You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
Updated list of Global Beermoney opportunities (+180!) - June 2020
Updated list of Global Beermoney opportunities (+180!) - June 2020
The current, and now previous, Beermoney Global list started nearly 5 years ago. It’s been updated and has grown over all that time, but it also became a hassle to keep current. It was time to build a new list from scratch based on my experience in the Beermoney world over all these years and all the contributions all of you have been making in this sub. The lists consist of opportunities that are available in at least one country that is not the US. This means there are sites which only work in Canada or the UK. There’s sites which are open to the whole world, but this does not mean everyone can really earn something on it. It’s all still very demographic and therefore location dependent. This list should give you a starting point to try out and find what works for you. I’m not using everything myself as I prefer to focus on a few, so not all are tested by me. They are found in this sub, other subreddits and other resources where people claim to have success. I’ve chosen the format of a simple table with the bare minimum of information to keep things clean. It includes a link, how you earn, personal payment proof if available and sign-up bonus codes if applicable. Some of these bonuses are also one-time use codes specifically made for this sub! For the ones I don’t have payment proof (yet) feel free to provide some as a comment or via modmail so others know it’s legit. I am working on detailed instructions for each method that I personally use which will include things like cashout minimum, cashout options, tips & tricks,... For now I’ve split things up based on the type of earning like passive or mobile. Because of this there’s sometimes an overlap as some are both passive and on mobile or both earning crypto and a GPT (Get Paid To) website. The lists are obviously not complete so I invite you to keep posting new ones in the sub, as a comment to this post, or in modmail. Especially if you have sites or apps which work for one single specific country I can start building a list, just like I did for The Netherlands and Belgium. If you recognize things which are in fact scams or not worth it let me know as well.
Get Paid To (Surveys, tasks, offers, videos, clicking links, play games, searching)
For The Netherlands there are a few very good options next to a bunch of ‘spaarprogramma’s. There ‘spaarprogramma’s are all the same where you receive and click a bunch of e-mails, advertisements, banners,... I advise you to create a separate e-mail address or use a good filter in your inbox as you will be spammed to death. I believe they can be a nice piece of beermoney but they take quite the effort.
Common sites with HIGHEST payout and STABLE income << 04/10/2020 >>
This is a long post, but please try to read it all and select the most suitable one for you. When you see any sites with good payout and good potential, feel free to create a post. Also when you know site that is scam, please create a post to alert everyone as soon as possible. There're 4 main and common types of task you will encounter when using beermoney sites. You can use all the sites or just pick the most suitable type and site to work with. Using a number of sites is recommended, as the number of tasks on one site is not high enough, and the tasks will not appear continuously.
I. MICRO-TASK (also know as Crowdsourcing task)
The task is vary from article assessment, information collection, search-query classification/answer relevance, taking or collecting photo/video, to object identification,... The number of tasks will increase as you complete tasks. Pros: - The number of tasks is higher and more stable than other type of beermoney. - The payout is appropriate to your time and effort. You can even make stable income with them. Cons: - Sometime you will need to pass the training test to access the task. - Your work may not be accepted if it does not meet the guideline. - It can be a little hard in the beginning. There's also not many tasks for you, but BE PATIENT, because they haven't been able to fully assess your ability yet. 1-Toloka Yandex: This is one of my favorite micro task sites, and is the first on the list when I make beermoney site suggestion. The tasks are mainly in English and Russian. They also have task in your mother language too, depend on your setting and location. Don't worry about the language, as you can easily have it to be translated with google translate extension or any translation site and the task is easy enough to understand. The minimum withdrawal is $0.02 if you request to withdrawal once a week, and it will be $1 if more than once a week. You can withdraw the money to PayPal, Payoneer, Skrill or papara. But to be able to withdraw with PayPal, you will need a verified PayPal account. Here are registration links: ref-link and no-ref 2-Clickworker: One of the most popular micro task sites, you can find many recommendations and good reputation about them. But to make the most if it, you will need to unlock UHRS, as describe here. You can receive payment with PayPal. No need to say anymore, here are the links: ref-link and no-ref 3-Neevo DefinedCrowd Another micro-task site you should take a look. The tasks is quite similar to other micro-task sites, with good payout. The tasks can be transcription, image collecting and verification,... You will need to do some language test to be able to access task. The tasks are list on dashboard, but usually they will invite you through your email. You also will receive payment via PayPal. Note: in order to receive as many tasks as possible, when you're asked to input languages you can use, make sure to input languages together with it variants. For example, you can use English, and it has English for American, English for Australian,... then you will select all that variants Here is registration link: no-ref 4-Remotasks You will need to take part in training and pass the test to be able to access a large number of tasks here. The tasks are categorization, text highlighting, image annotation, semantic segmentation,... and well-known Lidar Annotation and Segmentation. With enough training, you will make stable income with this site, and the payment is sent to your PayPal account. Here are registration links: ref-link and no-ref NOTE FOR MICRO-TASK:
It's high recommended to use all those sites, and maybe other sites if you want, because the tasks are not shown continuously.
Make sure to fully understand the guideline, as you will not be credited if you work fails to meet the requirement, which will waste your time and effort.
If you find any task with really low credit but require a lot of time and effort, don't do it. If the requester still be able to find worker, they will always offer that price. It's not worth your time, just going to other tasks or going to other sites to see if there're any available tasks for you.
II. OFFER WALL TASK
Another way to earn beermoney online is to complete Offer wall tasks. You will be asked to installing app on your smartphone, signing up, playing game and reaching determined level, or watching video,.... Doing survey can also be listed here, but it will be shown in separate section. There're many offer walls for you to choose, with different payout level. Usually each beermoney site will list many offer walls, one offer can appear in more than one site/wall, so make sure to surf around and compare the credit to find the best and highest payout wall/site to complete that offer. Pros: - Easy to do - Can complete offer many times if you have different kinds of phone (mostly Android and iOS), or using another phone as the tasks are listed on many different offer walls. - Can earn money while playing and relaxing, as mostly the offered apps are games. Some apps only requires you to install and open, make it really quick to have some beermoney. Cons: - The payout is not very high. Especially when that offer is going through many walls and sites to reach you. - Some offer take much time to complete. - The number of offer is not high enough to do daily. 1-RewardXP RewardXP has surpassed GG2U to become the highest payout site. They have leveling system, the higher level you reach, the more offer walls you can access and the more benefit you can get. With the minimum of $5, they provide a variety of withdrawal methods for you to choose, like PayPal, Amazon, Steam,... You definitely should try this site. Here are your registration links: ref-link and no-ref. Registration with referral link, you will be given a 5000XP (~$0.5) bonus. 2-GG2U: This is also my favorite site. Their paying rate is one of the highest in the market (if you find any other site which is higher, feel free to suggest :D THE HIGHEST ONE NOW is RewardXP, see above). Aside from installing and registering app, they also have many survey walls for you. The most attractive part is that they will give you $1 bonus right after signing up, and after 5 withdrawal requests, you will have a chance to earn up to $7 bonus. With bonus, it's hard to say which is better, RewardXP or GG2U. You can withdraw money to your PayPal account or Coinbase (crypto wallet), with the minimum of $7. Here are your links: ref-link and no-ref 3-Cointiply One of the most popular sites, with great community. They will pay you with cryptocurrency like Bitcoin or Doge. You will have many chances to earn coins, by doing offer walls task, rolling the faucet every 1 hour, testing your luck with multiplier or by activating in their really crowded chat room. You can also earn some coins by clicking Paid-to-click ads. Most of the time, those ads are from Cointiply user with their referral link embedded, so if you register sites when viewing those ads, they will earn some commission. You can try this strategy too :D With their mobile app, it will be much easier to do mobile offers. Make sure to check your email and mobile app to get the user-limited Promotion Codes regularly. Registration links: ref-link and no-ref 4-Swagbucks Sometime you can earn money by spending less. Swagbucks offers a big number of sites where you can receive cash back when you shop online. If you shop online a lot, it's worth to take a look Here are registration link for shopping: ref-link-shopping and no-ref-shopping Beside the cash back program, Swagbucks also provides offer wall, however the paying rate is not as high as those 2 sites above. Anyway, if you want to try, here're your registration links: ref-link and no-ref 5-EarnCrypto If you're into doing offer walls task and earning crypto currency, try take a look at this site too. Their paying rate is quite lower than 3 sites above, but they have Data entry task, which is daily, for you to earn some coins. By ranking high on their daily leader board, you will be rewarded with a great amount of coins (can even be higher than your earning from doing the data entry task itself :D). There are many different kinds of crypto currency for you to select. Just take a look if you have time: ref-link and no-ref NOTE FOR OFFER WALL TASK:
Every offer wall has a place to track your activity history, like what offer you clicked, what offer you completed and did you receive credit or not. Every time you're about to do an offer, after entering that offer (usually when you click an offer, a small panel about what offer is, there will be a button name 'continue' or 'go to offer', after you click that button, you're entering the offer), make sure that offer appears in your history tab of the offer wall. This will enable you to request support in case you complete the offer and have not received credit yet. If it have not appear in the history list, you will not be credited for that offer, so try to click it again.
To find the history tab, after entering offer wall, you will need to find a button named 'My coin', 'My history', 'Support', or button with question mark,... That button should be easy to be found.
Try to surf around the find the offer wall and site having the highest paying rate for the offer, as the same offer will appear in many offer walls and sites.
When you're about to start to do an offer of installing app (especially game), try to read the comment in appstore/playstore to see whether the offer's requirements can be easily to fulfill or not. For example, the requirements are: 1. install game, 2. open it, 3. reach level 30; and you find some comment about cannot reach level 25, or it takes months to reach level 29, then skip that offer, it's not worth the try.
III. PAY TO SEARCH
You can earn nearly passive income from this type of task. They will give you some query, you will search with that query, entering determined site, leaving that site opened for couple of minutes. Pros: - It's super easy to do. - While leaving the site open, you can do any other thing you want, like doing some micro-tasks. - The paying rate is quite good, especially when you will not need to do much. Cons: - The number of queries is not very high. 1-SerpClix In order to receive more queries to search, make sure to leave the site open and allow the notification. Even though SerpClix recommends you to click on the page, don't do that, just using scrollbar. SerpClix will automatically navigate to sub page of that page. Another suggestion here is to install adblock extension, because SerpClix will ban you if you click on any ads on the page, so blocking them before hand is a good move. Here your registration links: ref-link and no-ref
Probably all offer walls have some kind of surveys there, some surveys are only available through offer walls, some have their own sites. By using their own sites will not guarantee that you will have higher payout though. Make sure to be honest when doing survey, despite the fact that you will sometime be disqualified from the survey. There's many reasons why you are disqualified, like because your job is not suitable, your demography is not their target, your answer is not persistent,... BE CAREFUL, they will keep track of you, even if you clear your cookie, so being dishonest can lead you to be banned from their sites. Again, BE HONEST, and there will be suitable surveys for you. There will be two types of survey for you: the first one is filling form and selecting answer from their suggestion, the second one is to talk with them directly or via Video call apps. The second one has much much higher earning but the requirement is also higher too. Pros: - Easy to do, just being honest - High payout, especially with the second type of survey. - Some survey only need 5 minutes to complete with good payout. Cons: - Some survey can take about 30 minutes to complete, so make sure that you have enough free time. - You will be disqualified if your information is not suitable to their survey's target. BUT ALWAYS BE HONEST. 1-SurveyTime One of the best sites out there, my favorite one. They will instantly sent you $1 or $0.5 (depend on survey) to your PayPal or Coinbase account when you complete the survey. You will not need to meet the minimum to withdrawal. The survey you will do here is the first type, filling in the form and selecting answer. You can register with SurveyTime through some offer walls, as they will give you some coins when you complete the survey. Make sure to turn on Browser notification and Email notification so that you don't miss any survey. Registration links: no-ref 2-Toluna Also a popular survey site you can take a look. The type of survey is also filling in the form and selecting answer. They will send you notification email when there're surveys suitable to you. You can select payment via PayPal or mobile card, with the minimum of about $2.5 Registration links: ref-link and no-ref 3-Mobrog This is one of the highest payout survey sites. They also notify you via email when there're surveys suitable to you. They will send you payment via PayPal with the minimum of $6.25 Registration links: ref-link and no-ref 4-Respondent You will need a microphone and/or webcam (built-in or external) as the survey in Respondent is conducted via video calls, phone calls, in-person discussions. Of course, you will receive a huge credit for doing survey here, from $5 up-to $1000. They will recommend suitable survey for you, but if you want to view all available survey, make sure to uncheck the 'Recommended' option in Filter panel. Here're your registration links: ref-link and no-ref NOTE FOR SURVEY TASK:
sometime, they will provide the must-select answer in the question to test if your attention. Make sure to read the question carefully. For example, the question is "Do you agree that 1 + 1 = 2? Select option [I do not agree] in the answer", if you select [I agree], you fail.
BE CAREFUL - BE HONEST
When you're doing the first type survey (filling form, selecting answer), be careful not to install any app, or download any thing, or upload your social data file when asked. In that case, just contact survey site support and report it.
It's better to use many different survey sites to maximum the number of surveys you receive.
Last word, BE PATIENT - earning online can be a little hard in the beginning. Feel free to share your experience when using beermoney sites (and your referral link too if those a new sites :D) or ask question about any beermoney sites by creating new post. Also creating new post when you know that any site is scam or becomes scam. P.S 1: In case you need a Crypto wallet, you can use Coinbase, registration links: ref-link and no-ref, or Binance ref-link and no-ref. You can read here for the comparison between Coibase and Binance P.S 2: You can add some email addresses to PayPal account, so you can use many email address to register to beermoney sites if you want P.S 3: If you're confident with your English, and have a computer, microphone and webcam, you can try Usertesting site, you will using the request-to-test site, while talking about your experience. Here is the link: no-ref
All you need to know about Yield Farming - The rocket fuel for Defi
Source It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up. According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO Tracker, the ICO market started chugging past $1 billion in July 2017, just a few months before token sales started getting talked about on TV. Debate juxtaposing these numbers if you like, but what no one can question is this: Crypto users are putting more and more value to work in DeFi applications, driven largely by the introduction of a whole new yield-generating pasture, Compound’s COMP governance token. Governance tokens enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways for DeFi founders to entice assets onto their platforms. That said, it’s the crypto liquidity providers who are the stars of the present moment. They even have a meme-worthy name: yield farmers. https://preview.redd.it/lxsvazp1g9l51.png?width=775&format=png&auto=webp&s=a36173ab679c701a5d5e0aac806c00fcc84d78c1
Where it started
Ethereum-based credit market Compound started distributing its governance token, COMP, to the protocol’s users this past June 15. Demand for the token (heightened by the way its automatic distribution was structured) kicked off the present craze and moved Compound into the leading position in DeFi. The hot new term in crypto is “yield farming,” a shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency. Another term floating about is “liquidity mining.” The buzz around these concepts has evolved into a low rumble as more and more people get interested. The casual crypto observer who only pops into the market when activity heats up might be starting to get faint vibes that something is happening right now. Take our word for it: Yield farming is the source of those vibes. But if all these terms (“DeFi,” “liquidity mining,” “yield farming”) are so much Greek to you, fear not. We’re here to catch you up. We’ll get into all of them. We’re going to go from very basic to more advanced, so feel free to skip ahead.
