The company says it's "bringing cryptocurrency to the mainstream." RadioShack DeFi (short for. Whatever RadioShack decides to do, it will be in partnership with a company called Atlas USV(Opens in a new window), which offers a "universal, decentralized, and widely accessible DeFi base layer" to build projects on top of. A New Swap Paradigm. Initial Supply Breakdown. And so established, well-known brands like RadioShack are the key. RadioShack, the company that sold consumer electronics for decades, is shifting its focus to DeFi and launching a new crypto token. The Starfish Topology (RADIO Token's Primary Utility), RadioShack Swap Fee (RADIO Token's Second Utility), The most important day for any new emerging technology is the day on which it . There are currently more than 400 RadioShack stores in the US. Just go to KBOO.FM/Give or text K-B-O-O to 4-4-3-2-1. The tech retail chain might be the place to go to trade cryptocurrency. Overview. Our mission is to be the first protocol to bridge the gap to mainstream usage of blockchain and cryptocurrencies What is RadioShack Crypto RadioShack is a 100 year old brand embedded into the global consciousness and we are going to lead the way for blockchain tech to reach mainstream adoption by other large brands. Related: What Is a Blockchain 51 Percent Attack? Well, you may remember the RadioShack brand was acquired by Retail Ecommerce Ventures back in 2020, which is run by Tai Lopez and Alex Mehr. RadioShack hopes to ease the psychological barrier to crypto adoption by acting as the bridge between the CEOs who lead the world's corporations and the new world of cryptocurrencies. The company says its well-known brand will bring older, conservative CEOs into crypto, but it's just the latest aging brand to make the blockchain pivot. The chain was purchased in 2020 by Retail Commerce Ventures, a holding company that is also behind the Atlas USV DeFi Protocol, which will be used for the RadioShack DeFi. Because of its owned liquidity pool, RadioShack believes that it does not need to become diluted to grow. In just the past hour, the price grew by 0.06%. DEX 1.0 and Rented Liquidity. 1 RADIO is currently worth AWG 0.00. . RadioShack is 97.73% below the all time high of $0.0386. December 21, 2021. This newsletter may contain advertising, deals, or affiliate links. DEX 1.0 and Rented Liquidity. 1996-2022 Ziff Davis, LLC., a Ziff Davis company. RadioShack, the longtime tech retail chain, plans on selling a new item: cryptocurrency. This means it'll allow users to trade tokens among each other rather than at an exchange like Coinbase and Binance. Currently Crypto has no well-known brands over even 15 years old. $0.0008988 USD. "Too many [cryptocurrency companies] focused on speculation and not enough on making. The collection consists of some 74 assorted pieces, including drawings of the company . PCMag.com is a leading authority on technology, delivering lab-based, independent reviews of the latest products and services. Color: Heather Gray Size: S S M L XL 2XL Add to cart Hurry up! RadioShack, the company that sold consumer electronics for decades, is shifting its focus to DeFi and launching a new crypto token. You may unsubscribe from the newsletters at any time. Does this old dog have one more trick left? And this is where crypto has missed the mark. Crypto, specifically mining, negatively affects the environment because it requires a sheer amount of processing power to do. But after that crossing, they became trillion dollar assets (or close to it). RadioShacks argument is basically that as a very old brand, its primed to sell old CEOs on cryptocurrency. Amber was launched in 2018 by a group of founders that included former Morgan Stanley traders and raised $200 million at a $3 billion valuation in February. Bloomberg News reported earlier this . RadioShack, once a brand associated with home electronics, has reappeared as a crypto company. When you make a purchase using links on our site, we may earn an affiliate commission. Examples of this kind of protocol similar to RadioShack DeFi are Uniswap and SushiSwap. Share. Related: DeFi: What Is Yield Farming and Why Is It So Popular? RadioShack yes, that RadioShack that used to sell electronic goods is now a crypto business. Documents available on the RadioShack website(Opens in a new window) describe this as "low-hanging fruit(Opens in a new window)," mainly because of the "incredible levels of profit" available from trading fees. RadioShack is a 100 year old brand embedded into the global consciousness, now on a mission to be the first protocol to bridge the gap to mainstream usage of blockchain and cryptocurrencies. . Lopez and Mehr are also the duo behind Atlas, so they control the entire operation. RadioShack is known as a consumer brand, but here, the broad goal is