• Wed, 21 Aug 2019, 12:26 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Taringa! announces stablecoin-powered rewards system with MakerDAO and Airtm

Image: Taringa!

Mon, 08 Jul 2019, 12:48 pm UTC

Social networking giant Taringa! has announced a new project in collaboration with MakerDAO and e-wallet provider Airtm to launch a stablecoin-based rewards system.

Headquartered in Buenos Aires, Taringa!, which boasts of a massive 27 million registered user base, provides a platform to create and share online posts on general interest topics such as life hacks, tutorials, recipes, reviews, and art.

According to the press release dated July 07, the pilot program, called “Taringa! Pioneers,” was officially announced at the recently held Blockchain Summit Latam.


The project will involve rewarding platform users with points for creating interesting content. These points could be converted into MakerDAO’s Ethereum blockchain-based stablecoin DAI, Cointelegraph explained.

“Then think about saving them in a platform like Airtm, since this platform gives the advantage of being able to change the DAI to any local currency thus opening an amount of possibilities bringing people a lot of local, regional solutions,” the release said (via online translation).

The participating entities believe that “Blockchain is the path and the perfect tool that will allow them to obtain the decentralization they seek.” Through this project, they aim to give users control over their own money.

Back in 2015, Taringa! had partnered with crypto wallet provider Xapo to roll out a bitcoin-based revenue distribution system for its users.

Meanwhile, Facebook has also been in the limelight for the past couple of weeks for its cryptocurrency project “Libra.” The initiative has drawn attention from global regulatory bodies with policymakers and a consumer group in the U.S. calling for a moratorium on the project until profound questions raised are answered and hearings are conducted to help lawmakers come up with necessary protections to uphold user privacy.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,792.20 (-0.83%)
  • Ethereum (ETH) $196.95 (-2.56%)
  • XRP (XRP) $0.275100 (-2.26%)
  • Bitcoin Cash (BCH) $315.57 (-2.53%)
  • Litecoin (LTC) $75.29 (-2.16%)
  • Bitcoin (BTC) $10,792.20 (-0.83%)
Aug 20, 2019 (Tuesday)
14:02
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:14
HSBC inks agreement to tap Identitii’s blockchain-based information exchange platform ‘Overlay+’
11:59
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:29
Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
10:29
Israeli regulator seeks to expedite licensing procedures for fintech and blockchain firms
10:26
Crypto Technicals: Litecoin treads water below 200-DMA, bias bearish
09:26
bitFlyer teams up with Tpoint Japan to rollout bitcoin rewards program
09:03
Crypto exchange startup INX Limited eyes $129.5M IPO, marking the first SEC-registered security token sale
08:00
New York court denies Bitfinex, Tether's lack of jurisdiction claim
07:16
Crypto Technicals: BTG/USD recovery lacks traction, weakness likely to continue
07:15
Ethereum Foundation launches Korean version of its website, announces large-scale translation program
06:39
Crypto exchange BitMEX to block users in from Seychelles, Hong Kong, Bermuda
06:35
Cybersecurity veteran David Damato joins crypto exchange Gemini
05:42
Deloitte unveils demonstrational platform for blockchain solutions
05:36
Crypto Technicals: ETH/USD consolidates break above 200H SMA, potential 'Golden Cross' raises scope for upside
04:36
Crypto custodian BitGo poaches new Chief Revenue Officer from rival Xapo
03:50
97% of South Korean crypto exchanges on the verge of bankruptcy; blockchain startups now want to go overseas: Report
03:41
Philippines' central bank approves 2 new cryptocurrency exchanges
03:38
Association of Cryptocurrency Enterprises and Startups, Singapore rolls out new Code of Practice
Aug 19, 2019 (Monday)
13:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft