From a period, TikTok market is suffering from a lot of negativity. After being criticized for its user data policies in the US, the TikTok market is facing a downfall in its active user database in India. Several of its accounts have been suspended, as complaints have been filed against them for posting unethical content. Now, TikTok is facing a challenge due to the #BycottChineseProduct revolution in the Indian market.
Even in its own country of origin, Its problem doesn’t seem to end. TikTok is facing tough competition within its country bounds. Recently, Zynn, which is a replica of TikTok is making its way on the top charts of Google Playstore and Apple store.
Zynn has been ranked as the number one application in the free app category on Apple store. Whereas, it is among the top 10 applications on Google play store.
Zynn is a doppelganger of TikTok! Every aspect of Zynn is similar to that of TikTok, even they have a similar user interface. The only difference is, it pays its user to watch a video, refer to friends and even just to sign up.
This is also a USP which keeps Zynn ahead of its competitors.
The only distinct feature of Zynn interface is the dollar sign, appearing on the screen. The “$” sign appears on the left-hand top corner, it also acts as a timer for the video.
The moment a user starts watching a video, the dollar sign gets filled with colour. Once the video is complete, and the sign is filled, it gets added into your credit points. The user can redeem these points, and convert them to gift cards or cash.
There is no personal proof of the redeeming of cash and gift card. Although, there are some YouTube videos which claim to have received the balance in their account. They show their bank statements, confirming the above statement.
Zynn didn’t appear from non-existence. Zynn is a byproduct of the competitive market of China. It is launched and promoted due to an ongoing rivalry of tech companies in China.
Kuaishou, a well-funded start-up running the biggest video apps, created Zynn. To promote Zynn, they used the same payment technique used by Douyin. Douyin is a Chinese version of TikTok.
Zynn supports in-app advertisement purchase. It is its only source of income. Currently, as per the reports they are not selling advertisement in the US.
Recently, Zynn received a hefty investment, amount of $2 billion. Tencent a Chinese tech giant invested this amount in Zynn. Tencent is also a creator of Wechat which is the most popular Instant messenger in China.
The report posted by The Information, in December stated that the investment was made to “contain the threat of ByteDance,” the creator of TikTok and Douyin.
Following are some of the reasons responsible for the quick growth of Zynn in the market:
- It pays its user an approx of ($0.12), to watch a few minutes video.
- Secondly, the application provides you with money for every referral.
- Big brand promotion can provide up to $110. If you make five people sign up, and they keep using the application continuously.
- The brand obtains its data from Kuaishou, hence, the application is pre-loaded with videos.
A report states that most of the video uploaded on Zynn are from Kuaishou database. Zynn is slowly attracting people to leave TikTok and shift to its database.
After downloading, you can directly start watching the videos. Though, If you are willing to earn rewards you must sign up first.
Also, you must know that you can’t create a direct account with Zynn. It has to be either with Facebook, Gmail or Twitter. it will verify your phone number, and in case of failed verification, you won’t be able to sign up.
It requests access to the device location. However, you can deny it. You also have to attach your Paypal account for the payments you will receive.