The Raiinmaker blockchain project has achieved another milestone as it seeks to deploy a blockchain-based platform for people to get rewards for effective social media engagement.
Raiinmaker announced that its Proof of Influence (PoI) protocol successfully passed stress tests administered by the security team of Zokyo. Zokyo is a cybersecurity agency that performs smart contract audits and penetration testing to ensure that the networks are secure and meet the required standards. J.D. Seraphine, the CEO of Raiinmaker, announced the outcome of its smart contract audit, saying that the successful evaluation confirmed the efficiency of the PoI protocol on which smart contracts on Raiinmaker run.
Raiinmaker aims to disrupt the social media advertising space by being a social engagement platform that rewards all its users. The platform will connect brands, creators and fans in one network. It is estimated that in 2022, social media-based influencer marketing will have a market value of $15 billion. Unlike in traditional platforms where celebrities and the captains of industry control influencer marketing, anyone can be a social influencer on Raiinmaker and receive rewards via the Coiin token.
The Coiin token is found in the reward pool of the Raiinmaker app and is used to finance marketing campaigns as well as pay those who can perform effective engagement with their network. The Coiin token is also the reward token for the staking model on Raiinmaker, allowing those who stake on Coiin to earn passive income.