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Igor Tomic of Publish0x Talks Reading for Free Crypto

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Publish0x is a fast growing publishing platform that tips both readers and writers in crypto. BeinCrypto sat down with COO Igor Tomic to discuss the future of magazines on the blockchain.

Igor Tomic spends all day with his clients (that is, his Telegram group). He is extremely enthusiastic about what he does, and patiently aswers his users’ questions.

But the questions usually come down to this, “Do I really get free crypto just by reading articles on Publish0x?”

In fact, Publish0x is a blogging platform similar to Medium.com where readers and authors both receive crypto. 

Readers have the option to give “tips” several times a day to the authors of any article they read. The tip is split between the tipper and the authors, and the tipper can even decide what percentage of the tip they receive. 

Tomic sat down with BeInCrypto to discuss how he keeps tipping free and what a blockchain-based blogging platform can achieve.

How free tipping works

BeInCrypto: What crypto blockchains or tokens do you support? Do you have your own token?

Igor Tomic (IT): Unlike many projects that are related to the cryptocurrency industry, we do not have our own token, and no plans of making one. Instead, we integrate with other popular tokens. Right now one can earn ETH, BAT, and AMPL; the tokens users earn do occasionally change (I believe we’ve had seven different tokens in the lifetime of the platform, since Q4 2018).

BeInCrypto: Tell us how you are able to support free tipping, and users tipping themselves?

IT: We are a self-funded project with big goals. The way we see it, we are sponsoring our own growth, and have planned to do so long term. (Editor’s note: Publish0x is funded by BigBird.VC, which invests in different blockchain tokens.)

That is not to say that there isn’t any revenue, as there is.

Publish0x is a unique opportunity for any blockchain project to gain exposure to our audience of now over 210,000 accounts, all of whom have wallets, and have at the very least a cursory understanding of crypto.

The beauty of blockchain is that we can prove how we pay. To date, if by current prices, we have given out more than $425,000 worth of crypto.

Attracting a new audience

BeInCrypto: How do you keep users coming to Publish0x?

IT: The most unique way a crypto and blockchain-based project can do this is by sponsoring the tipper. This way, your project is integrated as the tipping token on Publish0x, and is distributed to our entire user base. With this, users receive your token, and are incentivized to learn more about the project and the token.

We organize incentivized AMAs and incentivized writing contests where a new audience is incentivized to learn and write about the project, creating more awareness and buzz.

BeInCrypto: If users are only getting tips, how do you incentivize writers to publish on your platform?

IT: We incentivize authors in two main ways.

Writers can earn crypto for publishing or republishing their work on Publish0x.com.

Authors who publish articles on Publish0x get exposure to a new audience. For some authors, they enjoy the interaction via comments. For others, they are the happiest when their articles get thousands of views.

BeInCrypto: Do you think traditional magazines are going to move to a platform like this? What might that look like?

IT: We want to make it easy for magazines, publications, and individuals to do just that!

As for getting people outside of the blockchain to use a platform like this, I think this is a gradual process. We’ve started by favoring authors who publish articles about crypto, and are slowly branching out and also incentivizing authors to write about the economy and business.

Authors who write about crypto have the best chance for their post to make it to the homepage, a place where their posts get the most exposure and earnings.

BeInCrypto: Have you thought much about hosting creative work?

IT: Other than publishing written posts, which can be creative work on their own, we do have artists publishing their images, pictures, music, and videos. Though I have to admit that we can do a lot more to help them get their work seen more easily, I do think that this is an area that we need to work on in the future. 

BeInCrypto: Has Publish0x thought about doing something with NFTs for certain articles?

IT: I love NFTs, and think that this space will explode and go mainstream. We are definitely thinking of doing something with NFTs, but our discussion around this is still in early phase.

BeInCrypto: How are you keeping content free?

IT: We don’t have any plans to charge for content.

