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.
  • Bitcoin (BTC) $7,105.22 (-0.02%)
  • Ethereum (ETH) $142.24 (+0.22%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $206.72 (-0.05%)
  • Litecoin (LTC) $43.44 (-0.64%)
  • Bitcoin (BTC) $7,105.22 (-0.02%)
Dec 14, 2019 (Saturday)
Darknet marketplace Hydra launching an ICO on Dec.16 to fund its global expansion
Dec 13, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: BCH/USD edges above 5-DMA, near-term upside likely on break above 20-DMA (211.74)
Terra launches stablecoin-powered payments service in Mongolia
Crypto Technicals: Ripple (XRP) edges higher from session lows at 0.2154, 'Hammer' at lows raises scope for minor gains
Korean cybersecurity firm partners with R3 for digital asset management and MPC technology
SEC charges Shopin’ founder with orchestrating ICO fraud; Accused deactivates social media, Telegram account
Crypto exchange Kraken looking for operations director to helm ‘special-purpose depository institution’
Twitter looks to blockchain to decentralize social media
Crypto Technicals: LTC/USD flashes signs of recovery, 'Dragonfly Doji' and 'Bullish Divergence' could support minor upside
ING bank developing custody project for digital assets: Report
Basel Committee on Banking Supervision mulls designing global prudential standard for crypto-assets
Franklin Templeton leads blockchain-based social impact platform’s funding round
Crypto Technicals: BTC/USD breaks above 50H MA, 'Bullish Divergence' could support further gains
TokenSoft submits transfer agent filing to the SEC; Decision to arrive in 30 days
Crypto Technicals: ETH/USD recovery lacks traction, upside capped at 5-DMA
Glencore joins Responsible Sourcing Blockchain Network for tracing cobalt
Grant Thornton releases second report on Cryptopia liquidation; Pulls back nearly $5M from various sources
Chainalysis launches compliance solution for Bitfinex amidst class-action lawsuit
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.