One of the most interesting cryptocurrencies around is Polkadot. What makes Polkadot more special than the other cryptocurrencies around? Most importantly, how do you get started, and how can you get free Polkadot without spending a single dime? All that and more is below by BtcAdv.
What is Polkadot (DOT)?
Polkadot is notable because of its “Parachain” feature that can process multiple transactions on different blockchains in parallel.
Imagine if all blockchains shared a common link. Polkadot aims to become the superhighway for blockchains where Ethereum can connect to Bitcoin and Cardano, Bitcoin to Tezos, and so on.
With this technology, Polkadot allows private and public decentralized apps to connect and interact with each other. Developers can now create entirely new blockchains. Whenever developers flock to new technology, investors eventually follow.
Plus, investors often have to buy fractions of crypto coins according to their value. Polkadot has become a more enticing option for investors due to it being the more affordable option.
Why Earn Free Polkadot (DOT)
Polkadot is a new generation blockchain protocol that simplifies cross-chain interoperability and communication by bringing multiple blockchains into one network. Staking Polkadot offers an average return of 14%. This rate may vary depending on different criteria.
Ways to Earn Free Polkadot (DOT)
There are numerous websites on the Internet where you can earn free Polkadot (DOT) by performing several tasks like watching ads, playing games, etc. However, you will only receive a very small portion of Polkadot (DOT). Free Polkadot (DOT) can be beneficial when the price of Polkadot (DOT) continues to rise over time, and helps you to earn good profits out of it. Moreover, the amount of Polkadot (DOT) you will receive is always random and is different all the time. Here are some of the legitimate ways to get free Polkadot (DOT).
Polkadot (DOT) Faucet
To participate in a Polkadot (DOT) faucet, you must have a wallet where you can store the coins. Most sites require you to have a hardware or software wallet. If you’re new to Polkadot (DOT), you can use a software wallet. If you don’t have one yet, you can sign up for a free account with Coinbase. These wallets can be linked to your bank account so that you can use the money from these Polkadot (DOT) faucets.
Most Polkadot (DOT) faucets are simple to use. The tasks require only a few minutes of your time. The rewards are automatically sent to your micro wallet, which is similar to a customary wallet. The rewards can be withdrawn into your Polkadot (DOT) wallet. However, you have to wait for a week or so to start earning Polkadot (DOT). If you don’t withdraw the Polkadot (DOT) immediately, it may take months before you’ll ever get your coins.
Polkadot (DOT) PTC Sites
Polkadot (DOT) Paid-to-Click websites (or PTC) are sites where you can earn Polkadot (DOT), rewards or digital currency by completing offers or viewing advertisements. PTC websites have been around for a while, and nowadays, consumers are looking for real PTC sites that they can trust.
Recently, Paid-To-Click Businesses have become very popular among Internet Marketers because Polkadot (DOT) is a great source of passive income. Since the introduction of Bitcoin, there have been numerous sites that allow people to earn Polkadot (DOT) as an affiliate for viewing ads and performing surveys.
Polkadot (DOT) Airdrop
Polkadot (DOT) Airdrops are distributions of Polkadot (DOT) sent to users for free – a fundamental way of garnering mass attention and engaging recipients with the related project.
Active early members of the blockchain community will receive small amounts of the new virtual currency for free or in return for minor services such as retweeting the company’s post.
The main criteria for receiving crypto airdrops are holding a cryptocurrency wallet such as Coinbase with a crypto balance.
Polkadot (DOT) GameFi
GameFi is a fusion of the words game and finance. It refers to play-to-earn blockchain games that offer economic incentives to players. The GameFi ecosystem uses cryptocurrencies, non-fungible tokens (NFTs), and blockchain technology to create a virtual gaming environment.
Typically, players can earn in-game rewards by completing tasks, battling other players, and progressing through the different game levels. They can also transfer their assets outside of the game to trade on crypto exchanges and NFT marketplaces.
Polkadot (DOT) Bounties
Polkadot (DOT) bounty refers to reward users get for executing simple tasks in preference of helping a crypto project in marketing or writing creative content that details the project and this is somehow like the way airdrop is being done; performing little tasks and getting rewarded with Polkadot (DOT).
Crypto bounties are a significant rewards mechanism that blockchain projects use to get help from the community on specific and necessary tasks needed by the team/network.
A lot of crypto projects often do bounties to promote their initial coin offerings(ICO) to get public recognition by crypto enthusiasts and investors who will buy their ICO, all they need to do is to launch a campaign, and users who are interested in their bounty offers will complete tasks and get paid with some amount of tokens
Bounty rewards campaigns were an enormous extravaganza during the ICO frenzy in 2017 and 2018 and a lot of projects created fake tokens and offers bounties to users, after some of the suspicious activities; crypto enthusiasts became very comprehensive in participating in Crypto Bounty.
Learning About Polkadot (DOT)
While Polkadot uses parallel chains for maximum efficiency, these chains do not work in isolation. Essentially, solutions on the different chains work like smartphone apps in that they serve different purposes but can efficiently communicate with each other. Polkadot’s interoperability and cross-chain communication ability mean that it opens the way to develop complex blockchain solutions. For instance, it can develop complex financial solutions to communicate with data provision services for a complete package.
A few well-known crypto entities offer this kind of incentive, including some of the big centralized exchanges.
