So, the complete crypto world is flooded with news and articles centered around cryptocurrency trading. And why not, cryptocurrency trading has given birth to many millionaires in last 3 years. But advisers run no risks and many have also lost their wealth by falling prey to scams and shady cryptocurrency projects. A question that is often ignored and has triggered many debates is “How far are when we talk about cryptocurrency adoption?”. So we took the challenge.
Why this “real” blockchain adoption is crucial?
In order for cryptocurrencies to be really mainstream, it is very necessary that cryptocurrencies are part of the daily economy and are traded for real-world services. In other words, instead of acquiring cryptocurrencies through “buy” they should be earned in exchange for services. And then there should be an infrastructure that allows to ‘spend’ cryptocurrencies in exchange for daily items of need.
So it drills down to the existence of ways to earn crypto and parallelly spend them. Here is a brief list of some popular blockchain projects where actually you can earn considerable cryptocurrencies.
Blockchain projects where you can earn cryptocurrencies using your skills
On top of the list is Steemit, no doubt there are instances like one below where steemit has proved worthy for publishers. In nutshell, steemit is basically a content publishing network where users get paid for their activities like upvotes,
An exceptional case of high earning from steemit
The Steem blockchain is consistently minting new STEEM tokens and adding them to a community “rewards pool.” The STEEM is then awarded to users for their contributions, based on the votes that their content receives. Create valuable content and get rewarded, so the theory goes.
It’s not easy to earn on steemit as is claimed. An author reported that:
“Out of 230 articles roughly 5 had any noteworthy returns, none of which offset the cost to write them. They also have a shelf life as long as a tweet […] I’m going to have to give Steemit a ‘D’ for content creators.”
One article alleges that the initial distribution process of tokens was rigged and that Steem is not truly a decentralized network.
LBRY is an open-source and decentralized platform for video content sharing which rewards you for content consumption. Yes, you read that right. Not only are you rewarded for content creation, but for content consumption.
In the long run, LBRY’s economy can provide a mechanism for the remuneration of content creators, namely with tips from content users in the app’s native LBC token (short for LBRY Credit). The app comes with a dedicated LBC wallet. Other ways to obtain LBC’s are contributions to the LBRY project and mining
In order to use LBRY you need to install the app available for linux, macOS, and windows.
How much can you make using LBRY? Here is an explanation we found on LBRY website:
“With YouTube monetization, creators earn a variable amount based on viewers’ engagement with ads. There is no set formula, but we’ve found a reasonable guest estimate of around $2 per thousand views. This works out to a penny for 5 views. So on LBRY, if you charge just one penny per view (a price any viewer would pay without a second thought), you may get 5X the per-view earnings you’d get from YouTube instantly!”
D.tube is another project that is built atop of steemit blockchain. Though not so popular like steemit, but still the project has gained momentum in past year.
The D.tube project uses the same blockchain and underlying economic mechanisms as of steemit. In a nutshell, D.tube, a decentralized video platform based on the InterPlanetary File System protocol. D.tube is YouTube without the advertisements (and user base) – instead, it uses the built-in Steem currency to reward content producers. D.sound is another example, in this case for audio streaming.
What if an app rewarded you for your sole existence– something that is not usually done except by your own mother, am I right? The app that does just this is called SMSChain. Its founders call SMSChain a decentralized SMS gateway, and that is essentially what it is.
Anyone who buys a SMSCHAIN token and installs the app can make money automatically by selling their fresh SMS messages. Program users can set up the total number of messages sent by SMSCHAIN daily, in addition to the type of content to send (example: transactional messages from Google, Facebook, WhatsApp, etc.).
It’s claimed that you can start selling your unused SMS messages for a financial reward and possibly earn around $6,000/ month from your mobile device automatically after establishing your account! If you don’t have substantial unused SMS or wouldn’t like to sell a lot of messages, you may still easily make a few hundred a months using the app.
Of course, Buy and “hodl” on
This is perhaps the most straightforward means of participating in cryptocurrency growth without having to be too active about it. If you’ve been watching the price of Bitcoin, it has grown significantly in almost a decade of existence. Thus, people who have bought and held on to their cryptocurrency see themselves reaping the rewards of an upsurge in value.
The “bloodbath” of January 2018, led to the downfall of many blockchain projects. Though the crypto market is still very far from what can be called “adoption” or “mainstream”. But the recent controversies surrounding Facebook and the ban on crypto ads by major social networking sites as well as Google have opened doors to opportunities.
The users will be more inclined to search for alternatives as a monopolistic behavior of these giants keeps increasing. The future of blockchain is bright and the increasing demand will definitely give rise to more worthy projects.
Did we miss any important blockchain projects you used to earn cryptos? Please mention in the comments below.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.