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Cointiply – Best strategies to profit the most

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As per my previous article about Cointiply you got various ways to collect points to earn money on the platform. Some work better then others in my opinion. And with that I mean the effort/profit ratio various a lot. So what works best to get most out of the Cointiply platform in my opinion?

Surveys, surveys, surveys

As you might have guessed based on the headline, there is no way around completing surveys. Yes, you have to spend some time on them, but at the end you get rewarded with the best score. The longer the survey takes, the more points are offered. Not only absolute, but also relative. So you got the best effort/profit ratio there.

I made the best experience with “Yuno Surveys Direct” and “Theorem Reach” offers. But that was only me. Try all of them and find your personal favorites.

Strategies and tips

What is the best strategy to complete the surveys and get rewarded?

  1. Read the questions thoroughly as there will be control questions included. They are mostly simple math tasks or you have to choose a certain item from a list.
  2. Answer honestly. Not only are control questions included, there are also cross check involved verifying that you provide consistent feedback. Simple example is by including the same question twice within the survey. Or the opposite question, where also the opposite answer is expected.
  3. Some providers include a quality score per user where they use quite advanced techniques to find out if your answers are consistent (and with that honest). If you provide feedback to a certain topic or lets say about a certain product, the provider expects replies with a certain subject matter expertise. Not only just some generic high-level feedback. This could lower your quality score, which you lead to be excluded by some providers.
  4. Timing: There also seems to be a difference in the number of points you can earn depending on your time in the day. So check back regularly, if you can earn more points later in your day or also earlier.
  5. If you do not get rewarded for a survey, open a ticket in the Cointiply support area and provide evidence about the completion. The guys are very helpful and do respond quickly.

In a nutshell

The better your answers, the higher your quality score, the more offers you get from the same providers, the more points you get rewarded, the more money you can earn.

Hope these tips are helpful to earn some additional points and more money from the Cointiply platform. Got any further tips? Feel free to leave a response.

Don’t have an account on Cointiply yet? Please feel free to use my referral link: http://cointiply.com/r/XeGvg

14 days into Drip – Did I make profit?

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I joined the Drip community exactly 14 days ago.Lets have a look how my investment did within these two weeks.

Recap: On 16th August I bought 10.65 Drip Tokens by investing 100 USD into Drip (article here). I deposited the tokens obviously into the Drip Faucet to profit from the 1% daily reward the Drip system is providing. The token price was around 9.70 USD on that day. How do things look like today?

Token price

The Drip token came down in price like pretty much all the other coins and tokens as well in the last few days. Bitcoin was around 23’900 and is this morning around 20’300 USD. Drip was around 9.70 and is now at 7.67 USD. So the token itself lost around 20% in value itself. How much did my overall investment in Dollar decrease with the (almost) daily compounds?

I do currently own 12.08 Drip tokens. So I gained additional 13% in tokens by the compounding mechanism. Which makes sense, as I compounded 1% every day in the evening, but not yet today, as it is only in the morning. So straight profit of 1% for every single day.

What about the value in US Dollars? As we saw above, the token price decreased to 7.67 USD. This is a reduction of about 21%. My tokens increased by 13%. And given these numbers my overall investment is worth 92.65 USD. This is a loss of a bit more then 7% at the moment.

Conclusion

I probably didn’t enter the market at the best time, as the Drip token value decreased pretty much soon after I joined. That happens always to me. To you as well? As everybody knows, you will never hit the perfect timing in any market cycle, so I (and we all) where aware of these risks (read my article here). I actually I think the daily compound is a good mitigation measure against the current bear market. Perhaps not in the short term, but I am pretty sure that this will play out well in the long term. I am very interested to see how this plays out going forward. Update will follow.

Will I increase my investment? Like with all my other coins I will probably DCA (Dollar Cost Averaging) into Drip too to bring my average buy price further down. You might do the same on your end, if you are already invested. And if you are not yet into Drip, this could be a good time to start and earn some passive income.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – How often to claim to get most profit?

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Welcome to another episode of our Drip journey. Please feel free to read my other articles about drip like “I joined the Drip community – Ready to make millions“, “Drip – What is the BR34P token used for?” and “Drip – What are the risks?” if you are new to Drip.