to become a platform that other companies (RadioShack cites Louis Vuitton, Starbucks, and Mercedes-Benz) use to run their own distributed finance projects. How Does It Work? https://t.co/gXXKXc1UT2#RadioShack #Blockchain #Cryptocurrency pic.twitter.com/rXT3HvGli1. The price of RadioShack has fallen by 3.20% in the past 7 days. RadioShack announced plans to rebrand as a cryptocurrency exchange platform in an effort to keep the 100-year-old brand alive. Despite its pullback in the last 10 years, the brand is resolutely embedded in the global consciousness - ripe to be pivoted to lead the way for blockchain tech to mainstream adoption by other large brands. Crypto tools for everyone. With Atlas USV's treasury, the RadioShack ecosystem expects a constant inflow of third-party tokens through bartering. Easily convert RadioShack to Aruban Florin with our cryptocurrency converter. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, . In partnership with Atlas USV, RadioShack hopes to avoid reward-oriented, short-term liquidity providers. RadioShack, the venerable retailer relaunched as an online-focused brand in 2020, now wants to chart a future as a cryptocurrency exchange. As Techradar reports(Opens in a new window), the RadioShack website now advertises the company as "bringing cryptocurrency to the mainstream" by creating a new protocol allowing everyone to more easily use decentralized finance (DeFi). Are you ready? The current price is $0.000876 per RADIO. A New Swap Paradigm. One thing I love about cryptocurrency and the whole concept of decentralization, the metaverse and Web-3 is the creativity in which it is moving forward . Lopez and Mehr are clearly staking the success of the entire operation on the strength of the RadioShack brand with consumers. The company filed for bankruptcy back in 2015 after 11 unprofitable quarters in a row, bringing . What an opportunity for those who come to market quickly. For now, all you can do is wait until Radioshack shares more information on its DeFi initiative. Users will need to link their digital wallets to RadioShack DeFi in order to start trading. In reality, it looks as though RadioShack is planning to launch its own Radio token and will start by focusing on swaps, which is basically a service to exchange cryptocurrencies and tokens. A weekly email featuring news, original reporting and accessible advice about cryptocurrency and NFTs from CNET Senior Writer Daniel Van Boom. Find stores near this location: Use my location . RadioShack Antenna-Mounted High-Gain Signal Amplifier for HDTV Antennas (36) $69.99 Free Shipping Gigastone H1 Wireless Bluetooth Over-Ear Headphones (9) $34.99 RadioShack Non-Contact Infrared Forehead Thermometer (79) $29.99 Meta PCs - Griffin - Intel Core i5 - 16GB Memory - 500GB SSD - Black $1,499.00 Free Shipping Shop By Category This might be a bit confusing for those who were familiar with the longtime chain, but here's an explanation of what's happening. Sign up for What's New Now to get our top stories delivered to your inbox every morning. The new e-commerce store has only a . Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology. Your subscription has been confirmed. The RadioShack (RADIO) token jumped 3.26% to US$0.02803 at 5:11 am ET on Thursday after . Moreover, RadioShack insists that its uniquely positioned to take cryptocurrency mainstream claiming that RadioShack, and RadioShack alone, can bridge the gap and cross the chasm of mainstream usage for cryptocurrency.. With Atlas USV, RadioShack can benefit from long-term liquidity as well as an efficient and competitive swap experience. Harvard University, says of Geoffrey A. Moore, (the book) Crossing the Chasm has become the bible for bringing cutting-edge products to progressively larger markets.. As a first step, RadioShack is fixing the chaotic and dispersed nature of liquidity addition on today's AMMs. Wendy's chicken nug. RadioShack, once beloved by late 20th . By Matthew Humphries. They launched RadioShack Swap, a decentralized crypto exchange platform that allows users to swap coins or tokens, a format that comes with more flexibility and lower transaction fees than. How Does It Work? Decrypt also delves more into the parties behind the move. RadioShack didn't provide a date of when it will open up its exchange, but there's a waitlist for those interested can join. Despite gaining traction on social media, the RadioShack crypto couldn't get investors' attention. The launch follows a pattern of troubled but well-known brands moving into cryptocurrency. I also spent the first six years after leaving university as a professional game designer working with Disney, Games Workshop, 20th Century Fox, and Vivendi. Under the leadership of Tai Lopez and former NASA scientist Alex Mehr, Ph.D., RadioShack aims to reinvent