Data is a big deal, but now MyTime is entering the cryptocurrency space. What is it and how does it work?
The attention grabbing is no longer left to just Facebook and Twitter, but now it’s sharing the fight with MyTime.
MyTime isn’t a social network, but it is what you might call a social platform for cryptocurrency. It is unique, and it ranks up there with Ethereum.
The functionality of this platform is unlike any other, focusing on preferences and of course behavior. It is now all about paying for your time and attention.
Can you imagine getting paid for your time and your utmost attention? The concept is here, and it is brought to you by MyTime.
Today, this article will give you the basics and foundation for how this company has entered the cryptocurrency space and what will help it get staying power.
How the Cryptocurrency Space is Becoming More Social
Like it or not, the one thing that was helping users feel liberated is now becoming social. MyTime, an open blockchain-based platform will help you convert your time into cryptocurrency.
Prior to this, something similar was rolled out. The creator of Brave Browser, Brendan Eich created what is known as the Basic Attention Token (BAT).
This was designed to take how users reacted to content into cryptocurrency. A blogging platform known as Steemit, rolled out their protocol which allowed organizations to use cryptocurrency to generate revenue.
Everyone loves reward systems, especially as it pertains to shopping. The key here is understanding that it is linked to the cryptocurrency space.
Users can now spend cryptocurrency how they wish, and all the while, it saves the company on their marketing costs.
In theory, it sounds like a great idea, but can it work?
The MyTime is just a platform, so keep in mind that this is not a blogging platform. This is all about the exchange of cryptocurrency for goods or services.
Here is a better way of explaining it. Do you hate ads? If you can recall a time when you were online, and you had pop-up ads you most likely hated those pesky rotating ads.
Content sites, like news sites could pay you to use their content. This is the game changer. Users have referred to this concept as “revolutionary”.
This will change the way advertising is presented forever.
Marketing changed the word advertising, but now it’s easy to see just how quickly advertising can be changed yet again with its presence in the cryptocurrency space.
Here is another good example. Video games and the stores that promoted them like Game Stop have changed how families purchases these items.
Companies will now rewards buyers with cryptocurrency to purchase their games and try them out. Those who want to take a taxi that uses MyTime will be rewarded for using that taxi.
This system is truly ideal, and its a great way to raise the awareness and curiosity of cryptocurrency and how it works.
The launch of MyTime will forever change how the “cryptocurrency space” is being used and how it is impacting the entire globe.