A new initial exchange offering (IEO) token launch platform achieved liftoff last week, starting with a crypto-industry focused social media platform as its first project.
Created by the three-year-old, zero-fee cryptocurrency exchange Digitex, Blockfunder’s first IEO project is Blockster, a fully featured social media platform targeting a very specific community: Crypto enthusiasts and blockchain “hustlers.”
Blockster — the name being a mash-up of blockchain and hustler — claims to be “a groundbreaking social network built just for crypto” that it believes can become “the kind of home base the crypto community is missing.”
The premise is fairly simple: Start by looking at all the places that crypto’s tech-savvy, entrepreneurial enthusiasts gather online — Twitter and Telegram for conversation, Reddit for debate, Bitcointalk for new projects, Medium to share knowledge, and LinkedIn for jobs and hiring — and then roll them all up into one site that does not suffer from the hostility to crypto content and ads seen on mainstream platforms like Facebook.
That will make Blockster “an immersive investment platform that is content-rich and packed with exciting features,” the company says. It will be a place where crypto enthusiasts can find news and opinion pieces from industry experts and thought leaders, follow trending cryptocurrencies and share information on Blockdesk, the social network’s blog, create business pages and groups, advertise their products, and look for jobs or jobseekers — all while following real-time cryptocurrency market data on Blockwatch or learning about crypto on Blockcademy.
“We believe there’s significant value in providing a one-stop shop for socializing, information gathering and project tracking, with the opportunity to generate token-based rewards,” the company said in Blockster’s whitepaper. “Such a platform also enables creators and advertisers to promote their content to a bigger audience, yet…