Today we look at getting the maximum out of the 1% daily reward and how often should we claim. I am aware of the more complex strategies, but lets have a look at the simple technics today and cover the more complex strategies a bit later in our series.

So Drip pays out 1% on a daily basis on your deposited tokens in the faucet. So the more you deposit, the higher your reward. Have you read about compounded interest? Or interest on interest? This is exactly the big power of the system. The more often you compound, the higher your reward gets. You deposit every day your reward, your deposit increases and so does your daily reward. Exponentially.

But what happens if you re-compound just every other day, or weekly or even only once a month? How big is the difference in profit?

I did the calculations for exactly that.

The table above shows you the number of coins you will end up with if you re-compund daily, weekly or monthly with an initial investment of 10 Drip tokens. To my surprise the difference is not as big as I expected it to be. Of course you got the most profit out if you re-compound as much as possible. But you got also the fees you pay for each transaction. I ignored those for simplicity here. But as you can see, if you spend only a few minutes a month and re-compound only once every month you end up with only about 8% less coins after a year. With way less effort then pressing the buttons every day.

Conclusion

Daily reward is nice. Daily re-compound means you have to think about it each and every day and go to the faucet and claim. And pay the fees. To make it closer to passive income I think it is enough to re-compound just every other day, not having to think about Drip on really a daily basis. Unless you really enjoy. Then please, go for it.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – What are the risks?

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Lets continue on our Drip journey. Today we will look at the risks involved when joining the Drip network. Shall we?

Rug pull

As your initial investment is locked forever, the devs could just run away with all the funding deposited and enjoy the rest of their life. Given the fact that Drip is already operating for over 12 months successfully, I would rate his risk as very unlikely. Rug pulls usually happen at the very beginning of a project, shortly after the tokens are sold, all the investors are full of hope, the price of the token is shooting up and ….. the team with the money in their pocket runs away. As said, very unlikely at this stage of the project in my humble opinion.

Tax pool liquidity

What happens if the whole system runs out of liquidity? Lets remember the Drip whitepaper: All transactions are taxed with a 10% fee. There is even a whale tax applied. Initial investments are locked. So all new buyers add liquidity, all transactions provide liquidity. But never the less, the system has to provide 1% reward on a daily basis. This sums up exponentially. Even if the price chart shows that some momentum is back in Drip, all the transaction fees need to still take care of all the daily rewards. So in my opinion this is the biggest risk in the systems and with the highest likelihood in my opinion.

As per the white paper there is the option, if the tax pool should ever be in the situation where there are not enough Drip tokens available, that new Drip tokens can be minted. This would be then an inflationary measure, the overall Drip volume will be increased, which would lead as to the following risk.

Token price

Well, I guess this risk exists with all crypto investments. No matter how many tokens you earn over time, if the price goes down to zero, your investment is also worth zero. How likely is that? Lets have a quick look at the current price start since Drip’s launch:

As you can see, Drip’s all time high was around 160 USD. Currently the price is less then 10 USD. The price went even up from 5 to 10 USD recently. How likely is it nowadays that the price goes to 0? Unfortunately I do also not have a crystal ball as well, and a price drop is again possible. Although I think chances of profiting are at this price level way higher then loosing again. Even if the price falls down in the short term, with the compounding feature one should still earn money if the entered the game at such a low price. So price drop short term is likely, but mid to long term I see this also as unlikely.

Is there any other risk out there which is not listed here? I would appreciate to read your feedback. Lets learn together.

Mitigation measures

So what can we do to minimize any potential loss? I guess the general rule for all investments applies here too: Invest only money you can afford to loose. Not more. And in addition, to not always re-compound your rewards, but take some profits from time to time as well. At least that much to get your initial investment back. You can use this to start the next project.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – How to claim your first slice of your millions to come

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Or in other words: How to claim your first daily reward of 1%. So pretty much 24 hours after my initial deposit, my reward is ready to be claimed. Or, as we like to increase our rewards going forward, we will not claim, we will re-compound the profit to increase our deposit and get a slightly higher reward in the next 24 hours. Ready?

How to compound

The process is pretty easy and straight forward. Let me show you. As a first step go to your Faucet site and connect your wallet if not done yet. The dashboard shows you at the top left corner how many Drips are ready to be claimed. In my case I earned 0.129 tokens on the first day. In USD this is 1.27 USD. Remember my article here, where I stated that my initial investment was about 100 USD? Bingo, roughly 1% of reward. Not bad, huh?

