The Largest Social Media Network in Russia, VKontakte, Plan Own Cryptocurrency.
After Facebook reportedly attempted to introduce its cryptocurrency, it seems like an equal social platform in Russia, VKontakte (VK) might also be launching its crypto soon.
"VKontakte" Dream Big
Cryptocurrency and blockchain are slowly however for sure getting into varied aspects of conventional and digital payments. For example, now we have Bitcoin ATMs in several countries around the world, but in some other countries, everything has just begun.
The most extensive Russian social media network reportedly entered the crypto train according to several local outlets in Moscow. According to the report, the famous social network VKontakte was also nicknamed "Facebook Russia" trying to release virtual coins.
Citing sources, although unconfirmed reports are whether the network will launch cryptocurrency or not, there is speculation about the company considering wallet-based cryptos applications on the platform to start evolution.
Furthermore, speculating that this project was already underway and is currently in the budgeting stage. Also, the platform reportedly can start charging users for time spent on social media.
Gifts for Users
VK is said to launch a reward system for users that will be paid in new "virtual coins". Users will have the opportunity to get tokens after doing a large number of activities on the platform.
In addition, coins will be used to buy sticker packages and virtual prizes or be shared with other users through VK Pay, an electronic payment platform developed by VK.
The plan also involves allowing users to donate new coins to content writers as a way to encourage them to write more or at least thank them. In addition, users can obtain tokens by commenting on each post.
Exposing Cryptocurrency
VK is Russian Facebook, and ranked 16th on Alexa; This platform claims more than 97 million active users on this platform. Also, it confirms the number of interactions and messages totaling billions.
Therefore, like Facebook, if they succeed with existing ideas, many users will be introduced to cryptocurrency.
What makes everything interesting
The idea must have come from Pavel Durov, founder of VK and incidentally also the founder of the Telegram Messaging application. Telegram's goal is to develop a decentralized crypto platform, "TON."
However, due to some differences of opinion with the state government, he sold his share when he was asked to divulge personal data from users who were politically opposed to what he refused. Because of that, Pavel might have just changed his original idea into the present.
However, it is increasingly clear that many social media platforms, as well as chat applications, now want to enter the crypto room. Only trade has been highlighted, and hence there is a possibility that crypto space can develop into primary use even faster than previously thought. Whether the report will be confirmed or not, one thing is certain - the industry is in the right direction.
Source: Bitcoinexchangeguide
