People all over the world dream of becoming entrepreneurs and starting their own businesses. Unfortunately, most of them have to face the same issue: they don’t have enough capital that would allow them to realize their entrepreneurial ideas. TripleOne, a recently-founded company with a decentralized structure, is about to change this.
James William Awad is a respected Canadian entrepreneur and the founder of TripleOne, the world’s first decentralized company that was founded without the help of investors or bank loans. As a business with a decentralized structure, TripleOne places the decision-making power in the hands of all its users. There are no investors, stockholders, or board of directors. Decentralized companies function by dividing all tasks and activities equally among their employees or, in TripleOne’s case, users.
TripleOne is currently the only company that allows its users to realize their entrepreneurial ideas without investing any money. The company is fully self-sustainable, and it doesn’t rely on external funds and governmental subsidies. TripleOne has 19 firms under its name, and as Awad pointed out multiple times on his Instagram (@senior), TripleOne invests in itself. All of the funding for new projects and users’ salaries comes from TripleOne’s revenue from previous successful ventures or the founder himself.
Since no business has access to unlimited funds, including TripleOne, Awad devised a system to prevent the company from losing money.
To secure enough money for each project, TripleOne organizes an investment session on the first day of each month. A percentage of TripleOne’s cash balance is set aside and assigned to a particular portfolio or project during this meeting. The funding for projects is always secured from the company’s budget, and no institutions or individuals are allowed to invest in TripleOne’s projects.
Each month, TripleOne users are allowed to vote for and pick out exciting projects, ranging from investment to food and fitness, since the company doesn’t have to compromise with shareholders or a board of directors. Sometimes, investors may have motivations that clash with those of the company, resulting in tension and more complicated decision-making. At TripleOne, all ideas that users suggest can be realized as long as they have potential.
As a debt-free business, TripleOne has a great degree of financial freedom and flexibility that brings joy and fulfillment to the users. The company is able to utilize a unique system that allows each TripleOne user to be in charge of their working hours and salary.
A user can put in as many hours of work as they desire, and they are given virtually unlimited earning potential. Each user gets to determine their working hours; they can work from nine to five every day or only two days a week.
TripleOne doesn’t pay users fixed salaries. Instead, the earnings are based on a proprietary system that calculates and designates rewards to users based on their participation level. Each user earns TripleOne Segments after registering and joining the company. All TripleOne users are allowed to suggest projects, vote for other users’ ideas, and complete tasks. Every action on the platform is rewarded with TripleOne Points that are translated into actual money at the end of each month.
Even though the concept of decentralized businesses is relatively new and untested, TripleOne has already managed to make a real difference by supporting aspiring entrepreneurs and their innovative ideas. All TripleOne users will be given an opportunity to realize their business plans as long as they demonstrate potential.
What are the requirements to join TripleOne? There are almost none. All users who want to become a part of TripleOne only have to visit the company’s website and sign up. When creating an account, all users are required to provide their email address and verify their phone number. A verified phone number allows the user to access almost all of TripleOne’s website’s features (subject to local regulation). Some functions may require the users to verify their account by uploading a photo of a government-issued identification document.
TripleOne is already reshaping the future of business and bringing more flexibility to work. The company has attracted top talent, and the company is continuously growing. Anyone can become a part of this team, regardless of their age, location, or previous work experience. TripleOne is one of the few companies (if not the only one) that promotes a dynamic environment and values productivity, intellect, and passion over all else. TripleOne demonstrates to the world that the possibilities are endless and paves the road for a more efficient way of doing business.
Are you interested in joining the world’s first decentralized company? Make sure to sign up at TripleOne’s official website. Also, don’t forget to follow @tripleone on Instagram to stay up to date with the company’s recent news and achievements.