Ziftr® is a New Hampshire-based company that develops products, such as tools and apps to revolutionize the shopping experience. The company, who was inspired by the digital currency evolution, sold 3,611,807 ZiftrCOINs™ for a total of $500,000 US during the first 10 days. This huge amount includes a purchase of $150,000 of these “ZiftrCOINs™” by a New Hampshire-based traditional investment firm, 10x Venture Partners, on the first day of the presale.
“We’re very excited about the participation so far in the ZiftrCOIN presale. We are especially encouraged by the fact that a traditional VC group like 10x Venture Partners has contributed so generously. We’ve already received so much support from the cryptocurrency community as well as from the traditional business communities. Clearly everyone in the business, retail or otherwise, is looking to streamlining their services and digital currency might be the next big step. I’m excited to see the continued success of our presale and to what heights it will take us” said Bob Wilkins, CEO of Ziftr and ZiftrCOIN.
Now what is this new “innovative product? Is it just another altcoin like so many others out there or is it something new? Mr. Wilkins describes it as such: “ZiftrCOIN is an innovative altcoin designed to “on-board” the next 10 million cryptocurrency users and help Ziftr push digital currency into the mainstream usage for consumers and retailers. Ziftr has already put millions of dollars into developing a suite of tools and applications that will accomplish this goal. The funds raised during the ZiftrCOIN presale will also go directly toward making this happen. The ZiftrCOIN presale runs until Jan. 23, 2015. However at the rate the presale is going that will be much sooner”.
Now what is Ziftr® and what do they actually do? Let’s give out a bit more information. Like we said before Ziftr revolutionizes the online shopping experience by introducing their products to consumers and retailers alike. Ziftr first big success was a browser add-on and mobile app that notifies and brings shoppers to the best deals at their favourite online retailers. Some might think, well jeez anybody can do that but let’s look at the hard evidence shall we? The browser and-on have had more than 2.5 million downloads and that is saying a lot. Furthermore Ziftr is a product of myVBOÒ. This is a full-service design; marketing and Development Company that helps businesses turn their ambitions into realities.
We also mentioned that there was an investment firm that heavily invested in the “ZiftrCOINs™” project. The investment firm called 10X Venture Partners, is a seed stage (and beyond) investment group that commits operational experience and dollars to portfolio companies predominantly in the mobile, Internet, wireless, security, med tech and green tech markets. That an investment firm is “betting Big” on Ziftr project of their “ZiftrCOINs™” does show that the general investment world is slowly but steadily creeping toward the “digital currency” decentralised system.
John Gargasz, manager at 10x Venture Partners told CryptoArticles that: “10x Venture Partners is a seed stage) investment group that invests predominantly in mobile, Internet, wireless, security, medical technology and green technology markets in the New England region. Some of our portfolio companies include Nanocomp Technologies, Inc., Coach Up and ApplyKit.
Some of your faithful readers will be undoubtedly pleased that someone from the “mainstream” is noticing and investing in the very new digital currency projects. The reason we did that is because we see merit in the technology. We believe strongly in the future of crypto currency in general. We are fairly certain that a tried and proven company like Ziftr can be the “missing link” between mainstream consumers and digital currency adoption, especially for online commerce.
The strategy for the end of 2014 and onward is fairly obvious. During the ZiftrCOIN presale, ZiftrCOINs start at just 1 BTC for 1,600 ZiftrCOINs and will gradually change to 1 BTC for 533 ZiftrCOINs. Participants will have the opportunity to receive exclusive rewards in exchange for their contributions, including a limited-edition, cold-storage or a ZiftrCOIN mining rig. All purchased ZiftrCOINs will become available for use in February 2015. Somewhere late 2015, Ziftr will give away 300 million ZiftrCOINs free of charge.
However there is a maximum of 100 ZiftrCOINs for each individual. This will be done so that everyday consumers can begin familiarizing themselves with cryptocurrency. Each ZiftrCOIN will have a minimum redemption value of $1 when used within Ziftr’s retailer network. The easiest way to explain it to someone that is not familiar with crypto, is saying that ZiftrCOIN functioning similarly to a coupon in that instance.
On a closing note we would like to say to keep an eye out for this one because of multiple factors. The fact that a “mainstream” investment firm really committed to a digital currency, the fadct that a veteran company is looking towards digital currencies for innovation and successfully incorporating them in their retail products,etc. can be the missing link we all be looking for. This is all the digital currency community needs to “break through” the hard shell of inconsistencies and “bad reporting” by some and actually get on track towards some kind of acceptance of digital currency by the general public.
All statements in this release, other than statements of historical facts that address future ZiftrCOIN availability, or developments that the ZiftrCOIN expects are forward looking statements. Although the Corporation believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause results to differ materially from those in the forward looking statements include, but are not limited to: market volatility; continued availability of capital, financing and personnel; government regulation and laws; and general economic, market or business conditions.