There are many ways to make profit in the crypto world which is the youngest and fastest growing member of the capital markets. These ways can include
trading which is hopefully buying coins at a low price and sell at a high price,
airdrop coins that are provided by new projects eager to advertise and conver those free coins to cash,
Investing new projects during its’ first steps through public offering or private sales and sell them as soon as stock market listing or long-term hodl for high profit sales.
There are much more ways like gem hunting, saving, staking, farming, e.t.c. All these methods can bring high profits in the volatile market, as well as possibility of turning into frustrating adventures. There is a safe port : SOCIAL MINING
The crypto market moves according to supply and demand. However, due to its decentralization, it is independent from world politics and economy. While there are many factors affecting this market, prices can change at once for the following reasons:
⦁ supply;
⦁ market value (value of all coins);
⦁ press releases
⦁ integration with different payment systems
⦁ important events such as project updates, security changes, new partnerships
Before investing a detailed market analysis, which is also known as fundamental analysis, is of great importance when investing. This determines whether you will be successful or not. In methods such as farming, saving and staking, this analysis should be done for a longer time period due of lock-up. However, no matter how detailed you study, unforeseen market crashes can cause your investment to shrink or even to melt to liquidity. Because of high volatily, this is an incredibly tiring and stressful process and sometimes difficult to sustain.
In airdrops, scam projects start to discourage your enthusiasm after a while. The returns after the tasks you have done with a lot of effort can be a wallet full of silly coins that do not worth a penny.
DAO Maker SOCIAL MINING 101
If you are tired of all these stuff mentioned above, social mining on DAO Maker platforms will help you to continue making profit with a zero level risk environment. DAO Maker platform was first developed in 2018 and still continues to evolve. Basically it is not a bounty hunting platform but aims to create self organized communities and expand project advancements. Social miner become a part of the project and help the growth and development of it with earning incentives with performance. The projects meet with their communities on the platform and publish tasks with different rewards depending on the difficulty and importance. Community members complete tasks on their own will. No rush, no insist. Software detects and collects user efforts data through APIs ranging from technical development to something as simple as retweets. Finally members are rewarded according to the quality of the content they produce. In summary the more quality production, deserves the more earnings.
Some leading projects like LTO, Elrond(now EGLD), Ferrum and Harmony used the platform for managing community efforts and completed the program with successful listings besides immense communities.
Social mining is available for NEM, AVAX, 2Key, OPT and INJ currently. As you see in the infographic below 66.66 % of active projects are listed in Binance.
At the end of this start up, social mining can change the way you look to life. Christoph ZAKNUN, the CEO of DAO Maker, describes The DAO Maker’s aim as to spread goodness with combining all successful sides of regimes and to set more equal and more fair communities around world. Watch full interview https://www.youtube.com/watch?v=NBUgGfClz-Y
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Important links:
- Telegram: https://t.me/daomaker
- Twitter: https://twitter.com/thedaomaker
Source:
https://medium.com/daomaker/the-history-of-social-mining-and-its-future-as-dteams-5d7c753e08a3
