Stop procrastinating and become a millionaire in 2018.
This is for those wondering how to make money from crypto.currency without investing any capital.It only requires your phone, data and little time.
I was here during the days of faucets collection(raking satoshi from legit sites) but that is no longer profitable due to high price of bitcoin,though I made fortune as early bird.
Let's go to business.
WHAT IS ICO : ICO short for Initial Coin Offering, it is the means through which companies in crtypto biz raise funds to finance the project of their products. It requires the public to contribute and purchase coin at a cheaper rate to support the project in the early stage of development before the coin is listed in the exchanges at higher price.
WHAT IS BOUNTIES : These are the various promotional avenues a company chooses to publicise its products and coins by engaging social network community to promote and earn bonuses for proof of work.
WHAT IS AIRDROPS :A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto community and individuals for registering and partaking in publicising the coin through social network and referrals.
WHAT TO DO WITH COLLECTED COINS : The collected coins are held in your account till the end of ICO(usually one month),after which you transfer your coin to the exchanges (a trading platform where you buy and sell coins.) to sell or hodl in your wallet and allow the price to rise.
To participate in bounties and airdrops you should have account with some of the following social networks, sites and forums.
-Functional e-mail.
-Facebook
-Twitter
-Telegram
-Bitcointalk dot org
-Reddit
-Nairaland,our own.
-Bitcoin wallet(can be gotten from blockchain dot info)
-Ethereum wallet( from myetherwallet dot com or coinomi)
NOTE: You must have a diary or jotter where you write down the coin sites, your email,username and password. Please use different password in different sites for security purpose.
NB: Not all ICOs worth your time because some of them might not make it to exchanges. What to look out for in Companies ICOs are:
-The team,called the developers. A company with reputable members as part of the team is a sign of a good project.
-Good products, a company with a product that profers solution is a plus.
-The total supply of the coin.Limited number of coin in circulation and good marketing is a price determinant.
-Social network publicity is another factor to look out for.