Image: CredoEx Dashboard, BitBounce
BitBounce[1], a blockchain-based email spam solution, is launching a new cryptocurrency exchange platform called CredoEx for token holders to exchange their Credo[2]. CredoEx[3] will begin with Credo to Ether pairing but additional cryptocurrencies and national currencies will be added in the future based on demand, the company said.
Image: CredoEx Laptop Wallet, BitBounce
The San Francisco-based startup raised more than US$11 million through an initial coin offering (ICO) in September 2017 with prominent venture capitalist Tim Draper reportedly purchasing[4] 10% of all tokens in the ICO. Prior to the ICO, Draper has made multiple investments into the startup.
The Credo token, which powers the BitBounce platform, is currently listed on two trading platforms, according[5] to CoinMarketCap.com: Tidex and OTCBTC. By launching its very own exchange, BitBounce will no longer have to bear the exorbitant fees cryptocurrency trading platforms often charge startups to get their token listed.
According[6] to a report released earlier this month by Autonomous Research, cryptocurrency trading platforms are charging anything between “US$1 million for a reasonably regarded token, to US$3 million for an opportunity to get quick liquidity.”
Developed by husband and wife team Steward Dennis and Alexis Roizen-Dennis, BitBounce is a platform that aims to put an end to spam emails. The service allows users to charge people they don’t know a fee to deliver emails. For users, this means a curated inbox of only emails from people they know, and emails that they are paid to receive.
It is similar to what Earn.com[7] is offering customers. Formerly known as 21 Inc.[8], Earn.com allows users to earn bitcoin for answering
