Make Sense Labs, a decentralized application firm backed by venture capitalist Tim Draper, now allows users of its social messaging app to earn rewards in crypto.
The app promises users use its native SENSE token to earn at the company by interacting online, connecting with others in different channels, inviting someone new and creating message threads. Crystal Rose Pierce, CEO of Make Sense, and wife of controversial cryptocurrency figure Brock Pierce, explained that the project was established in order to do away with third-parties that normally harvest users' data for companies like Facebook and social media platforms.
Crystal Rose Pierce, CEO of Make Sense and wife of controversial crypto figure Brock Pierce, said the project was created to be free of third-party data-harvesting typically associated with high-profile social media and messenger companies like Facebook. “We believe that a person’s data belonged to them, and the value of their data should belong to them,” said Pierce.
Through the use of Sense Chat, members can be in control of their experience, reward one another, and curate content using their SENSE tokens. Privacy has been violated by apps created with the intention of preserving users’ privacy."
Even messaging apps created with the intention of preserving users’ privacy have experienced massive breaches. Last year, Telegram suffered a data leak that exposed some personal data of its users on the darknet. While messaging app Signal accepts donations in crypto, Sense Sense Labs, a decentralized application firm backed by Tim Draper, now offers customers a cryptocurrency rewards program in its social messaging product. The company launched its crypto reward program on Monday on its Sense Chat app which had been in development since 2018.
SENSE, based on the EOS blockchain, is currently valued at a price of $0.005918 at the time of publication with a market capitalization of more than $10 million.