You are already cryptocurrency user, who has been working hard on the TOEIC app.
Cryptocurrency Ecosystems is in everywhere in and out of the world
Coin compensation, if you provide study data such as Santa TOEIC, improvement of grades, and problem solving. Payment of application fees or self-market products
Syrup Table, providing tokens when user write reviews
cooking app ‘foodiest’ and singing room app ‘something’ leaded customer participation with cryptocurrency for collecting data for service acceleration.
#. The 26-year-old office worker, installed an application called Santa TOEIC on his smartphone in January to study TOEIC. He is recommended to install “bitberry” app (cryptocurrency wallet), saying by Santa TOEIC for providing points. He installed the app and realized that he has cryptocurrency so he tried to find ways to use cryptocurrency. Then he became interested in blockchain technology.
#. A 20-year-old college student, installed restaurant app ‘syrup table’ for searching tasty restaurant near him. Usually he wrote reviews on mobile, he is received ‘soda token’ when he writes restaurant reviews. He doesn’t know the used place yet but it makes him feel good because he got compensation by just writing reviews. And he feels new technology is more familiar that get cryptocurrency by using high technology blockchain.
According to related industries on 20th, blockchain and cryptocurrency have rapidly become popular, the general consumers are exposed to various types of cryptocurrency in their lives, even if they don’t know the name of a difficult technology that called blockchain.
According to industry analysts, services that currently have hundreds of thousands of users are applying blockchain technology to services for various purposes, such as reducing payment fees, increasing user loyalty, and securing quality data. From the user’s perspective, the service’s cryptocurrency compensation system has the advantage of being paid for providing data. This is why consumers are quickly becoming familiar with cryptocurrency.
■ “When I found a tasty restaurant, I got a reward for cryptocurrency”
Santa TOEIC is an artificial intelligence-based TOEIC app service that was launched in 2017. Considering AI’s characteristics that become more advanced as data is accumulated, it issued Santa TOEIC Coin (STOEIC) early this year and established blockchain-based compensation platform that encourages users to input learning data.
Users can provide their own learning data and be compensated for the Santa TOEIC Coin. They include compensation for contributions to activities such as bruiting and invite friends, and compensation for learning contributions such as solving problems and get higher scores. With the Santa TOEIC coin, you can pay for the TOEIC test and the cost of the mock test, and purchase the product directly from the Santa TOEIC market. From the perspective of Santa TOEIC, learning data from more users can be accumulated through the cryptocurrency compensation system, which can have the effect of upgrading the Santa TOEIC platform and AI. Santa TOEIC Coin is set to be listed on the cryptocurrency exchange in the second half of this year.
Syrup Table, which has 18 million users, also switched its business direction to blockchain service early on. In February, the syrup table operator MonsterCube transformed itself into the “Soda Platform’s №1 Blockchain service,” a blockchain project. It aims to improve the quality of data by establishing cryptocurrency-based compensation economy in the O2O market, which has become busy only because of its size, and to optimize the matching between consumers and suppliers. To this end, MonsterCube has introduced its own cryptocurrency called SODAT (Sodat) to its syrup tables.
■ Blockchain to singing room and cooking app
Foodiest, a cooking app with 3.3 million members, is currently developing a hintchain project based on blockchain. It is opposed to the existing centralized platform monopolizing user data, and aims to improve the quality of the recommended service by more accurately identifying customers’ tastes and tastes information.
Something, one of the first generation blockchain project of icon in Korea, is also a singing room app that already has 50,000 users in 109 countries. Regarding the introduction of blockchain at the “icon DApp Meetup” held last month, CEO Kim Hee-bae also said, “Considering realistic aspects such as music usage fees, copyrights, and promotional costs, we have no choice but to pay for the blockchain, which can be compensated through cryptocurrency to prevent customers from leaving the app.”
“In case of blockchain services that are already facing the real economy, there is a higher chance of success than other blockchain projects that have to be started from the beginning. Various industry that preexisted will try to graft blockchain.” said a representative for an industry.
