Crypto rewarding mobile apps, are they still rewarding?

avatar

  As I said before, one year is a good amount of time to see how your crypto trials work. One year ago I made a post about phone apps that were made to gather cryptos. I mentioned mainly two which were in my head the most promising ones in here. The ones that I chose were CoinApp and Hi app.

  I totally abandoned Hi app. If you check my old post at that time I had 142 Hi dollars by clicking every day once which at that time those 142 Hi dollars had a $187 value, a crazy amount of $1.31, as you can see in the coin market cap screenshot below it looked like an exciting coin up to around May of last year. What happened? They noticed that this free button every day was going to be difficult to handle when everyone unlocked those Hi dollars. Until that time, we clicked to get this 1 Hi every day, but it was "locked" and they were deciding the best way to fund everyone. How did they decide? Well to unlock it the user had to buy a certain amount of Hi and in addition also a need to refer new users to the program. I decided to abandon it because I didn't feel secure on the project in addition I didn't want to depend on referrals, it looked like a pyramid scheme! Even I heard that their plans to become an exchange with a credit card are still moving on. I preferred to forget the project

Hi Dollars at coinmarketcapt screenshot

  Another project that I cited, I guess there are still more users in this project, and some people in Hive also use this project. The CoinApp rewards users with XYO token by "geo mining" , all planet is divided into quadrants and every time you move into a quadrant you mine "Coins". Every 10,000 coins you can swap by XYOs, I just swapped last week 10,000 coins for 797 XYO tokens, which is around $5. Free money just by moving around and letting the app run on your screen while you are driving. One year ago I had the mentality to hold these XYOs because maybe one day it this $5 could be transformed into $30 or more. However, I changed my mind. Like any type of token that is only purpose is to pay the user for an action, it has a big sell movement and low buying movement. Who would buy a token that you can earn for free? So the number of XYOs that I had was around CA$20.92 of value, I sold it and I used it in other investments that I feel are more reliable as in the Coinbase screenshot below.

My XYO movement screenshot in Coinbase

  Almost 3k XYOs are gone, I could have won more. I will be sincere that during the bear market I stopped a bit to use the app, but it was a dumb thing, it doesn't cost anything to let it run right? I guess I lost the moment to sell it as well, as you can see the first batch of XYO received the token value was around CAD$0.03 and I sold it for around CAD$0.007 nowadays. For me, on top of being only a reward token, the token is an ERC20 token, so to move around you pay lots of fees. Luckily the app gave a little bit of relief after the partnership with Coinbase. There isn't any fee when you transfer XYOs from the App to Coinbase. Below you can find the chart of the token on the Coinmarketcap website. You can see that the token one year ago was around $0.02 and now it is $0.005

XYO at coinmarketcapt screenshot

  So for me is still valid to use the app, if you drive a lot and has one of the eXtension Devices, which you can get it for "free" only by paying the shipping. I paid $17.95 which in Canadian Dollars is around $25, so right now I totally paid for the extension device! Yes! It could be earlier, though. Here is the link to join using my referral: CoinApp referral .

My order of the extension device last year



0
0
0.000
2 comments
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

0
0
0.000