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Introducing MyToken – China’s most popular cryptocurrency ticker App

Tina Dang - Columnist of Spectra Ventures & Advisory



Introducing MyToken - China’s most popular cryptocurrency ticker App
Source: Pixabay

“I had to delete apps like Blockfolio and Coinmarketcap, I’d get insanely little done from refreshing 30x a day.”

Does anyone trade like me – using Blockfolio but at the same time checking the Coinmarketcap, following the “influential” Twitter accounts just with the fear of missing important information? That was me till I downloaded MyToken.

Launched in August last year, MyToken has grown into the most popular cryptocurrency portfolio management app among the Chinese community, with over 400,000 users and more than 150,000 active users on a daily bases. 

I thought in the first place, MyToken is another Blockfolio or Delta. However, my thoughts have changed when I started to use it. MyToken App is actually a one-stop service cryptocurrency management platform different from Blockfolio. 

Expect for the common functions of tracking the price movement of more than 2000 different cryptocurrencies from up to 300 exchanges, MyToken App also provides complex and powerful analytical tools which are including:

  • Candlestick charts, trading volume and deep data for 70 major exchanges;
  • A built-in Wikipedia for every cryptocurrency;
  • Real-time announcements of the main exchanges;
  • A broadcast board of the most-followed Twitter accounts
  • Investment guide for the crypto newbie.

But is that all? When it comes to the actual trading practice, there are some more things to settle: 

“ I have accounts open with almost 10 exchanges. And participating ICO can be more tedious. Projects are listed on different platforms and each recommends a specific wallet.”

I’m glad to find out that MyToken is going to solve my problem with an integrated cryptocurrency investment service, applying blockchain technology and issuing its own token, called MT. 

Aggregate Trading

MyToken will connect with exchanges to enable direct cryptocurrency trading. By providing a unified KYC certification, users could trade on the MyToken App without login to different exchanges. MT will be used for paying the exchange fees.

Oversea ICO Platform 

Oversea ICO Platform will enable investors to directly participate in the global ICO projects through MyToken App. Listing fees will be paid with MT. 

Targeted Advertisement 

Advertisers could obtain targeted audiences and audiences will be able to choose whether to accept the ads. Advertising fee will be paid with MT. Also, MT will be awarded to audiences based on the value of their attention. 

In addition, a Dapp Store for blockchain projects will be released and a UGC system to assure high-quality investment-related content will be built in MyToken App as well. 

How valuable is the MT coin? To answer myself, I took a look at MyToken’s main business models:

Advertising fee 

The advertising value of MyToken at this moment is around $900,000-$1,800,000 on a monthly basis, which will continue to increase as users grow.

Aggregated transaction service fee 

Exchanges are the biggest winners of the cryptocurrency boom. MyToken will monetize traffic by connecting to various exchanges. A fun fact: In the first half of 2017, China’s largest cryptocurrency ticker app profited $6 million revenue in three months by importing traffic to a well-known exchange at that time.

Project issuance service fee 

The ICO fundraising platforms normally charge a 4–8% service fee for each project listing on it. By providing a platform connecting to a wide range of ICO projects, MT token will be used and required for receiving the services.

Aaron Chen from Spectra Ventures & Advisory, the advisory team for MyToken says:

“MyToken App will become an aggregation point for the blockchain investment world, with its high-frequency user behaviour design.” 

Aaron further adds:

Blockchain technology in the next 3–5 years will be a unilateral rising market and MyToken could hit a profit of millions of dollars on a monthly basis. Using the net profits, MyToken will buyback MT token to reduce it by at least 4 billion, which gives a great room for MT value growth.”

MyToken is the first ever cryptocurrency investment tracking platform launching its own token. As I enjoy using the App, I could see MT be one of the long-term investment considerations. 

About Spectra Ventures & Advisory

Spectra Ventures & Advisory is a blockchain and cryptocurrency consulting company under the Spectra Group. They bring their enriched experience across industries and countries to practice professional advisory services for clients around the world.

For more details, Click here!

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Baer Chain Global Developer Conference “CURVATURE NAVIGATION” was held Successfully in Korea.

Guest Author



Baer Chain Global Developer Conference “CURVATURE NAVIGATION” was held Successfully in Korea.
Source: BaerChain

During the conference, Vincent talked about the current status of the development and the future plans of Baer Chain:

  • The globalization of Million Ecology Project is going smoothly. The “Curvature Navigation” conferences will be held in Asia first, and then in Europe and finally in North America. The official launch of the mainnet will come with a grand event in North America.
  • The Baer Chain block explorer developed by supernode team Baer LA is officially launched, marking Baer Chain’s decentralized development stage;
  • All game developers teams from all over the world will continue to develop blockchain games based on Baer Chain technology. At present, dozens of games are under development and will be launched in the Baer Chain ecosystem.

On 24th May, Baer Chain “Curvature Navigation” global developers conference was successfully held in Gangnam, South Korea.

Daniel Kim, CEO of Block Patch, a well-known blockchain company in Korea, attended the conference with a special guest, Zhenying Lee, who is focusing on the legal research of the blockchain industry.

Source: Baer Chain

Vincent introduced the development of Baer Chain at the conference. When talking about the progress of the Million Ecology Project, he said:

“We have entered the stage of curvature navigation and Korea is our first stop. Next, we will continue the journey of curvature in Amsterdam, then in London. We will eventually go to North America. What I can tell you is that it will be a grand event in North America to welcome the official launch of the Baer Chain mainnet.”

Source: Baer Chain

At the conference, Vincent announced that the first version of the Baer Chain block explorer developed by the supernode team Baer LA has been launched. It is the most direct visualization approach for users to engage with the mainnet.

With the release of the block explorer, all the third-party node teams are now able to smoothly carry out the development work based on the Baer Chain technology architecture, which means that the technology development of Baer Chain has entered the decentralization and the rapid growth stage of cooperation.

At the conference, Shawn from the supernode team Baer Cali also talked about the advantages of the Baer Chain technology architecture and how they began to develop games on Baer Chain.

Vincent stated that there were more than 10 super node teams have already started their development of new games. They are working very hard to develop their games and strive to release their products on the Baer Chain as soon as possible.

In the following Q&A session, Vincent was asked by one of the participants that if BRC was affected by Million Ecology Project, and Vincent responded:

“BRC is an indicator of Baer Chain’s values. The positive trend of BRC reflects the market’s view on the development and future value of Baer Chain.”

For more information, please visit the website, or follow on Twitter.

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