With Boost Mobile, you can now pay part of your phone bill with “blockchain-backed” Boostcoins, earned by watching ads and playing games (via CNET). In a press release, the carrier says you can get BoostCoins by downloading the new BoostOne app and then interacting with Boost Mobile’s games, ads, and partners from within the app.
But don’t get too excited just yet – one Boostcoin is only equal to one cent. In other words, you’ll probably have to devote a lot of time to the app if you want to make significant savings. As stressed by CNET, if you watch an ad lasting several seconds, you will receive two Boostcoins. There is also a wheel of fortune-Style spin & win Game that rewards players with five cents up to $5 on a single spin. It’s unclear if there are restrictions on how many games you can play per day and how many ads you can see.
- “This isn’t Dish’s first attempt at breaking into the Web 3 space”
“This represents an exciting new business model and a stepping stone to the future for wireless consumers,” said Stephen Stokols, CEO of Boost Mobile, in the press release. “Most telcos rely on subscription models, but it’s time to move beyond the old ways and embrace proven digital models that are popular in other industries.”
Boost Mobile plans to let users share Boostcoins with each other in the future and will eventually include other ways to redeem the coins such as: B. exchange for a free phone. It’s still not entirely clear how Boostcoins will be powered by the blockchain, and Dish (Boost’s parent company) didn’t respond immediately The edge‘s request for comment.
This isn’t Dish’s first attempt at breaking into the Web 3 space, and (unfortunately) it looks like this is just the beginning. Earlier this month, Dish finally launched its 5G network, dubbed Project Genesis, in Las Vegas. It has introduced a companion app that offers playful ways to help the company fine-tune the network, which offers some rewards for participation – including NFTs.
Last week, Boost CEO Stokols announced the company’s new postpaid cellular plan, Boost Infinite, coming this fall. Stokols hinted at letting users pay for their new phones with cryptocurrency and allowing users to exchange their unused data for digital currency. Dish is currently in the process of slotting between T-Mobile, Verizon and AT&T to become the fourth major carrier option in the US, and the deadline to cover 20 percent of the population with its service is fast approaching.