3 Ways to Earn Ethereum or OTC Tokens on the Otcrit Platform

Everyone involved in crypto currency has heard the phrase #HODL, hold on for dear life. The idea being that no matter what happens the best thing is to hold onto your coins and never sell or trade them. Even on Reddit, in popular crypto related subreddits dedicated to crypto trading, you will often see comments from people who are against trading. As far as they are concerned HODL is the only choice.

One thing this recent bear market has shown is that values can drop rapidly and painfully.

The most popular #cryptocurrencies are all down significantly from all time highs just a few months ago. #Bitcoin, for example, has lost more than 65% of its value since December. While it still has seen an increase in price since a year ago, for many who invested more recently watching an investment drop by more than half could be far too anxiety inducing.

There is also day trading or swing trading, which also have their own risks. Technical analyses in crypto have proven time and time again to break the fundamental rules observed in the stock market, mainly due to the smaller market capitalizations of most cryptocurrencies and the involvement of traders with significant shares of the coins. Is the choice between holding or trading the only option though?

As the technology and markets behind blockchain products mature, we have begun to see new offerings which provide more tangible benefits for those who hold tokens. Proof of stake, masternodes, airdrops or exchange tokens are a few of the concepts used to reward token owners, so that rather than simply hoping that the value of your investment increases, you receive more tokens or discounted services.

#Binance, for example, created their token #BNB which provides discount trading fees on their exchange. BNB could be a big part of why Binance has managed to grow so rapidly in volume. Other exchanges have taken the BNB model a step further and actually share a portion of the trading fees with their token holders. Kucoin’s #KCS and #COSS’s token are two examples of exchange tokens which can provide HODLers with passive income. 

The Otcrit Platform, which will combine numerous functions beyond that of just an exchange, will take the concept of a reward token even further by rewarding users with a share of multiple sources of revenue. Token holders and users of the platform will be able to earn from more than just exchange trading fees. In this article I will highlight some of Otcrit’s features, and 3 ways users can earn.

First though, please be aware that nothing in this article is meant to constitute financial advice. I am not a financial advisor, and you are strongly recommended to do your own research before making any investments. Also, as their community manager I am a paid member of the Otcrit team, and an owner of OTC tokens. However, this article is my opinion, and not Otcrit’s or any other team member’s. 

What is Otcrit

#Otcrit will be a platform for professionally researched information on crypto currency companies, combined with a trading exchange for evaluated coins. Analyses by experts will be available so that potential investors will be able to make informed investment decisions. Tokens listed on the exchange will be decided based on reports and audits, as well as the projects’ technological features, rather than how much the company can pay to be listed.

Why is it being created

One of the primary goals of Otcrit, according to Co-Founder Victor Koychev, is to bring transparency to the crypto currency space. Victor has described cryptocurrency as being in the gold rush stage. A main issue in crypto is being unable to know whether the information you are receiving is unbiased or simply paid promotional material. By bringing increased due diligence to projects, Otcrit hopes to help investors and traders avoid investing in projects which are unlikely to succeed. 

In this interview Victor discusses some of the issues Otcrit is trying to resolve, and the goals with creating the platform.

Brief overview of features

The Otcrit platform will have a wide variety of features. Investors, traders, community members, and blockchain companies will all find something for them. In addition to the reports produced by a team of experts, there will also be community reports created by regular members. Community reports will include additional information about a project, or even translations into additional languages. Investors will be able to request reports on companies they are interested in learning more about to aid in their own due diligence before they invest.

Other types of reporting which will be included on the platform will be political, economic, social, technological, environmental, and legal analyses (PESTEL) which examine how external factors such as the political situation around the world could affect a company.

Blockchain companies with a product will have access to a robust database of product testers to test and refine their product before bringing it to market. 

On the exchange, or Otcritex, traders will find features such as the Otcrit 100 index. Traders can also know that a coin listed on the exchange was listed based on its merit, and not its bankroll or ability to pay a listing fee.

Do more than HODL, get paid and earn rewards

One thing which truly sets the Otcrit platform apart from the competition, is the number of ways in which members can be rewarded or earn tokens. Whether it is contributing content or owning OTC tokens, Otcrit could be a great way to earn a crypto based income. In addition to rewards for users, Otcrit will also provide a way for the companies which list their tokens on the Otcritex to receive a portion of trading fees! 

1. HODL

What will almost certainly be a popular choice, you can earn rewards in Ethereum simply for HODLing the OTC token. Token holders will be rewarded with 10% of all platform revenues paid in Ethereum. What does that mean? Just like some other exchange tokens, OTC will pay token holders a portion of trading fees. The difference is that Otcrit takes it a step further in sharing:

• Trading fees
• Advertising revenues
• Subscription fees

2. Create Content

A component of the platform will be the community reports section. Users who request a report will be able to set an OTC token amount they would like to pay someone to complete these reports. This will be a terrific opportunity to earn tokens. Community members who demonstrate consistently high-quality results, may also have the chance to join the experts team as well. Fluent in multiple languages? Translating reports might be a great side-hustle. With the Otcrit platform, you will be able to put your research and/or language skills to good use.

3. Refer Users

Yet another way to earn with Otcrit is through the referral program. While many exchanges or tokens may offer a referral or bounty program, Otcrit will pay affiliates up 3 levels of referrals and up to 15% commission. Not only will you earn OTC tokens for your referrals, but also 2 more levels. You can find your affiliate link under your profile settings on the Otcrit website.

As you can see, the Otcrit platform wants to not only solve some significant issues in the crypto currency markets, but also give back to the users and community. This is not a complete list of all the potential ways to earn with the platform, and there may be even more as new features are added. Whether you are an investor/trader, writer or a marketer, the Otcrit platform has a way for you to earn rewards.

Presale dates and info

Otcrit is currently in the presale stage. The presale which began on February 15th, and will continue until April 23rd, has been going very well. The soft cap was reached on March 4th and the main sale will be continued in Q3 of 2018. For each Ethereum invested, you will receive 5000 OTC tokens, but during the presale stage there is a 10% bonus. 5500 OTC tokens per ETH. The minimum investment amount is only .05 ETH. 

What next?

If you would like to learn more about the Otcrit platform, or to invest in the presale or the main sale, you can visit Otcrit.org(Affiliate link). 

On Otcrit.org, you can also read free reports on blockchain companies such as: Monaco, WePower, VeChain and more. The Otcrit platform is currently in alpha status, and more features are constantly being added.

Thank you for reading, now let's start earning some rewards with the Otcrit platform!

Patrick

Otcrit Community Manager

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#Monaco #VeChain #WePower #Wabi