With Coinbase Earn, you watch animated videos or read an article and then complete quizzes to test if you were paying attention. You get crypto rewards deposited into your account for completing the quizzes correctly and receive a bit of the specific crypto that you just learned about. The rewards aren’t going to make you rich, but it’s a relatively low time investment to learn and earn here.
To take part in Binance Learn, you have to have a Binance account already. So this partly serves as a perk or reward of having an account with Binance. Just like on Coinbase, you watch videos and take quizzes on what you learned. On Binance, however, you get a voucher for crypto tokens that you have to go and redeem yourself. But watch out: It’s only valid for 14 days.
Also Read:
- Polkadot vs Solana – Differences & Similarities You Need to Know
- Cardano vs. Polkadot – Which One Should I Choose
Shopping Reward
ShopNEXT is a Shop-To-Earn crypto onboarding platform promoted by Binance. This platform combine ecommerce and blockchain that allow everyone to make money from shopping at ShopNEXT’s partners.
For every shopping transaction, ShopNEXT rewards users cashback and NEXT token (the loyalty cryptocurrency issued by ShopNEXT), which can be sold on DEX and CEX exchanges to make money.
Polkadot (DOT) Interest
With Nexo, you can put your idle DOT to work straight away and have a predictable source of passive income without the risk.
Your Polkadot (DOT) Interest rate is determined by:
- Your Loyalty tier, which in turn depends on the ratio of NEXO Tokens against the balance of other assets in your portfolio. The requirements for each tier are as follows:
- Base: No NEXO Tokens are needed.
- Silver: At least 1% of the Portfolio Balance in your account must comprise NEXO Tokens.
- Gold: At least 5% of the Portfolio Balance in your account must comprise NEXO Tokens.
- Platinum: At least 10% of the Portfolio Balance in your account must comprise NEXO Tokens.
- The type of interest payout you choose:
- Earning ‘in kind’ means you receive your interest payments in the currency you’re earning on – in this case, DOT.
- Earning in NEXO means you receive interest payments in NEXO Tokens and benefit from up to 2% additional interest on all your holdings.
- The type of saving term: FLEX or Fixed. If you choose to create a 1-month Fixed Term on your DOT, you’ll earn an extra 1% interest on your assets.
Owning a Faucet
If you already have a domain and hosting with a wordpress installed and your now ready to set the wordpress faucet script in your DOT website in this turorial i will teach you how to create DOT faucet step by step
- Download the wordpress faucet plugin
- Upload the wordpress faucet plugin in your wordpress admin panel
- Go to the Faucet Owner Dashboard in faucetpay add your faucet to get your Faucet API
- Go to Configuration Paste your Faucet API in the wordpress faucet plugin in your wordpress admin panel
- Go to Faucet>>General>>Claims Add the Ref Commission and payout timer( Crypto Directories Setup is 50 Ref Commission and 300 payout timer for 50% refferal commission and 5 minutes faucet timer)
- Go to Faucet>>General>>Security add limit claims every 24 hours we limit our user in 10 claims per day to avoid abuse in the faucet also enable Avoid Opera Turbo users and Enable fake buttons
- Go to Faucet>>General>>System Configuration enable the Automatically run payout with cron run so your faucet will automatically pay the user every 20 minutes
- Go to Faucet>>General>>Captcha add you Captcha API you have 3 option you can use Solvemedia , Recaptcha and Raincaptcha ( in cryptodirectories faucet we only enable and use Raincaptcha which its hard to be abuse by bots )
- Go to Support>>How To Use copy the shortcode and create a new Page in your wordpress admin panel and paste the shortcode.
- Go to Faucet>>General>>Urls add your faucet page links or URL.
Write about Polkadot (DOT)
All that time you spend reading crypto-related content for free, you can actually make some free crypto while at it. On Publish0x, you can earn Polkadot (DOT) by reading crypto-related content, sharing it, and writing it. To earn by writing, you have to apply as an author. It’s in a way similar to the Medium Partner Program.
There’s also SteemIt, which is similar to Reddit down to the design. It’s a blogging and social media platform. SteemIT uses cryptocurrency and blockchain technology to reward its users for upvoting posts, commenting, and creating content.
Affiliate Program
Before promoting any affiliate marketing program, it’s essential to know their commission plans, marketing tools, and offers.
There’s no question that affiliate networks for Polkadot (DOT) and other cryptocurrencies are a great way to make money from the niche. You can join an affiliate program, promote a platform or give a mention to service and start earning immediately. To get started, all you’ll need is a website, an email address, and some patience. We highly recommend giving Paxful and Binance a try.
Read More: Best Referral Programs to Earn Free Bitcoin 2023
Conclusion
While there are legitimate ways to earn free Polkadot (DOT) , it’s always important to proceed with caution. Make sure you trust the source before sharing any sensitive information and don’t invest more than you can afford to lose.
Polkadot (DOT) is pretty much always a volatile investment, and it can be especially risky when you’re purchasing new altcoins. And if you’re not able to trade your free Polkadot (DOT) on a major exchange, it might not be worth the effort.
Finally, don’t forget that Polkadot (DOT) earnings are typically treated as taxable income, so keep a record of your investments ahead of tax season. By tracking your crypto holdings, you can help ensure that your assets are earning you more money than they’re costing you.
How to Earn Free Crypto Coins
