Decentralized Applications, DApps as they are referred to are the becoming more popular each day as various teams are finding new ways to decentralize almost everything.
The purpose of building decentralized application came with the need to take power from platform authorities who will naturally make rules which will favor them. Whereas, with decentralized applications, standards are set and are being implemented using smart contracts.
Since the blockchain is all about transparency, teams who build DApps have their codes displayed publicly for anyone who wants to verify its operations. You can learn how to build applications yourself as well, starting with a basic tutorial like this one.
This new way of building applications had come a long way from when it all started which was just to make financial transactions possible between two parties without the need for a mediator. Now, there’s been more application of the new technology in almost every sector of the economy.
Most importantly, DApps developers are finding means to reward their users, using the platform’s native tokens which are easily tradeable into real money. This way, they bring their tokens to the limelight, and also to remain relevant to users of their platforms.
Listed below are examples of great projects which rewards users for their usage.
#1 – The Brave Project; Browsing With Total Privacy
Brave was created to solve present challenges in the web advertising industry. Before brave was developed, tech giants such as Microsoft, Google, and Mozilla tracked users activities and targetted them with related ads. Users not only got nothing for viewing these ads but also spent an estimated sum of $23 in data charges to download ads which results to a whopping $276 yearly.
The Brave browser on the other hand with the help of the platform’s native token, BAT token rewarded users for viewing ads. Unlike other browsers where users are tracked and delivered tailored ads, Brave allow it’s users choose what information the user wants to be revealed. This way, no central authority gets all the money from ad publishers but that funds go directly to the users/viewers which it rightly belongs. Content creators too are not left out; they can get support in BAT tokens from visitors who frequently visit their platforms.
#2 – Peepeth; A Twitter Alternative
Peepeth is a social media platform just like Twitter but better. Just like the case with the browsers, if you thought you have been accessing these web platforms for free, you have got things wrong. Your details which you voluntarily give to these platforms are converted to wealth without your notice. So they can afford to bring you better updates which make you willingly or unknowingly give up your details.
With Peepeth, there are no illegal data gathering. What’s more, this decentralized app allows users to tip themselves. Basically, you earn money using Peepeth than when using Twitter. Though users need to pay a little sum in ETH cryptocurrency to signup on the platform, after that, it’s basically you earning by contributing positively to the platform.
#3 – LBRY Credits; Publish and Sell Your Own Contents
The LBRY project is for content creators who regularly make contents for others. The platform which runs on the blockchain makes it easy for users to publish their contents while holding all the rights to it and also getting paid without a mediator (a publishing firm).
The project was founded by Mike Vine and Kauffman who were looking for means to decentralize shared and published materials on the web. Unlike other traditional organizations who monopolize this market, making it difficult for content writers and artists to grow by subjecting them to hard rules which they agree to as there are no alternative options.
The LBRY tokens, which is native to the platform gives individuals the opportunity to reward contents that they think have been useful to them. Contents that can be published on the platform include an eBook, a song, or a film.
#4 – Storm Play; Earn Money Completing Micro-Tasks
The Storm platform, formally BitMaker gives freelancers the opportunity to work remotely and get paid their real worth without getting to pay ridiculous cuts to conventional freelance platforms.
Storm introduces the Storm Market, a decentralized platform for both the Storm Makers (sellers, advertisers, companies) and Storm Players (freelancers, consumers, viewers). To compensate the efforts of Storm Players in carrying out these tasks, Storm Makers pay them in the platform’s native tokens, referred to as Storm Tokens. Both parties (Storm Makers and Players) are required to install the Storm Play app which gives them access to the marketplace.
Storm Tokens earned can be easily traded and exchanged to other cryptocurrencies and sold for fiat. Tokens are ERC20 tokens and can be stored using MyEtherWallet (MEW) cryptocurrency wallet.
#5 – Sia; The Decentralized Cloud Storage Platform
Sia is a decentralized storage platform like Dropbox, Google Drive, and Dropbox. Unlike its competitors, Sia uses the blockchain to store data.
The idea behind the project was conceived at the HackMIT Hackathon 2013 and is now being headed by Nebulous Inc, a US-based blockchain startup.
Siacoin is the native token for the Sia platform. This is earned when people rent out their spare space on their PC to the Sia ecosystem. In return for the usage of this space, owners get paid using Siacoin.
Siacoin can be purchased and traded on some exchanges and can also be stored in a designated wallet for Siacoin cryptocurrency.
#6 – Decentralized News Network (DNN); Delivering Verified News Coverage To The Community
Unlike traditional media platforms, DNN has created a decentralized platform which rewards news contents writers alongside their readers. In whatever way you are contributing to the platform, you rest assured you are earning some cryptocurrencies.
Content producers earn when they are tipped for delivering quality contents to the community. On the other hand, content readers get incentives for verifying what content producers have written.
This concept assures that what’s read on the media are all real as it’s up to the community to verify its authenticity. Tokens earned from this platform can be traded and cashed out at any time.
#7 – Ethlance; A Decentralized Freelance Platform
Similar to Storm, Ethlance is another decentralized marketplace for job seekers and finders. Ethlance gives freelancers the benefit to holding all their profits without paying platform owners as no one owns it and it’s available forever as long as the blockchain exists.
Nevertheless, activities on the platforms are seen as transactions, so every commits attracts a small token as the transaction fee. With the use of MetaMask cryptocurrency wallet, freelancers get their pays for completed jobs effortlessly.
These platforms above mentioned are just a few from a whole lot of decentralized apps already in existence you can earn from and a host of others are already in development, ready to hit the market.
This seems to be an exciting time in the history of the world. Blockchain, which has come to stay sure has brought with it lots of goodies one of which is to return power to the users who have been contributors on platforms world over.
There’s no shortage of ways to earn cryptocurrency through work, tasks, or leveraging available resources you have. This list provides some of the some more popular ways, but you can also see our articles on making passive income through masternodes or staking coins.
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