A new kind of cryptocurrency Tipbot has allowed users to pay others to answer their questions on social media by providing a new tool to pool data in the ecosystem.
It has been reported that Liser Lee of CCTip, said that the system can help drive engagement or generate expert commentary, as it lets users create a Twitter poll and automatically pay anyone who shares it with cryptocurrency by helping a poll gain more exposure and answers.
However, the company is also considering a system pays the poll respondents instead.
It has been analyzed that it supports 200 different crypto assets, including Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Tron (TRX), and many Ethereum-based tokens.
Justin Sun, the founder of Tron, publicly thanked the firm when it added support for TRX in early April.
Likewise, Lee explained that using a cryptocurrency-powered system is more effective when interacting with crypto enthusiasts compared to traditional systems.
She also pointed out that crypto community members may be simply happy to see their favorite crypto assets being used in the real world.
“If you pay BCH to a BCH enthusiast, he’s happy to see that BCH being used.”
Moreover, the firm also launched the CCTip Ask feature last week by enabling users to ask any Twitter user a question, as Lee showcased the system on May 18 by asking Bitcoin ABC lead developer Amaury Sechet if he believes Bitcoin Cash’s value can exceed the value of Bitcoin.
As per the report, Sechet was paid 0.5 BCH (about $114 as of press time) to answer the question he was asked on Twitter through the system.
“[CCTip Ask is] an effective way to get your question answered by a celebrity. If you raise a good question, answering the question is a good way to show your opinions. And it will attract more users’ attention.”
Furthermore, cryptocurrencies enable anyone to instantly send payment to anyone else without having to share sensitive information with each other.
Thus, this feature makes crypto assets the perfect fit for social media tipping, as many users on those platforms prefer to remain pseudonymous or otherwise protect their privacy.