The Japanese Blockchain startup "VALU" offers a platform where your value, based on Social Media Followers, can be traded.
The new FinTech service lets anyone calculate their value based on the number of followers on different social media platforms.
The value can then be shared or traded, once the stock (VA) is listed on the VALU market.
In other words: VALU rewards social media influence.
You can visit the website here: www.valu.is
VALUE functions as a communication tool for individuals to overcome financial obstacles, and realize their dreams and goals through the support of VALUERs who invest in them. Users of VALU may interact with their VALUERs using special offers and perks.
What is the concept behind VALU ?
Crowdfunding has become huge in the last decade. Between 2012 and 2015 alone, platforms like Kickstarter and Indiegog have grown over 13 times in size, for financial terms.
But VALU is a platform for individuals who 'are looking to realize their potential without a specific product or project.'
The idea is to create a communication platform between investors and users with a social media influence, who are looking to 'overcome financial obstacles.'
So people can essentially receive funding in BTC. The amount of funds available is calculated based on the Social Media Followers.
VALU is where you can easily find investors. If you are a VALUER who invests in diamonds in the rough, you will be able to enjoy exclusive perks and substantial returns upon the success of the VALU issuers you are supporting.
About VALU
VALU Inc was established by Kohei Ogawa at the end of 2016.
After graduating Keio University Graduate School of System Design and Management, Ogawa lived in the USA for a while to work on a very popular mobile game as an engineer.
When he returned to Japan, he started multiple new businesses and began to develop services including Blockchain technology.
Perhaps many people still feel doubtful about services that use Bitcoin. To me, this cryptocurrency holds massive potential. As long as you have internet connection, anyone around the world can use the first currency that is not managed by any country. In other words, people are freed from the limitations of living in a region with weak financial status or currency, and can trade equally with one another using this common currency.I hope VALU will be the first step towards the realization of crossing geographical boundaries and supporting one another on an individual basis.
-Founder Kohei Ogawa about VALU
Conclusion / Personal experience
I think the concept of VALU has a lot of potential.
Valu recognizes the importance of social media followers and rewards it, which is a great start.
But in my opinion it still lacks simplicity - the user experience definitely has to be improved.
The site is still quite confusing for new users (especially those who are new to cryptocurrency) and what they lack is an easy start guide or an animated video which explains the whole concept.
I have personally signed up at VALU to test it about a month ago, it took a few days until my account got approved, but then ths site temporarily went offline.
I checked back today and discovered that valu.is is fully functional again now, so for any Steemians that want to sign up, give it a try!
VALU has a great concept and I'm sure that it could become a very successful project if they work on their user experience and make the structure more clear and simple for new members.
What do you think?
© Sirwinchester