CoinLinked, a social network and marketing platform founded by Wall Street veteran Jenny Q. Ta, was launched on May 7.
The platform will feature a utility token that rewards users for activity on the platform and can also be redeemed for discounts in the CoinLinked marketplace.
Speaking to Cointelegraph, Ta described CoinLinked as the „first blockchain-based social network and crypto-currency trading platform,“ comparing it to a hybrid decentralized/centralized merger of Twitter, Instagram and Amazon.
„With global e-commerce expanding steadily each year and sales projections indicating that the multi-billion dollar industry will reach new peaks by 2021, there is a clear need for a more fluid and less burdensome method of exchanging crypto currencies for tangible goods,“ he said.
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CoinLinked launches value token and ERC-20
CoinLinked has designed two native tokens: a value token for speculators looking to invest in the platform and an ERC-20 utility that will perform multiple functions on the CoinLinked platform called
- to stay online 24/7
- a database of public company data
- wrote at the time
- looking to consumers
- ceo and founder died last month
CoinLinked Coin or CLC.
CoinLinked users will be rewarded with CLCs in exchange for producing content on the platform, including uploading images or videos, sharing links, or interacting with existing publications.
Ta told Cointelegraph that „the CLC token is strictly for the platform,“ noting that „in the near future users … can exchange the CLC … for discounts within the platform“ or „in other stable currencies such as Tether. It also suggested that the token may be interchangeable by Ether (ETH) in the future, depending on regulatory approval.
Ta added that CoinLinked’s value token will soon be interchangeable at major value token exchanges such as OpenFinance.
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CoinLinked fights for resistance to censorship
Ta emphasized his desire to maintain a high level of resistance to censorship throughout the platform, stating that CoinLinked will allow any content that is not of an illegal nature as part of its commitment to freedom of expression.
Initially, CoinLinked will manually process any flagged content to determine if it violates U.S. law, and all content deemed legal will remain on the platform.
In addition to illegal content, Ta highlighted the platform’s commitment to fighting false news. its customers for $15 million.