What are tokens?
Most CoinDesk readers probably know this, but just in case: Tokens are like the money video-game players earn while fighting monsters, money they can use to buy gear or weapons in the universe of their favorite game. But with blockchains, tokens aren’t limited to only one massively multiplayer online money game. They can be earned in one and used in lots of others. They usually represent either ownership in something (like a piece of a Uniswap liquidity pool, which we will get into later) or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT). If tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance. Tokens proved to be the big use case for Ethereum, the second-biggest blockchain in the world. The term of art here is “ERC-20 tokens,” which refers to a software standard that allows token creators to write rules for them. Tokens can be used a few ways. Often, they are used as a form of money within a set of applications. So the idea for Kin was to create a token that web users could spend with each other at such tiny amounts that it would almost feel like they weren’t spending anything; that is, money for the internet. Governance tokens are different. They are not like a token at a video-game arcade, as so many tokens were described in the past. They work more like certificates to serve in an ever-changing legislature in that they give holders the right to vote on changes to a protocol. So on the platform that proved DeFi could fly, MakerDAO, holders of its governance token, MKR, vote almost every week on small changes to parameters that govern how much it costs to borrow and how much savers earn, and so on. Read more:Why DeFi’s Billion-Dollar Milestone Matters One thing all crypto tokens have in common, though, is they are tradable and they have a price. So, if tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.
What is DeFi?
Fair question. For folks who tuned out for a bit in 2018, we used to call this “open finance.” That construction seems to have faded, though, and “DeFi” is the new lingo. In case that doesn’t jog your memory, DeFi is all the things that let you play with money, and the only identification you need is a crypto wallet. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name. I can explain this but nothing really brings it home like trying one of these applications. If you have an Ethereum wallet that has even $20 worth of crypto in it, go do something on one of these products. Pop over to Uniswap and buy yourself some FUN (a token for gambling apps) or WBTC (wrapped bitcoin). Go to MakerDAO and create $5 worth of DAI (a stablecoin that tends to be worth $1) out of the digital ether. Go to Compound and borrow $10 in USDC. (Notice the very small amounts I’m suggesting. The old crypto saying “don’t put in more than you can afford to lose” goes double for DeFi. This stuff is uber-complex and a lot can go wrong. These may be “savings” products but they’re not for your retirement savings.) Immature and experimental though it may be, the technology’s implications are staggering. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name. DeFi applications don’t worry about trusting you because they have the collateral you put up to back your debt (on Compound, for instance, a $10 debt will require around $20 in collateral). Read more:There Are More DAI on Compound Now Than There Are DAI in the World If you do take this advice and try something, note that you can swap all these things back as soon as you’ve taken them out. Open the loan and close it 10 minutes later. It’s fine. Fair warning: It might cost you a tiny bit in fees, and the cost of using Ethereum itself right now is much higher than usual, in part due to this fresh new activity. But it’s nothing that should ruin a crypto user. So what’s the point of borrowing for people who already have the money? Most people do it for some kind of trade. The most obvious example, to short a token (the act of profiting if its price falls). It’s also good for someone who wants to hold onto a token but still play the market.
Doesn’t running a bank take a lot of money up front?
It does, and in DeFi that money is largely provided by strangers on the internet. That’s why the startups behind these decentralized banking applications come up with clever ways to attract HODLers with idle assets. Liquidity is the chief concern of all these different products. That is: How much money do they have locked in their smart contracts? “In some types of products, the product experience gets much better if you have liquidity. Instead of borrowing from VCs or debt investors, you borrow from your users,” said Electric Capital managing partner Avichal Garg. Let’s take Uniswap as an example. Uniswap is an “automated market maker,” or AMM (another DeFi term of art). This means Uniswap is a robot on the internet that is always willing to buy and it’s also always willing to sell any cryptocurrency for which it has a market. On Uniswap, there is at least one market pair for almost any token on Ethereum. Behind the scenes, this means Uniswap can make it look like it is making a direct trade for any two tokens, which makes it easy for users, but it’s all built around pools of two tokens. And all these market pairs work better with bigger pools.
Why do I keep hearing about ‘pools’?
To illustrate why more money helps, let’s break down how Uniswap works. Let’s say there was a market for USDC and DAI. These are two tokens (both stablecoins but with different mechanisms for retaining their value) that are meant to be worth $1 each all the time, and that generally tends to be true for both. The price Uniswap shows for each token in any pooled market pair is based on the balance of each in the pool. So, simplifying this a lot for illustration’s sake, if someone were to set up a USDC/DAI pool, they should deposit equal amounts of both. In a pool with only 2 USDC and 2 DAI it would offer a price of 1 USDC for 1 DAI. But then imagine that someone put in 1 DAI and took out 1 USDC. Then the pool would have 1 USDC and 3 DAI. The pool would be very out of whack. A savvy investor could make an easy $0.50 profit by putting in 1 USDC and receiving 1.5 DAI. That’s a 50% arbitrage profit, and that’s the problem with limited liquidity. (Incidentally, this is why Uniswap’s prices tend to be accurate, because traders watch it for small discrepancies from the wider market and trade them away for arbitrage profits very quickly.) Read more:Uniswap V2 Launches With More Token-Swap Pairs, Oracle Service, Flash Loans However, if there were 500,000 USDC and 500,000 DAI in the pool, a trade of 1 DAI for 1 USDC would have a negligible impact on the relative price. That’s why liquidity is helpful. You can stick your assets on Compound and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers. Similar effects hold across DeFi, so markets want more liquidity. Uniswap solves this by charging a tiny fee on every trade. It does this by shaving off a little bit from each trade and leaving that in the pool (so one DAI would actually trade for 0.997 USDC, after the fee, growing the overall pool by 0.003 USDC). This benefits liquidity providers because when someone puts liquidity in the pool they own a share of the pool. If there has been lots of trading in that pool, it has earned a lot of fees, and the value of each share will grow. And this brings us back to tokens. Liquidity added to Uniswap is represented by a token, not an account. So there’s no ledger saying, “Bob owns 0.000000678% of the DAI/USDC pool.” Bob just has a token in his wallet. And Bob doesn’t have to keep that token. He could sell it. Or use it in another product. We’ll circle back to this, but it helps to explain why people like to talk about DeFi products as “money Legos.”
So how much money do people make by putting money into these products?
