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parent_permlink | hive-167922 |
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author | gaelkot |
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permlink | making-the-most-of-publish0x-s-free-cryptocurrency-reading-scheme |
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title | "Making the Most of Publish0x's Free Cryptocurrency Reading Scheme" |
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body | "![Pink Photo Beauty Influencer Minimalism Facebook Cover4.png](https://i.imgur.com/FhasiV4.png)
For those of you that don't know,[Publish0x](https://www.publish0x.com?a=y1aKOR2GaQ) is a Cryptocurrency platform that rewards people with free Cryptocurrency for reading and writing articles. Predominantly, these articles focus on the Crypto world, although some users do choose to write about other things. It currently rewards Crypto in: #ETH, #AMPL, and #FARM and has a minimum withdrawal of $1 in any currency. So in comparison to some platforms, it does have a more favourable withdrawal scheme as there's a much lower threshold to meet. If you're just looking to read articles then you can still earn Cryptocurrency.
![](https://torum-bucket.s3.us-east-2.amazonaws.com/600581daae773d25fc101e33/post/media/600581daae773d25fc101e33_post_1611741105.png)
In order to prevent people just pretending to read articles and ruining the free tipping system, you're limited to 6 tips per day (this does not apply to the number of people tipping your articles. Authors can receive an unlimited number of tips on their articles). When it comes to tipping, the reward is somewhat random.
![](https://i.imgur.com/IItmPxf.gif)
When a user reads an article, it creates a small pool of Crypto to be shared between the author and the reader. The reader gets to control how much of a percentage of the tip goes towards the author and how much goes to themselves. It's worth noting that your first tip of the day is always going to have the most Crypto in the pool, with subsequent tips gathering from a lower and lower pool. By default it sets it so that 80% of the tip goes towards the author and 20% goes to the reader. It's worth considering saving your earlier tips for your favourite authors, and playing around with the percentages as the tip pool reduces.
Now, there is the possibility that you could just set every tip to be split 80% towards you and 20% going to the author. But hear me out on how it pays off to be smarter about your tip donations. One thing I like about Torum and LeoFinance is that there is an incentive towards putting out high quality posts and engagement. Torum and LeoFinance rewards good content providers, and as such the system naturally punishes those attempting to spam the platform for Crypto. This is unlike some other platforms where such systems are easily exploited by spammers and scammers to gain Crypto.
We don't want more Crypto platforms falling into the same area where good quality content producers are pushed out and scammers are allowed to take over the platform. Which doesn't work well for anyone in the long term. With a hyper focus on scammers and spammers, we can often let high quality content creators get overlooked. A way to encourage them to keep producing high quality content, is to be more generous with our tipping. By choosing to focus our six tips of the day on quality writers, we're encouraging their work and a better quality of content on the site overall. It pays to actually read the articles and not tip people who are just attempting to churn out trash for a quick tip.
![](https://torum-bucket.s3.us-east-2.amazonaws.com/600581daae773d25fc101e33/post/media/600581daae773d25fc101e33_post_1611741632.png)
One thing I like about [Publish0x](https://www.publish0x.com?a=y1aKOR2GaQ) , is that even as a reader you can make use of the refferal scheme. By promoting [Publish0x](https://www.publish0x.com?a=y1aKOR2GaQ) to other people, you can gain a percentage of the tips they make each day. If you can't write promotional articles, don't worry because one of their best features is the ability to add your refferal link to any article on the site. By sharing and promoting other people's work, this can help you in multiple ways:
- By promoting articles, if people read them then decide to sign up you're going to make some extra Crypto from each of their daily tips. While 5% isn't a lot, it means that you're still gaining some extra Crypto each day. Remember that [Publish0x](https://www.publish0x.com?a=y1aKOR2GaQ) has the low withdrawal threshold of just $1, this can very quickly be met.
- Writing can be a really difficult task. It's hard to keep putting out work that takes a long time and not get any feedback. By sharing and promoting content creator's work, you're encouraging them to keep going. Rewarding hard work is one of the best ways to minimise the impact of spammers, because they can't game the system in the same way. It means more good authors creating high quality work, and not being discouraged or falling into the trap of turning into a spammer themselves.
- By sharing interesting Crypto articles you can benefit in two ways. With every interesting article you share and input about, you've just created the opportunity for an interesting discussion. This will encourage people to follow and engage with your content. A lot of people are new to the Cryptocurrency world and will greatly appreciate those sharing articles that can help them. It can be hard to know where to look, how to stay up to date, and so on. People will recognise you as someone that's kind and helpful.
Writing comments on [Publish0x](https://www.publish0x.com?a=y1aKOR2GaQ) doesn't award any Cryptocurrency in the short term, but in the long term it does have the potential of awarding you with Crypto. Now, hear me out. You may in the future decide that you want to start writing your own Cryptocurency content, and it's important to be cultivating a potential readerbase now. Authors are always going to appreciate those that leave high quality and valuable reponses to their work. It can be really motivating, it can give them new ideas of things to write about, and it can help promote their work (often articles get featured as a result of high user engagement).
As you continue to write high quality comments, authors will begin to recognise you and may give you a follow as a way of thanks. They're likely to remember your name and when they see you putting articles out they're going to want to return the favour. By sharing interesting and helpful articles with other people, you're going to get the reputation of someone that promotes actually helpful & interesting high quality content. People are going to want to follow you and engage with you because of that! This can give you access to a much higher potential readerbase (and subsequently more potential to be tipped) than if you had never done these things to begin with. Never underestimate just how powerful being recognised as helpful or kind can be. In the long run, it will always pay off to be thoughtful and appreciative.
Thanks for taking the time to read this article. If you appreciate what I've had to say, please consider signing up to [Publish0x](https://www.publish0x.com?a=y1aKOR2GaQ) using my referral link: https://www.publish0x.com?a=y1aKOR2GaQ or checking out the articles I have published over there:
- [How to Avoid Cryptocurrency Scams](https://www.publish0x.com/cryptogael/how-to-avoid-cryptocurrency-scams-xzwgoqw?a=y1aKOR2GaQ)
- [Torum: The Revolutionary New Social Media Platform for Cryptocurrency Enthusiasts](https://www.publish0x.com/cryptogael/torum-the-revolutionary-new-social-media-platform-for-crypto-xvwmkmk?a=y1aKOR2GaQ)
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gaelkot/making-the-most-of-publish0x-s-free-cryptocurrency-reading-scheme)" |
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