COIN is a geomining app that rewards users for validating geospatial location data while traveling, jogging, or moving around. The Coin app then allows users to exchange their earned coins for digital or physical goods. The company offers an attractive payout system and a leaderboard to encourage users to continue using the Coin app.
Although the app is free to download, most users will need to upgrade to a premium subscription to maximize their earning potential. COIN’s premium offerings include a variety of different rewards that can be redeemed for cash, Amazon gift cards, or other digital products. The Coin app also provides in-app purchases and free-to-play challenges that reward players for meeting certain milestones.
The Bitcoin services firm is based in Panama and was founded by Erik Voorhees who is the founder of several other Bitcoin startups including ShapeShift, Coinapult, and Twitter-based cryptocurrency advertising platform FeedZeBirds. The company’s web wallet, merchant services and payment processing offer consumers a simple and secure way to buy and sell BTC. In addition, the company recently created Locks which allows Bitcoin users to eliminate price volatility by linking their BTC to more stable fiat currencies and assets.
Currently, Coinapult has raised $775K in funding over 1 round. Its investors include FirstMark. The Coinapult app has been active since 2012 giving it a long career in the crypto space. In terms of security, the company has partnered with Crypto Capital to ensure that users funds are safe.