One idea we do have, is to allow authors to put a paywall before anyone can read their content. This is another idea that is still in its infancy, and if we do implement it, it won’t be soon. But we do not have any plans to charge for content ourselves.

Growth in 2020, and the future

BeInCrypto: What kind of growth have you seen in 2020?

Publish0x Has Grown Significantly in 2020. Source: Publish0x

IT: We’ve seen a lot of growth in 2020. The main highlights for me are that:

  • Our user base has grown by over six times, in 2020, compared to 2019, and now numbers at over 210,000 registered accounts.
  • Our traffic, according to Google Analytics, has grown by over five times, in 2020.
  • Our users have tipped articles almost ten times more, in 2020, when compared to 2019. By December 2019, a total of one million tips were tipped to posts. Today, users give over one million tips to posts each month!

BeInCrypto: What are your predictions for crypto in general in 2021?

IT: I think it’s hard not to be super optimistic, given the way the year started for bitcoin, ethereum, and many other projects.

The things that I am most curious to see develop further are DeFi projects, NFTs, and blockchain-based video games. I think these will all be hot topics in 2021.

As for crypto market regulation, without a doubt, it’s I’m of two minds about.

Overall, I do think that 2021 will be a year of crypto and that the industry will get significantly more coverage and recognition by the mainstream than it ever did before.

BeInCrypto: Thank you, Igor.

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Harry Leeds is a writer, editor, and journalist who spent much time in the former USSR covering food, cryptocurrencies, and healthcare. He also translates poetry and edits the literary magazine mumbermag.me.

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Source: https://beincrypto.com/igor-tomic-of-publish0x-talks-reading-for-free-crypto/

Blockchain

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

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[PRESS RELEASE – Please Read Disclaimer]

Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021.

With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can rest assured that the assets or tokens that are purchased via aggregated trading are all real assets that are in full reserves.

Aggregate trading makes it easy for growing platforms such as Wisebitcoin to quickly provide users with access to new and popular crypto tokens and assets.

The local and external order matching mechanisms used in Wisebitcoin’s aggregate trading system provide transaction speeds and user experiences that are similar to those seen when placing orders for other trading pairs on Wisebitcoin.

To meet the deposit and withdrawal requirements of users, Wisebitcoin will evaluate the volume of its aggregate trading tokens to determine whether to dock with project wallets that contain a large number of tokens or assets.

By providing liquidity, fast transactions, low fees, and a clean, intuitive UI to traders, Wisebitcoin makes it easy to invest in the crypto space and to trade popular, high market cap tokens and assets. By adding aggregate trading for STORJ to the platform, Wisebitcoin opens the doors to investment in one of the most popular decentralized file sharing and storage projects seen in the last few years.

About STORJ

Storj delivers secure, private, reliable, affordable, and decentralized cloud object storage for developers. Storj’s Decentralized Cloud Storage (DCS) files are encrypted, broken into pieces, and then distributed across a global cloud network instead of being stored on a single, centralized server. This makes data breaches impossible, and default encryption comes standard for all files. A decentralized network of Storage Nodes also makes data always available when it is needed, and open-source, full-stack compatibility makes it easy to build on the network.

You can learn more about the project here and you can read the project whitepaper here.

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Source: https://cryptopotato.com/wisebitcoin-opens-aggregate-trading-for-storj-against-usdt/

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Blockchain

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

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The CEO and founder of Barstool Sports – Dave Portnoy – admitted that at the beginning, he thought Bitcoin was a ”Ponzi scheme.” Eventually, he changed his stance and even opposed Donald Trump, who called the primary cryptocurrency a ”scam.”

Trump Is Wrong

In a recent interview for ”Varney & Co,” the founder of Barstool Sports – Dave Portnoy – shared his current view on bitcoin and the crypto market. He revealed that years ago, when the primary digital asset was introduced, it looked like a ”Ponzi scheme” to him, but later he started realizing its merit:

”I thought when Bitcoin was first introduced and for a long time that it was a Ponzi scheme. I’ve come around on it. It’s too widely accepted, there are too many people using it, too many big people believe in it, too many stores accepting it. There’s liquidity. You can get in and out of it easily.”

