Crypto advertising revenue app BitMaker has come out of stealth mode, launching its 2.0 version and announcing a crowdsale.
Owned by Seattle-based CakeCodes, BitMaker generates brand awareness by paying customers Bitcoin and Ethereum rewards to try new products and perform other “small tasks” for businesses.
“Traditional advertising methods include pushing unsolicited ads onto people. We wanted to combat this by giving consumers the option to opt in and get paid for their time used on trying a new product,” CEO Simon Yi commented in an accompanying press release on Wednesday.
“With Bitmaker, end-users get paid, businesses only pay upon engagement, and customer acquisition costs are dramatically decreased.”
The project already has a burgeoning active user base of around 250,000 per month, despite officially being in stealth mode since its incarnation back in 2014.
In tandem with the 2.0 release, a crowdsale designed as a “limited round intended to increase user growth” and iOS app development will begin April 30 on the Wefunder platform. In future, additional currencies will be added for payouts beyond Bitcoin and Ethereum, according to the release.
CTO Calvin Hsieh, meanwhile, explained the mechanism for generating revenue on BitMaker is in fact based on gaming rewards long extant in the cryptocurrency market.
“While playing, gamers are rewarded for completing a mission for items like digital swords or in-game gold. We made this experience tangible by tying it to the real world; when a user completes a mission on our app, they receive real money,” he added.
The app is not be confused with Canadian tech skills accelerator Bitmaker.co.
PlexCoin Founder Gets Jail Time, Fine on Contempt Charge
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering.
On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic
'Bitcoin Jesus' is 'really, really concerned' about the future of the digital currency
An early bitcoin investor said Monday the digital currency can run higher, but the hype has far outpaced its usability. "I think in the short run it can run up a lot more," Roger Ver, CEO of
Bitcoin has aspects of a bubble, but it's OK to 'play' with it: Economist Robert Shiller
Bitcoin has "aspects of a bubble" but it's almost impossible to know whether it's gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride
Futures Launch Puts Record Bitcoin Highs Back in Play – Yahoo Finance
Digital currency bitcoin begins trading on major exchange for first time in Chicago WLS-TVBitcoin Futures Started So Hot That Trading Had to Be Halted Twice FortuneBusiness Insider Â âCNNMoney Â â
Understanding Futures: A Primer for Bitcoiners
Lanre Sarumi is the CEO of Level Trading Field, an interactive online platform for professionals in the finance industry.
"Study the past if you would define the future." – Confucius
Bitcoin Price Back Above $17k to Set New All-Time High
The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).
As of press time, the BPI had climbed as high as $17,382.64, beating the $17
People are taking out mortgages to buy bitcoin, says securities regulator
Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday. "We've seen mortgages being taken out to buy
Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch
Two exchange-traded fund (ETF) providers have filed with the U.S. Securities and Exchange Commission (SEC) to create Bitcoin ETF products that trade in cryptocurrency derivatives.
According to the