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SAN FRANCISCO, CA — July 18, 2018 — On Monday night at 8:30pm PST, ContentBox (BOX) launched exclusively on leading global digital asset exchange Huobi Pro and began trading for the first time. In the first 24 hours of listing, total trade volume exceeded 160 million BOX and the asset peaked at a gain of +497% on its token generation value of 1:19,000 Ether to BOX. At the time of this release, BOX is trading at a gain of +200% on its pre-listing value. There are currently 750 million BOX in circulation out of a total supply of 3 billion BOX.
Special Launch Promotion
As part of the launch promotion, Huobi Pro will be rewarding users based on their cumulative BOX trading volume during the first 24 hours. Successfully registered and verified users who actively trade BOX, whether buying or selling, will receive 1:1 matching BOX rewards up to 600 BOX per user. Interested users can register for the special promotion on Huobi Pro here.
A Digital Content Blockchain
BOX is the underlying asset of ContentBox, a digital content platform created by Castbox, an award-winning podcast app with 17 million users worldwide. ContentBox aims to decentralize the digital content industry and tackle the biggest pain points in the digital content industry—creator monetization, user incentives, and content ownership—through a unified payout system, a shared content pool, and a shared user pool.
The core functionalities of ContentBox include BOX Payout, a borderless and secure payment transaction network, BOX Passport, a cross-platform identity and attribution gateway, and BOX Unpack, a turn-key content management solution for publishers.
ContentBox was created out of a need for more transparency and accountability in the content industry and comes at a critical juncture for digital media. Major platforms are gaining more control over the way content is distributed and monetized, making it increasingly difficult for independent creators to build a following and monetize their work.
As ContentBox builds is digital content chain, BOX will be the core incentive that rewards users and creators for their contributions to the community, starting with the Castbox community. ContentBox enables Castbox’s community of 17 million users to earn BOX for inviting friends, sharing content, listening to podcasts, commenting on episodes, upvoting shows, and more. BOX can be used to reward creators through donations, unlock bonus content, and purchase premium subscriptions.
In the near future, ContentBox will also enable publishers to more efficiently distribute and monetize content, reduce transaction fees, automate payments with smart contracts, and give users new ways to engage with their favorite creators.
In a major vote of confidence in the project, ContentBox received backing and support from the most prominent investors in the crypto and blockchain space, including Nirvana Capital, Node Capital, BlockVC, LinkVC, ICONIZ, JRR, and Fenbushi Capital founder Bo Shen.
The BOX listing on Huobi Pro is a testament to the continued confidence in ContentBox, as only .0001% of the 287,000+ crypto projects make it onto the exchange. “We’re incredibly honored to be listed on a premier exchange that selects only the best projects with the most potential,” said Renee Wang, co-founder of ContentBox. “This was a huge achievement for the team but we’re getting right back to work to deliver on the promises we’ve made to our users and creators.”
For more information about ContentBox, visit:
Official Website: https://contentbox.one/