BitMaker App Launches v2.0, Surpasses 250,000 Active Users in 187 Countries

CakeCodes, a Seattle-based blockchain adtech and payments company, today formally introduced BitMaker 2.0, an Android app that incentives users to engage with mobile products through advanced gamification and free Bitcoin and Ethereum rewards. In stealth mode since its launch in September 2014, BitMaker has become a viral sensation, leapfrogging major milestones as an unfunded startup. […]

CakeCodes, a Seattle-based blockchain adtech and payments company, today formally introduced BitMaker 2.0, an Android app that incentives users to engage with mobile products through advanced gamification and free Bitcoin and Ethereum rewards. In stealth mode since its launch in September 2014, BitMaker has become a viral sensation, leapfrogging major milestones as an unfunded startup. Today, BitMaker has surpassed 250,000 active monthly users across 187 countries, with rewards for over 100 apps offered on the platform including Mobile Strike and Game of War: Fire Age.

CakeCodes also announced an upcoming equity crowdsale on the prominent Wefunder platform. Starting on Sunday, April 30, CakeCodes will raise a limited round intended to increase user growth and to fast-track the development an iOS app.

CakeCodes’ BitMaker app grants free bitcoin and Ethereum to users for trying new products, games and apps. Blocks can be claimed by a user and can be transferred to a bitcoin or

Ethereum wallet at any time.

“Nearly $600 billion is spent on global advertising, and yet many ads are simply ineffective,” said Simon Yu, CEO of CakeCodes. “Advertisements are everywhere and people automatically tune them out. The CakeCodes team had a mission to make advertisements more effective and less annoying.”

Yu added, “Traditional advertising methods include pushing unsolicited ads onto people. We wanted to combat this by giving consumers the option to opt in and get paid for their time used on trying a new product. With Bitmaker, end-users get paid, businesses only pay upon engagement, and customer acquisition costs are dramatically decreased. Everyone wins. What we’ve done is create a simple, fun way for consumers to be rewarded for trying cool new products.”

BitMaker connects advertisers and marketers to over 250,000 monthly users willing to perform small tasks for their business for a fraction of the price of a traditional advertising campaign. Advertisers only pay for users who have tried the product, eliminating false impressions, clicks or installs, while driving user retention.

“We are able to understand what the customer needs because we’re also the audience: our team is made of app developers and gamers,” said Calvin Hsieh, Founder and CTO of CakeCodes. “That’s why we crafted our app based off the mechanisms behind popular role-playing games, including World of Warcraft and Final Fantasy. While playing, gamers are rewarded for completing a mission for items like digital swords or in-game gold. We made this experience tangible by tying it to the real world; when a user completes a mission on our app, they receive real money. After 700,000 installs, we are proud to state that our business model works.”

Hsieh initially started CakeCodes and Bitmaker as a classroom project at the University of Washington in his dorm room. After graduation, Hseih pursued his dream of expanding the company and brought Yu on board.

Yu started his entrepreneurial journey at the age of 19, when he was forced to drop out of college and pick up a full-time job. After borrowing $100 from his father, Yu began selling Korean tacos out of his apartment to students across campus. The tacos turned into a viral sensation, allowing Yu to start a food truck. Before joining CakeCodes, Yu was able to scale this business into a $500,000 enterprise with ten employees within two years.

Starting April 30, 2017, BitMaker will be hosted on Wefunder, a regulated equity crowdfunding platform for both accredited and non-accredited investors. Funds raised will accelerate the creation of an iOS app and will further enhance the Android app with exciting new features, including payouts in additional forms of digital currency.

For more about CakeCodes and the BitMaker app, visit http://bitmaker.cakecodes.com/.

 

Read this next

Digital Assets

DappRadar report: NFTs volume below $1 billion for the first time since June 2021

DappRadar’s July 2022 industry report found that blockchain games and their NFTs remain resilient amid a crypto winter accentuated by the debacle of Terra.

Digital Assets

Blockchain.com registers to operate crypto business in Italy

Blockchain.com had registered as a digital asset provider in Italy, following in the tracks of rivals who joined a special registry with brokerage regulator Organismo degli Agenti e dei Mediatori (OAM).

Digital Assets

Binance rolls out crypto card in Argentina with 8% cashback

Binance is launching its crypto debit card in Argentina, the first country in Latin America to have the product thanks to a partnership with Mastercard.

Digital Assets

Greece sends BTC-e operator Alexander Vinnik to US

Alexander Vinnik, an alleged Russian hacker accused of laundering $4 billion of criminal proceeds through BTC-e, has been extradited from Greece to the United States.

Retail FX

Saxo Bank reports weakest FX volume in 6 months

As many traders were away on annual summer leave, currency markets saw a relatively quiet period in July. Within that context, Copenhagen-based Saxo Bank has reported its monthly metrics, which showed a renewed decline month-over-month.

Market News

The Week Ahead: 5 August from David Madden, Market Analyst at Equiti Group

It has been an interesting week and despite a lot of negative news, equity markets enjoyed a positive run. US House Speaker, Nancy Pelosi, defied the warnings from the Chinese government and carried out a visit to Taiwan. The Beijing authorities moved military hardware close to the self-governed island to flex its muscles. Stock markets came under a little pressure as a result and risk-off assets like the Japanese yen and gold found themselves in high demand.

Opinion

Alina Strogonova of Muvon Payments: How Can Fintech Optimise Payments

Financial services in their conventional form are obsolete, according to fintech startups. New-age finance is constantly redesigning electronic money transactions and testing innovative solutions.

Digital Assets

No need for CFDs: BitMEX introduces leveraged FX perpetual swaps

Previously retail FX trading was mostly possible via CFDs (contract for difference). BitMEX’s FX perps allow both retail users and institutional traders to access FX markets through an exchange-traded contract.

Digital Assets

BEQUANT launches index measuring dollar against crypto

“Our research team has worked hard to quantify and capture the latest economic story into the broader crypto market.”

<