CryptoBunnies: China's Xiaomi Launches CryptoKitties Knock-Off
Xiaomi, one of China’s biggest smartphone manufacturers, has quietly launched its own CryptoKitties knock-off early today.
Xiaomi said in a service agreement that, to begin with, it will only issue a limited amount of digital pets, beginning at 11:00 a.m. Beijing time every day. The number available every day is as yet undisclosed.
Xiaomi also especially highlighted that the platform prohibits any fund raising or swap between fiat and cryptocurrencies through the new digital pet, a movement that follows the China’s current ban on first coin offerings and also cryptocurrency trading.
Dubbed Jiami Tu, (or CryptoBunnies( in translation), the service allows users with Xiaomi account to adopt digital rabbits with unique layouts and built in lack to a blockchain system that stores the transactions for every adoption. But it’s uncertain at the moment whether the company is employing a private or public blockchain to support the product.
Published at Wed, 14 Mar 2018 09:00:11 +0000
CryptoBunnies picture via Xiaomi
Even with a somewhat subdued launch for its testing phase of the new service, it seems to have seen enthusiastic participation from users, with all the CryptoBunnies available for today being embraced within an hour of their service beginning.
The CryptoBunnies launch follows a similar move by the nation’s hunt giant Baidu, which rolled an crypto dog support in early February.
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The service marks growing pursuits from Chinese enterprises at stepping up efforts to develop blockchain applications as a way to test the emerging technology and boost consumer participation.
Xiaomi has combined the Linux Foundation-backed blockchain consortium Hyperledger in bid to utilize blockchain technology to increase the firm’s web solutions.