to expand the wallet to a new browser page is available by clicking "Expand view:"

This action will launch MetaMask in a new tab:

By clicking on the ‘Ethereum mainnet’ in the top left corner, you can add another network. Click ‘Add Network’

Choose option ‘Add a network manually’

Then, input the information below:

Network Name: Gnosis Chain formerly xDai


ChainID: 100

Symbol: XDAI

Block Explorer URL:

After saving the settings, Gnosis Chain will be added to your network.

The Benefits of Adding Gnosis Chain to MetaMask

With multiple blockchains becoming more common, integrating Gnosis Chain with MetaMask offers numerous advantages:

Expanded Capabilities: Accessing Gnosis Chain through MetaMask opens up a collection of exclusive applications and features inherent to this particular blockchain, which may include unique dapps or cutting-edge financial products.

Diversification: The crypto domain is extensive and constantly growing. By incorporating various chains like Gnosis into MetaMask, you broaden your potential investment opportunities and decentralized application experiences, ensuring no opportunities are missed.

Speed & Cost-Effectiveness: Network congestion and high gas fees on established platforms like Ethereum can discourage many users. Gnosis Chain's architecture has the potential to provide relief through quicker transaction times and more affordable fees.

In summary, as the possibilities within the crypto sphere continue to evolve, tools like MetaMask grant users access to this expanding world. By adding chains like Gnosis, users can stay ahead in this decentralized revolution.


By bridging platforms like Gnosis Chain with accessible tools like MetaMask, individuals not only amplify their engagement with decentralized applications but also fortify their position in this expansive realm. The integration of Gnosis Chain to MetaMask epitomizes the evolution of the crypto landscape – a testament to its ever-growing diversity and potential. As we continue to delve deeper into the decentralized future, tools and integrations like these will undoubtedly play a pivotal role in shaping our digital experiences and opportunities. Whether you're seeking more efficient transactions, diverse dapp interactions, or simply a broader understanding of the crypto ecosystem, this guide's steps open doors to a new horizon.