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What is a DApp?

DApp is basically short for decentralized application — an application running on a decentralized peer-to-peer network more commonly known now as blockchain. Relatively, about 85% of existing DApps are running on the Ethereum blockchain. Compared to traditional mobile and web applications, DApps are executed on thousands of devices across the world instead of being executed on a single centralized set of nodes from the developer. This also means that DApps are virtually immortal and are here to stay as long as the blockchain network is up and running.

In this guide, my goal is to help you immerse on a DApp by setting up your account on CoinMirror and by prepping you up on a quick start to either lead your own investment SmartFunds or co-invest with the leading public SmartFunds available on the platform. But first, what is CoinMirror anyway?

In a nutshell, CoinMirror is a platform that enables average investors to mirror the moves of experienced ICO investors. In this way, one can “piggyback” on the expertise of an ICO investor without the need to perform extensive Due Diligence research or code reviews.

Before we start, let’s break down some of the technical jargon used in this guide:

SmartFunds — Investment syndicates that allow people to pool their funds into an alliance managed by a SmartFund lead.

SmartFund Lead — The investment lead who manages the pooled capital raised by SmartFund backers. The SmartFund Lead has the directive of implementing his ICO investment strategy within his own alliance of SmartFund backers.

SmartFund Backers — Investors in a pooled ICO investment syndicate.

ICO — Abbreviation for Initial Coin Offering. A means to raise funds for a new cryptocurrency venture through early backers of a project.

All set? Awesome!