Crypto Current Affairs—Startup 'CakeCodes' Plans Hybrid ICO Token Sale at Bittrex + Steemit On FOX Business!
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!
Hey @firepower
Good post, thanks for the news digest.
I think Bitcoin is already kind of mainstream, what I find interesting is the massive adoption of applied cryptobusiness like Steemit itself and the role on mainstream non-tech users. I find myself as proof how this is reaching more and more "normal" people. Im proud to say I have a hostel in Brazil that accepts Bitcoin, Steems and Ethereum for example, and my guests are discoverying this cryptocurrencies just from staying here, I am a sort of evangelist for the common people haha. Thanks again.
IF you want, check my blog >>>
First Bitcoin Hostel in Brazil!!!
https://steemit.com/steemit/@albertogm/how-steemit-revolutionized-our-business-first-hostel-to-accept-cryptocurrencies-in-brazil
Cheers!
Generally I dont like any link plugs which arent relevant to the content I post but this was a good share so thanks for the same. Cheers! :)
Excellent post :)
Definitely, Steemit will become a big thing...its called the tipping point...once we cross the 2 million mark - its all exponential from there on.
I write ICO Review Series, I might consider this for next article in this series.
Bringing advertisement on to Steemit is the next logical thing to generate outside income to increase the value of Steem/SBD.
Thank you for sharing!
Oh! I strongly disagree! I love steemit because it has no ads. Please keep it that way.
If we want to attract new users, we need a faster more beautiful system with more features.
Fantastic! I'll take a look at the series! :)
waaaooo It's good that Steemit is securing every day. excellent post my friend.
thats awesome he mentioned Steemit! I predict it will happen in 1-2 years on a massive level, leading up to it will be gradual. I am still new to the community though :) Thank you for this.
Yeah it sure was awesome! :) Great to see you stop by!
Such an awesome era to live with exciting times. Everyone should be proud of this new age.
I think it will get mainstream popularity earlier than that dear @firepower! I bet maximum 1 year time and Steemit will conquer quite a big portion of the market!
We need to keep pushing on advertising it! Each single efforts counts!
Cheers
@progressivechef
I hope so too!
This is good, Steemit getting talked about in a talk show it is good for the community. I have been using Bitmaker app since a year and it is great. I made my first Bit by using and referring the app to my friends.
That's great to know! Always good to get feedback like this! Im sure anyone reading this will be interested in trying the app.
Nice find! I hope you are right. The general population doesn't know a darn thing about crypto and rightfully so. It's not an easy thing to understand. Then again, neither are ACH or bank transfers when we start looking at the tech behind it. Crypto enthusiasts need to recognize that we are the 1% that have been exposed let's get the other 99% on board.
Thanks! I think the awareness will improve in time.
I do too. With the world adopting new technologies quicker than ever we could see some serious growth in 5-10 years.
Nice Catch, that was a AWESOME Plug for Steemit !