Now lets re-compound our earned tokens by clicking on the “Hydrate (compound)” button on the right hand side of the faucet side. Your wallet will ask you to confirm the transaction, approve that, wait a few second until you see this screen:

Congrats, you compounded your reward. Our deposit increased and the reward will be calculated on the increased amount.

And that is it already. This should be your daily (or every other day) routine as Drip community member. And passive income earner. Lets increase you investment and earnings going forward.

Buddy/Team

If you like to join me on my Drip journey and are looking for a buddy and/or a team, feel free to use my link below. You are very welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – What is the BR34P token used for?

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You might have ready my article “I joined the Drip community – Ready to make millions” yesterday. Yes, I started digging into the Drip system and bought my first tokens.

Today we are exploring the BR34P token.

What is BR34P used for?

As Drip supports a referral system where you can earn from your downline, your team. In order to receive these referral rewards, you must hold BR34P tokens in your wallet. Just in your wallet, not staked or deposited somewhere.

Depending on the size and structure of your team, you need a certain amount of BR34P tokens. The bigger your team, the more tokens you need to own. Here is the requirements from the whitepaper:

BR34P token requirements

Examples

Lets assume you have a team of 5 members. One of your members referred another colleague. So from your perspective you got 2 Levels and would need then 3 BR34P tokens to be eligible for the rewards from both levels. Pretty straight forward, no?

Timing is crucial here: If you don’t own the required number of tokens by the time one of your team members make a deposit or re-compounds, you are not eligible for the reward. So make sure you have them ready when planning on building a team.

Where to get the BR34P token

You can buy the BR34P token as any other token on Pancakeswap. Just make sure you enter the correct contract number of BR34P into the system when buying. Checking CoinMarketCap this is 0xa86d305a36cdb815af991834b46ad3d7fbb38523. Please verify yourself that your are buying the correct token.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

I joined the Drip community – Ready to make millions

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Yes, I joined finally the Drip community and bought my first tokens. Why now?

Introduction

First lets start of with what Drip actually is. As you are reading the article I assume you are either familiar with Drip or you at least heard about it. Either as life changing money maker providing a 1% daily return or as scam and ponzi-scheme where you loose all your money.

So in other words: You either hate or love it. As always there is not only a black and white view, there is much more to it.

Lets have a look at the facts, eg. Whitepaper:

  • BEB-20 token on the BNB Chain (Binance, BSC)
  • Captures value by being scarce, deflationary, censorship resistance and being built on a robust decentralized blockchain
  • Got its own little exchange under the “swap” tab waiving buy tax
  • Deposited in the faucet will provide a consistent 1% daily return
  • Liquidity provider options by providing BNB
  • 10% on all transactions
  • Referral system to manage your team (eg. like aidrops) and earn from your downline
  • BR34P token required to earn from your downline

So the heart of the system is the 1% daily return, which can be claimed or hydrated (compounded). This gives huge returns over time due to the compounding effect. That is exactly what I will start reporting about, like I did with HNW Raffinery. But more often. Promised.

Why did I buy now?

Well, looking at the price chart of the token it came down quite a lot. Drips all-time-high was at around 160USD. Today the price is below 10 USD. There seems to be some momentum coming back to the drip token as its price increase from 5 to 10 USD. Also I read about marketing campaigns that are getting started. Hence I thought the time is actually good to buy my initial investment.

How to start earning

So I started by buying some Drip tokens on the Fountain Swap. 10.65 to be precise, remember the 10% tax on all transactions. So around 100USD deposited at current price level. Just for the records.

Get a Buddy: As I read from so many sources about Drip in the meantime I didn’t want to select a single buddy, but ignore all the others who provided valuable content. That would be unfair. So I decided to use the overall dev wallet as buddy to support further development and marketing of the network and community and support everyone with that. (Does anyone know if this has any negative impact one way or the other? I couldn’t find anything related to that).

Then I deposited the 10 tokens in the faucet. Now it is time to wait and claim my reward tomorrow. Or the day after. Depending on the fees I pay… but hey, I am ready to make millions.

Are you interested in joining me on that journey (and make millions)? If you are, please feel free to use my buddy link below and lets explore the Drip network (finally) together:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

HNW Refinery – 90 days – How much did I earn?

