Hi guys, I'm a personal friend of the founder of CoinSplit.io. He's not a reddit user but I wanted to share some milestones and data that they've hit.To start off, CoinSplit is a way to automatically split Crypto transactions between friends and partners. I've used it for a couple of projects as a donation address. Automatically split between my two partners.Disclaimer, I'm not trying to get you to sign up and use CoinSplit. If you want to do so, cool. If not, also cool. Merely sharing a Blockchain project that has a real use case, and real users.From him, I've received the following data:CoinSplit has been in operation since 2013. In that time (at current prices) they've transacted 4700 BTC, close to 20m USD.This has taken place across 93000 transactions, resulting in an average transaction value of $200.With 1200 active users, the average user has transacted $15000. Although CoinSplit doesn't collect KYC/AML data, with this large of an average transfer value, we can conclude that the average CoinSplit user is a business, rather than a single person.Unfortunately, a hacker exploited a vulnerability in CoinSplit, and made off with 4 BTC. As unfortunate as this is, CoinSplit covered the losses from their own funds. To me, this is admirable for such a small service to do so.CoinSplit supports BTC, LTC, Doge, Dash and ZCash. If you had any requests, I'm sure he would consider adding them if there was enough demand.My use case is splitting some payments we get from our Dash masternode. I set this up with a few buddies, we use coinsplit to keep it fair. I don't have confirmation from the founder but I believe this is the most popular use case.Thanks for reading! I'm curious to see some discussion in the comments about blockchain projects (maybe dapps) that have real users. There is a lot of vaporware in Blockchain, but among that are some real projects. Do share.
Submitted March 07, 2019 at 07:02AM
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