It can be a lot more lucrative than putting money in a traditional bank, and that’s before startups started handing out governance tokens. Compound is the current darling of this space, so let’s use it as an illustration. As of this writing, a person can put USDC into Compound and earn 2.72% on it. They can put tether (USDT) into it and earn 2.11%. Most U.S. bank accounts earn less than 0.1% these days, which is close enough to nothing. However, there are some caveats. First, there’s a reason the interest rates are so much juicier: DeFi is a far riskier place to park your money. There’s no Federal Deposit Insurance Corporation (FDIC) protecting these funds. If there were a run on Compound, users could find themselves unable to withdraw their funds when they wanted. Plus, the interest is quite variable. You don’t know what you’ll earn over the course of a year. USDC’s rate is high right now. It was low last week. Usually, it hovers somewhere in the 1% range. Similarly, a user might get tempted by assets with more lucrative yields like USDT, which typically has a much higher interest rate than USDC. (Monday morning, the reverse was true, for unclear reasons; this is crypto, remember.) The trade-off here is USDT’s transparency about the real-world dollars it’s supposed to hold in a real-world bank is not nearly up to par with USDC’s. A difference in interest rates is often the market’s way of telling you the one instrument is viewed as dicier than another. Users making big bets on these products turn to companies Opyn and Nexus Mutual to insure their positions because there’s no government protections in this nascent space – more on the ample risks later on. So users can stick their assets in Compound or Uniswap and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.
OK, I already knew all of that. What is yield farming?
Broadly, yield farming is any effort to put crypto assets to work and generate the most returns possible on those assets. At the simplest level, a yield farmer might move assets around within Compound, constantly chasing whichever pool is offering the best APY from week to week. This might mean moving into riskier pools from time to time, but a yield farmer can handle risk. “Farming opens up new price arbs [arbitrage] that can spill over to other protocols whose tokens are in the pool,” said Maya Zehavi, a blockchain consultant. Because these positions are tokenized, though, they can go further. This was a brand-new kind of yield on a deposit. In fact, it was a way to earn a yield on a loan. Who has ever heard of a borrower earning a return on a debt from their lender? In a simple example, a yield farmer might put 100,000 USDT into Compound. They will get a token back for that stake, called cUSDT. Let’s say they get 100,000 cUSDT back (the formula on Compound is crazy so it’s not 1:1 like that but it doesn’t matter for our purposes here). They can then take that cUSDT and put it into a liquidity pool that takes cUSDT on Balancer, an AMM that allows users to set up self-rebalancing crypto index funds. In normal times, this could earn a small amount more in transaction fees. This is the basic idea of yield farming. The user looks for edge cases in the system to eke out as much yield as they can across as many products as it will work on. Right now, however, things are not normal, and they probably won’t be for a while.
Why is yield farming so hot right now?
Because of liquidity mining. Liquidity mining supercharges yield farming. Liquidity mining is when a yield farmer gets a new token as well as the usual return (that’s the “mining” part) in exchange for the farmer’s liquidity. “The idea is that stimulating usage of the platform increases the value of the token, thereby creating a positive usage loop to attract users,” said Richard Ma of smart-contract auditor Quantstamp. The yield farming examples above are only farming yield off the normal operations of different platforms. Supply liquidity to Compound or Uniswap and get a little cut of the business that runs over the protocols – very vanilla. But Compound announced earlier this year it wanted to truly decentralize the product and it wanted to give a good amount of ownership to the people who made it popular by using it. That ownership would take the form of the COMP token. Lest this sound too altruistic, keep in mind that the people who created it (the team and the investors) owned more than half of the equity. By giving away a healthy proportion to users, that was very likely to make it a much more popular place for lending. In turn, that would make everyone’s stake worth much more. So, Compound announced this four-year period where the protocol would give out COMP tokens to users, a fixed amount every day until it was gone. These COMP tokens control the protocol, just as shareholders ultimately control publicly traded companies. Every day, the Compound protocol looks at everyone who had lent money to the application and who had borrowed from it and gives them COMP proportional to their share of the day’s total business. The results were very surprising, even to Compound’s biggest promoters. COMP’s value will likely go down, and that’s why some investors are rushing to earn as much of it as they can right now. This was a brand-new kind of yield on a deposit into Compound. In fact, it was a way to earn a yield on a loan, as well, which is very weird: Who has ever heard of a borrower earning a return on a debt from their lender? COMP’s value has consistently been well over $200 since it started distributing on June 15. We did the math elsewhere but long story short: investors with fairly deep pockets can make a strong gain maximizing their daily returns in COMP. It is, in a way, free money. It’s possible to lend to Compound, borrow from it, deposit what you borrowed and so on. This can be done multiple times and DeFi startup Instadapp even built a tool to make it as capital-efficient as possible. “Yield farmers are extremely creative. They find ways to ‘stack’ yields and even earn multiple governance tokens at once,” said Spencer Noon of DTC Capital. COMP’s value spike is a temporary situation. The COMP distribution will only last four years and then there won’t be any more. Further, most people agree that the high price now is driven by the low float (that is, how much COMP is actually free to trade on the market – it will never be this low again). So the value will probably gradually go down, and that’s why savvy investors are trying to earn as much as they can now. Appealing to the speculative instincts of diehard crypto traders has proven to be a great way to increase liquidity on Compound. This fattens some pockets but also improves the user experience for all kinds of Compound users, including those who would use it whether they were going to earn COMP or not. As usual in crypto, when entrepreneurs see something successful, they imitate it. Balancer was the next protocol to start distributing a governance token, BAL, to liquidity providers. Flash loan provider bZx has announced a plan. Ren, Curve and Synthetixalso teamed up to promote a liquidity pool on Curve. It is a fair bet many of the more well-known DeFi projects will announce some kind of coin that can be mined by providing liquidity. The case to watch here is Uniswap versus Balancer. Balancer can do the same thing Uniswap does, but most users who want to do a quick token trade through their wallet use Uniswap. It will be interesting to see if Balancer’s BAL token convinces Uniswap’s liquidity providers to defect. So far, though, more liquidity has gone into Uniswap since the BAL announcement, according to its data site. That said, even more has gone into Balancer.
Did liquidity mining start with COMP?
No, but it was the most-used protocol with the most carefully designed liquidity mining scheme. This point is debated but the origins of liquidity mining probably date back to Fcoin, a Chinese exchange that created a token in 2018 that rewarded people for making trades. You won’t believe what happened next! Just kidding, you will: People just started running bots to do pointless trades with themselves to earn the token. Similarly, EOS is a blockchain where transactions are basically free, but since nothing is really free the absence of friction was an invitation for spam. Some malicious hacker who didn’t like EOS created a token called EIDOS on the network in late 2019. It rewarded people for tons of pointless transactions and somehow got an exchange listing. These initiatives illustrated how quickly crypto users respond to incentives. Read more:Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy Fcoin aside, liquidity mining as we now know it first showed up on Ethereum when the marketplace for synthetic tokens, Synthetix, announced in July 2019 an award in its SNX token for users who helped add liquidity to the sETH/ETH pool on Uniswap. By October, that was one of Uniswap’s biggest pools. When Compound Labs, the company that launched the Compound protocol, decided to create COMP, the governance token, the firm took months designing just what kind of behavior it wanted and how to incentivize it. Even still, Compound Labs was surprised by the response. It led to unintended consequences such as crowding into a previously unpopular market (lending and borrowing BAT) in order to mine as much COMP as possible. Just last week, 115 different COMP wallet addresses – senators in Compound’s ever-changing legislature – voted to change the distribution mechanism in hopes of spreading liquidity out across the markets again.
Is there DeFi for bitcoin?
