I'm a Hive fan boy, no secrets! Heck, might as well label me as a shill!
But big picture thinking, is that the more blockchains that have 'social media' as a focus, the better. It's the entrepreneur in me I guess :)
So one of the blockchains / crypto projects that has been going hard into the social media realm has been...Bitcoin Cash!
Now, not a single part of what the BCH devs are doing when it comes to social is on a blockchain. But they are developing cool platforms with integrated BCH tipping features. All to raise awareness for the 'real Bitcoin', or whatever they call it.
Some of the more popular apps they have built over the years have been things like read.cash and the uber popular (at one time) noise.cash which was reborn as noise.app
I've had so-so results from using it, I loved the simplicity and lay out of the platform but it always felt like you were waiting around for hand outs from the BCH whales that funded it. As there was no proof of stake, you either earned BCH from tips or 'crumbs' that the whales dished out.
Still...It's VERY active and recently noise.app has been giving some great results and increased engagement.
The latest BCH related project that is all the rage is...
CashRain
What is it?
It's a sneaky little marketing platform that allows you to build communities. And in those communities you can 'Rain' rewards to the members of your community. It's all out of pocket and no 'angel whales' to give you some BCH to play with. Regardless, it's become very popular in a short amount of time.
The Good & Bad
The good...The 'members' of your community do seem to take action at first. For them to participate in the active 'Rains' you do, they need to follow you on Twitter, retweet your latest posts and / or join your Discord.
Here's what I have done with 2 small 'cash rains' this week:
Over 400 new followers, most of these directly from CashRain
Huge Tweet impression and profile visits increase
Some engagement, even though it's basic replies, but I'll touch on that later.
We also generated about 200 new members to our Discord server but.....
The bad...All these numbers are pretty much coming from accounts that do nothing after they 'follow or retweet' you. Like I mentioned, I got a few 'Done' replies in Twitter, but that was them just telling me they followed the bare minimum needed to take part in the 'Rain'.
As for Discord, forget about it...Over 200 people joined, absolutely zero engagement or participation.
I've heard from others, that they have been getting better results than me, and I guess it's possible of course. But something just seems off here...
Earlier this week, I thought for sure this would be a fantastic promotional tool to raise awareness to the CTP community and of course, Veews. Now I'm not so sure. I do see the potential value in doing these 'bounty' type promotions, however if the people taking part do nothing to follow up after they join the community, what's the point?
And the fact that there are thousands of CashRain communities that 'rain' BCH to these people, this is just a fancy crypto faucet right now.
Again, I can see the potential, however if it's going to be viable in a month or two from now...The quality of participation, has to increase.
Have you joined CashRain?
What's your opinion of it?
I have joined cashrain and at first I didn't get what it was all about. I then read some posts and people were saying that they joined the top 30-50 communities to get as much rain as possible. Hearing that, the platform kind of lost it's attraction for me. In a nutshell it's nothing else that to pay users for following you. As soon as you stop the rewards, people will abandon you... Therefore I'm not totally convinced about the model.
Over 200 people joined our Discord....Not one has said anything in any channels other than the 'wave GIF' lol
This is why I hardly join these platforms, I end up being a dormant user most of the time, which is not a good look which is why I mostly stay clear. Thanks for the review. Doesn’t seem like I’m missing much
Posted Using LeoFinance Beta
Yeah so far, not missing much. It's a cool boost for the sake of seeing numbers go up, but that's about it.
I joined a few days ago just because others are, too. I have little to no expectation other than it dying out in the near future. It's not a place to share content, and as you said, there would be fake activity on Twitter, etc., but without any lasting effects. Essentially, this is buying followers and likes.
That's exactly what it's ending up looking like it is.
I just joined a day ago and still knowing how it really works. Thanks for this info.
It has a lot of potential, but I don't see them changing things up.
I sign up for cash rain but it still in beta and trying to understand about the site that how we can earn BCH from here. I'm already in read cash and using same wallet for cash rain too. Thanks for bring this topic to discuss.
You get a 'chance' to win some small chunks of BCH...By following tasks on the site.
ok I get that, hope there will be more task available too. Thanks for your kind reply! Have a nice day!
I have not joined cashrain because there just isn't enough time in the day for anything. It's possible for some of those members to turn into actual members but I think it will be tough regardless. I have a feeling that some of them are in it just for the free money.
Posted Using LeoFinance Beta
That's what it is looking like...A new way to do 'faucets'.
I am hearing of cashrain from many people. I joined it but honestly speaking the platform made no sense to me. Or perhaps, I don't feel comfortable anywhere other than hive.
You can never go wrong on Hive :)
😀
This is a great update and awareness to know what's going on out there.
Thank you for sharing your knowledge,you are amazing!!!
Posted Using LeoFinance Beta
Glad you found it useful, thanks for stopping by!
You are amazing
I’m getting a bit tired of these social apps that quickly die.
