SINGAPORE / ACCESSWIRE / July 3, 2018 / Youdeal, the first global consumer-to-consumer (C2C) individual trading platform based on blockchain, recently organized a road show in New York Times Square. The developers of Youdeal maintained that the NYC Times Square Road Show is just beginning of a series of road shows which they will organize across different cities in the USA, Japan, China, South Korea, Taiwan, Hongkong, Singapore and so on. The grand road show was organized last week in Times Square to promote Youdeal in North America, the owners confirmed.
The blockchain-based global individual trading platform has already attracted tens of millions of dollars in investments from more than ten prestigious institutional investors such as Coinegg, Hyper Fund, Skycc Fund, Daex Fund, Bitgogo, Xingyao Capital, Galaxy Capital, Shuliancapital, just to name a few.
As a trading platform with social networking and transaction integrated into it, Youdeal has become a perfect case in point of global application of token economy. According to Youdeal developers, in addition to resolving the current issues that are hindering the broad-spectrum growth of the industry, the most significant meaning of blockchain that youdeal valued is to provide a definitive solution to completely subverting the production relationship of the original model and giving traders a better choice.
"In blockchain ecosystem, consumers and producers are no longer two parties with opposing interests but a community of shared interests. Furthermore, the popularity of token economy will establish a mutually dependent and win-win relationship between them. The contradiction between enterprises and users will be mitigated to a great extent. In Youdeal ecosystem, the use of token will enable consumers, services providers and business owners to form a perfect unification. We are committed to create the real shared economy for both consumers and producers," said Ken Dong, the chief adviser of Youdeal.
In addition to bringing a wealth of industry experience and the solid expertise in blockchain technology to the table, there is another reason that Youdeal has been favored by so many investment institutions, according to the developers. "Youdeal has a very powerful strategic partner - Yuedan, which is a mobile app that has got an active user base of 50 million people in 400 cities globally and was launched three years back. Yuedan currently connects individual services providers with consumers directly in over 300 categories such as fitness training, plumbing, accounting services etc. It has completed deals worth more than 100mn USD and the platform itself is worth more than 10bn USD. Yuedan can be dubbed as a C2C trading platform unicorn in China. Its number of users is increasing not only in China, but all over the world. The app is now at number seven in iPhone apps rankings, and the app has already surpassed Telegram in terms of number of active users. The integrated model of social networking and trading is bound to generate more economic energy in the future," Ken Dong added.
Apart from digging deeply into the Chinese market riding on the growth of Yuedan, Youdeal management has shown great interest in flexing its muscles in overseas markets. "Youdeal's Times Square Road Show provides testimony to the robust financial growth of the company. With a strong executive team and a steadily growing users' community, it is only a matter of time that Youdeal would trigger a debate on the integration of social networking and trading worldwide," said a company spokesperson on the sidelines of the grand road show.
SOURCE: Youdeal