Press Release Miami, Fla. – Vybe, LLC announced today that it is building an app that allows people to mine their social media for cryptocurrency.
“Likes” earned on social media. What if you earned as much crypto as the number of “likes”?” Vybe Business Development Manager Blake Marum said, “That’s what Vybe does. Connect your content creator site to a cryptocurrency wallet, and for every “like” you get on social media automatically deposits VYBE into the wallet for every “Like” they receive.”
VYBE is a token on the Algorand blockchain, or Algorand Standard Asset (ASA), which works like Algo and is verified by Pera, Algorand’s official wallet.
“This app disperses 222,603 VYBE every 6 hours for 20 years.” Vybe Lead Developer, Ravi Dhar, explains, “We calculate the total number of likes, posts, followers, and other metrics each user gets in 6 hours and award this mining pool ratio. In other words, we measure the quality of the content. The more “likes” you get from the world, the more VYBE you get from the app. Users are miners who are rewarded for their contributions.”
Once downloaded, the app runs in the background and automatically deposits VYBE into the Algorand wallet.” It’s like a bank account,” Malm said.” Or a slot machine,” he laughed. Ding, ding, ding. …… You don’t have to do anything else.” The app quantifies and rewards the quality of content. If you’re going to contribute anyway, why not get paid for it?”
So how much is VYBE worth?
“Nothing,” said Vybe project manager Armaan Kapoor candidly, “Right now, they are worth absolutely almost nothing. They are almost zero. But the plan is to change that.” But Kapoor said they are making a quality product with real use cases that will have value over time, and explained why he and his team think this code will create substantial value
.” Instagram generated more than $20 billion in ad revenue last year. How much of that was generated from their content? Almost none. Users created content for them. You did. And how much did they pay for that content? Nothing. You produced their content and they paid you in heart emojis”. Kapoor said, “Your content has value. That’s why more than half of the world’s population uses social media and spends an average of three hours a day on it. That’s why people follow you and Twitter is worth $44 billion. “Vybe “likes” tokens. This is not possible with credit cards or centralized systems. With blockchain and cryptocurrency, it is possible. This allows creators to share these “likes” and then some of this value can be extracted from the social media site, put into an Algorand wallet, and converted into other assets.”
Kapoor added that Vybe also makes it as easy as possible for anyone to mine cryptocurrencies,instead of using expensive processors that consume a lot of power to solve arbitrary math problems that are discarded once solved. Vybe is making cryptocurrency mining as easy as possible for anyone, he added. instead of using expensive, power-hungry processors to solve arbitrary math problems that are discarded once solved, like BTC, Vybe is “nice! to use.” This is how our mining works.” This is how we distribute Vybe around the world.” said Kapoor, adding that Vybe is also building a geolocation gaming app, adding more value to Vybe’s ecosystem over time.
Vybe launched its early adopter program on May 20. It will run until August 1, when the mining app is scheduled to be released.40} You can learn more on the web pagefor more information. You can also pre-register as an early adopter. “We’re in it to ‘make useful apps and have fun,'” Malam said.
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