Permission Interview: New E-com Marketplace Compensates Users in Crypto for Time and Data

Permission.io, a digital marketing and e-commerce platform that has received more than $46 million in funding, recently announced the launch of its new online marketplace where merchants reward consumers for their time and data.

The Permission.io platform connects users with products from over 1,000 retailers, including Target and Walmart. The company’s management says it’s planning to transform the existing digital marketing ecosystem in order to level the playing field for consumers. The Permission marketplace compensates users with its own native currency, called the ASK token, which may be used within the platform.

Charlie Silver, CEO of Permission.io, has been building companies while also helping investors access liquidity for almost 30 years. Charlie was also the host of a radio talk show on KOGO, the biggest radio station in Southern California.

Silver recently shared his views and insights with BitcoinExchangeGuide. He explained how the Permission.io platform works and how it’s different from traditional platforms that do not fairly compensate consumers for their contributions.

BitcoinExchangeGuide: On the permission.io website, you mention that instead of merchants paying third-party centralized platforms like Google and Facebook to reach consumers, merchants engage and compensate consumers directly with ASK. Please explain how this token economy works and tell us more about how your platform works.

Charlie Silver: “Ownership and data sovereignty are the guiding principles and rules of our token economy. All markets succeed or fail based upon well-understood and fairly-applied rules. Permission abides by the rule that the individual should always be compensated for their time and data, scarce resources that have been monopolized and exploited by the major platforms. Our Permission-based economy reverses that model and puts the individual back in control.

On our platform, merchants bid for customers' time by offering them ASK to shop and click on their product ads. By ‘Asking Permission’ versus interrupting, merchants can build trust and long term relationships. As Merchants participate more and more on our platform, they will find more and more use cases for ASK. For example, email communication is essential for businesses to communicate with their customers. Instead of spamming, in our economy, businesses can obtain permission to engage their customers by offering them ASK to open emails.”

BitcoinExchangeGuide: Why should people invest their time and provide data to your platform given that they use so many other apps during their day like Facebook, Twitter, Youtube, etc. What's unique about your platform and why should people take time out to learn about it?

Charlie Silver: “For years, the major platforms and the biggest companies in the world have been built on individuals' time and data. That trend is reversing: people are becoming increasingly aware that they should be compensated for these assets. On Permission, our users are rightfully paid for the time and data that they currently give away to the major platforms for free.”

BitcoinExchangeGuide: On your FAQ page, you mention that ASK is a coin on the independent Permission blockchain. The Permission blockchain is a fork of Ethereum so ASK is much like Ether. Tell us about why you decided to fork the Ethereum protocol instead of simply issuing an ERC-20 compliant token.

Charlie Silver: “We created our own blockchain based on Ethereum because of the economics involved. If we used pure Ethereum, the price of gas / transactions would take away what the individuals on the platform can earn.”

BitcoinExchangeGuide: On your FAQ page, you explain why you use the ASK token instead of fiat money:

“Fiat currency is inherently opaque and subject to manipulation. ASK, powered by the Permission Blockchain, provides financial transparency and increases the efficiency of conducting business globally. Most importantly, ASK can be used in any transaction in which the asking and granting of Permission should be involved.”

Why not just use Bitcoin considering it is the most dominant and established cryptocurrency on the market?

Charlie Silver: “Using Bitcoin (BTC) or USD would not make economic sense, as it would take billions of capital in order to compensate users. Our goal is to create a new economy based on a new currency, where all the participants benefit from the growing network and utility of that currency.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Omar Faridi
Omar Faridi
I enjoy writing about all topics related to Bitcoin, Blockchain, and other cryptocurrencies. The topics that interest me most are crypto regulations, quantum resistant blockchains, Ethereum and Bitcoin Core development, and scams orchestrated under the guise of ICOs. My academic background includes an undergraduate degree in Computer Science, with a minor in Mathematics from the University of Nevada, Las Vegas. I also possess a Master of Science degree in Psychology from the University of Phoenix. I've been writing about cryptocurrencies and distributed ledger technology (DLT)-based platforms since December of 2017. To date, I have written about 800 articles - which have all been published. I have also edited about 300 articles. While completing my academic coursework, I engaged in independent study programs focused on public-key cryptography and quantum computing. My professional work experience includes working as an application developer for the University of Houston, data storage specialist at Dell EMC, and as Teacher of Mathematics in the United States, China, Kuwait, and Pakistan.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,230FansLike
2,564FollowersFollow
4,065FollowersFollow

Live Bitcoin Price & Latest BTC Chart News

Today's Latest Crypto News

Latest Analytics Shows 64% Of Controversial Stablecoin USDt Supply Controlled by 119 Addresses

Tether’s stablecoin ‘USDT’ continues to dominate this segment of the crypto market according to the latest statistics. However, questions on its decentralization inadequacy has...

NYAG Responds To Bitfinex, Tether Calls The Case A ‘Highly Misleading Factual Presentation'

The New York Attorney General Office (NYAG) has responded to Bitfinex’s appeal to have the authority stop the ongoing investigations against them and Tether....

EU’s Upcoming AML Regulation Forces Bitcoin Payments App Bottle Pay to Shut Down

EU’s 5th anti-money laundering directive coming into effect on 10th January 2020 To not force this onto the community, Bottle Pay will cease...

Africa’s First Stablecoin is based on Nigerian Naira & Built on Binance Chain

The very first stablecoin of Africa is backed by Naira, the fiat currency of Nigeria and it will be built on Binance Chain, the...

Libra Whitepaper Gets Updated, Association Members Won't Get Paid On Reserve Asset Profits

The new whitepaper doesn’t use interest to pay early investors, which are predominantly involved in the Libra Association. The interest will still go...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.