Newly Launched SocialxBot Cryptocurrency Enables Financial Transactions via Twitter

The decentralized cryptocurrency offers the innovative ability to send and receive secure, anonymous funds by merely "tweeting."

NEW YORK, NY, September 18, 2014 /24-7PressRelease/ -- The cryptocurrency universe has broken new ground, thanks to an innovative coin known as SocialxBot (www.socialxbot.com). The currency is the first in history to use a Twitter bot that lets users send or receive cryptocurrency funds on the Twitter social networking platform.

Much of the value to investors and utility for users of cryptocurrency lies it the ability to deeply penetrate markets and gain widespread use. But the unique socially-powered characteristics of SocialxBot give it a tremendous advantage in that respect, since Twitter already boasts more than 271 million active monthly users. As soon as the first coins were minted SocialxBot leveraged the existing market breadth and depth of the well-established and extremely popular Twitter platform. That immediately put SocialxBot currency capability in the hands of every single person who has a Twitter account.

Anyone who uses Twitter will automatically be able to send funds, anywhere in the world, instantly. Users can also receive SocialxBot coins with their Twitter account without downloading the client's wallet, so there is no extra steps involved to ensure that the recipient gets the funds.

Instead of traditional mining, the currency's Twitter bot sends coins from the genesis block to all SocialxBot participants, and a million coins have been reserved for SocialxBot Mining. To invest, all the user has to do is "follow" the "@xbotme" address on Twitter. The cryptocurrency system will then reciprocate, and a direct message can be sent to SocialxBot using the command "btaddress." Once that has been done a deposit address is established and deposits can be viewed after six confirmations. From then on it is possible to check balances in the SocialxBot account by just using Twitter.

Anonymous transactions are also layered into the SocialxBot to allow private and secure transactions across all social media platforms. Anonymity is one of the key features that many cryptocurrency uses want. That is, after all, how the alternative types of currency received their name which implies that the funds are cryptic.

The launch of SocialxBot has the potential to do what no other cryptocurrency has done, bridging the developmental gap between cryptocurrency exchange and the sharing of social media data. A successful integration of those two powerful concepts promises to fuel the adoption rate of SocialxBot on Twitter as well as onto other connected social media networks. That can make SocialxBot currency extremely popular, while it simultaneously presents an extraordinary opportunity for investors who want to capitalize on a rise in value triggered by increasingly high demand.



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