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FOR RELEASE AUGUST 13, 2018

Introducing SynQ, the next-gen communication app for the cryptocurrency community

SynQ takes aim at Slack, Discord, and Telegram in the fight to become the crypto community’s #1 communication platform.

LOS ANGELES, August 13, 2018 — CryptoSyndicate, a crypto discussion group turned SaaS startup, today released the alpha mobile version of SynQ, a next-gen communication platform designed specifically for crypto communities.

The first of its kind, SynQ challenges existing platforms such as Slack, Discord, and Telegram.

“With SynQ, we’re addressing the failures of applications currently used by the crypto community,” said CEO Enrique Gutierrez. “They’ve been designed for people other than crypto users, and it shows. They can introduce all the integrations they want. It doesn’t change the fact that these platforms aren’t secure against scammers, don’t allow for easily threaded conversations, and can become incredibly expensive if the community grows too large.”

SynQ takes the messaging platform model and makes key improvements for crypto users and communities. In addition to public, private, and premium channels, SynQ offers community moderators the ability to create read-only channels that auto-populate comments into message threads. The platform also lets moderators deactivate, ban, and mute users for specified periods of time.

Additionally, SynQ is designed to address the ongoing problem of crypto spam and scams. Researchers recently identified nearly 15,000 Twitter bots created to scam users out of cryptocurrency, while a July report by the Kaspersky cyber-security firm claimed that users lost millions of dollars in ETH in 2017 to crypto scams.

“One of the biggest complaints we’ve heard is crypto moderators don’t have the tools to develop their communities securely,” said COO Nick Mancini. “SynQ uses a closed API system that keeps scammers from creating bots and spam scripts that run phishing scams.”

The web version of SynQ also features TraQ, a command-line bot that automatically brings crypto market data into the user’s notifications. TraQ lets users obtain price updates, set price alerts, and create cryptocurrency pairing notifications.

With these features, SynQ has developed the multi-functional chat messaging and enhanced management tools that crypto communities need. Now crypto communities finally have a specific platform for sharing information, learning from other users, and engaging in critical discussion.

CryptoSyndicate has already utilized SynQ’s multi-channel functionality to create a designated community space for its members.

Said Gutierrez, “SynQ started out as a private app that we developed for our own CryptoSyndicate community. But all groups face the same challenges of community development and security. That’s why we’re excited to share SynQ with the greater crypto community.”

 

SynQ Alpha is currently available as Android and iOS mobile apps at Google Play and the App Store. The web version is available at https://synq.tech/.

For product updates and announcements, follow SynQ on Facebook and Twitter.

CryptoSyndicate is a technology development and communications firm that builds critical applications for the crypto market. Founded by CEO Enrique Gutierrez, CryptoSyndicate began in 2017 as a collective of business analysts, traders, and developers with a passion for blockchain technology. Based on their experiences as a community, they realized that the crypto space needs and deserves specific platforms for discussion, collaboration, and education.

CryptoSyndicate’s mission is to identify gaps in the crypto-space and build architecture to support all the ways that communities grow, interact, and create value.

Follow CryptoSyndicate on Twitter, YouTube, Facebook, and Instagram. 

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W.

What does it take for Bitcoin to achieve mass-adoption?

CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

What does it take for Bitcoin to achieve Mass-Adoption?

The biggest obstacle for Bitcoin right now is, that so few people use Bitcoin. But why do so few people actually use Bitcoin from a day-to-day basis? Well, the answer is, because so few people use Bitcoin. That might sound a bit confusing right away, but I will explain myself.

Bitcoin has the obstacle to overcome, same as Facebook. Facebook became so valuable, because literally every friend of yours, and their parents where using it. If no one used Facebook, then I really doubt it would be nearly as valuable to humanity as it is today.

The same exact thing also applies to Bitcoin. What makes money valuable, is the fact that you can pay anybody for anything with it. Good luck paying your local supermarket in Bitcoins. It just doesn’t make sense to do so.

This is also called the network effect. It sates, that a system is only so valuable, as the number of people using that system.

So, let’s dive into the 3 deciding factors, that must happen for Bitcoin to fully achieve mass adoption.

First, of course, is the support by a big corporation or even country. For example, if a big company like McDonalds starts to accept Bitcoin, then people would be more inclined to make purchases with Bitcoin. This makes total sense, because why would anybody adopt the usage of Bitcoin, if you couldn’t make any real-world purchases with it? Exactly, it doesn’t make any sense whatsoever.

The first point was pretty obvious, so let’s look at the other deciding factors, that are crucial for Bitcoin to be mass-adopted.

Did you actually know, that a third of the world’s population, 2,5 million adults to be precise, do not have access to the banking system? Yeah, what people in the first-world countries take completely for granted, isn’t all that common all around the world: A bank account. On the other side, many more people in these third-world countries do have mobile phones, but no bank accounts. So, what if all those people start using Cryptocurrencies, like Bitcoin, for their online and day-to-day transactions? They could skip the traditional banking system and directly buy and sell Bitcoin from their smartphones. If one third (or even less) of the world population starts to use Bitcoin, it will gain world-wide recognition and overtake any other currency.

The third scenario that could happen, is that a major economic collapse or abuse occurs. When this happens, lots of people will want to transfer their wealth to something that isn’t dependent on any country or government, but is universally accepted in every country of the world. There aren’t many options for such things. One of these things is, gold. And the other could be Bitcoin, which I see as the digital version of Gold.

I hope we will never have to experience such a catastrophic event in our lifetime, but it sure is a positive thing for Bitcoin, since lots of people will adopt it.

These are all the point I could think of. Thanks a lot for reading and have an awesome day! Visit me at flashipcrypto.com for more Crypto-article?