Blockster, the Future of Social Networking in the Crypto Market
As, back in 2017, Facebook and Google – the world’s biggest advertising platforms – announced a blanket ban on crypto advertising, major crypto companies were left with little to no ways of reaching their target audience. In order to connect with their communities, these companies took to Medium, Twitter, and Reddit. Even though most of them still rely on these platforms, the data there is scattered, which makes it challenging to efficiently navigate it.
From the crypto enthusiasts’ point of view, up until recently, there’s been a lack of a single, reliable source of information. One had to rely on platforms like CoinMarketCap or CoinGecko to track the performance of their favorite projects, go to Reddit to discuss them, get the latest industry updates on Medium and Twitter, or watch influencers reviews on YouTube. So we were left with a disintegrated social landscape for an emerging market, which made it difficult for traders and creators to communicate, assess the information, or monetize their content – and this is exactly where Blockster comes in to fill the gap.
A Thriving Community For the Rising Market
According to the project’s whitepaper, the word ‘blockster’ stands for a crypto-centric or a business using the Blockster platform to connect, create, earn and learn. It perfectly sums up the platform’s mission: to connect all the blocksters of the world: crypto enthusiasts, content creators, entrepreneurs, and investors, so they can get the latest industry news, share their ideas and content, collaborate, keep a track of all their crypto investments in a single techy and trendy space.
Blockster is a multi-purpose platform built to connect and empower the ever-growing crypto industry. It has its own social network, discussion groups, industry-grade crypto tracking sub-platform and many more features to be added soon. At the time of this writing, the platform already has a waitlist of over 414,000 eager users and over 150 partners, including such prominent projects as Chainlink, Enjin, Zilliqa, and NEWSBTC.
With new partners joining literally every day, Blockster plans to incorporate all major crypto projects in the upcoming months. As this happens, it will imminently become a one-stop-shop for all things crypto; the go-to platform for anyone who wants to learn, invest or earn money within the space.
Embracing the Latest Trends
Sharing the same vibe with the young and fluid crypto space, Blockster is evolving together with it, as it keeps adding new features which are most in-demand across the community. In Q4 2021, it plans to roll out a digital wallet, a mobile app, and release a self-serve advertising system.
BXR, At The Heart of the Ecosystem
The vibrant Blockster ecosystem is powered by the BXR token that is uniquely positioned to increase in value with time. As the Blockster community grows, it is bound to become a stable cryptocurrency backed by millions of loyal users.
BXR will be the only currency used to pay for advertising on Blockster. The platform plans to start testing the advertisement platform at the end of this year and accept payment for ads starting Q1 2022. By the end of the first quarter, Blockster expects to have over 450 partners placing their ads on the platform.
Through ads, the platform will offer an excellent growth point for businesses, providing them with a space to get more exposure and connect directly with their target audience. Blockster in turn will redistribute 20% of all of its ad revenue to its community of stakers. Every month, 5% of BXR collected as ad revenue also is burned, ensuring the appreciation of its value.
Blockster is the networking platform for cryptocurrency professionals, investors, traders and enthusiasts. Essentially, it is a marketing tool for crypto-centric businesses and individuals. Not only does the platform allow users to network and market themselves within the platform, but it also provides the latest industry news, coin tracking for the entire cryptocurrency market, as well as, a real-time messaging application for P2P and group chatting.
Blockster Holdings is a parent company of Blockster. The initial seed investors, based in the UK and UAE, invested $1.9 million in 2020, valuing the company at $25 million.