Scannit to launch financial management app at Token2049, rewarding users with tokens for data ownership

 Scannit,
a
pioneer
in
digital
financial
identities,
has
announced
the
open
beta
launch
of
its
innovative
financial
management
app
as
part
of
the
upcoming
Token
2049
event
in
Singapore
from
Sept.
18,
2024.
The
Scannit
app
helps
users
track
spending
while
rewarding
them
with
SCAN
tokens
for
their
data
contributions,
fostering
a
new
data
economy. 

The
app
launch
comes
on
the
heels
of
Scannit’s
acceptance
into
the
IoTeX
Accelerator
Cohort
and
its
certification
as
a
Google
Web3
Startup.
These
affiliations
provide
Scannit
with
strategic
guidance,
technical
support,
access
to
cutting-edge
resources,
and
a
global
network
—enhancing
its
credibility
and
capacity
to
innovate
in
the
rapidly
evolving
Web3
landscape.
With
a
7-figure
funding
round
recently
closed,
Scannit
is
well-positioned
for
rapid
growth
and
global
expansion.

The
Scannit
app
enables
users
to
have
full
transparency
and
control
over
their
financial
data,
allowing
them
to
decide
who
has
access
to
their
data
at
any
given
time.
The
app
reduces
manual
financial
tracking
efforts
through
automation.
Users
are
rewarded
with
SCAN
tokens
for
sharing
their
data,
creating
an
active
and
incentivized
participation
in
the
value
chain. 

The
open
beta
launch
in
Singapore
is
the
first
step
in
Scannit’s
plan
to
onboard
at
least
10,000
users
during
the
beta
phase
and
achieve
a
target
of
100,000
users
by
the
end
of
the
first
quarter
post-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
from
it,”
said
Karl
Nowak,
CEO
and
Founder
of
Scannit,
adding:
“We
want
to
give
back
that
power
to
the
users.
So,
it
should
be
your
choice
to
give
away
that
data
if
you
want
to.
And
if
you
do,
you
should
get
proper
compensation
for
it.”

Looking
ahead,
Scannit
plans
to
introduce
AI-driven
financial
advice
tools
to
further
assist
users
with
their
spending
habits,
enhancing
user
experience
and
engagement.
The
company
is
also
working
on
onboarding
additional
partners
to
expand
its
ecosystem,
targeting
diverse
user
personas
while
upholding
its
core
promise
of
full
data
ownership
for
users.

Users
interested
in
experiencing
the
future
of
financial
management
can join
Scannit’s
waiting
list for
the
open
beta
launch
slated
for
Token
2049.

About
Scannit

Scannit
is
a
pioneering
technology
company
headquartered
in
Atlanta,
Georgia,
revolutionizing
digital
financial
identities.
Its “Scan
to
Earn”
model
rewards
users
for
scanning
receipts
and
verifying
transactions,
turning
everyday
spending
into
valuable
rewards.
Scannit
enables
businesses
to
ethically
and
authentically
access
valuable
data
insights
while
respecting
user
privacy
and
consent,
driving
a
fair
and
transparent
data
economy.

For
more
information,
visit www.scannit.io.

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
Cryptocurrency
mining
can
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potential
for
loss
of
funds.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.