Month-Long Contest to Map Austin’s Points of Interest Will Award Bitcoin Prize Pool Worth over $50,000

Crowdsourced mapping company to incentivize people to map more
than 10,000 places with MapAustin contest from March 1-31

Prize pool to go to top 50 participants with winner receiving 2
Bitcoin

AUSTIN, Texas–(BUSINESS WIRE)–StreetCred,
a crowdsourced mapping company, today announced MapAustin,
a month-long contest for Austin’s residents and visitors to map over
10,000 of the city’s points of interest for Bitcoin prizes. Users can
download the StreetCred app, available for iOS
and Android
mobile devices, and begin earning points on March 1st by creating,
improving and validating places throughout Austin, including shopping,
dining, and outdoors & recreation destinations, among others.
Leaderboards will track users’ positions in real-time, building
competition across the city for the most contributions.

“Accessible point of interest data is a critical component of our
everyday lives and our businesses, but it’s controlled by very few
companies and the quality varies tremendously from market to market,”
said Randy Meech, Co-Founder of StreetCred. “We have developed a
platform that incentivizes people to participate in the creation and
real-time maintenance of place data so that all of us have maps that
better represent reality.”

The top 50 MapAustin participants will win a share of a 15 Bitcoin prize
pool, with the winner at the end of March winning 2 Bitcoin (valued at
the time of release at 6,739.47 USD*). All of the data captured during
MapAustin will be added to a decentralized marketplace for the world’s
point of interest data. All legal residents of the US who are in Austin
during all or some of the contest dates can participate.

StreetCred’s mission is to create a global marketplace for the world’s
point of interest data. MapAustin is the company’s third data-collection
contest. MapNYC, StreetCred’s first contest, took place in Fall 2018.
Over 750 people from all over New York City created and validated over
20,500 unique places within services, shopping, dining, travel, outdoor
& recreation, nightlife, civic, education, and arts & entertainment
categories. StreetCred also conducted MapCES, a three-day
data-collection contest at the 2018 Consumer Electronics Show in Las
Vegas, during which participants edited points of interest and map
indoor locations.

MapAustin by StreetCred will begin on March 1, 2019, and end on March
31, 2019. For more information about MapAustin by StreetCred, visit https://events.streetcred.co/mapaustin/
or on Facebook @streetcredlabs,
on Instagram @streetcredlabs,
and on Twitter @streetcredlabs.

About StreetCred

StreetCred is a decentralized marketplace for the world’s point of
interest data. Through incentivized crowdsourced data capture and
validation, StreetCred creates and maintains high-quality location data
accessible to businesses, consumers and application developers.

*The value of Bitcoin fluctuates on the Bitcoin price index.

Contacts

Cultivate PR / 512-213-0212

Sam Davidson / 512-689-7668
sam@cultivatepr.com

Samantha Foster / 512-670-6744
samantha@cultivatepr.com

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