RHOVIT joins the Algorand community as it announces plans to further democratize cryptocurrency mining with scalable accessibility.
LOS ANGELES, CA, April 29, 2020 /24-7PressRelease/ — A gamified content platform, RHOVIT offers crypto mining that is easy and affordable while simultaneously instituting a better monetization method for content creators. By building on Algorand and its next generation cutting edge suite of blockchain technology, RHOVIT will benefit from enterprise grade scalability and also best-in-class innovation to develop tools and creative methods for users to mine and earn.
Matt McCullough, Co-Founder and CEO of RHOVIT said, “We are on a mission to scale RHOVIT as quickly as possible. Right now the world is facing economic hardship but one of the few bright spots has been content streaming. We offer a solution for viewers to make passive income while enjoying content and Algorand will help us deliver on that promise now and in the future.”
Originally built using the NEM Protocol, RHOVIT will be switching their native token called an Rbit over to Algorand, with details coming soon about how to swap tokens out. Beyond the token, RHOVIT will also be utilizing Algorand to build their platform game extension RHOAM. RHOAM takes user participation a step further by returning a portion of all revenue back to the community in an easy to play trading game.
“At Algorand, we provide technology that is scalable, secure, and decentralized to organizations building out inclusive and new economic models in their industries,” said W. Sean Ford, COO of Algorand. “We are excited that RHOVIT is taking a new approach to gaming and leveraging Algorand to scale its business.”
“The age of a few profiting off the time and effort of millions needs to come to an end.” Explains Matt McCullough. “Whether it’s through easy mining or gameplay, built into the fabric of RHOVIT is a way for everyone to profit.”
Based in Los Angeles, RHOVIT is a dual currency content platform that allows mining through micropayment made to content creators. Offering a freemium model, viewers can also level up by purchasing Mining Point Packs. Currently in open beta, the full version of the RHOVIT Platform will release Q3 of 2020. On the web: www.rhovit.com
About Algorand Inc.
Algorand Inc. built the world’s first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. This blockchain, the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali. A technology company dedicated to removing friction in financial exchange, Algorand Inc. is powering a financial evolution by enabling the creation and exchange of value, building new financial tools and services, while providing responsible privacy features. For more information, visit www.algorand.com
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