We have all seen the rise of crowdfunding over the internet, most notably services like Kickstarter and Patreon that offer donators rewards and incentives in return for their pledge.

However now there is a new game in town and it’s called The Blockchain.

It is well known that Bitcoin has been used to request donations for a while, bloggers and content creators often slap their Bitcoin address/qrcode on their site and humbly ask for any spare “bit” change the reader may have.

For some users this works great but a few glaring problem still exist that cannot be ignored.

1. The donation is truely altruistic and the donator gets nothing in return

2. It’s difficult for the receiver of the tip to know who sent it and how to say thank you.

A new startup called IndieSquare seems to have the answer to those problems.

Built on the Counterparty platform the IndieSquare wallet app lets users create their own currency or token and it is built on the Bitcoin blockchain, meaning that their token inherits all the decentralization and security that Bitcoin benefits from.

Once a content creator creates their own token they can use the IndieSquare TipMeTipYou button to ask for tips in return for their token.

MandelDuck a startup I work in is giving this new paradigm a test run using the TipMeTipYou button to crowd fund the Android build of their popular Bitcoin tipping game SaruTobi.

When a user donates/tips Bitcoin using the TipMeTipYou button MandelDuck will return Sarutobi coin back, the more a user donates the more Sarutobi coin they will receive.

This Sarutobi coin enables users to unlock features in the game and also gives them future privileges as well as having a market value like Bitcoin that could rise.

You can think about it similar to a membership, the more Sarutobi coin you hold the higher your membership is, furthermore like a stock the more coins you have the more invested you are in the game, if Sarutobi’s popularity increases then Sarutobi coin will also become more valuable.

I can imagine a time when cryptocurrency is no longer considered or used as just a currency, in this aspect it has the potential to replace the old system of fan clubs and point cards and let content creators easily create a decentralized and limited membership club that anybody can join and benefit from.

You can checkout the tip button by visiting their website, why not donate some bitcoin and get some SaruTobi token in return?