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ConsenSys-Backed Crypto News Outlet Decrypt to Launch Reward Token in Q2 2020

Decrypt, a major cryptocurrency and blockchain publication funded by ConsenSys, is launching a new token to reward users for engaging with its content.

The new Ethereum-based Decrypt token will allow Decrypt readers to earn rewards in return for reading and sharing articles as well as other types of interactions with the company’s content. As officially announced on March 4, readers will be able to exchange collected tokens for goods and services including Amazon and Airbnb.

Decrypt plans to roll out the new token as early as the second quarter of 2020.

Decrypt token will act as a utility token pegged to a fixed mapping of “any value token” on Ethereum

In order to launch the token, Decrypt partnered with crypto micro-transactions provider and Ethereum-based token infrastructure supplier Ost.

Jason Goldberg, founder and CEO of Ost, emphasized to Cointelegraph that the Decrypt token will act “purely as a regulatory compliant utility token,” which means that the reward token won’t be tradeable on secondary markets like cryptocurrency exchanges. Read More...