What is Coinpot?
The first mission of Coinpot, created in 2017, as providing microwallet services for accumulate the rewards of the affiliated faucets (you will find the links at the bottom of the page). But during the years, many new features have been added to improve the reputation and the attractiveness of the project. In particular, the most relevant feature is the release of a proprietary coin, the Coinpot token! Let me give you some insights about the opportunities coming from this token. The first information is that the Coinpot token is mined with the faucet claims, starting from 3 tokens received for each claim from the faucets listed below. Then, these tokens can be converted in other cryptocurrencies: BTC, DOGE, LTC, DASH, BCH.
Coinpot multiplier
Once you have accumulated the first Coinpot tokens, the best way to increase their amount is to play the multiplier, which is very similar to a dice game. What is important for this multiplier is that the house edge is 0%, this means that playing many times the same amount of tokens with 2x multiplier will, on average, leave you with the initial amount of tokens.
Conversion to other cryptos
And what is the purpose of playing? The more you play, the more rewards in Coinpot tokens you receive. And remember, you can always convert your tokens in the supported cryptocurrencies . What about my personal experience? It's quite easy to earn 2.1k tokens per day with 100k multiplier rolls, you can also use more than one tab of your browser to be quicker.
At the current rates, 2.1k tokens can be converted in 1.1k BTC satoshi, not so bad considering the current value of BTC! For my experience, it is quite difficult to find a similar reward in other faucets.
I just mentioned the easiest way to earn, but you will find that there are many other opportunities in Coinpot to earn, like the affiliate program of the connected faucets or the lottery.
Lottery
In multiplier, every time you roll a number like 111, 222, 333 etc. you receive 1 free lottery ticket. It means that, on average, you receive 1 ticket every 100 rolls. Even though the free lottery tickets expire at the end of the day, you can apply for the hourly lottery before the expiry and earn very huge amounts of Coinpot tokens. Below an example. Of course there a lot of people playing, so you need a lot of luck to win.
VIP rewards and passive income
If you earn a lot of tokens, the VIP program tries to convince you to maintain these tokens for a passive income that is already good for the minimum level (Standard), which means 0.02% daily of the balance (minimum 5k tokens at the end of each day) and increases with the reward level, for example it is 0.04% for Bronze up to 0.12% for Diamond. If you look at the annual yield with the compounding daily interest, it means that as a Standard level you will receive 7.57%, up to 54.92% for the Diamond level (quite difficult to reach as you need to have at least 5 million tokens to be eligible for the level). What is also interesting is the fact that increasing the VIP reward level, also the token rewards for each claim increase (from 3 tokens for the Standard level, to 4 for the Bronze and 6 for the Diamond). Reaching the Bronze VIP reward level is quite easy as it needs "only" 100k tokens.
So what do you think of this program? I will be very happy to discuss and share ideas in the comments.
If you want to join the fun, you will find the links for subscription to the faucets here below.
Faucet (paying) links
Notes
All the images presented in this article are taken from Coinpot.co website.