Yes, on Ethereum. Nothing has beaten bitcoin over time for returns, but there’s one thing bitcoin can’t do on its own: create more bitcoin. A smart trader can get in and out of bitcoin and dollars in a way that will earn them more bitcoin, but this is tedious and risky. It takes a certain kind of person. DeFi, however, offers ways to grow one’s bitcoin holdings – though somewhat indirectly. A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game. For example, a user can create a simulated bitcoin on Ethereum using BitGo’s WBTC system. They put BTC in and get the same amount back out in freshly minted WBTC. WBTC can be traded back for BTC at any time, so it tends to be worth the same as BTC. Then the user can take that WBTC, stake it on Compound and earn a few percent each year in yield on their BTC. Odds are, the people who borrow that WBTC are probably doing it to short BTC (that is, they will sell it immediately, buy it back when the price goes down, close the loan and keep the difference). A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.
How risky is it?
Enough. “DeFi, with the combination of an assortment of digital funds, automation of key processes, and more complex incentive structures that work across protocols – each with their own rapidly changing tech and governance practices – make for new types of security risks,” said Liz Steininger of Least Authority, a crypto security auditor. “Yet, despite these risks, the high yields are undeniably attractive to draw more users.” We’ve seen big failures in DeFi products. MakerDAO had one so bad this year it’s called “Black Thursday.” There was also the exploit against flash loan provider bZx. These things do break and when they do money gets taken. As this sector gets more robust, we could see token holders greenlighting more ways for investors to profit from DeFi niches. Right now, the deal is too good for certain funds to resist, so they are moving a lot of money into these protocols to liquidity mine all the new governance tokens they can. But the funds – entities that pool the resources of typically well-to-do crypto investors – are also hedging. Nexus Mutual, a DeFi insurance provider of sorts, told CoinDesk it has maxed out its available coverage on these liquidity applications. Opyn, the trustless derivatives maker, created a way to short COMP, just in case this game comes to naught. And weird things have arisen. For example, there’s currently more DAI on Compound than have been minted in the world. This makes sense once unpacked but it still feels dicey to everyone. That said, distributing governance tokens might make things a lot less risky for startups, at least with regard to the money cops. “Protocols distributing their tokens to the public, meaning that there’s a new secondary listing for SAFT tokens, [gives] plausible deniability from any security accusation,” Zehavi wrote. (The Simple Agreement for Future Tokens was a legal structure favored by many token issuers during the ICO craze.) Whether a cryptocurrency is adequately decentralized has been a key feature of ICO settlements with the U.S. Securities and Exchange Commission (SEC).
What’s next for yield farming? (A prediction)
COMP turned out to be a bit of a surprise to the DeFi world, in technical ways and others. It has inspired a wave of new thinking. “Other projects are working on similar things,” said Nexus Mutual founder Hugh Karp. In fact, informed sources tell CoinDesk brand-new projects will launch with these models. We might soon see more prosaic yield farming applications. For example, forms of profit-sharing that reward certain kinds of behavior. Imagine if COMP holders decided, for example, that the protocol needed more people to put money in and leave it there longer. The community could create a proposal that shaved off a little of each token’s yield and paid that portion out only to the tokens that were older than six months. It probably wouldn’t be much, but an investor with the right time horizon and risk profile might take it into consideration before making a withdrawal. (There are precedents for this in traditional finance: A 10-year Treasury bond normally yields more than a one-month T-bill even though they’re both backed by the full faith and credit of Uncle Sam, a 12-month certificate of deposit pays higher interest than a checking account at the same bank, and so on.) As this sector gets more robust, its architects will come up with ever more robust ways to optimize liquidity incentives in increasingly refined ways. We could see token holders greenlighting more ways for investors to profit from DeFi niches. Questions abound for this nascent industry: What will MakerDAO do to restore its spot as the king of DeFi? Will Uniswap join the liquidity mining trend? Will anyone stick all these governance tokens into a decentralized autonomous organization (DAO)? Or would that be a yield farmers co-op? Whatever happens, crypto’s yield farmers will keep moving fast. Some fresh fields may open and some may soon bear much less luscious fruit. But that’s the nice thing about farming in DeFi: It is very easy to switch fields.
Investing Online in Cryptocurrencies: “AdBtc” Advertising Faucet
Last article of the triptych dedicated to Advertising Faucets thanks to which it is now possible to invest online in cryptocurrencies! The last of the 3 Advertsing Faucets this month is AdBtc. Very similar in structure to a PTC Site but strongly devoted to advertising, both for those who want to make money through visualization and for those who want to take advantage of the platform to invest online in cryptocurrencies through the advertising channel offered by the site. Investing Online in Cryptocurrencies To register, you will need to enter your email address (which must be confirmed), Bitcoin address and password. Once logged in, the interface that appears is very similar to that seen in many other sites of the sttore: 2 quick link links, one to how to earn and one to the advertising section. On the left, a large menu bar that we will now describe in detail. From top to bottom, you are shown the balance of the cryptocurrencies you have earned and the total that you have transferred to the advertising balance. Below, we have the item for transfers (Withdraw) for which you can choose whether to direct them to a personal wallet or the advertising balance just described. The Referral System item will show your Referral url in order to earn Bitcoins thanks to your subscribers (10% Bonus) while with Change Wallet you will change your Bitcoin address whenever you wish. The AdBtc menu is clean, complete and offers all possible options. Further below we have the Earn section, divided into 3 earning modes: Surf Ads, for which it is sufficient to leave the page that opens after pressing the Start button that will be found randomly on the screen open for a certain time ; Active Window Surfing, for which it will be mandatory to keep the mouse on the page open on the screen; Autosurfing, with which a page will open that will load several advertisements automatically until the timer expires. Following, the Advertising section, also divided into Surf Ads, AWS and Autosurfing. In addition to being able to choose between these 3 ways to invest earned cryptocurrencies online, at the time of compiling the advertising campaign, the possibility will be offered to change the duration, select the number of unique visitors per day and increase the minimum rating of those who can. view advertising pages. Thanks to the Referral Market you will literally have the opportunity to buy referrals that will immediately earn you a large number of Satoshi Bitcoins. Unfortunately, the average cost is quite high and there is no guarantee that "the work" carried out by the user will be sufficiently long-lasting to return the investment. And finally, with the Help option, you can contact assistance if any problems arise, while with Payment Transactions you can view the list of all transfers made by users of the site to external Bitcoin wallets. Greetings and see you next article! If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
Earning with Cryptocurrencies: “Cointiply” The King of Faucet!
