Cryptocurrency

Published on September 15th, 2022 | by Bibhuranjan

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Learn-to-Earn, Move-to-Earn: How to Get Crypto in New Ways

The play-to-earn cryptocurrency concept is now being applied to a wide range of sectors, from sites that incentivize you to learn about specific tokens to applications that provide crypto for keeping active. Exchanges like Binance offer staking and other services that pay you to keep your crypto there, while games like Splinterlands give you rewards for playing and trading cards. These are just a few examples of how you can start earning cryptocurrency in new ways outside of simply buying or mining it.

The most important thing to remember is that with any new technology, there are always going to be risks involved. You can buy bitcoin instantly but if you want to earn it in a fun way, make sure you do your research and understand the risks before getting started. Also, remember to never invest more than you can afford to lose.

In this article we’ll discuss such new ways to obtain crypto:

  • Learn-to-earn;
  • Move-to-earn;
  • Play-to-earn.

Learn-to-earn

The “learn-to-earn” concept is based on the idea of rewarding you with tokens just for learning about cryptocurrency, usually in the shape of some of the tokens you’ve previously learned about. The most common way to do this is through airdrops, which is when a project gives away free tokens to people who sign up or perform some other action.

Airdrops have been used for years as a marketing tactic to spread awareness about a project, but they’ve also been known to be scams. Make sure you do your research before signing up for any airdrops and only give away your personal information to reputable projects.

The companies and people driving the cryptocurrency platforms have different motivations. The company wants to increase its user base and get more people to use its product or service. The people behind cryptocurrency want to increase its adoption and usage.

Move-to-earn

The “move-to-earn” concept is based on the idea of rewarding you with tokens for being active, usually through some sort of physical activity tracker. The most common way to do this is through a fitness app that tracks your steps or other activities and rewards you with tokens for reaching certain milestones.

There are a few different motivations for why a company would want to reward you with crypto for being active. The first is simply to get more people using their product or service. The second is to use the data collected from tracking your activity to improve their products or services. And the third is to create a loyalty program that rewards you for being a loyal customer.

The most important thing to remember with any “move-to-earn” program is that you are giving away data about yourself in best crypto exchange australia for rewards. Make sure you understand how your data will be used and all the legal aspects of the matter before signing up for any program.

Image Credits: Freepik

Other Easy Ways to Earn Crypto

Another term you’ll come across is “play-to-earn”. This is a model in which users are rewarded with cryptocurrency for playing games, participating in a community, or creating content.

One popular example is Splinterlands, a digital card game that uses the blockchain to store data and reward players with cryptocurrency for playing the game and trading cards.

Another example is STEEMit, a social media platform that rewards users with cryptocurrency for creating and curating content.

Where To Start?

The best place to start is by doing your own research. There are a lot of different ways to earn cryptocurrency, and not all of them are created equal. Some programs may be more reputable than others, and some may be riskier.

It’s important to understand the risks involved in any program before getting started. You should also know that any program that promises to make you rich quickly is likely a scam.

The most important thing is to start small and learn as you go. Cryptocurrency is a new and exciting phenomenon, and there are a lot of different ways to get involved. There are also a lot of risks involved, so you should understand what you’re getting into before investing.

These are just a few examples of how you can start earning cryptocurrency in new ways outside of just mining, exchanging, or buying it. Don’t hesitate to try one or several of them as it is really a good possibility to get additional income and have fun!


Cover Image by Freepik

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About the Author

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Editorial Officer, technofaq.org I'm an avid tech enthusiast at heart. I like to mug up on new and exciting developments on science and tech and have a deep love for PC gaming. Other hobbies include writing blog posts, music and DIY projects.



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