itself into a DeFi crypto company. The Texas-based . Imagine if mainstream brands started using the RadioShack protocol for their future crypto projects. Readers like you help support MUO. Buy, sell, and spend crypto on the world's most trusted crypto exchange. According to RadioShack, the Bartering mechanism helps USV users buy third-party tokens and transfer them to the Atlas USV treasury in exchange for newly minted USV tokens. Store Locator - RadioShack. You can also use our RadioShack price table above to check the latest RadioShack price in major fiat and crypto . What Is a Blockchain 51 Percent Attack? How to Avoid It. If you want to read about RadioShacks strategy, theres a series of pages explaining the system, which is built on a protocol called Atlas USV. For years, RadioShack was known as an electronics retailer with over 8,000 stores in the USA alone. RadioShack has been a part of American pop culture for over 100 years. I've been working at PCMag since November 2016, covering all areas of technology and video game news. What is RadioShack Crypto. The company said its relaunch targeted people who might not be thought of as crypto investors. Notice that Moore ends by saying the word, Established! Keep an eye on your inbox! The RADIO token has a market capitalization of US$9.1 million, with 161 token holders. Or, as RadioShack puts it, the brand is resolutely embedded in the global consciousness ripe to be pivoted to lead the way for blockchain tech to mainstream adoption by other large brands.. Radio Shack Returns as a Crypto Swap. PCMag supports Group Black and its mission to increase greater diversity in media voices and media ownerships. Want CNET to notify you of price drops and the latest stories? (This is distinct from the unauthorized Kodak cryptocurrency mining machine shown that same year.) RadioShack DeFi, once it's open, will let users who sign up will have the option to trade their crypto tokens with each other without having an entity handling all the transactions. A look at RadioShack's website shows that the company is making a hard push toward crypto. And you can't forget this classic RadioShack SuperBowl commercial: RadioShack has one objective: Distribution and usage by millions of individuals but possibly more important, by hundreds of blue-chip, large corporations as their gateway into becoming blockchain companies. RadioShack's argument is basically that as a very old brand, it's primed to sell old CEOs on cryptocurrency. "RadioShack, and RadioShack alone, can bridge the gap and 'cross the chasm' of mainstream usage for cryptocurrency," the company says on its site. 1 RADIO is currently worth AWG 0.00. . While its original brand has already shut down permanently, RadioShack is still a global name with active e-commerce stores. It aims to bridge the gap between mainstream blockchain functions and cryptocurrencies. Thank you for shopping with us. Fox Business Flash top headlines for December 30. Quina is a staff writer for MUO, resident adrenaline junkie, and lover of all things tech. The Starfish Topology (RADIO Token's Primary Utility) Multi-Tier Starfish Topology (MTST) Cross-Chain Strategy. Tech retail chain RadioShack announced to enter the crypto market in 2021. Robot Co-Op is live every Wed. & Fri. at 7pm CT and every Sunday at 12pm CT at http://www.twitch.tv/robotco_opFlorida Man, whatchu doin'? Yet this is a blip on the radar of a globe with a $250 trillion estimated net worth. Its site is notably short on reasons why the average current or former RadioShack customer should want to use cryptocurrency. RadioShack, the longtime tech retail chain, plans on selling a new item: cryptocurrency. Role of PODL in RadioShack Swap. Too many focused on speculation and not enough on making the old-school customer feel comfortable. Due to the COVID-19 outbreak across the United States, some independently-owned locations may have temporarily closed or hours may vary from what is listed on our store finder. The official Twitter account of RadioShack has caught attention over profane tweets, and on . This demographic difference creates a substantial psychological barrier to crypto adoption. The price declined by 0.30% in the last 24 hours. And we mean this with no disparagement to the early blockchain adopters, as they have pushed crypto close to a $3 trillion coin market cap, not an easy feat. But currently, Moore would clearly see crypto as a tool not yet adopted by large markets. Too many [cryptocurrency companies] focused on speculation and not enough on making the old-school customer feel comfortable, the companys website states, claiming that the average decision-making corporate CEO is 68 years old. But for now, the goal is apparently to get other companies on board by trading on a well-known name. But why partner with Atlas? RadioShack Crypto Exchange Puts RADIO Tokens in Users' Hands. 