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PR: ASKfm to Tokenize Social Interactions. 215 Million Users Involved

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Rumor confirmed
Leaks have appeared all over the web for the past month or so, but it’s official now. ASKfm announced its blockchain-based upgrade ASKfm 2.0 claiming to monetize knowledge in all of its forms. No wonder such a move form a major player couldn’t fly under the radar.

One giant leap
ASKfm is currently the largest Q&A social network worldwide, hosting 600 million questions monthly. The coming ASKfm 2.0 aims to transform the platform from the knowledge exchange of today into a knowledge economy. The company states that blockchain technology can effectively reshape access to knowledge and its evaluation. They tokenize interactions within the social media, rewarding people whose answers are well-received and demanded. This way, they claim, expertise gains intrinsic value and serves as a centerpiece for the new economy.

The way to sustainability
We reached out to Maksym Tsaryk, CEO at ASKfm. The company has been framing a blockchain solution for quite some time now, and they’re finally presenting it. Max says:
“We are settling our high-loaded blockchain Q&A platform — that’s why we are introducing a new cryptocurrency token not on a whim but out of conceptual necessity, as without it, the product wouldn’t be able to exist. Blockchain opens a path to democratic environments, to self-regulating economic models governed by market laws and mechanisms. We do not see the future for ASKfm, technologies and social networks without blockchain.”

Open for participation
215 million of existing ASKfm users will have the option to switch to ASKfm 2.0, register a wallet, and receive tokens for that. The community, as usual, will also be able to take part in ASKfm’s upcoming ICO event during the year. In total, the social media plans to sell $100,000,000 worth of tokens.

According to the company, its private sale is already ongoing with minimum amounts starting from a million dollars. The dates and terms of the crowdsale are yet to be determined. The broader public can currently only apply for the whitelist. For that, ASKfm launched a dedicated website.

To read more about ASKfm 2.0 and request participation, please visit askfm.io

Contact Email Address
pr@ask.fm
Supporting Link
askfm.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Tags in this story
600 million questions, ASKfm, Maksym Tsaryk, Social Media, social network worldwide, tokenize interactions, users
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