ProtonMail, the popular free encrypted email provider, could be on the verge of launching its own Initial Coin Offering (ICO), according to a job description for a Blockchain developer post.
The Swiss email service was founded in 2014 by CERN researchers and is arguably majorly popular because it is cryptocurrency-friendly. ProtonMail has long been a supporter and advocate of cryptocurrency payments, by offering its users the option to pay for their premium email and also VPN services using various cryptocurrencies.
ProtonMail have now found themselves at the apex of news headlines after a job post which was posted on ProtonMail’s website describing a Blockchain developer position suspiciously described more than necessary. ProtonMail states in the job description:
“Looking forward, we have some exciting blockchain-related ventures underway. You will join our team to lead these projects, which will ultimately make the blockchain easy to use and empower millions of people around the world.”
While “exciting blockchain-related ventures” intentionally remains vague, the preferred qualifications section gives more hints.
According to the qualifications description, the company is looking for an engineer with expertise in “developing secure Ethereum smart contracts,” suggesting the project will probably utilize the second-largest cryptocurrency’s blockchain. And what gives up more than the statement that the preferred candidate must have “participated in successful ICO”!
When the job posting was listed is not actually known, but it has riled up Bitcoin maximalists and other ICO critics who are threatening to cancel their premium subscriptions on ProtonMail and abandon the service altogether. One of them is pseudonymous cryptocurrency trader and Altcoin skeptic WhalePanda, who tweeted:
“Looks like @ProtonMail is planning an ICO. If they do, I’m canceling my subscription. I know many Bitcoiners are using it… but maybe not for much longer if they go down this road.”
As expected, not many crypto traders are pleased with the idea. While Telegram’s ICO (also a mailing service) has been reasonably successful, the grudge towards companies like ProtonMail and Telegram conducting ICOs might arise from the idea that they detract from the adoption and success of already existing cryptocurrencies.
ProtonMail has since been silent on the job post and has not made any public or official statements yet on the subject of conducting an ICO.