Hi everyone! It has been a long time since our last blog update, and a lot has happened in the meantime. AdCoin is starting to scramble back up since the temporary market pause on Cryptopia, and this update will explain why. We will cover four major topics this time: The first topic being the reopening of the market on Cryptopia, followed by our partnership with BitcoinOne, the AdCoin Contest and last but not least, the WordPress Advertising Plugin and other developments.
“Hard work… There’s no secret formula. I work hard and aim to be the best.”
– Ronnie Coleman
Reopening of AdCoin markets on Cryptopia
Like we mentioned in the previous blog, Cryptopia confirmed that there had been multiple 51% attacks that lead to a double spend attack. Crytopia wanted to further investigate the whole incident, remaining the AdCoin markets to be closed while the investigation was still going.
Fortunately, Cryptopia was able to complete their investigation and reopen the AdCoin markets again on September 8, which meant a big boost for AdCoin in general. Because the AdCoin markets on Cryptopia generate a lot of volume for ACC, it was a bummer to see the markets being paused for so long.
One day before the AdCoin markets reopened, the price of ACC hit its all-time low on September 7, being 0.008$. However, since then the price of ACC has started to climb back up, now stabilizing around 0.03$. We are also happy that the taken measures (increasing the number of confirmations, incentivize mining and the reimbursement of Cryptopia) are proving their worth for now. Ofcourse these are not long-term solutions. As of right now, we are working very hard on switching from Proof of Work to Proof of Stake. The previous blog explains in detail why this is the best solution for the long-term.
Partnership with BitCoin One
On September 6 we were finally able to announce the partnership with BitCoin One. The contact between both teams had been going on for some time, and after carefully discussing all the possibilities, the AdCoin and BitCoin One teams were able to shake hands.
Combining both knowledge and resources will create great opportunities for both projects. As of right now, we were able to benefit from the cross-marketing with BitCoin One, boosting our community with the crypto enthusiasts that were already supporting BitCoin One. On their part they were able to benefit from our knowledge and insights in the crypto world, being active for more than a year now.
For the future we will be able to benefit even more form this partnership. BitCoin One’s community is growing bigger by the day, which means our community will too, in combination with the AdCoin Contest. A contest we created with the help of the BitCoin One team, because they already had lots of experience in creating contests. The next paragraph will go deeper into the AdCoin Contest.
The AdCoin Contest
September 13, AdCoin has released a contest where people can do social tasks like tweeting, sharing or liking AdCoin posts from multiple social media channels to collect as many points as possible. The ten contestants with the most points receive a certain amount of AdCoin, up to 20.000 to be exact. We are also giving away random prices and daily prices to the most active contestants of that particular day.
With this contest AdCoin can reach a larger audience than before because people are (re)tweeting, liking and sharing AdCoin posts, as well as voting for AdCoin on exchange votings. As of right now, almost 13K people are participating in our contest. While the contest is running, our community has grown significantly. On Facebook we are close to 10K likes, while Twitter has gained over 2K members in a time span of just one month. Reddit has also become a main source of information about AdCoin, now counting 2.5K subscribers.
Do you want to participate in our amazing contest? Please take a look on our contest website – contest.getadcoin.com – or follow all contest updates in our Telegram group (https://t.me/adcoinacc). But be quick, because the contest is ending on October 17!
WordPress Advertising Plugin
AdCoin has always been aiming to improve the online advertising world by using the advantages of blockchain technology. Therefore we have created several payment plugins for the most common content management systems and e-commerce platforms. On September 26 our latest plugin was released. This time not a payment plugin, but our WordPress Advertising Plugin.
With this plugin any publisher will be able to maximize advertising revenue and sell advertising space on-the-go. Within this plugin you will find the already well-known AdCoin payment methods, so there’s no need to comply at complex requirements from payment service providers. The countless options within this plugin make managing online advertising campaign(s) as easy and effective as possible. Do you also want to experience what this plugin is all about? Than make sure to check it out on our website www.getadcoin.com/plugins/.
We are truly proud to continue our ambitions of making AdCoin THE advertising coin worldwide. We will keep looking for new opportunities to enable every developer, marketeer, publisher and advertiser in using our products in a user-friendly manner. Please stay updated on what we will do next, because we are working on some exciting stuff…
The topics mentioned above are obviously not the only things the AdCoin team has been working on the past one-and-a-half months.
On October 4, we introduced our new Bounty Program on Bitcointalk. In this Bounty Program you will find several social tasks regarding Telegram, Reddit, Facebook, LinkedIn, YouTube and more. We are also encouraging people with translating experience to start translating our whitepaper in multiple languages. For more information, have a look on our Bounty Program page: https://bitcointalk.org/index.php?topic=5043578.msg46493353#msg46493353.
Furthermore, AdCoin has been participating in the exchange votings from Shardax and TxBit, of which the TxBit voting is still going on. Make sure you vote for AdCoin if you haven’t yet done so! – https://txbit.io/Coin.
To stay updated on AdCoin’s achievements and activities on a more regular base, please subscribe to our Reddit account – https://new.reddit.com/r/adcoin – where we will post weekly updates every Friday.
Luc – The AdCoin Team