LOS ANGELES, July 30, 2019 /PRNewswire/
-- SRAX (NASDAQ: SRAX), a digital marketing and
consumer data management technology company, today announces that
users of the BIGtoken app can officially be paid in cash
or gift cards in exchange for giving brands access
to their anonymized data. Many users who've been
dedicated to answering questions, checking into locations,
recruiting new members, and more, can deposit their earnings
directly into their PayPal accounts or be paid through gift cards
from their favorite retailers, such as Walmart.
"Today, BIG has changed the consumer data ecosystem forever,"
said Kristoffer Nelson, COO of SRAX
and co-founder of BIGtoken. "Allowing consumers to experience the
value of their own data, in real dollars, not cents, is the final
component in the transparency, choice, and compensation consumer
promise we made when we created BIGtoken. As of now, there are some
consumers who have hundreds of dollars in their BIGtoken wallet
which they can now claim for their verified data. That is simply
unheard of in any other platform and we're proud to be the first to
make this a reality for consumers everywhere who deserve to be
compensated for the data provided to brands – now with true
consumer consent."
U.S. users can sign in to the BIGtoken app where they'll see
exactly how much they have earned. Their earnings reflect the value
of their data in U.S. currency. From there, they have two choices,
they can enter the email address associated with their PayPal
account and submit a transaction for money to be deposited, or they
can choose the gift card amount they'd like to receive from their
favorite retailers and have digital gift cards sent to them via
email. The best part is earnings do not expire, so users can
continue to build up the value of their data with no pressure to
take action or use immediately.
Other Requirements:
- Users must be a BIGtoken member for at least 30 days
- Users can only be paid 25 percent of their total wallet value
every 30 days
- Users must have a minimum of $21.00 in their wallet to participate in using
this feature
- Users must have a verified U.S. phone number and email
address
- Users must have a U.S. PayPal account to use points in their
wallet in exchange for U.S. currency
- Currently, payments are limited to U.S. users, but the Company
expects that users in other countries will be able to receive
payments by the end of summer
To download the application, please
visit:https://bigtoken.app.link/pressdownload, or to access BIG
from the web you can visit: my.bigtoken.com.
About SRAX
SRAX (NASDAQ: SRAX) is a digital
marketing and consumer data management technology company. SRAX's
technology unlocks data to reveal brands core consumers and their
characteristics across marketing channels. Through its blockchain
identification graph technology platform, BIGtoken, SRAX has
developed a consumer-managed data marketplace where people can own,
verify and sell access to their data thereby providing everyone in
the Internet ecosystem choice, transparency, and compensation.
SRAX's tools deliver a digital competitive advantage for brands in
the CPG, automotive, investor relations, luxury, and lifestyle
verticals by integrating all aspects of the advertising experience,
including verified consumer participation, into one platform. For
more information on SRAX, visit www.srax.com.
About BIGtoken
BIGtoken, built
by SRAX (NASDAQ: SRAX), is a consumer data management and
distribution system. BIG is the first consumer managed data
marketplace where people can own, verify, and earn from their data.
Through a transparent blockchain platform and consumer reward
systems, BIG provides consumers choice, transparency and
compensation for their data. Participating consumers earn rewards,
and developers are able to build pro-consumer online experiences on
top of the BIG platform. The system also provides advertisers and
media companies access to transparent, verified consumer data to
better reach and serve audiences. For more information on BIGtoken,
visit www.bigtoken.com.
Safe Harbor Statement
This press release contains
certain forward-looking statements that are based upon current
expectations and involve certain risks and uncertainties within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. Words or expressions such as "anticipate," "plan," "will,"
"intend," "believe" or "expect'" or variations of such words and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties, and
other factors, some of which are beyond our control and difficult
to predict and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements,
including, without limitation, statements made with respect to
expectations of our ability to increase our revenues, satisfy our
obligations as they become due, report profitable operations and
other risks and uncertainties, as set forth in our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, as filed with the
Securities and Exchange Commission. All forward-looking statements
involve significant risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements, many of which are generally outside the control of
Social Reality and are difficult to predict. Social Reality
undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACTS:
Kirsten
Chapman, LHA Investor Relations, 415.433.3777, srax@lhai.com
Nicole Rodrigues, NRPR Group,
650-815–5069, Nicole@nrprgroup.com
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SOURCE Social Reality, Inc.