TaTaTu Hosts the World’s Third-Largest ICO, Earns Over $500 Million

TaTaTu Token has bought over $575 million price of its forex by an preliminary coin providing (ICO), making it the third-largest coin providing, behind Telegram and EOS, respectively. Often called TTU tokens, the forex is the blockchain leisure platform’s central unit of change, and all personal sale proceeds will go towards funding technical improvement and rising the corporate’s buyer base.TaTaTu is a decentralized system that financially rewards customers for viewing content material and referring their family and friends to the platform. Customers can earn TTU tokens by streaming movies and associated tasks for free of charge and by voting to decide on which varieties of content material TaTaTu ought to host sooner or later. All tasks are monetized based mostly on the variety of views they obtain, and creators earn funds relying on their tasks’ recognition. As well as, views and finance reporting are recorded in real-time on the TaTaTu blockchain, thereby limiting the threats of piracy. “The business’s response for TaTaTu has been overwhelming because the TaTaTu Token has secured one of many largest personal gross sales of digital token,” stated CEO Andrea Iervolino. “The response is additional validation that our mannequin of buying and producing our personal content material blended with rewarding customers with TTU tokens to observe that content material on the platform will profit everybody — together with content material holders, customers, manufacturers and advertisers.” Among the many mission’s many supporters are Prince Félix of Luxembourg, cryptocurrency funding corporations Lyna Capital and BlockTower Capital, and movie producer Girl Monika Bacardi. “I’ve labored and invested with Andrea for a few years — relationship again to his first motion pictures over [a] decade in the past, and it has been rewarding each step of the way in which,” Bacardi stated of the corporate’s chief government officer. “TaTaTu is [a] refined and intuitively good modeled platform that reinforces my bullish stance on the promise of blockchain know-how and cryptocurrency.”The platform has been in alpha testing since late Might, however it has already attracted over 200,000 registrants. Among the many firm’s early tasks is a movie entitled The Sound of Freedom, starring Oscar winner Mira Sorvino and Jim Caviezel, who starred in 2004’s The Ardour of the Christ.Movies will function the corporate’s main staple of leisure, although TaTaTu is trying so as to add sports activities, video games and music for its customers to take pleasure in sooner or later. Executives are additionally seeking to construct offers with manufacturing firms to extend TTU token utilization and make it the first digital asset for each media and leisure ventures.Ari Paul, managing accomplice at BlockTower Capital, said, “I’m excited for tasks that can unfold cryptocurrency past the present <0.5 % of the world that holds it. TaTaTu is a crypto pushed content material platform that’s prone to get main mainstream traction.”At press time, TaTaTu had not replied to Bitcoin Journal’s request for remark.

This text initially appeared on Bitcoin Journal.

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