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Remember my article back in May? When the crypto world was still in paradise. A few days later the Luna crash occured. the rest is history.

So time to review how my investment into the HNW refinery is doing. Lets recap quickly: I bought 100 tokens at 0.37 for a total of 37.55 USD. Removing the buy tax costs I ended up with 95 tokens which I deposited into the refinery. What happened since then?

Well, as you can imagine the token price of HNW is not where it used to be anymore. Similar as all the alt-coins the price of the token decreased drastically. Not as bad as some alt-coins which are down 99%, but it is down 90%. Checking the dashboard this morning the prices is at 0.039 USD.

How money tokens do I have? Remember, the refinery pays between 0.8 and 1.2% daily rewards.As I didn’t buy any xSK tokens (yet) I got 0.8%. I didn’t claim on a daily basis given the fee costs, but claimed regularly. So how does my dashboard look like?

As you can see my amount of tokens increase quite a bit: From 95 to over 700 tokens. Of course, given the price reduction of 90%, and a token increase of around 700%, still gives a loss overall. I invested 37.50 USD, the investment is currently 27.59 USD worth.

What next? Well, given the increase of the tokens with pretty much no effort, just pressing the button every couple of days, I will definitely continue growing my tokens. Should the overall value of the crypto market increase in the coming months then I expect to be in the profit zone pretty soon.

If you like to join the journey, please feel free to use my address as wingman:
0xb3C253D80578f569cFd4fe2E916EDbF01B384577

If you need guidance on how to be part of the refinery, please have a look at my previous article. There is a step-by-step tutorial in there.

Any feedback or questions? Always welcome and appreciated.

Experiment completed – Ruby Mine is dead

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Remember when I started the experiment with Ruby Mine, a miner promising up to 8% profit daily? In this article? Well, the project is dead. Did I make money with it?

So I invested a tiny mount of roughly 20 USD in form of 0.25 Avax in Ruby Mine. With the 6:1 recommended – not to say enforced – methodology to reinvest 6 days in a row and only claim on the 7th day, I should have made my investment back into about 3 months. And I almost adhered to the 6:1 pattern as advised, only 1 exception, as you see further down.

So in the first week, I made the following rewards:

19.04.22Rewards0.00400
20.04.22Rewards0.01400
21.04.22Rewards0.01500
22.04.22Rewards0.01300
23.04.22Rewards0.01100
24.04.22Rewards0.01000
25.04.22Take profits0.01000

As you see, the rewards increased in the beginning, but already during the first week it started to slow down a bit. I took profits on the 7th day as advised. Here you also have to consider the transaction fee which were about 0.006 Avax, which leaves only 0.004, not only half of the claimed reward in reality. If my understanding is correct, these transaction are not only defined by the (Avalance) protocol, but also by the Ruby Mine smart contract. If you take profits, the fees where always roughly 3 times higher then rehiring.

Second week looked like this:

26.04.22Rewards0.00800
27.04.22Rewards0.00700
28.04.22Rewards0.00700
29.04.22Rewards0.00600
30.04.22Rewards0.00600
01.05.22Rewards0.00600
02.05.22Take profits0.00500

I guess you noted already the steady decline of the profits, didn’t you? Bravely as I am I took the “profit” on the 7th day again which was about 0.005 Avax with a transaction fee of around 0.01155. Correct, that is not a profit anymore; its a loss at the end.

Lets have a look at the third week:

03.05.22Rewards0.00400
04.05.22Rewards0.00400
05.05.22Rewards0.00400
06.05.22Rewards0.00400
07.05.22Rewards0.00300
08.05.22Rewards0.00300
10.05.22Take profits0.00400

Even so I increased my Rubies in the mine constantly due to rehiring, stayed stable or even decreased also in the 3rd week. I didn’t rehire on the 9th, as the transaction costs exceeded the potential amount to rehire. I processed the rehiring then the next morning expecting that a couple of hours do not “violate” the protocols expectation and at the same time not paying more transaction fees then the reinvested amount. That probably worked. Taking profits again, was not really taking profits: The transactions costs were again higher then the claimable amount: 0.004 and a fee of 0.01169. Again a loss.

