Scannit, a pioneer in digital financial identities, has announced the open beta launch of its innovative financial management app at the upcoming Token 2049 event in Singapore starting 18 September 2024. The Scannit app helps users track their spending while rewarding them with SCAN tokens for their data contributions, enabling a new data economy.
The app launch follows Scannit’s admission to the IoTeX Accelerator Cohort and certification as a Google Web3 Startup. These affiliations provide Scannit with strategic guidance, technical support, access to cutting-edge resources, and a global network, strengthening its credibility and ability to innovate in the rapidly evolving Web3 landscape. With a recently closed 7-figure funding round, Scannit is well-positioned for rapid growth and global expansion.
The Scannit app allows users to have complete transparency and control over their financial data, allowing them to decide who has access to their data at any time. The app reduces manual financial tracking efforts through automation. Users are rewarded with SCAN tokens for sharing their data, creating active and incentivized participation in the value chain.
The launch of the open beta in Singapore is the first step in Scannit’s plan to onboard at least 10,000 users during the beta phase and reach a target of 100,000 users by the end of the first quarter after launch.
“Our innovative app is redefining the relationship between consumers and their data. With Scannit, users don’t just manage their finances; they own their data and earn money from it,” said Karl Nowak, CEO and founder of Scannit, adding, “We want to give that power back to users. So you have to choose to give that data away if you want to. And if you do, you have to get adequate compensation for it.”
Moving forward, Scannit plans to introduce AI-powered financial advisory tools to further help users manage their spending habits, improving user experience and engagement. The company is also working on integrating additional partners to expand its ecosystem, targeting diverse user profiles while delivering on its core promise of full data ownership for users.
Users interested in discovering the future of financial management can Join the Scannit Waiting List for the launch of the open beta planned for Token 2049.
About Scannit
Scannit is a pioneering technology company based in Atlanta, Georgia that is revolutionizing digital financial identities. Its “Scan to Earn” model rewards users for scanning receipts and verifying transactions, transforming everyday expenses into valuable rewards. Scannit enables businesses to ethically and authentically access valuable data insights while respecting user privacy and consent, enabling a fair and transparent data economy.
For more information, visit www.scannit.io.
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