IndieSquare, FoldingCoin, Tokenly and Other Counterparty Users Updates
Bitcoin based platform Counterparty has provided an update, courtesy of Community Director Trevor Altpeter, about the state of a number of different products that use counterparty to provide their services, starting with the news that Shapeshift has restored service for XCP in addition to several other cryptocurrencies following some recent downtime.
Mobile app IndieSquare has launched a new product called “IndieBoard” to allow the use of the IndieSquare app on a web client. Features of this include QR code login, the ability to change token icon image and manage tokens by allowing the issue extra units, lock the supply and changing the token description.
The GetGems project, which allows users to send bitcoin via messages has reached 120k registered users and has reached a personal best as the 256th US based social networking app.
The FoldingCoin project has announced that it is in the process of looking to expand its team following a period of time having only two people working on the project. 6 developers and at least 10 admin positions are being looked for, with some projects that were being worked on currently being halted due to time constraints. Scotcoin is one project that has recently been launched using Counterparty and was distributed through merged folding on FoldingCoin.
Let’s Talk Bitcoin produces cryptocurrency podcasts and has now been hosting and creating content for over 3 years. LTBcoin is a Counterparty asset that functions as a rewards system and proprietary token. The Let’s Talk Bitcoin network is utilizing Counterparty to facilitate several features including “token-controlled access” (TCA). LTBcoin is responsible for the largest number of transactions on the Counterparty protocol to date.
Tokenly is a project led by Let’s Talk Bitcoin founder Adam Levine and former Counterparty Community Director Devon Weller. Tokenly is improving on crowdfunding products like Kickstarter by letting donors receive tokens in return for contributions to a project.
Levine commented: “Tokenly creates modular tools that let people do all of the things you’d want or need to do to use a token in your business. Tokens are useful as un-fakeable gift certificates, swappable passwords, transferrable rights and really anything where you want to represent digital ownership. Beyond what the token itself does, businesses need to be able to issue, customize, distribute en masse, buy and sell, accept as payment and [do] even more for their token to work.”
Adding token functionality to a Kickstarter style platform will bring legitimacy to the crowdfunding concept by allowing projects to return capital and offer specialized features to owners of a project’s tokens. As of May 1st, Tokenly has raised $471,043, exceeding their stated funding goal of $350,000.
Levine added, “We build a variety of merchant services that let people empower their tokens first on Counterparty and eventually on any blockchain that has valuable tokens built on it. When we add a new blockchain, it is an addition not a replacement. We think people will create valuable tokens on many platforms and will be a connecting layer between all of them.”