Blockchain based ad-startup CakeCodes has planned to a hybrid method of distribution for their new ICO. The adtech company has announced that it will sell its ERC-20, 'STORM' tokens using traditional Ethereum smart contract as well as the popular crypto-exchange Bittrex.
CakeCodes is an adtech company that rewards it's nearly 1 million mobile user base via its app 'BitMaker' which has over 500K downloads and allows it's users to earn free Bitcoin or Ethereum by playing games and trying apps.
BitMaker is a mobile app granting free Bitcoins to users for trying new games and apps, this drives cost-effective new traffic to app publishers.
STORM is the token for CakeCode's upcoming micro-job marketplace called 'StorMarket.' It will be a decentralized marketplace built on the blockchain.
The ICO and it's corresponding token generation event is commencing on August 15, 2017 with a $5 million minimum threshold and a maximum cap of $50 million.
It will leverage a hybrid mechanism for crowdsale of its tokens where $40 million worth of tokens will be available for purchase via Ethereum smart contract and $10 million worth of tokens will be sold via one of the top cryptocurrency exchanges in the world; Bittrex.
In a related development:
Bittrex Founder and CEO Bill Shihara and Unbank Ventures Founder Brett Noyes have joined CakeCodes Board of Advisors to advance the project.
CakeCodes CEO Simon Yu has said:
StorMarket lets users rate and review each other based on ease of collaboration, quality of work produced, and the overall experience at the time of contract completion. This means companies can gain insight into the skill levels of potential contractors and the highest-performing individuals are duly rewarded.
He expects to use his company's expertise in mobile, digital advertising and blockchain technology to create the micro-job marketplace 'StorMarket.
It will provide a global ecosystem which is decentralized and it's token STORM will help revolutionize the peer-to-peer job market via a user-friendly mobile application which will provide access to various resources and contracts.
The real question is will Bittrex be able to handle the spike in traffic during the ICO? After all $10 million isn't a small amount!
Overall, I think it's great that new startups are coming up with new ways to do their token crowdsale as well as providing solutions to generating employment and making new user adoption of Bitcoin and Ethereum easier.
Steemit Gets a Mention on FOX Business!
American actor, Stephen Baldwin was on Fox Business earlier today and mentioned about Steemit during his interview. He's a popular actor known for his roles in movies such as The Flintstones .
The following clip from YouTube basically features Stephen talking about George Lopez's comments on the US President Trump, and he ultimately goes on to talk about his new show about Bitcoins with popular American broadcaster and filmmaker, Max Keiser and mentions Steemit along with other cryptos.
You can fast forward to the clip to 4:00 minutes to see Stephen mention Steemit. There's not much here but I hope this is just a start of some exciting new things to come.
I hope Max and Stephen will consider featuring Steemit on their new show. If possible please tweet them this link and ask them to talk about Steemit and Steem cryptocurrency on their show. We could do with more celebrities talking about Steemit now more than ever!
Do you think Steemit will get mainstream popularity in the next 2-3 years or will it be sooner than that?
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Let's Talk—The Importance of Doing Absolutely Nothing and Taking a Break!
- Crypto Current Affairs—How To Deal With Cryptocurrency FUD!
- Dummies Guide to Basic Steemit Account Security + Account Recovery Guide! Must Read For Steemit Users!