In early February, NeuCoin
a series of consumer applications aiming to offer its users and
digital content providers effective methods of incentivizing
The NeuCoin team, led by the founder of Jango, Dash and
DirectRevenue Daniel Kaufman, launched its first official digital
currency wallet, introduced the NeuCoin tipping technology through
online music streaming platform Jango, and showcased an
integration of NeuCoin on a popular multiplayer casual Facebook
game called Solitaire Racer.
The successful launch of the three consumer applications led to
an explosive growth of the NeuCoin user base. The NeuCoin team
that the number of NeuCoin users has surpassed the 275,000 mark,
which puts NeuCoin on track for acquiring more than 2 million users
is a decentralized cryptocurrency developed by a team of designers,
game developers, security consultants and legal advisers
funded by executives of King, Uber, Jango, Spotify and Hotline. Its
developers' unified vision was to maximize decentralization and
enable micropayments, which are typically difficult to settle with
existing cryptocurrencies such as Bitcoin due to expensive
Jango Radio, founded by serial entrepreneur Kaufman, is one of
the most popular online radio and music streaming platforms
that enables users to create and share custom radio stations.
In 2007, Jango was the first music streaming platform to introduce
a social network technology that allows the platform
to match users with listeners who have identical musical
preferences. The radio playlist and user matching service led to
exponential growth for Jango. A few years after its launch,
the platform reached more than 7 million monthly users.
The developers and founders behind Jango integrated the NeuCoin
tipping technology onto their platform as a core section of its
user interface in late 2015, to introduce a digital currency that
mainstream users can embrace and use to tip others in the
"The main reason that Bitcoin and other digital currencies
haven't been widely adopted is that they don't provide benefits
over traditional currencies that mainstream consumers care about,"
Kaufman said. "Many believe that new business models and behaviors
based on micropayments (transactions from $.01 to $1.00) where
traditional payment methods just aren't viable might be digital
currency's killer app. Armed with freemium distribution, this is
NeuCoin's focus," he further explained.
As a part of its initiative, the Jango team recently began to
reward one to two NeuCoins to regular users per day. Due to this
promotional offer from the Jango team, more than 30,000 listeners
have tipped NeuCoin to more than 25,000 emerging artists. The
mainstream exposure to millions of music enthusiasts and artists
led to a rapid growth in the userbase of NeuCoin.
The NeuCoin team reported that more than 150,000 users from
Jango converted to NeuCoin in the first four weeks and that the
user base of NeuCoin has been growing by 8,000 users per day. They
further emphasized that such a rapid rate of growth is unusual for
an alternative digital currency like NeuCoin, and not many
cryptocurrencies are embraced by the mainstream.
Facebook Game: Solitaire Racer
The NeuCoin team also secured a partnership with the developers
of the popular Facebook game Solitaire Racer and integrated the
NeuCoin tipping technology onto the application.
Similar to traditional Solitaire card games, the gameplay of
Solitaire Racer is fairly simple. Users are required to sort the
card deck as soon as possible and beat out other players in the
game by speed. However, the NeuCoin integration provides users with
an added twist: Users earn NeuCoins for completing a deck and
receive additional NeuCoins if they complete the deck first. The
game enables users to transfer NeuCoins earned during the gameplay
to their official NeuCoin wallets or trade them for cash or
The introduction of NeuCoin to a passionate gaming community led
to an unexpected growth of its user base and daily volume,
establishing the currency as a viable alternative currency to
Decrease in Coin Supply
The NeuCoin Foundation recently announced that the the
foundation's holdings will be cut from 3.2 billion to 1 billion in
the next several weeks by destroying 2.2 billion coins to decrease
the NeuCoin supply by 50 percent. The foundation came to a
consensus that such decline in the coin supply could maximize the
value of the digital currency.
"First and foremost, given the learnings that fewer coins need
to be distributed per person to consumers, and that ecosystem
partners do not require large rewards, the foundation will destroy
70 percent of their NeuCoin holdings. This cuts the current total
coin supply by roughly 50 percent to 2B and cuts the projected coin
supply in 10 years time to 10B,"
announced the NeuCoin foundation.