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Update: 02 February 2019: We have now added Appics to the list of cryptocurrency Instagram hybrids
Attention millennials listen up I know times are tough, and everyone could do with a side hustle right? Well, side hustling is hard, and not everyone has the chops for it right? Wrong! 2018 is the year you learn to monetize your spare time so you can pay for all those avo and toast sarmies.
So how I'm I going to convince you to get on the easy side hustle train? I'm not, I'm simply going to explain it to you, and you can take it from there. If you like to spend your time on social media and enjoy posting pictures of anything you find interesting, why not get paid for it? Did that get your attention? Good! Now for the technical stuff.
Two competiting cryptocurrency websites have started picking up traction in recent months that reward users for posting their photos on their sites, they are called Steepshot, and the other is called Mithril (And no not its the armour Mr Frodo wore in The Lord of the Rings)
What is Steepshot?
Steepshot is a Dapp that runs on Steem blockchain and bears a striking resemblance to Instagram. The premise of Steepshot is that it rewards people for sharing their pictures using the app. Simply take a picture, add a description, including a few relevant hashtags, post it and waiting for people to comment or upvoting your post. The amount you earn is based on the amount and the quality of upvotes you receive from users of Steemit or Steepshot since they are integrated you'll receive exposure on both platforms.
Sign up for Steepshot here - https://steepshot.io/
An introduction to SteepShot
What is Appics?
APPICS is a next-generation, reward-based social media application that introduces a new ecosystem which merges lifestyle, passion, and user-generated income inside a single mobile application.
Unlike on any other popular social media site, where 100% of the platform’s value and revenue goes to the corporate shareholders, APPICS enables all users to earn a fair share of the overall revenue, as well as a creative influence within the network, through a cryptocurrency reward-token.
APPICS is not yet available to the general public via the App store and you will need to fill in the early bird form on their site in order to gain access. APPICS currently runs on the STEEM blockchain just like Steepshot
Sign up for Appics here - https://appics.com/
An introduction to Appics
What is Mithril?
Mithril is a decentralised social media platform built on the Ethereum Blockchain and users the ERC-20 token protocal. It rewards users who post regularly on the platform via a new concept called social mining. Each user's content and social interactions generated in the Mithril ecosystem will mine MITH based on our algorithm. Which basically boils down to the more active you are on the platform, the more you're able to earn.
Mithril tokens will soon be accepted throughout the Mithril Merchant Network, with online applications such as dating services, premium content channels, and live-stream applications, or retailers, starting with INST.RECYCLE.
Sign up for Mithril here - https://mith.io/
An introduction to Mithril
Tips on how to get the most out of your posts
So you signed up and ready to get started earning that digital make-believe money you're parents and friends think is a complete scam. Like any social media platform, you need to have a strategy in order to become successful.
Repost your Instagram shots
Make Steepshot or Mithril part of your routine. When you feel the urge to post on Instagram or Facebook, make sure you do the same on your new accounts and start creating posts for your new audience to find and enjoy.
Pick your niche
It's always good to start with a niche and contribute to what is popular on the platform; this could be food, shoes, clothing, travel you'll have to browse hashtags, see which ones are most popular and earning the most money and try to contribute to those content streams.
Use Hash Tags
Don't be afraid to use as many relevant hashtags as possible, so you make sure that your content is seen in a variety of content streams and aid content discovery. Make sure you do some hashtag research before you post and see which hashtags are being used regularly and also find ones you can own and start posting with them. By the time others catch up your content would be dominating those content streams.
Don't neglect your new crypto-social accounts try to contribute to the site regularly, even if you're not posting, browse through other users content, comment, repost their content and engage with the community. This will help you grow your following which will, in turn, increase your reach every time you do post your own content.
Snap Up that cash
Now that you've put in the hard work its time to cash out, so how do you do that?
How to withdraw your Steepshot or Appics earnings
- Click on your profile
- Select Steemit wallet
- Transfer your Steem Dollars or Steem to an exchange Like Binance
- Once you exchange account receives your transfer
- Exchange your Steem Dollars for Bitcoin or Ethereum
- send it to your cryptocurrency hot or cold wallet or directly to your bank account
How to withdraw your Mithril earnings
- Create an account on a cryptocurrency exchange like HitBTC or Bitfinex
- Retrieve a Mithril wallet deposit address from your account
- Login to Mithril
- Send your Mithril earnings to your exchange account
- Convert your Mithril into Bitcoin or Ethereum
- Send it to your cryptocurrency hot or cold wallet or directly to your bank account
It’s as simple as that, and you’ll be living on that meme money! To quote 21 Savage, “I got 1,2,3,4,5,6 memes in my bank account, in my bank account.”
Social media money
Now you can finally put your social media skills to good use and perhaps pay for your data costs.
Whether you're a social media addict or the occasional poster don't you think it's better to earn some cryptocurrency than to get some meaningless likes? Can likes get you avo toasties? Not from my experience!
If you enjoyed this post, you might also find this article interesting - How To Get Paid To Make Memes
If you want to know more about cryptocurrency don’t be shy we’re happy to assist. Simply contact us
Disclaimer: This article should not be taken as, and is not intended to provide any investment advice and is for educational purposes only. As of the time posting the writers may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency as all investments contain risk.