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Read.Cash Explanation & Overview

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6 months ago (Last updated: 5 months ago)

Read.cash is a blogging platform similar to Publish0x and Medium with a few unique features of its own. It uses BCH for tips and also rewards creators from a platform community-funded fund. Let’s dive into the platform so you can learn everything you need to know about it.

Read.Cash as explained by them is a “platform where you can publish content (articles with images and videos) and earn Bitcoin Cash cryptocurrency (ticker: BCH) for doing so. If a reader likes your content - he or she can upvote your post by sending some amount of Bitcoin Cash (BCH) to your online wallet.”

You can see their breakdown here: https://read.cash/@Read.Cash/what-is-readcash-faq-7b0bfcfc

 

Read.cash has recently introduced platform rewards, boosting, and sponsorships. These 3 major changes have resulted in a huge influx of users of which I believe will continue growing.

In the video, I demo those features as well as go through publishing, your profile, sending and receiving BCH, communities, and I review the statistics they share.

 

Boosting allows you to spend a bit of BCH given to the platform to compete with other people bidding boosts on the platform for visibility whereas sponsorships are a way for users to give each other BCH for advertising space on their profile and posts. Their new fund that relies on donations pays out a percentage of that fund every day based on points earned daily which are calculated based on the various contributions and engagements you make and receive on the platform. Essentially, this will incentivize and reward creators for making quality contributions and posts on the platform.

You can learn all about sponsorships here in this other tutorial: https://read.cash/@scottcbusiness/how-sponsorships-work-i-will-sponsor-you-e7e9d8a0

 

One thing I missed in the video was in the notifications section when you click on persistent notifications, you will see options for email updates. More importantly, you will the option to automatically add sponsor blocks to your blogs that you don't manually add them, this is a great way to not have to worry about this but still incentivize and attract new sponsors.

I believe that platforms that offer platform rewards are the most lucrative platforms to entice new users to join though they are not always totally sustainable. However, it is really awesome and worth taking a look at. Even if you ignored the cryptocurrency aspect I still believe it’s better than legacy platforms like Medium. The only gripe I’d have is that the community sorting and listing is very jumbled and could use a better filter.

 

For all the tutorial and guide information, you’ll have to follow along with my video. At some point, I will make individual posts on Read.cash for various tutorials and guides.

 

Let me know if this was helpful to you. Are you using Read.cash? Will you use it after seeing this? Let me know what you think about it and what you prefer to use for publishing and viewing articles in the comments below. Don’t forget to like, share, and subscribe too!

Thanks to the sponsor of this video and post: Primecoin.

Browser link: https://www.primeplay.io/

You can join Read.Cash using my referral link: https://read.cash/r/scottcbusiness

👥 Support Me & Follow Me Elsewhere 👥 

👉 http://www.scottcbusiness.com

You can send XRP, BCH, BTC, ETH, or LTC to scottcbusiness.eth or scottcbusiness.crypto depending on the wallet you're using.

You can find the rest of my sponsorship, referral, donation, and extra information here: https://read.cash/@scottcbusiness/sponsorships-referral-support-resource-f7efb629

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Avatar for scottcbusiness
Written by
This user is who they claim to be.
We have manually verified this user via some other channel.
Proof
  1652
6 months ago (Last updated: 5 months ago)
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