If you don't know by now, the cryptocurrency world Is one of many twists and turns. The first time I ever heard of the term digital currency, I was like, HuH??
The term Bitcoin was starting to ring a bell to me, but cyrptocurrency is so much more than that?
When I started learning more about cryptocurrency, I realized that there were many ways to earn free coins. Airdrops is one way to earn free cryptocurrency but requires very little work. https://steemit.com/cryptocurrency/@gumbotrader/airdrops
Bounty Campaigns however require more work then Airdrop rewards do!
Bounty campaigns is another way of earning free cryptocurrency. However to earn free cryptocurrency through bounty campaigns, requires some promotion on your part. In some cases it will require a lot of promotion on your part.
You will be promoting a cryptocurrency a.k.a a token or coin. Depending on what the utilization of these tokens or coins are (basically what they are used for), they are referred to as projects. So when you see the term project(s), I am referring to a cryptocurrency a.k.a, a coin or a token. In no specific order; they are all one in the same for the sake of this post. So let's get started.
Lets take a look at what some of these promotions can require from you. I will focus on twitter bounty campaigns and what is required of you to qualify and how to keep it that way. Now this example is based on my experience with twitter bounty campaigns. The numbers used in my example may be higher or lower depending on what campaign(s) you decide to participate in. These are just the requirements I am familiar with.
Bounty campaigns are created and funded by start-up cryptocurrency projects. These campaigns, which are mainly start- up ICO’s, will reward you in the form of the cryptocurrency project’s tokens or coins. Anyone can participate in a bounty campaign as long as you meet the qualification(s) below.
Twitter Bounty Campaign
Qualifications include:
Approved amount of Twitter followers
With twitter promotions, the more followers you have, the better. A twitter campaign will reward you weekly if you have anywhere from 500 followers up to, well the most I saw was, 35, 000 followers. It may look something like this.
Followers
- 500-1000 5 tokens a week
- 2500-5000 15 tokens a week
- 5000-35,000 25 tokens a week
So what do these twitter promotions entail? Well I'm glad you asked. Most twitter campaigns include:
retweets: These retweets aren't just any retweets. These have to be approved retweets from the Bounty Campaign you are participating in. All you have to do is retweet their official tweets from their own twitter handle, and off you go. Normally the maximum amount of retweets is about 5 retweets a week and they can't be done on the same day either. The reason they do this is to avoid the appearance of spamming.
tweets: Just like above, they can't be any tweet. These have to be positive, informative tweets about the project you are tweeting about. Never tweet anything negative about the project you are campaigning for and never tweet useless tweets to, like for example: " I love this coin." Do either of those can get you disqualified and you will lose all the rewards you earned up to that point. Normally the maximum amount of tweets is about 5 of your __original__tweets a week and they can't be done on the same day either. The reason they do this is to avoid the appearance of spamming.
Twitter bounty campaigns to me is the most easiest and most popular campaigns out there, especially if you have a big following. Now there are other bounty campaigns that you can qualify for. I just mentioned in this post, the twitter bounty campaign qualifications. You can participate in multiple bounty campaigns for a project, it’s up to you. The most effective way to campaign is to commit to one project at a time for maximum return. Best of luck campaigning!
Yes there are lots of different ways to get free crypto.
Personally, I am not a fan of the bounty as like everything the big players in the social media space promote and share crap coins without doing much research.
Airdrops are great and easy to join, plus if you review them and share you can get some extra coins.
Ethos are currently doing a giveaway / airdrop of several coins if you pre register for their wallet before 31st Marc
Confirmedned coins so far Axpire, BitDegree and Smart Cash.
Thanks
I wonder if someone has done a cost-benefit exercise on these campaigns. Do they really work in promoting tokens?
$155.83 and no comments :|
Great article, thanks for sharing. I've smashed the like button for you!
There are many ways to earn your cryptocurrency, people are too lazy or too focused on investing into ICOs without knowing anything.
If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
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I am worried if a coin turns out to be a scam that I could be in legal trouble for promoting it.
Steady and extraordinary your post, add knowledge and I like your post, thank you for sharing