BIT5050 INC.: An Onchain Protocol Raising as a Delaware C-Corp and Why That Structure Matters
BIT5050 INC. is an onchain protocol raising as a Delaware C-Corp: 17+ live chain deployments, flat-fee on-chain revenue, clean post-money SAFE, 83(b) filed, and zero outside dilution — the structure investors understand immediately.
There is a version of Web3 fundraising that most investors understand immediately: a Delaware C-Corp, a clean cap table, a post-money SAFE, and a product that is already generating revenue on-chain. No token complexity. No regulatory ambiguity. No dual-class structures designed to obscure dilution.
BIT5050 INC. is that company.
Onchain Protocol Delaware C-Corp Fundraising: The Structure
BIT5050 INC. is incorporated in Delaware as a C-Corp, set up in April 2026 via Clerky. The cap table carries 8 million founder shares and a 2 million option pool. The 83(b) election is filed. The EIN is active. Mercury banking is established. The company has been founder-funded and bootstrapped for two years of development, with zero outside capital before the first investor conversation.
For an onchain protocol doing a Delaware C-Corp fundraising round, this is the cleanest possible starting point. Zero outside dilution. Zero legacy structure to clean up. An investor coming in through the pre-seed SAFE round enters at a genuinely clean table.
Institutional-Grade Corporate Hygiene
- Delaware C-Corp incorporated April 2026 via Clerky
- 8M founder shares, 2M option pool, 83(b) filed
- EIN active, Mercury banking established
- Founder-funded and bootstrapped — zero outside dilution to date
The BIT5050 Protocol
BIT5050 is a multi-chain 50/50 raffle protocol deployed across 17+ blockchain networks, including Base, Optimism, Arbitrum, Polkadot, TON, Bittensor, Solana, Avalanche, BNB, Sui, and Linea.
The protocol generates flat-fee revenue on every raffle execution across every chain it is deployed on. No token required. Revenue scales with volume. Volume scales with chain expansion and user adoption.
The product serves creators, influencers, live streamers, YouTubers, NFT communities, DAO communities, organizations, and live event operators who want to run transparent, on-chain 50/50 raffles for their audiences, online or in person.
Live Onchain Use Cases
- A live streamer can activate a raffle mid-stream, with every ticket purchase visible on-chain and the winner selected automatically by smart contract
- An event organizer can run a digital raffle at a venue, with participants entering from their phones and the prize distributed instantly
- A brand can sponsor a community raffle across multiple blockchains simultaneously, reaching audiences across every ecosystem where BIT5050 is deployed
Why Delaware C-Corp for an Onchain Protocol
The decision to incorporate as a Delaware C-Corp rather than pursue a token-issuing structure was intentional. It reflects the company's core philosophy: All Product. All Service. No Token.
A Delaware C-Corp structure gives investors clarity. The equity mechanics are standard and well-understood. There is no regulatory risk from a token issuance that could complicate the equity story down the line. There is no need to model token economics alongside business fundamentals.
For VCs, angels, and funds evaluating onchain protocol fundraising opportunities in 2026, a Delaware C-Corp with a clean SAFE and a live product on 17 chains is a rare combination. Most onchain protocols either have messy equity structures or no equity structure at all.
BIT5050 has the structure, the product, and the track record of founder execution that makes this round worth paying attention to.
All Product. All Service. No Token.