Recently, the ex-US president Donald Trump said Bitcoin looks like a scam and backed up the dollar as the ”world’s currency.” Portnoy opposed Trump even though he also had his doubts about the asset in its first years :

”I don’t know what it started as, but I certainly wouldn’t say it’s a scam now.”

Later on, the founder of Barstool Sports commented on the recent decline of the crypto market. He raised hopes that soon enough, digital assets will increase their fiat currency value. In his opinion, investors should be patient with them and hold on ”for the long game:.”

”Crypto isn’t going anywhere but it’s hard to brag about how great everything is going when you are down 50%.”

Portnoy’s Change of Heart

In September 2020, Portnoy pointed out that bitcoin lacks accountability due to the anonymity of Satoshi Nakamoto. As a result, if investors end up losing money or being scammed, they would prefer to know who’s the person behind the entire operation. He went even further, calling it ”one big Ponzi scheme.”


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It is worth mentioning that at some point, Dave Portnoy invested in the primary digital asset. He tweeted about a loss of $25,000 and stated that he currently owns zero bitcoins. Additionally, he vowed to interact with the stock market rather than the crypto one:

”I don’t need this. I know how the stock market works. I own the stock market. This Bitcoin – I don’t trust this market at all.”

In any case, it now seems that he has changed his stance on the primary cryptocurrency and he even flat-out said that he was wrong about it.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/dave-portnoy-disasgrees-with-donald-trump-that-bitcoin-is-a-scam/

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Blockchain

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Republished by Plato

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Nearly half of the young investors with at least $1 million in their portfolio responded that they had located a large share of their funds in cryptocurrencies. Older generations, though, prefer fiat money.

Crypto Is a Trend among The Millennials

According to a CNBC survey with 750 participants, almost 50% of millennial millionaires have invested at least 1/4 of their wealth in cryptocurrencies. In comparison, more than 30% of them have located at least half of their assets in crypto. The company, which conducted the analysis, was Spectrum Group. Its president – George Walper – explained why the younger generations find the market so tempting:

”The younger investors jumped on it early when it was not as well know. They were more intellectually engaged with the idea even though it was new.”

On the other hand, the majority of older investors owning at least $1 million are not fond of digital assets as 83% of them do not believe in the crypto market and have none of their wealth in it. As a matter of fact, only 1 in every 10 keeps more than 10% of their funds in cryptocurrencies:

”Older investors and the boomers were largely saying ‘Is this legit?’ Older generations are further behind on the understanding.”

In addition, nearly half of millennial millionaires revealed owning NFTs while 40% consider it as a future option. Interestingly, most survey participants were not familiar with what exactly non-fungible tokens are, but they still described them as ”the next big thing.”

14% of Americans Own Crypto

At the end of April, the Winklevoss-run crypto exchange Gemini conducted another survey indicating that roughly 14% of US citizens had purchased digital assets. Two-thirds of the respondents classified themselves as ”crypto curious” while 23 went into the “disinterested” graph.


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Somewhat expectedly, bitcoin (BTC) has remained the most popular cryptocurrency as nearly all questioned people (95%) answered that they are familiar with it. 87% of those who have invested said that BTC is what they own. The Americans showed good knowledge of altcoins too, as 36% have put some of their wealth in ether (ETH), 22% in Bitcoin Cash (BCH), and 16% in Litecoin (LTC).

Like the CNBC survey, Gemini found out that most crypto investors are young people between 25 and 44. According to the collected data, the trading venue noted that ”the ”average” cryptocurrency owner is a 38-year-old male making approximately $111K a year.”

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/rich-millennials-have-a-large-chunk-of-their-wealth-in-crypto-cnbc-survey/

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