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Reddit has jumped into the world of cryptocurrency with a new optional program called " Community Points ", which is currently being run on the Ethereum blockchain. Reddit has announced a wait-list for the upcoming expansion, which will entail Redditors gaining Community Points for participating in their respective communities. Points can be gained by uploading content that is deemed valuable by the community or volunteering to moderate the community.
The new program is currently running on the Rinkeby testnet version of the Ethereum blockchain, but there are plans to migrate it over to the Ethereum mainnet eventually. Any subreddit that chooses to participate in the program will get " Special Memberships " enabled, which can then be purchased with Community Points by users.
Special Memberships include unlocks such as badges, GIFs, animated emojis, and more. Additionally, the program includes a " weighted polls " feature that will enable devoted community members with high Community Points to have a larger voice in the subreddit. In the subreddit, they are displayed next to usernames, so the biggest contributors stand out from the crowd, " writes the website.
The program is currently in beta phase, and Reddit has banned any trading, selling, or buying of Community Points. While Reddit has warned against trading the tokens, when the program is migrated to the Ethereum mainnet, the tokens will likely be swapped or sold just like every other token on the ERC network.
Some methods of getting free crypto require little to no effort on your part while others require a little investment of your time. Most of these methods are pretty simple and all of them are legitimate we've checked them out for you! New to the world of crypto financial products, crypto credit cards and prepaid cards offer you rewards in the form of cryptocurrency. These cards function just like regular, traditional reward credit cards, but instead of cash-back or points you earn crypto.
The Crypto. All rewards are paid in CRO, the native token of the Crypto. Are you holding on to your crypto? Find a crypto savings account that will pay you a yield for depositing your crypto into it. Be advised, however, that this is risky. Most crypto savings accounts aren't FCS insured so if the exchange gets hacked you could lose everything.
How to earn cryptocurrency. An easy way to get free crypto is by capitalising on promotions and bonuses that offer free crypto in exchange for your signup, follow or activity.
Watch for promotions that reward you for things like subscribing to a new podcast, signing up for a newsletter or following and sharing crypto posts on social media. Many popular crypto exchanges offer a signup bonus to new users. Already using a crypto platform? You can refer a friend and cash-in on the platform's referral bonus. Learn crypto, earn crypto. A great way to earn free crypto is to participate in learning about crypto projects through a platform's educational hub.
Some cryptocurrency platforms reward users for simply watching videos, reading articles and taking the odd quiz or two. As you progress through the platform's courses, you are rewarded with free crypto. Here are some examples of where you can earn to learn:. Binance is the world's largest exchange and offers rewards for over 30 different cryptocurrencies through its earn program.
You'll need a fully KYC'd account to check if you're eligible. Rewards are paid out 48 hours after you complete each quiz and need to be claimed within 14 days. Watch tutorials on select cryptos then take simple quizzes to earn small amounts.
Earn once per quiz. Coinbase, one of the largest crypto exchanges in the world, offers Coinbase Earn which lets you earn tokens for watching educational videos on how specific cryptocurrencies work. Ace the quizzes after watching these videos and earn tokens for your mastery.
LunarCrush is a platform that distills down the crazy world of crypto by combining info, news, tweets, etc. According to LunarCrush, the more you use the platform, the smarter it gets, learning what interests you or not. Your participation on the platform earns you points that you can claim for Lunr - that platform's utility token.
PublishOX is a platform that lets both authors and readers earn free crypto. It's pretty simple. You get rewarded in free crypto for reading an article and then you're asked how much you want to split the reward with the author of the article. The amount you decide is immediately deposited into your account. A fun way to earn free crypto is to play games that reward you in crypto.
Play one of the following games to earn small amounts of crypto for free:. Play the game and get rewarded in Bitcoin or Ethereum. Watch this video to see what this game is all about:. Play CryptoPop and get rewarded in Ethereum or Popcoin. Group like coins together to pop them. The more coins you manage to group together, the more points you get. The fewer coins you end up having when you reach the end of each stage, the higher the bonus you get. You'll need to create a Coinbase account in order to earn your bonus.
It's available on Google Play or the Amazon Appstore. Earn Bitcoin by playing CryptoWord. Connect letters to form words. Score at least points per word to gain 1 Satoshi nano Bitcoin.
It's available on the Google Play store. Brave browser is a free and private browser that rewards you for choosing to view ads. When you download it, you'll be asked if you want to enroll in Brave Rewards. If you say yes, you'll be shown only high-quality ads and get rewarded with Basic Attention Tokens BAT which you can use for just about anything, from frequent flyer miles to purchasing NFTs.
A browser extension that you can use within the Brave browser to earn even extra rewards is the Presearch extension. Presearch is a decentralised search engine that rewards you with Presearch tokens PRE for using it. Presearch also promises fewer ads and greater privacy.
Another option to earn free crypto is the Lolli extension, which is similar to the Honey extension. All you have to do is add it to your browser and just shop online. You get free Bitcoin or cashback from your purchases, which are held in your Lolli wallet. Lolli is currently only available in the US, but you can join its international waitlist. An airdrop is when a crypto platform gives away tokens for free.
Yes, this really happens, particularly when a platform wants to grow its user base or a developer wants to gain a following for a new cryptocurrency. In order to collect on this free crypto giveaway, you'll need to have your own private wallet not a wallet on an exchange that is associated with the blockchain of the crypto being given away. For example, downloading the official Ethereum wallet will maximise your chances of receiving airdrops of new tokens that are built on the Ethereum network.
You can follow some of the latest airdrops at airdrops. Airdrops are usually a part of initial coin offerings ICO many of which turn out to be scams. Make sure you do your due diligence in researching which ICOs you want to take part in. While it can be exciting to get in on a new cryptocurrency from its beginning, if it doesn't take off, an airdrop can leave you with a useless cryptocurrency that has no value.
Performing micro tasks on sites called "crypto faucets" can earn you very minimal amounts of free crypto. Tasks can include things like taking surveys, clicking on ads, playing games or watching videos. Beware, these sites are usually prime for scammers and it can take a very long time to earn a redeemable amount of points or tokens.
If you have a lot of free time on your hands and this idea interests you, two popular crypto faucets worth checking out are Bituro and Cointiply. Check out our cryptocurrency hub to learn more about how cryptocurrency works, the top cryptocurrencies right now, how to use crypto and why it's so important.
If you're interested in buying or selling cryptocurrencies instead, use the table below to quickly compare crypto exchange fees, fiat currencies, deposit methods and more. Once you've found the right fit for you, click Go to site to get started. Jaclyn Hurst is an associate editor at Finder.
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