TikTok is the world’s leading destination for short-form mobile videos. Their mission is to demonstrate the creative power and knowledge of the world by capturing important moments in everyday life.
Why is it important?
In the ever-changing media landscape, many platforms come and go. In late 2017, Tiktok merged with Musical.ly after being acquired by Chinese company ByteDance. While Tiktok doesn’t appear to be much different from other short-form video sharing apps, it has attracted consumers with its tendency to binge-watch video content. It focuses on vertical, fast, engaging video content that is both user and smartphone friendly, which may be the reason why it has grown rapidly since its release.
Designed for the young generation who love music and creativity, Social networks allow users to easily and quickly create unique short videos to share with friends and young people around the world. TikTok is the new video social networking standard for creative young people. They strive to make creative minds part of the content revolution.
TikTok app hit 1 download rate in February 2019. By April 2020, the number of downloads reached more than 2 billion in the world. After 1 year, the number of downloads for the TikTok app has doubled. By the end of the first quarter of 2020, TikTok reached 58% with 315 million downloads. On the Apple App Store, TikTok beat big names like Youtube, Instagram, Whatapss… with 33 million downloads. Advised on the list of most downloaded app games in 2018.
To meet the needs and trends of payment and gift applications, TT-Swap has launched 157 billion tokens, aimed at the community of these ecosystems.
Users’ videos, if loved by many people, can receive a gift, TT performs marketing and connects gifts for users.
Token concept for the future
Understand the importance of elements in social media, so there is quite a big update in the works. Over the next year, the development team will roll out a number of improved systems of creating accounts, lists of friends and redeeming gifts, and circulation of TT strongly. TT-Swap’s goal is to foster a sense of community where users can come together to share ideas of interesting activities, cryptocurrencies or anything else they would like to discuss. Developers will have direct access to interact with these social channels to offer services, support and even community participation events such as promotions campaigns or gifts.
Developers can integrate TikTok TT’s platform payment services into their DApps. The purpose of this function is to make any payment as easy as possible, comparable with simplicity Make in-app purchases on the iOS and Android app stores. Users can pay using cryptocurrencies in their wallet or from their credit, debit or bank card account. Users will be able to easily withdraw their cryptocurrencies to their personal wallets at any time they want.