News by Altcoin Buzz: Project Review Team
With a complete and fully functional product release, BLABBER is announcing how they will dramatically change today’s social media landscape by turning users into entrepreneurs who are paid for consuming advertising on their platform.
BLABBER will be launching an IEO today the 21st of June on IDAX at 10am UTC!
Today, a $98 billion industry (2019 worldwide) generates profits off of users’ data without their explicit consent and also incurs frequent security breaches of users’ data. Criticism for these issues has gained worldwide attention. Users are annoyed when ads interrupt their intended activities on smartphones and other communication devices. Targeting and re targeting of user activities on web sites generates more unwanted activity in an ever-escalating process. In this construct, users are forced to accept legacy social networks that allow little flexibility to adapt to a user’s particular requirements.
Blockchain technology offers BLABBER a solution to these problems and makes it possible to pay users instantaneously for any contributions made while being active on the platform, whilst allowing Advertisers to embrace this radically different approach and provide privacy and security to users data.
The BLA Token is the required vehicle to reward and incentivize users. Users can ‘stake’ BLA Tokens and mine them through social activity. The amount of BLA Tokens held will influence the rewards provided for activities.
The BLA Token will issue at $0.02 and trade initially on IDAX, later on other exchanges. Users can earn BLA Tokens for providing data to advertisers, sell mined tokens in the market, purchase products via the marketplace, or create community campaigns.
- Earn BLA Tokens through ‘Social Mining’, consumption of Advertising and social activities
- Establish location based or group-based channels for specific communication needs
- Create private channels for ‘Members only’ content
- Offer products or services in defined marketplaces using cryptocurrency or FIAT transactions
- Maintain custom wallet for redeemable actions
- Participate in BLABBER’s Marketplace
- Advertising Campaigns
The IEO will begin today June 21st 2019 10am UTC. The total supply is 40m BLA and the hard cap is $800k. The price will initially be $0.02 USD. The initial circulating supply represents 6% of BLA Tokens.
Below is the breakdown of the token distribution for BLA:
|35 %||Social Mining||Allocation that Users can mine through social activity.|
|7,75 %||Token Distribution||Distribution takes place in one private round and one public round.|
|3 %||Advisors||Reserved for remuneration of advisors.|
|15 %||Team||Reserved for remuneration of the team.|
|5 %||Brand Ambassadors||Reserved for remuneration of brand ambassadors.|
|9,25 %||Reserve||Covering any additional cost to secure the company’s liquidity.|
|25 %||Marketing||Used for the future growth of the platform.|
You Can read our full overview of BLABBER here.
Learn More and Download the App!
For reference please contact: Michael Gaida, email@example.com
BLABBER Explainer Video: https://www.youtube.com/watch?v=zwMLip9DqcI
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