I participated in their bounty and earned about 500$ for it. I think the main problem of this project is token economy and team policy regarding their token. They just listed it and did nothing more to support price for investors. I hope they will change situation when their application will be launched, but for now it`s a really good example of a project with bad token economy

I don`t think really big exchanges have so weak safety level, but sometimes they can`t defend from hackers attacks and many people lose their data. Of course, centralized exchnages are not safe, but I don`t think they don`t have it at all. They always try to improve their protection to avoid hacks, because their reputation depends on it

I think 2020 was a finish of accumulative stage and in the end we see very good growth of all market. Hope we will reach new capitalization level and many new projects will show themselves. 2021 should be less hard year and hope we all will be happy with new bull run which will show all the world that cryptocurrency sphere isn`t a joke, it`s a real technological giant

Bounty campaigns and its participants are very significant in cryptocurrency world, but there are always many difficulties with it. But I don`t think there is any way out of current situation. Dishonest people will always be trying to cheat and get more tokens and people greed will be always stop factor for growth of many technological projects. Obviously we need to fight with it, but it`s impossible to make all people responsible and honest, so mechanism will always have weak blocks in the chain

Today mobile phone became one of the most important parts of our life and there is no way for new projects, when they don`t have good mobile wallet, they lose very big community of the potential supporters. Hope developers will understand mobile wallet is much more significant than PC wallet or somthing else

Today I would like to tell you my little story. I hope it will be interesting and useful for you. Many people are new and inexperinced in cryptocurrency world and I reckon this story can help them to realize some points of cryptocurrency world.

I knew about crypto in 2016, but all I was doing is claiming useless coins on faucets and earned nothing. I gave it up and forgot about crypto for some months or even years. In 2018 I found video about airdrops. One guy earned about 4k$ from an airdrop and I thought it`s a new level of my life. I will be rich quickly completing simple tasks. Of course reality is more difficult than dreams. I worked a lot, but earned only about 200$ and forget about crypto again.

Fortunately, in the summer 2019 I faced to tg channel, where some bounties were published. Of course, I tried bounties before, but can`t earn anything. I was absolutely upset and all my dreams were broken. And one day admin of this tg channel (I can`t explain how I`m thankful for his work? it was absolutelty for free) make a post about Elrond Social Mining (I created topic here about Social Mining, if you want, I can tell better what it is and how you can earn there). I can easily declare it was absolutely new step in my life and my integration with cryptocurrency world.



It wasn`t easy, because I needed to write articles, complete different tasks, create infographics and do other activities to get reward. Once I even wanted to stop doing it, because there was an interesting task. Developers created game on Elrond blockchain. It was almost the same as agario, but they called it cryptobubbles. For top 30 players there were prizes which could be converted to ERD tokens. Yeah, I forgot to say that Elrond was already listed on Binance, one of the biggest exchnage, and it`s one of those factors which force me to continue my work. It seems easy, just to play the game. But when you`re playing for 10+ hours almost for nothing, you lose motivation. Price at that time wasn`t high and I earned about 100$ for the first month. It was not so much, but I was happy that now I can earn money and the most important thing, my work wasn`t only waste of time like it was earlier.



Months passed, when I joined campaign there was 3d round and it ended on 6th round. I earned about 93k ERD tokens and it was only about 500 dollars for about 3-4 months of work. It was not as big amount as could be, but I was quite happy.

And then the most interesting situation happened. Elrond team announced mainnet launch and price started to grow incredibly. It was first experince for me and I didn`t know what to do with it. I fordot to say that I sold all my tokens, but after some time I bought them back right before start of Elrond bullrun. It reached about x30 from ATL and one moment I had little more than 3k$. Just imagine, newbie, who never earned really good money (to be honest, I`m younger than 17). I was impressed, but then some really strange things happened. I sold only part of the tokens and other part was delegated to the smart contract. It was my first mistake, because it was locked till October, and price now is only 10$, when it was about 25$ per coin.

But the most important thing is token swap. When mainnet was launched I saw link to the token swap in tg chat and followed it, then I tried to enter my wallet and saw only error. I thought it`s just because mainnet is unstable, but then I realized I was scammed. Fortunately remaining tokens were locked and all I could do is to wait. Just imagine it. I earned more than 3$ dollars and 2 of them were potentially stolen. I was in really huge tilt and didn`t know what to do.

I don`t know how to explain this, but despite deceivers had my wallet passphrase they didn`t steal my money. I transfered it to my new wallet and delegated again. Now I have about 64 eGLD tokens which worth about 700$. I hold them, because I believe in this project and hope one day they will cost more than ever.

This is my story, story of newbie who earned big money and almost lost it. I would like to emphasize some aspects for all readers and especially for newbies, who are inexpericned in crypto.

