⚠️ On March 31st 2019, TTC Foundation launched its own blockchain solution, TTC, and rebranded TTC Protocol as Acorn Protocol. This article was announced before the separation. [Read more]
TTC Protocol Welcomes 7.5m New Users to Its Ecosystem
Announcing the dAPP Partnership with 4 major Korean social services
Dear supporters,
TTC Protocol, a decentralized and token incentivized social networking protocol, gained an additional 7.5m users, on top of the 23m users it had, through dAPP partnership.
Not one, not two, not three, but four (4) key vertical social services decided to join the force with TTC Protocol as dAPP partners, bringing a total of 7.5m registered users. Here is a brief description of each partner.
Pikicast
— A key mobile content platform for millennials in South Korea
Pikicast is one of South Korea’s key mobile content platforms, with over 19 million downloads. Every month, millions of millennials visit Pikicast to see the most trendy content in the form of video, text, pictures, and web-toons.
SocDoc
— South Korea’s #1 anonymous mobile community for women.
SocDoc is South Korea’s #1 mobile community for women, where users using anonymous IDs share their daily thoughts on relationships, fashion, or even makeup tips. It is a fast-growing community with 250k registered users, of which 33% visit the service more than 5 days a week. Over 10k posts and 100k comments are shared within the community daily.
Womanstalk
— South Korea’s first and largest fashion-beauty video commerce platform
Womanstalk is South Korea’s first and largest fashion-beauty video commerce platform, with over 1.2m registered users and 210k+ products. It aims to enhance the mobile shopping experience by helping customers discover and share the latest products and trends via short videos. More than 100 video influencers, including celebrities, YouTubers, and its own influencers called “W-Crew”, share their thoughts through product reviews and expertise on fashion, food, and beauty.
Cobak
— South Korea’s #1 mobile community for cryptocurrency enthusiasts
Cobak is South Korea’s #1 mobile cryptocurrency community. Each month, With over 300k cryptocurrency enthusiasts visit Cobak to discuss blockchain-related topics, including the latest blockchain news, trends, and market prices. Cobak also provides a live quiz show as a unique marketing service for blockchain projects.
Brian Cheong, President & Founder of TTC Protocol, said ”the dAPP partnership with the four #1 vertical social services in Korea is only the first step for the mass adoption of Blockchain.” He added that “considering that top Ethereum dAPPs have around 1,000 DAU, we are very excited to see millions of users being migrated onto blockchain. TTC Protocol will lead the mass user adoption movement.”
Why Korea?
We believe that this partnership in Korea is a perfect real-life sandbox environment for us to launch our first local ecosystem for following 3 reasons:
- Quick Tech Adoption: More than half of the entire population of Korea reside within a 100 km radius around Seoul, its capital. Everyone is highly educated (>~70% attend university). It is one of the most-wired countries in the world, with some of the fastest internet connections. Korea has a unique setting where information and trends can spread quicker in comparison to other countries in the world.
- Wide User Coverage: 7.5m users is a significant size by itself, yet it is a lot more impressive, next to the fact that there are only 15m millennials (aged 14–36) in Korea. With this partnership, TTC Protocol will be quickly penetrating into majority of millennials’ lives in Korea, creating an impactful network effect.
- Digital Currency Friendly: It is one of the first countries who began purchasing digital assets with real fiat currency. (A user paid over 25k USD for a digital sword in a very popular MMORPG in early 2000) This trend continued to today: at one point, 40% of white-collar workers owned one or more cryptocurrencies.
By as early as Q1 2019, A significant portion of young Koreans will receive TTC for their contributions on social services, will witness a rapid growth driven by the blockchain token-economy, and will purchase services and goods in their daily lives.
What’s Next?
TTC Protocol recently launched its Testnet “Merapi”, which is going through penetration testing and security testing. In the following months, these four new dAPP partners will be integrated via the TTC SDK to simulate and test the TTC Reward Engine (TReE), before going live to the public on Q1 2019.
TTC Protocol plans to expand its partnership to other regions such as Indonesia, Thailand and Vietnam.
