[2015-06-16] CD: Reveal Raises $1.5 Million for Crypto-Powered Social Network

[Grand_Voyageur]

Reveal Raises $1.5 Million for Crypto-Powered Social Network

Cryptocurrency-powered social network Reveal has closed $1.5m in seed funding from investors including Mike Hirshland of Resolute Ventures, Boost VC, Digital Currency Group and the Stanford StartX Fund.

Founded by Matt Ivester, former CEO of social network Kindr as well as college gossip news site JuicyCampus, and Kindr CTO Josh Beal, Reveal is perhaps best described as a visually oriented, Q&A social mobile app.

Like Instagram, SnapChat, Vine and other new social media incumbents, Reveal targets users in high school and college. Unlike these market leaders, Reveal's posts offer a unique combination of doodles, photos, video and cryptocurrency.

Full story: http://www.coindesk.com/reveal-1-5-million-crypto-snapchat/

[EternalWingsofGod]

An interesting idea, developing a social network with crypto
Revealcoin seems like a different idea, I guess it will still be a matter of time to determine if this really gains traction or not.

[Kprawn]

This is acctually not a bad idea... They also have a proven track record, so it should be something good.

Why do they need to use a token system backed by Stellar? I would rather use Bitcoin directly.... People convert Stellar to Bitcoin anyway.

I have loads of ideas with Social media and monetizing content in the most productive way, and would do a lot with $1.5 Million. 

Good luck to them... It's geared towards school children.