I stopped the documentation then as the numbers declined even further. Well, as you know, the whole market dumped. And with these dumps, also the Telegram group and the Twitter account disappeared suddenly, Discord changed to Meta Miners, and with that Ruby Mine was and is a thing of the past. Not too many will miss it I guess…

Conclusion

So what did we learn from this little experiment:

  • If it sounds too good to be true, it probably is. Well, no one really believed in a sustainable project providing 8% profit daily in the long run without any other income stream besides bringing more people and their cash into the system.
  • If you still invest into a ponzi-scheme you have to be one of the first. But even then it is quite unlikely that you still make a profit as the system, like in this case, might run out of liquidity before you make your money back. Unless you bring a lot of referrals into the system and you profit from them indirectly in addition.
  • If you still like to invest, you have to ensure your profits are higher then the transactions costs. So don’t invest such a tiny amount into these systems as I did for this experiment.

Earn money in your spare time – Cointiply – follow-up review

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As promised in the previous article about Cointiply (and how to withdraw), I gained some further experience with Cointiply, played with all the various options, and increase my balance with them even more. The intention of this article is to show you, how you can (actively) earn additional income by completing the activities offered by Cointiply.

You find these on the Dashboard under the “Earn” menu item.

Roll the faucet

Lets start with the easiest activity offered: the faucet. Here you can roll the wheel every hour and gain a few points. Easy and quick task, but the rewards are obviously also not that high. I still did roll it from time to time to gain some extra points.

View PTC Ads

The next activity I explored was viewing some ads. Also not that much energy you have to invest to be honest. There are usually many offers waiting for you to explore. Some of them you have to view for 5 seconds only, others take longer. The longest I had went for 45 seconds. Quite obvious that you get more points for the longer activities and less for the others. You have to make sure, that the tab showing the ad keeps the focus. The Cointiply tab displays a countdown on how many seconds more to go. Ones the countdown completed you have to solve a small captcha by clicking on a item and you get the points rewarded. Quite simple, right?

Play the multiplier

This is a betting game, where you can wage a certain number of coins (minimum of 10 coins). You then have to pick some random targets. If you pick the red gems you win, if you pick a black gem, you loose the round and your initial investment. If you are lucky, you can make it up to level 11. Guess, that takes a lot of luck. You can also click on “Take win” and collect your profit. Maximum multiplier is 61x.

I haven’t played this game a lot, as I am not such a big fan of these kind of games. And I usually loose anyway. Although that is quite personal. There is more information on the game in this document.

Play Games

Playing games, sounds like a lot of fun, doesn’t it? Lets have a look: Click on “Earn” and then on “Play games”. This leads you to a new tab, showing short instructions (like not having an ad blocker active), where you got to click on “Start playing & earn coins”. Click. This embeds a window of a mini game website, where you can choose your game and start playing. While you play, a bar on the top screen starts to fill up (slowly) and once its fully filled, you get some coins. Here is how it looks like:

Refer Users

This one is quite obvious: Share the link available under “Earn” -> “Refer users” with your friends and you will earn also a commission when the earn money. Win-Win.

If you like to use my referral link (thank you) it is: http://cointiply.com/r/XeGvg

Cointiply Quests

There is a new feature which I didnt explore that much yet which is Cointiply Quests. Solve the quest and claim your reward for it.

Surveys and Offers

Probably the best opportunities to gain points and earn money: Completing surveys. Of course you can also accept many other offers, like signing up to a website, installing a mobile app, and many more. Survey will be the activity gaining the most.

There are many survey providers available like Yuno Survey Direct, Your Survey Direct, Theorem Reach and others. They all offer on a daily basis various survey for you to complete. Some consume only 5 mins of your time, others take up to an hour. The more time you need, the more you earn. Make sure to answer the questions honestly, as your answers will be verified: There are (obvious) control questions during the surveys, but also your answers are getting checked for consistency in the background. Great way to earn many coins.

Conclusion

Cointiply offers quite a broad range of activities to go through and earn coins. Quite impressive on how many offers are available on a daily basis to choose from. There is something in there for every one. My favorite activity is of course taking a survey to gain most points.

I also have to mention the help desk, which is amazing. You get a always friendly reply within 24 hours, and my problems were solved. Great service, which I really appreciate.

To gain some additional money outside of my day job, Cointiply is for sure one of my favorite sites currently. Highly recommend to give it a try, if you haven’t yet.