Don`t be afraid to do new activities (recently I found Article campaigns, I used to think it`s hard to take part in , but now I write articles and earn some dollars easily)

Never give up (When it was difficult, I continued to work. When I lost a lot of money (for me), I continued to work)

Always try to find some new information and new opportunities I`m lucky that I joined that channel, without it I could be on absolutely different place without this huge experince

Learn time when you need to be slow and when you need to be fast Try to use opportunity as fast as you can, but don`t lose an attention like it was with my token swap

I understand that these thought are quite easy and somebody says they are corny, unfortunately I met many people who don`t understand it and complain about thier lives.

I know that "work, work and work" law doesn`t work in 2020, in century of technologies, when people become millionairs only for one day, but I hope some people, which are not so lucky and want to change their life will learn something from my little story and won`t make my mistakes

For most projects creators bounty is a good way to make project well-known without spending much money. It`s almost free for them, because they pay in most cases with coin which they invented themselves, so I understand why so many projects do this and why we shouldn`t hope that one day most bounties will pay in stable coins or BTC/ ETH

I think today`s bull run is different from 2017 and it`s our advantage, because in 2017 there was a huge hype and many people invested their money just to get fast profit and when market began to fall, many people sold their tokens and fall continued. Now growth goes step by step and this says that growth is real and most investors are really interested in cryptocurrency sphere and hope growth will be longer and we will reach new ATH

Airdrops are really important for most projects, because new start-ups always need some free ads. And it`s really easy way to talk about new projects this way, but unfortunately, many people don`t believe in airdrops, because many people went the same way, they completed a lot of airdrops and didn`t receive any tokens. Interest to airdrops is high only among newbies, but experineced people don`t do it and it`s a pity, because new start-ups can`t be supported by crypo-savvy members and often projects die

I think everyone chose an own way, somebody choose fast profit which is less and somebody can wait a little and get much more money. I also think alt season will happen sooner or later and I heard a few times idea, that now is the stage when we need to accumulate tokens, not dollars nor other fiat. This method let you become rich if you wait a little.

My strategy is to save 50% of tokens which I receive and convert remaining 50% into fiat

There are cryptocurrencies which are in top 20 coinmarketcap, but there are also a lot of coins, which are lower in tops, but they are much more faster and it`s a pity that many people don`t know about these projects. I mean Avalanche, Elrond Gold and many other projects with an amazing transaction speed

I don`t know clearly how much projects pay for the listing on the following exchnages, but I noticed a lot of new projects list on Probit, Latoken or P2PB2P. I think it`s quite easy to launch trading pair with own token there, but I don`t think it`s a really good way. Due to these exchnages lists many new coins, demand there is low. So new project trading pair can die before its born. I prefer projects which concern about their market part and choose one good exchange with high liquidity instead of many shit exchnages

PGP is quite interesting for me. Hope, I did everything in the right way

Address: 155jtK6UbfwqxZ6us3nj1inwV4sFuujB9B
Message: I am nykka. I can sign a message.
Signature: IHjMyuqUvAd0uXnKhyim8pLT8T7KKOLyP2ngGjQzjEgiX9TzsVOVP5B92kVJa08p8d3MQvaUpePAFe/lbf+8jjw=

We need Ethereum 2.0 and new conesnsus protocol to change this madness. I haven`t seen any acceptable fee in Ethereum blockchain since July. Today many blockchains let make transactions with fees lower than 1 cent and only ETH chain requires 5+ dollars for common transaction. I understand, that Ethereum has much more users, so blockchain is overloaded, but we need some solutions or people just start use other blockchains, which are faster and more comfortable to use

#Proof of authentication
Bitcointalk username: nykka
Telegram username : @nykaster
Joined Campaign: Twitter, Facebook, Reddit, Article, Signature

Maybe I earned this amount only because of luck and big hype before Elrond mainnet, which boosted price a lot, but the other example, Avalanche. Everyone could earn there 200+ AVAX tokens as I mentioned in previous answer

You`re right, there are some restrictions and rules there, but nothing can be perfect.
Difference of the budgets is a very big dellusion, Elrond had 6 rounds and pool of every round was about 7-10M Erd, it`s equal to about 80.000 eGLD what is about 800.000$ right now and about 2 millions in the July, when price was so high. The same situation is with AVAX. Everyone could easily earn 200+ AVAX tokens, it`s about 1k$ for now and I know a lot of people who got all these tokens. And don`t understand, in that moment Elrond was already listed on Binance exchnage and some others, AVAX team was preparing for doing the same. So these budgets are big and what`s the most important thing, they are real and have liquidity.

Avalanche was also successful Yeah, good partnerships are necessary, but it`s the idea, only good and prospective projects launch own social mining, so participants can be sure they will get worthy reward

In this topic I would know if people believe in social mining as instrument of spreading the word about contemporary crypto projects or bounties are still actual?

Company called DaoMaker already arranged some social mining campaigns and successfully finished them. Such projects as Elrond, Avalanche, Orion and some others were on the platform and many people got opportunity to earn a lot for useful work. I earned about 3k$ on Elrond Social Mining without any really professional skills.

What do you think about it and can DAO Maker invention replace bounty campaigns in the future?