Bitcoin
BTC$19 085.93

0.16%

Ethereum
ETH$1 330.59

0.20%

Tether
USDT$1.000069

0%

USD Coin
USDC$1.000044

0%

Binance Coin
BNB$278.60

-1.43%

XRP
XRP$0.487123

-1.92%

VKontakte Considers Launching Cryptocurrency


04 Apr 2019

VKontakte Considers Launching its Social Cryptocurrency


Apparently, the upper executive management of the most influential social media platforms in the world had been blind towards crypto and the blockchain technology up until Pavel Durov, a highly successful Russian digital entrepreneur, masterminded the hugely prospective ICO of the Telegram Open Network, a blockchain project that centers around a hugely popular instant messenger.

After that, the news concerning the intention of huge social media platform to launch or otherwise use cryptocurrencies started mushrooming up with the likes of Facebook and Twitter trying to jump on the bandwagon.

It was only a matter of time until VKontakte, a Russian social media service that has dominating popularity in the post-Soviet countries, displayed some signs of interest towards the incorporation of digital currency in their line of services.         

A coin for half a billion users


Since its inception in 2006, VKontakte has grown from a startup established by the three aspiring Russian entrepreneurs into a massively influential social media platform that poses serious competition to Facebook within the global community of Russian-speaking users.

By the way, Pavel Durov was one of the founders and the spokesperson of VKontakte until he was ousted from the company for getting involved in a feud with the Federal Security Service of Russia. After that, the ownership rights for the VKontakte (VK) brand was transferred to the Mail.Ru Group, the largest Internet corporation in Russia. 

The hype surrounding VK began with the information leakage from an insider source, who presumably holds high office at the company, which stated that the management of VKontakte is considering the possibility of developing the platform’s own cryptocurrency.

The informer even managed to sneak out the presentation which provided an insight into the general concept of the anticipated cryptocurrency. According to this document, the VK tokens will be credited to users’ accounts for the time spent online. The size of the reward will depend on the overall duration of online sessions as well as on the activity displayed on the platform.

The content creators also have a chance of getting extra coins through donations made by their followers. There might be some provisions for rewarding users for commenting and sharing the interesting content.

The acquired VK coins could be spent on purchasing the intra-platform services, transferred to fellow users or exchanged to other currencies via VK Pay service.  

As expected, the VKontakte officials avoided commenting on any inquiries with regard to the rumored cryptocurrency incorporation.

The official launch of an April Fools’ joke?


A few days ago, the VK Coin application has appeared in the corresponding section of the VK website. It is a mobile app which can be downloaded by scanning the QR code. Once the app is downloaded, the user can begin mining VK Coins using the computation capacities of his smartphone. The obtained token can then be transferred to friends or donated to the favorite VK online communities.

However, judging from the fact that there hasn’t been any official announcement of the launch and that the app was created by the small-time band of coders who call themselves Happy Santa, this ‘launch’ might as well be a hoax.

Author: Alex Paulson. Article for: Crypto-Rating.com

Related

The crypto market has taken a hiatus from the sell-off
The crypto market has taken a hiatus from the sell-off
ETH After the Merge: Fall Instead of Growth
ETH After the Merge: Fall Instead of Growth
Dogecoin becomes second largest PoW cryptocurrency
Dogecoin becomes second largest PoW cryptocurrency
Crypto bears confirmed their strength
Crypto bears confirmed their strength
The crypto market has taken a step up but has not yet fly
The crypto market has taken a step up but has not yet fly
Cryptocurrencies: Main Week of the Calendar
Cryptocurrencies: Main Week of the Calendar
Is Bitcoin heading to $15K? Why are the markets suddenly pulling back?
Is Bitcoin heading to $15K? Why are the markets suddenly pulling back?
Ethereum Merge to swamp other coins with miners
Ethereum Merge to swamp other coins with miners
All Hope for Ethereum
All Hope for Ethereum

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 83.6% 28 $19 085.93 0.16% -4.86% $365 687 826 427 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 56 $1 330.59 0.20% -8.61% $163 019 868 487 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000069 0% 0% $67 959 400 501 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000044 0% 0% $49 716 689 539 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 86.8% 17 $278.60 -1.43% 0.09% $44 948 812 408 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 63.2% 72 $0.487123 -1.92% 25.79% $24 282 482 106 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.000499 0.07% -0.05% $20 527 487 034 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 82.4% 32 $0.459553 -0.29% -5.59% $15 730 121 389 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 81.6% 31 $33.92 0.34% 0.25% $12 029 202 620 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 87.6% 15 $0.062968 -3.83% 2.38% $8 353 974 589 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 74.4% 43 $6.33 -1.59% -9.61% $7 092 680 964 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 92.4% 1 $0.999909 -0.04% 0.03% $6 928 506 678 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 70% 54 $0.760141 -1.47% -8.07% $6 639 314 367 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 77.2% 42 $0.000011 1.62% -3.95% $6 265 382 802 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.