Carnival Group and 8secondz, the short video app, are launching 8coin in a bid to reward creators who win challenges, onboard new users and introduce their own music to the platform.
As creators win challenges and interact within 8scondz they can each earn 8coin, which then appears in their in-app wallets. 8coin can be used to redeem a range of prizes including Amazon vouchers and purchase premium in-app features and functionality.
“We’re excited to be launching 8coin in India to reward creators who win challenges, upload their own music to the platform and build their communities within 8secondz,” says 8secondz CEO Tom Godfrey.
“This offers a great opportunity for creators to start building the balances of their in-app wallets and have their creative achievements formally recognised.”
One way creators can earn 8coins through the 8secondz ‘Refer and Earn’ program. Through the program if you refer someone to the app who then enters three challenges and watches a set number of videos, you both earn 8coin.
“If you’re looking to be rewarded for the time you spend creating and watching short videos, the 8secondz Refer and Earn program could be just the thing you’re looking for,” Godfrey said.
8secondz allows users to access Amazon vouchers and purchase premium in-app features and functionality. Among the premium features is the ability to unlock songs from emerging artists, who then get a percentage of the transaction.
“As a talent discovery platform, we want to reward and recognise emerging artists and one way we can do this is through allowing them to paywall their songs and earn as users unlock and create videos with their tracks,” Godfrey said.
“We’re delighted to announce that emerging US Hip Hop artist, Te Atana, is the first creator to add tracks behind the 8coin paywall.”