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CATEGORY: fountain


Lightning Speed: 5 Ways To Make Money/ Earn Sats Using The Lightning Network

Author: Eduardo Próspero
United Kingdom
Sep 01, 2022 04:45

Lightning Speed: 5 Ways To Make Money/ Earn Sats Using The Lightning Network

Earning sats for the first time is a magical experience and NewsBTC is here to guide you through it. The Lightning Network gave bitcoin real micro-transactions with extremely low fees. That opened up new avenues for the bitcoin network to expand through, avenues that the world is just beginning to explore. In the following text, we will present five projects that pay their users or allows them to get tips from the community. In sats, using the Lightning Network. Unlike most altcoins, bitcoin is truly scarce, has a hard total cap, and wasn’t pre-mined. The rewards that the following projects offer are low compared to million-dollar NFT collections and untenable 20% yields. However, you will earn real bitcoin by exploiting your hobbies. Cross your fingers, let’s hope this first guide has something for you.  Related Reading: Lightning Speed: Open-Source Bitcoin Banks’ Fee Structures For Inbound Liquidity Before advancing, though, let’s quote Stacker News’ FAQ for a definition of sats AKA satoshis. “Sats are the smallest denomination of Bitcoin. Just like there are 100 pennies in 1 dollar, there are 100,000,000 sats in 1 Bitcoin.” 1.- Earn Sats Playing Games With Thndr Go to Thndr, download and play classic games, like Snake, or new and original ones like Turbo84 or Bitcoin Bounce. The company can’t give you sats directly because of Android App store’s restrictions. You can earn them, though. “Each ticket you collect is an entry into the daily prize draw.  The more tickets that you collect, the more chances you have to win the bitcoin jackpot.” It certainly beats playing retro video games and NOT getting paid for it. Thndr ? https://www.thndr.games/ 2.- Get Tips For Your Pictures With Starbackr Publish your pictures and videos and get rewarded by the community on Starbackr. Tips in sats might not be the ideal way to support creators, but then again, maybe they are. Let’s experiment and see what the market says. And speaking about experiments, it seems like this service is just the first stage and not Starbackr’s final form. The company’s About Us says: “We build the platform of choice for digital content creators with instant payments, low friction, and free of moral censorship. Building on the Bitcoin Lightning network allows us to deliver a content monetization platform that is dramatically less expensive, faster, and more creator-friendly.” So, don’t lose faith if you’re not a photographer. We might hear about new services from Starbackr again in the not-so-distant future. Starbackr —> https://app.starbackr.com/ BTC price chart for 09/01/2022 on Bitstamp | Source: BTC/USD on TradingView.com 3.- Get Sats For Your Content In Stacker News Stacker News is a bitcoin-focused Hacker News clone that rewards content curation and production. The way it accomplishes this is the fundamental difference between the two sites. “Rather than collecting “upvotes” that are not redeemable or transferable on Reddit or Hacker News, Stacker News users earn sats that can immediately be spent anywhere,” their FAQ says.  Each upvote or comment that your content gets rewards you with 1 sat minimum. Publishing is not free, though, it also costs 1 sat. This is one of the most evolved projects on the list, so there’s an economy around it and the team has developed new functionalities. For example, you can pay to boost your content and users can boost their upvote by rewarding more sats.  Stacker News –> https://stacker.news/ 4.- Cut Clips From Your Favorite Podcasts In Fountain Fountain is a Podcasting 2.0-enabled app that distinguished itself from the crowd by allowing users to earn sats. You can listen to sponsored content and advertisement. Alternatively, you can comment or cut clips from your favorite podcast. If users like those comments or clips, you get a cut. Plus, the satisfaction of aiding in the promotion of your favorite podcast.  Mind you, another possibility that Fountain and similar apps provide is that you can produce a podcast and get rewarded by the community under the Value-for-Value model. The barrier of entry is much higher, sure, but podcasting might be your calling.  Fountain ? https://www.fountain.fm/ 5.- Trade Derivatives In Sats Through LN Markets If technical analysis is your forte and fundamental analysis excites you, LN Markets offers an easy way to play the markets. “Trading is done directly from any Lightning wallet and enables super fast access to derivatives markets. Open a position by making a Lightning transaction, close the position and receive the money directly in your wallet,” their FAQ clarifies. Open a trading position only if you know what you’re doing, though. At least watch a few NewsBTC Daily technical analysis episodes to kickstart your learning process. Or use LN Markets in testnet, which is also possible. Whatever you do, remember that playing the markets comes with inherent risk and that even the most experienced traders suffer devastating losses. Don’t use money that you can’t afford to lose.  LN Markets ? https://lnmarkets.com/ Related Reading: Lightning Speed: Branding Opportunities On The Lightning Network, A How-To Guide Before closing, some of these services assume that you already have a Lightning Network-specific wallet. Go and learn how to set one up before interacting with them. This closes NewsBTC’s first guide to making money through the Lightning Network. If you want more content like this, tell us through NewsBTC’s social media channels. Featured Image: Bitcoin Bounce screenshot from Thndr Games | Charts by TradingView

Jun 23, 2022 11:05

Fountain Now Allows Users To Earn Bitcoin While Listening To Podcasts

Fountain, a podcast platform for creators and consumers, now allows users to earn bitcoin while listening to shows and ads with a host of other features.

