Mobicard Inc (OTCMKTS:PTOP) or Peer to Peer Networks launched a cryptocurrency just in time for the cryptocurrency craze. Who would have guessed a move like that? MobiCoin is the name of the coin and it is trading on the decentralized exchange. With all the recent ICO schemes, it would be wise to proceed here with extreme caution, especially since the stock continues to rocket upward on this news. But can it last?
According to the release, PTOP has capped MobiCoin’s total supply at 100,000,000 and plans to reserve 50,000,000 for individual paying subscribers in which users are incentivized and rewarded with a MobiCoin every time their MobiCard is shared and viewed by a unique mobile number. Essentially, users share the card on the social media or by text and are rewarded with MobiCoins.
Mobicard Inc (OTCMKTS:PTOP) promulgates itself as a technology-based mobile solutions provider serving business professionals with its proprietary SaaS mobile business card platform, branded C2A Mobicard.
The platform is a cloud-based solution that combines the power of social media sharing with text/SMS and e-mail marketing for business professionals and enterprises. A subscriber can custom create their business card to include a company logo, profile photo, contact details, website, audio messaging, social media links and multi-media content.
The platform sharing and alert system enable users to share their card via text/SMS, e-mail, and global social media sites including Facebook, Twitter, LinkedIn, Google+ and Pinterest. The system provides the user instant text alerts when their card is opened or shared to third-party referrals all while building an invaluable database of contact leads.
According to the release, “MobiCard Inc. fka Peer to Peer Network owns and markets its core technology, a SaaS mobile solution branded C2A MobiCard, a scalable mobile business card software platform that enables users to create a customized web-based personalized mobile app that is shareable by text SMS, email, digital and social media. Subscribers are able to track card opens, views and shares, all while validating and analyzing new leads and referrals in real time, thereby knowing who and when to follow up with.”
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Here is what the company said about the business prospects of the MobiCoin: When maximum issuance is attained, the Company will have reached 50,000,000 potential new subscribers all while capturing invaluable lead data to further advance its marketing efforts to drive subscriptions and profits.”
And more details here, verbatim from the press, “Users are able to share their MobiCard to their existing contacts and future connections by text message, email, digitally and on various social media platforms thereby enabling paying members to quickly begin earning hundreds if not thousands of MobiCoins that trade at a current price of $.13. When maximum issuance is attained, the Company will have reached 50,000,000 potential new subscribers all while capturing invaluable lead data to further advance its marketing efforts to drive subscriptions and profits. The Company believes that a conservative projection of new subscriptions at a ratio of .004 (1 of every 250 reached) which equates to 200,000 new MobiCard subscribers. Based on these calculations and monthly subscription rate of $7.99 per month, could thereby generate approximately $19 Mil in annual revenues.”
Mobicard Inc (OTCMKTS:PTOP) is probably riding the bitcoin wave and shows all signs of being not exactly illegitimate, but suspect. Yet, the stock is trading up and if more information can be gleaned about this coin and its substance than we will eat our hat, but in the meantime, I suggest watching from the sidelines. Sign-up for continuing coverage on shares of $PTOP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $PTOP, either long or short, and we have not been compensated for this article.