The world of virtual reality is coming of age quickly especially with the advent of robust internet connections. From the likes of Facebook and Instagram profiles, it almost seems as if you cannot exist without a digital virtual presence. One company by the name of IMVU is taking this concept to a whole new level with a platform that allows you to do more than just chart.
Already, there are over 4 million people visiting IMVU to spend about 55 minutes building their virtual profiles, charting with other platform users and shopping or doing other activities that you would normally do in the real world. In fact, there are about 50,000 people on IMVU earning a living on the avatar-based social network giant platform.
Given that users on IMVU generate over 15 million transactions, spending billions using IMVU’s native credits, a move by Kik ( the company backing Kin Coin) will enable Kin coin’s integration into the IMVU system whereby users will be able to earn cryptocurrencies and exchange for fiat currency on the platform.
More about IMVU
IMVU boasts of millions of users on its platform with about 40 percent coming from the US and 60 percent from the UK, France, Brazil, and Canada. The platform was rated top most visited app by teens in 2017 according to comScore. Users on the platforms can create and sell their own digital goods or interact with other platforms users while building up meaningful relationships. Compared to Facebook, Twitter, Snap chat and YouTube, IMVU targets a young audience who spend more time on its platform than any of the major social media platforms.
The partnership between IMVU and Kik (the messenger service) will enable the integration of the Kin coin into the IMVU ecosystem. Basically, users will be able to earn Kin tokens and do more on IMVU as well as on Kin’s marketplace. To make it even more exciting, the audiences of both Kik and IMVU are strategically aligned and highly complementary to one another considering the fact that more than half of IMVU users are also Kik users.
How the platform is set to work
IMVU and Kik have set up a partner experience with companies like Blackhawk network to give platforms users access to services like Xbox live, Unity and Netflix. To get started on the platform, however, there are a couple of requirements. After users have activated their Kin wallet, they will be able to earn Kin tokens to later spend on a variety of offers. This partnership presents an opportunity for mass adoption of the Kin cryptocurrency since the IMVU platform inculcates a number of incentives that users will have access to on registration. Furthermore, users will also be allowed to participate in polls and other content programs that reward creators on the platform.
The partnership with IMVU and Kik is set to be a game changer not only in the crypto space but in the social media industry as well. These two platforms are set apart by the fact that they allow creators to make a living from their content while also facilitating meaningful friendships and bonding opportunities for users. By adding Kin to the platform, IMVU and Kik users will manage to build thriving virtual communities that will develop a sharing culture.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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