The Direct Faucet with the largest community in the category. Earning with cryptocurrencies is no longer a saying! Cointiply immediately presents itself as a faucet site very rich in features and options. Perhaps one of the most complex of all. Thanks to it, you can earn with cryptocurrencies, accumulated through faucets and PTCs (advertising displays), in many different ways that we will explain extensively in the article. If Coinpot, thanks to its faucets, ideally represents the famous expression of the crypto world "To The Moon", Cointiply is the undisputed king of faucet sites due to the very high number of subscribers. Let's proceed with registration immediately by following the banner below. Rarely as in this case it is necessary to do it immediately as it would be difficult to follow the guide without being able to do it step by step. After logging in, you will enter the Dashboard, which collects all the menus and submenus of the site. Starting from the top, the total amount of cryptocurrencies earned with three different value measures will be shown on the right: Coins, Dollars and Bitcoin. Just below you will see your nickname chosen when registering. Selecting it, a drop-down menu will appear showing the following items: - Account Settings, where you can activate some functions offered by the site: enable annual interest when the balance exceeds 35000 Coins, allowing you to earn exponentially with the accumulated cryptocurrencies; receive notifications about new earning opportunities, share your profile with other users, change your nickname and enable 2-factor verification both with Google Authenticator and via email. - Manage Premium, in this section it is possible to upgrade your account which will bring various benefits including the elimination of advertisements. In the event that you do not have the necessary funds, it is possible to participate in a drawing in which a Premium account will be raffled off by purchasing a ticket worth 340 Coins. - Withdraw, thanks to which you can make the transfer of the crypto gudagnate. It is possible to choose between 2 different wallets: Bitcoin and DogeCoin. The minimum threshold for the Bitcoin wallet is 50,000 Coins while for the Dogecoin one it is 30,000 Coins. We remind you that once the 35000 Coins accumulated threshold is exceeded, the stock on the site will yield an interest of 5% per annum on the total balance, allowing you to further earn with your hard-earned cryptocurrencies. - Help & Support, the inevitable help and in-depth section - Logout, to exit the site On the left is the main menu, also divided into various sections: - Cointivity Profile, which shows your CointiPoints balance, your level and your current ranking. Just below, the Boosts you may have purchased and equipped and the consumables you have unlocked by leveling up are listed. We are talking about "Items" that can be obtained by opening the paid crates in the Inventory & Pods subsection. The list of content that you can fortunately receive is listed in the other subsections Item List and Collections. The last item in this section, Leaderboard, draws up the daily and historical ranking of the site's most active users. - Earn Coins, refers to the Dashboard and lists all the ways to earn cryptocurrencies that the site makes available: surveys and tasks to be performed, the faucet, multiplayer, watch some videos, view the advertising pages, play some classic videogames, your referral URL and the 5% annual interest on accumulated funds we talked about above. - Faucet, or Roll the Faucet, which can be performed every 60 minutes, which will reward you with a variable amount under the different bands visible on the right. Scrolling down you will see a series of links and information, which are repeated on the site, which we have already talked about almost fully. The most important is the keeping of the loyalty bonus which will grow by 1% per day until the 100% threshold is reached, but only if you make at least one daily claim. - Settings, described at the beginning of the article - Promos, where Coins Bonuses will be obtained thanks to promo codes for those who agree to receive notifications via browser. - News, site news always updated! - Help, the FAQ page. Everything is explained! - Crypto Prices, the value and market trends of the main cryptocurrencies. Before continuing, a brief explanation of the Dashboard, which at first glance would seem chaotic. In addition to the menu on the right, there is also one at the top next to the title that includes all the links, functions and opportunities to earn with the cryptocurrencies we have described. Its presence serves to optimize the usability of the mobile version of the site, identical in all respects to the desktop version, with the exception of the menus. In the center of the Dashboard page, broad visibility is given to the main offers and surveys made available on the site. Just below, the Earn Coins box with all the ways to earn cryptocurrencies. It is right to spend a few more words for some of the aforementioned items: - Offers, where you can accumulate Coins by completing surveys, viewing particular videos and much more. A section that guarantees great bonuses but obviously takes a long time. And polls aren't always successful. - Roll the Faucet, described above. - Multiplier, a nice game with dreamlike background music in which you can challenge your luck to get higher and higher amounts. Dedicated to those who love risk and betting and want to earn with cryptocurrencies obtained from faucets and PTCs. - Videos, thanks to which it is possible to earn Coins simply by watching videos. Useful is the fact that the site shows a preview of the income that will be obtained and the videos that you will have to view. - PTC Ads, a section where you are rewarded with Coins simply by visiting advertising web pages. Perhaps the most profitable option ever on the site taking into account the short time it takes to occupy. You can also create advertising campaigns for your site and manage them directly from this section thanks to the numerous options offered. The history of all the PTC Ads displayed is remarkable. The FAQ section is very useful, the first case ever for this earning methodology, which explains how PTC Ads work. Finally, thanks to Deposit Bitcoin, you can generate a wallet address to make deposits to be used in your advertising campaigns. - Games, where by playing certain online games you will get Coins in exchange. Definitely to try sometime. - Referrals, where you will find your unique referral URL, the details of all your subscribers and the total amount of cryptocurrencies that have earned you. You will get a 25% bonus on faucets and 10% on other offers / modalities Finally, let's not forget the chat, which is very useful and very popular with users registered with Cointiply. The pink "Start Chatting" button to access it is not very visible and is located above the left menu. Let us remember once again that the mobile version offers the exact same features as the desktop one. In these days the App version has also been released, to which we will dedicate a specific article! If you still have doubts about this vast faucet site, or rather, would you like to give us some advice, do not hesitate to contact us. Making money with cryptocurrencies on Cointiply is possible! See you soon for the next article. If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
A classic Direct Faucet to earn your Dogecoins online without difficulty. We could define this Faucet as the "different sister" site of BitsFree. Structurally almost identical in all respects with the exception of the reference crypto: the DogeCoin. Also recently built, it shows a main screen that consists of 2 menus, one at the top and one on the side, all always well organized. To register and start earning online immediately, enter a personal Dogecoin address also registered on FaucetPay. Earning Online Dogecoin Let's now proceed with the list of components of the central menu: EARN BITS, in turn divided as follows: - Faucet, which takes you back to the dashboard, is the classic claim that can be made every 60 minutes. The awarded Bits prize will depend on the Lucky Number obtained. A couple of pop-up pages might open. - Shortlinks, divided in turn into 2 submenus. Visit Shortlinks, whose links lead to advertising pages where one or more Captchas must be resolved. Some pop-up pages will surely open. Shortlinks Contest shows the weekly ranking of users who have solved the highest number of Shortlinks. - PTC Ads, also this section now inevitable in faucet sites allows you to get a cryptocurrency reward by viewing advertising pages. It is not mandatory to keep the mouse on the page as it will be sufficient to let the required time pass. - Achievements, objectives to be achieved linked to a high use of the aforementioned earning methods. - Redeem coupon, if you have a code to use as a coupon that is occasionally sent by email. - Referrals, where your referrals URL will be shown. When we write, with the basic registration, you will get 5% on all claims, 5% on Offerwalls and 5% on Shortlinks from your subscribers. The percentages will increase by subscribing to a higher Membership subscription. There are some banners and pre-filled html codes to insert on your sites or blogs. The second part of the menu with the other gain modes OFFERS, includes the usual surveys, video viewing and the most varied tasks. The reward obtained in Dogecoin is very high but not always proportionate to the time spent since the surveys have a very low percentage of reliability. CONTESTS, which will reward users with the highest number of subscribers or with the largest amount of Shortlinks performed each month with additional Dogecoins. LOTTERY, the inevitable lottery inside the site. BLOG, the section with the latest news on DogeBits. MORE, consisting of the following items: - Withdrawals History and Deposits History, shows the last 25 transfers to your external wallets and all the deposits made on the site. - Account setting, where you can enter the Dogecoin address to which to transfer your earnings and change your registration email and password. - Membership, by signing up for a paid subscription you can level up within the site, obtaining in exchange an increase in prizes and services. And finally the side menu. The menu on the left contains many links to the sections previously described. From top to bottom you can change your account details, exit the site (Logout) or make the transfer (Withdraw). Just below is the Dogecoin equivalent of the Bits you have accumulated on the site. This is followed by the Advertise section which offers the possibility to advertise your site via links and banners by relying on the advertising circuit offered by DogeBitsFree. This is a paid service and using the Deposit button you can send the funds you want to dedicate to it. Even further below, your referral URL. In the lower part of the dashboard, the left part is dedicated to all the information on the Bits earned while the right part allows, thanks to the Share button, to share your referral URL on major social networks. The transfer of accumulated Dogecoins (Withdraw) can be made on the personal wallet or the FaucetPay account. The minimum threshold is 100 Dogecoin for the wallet and 20 Dogecoin for FaucetPay. See you soon for a new interesting article! If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
