BANKEX: The World’s First Tokenization of The Instagram Account

token instagram fintech business blockchain

On the 6th of February during the Dubai conference, BANKEX founder Igor Khmel has transferred the Instagram account to the blockchain for the first time in the world. Turismospain was the first tokenized Instagram account — its tokens have already been issued, and they are being traded on the exchange.

What does it mean?

It means that the vast market of Instagram for the first time in history has finally been tokenized. Monetization of accounts has now become as easy as ever. The amount of followers always has measured customer loyalty, but now it can finally be valued not only by the number of followers but also by the customer satisfaction rate.

MediaToken implementation has allowed developing a new perspective on the Instagram content, not only as media but also as independent sufficient digital asset.

How to turn your Instagram profile into a real financial asset?

The working mechanism of MediaToken is really simple: an Instagram account is tokenized. The technology would process the data of the account and estimate the amount of funding it may be able to attract from investors. Then, MediaTokens are issued and listed on the BANKEX Exchange where they can be purchased by investors all over the world. MediaToken is now accepting applications for their service and is open for cooperation both bloggers and investors.

MediaToken would allow both investors and bloggers to increase the transparency of the market and improve the advertising process on the Instagram platform itself.

Why Instagram?

The Instagram market is one of the largest digital markets in the world that is expanding every day due to the new services implementation. For example, Stories have brought the company $4 billion in revenue and increased its’ audience twice since 2016. With the implementation of the Mediatoken, over 800 millions of Instagram audience will gain access to the way of making money on their content. The blockchain technology will add the transparency to the market and vanish the difference between bloggers, who have millions of subs and those, who have only a thousand.

About MediaToken

MediaToken is among the first steps to tokenization of the world. Technically, it gives every blogger a clear way to achieving their goals, regardless of the desired quantity of subs. The system effectively evaluates the exact possible amount of funds for allocation. Afterwards, a blogger uses it for the promotion of his/her account, while the system ensures investor’s profit after the promotion. Tokens could be sold on the BANKEX exchange. A pretty simple procedure to secure value for all the participants.

BANKEX is available at:

Website — Telegram — Twitter — Facebook — Bitcointalk — Youtube — LinkedIn — Reddit — GitHub — Steemit

The World’s First Tokenization of The Instagram Account was originally published in BANKEX  —  Proof-of-Asset Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Original article was created by: BANKEX at blog.bankex.org

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

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