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FOR RELEASE SEPTEMBER 3, 2018

SynQ Makes Its East Coast Conference Debut at Blockchain Without Borders and Coinvention

The SynQ crypto communication app takes its place alongside other top blockchain startups.

 

LOS ANGELES, September 3, 2018 — SynQ, the next-gen communication platform designed specifically for crypto communities, made its presence felt at blockchain conferences in New York and Philadelphia this past week.

Represented by CryptoSyndicate COO Nick Mancini, SynQ attended Blockchain Without Borders Token Expo (August 30) and Coinvention (August 31) alongside blockchain startups, developers, and investors from around the world.

Both conferences offered a specialized focus on blockchain technology and investment. At Blockchain Without Borders Token Expo, the spotlight was on valuable startup companies in the blockchain industry. Co-hosted by Liaoyuan, a service platform that provides informational and financial support for early-stage startups, and Spark, a blockchain incubator that specializes in enterprise transformation, the conference agenda placed emphasis on the venture and startup links between the USA and China.

“The word of the day was ‘community’,” said Mancini. “Everyone from VCs to institutional investors is starting to realize that communities can make or break a project that’s going to market.”

CryptoSyndicate, the software and technology development company behind SynQ, is both startup and ongoing crypto discussion group. Founded in 2017 by CEO Enrique Gutierrez, its resident sentiment analyst, CryptoSyndicate is known in the crypto space for its insightful business intelligence and accurate price action predictions.

The transition from business intelligence to software development was a natural one. A seasoned entrepreneur and IT developer, Gutierrez began developing the SynQ communication platform during the crypto market bull run at the end of 2017.

Said Gutierrez, “When new traders flooded the market last year, our community membership exploded, but so did the hosting fee that Slack wanted to charge us. Communities are the backbone of crypto, but existing platforms can’t scale without pricing out 90% of groups.”

But CryptoSyndicate wasn’t satisfied with just messaging capabilities. What began as an internal solution quickly grew into something demanded by other crypto communities.

SynQ combines feature-rich messaging with community infrastructure that lets moderators select from public, private, read-only, and premium channels. SynQ also brings the crypto market directly to the community with TraQ, a command-line crypto price tracker that provides automatic market updates in-app.

As Mancini shared with other convention-goers at Coinvention, SynQ oversaw a successful alpha launch in August. Currently available as mobile and web apps, SynQ is transitioning select crypto communities to the platform as part of its upcoming beta release.

“With SynQ Alpha, we addressed the communication and infrastructure problems that have prevented crypto communities from growing,” said Mancini. “With SynQ Beta, we’re introducing new features that go a step further and connect communities with each other.”

SynQ is currently accepting inquiries at its website from crypto communities who are interested in joining the platform as part of beta release.

CryptoSyndicate and SynQ will next appear at Founder World 2018 in San Francisco on September 7-9.

 

SynQ Alpha is currently available in Android and iOS mobile and web apps. Visit Google Play or the App Store to download.

Visit https://synq.tech/ for more information about SynQ, the first application suite designed specifically for crypto communities. 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. Visit the website at https://thecryptosyndicate.com/

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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?