MyCreditChain’s “Good Morning Service”, allows users to accumulate cryptocurrency based on app activity.
The recent trend of saving pocket change called “Cheap Investing” (Cheapskate+Investment) has caused “AppTech” to gain attention once more. According to an industry report on December 12th based on this trend, various types of ‘Reward Apps’ are on the rise and consumers are using them now more than ever.
‘AppTech’, the compound word for “Application” and “Money Management” (Korean: Jaetech), refers to when app users are able to earn points or small amounts of cash by performing simple missions on apps on a smartphone.
The early adaptations of reward apps compensated only a small sum of money in the form of points when users viewed an ad that appeared on the lock screen of their smartphones.
However, reward apps that have emerged in recent times have increased compensation amounts and are often used as part of a loyalty program in order to increase customer satisfaction or improve brand loyalty.
Various range of reward methods are being implemented from walking trackers to ad viewing apps along with cryptocurrency reward. An individual can select apps that are appropriate for their smartphone usage needs and when used on a day to day bases, users can earn more money than expected.
One of these reward apps includes the “Good Morning” app created by MyCreditChain, which is a reward based social networking service (SNS). The app compensates users with cryptocurrency based on simple in-app activities such as updating status messages or sending “Likes” to a friend.
The cryptocurrency can be converted to cash at any time on the exchange, and the value of the currency will increase as more users utilize the app. As the value increase with more users, one can expect more reward in comparison to reward apps that compensate a fixed amount of points or cash.
In the “Good Morning” Service, “Seeds” are the concept of “Likes” as points in which 5 Seeds are generated daily to each person for free. These “Seeds” can freely be gifted to friends which creates a unique social experience. The “Seeds” that are received by completing missions in the app or received from friends will be converted into “Fruits”. Once 50 “Fruits” are accumulated, they are able to be converted into cash in an exchange.
Another form of a reward app includes “Cash Walk,” which is an app that pays you just to walk. ‘Cash Walk’ tracks steps and rewards points based on the number of steps a user makes. The points can be exchanged for coupons usable in places such as convenience stores and cafés. The App pays 1 Won per 100 steps and rewards a maximum of 100 Won for 10,000 steps taken per day.
Other examples of reward apps include “Idle Time” and “Study Time” which are reward apps that compensate users based on idle time. For the time that users are not using the mobile phone, and points that are accumulated can be traded for gift certificates, and also gives the option to earn additional points for ad participation.
Another reward app that requires a more specific action is called “Lime” launched by Lotte Members. Users can earn points by participating in various surveys in the application. Lastly, in an app called ‘Cash Cow’, users will receive points by uploading purchase receipts after shopping for products at affiliated supermarkets or convenience stores.
Source: Daily Korea Reporter Choi Sung Soo <firstname.lastname@example.org>
What is the Good Morning Service?
The Good Morning service is a <Blockchain-Based Reward Social Networking Service> developed by MyCreditChain. Unlike existing social networking services, it offers a distinctive value by providing gifts called ‘Seeds’ in the form of ‘Likes’ that can later be converted into MCC tokens. It is an innovative service that allows for the direct and indirect experience of cryptocurrency without the investment of money.
Building Trust with Your Data!
MyCreditChain (https://www.mycreditchain.org) is
A blockchain-based, decentralized, Trust Data Distribution ecosystem in which individuals have the ability to capitalize on their own information and expand relationships through the MyCreditChain platform in order to create new credibility for the underbanked. Our goal is to return the ownership of personal information back to the individual and to create a free and equal society by giving the ability for each individual to reap benefits from their personal information and Trust Data.
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