A new way to monetize blogs - looking for feedback please! :)
Hey bloggers, I’m reaching out to ask for your opinions on my startup! - I've listed some questions at the bottom that are my main concerns but any feedback would be appreciated. What it is: A way of monetizing your blogs/sites. We offer a paywall which gives users the choice to view an ad(s) or to pay in micropayments. The problem: Adblocker is leading to revenue loss Difficult for small blogs: only payout when you meet a minimum or only can show ads once you have a certain number of visitors Our solution: Users can pay for access in micropayments (e.g. half a penny) Or, users can view ads for free access. Our ads include Captchas so that adblocker will not work for these. We do not need to aggregate amounts, so you can withdraw earnings straight away. The bit you might not like: Our service runs on the Bitcoin Lightning Network. Aargh, we know this is off-putting for a lot of people. But hear me out… Why we do it this way: Bitcoin Lightning Network has created a way of offering micropayments without the need of aggregating amounts. It also gives users another level of privacy (something many are concerned with in this age of privacy and data rights). Why it shouldn’t put you off: If you’re interested in cryptocurrency then, great, you can keep it and spend it as you like. If you want nothing to do with cryptocurrency then that is totally fine. You can convert your money back into your own currency. Our driving ambitions are: To help content creators get properly rewarded for their work To give users more control over their online privacy and data My questions to you: Would you be more willing to add a paywall to your site that still offered a means of free access by viewing ads? Or would you be totally against a hard paywall? Does the idea of having to deal with cryptocurrency completely turn you off? If we can make it as simple as possible to set-up, could you get your head around the idea of Bitcoin? Any other thoughts that you have would be greatly appreciated! The good and the bad. You can also drop me an email. I’d love to give you some more information and hear your thoughts: [[email protected]](mailto:[email protected]) Ruby 😊
How to earn money on timebucks 2020, Earn free BTC
How to make money on timebucks? Hello. I’m Nam! If this is a question when you join timebucks, then Nam will help you answer this question. How to earn money on timebucks? Ok! Let’s start. After reading this article, questions such as:
timebucks is real or fake
timebucks.com payment proof
All are answered, in detail.
I. 12 ways to make money on timebucks make $ 4,000/ month
Ok, on timebucks, you absolutely can make money with it in 12 ways, however Nam will highlight you 3 ways that can help you make the most money possible. Learn 12 ways to earn timebucks below to optimize your income.
1, Make money from surveys
There are many survey tasks for you to do, if you work hard one day you can also earn $ 5 – $ 10. The surveys are updated hourly, for example, have 20 surveys and the total amount of these 20 surveys is $ 20. This amount is equally divided among all participants. That means not only you do it, you do it slowly, so if you want to make money on timebucks by surveying, you must hurry. The number of surveys will vary from country to country, if you’re in a country where you don’t have a lot of surveys, don’t worry, you can still earn money on timebucks, by another means. 📷
2, Make money with viewing content
Make money on timebucks with content tabs, how? Watching content to make money on timebucks is quite simple, so the amount received is not high. After clicking on the content to watch you will be redirected to the page or video to watch. Watch content including watching videos and watching texts. You need to watch for a fixed time. For example, see the ad on the blog of a certain sales page for 20s. Or watch a certain youtobe video for 30 seconds. In Slideshows tab you will have to see many pages containing ads to receive money. 📷
3, Sign up for the site and get paid
Partners on timebucks need you to sign up and be able to then fancy and use their services. You will register and wait for approval, or you can send a screenshot as proof of approval for faster approval. They pay for timebucks and timebucks return a part to you, but this is not much. Sign up for Timebucks get $ 1 now
4, Earn money on tik tok with timebucks
This is how I hope you will do 100% energy, to make money on timebucks. In timebucks there are very basic instructions including the following steps.
Download the tiktok app to your phone.
Install profile picture, choose theme for tiktok.
Enter your username and 4-digit timebucks for you to verify you have integrated your account.
Participate in building fanbase.
Timebucks will give you the video from the advertiser, your job is to upload it to your tik tok channel, the video posting time is up to 24 hours. After the video is posted, you just need to wait for the timer, timebucks will verify the video has been posted and you get a commission, very simple, right?
5, Watch videos and get bonuses
Initially you will see the video tutorial on basic operations in timebucks, or video tutorials on making money on timebucks. You should watch all of these videos to learn about timebucks, as well as how to make a lot of money. They will then share you different videos, depending on the video, and the amount may differ.
6, Make money by timebucks referral
This is how I hope you will do 100% energy, to make money on timebucks. Why is that? Because this is a source of passive income if you do well. You will get paid commission for anyone you refer to TimeBucks. We pay 15% commission on anyone you refer. That means if your referral earns $10, you will earn $1.50 commission. You will also earn 50% of each Roll bonus your referral wins, so if they roll and win $10, you will also win $5. You will earn 10% commission on any Advertising Funds that get deposited by any user. So if they deposit $100, you will get $10 commission. The reward system is up to 5 levels.What does this mean? You will receive 15% from the person you refer (F1).You will receive 2% from F2, F1 referral to F2You will receive 2% from F3, F2 referral to F3You will receive 2% from F4, F3 referral to F4You will receive 1% from F5, F4 referral to F5 📷 Sign up for Timebucks get $ 1 now
7, Make money with timebucks in Offerwalls
This is an interesting experience where you can get deals, or do surveys with many different websites. You can get paid to download apps, register websites, check products for free … There are several quests that can give good income. 📷
The great thing is you can earn up to $ 10, with just one click. Complete any 10 missions, and play the game of chance, you can earn up to $ 10. Your F1 member also plays this game, you get 50% of the money he rolls. Either way, you will get money in this game.
9, AliExpress – Affiliate Marketing.
This is how I hope you will do 100% energy, to make money on timebucks. AliExpress by Alibabacom, Alibaba Group Holding Limited … You can use this tab to get cash back on items you want to purchase from AliExpress, or you can use it to sell things to other people and you will earn commission whenever someone buys something through your link. Enjoy discounts that you would never be able to get if you shopped directly! After you make your purchase, your cash back will be pending for 30 days in case of refunds. After 30 days, it will be credited to your account. You can promote links on Facebook, Instagram, Twitter, WhatsApp or Email only. You are not allowed to advertise your link anywhere else, especially in search engine advertising. Brand name bidding on search engines is strictly forbidden. For example, if your friend is looking to buy something from AliExpress, tell them to use your link instead so you can earn commission from the sale! Commissions range anywhere from 0% to 5% which is the highest commission rate in the world for AliExpress. (see full commission table below) Please Note: Any cancellations or refunds made after your purchase will result in a chargeback to your TimeBucks account. Special Category – 0% Mobile Phone – 1.5% Computer Perpherals – 1.5% Tablets – 1.5% Desktops – 1.5% Laptop Netbooks – 1.5% Home Audio – 1.5% External Storage – 1.5% Internal Storage – 1.5% Mobile Phone Accessories – 4.5% Interior Accessories – 4.5 Garden Supplies – 4.5% Women’s Clothing – 4.5% Mens’s Clothing – 4.5% Childrens Clothing – 4.5% All Other Categories – 3.5% You can do affiliate marketing on timebucks, this is one of the best ways to make money on timebucks.
