Earn while training - StartLabs invested in MangoCoinz mobile application

The students of programming from Serbia, Milos Tomic, Srecko Lasbaher and Filip Nadj made an application which awards physical activity assigning virtual "coins" special crypto currencies which can be replaced for money. MangoCoinz got the investment from the StartLabs investment fund for this start up.

MangoCoinz application enables users to, while doing a physical activity, based on phone moves, collect certain amount of this currency.

- Thus, while you are jogging for instance, during every your move, the phone "extracts" MangoCoinz which increase at your account - Startlabsu says.

MangoCoinz is a new kind of crypto currency which can be replaced for popular bitcoins and then euros or dollars on two specialized stock exchanges. The process of "earning" bitcoins was so far possible only if you had desktop computers and strong machines. MangoCoinz wanted to present this kind of earning to wider group of people and it did it in an interesting and useful manner for its users.

So far, the android application has been downloaded more than 3.500 users worldwide and the principle is simple – the more steps, the more Mango "coins".

MangoCoinz will, in Go-To-Market program, created in line with the needs of teams from StartLabs portfolio, have a constant support of mentors from San Francisco and Europe. With an everyday help and consulting with partners of StartLabs, the team will continue developing and improving the product as well as to prepare for the next round of investments.