2022 Vox Media, LLC. The Starfish Topology (RADIO Token's Primary Utility) Multi-Tier Starfish Topology (MTST) Cross-Chain Strategy. N/A (24H) 0.00000005249 BTC-0.04% (24H) RadioShack Price Chart (USD) . Tokenomics. I hold two degrees: a Bachelor's degree in Computer Science and a Master's degree in Games Development. It will become the first to market with a 100 . However, we don't have an official date yet for when this token will launch. RadioShack is a 100 year old brand embedded into the global consciousness and we are going to lead the way for blockchain tech to reach mainstream adoption by other large brands. Elon Musk says Tim Cook told him Apple never considered removing Twitter, Twitter will recommend more tweets to everyone, even if you didnt ask for them, LastPass' latest data breach exposed some customer information. In 2018 camera company Kodak announced KodakCoin, which was supposed to be part of a blockchain-powered rights management platform for photographers. Remember, there is a real generational gap between the average crypto buyer (in some countries like India, its as low as age 24) and the average corporate, decision making, global CEO who averages age 68. You can join a waitlist to be notified when the RADIO token launches. According to its website, the RadioShack team partnered with The Franklin Mint, Modell's Sporting Goods, and others to launch its tokens, which are now available for purchase on the NFT Opensea marketplace. tldr; Retailer RadioShack has relaunched itself on Twitter with a stream of crude tweets filled with crude comments and drug references. And the first product to kickstart this long journey is a token swap. Regardless of the amount of documentation available, for now the details around this blockchain venture seem less than clear. Oscar Gonzalez is Texas native who covers video games, conspiracy theories, misinformation and cryptocurrency. Download. See our ethics statement. Radioshack Crypto Radio Unisex T-shirt Vendor: Orderflo $25.00 In Stock Free Shipping Over $49* or 4 interest-free payments on orders over $35 with Shipping calculated at checkout. RadioShack Crypto is focused on the early majority. The Sam Bankman-Fried apology tour continued this week, despite a number of high-profile lawyers including one who . At the time of writing, the RADIO crypto was down by 0.7 per cent. 2022 CNET, a Red Ventures company. If you're on the same page, you may want to invest in the $RADIO token for yourself. All Rights Reserved, By submitting your email, you agree to our. RadioShack Crypto is focused on the early majority. But, how exactly is RadioShack becoming more than just a online store, and how does crypto play a role in its next move? RadioShack DeFi (short for decentralized finance) is the new venture for the retail chain as laid out on its website as of Sunday. She is primarily based in Southeast Asia and graduated with a degree in Information Design. Initial Supply Breakdown. And THANK YOU for supporting Rhythm Shack & KBOO! As Techradar reports, the . - RadioShack Can Crypto Be Sustainable? Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify. This is done via smart contracts on the ethereum blockchain. RadioShack RADIO. The health and safety of our customers is a top priority. Subscribing to a newsletter indicates your consent to our Terms of Use and Privacy Policy. All Rights Reserved. Although there is a lot of optimism surrounding cryptocurrencies, critics highlight a significant drawback: its adverse impact on the environment. The company remained a retail staple until the early 2000s, a period of rapid innovation that saw digital media outpace the older, physical technology that the chain sold in its stores. All rights reserved. https://www.pcmag.com/news/radioshack-returns-as-a-crypto-company, How to Free Up Space on Your iPhone or iPad, How to Save Money on Your Cell Phone Bill, How to Convert YouTube Videos to MP3 Files, How to Record the Screen on Your Windows PC or Mac, Bitcoin for Beginners: Simple Tips to Get Started With Crypto, Brave Adds a Crypto Wallet to Its Browser, New York Presses Pause on Polluting Crypto Mines, Nvidia Gaming Revenue Drops 51% on Weak Demand, Crypto-Mining Drying Up, Chinese Tabloid: US Tricked TSMC Into Building Ariz. As mentioned in RadioShack's documentation, the company believes that the best way for crypto to be more mainstream is for an established brand name in the tech space to lead the way. Related 12 Best Crypto Exchanges USA . $3 trillion with miles to go. "It's our voice, a new voice, one for the people," said Abel Czupor, the company's chief marketing officer. RadioShack, started in 1921 in Boston by brothers Theodore and Milton Deutschmann, was a leader in the nascent tech world for