This is a simple job, and you can do it all day. But this is a very low paying job, you should not waste time on it. You will earn $0.003 for every 20 Captcha’s you successfully complete.
In this task, you will get paid to complete a fun ‘would you rather’ voting quiz. You will be redirected to a third party website to complete this task. Rates vary and are displayed on the MoreQuizTime website. TimeBucks is giving 85% revenue share to the user for this offer, which is the highest rate in the world out of all the GPT/PTC websites. That means, if you do this task on any other site, you are losing money! We also have a daily ladder competition where the top 50 people who do the most completions will receive a $0.20 bonus! You can see the stats below for the ladder. Sign up for Timebucks get $ 1 now
12, Engage – Make money by watching, downloading and rating videos.
In this task, you will get paid to watch specific Youtube videos. This task is 95% automated as once the video starts, you can perform other work in another browser tab so it’s passive income. You will be redirected to a third party website called Engaged Hits and then you will be prompted to register with your gmail email. You will land on their ‘Earn Money’ page that has a very clear step by step video and PDF tutorial on how to install their Chrome Developer extension and earn by watching videos. You will get paid for every 10 videos watched. Each time you watch a video, the counter on this page will go up. Please watch the embedded video below which will walk you step by step what to expect so you can get up and earning immediately. Rates vary and are displayed on the Chrome extension. TimeBucks is giving a 100% revenue share to the user for this offer, which is the highest rate in the world out of all the GPT/PTC/Faucet websites. That means, if you do this task on any other site, you are losing money! We have TWO BONUSES! Bonus #1: Loyalty Bonus If you watch 20+ videos (2 rounds of 10) for 30 days you will receive a $1.00 bonus! You can see the stats below. Once you have finished watching the tutorial, click the green “Start Engage” button underneath. Bonus #2: Video Review After you have completed the 30 days and already earned your $1.00 loyalty bonus, you can now earn another $5.00! The FIRST 100 people that send in their review or testimonial of your experience using Timebucks will earn $5.00. This is not a raffle. You will earn it if you are among the first 100 people. The winners will have their videos displayed on this page so you can keep track how many have been submitted. The video however must be of high quality. It can be a screenshare of a video of yourself.
13, Earn money on timebucks with Sweepstakes
TimeBucks has a weekly sweepstake prize give away where a total prize pool of $500 is awarded to 30 winners each week. The winners are drawn at 12am Friday each week. Once the prizes are drawn, your entries will reset to 0. You can’t buy entries, instead you will get entries for free by performing various tasks around the site. Below you can see how many entries you will earn for the tasks performed: Logging in daily: 100 entriesAny task you do you will get 1 entry per $0.001 you earn: 1 entryReferring someone to TimeBucks: 200 entries Below is a list of prizes that will be won
1st – $250
2nd – $50
3rd – $30
4th to 10th – $10
11th to 30th – $5
This week I was lucky to receive $ 5, I find this lottery game interesting. You will be startled when adding $ 250 with just 100 lottery tickets. What do you think? Please feel free to share with me what you think. 📷
II. How to get referral links to Earn money on timebucks
To make money you must have an account and know how to get your reffer link, timebucks create a lot of landing page links for you to choose, to see which link is most likely to convert. If you still do not know the advantages of reffer system, you can see in this article. There are 3 ways to get links to promote to make money on timebucks. After logging in timebucks, we will go to “DASHBOARD” in position 1 to select the appropriate link. 📷 You can see the referral link in the red rectangle. This is the default link, not a high conversion page. In the left arrow position, when you click, will also have this default link. You copy and share to everyone. In the left arrow position, when you click, you are redirected to the landing page link, which has a higher conversion rate.
III. How to share referral links effectively?
Now you can share them on social networks like facebook, twitter … to introduce to friends and earn extra income, from timebucks. You can be a review of timebucks, on channels like blogs, youtobe … anywhere you can share. You can use advertising tools to reach customers, what about this opinion. You have another suggestion for me, I’m ready to listen. Sign up for Timebucks get $ 1 now
IV. How to withdraw money from timebucks
How to withdraw from timebucks? Timebucks they offer many ways to withdraw money like Payeer, bitcoins …. Depending on the geographical area, you can choose different ways to withdraw money.
V. How to share referral links effectively?
Building social media channels like facebook, fanpage, group, etc. Make youtobe channel, tiktok channel to share videos … Make a blog / website sharing content about timebucks, cleverly insert referral links Run advertising campaigns if you have a lot of capital to get started. Share now with 5 – 10 of your friends …
IV. Concluding remarks on the article “How to make money on timebucks 2020?”
Making money online on timebucks is completely real. How much you earn depends on how you plan to grow. Tips, see how to make money on the best timebucks below Number 1 – Affiliate Marketing – AliExpress Number 2 – Tiktok Number 3 – Referral Here are 3 ways that can help you earn $ 4,000 / month with timebucks. Money is not easy to find, how to do may show you, but determination is no one to help you. You should develop with the ways that I only have free time to do other tasks to optimize income. Thank you for reading the article, like and share if you find the article valuable. Sign up for Timebucks get $ 1 now
FreeSats is a paid-to-click (PTC) site where members can earn BTC for viewing ads and advertisers can target bitcoin users. Earn Bitcoin with this amazing website! RushBitcoin.com Promote or Earn! Futuristic bitcoin advertising portal ... Advertise for as low as 4 Satoshi per view! Members. Earn FREE Satoshi every 3 minutes ... No limits on earning amounts or referrals; PTC Ads, Shortlinks, Offerwalls, CPU Mining and more; 100% Provably Fair Investment Game; Earn up ... Best Bitcoin PTC sites to earn Bitcoins by clicking ads: Here are the Top 10 legit Bitcoin PTC sites to earn free Bitcoins by viewing BTC PTC ads. You can also, check out – Free Bitcoin Faucets. Ad. YouGov: Join Today and earn Free Bitcoin! You can earn Bitcoin from Faucet, View Ads, Play arcade games and more! EarnBitcoin. Home. Earn Bitcoin. Payments Proof. Register. Login. EarnBitcoin Earn Free Bitcoin with EarnBitcoin.Cash Join Now! 1060 users. 1.01384031 BTC ... Get Paid In Bitcoin To Click & View Websites. Get paid for your attention.Join now and start earning $.01 for every website you click and view for 20 seconds...Get a $1.00 instant account bonus when you join today!. Start Earning
Hai friends in this video i will upload new free view ads website unlimited without investment without refer free So friends keep watching full video still e... How To Earn Free Bitcoin Online Fast View ads Claim faucet Complete Task and Earn Free Bitcoin Website Link https://dogemate.com/ref/013876275 👇 Earn Mone... Ads4bitcoins - Earn bitcoins by view ads - Payout 0.0001 BTC visit link : https://goo.gl/qL9G0Q As member you can earn simply by viewing all the advertisements They display. View Ads And Earn Bitcoin Without Invest Non Stop Earning No timer No limit Earn Free Bitcoin 👉Website Link https://earnbit.xyz/ref/EarnPay 👇 Earn Money O... per ads rate 100 bitcoin satoshi Joining link . https://finalmentemain.com/register.aspx?u=Badaloli