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What are CryptoKitties? Latest craze involves virtual cats selling for $100,000 on Ethereum Blockchain [2017W50]

Altcademy Team wrote on 7 February 2018

This Week's Update on Bitcoin and Blockchain [2017W50]
Issue: Week 50 of 2017

Markets

  • Bitcoin BTC is at ~$16500 USD (+45.61% from last Monday)
  • Ether ETH is at ~$471 USD (-1.27% from last Monday)
  • Bitcoin Cash BCH is at ~$1576 USD (-8.62% from last Monday)

Articles

This week’s new initial coin offerings (ICOs)

  • Decentralized Marketplace connecting social media bloggers and advertisers
  • Create a global marketplace for Advertisers and Influencers among every major social network
  • Maintain commercial relationships between participants; SocialMedia.Market will use Blockchain technology to simplify integration, reduce fraud and costs for all market participants
  • Create a common platform to edify and verify interactions between bloggers (influencers) and brands
  • 49% of them rely on influencers’ recommendations when making a buying decision
  • SocialMedia.Market will trigger an introduction of a new digital marketing ecosystem comprising of advertising campaigns accessible to millions of novice and growing influencers, startups, small and medium businesses
  • Token: Social Media Tokens (SMTs)
  • Built on the Ethereum network
  • 1 ETH (Ether) = ~750 SMTs
  • Phase 1
  • Hard Cap: 10m SMTs
  • Exchange rate: 1 ETH = 800 SMTs
  • Start Date: 7 December 2017 12:00 PM GMT
  • End Date: 14 December 2017 12:00 PM GMT
  • Phase 2
  • Hard Cap: 30m SMTs
  • Exchange rate: 1 ETH = 700 SMTs
  • Start Date: 9 February 2018 12:00 PM GMT
  • End Date: 23 February 2018 12:00 PM GMT
  • Token Distribution :
  • 20% - Phase 1 distribution to investors
  • 60% - Phase 2 distribution to investors
  • 15% - Reserve for Platform Core Functionality
  • 5% - Reserve for Partners, Bounty and advisory board

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