nearly a century. The goal is to 'bring cryptocurrency to the mainstream' using the well-known consumer brand. The older generation simply doesnt trust the new-fangled ideas of the Bitcoin youth, particularly not adults who are especially authoritarian, intelligent, and well-read (i.e., the CEOs that RadioShack seeks to woo). Its parent company, Retail Ecommerce Ventures, also owns a variety of other brands like Pier 1 Imports and Dressbarn, and RadioShack speculates about the possibility of a brand like Pier 1 launching its own token through RadioShacks system. RadioShack was established in 1921 to sell radio equipment, it is now selling crypto. Add to Watchlist. Standard Shipping: Arrives between Wednesday, August 31 and Friday, September 02 Until the iPhone, Tesla self-driving car, or Amazon.com crossed the chasm they were but an embryo in the economic womb. RadioShack is also promoting a collection of NFTs. We're into our End-of-Year Fund Drive, here at this listener-supported community radio station, so please make a donation of any size to keep us on the air. We intend to follow his strategy in making crypto mainstream. What Is the Geek Squad Email Scam? Before that I spent nearly 15 years working at Geek.com as a writer and editor. The older generation simply doesnt trust the new-fangled ideas of the Bitcoin youth. The New York Times raised questions about the coin and its related platform, and Kodak appears to have quietly wound it down. RadioShack has a somewhat clearer plan for its project. Overview. If you click an affiliate link and buy a product or service, we may be paid a fee by that merchant. . The moment of mass adoption among even the most skeptical consumer. The company is now making a gamble to pivot its brand to DeFi and survive the next 100 years or die trying. RadioShack was originally founded in 1921 and began as a small chain of stores selling radio products before expanding to a nationwide empire of home entertainment appliances. . It will become the first to market with a 100 . It is our hypothesis that the best way for crypto to be more mainstream is for an established brand name in the tech space to lead the way. Easily convert RadioShack to Aruban Florin with our cryptocurrency converter. Tokenomics. PCMag, PCMag.com and PC Magazine are among the federally registered trademarks of Ziff Davis and may not be used by third parties without explicit permission. The company is now making a gamble to pivot its brand to DeFi and survive the next 100 years or die trying. The display of third-party trademarks and trade names on this site does not necessarily indicate any affiliation or the endorsement of PCMag. In the News CNET - Dec 20, 2021 If you buy something from a Verge link, Vox Media may earn a commission. Besides acquiring Radio Shack, REV has also acquired other notable companies such as Dressbarn, Linens' n' Things, Modell's Sporting Goods, and Pier1. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. RadioShack is on the decline this week. The company says it's "bringing cryptocurrency to the mainstream.". Role of PODL in RadioShack Swap. DeFi: What Is Yield Farming and Why Is It So Popular? RadioShack intends to bridge the old and the new together with its legacy and a host of brands such as Pier1, Dressbarn, Linens n Things, and more. (Photo: Drew Angerer/Getty Images) RadioShack, once a brand associated with home electronics, has reappeared as a crypto company. Only 17 left in stock. We can thus infer that Crypto hasn't even gotten started yet. It will become the first to market with a 100 year old brand name thats recognized in virtually all 190+ countries in the world. The 3Commas RadioShack Calculator allows you to easily calculate the conversion price of RADIO to BNB by simply entering the amount of RadioShack in the corresponding field and will automatically convert the value in BNB (BNB). Image Credit: RadioShack RadioShack has been a part of American pop culture for over 100 years. The need for a bridge between the CEOs who control the worlds corporations and the new world of cryptocurrencies will most likely come in the form of a well-known, century-old brand. Video Games, Misinformation, Conspiracy Theories, Cryptocurrency, NFTs, Movies, TV, Economy, Stocks, Master's degree in Journalism from NewMark School of Journalism, Do Not Sell or Share My Personal Information. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. RadioShack Crypto is focused on the early majority. Earlier this week, the company announced RadioShack DeFi (short for decentralized finance), a market where people can swap newly announced RADIO tokens as an alternative to a centralized exchange like Coinbase. My first book, Make Your Own Pixel Art, is available from all good book shops. 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