What Is Fountain Crypto FTN?

Author: Owotunse Adebayo
Germany
Dec 05, 2021 07:15

What Is Fountain Crypto FTN?

Thanks to growing interests in digital assets, an incredible influx of new cryptocurrencies, such as Fountain. Following the growth of Bitcoin, the crypto industry is presently one of the most valuable industries—attracting mainstream attention. Today, users can easily access digital assets through various exchanges.

What is Fountain?

Fountain is a content ecosystem based on proof-of-contribution (POC) mechanism. According to the official website, the community seeks to create a win-win ecosystem. And to create such an ecosystem, it plans to reward creators with the project's native token FTN. This way, crypto holders will benefit from the project’s profits.

So, the project hopes to change the approach to content contribution. For instance, when users contribute numerous content to promote a particular project, most of them do not have proof of contribution, meaning that they cannot receive rewards for their contribution.

To change this outlook, Fountain is a blockchain-based platform hoping to change the status quo. To bolster the point, it explained that, for example, if you were an author on quora and have contributed to the forum, you may not get rewards due to the lack of proof of contribution.

Why Fountain Exists

Creators made Fountain due to problems associated with traditional content communities. In these communities, authors have created great and helpful content but hardly receive rewards on the platform. For instance, many contributors have been part of Twitter and Quora's growth by contributing unique content, reading those content, and commenting on the platform.

This, in turn, has helped the communities become very popular, enabling them to earn billions of dollars through users' content. However, not many of these platforms reward their creators, despite their contribution to gaining mainstream popularity. Fountain finds this unreasonable and hopes to change this narrative. This pushed Fountain's creation—creating a platform for fair distribution of rewards for content creators.

How Fountain Works

Unlike in mainstream content sites, things are different on this platform. The official website explained that creators, who have helped the community, especially promotion and exposure, should receive rewards based on their efforts. It's not surprising to see crypto enthusiasts shilling particular coins and also raising awareness on them. Because many people believe in certain projects, it becomes easier for them to tell others about them. This is how publicity plays out in the digital asset community.

Additionally, Fountain explained that users could join quora built on the blockchain. However, in this instance, when you finally leave the platform, you get rewards depending on your contribution to the community. While these tokens are still undervalued, the website suggested that the tokens awarded may become more valuable in the future.

Growth in the digital asset community is something enthusiasts see every day. For this relatively new community, growth means more investors, thereby accelerating asset value. Similarly, cryptocurrencies are known for their volatility, which helps them achieve notable growth even within a short period. This makes it easier for holders to record gains and make profits. With Bitcoin's unexpected growth, many investors hope to buy another asset, which may assure similar growth.

Aim And Mission

The project plans to follow some clear and fair rules and regulations in awarding contributors. It asserts that content creators would get their assets after appropriate calculation of rewards, encouraging people to contribute towards the platform's growth. Additionally, Fountain believes that there will be numerous authors, investors, and readers—making it a win-win community thanks to the rewards.

Proof of contribution (PoC)

To create a suitable ecosystem that rewards users for content contribution, Fountain leverages the proof of contribution mechanism. The community emphasized the importance of the proper rewarding of contributors to ensure sufficient encouragement. When users know that they would receive rewards for their contribution, this may push them to create content regularly.

That said, creators may also enjoy value growth when the assets skyrocket. While still growing, if the community attracts mainstream attention, it should get more investors and contributors, enabling holders to record more noticeable gains.

Governance

Fountain encourages participation in public affairs, enabling transparency, fairness, and inclusivity. This would also reduce the workload on applications while enabling users to vote on proposals. For governance, users interested in drafting proposals will pledge some of their FTN for the submission.

Content contribution

Content is highly valuable on Fountain since it is a way users can receive FTN. The project would look at the creator's content and the reader's contribution in terms of time spent reading and comments on the post for asset rewards.

How To Get Rewards

To get rewards on the ecosystem, you must contribute to the project’s development. The system will reward users who contribute with proof of contribution and also receive rewards. Some of the few ways to earn rewards on the ecosystem include creating content, sharing, and Commenting

What Is FTN Token?

FTN is the native currency of Fountain's ecosystem. Fountain rewards contributors with this token, using the proof of contribution mechanism. The token is an Ethereum-based asset, which the system would use for Fountain’s governance also. Users have to contribute some FTN to create proposals.

Should You Buy FTN Token?

You can FTN if you believe in receiving rewards for content contribution. While the asset is still in its development stage, the community explained that the ecosystem would distribute content creators fairly. If you want a community that strives to reward contributors, you should buy this asset.

Fountain Crypto© Cryptoticker

The post What Is Fountain Crypto FTN? appeared first on CryptoTicker.

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