Besides, I can’t even keep up with my hive feed, leothreads and some veews.
Have fun over there, but I’m going to skip this one.
If I would be a fulltime blockchain entrepreneur like you I would probably try it out.
lol you aren't missing much really. i see the potential, heck even a hive based one to reward action taking, but it still needs work on BCH.
Ah ok! I’m sure you’ll tell us if it does grow into something significant
I think they're realizing the importance of a social aspect on a blockchain. The idea of CashRain is a bit novel but it can be fine tuned further. The incentive for the participants is just to 'rain the cash' so they wouldn't want to go beyond that. Maybe another strategy can be implemented to foster engagement
A follow up task, like follow someone and then so something else...Could work well. But then people will always do the bare minimum.
I think BCH is now getting desperate but they destroyed their own reputation by pushing the scam token named - "SmartBCH". I feel spamming people with follows won't serve grand purpose. But the cashrain does not work if you don't use twitter follow at the most, if you do then rain works otherwise no rain. I feel BCH is going to die at this rate, so the most logical approach would be selling the BCH once 200 USD price hits, it's not a chain that people would be trusting in near future.
I didn't jump into it but I've heard a lot of people upset with it all...Is there a run down somewhere of what happened with it?
This could be a great place to show users what real blockchain social media look like by creating HIVE related content there.
!PIZZA
Posted Using LeoFinance Beta
lol that is always my end goal when i join these things, point them back to Hive lol
It is a pleasure to hear that!
Cashrain is a terrible idea. As you say so yourself, the quality of the leads it gets you are so low, they're worthless. And, what's stopping people doing the required tasks, getting paid and then just unfollowing afterwards? It's a terrible idea. Hive wins for social blockchain rewards, hands down.
Posted Using LeoFinance Beta
It's night and day, how good we have it here on Hive. Mind blowing that it's not more popular.
In these types of applications there will always be abuse, but there is abuse in all things in life. I think you have to get away from chasing the abusers and use the tool for what it's for. Do you want to promote an event? Throw a tweet about dropping some coins and you will have the promotion. It can be repeated many times and it will always work.
Always ruin a good thing, it's also the fact the majority of people on planet earth do the bare minimum. It's not hard to stick out from the crowd, by doing just a little bit extra!
the Bitcoin Cash people are doing a lot of work on social media. I tried Noise.Cash, but I too was never fully convinced by the distribution of rewards so I abandoned Noise Cash. I know then Noise.App was born and now you inform us that there is this new CashRain. So far I am not attracted. I don't think the logic of that blockchain can create an interesting rewards system. Thank you for the information
As soon as the tips and crumbs they gave out stopped, then activity slowed down. I do like the way they lay thing out, and i'm still hopeful noise.app can add value. But if you are using it and thinking you'll get any crypto for doing so, it just wont happen.
thanks for this feedback, I currently have no intention of investing my time on social networks that run on BCH, they have already disappointed me.
It does seem that BCH has been going pretty hard into the social media space. Weren't they doing something in conjunction with Publish0x for a while too? I remember creating an account, but I haven't touched it in forever. I was cross posting for a bit, but it just started to be too much work.
Might have been read.cash, their blogging platform. Publish0x, wow what ever happened to that?
Seems like CrapRain to be honest. Any time you monetize something like this it just get littered with spammers. That place honestly has me confused with how much they launch and end up destroying a good thing. I don't get what they are trying to do anymore and kind of given up on it.
Posted Using LeoFinance Beta
It's mind blowing, such good ideas (noise) and then they just seem to let them die. Might be simply the fact, they have no proof of brain like we do. BCH just can't handle social on a blockchain level.
Great. I just Cashrain when kimdotcom launch it, do you have a community
Ahhh he launched it huh? Yeah it's ctptalk , not sure how much we will be using it though
Can hive build something like this
I'm sure it can be, a bounty system that rewards people for taking action on things.
No problem, keep doing your work. It's probably they need some time to build their trust.
Which is understandable, but out of 200 plus people joining, not one has said a word...
Lol.
Np. Give them some time.
Keep doing your work.
tooo much to keep up with. I am glad you keep us informed!!
!CTP
!PIZZA
It's got potential, but right now...It's filled with freebie seekers.
i have mixed feelings about it. clearly a lot of it will just be those looking for free crypto. i do think once the hype starts to die, we may see people start to use it differently.
for now, i'm trying to bring people to LeoFinance and my NFT project. will it yield much result? doubtful but hopeful since it's extremely low effort.
Posted Using LeoFinance Beta
Yeah, there is potential there for sure, and we'll see when it dies down if they implement more.
tbh I'm tired of these BCH projects, as a normal pleb you earn breadcrumbs or nothing, besides that BCH didn't perform to hot in the last bull run so ... meh
Yeah, if they had some kind of proof of stake algo tied in, but its the glorious BCH thing so...Not gonna happen lol
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Very awesome, I love ever fact about you, keep it up