Now that the crypto market has proven its potential for volatility, it means the end of the free easy ride that came with HODLing.
Crypto is still a valuable asset and the market recovering is a great sign, but choosing what to invest in, and earning crypto without having the funds to put into is the top question on the minds of everyone interested in this space.
Which blockchain projects will succeed and how do I take part?
There are a lot of blockchain apps that let users earn crypto, but that’s also the problem. There’s a lot, and deciding which are worth your time and will ultimately pay out is critical. Time and effort is valuable. Likewise for investors, which do you chance investing in?
Taking a look at the dot com bubble can aid in gleaning insights that can answer these questions. While the crypto space is a different beast, consumer patterns and psychology will still go a long way in picking out the winners.
In the dot com crash many businesses went under because the business model couldn’t survive a recession. The ones that stuck, Amazon, eBay, Expedia, these were businesses that either made money for people or helped them save money without being overly complex in their usage.
While blockchain adds a layer of complexity to this example, if it’s going to be successful and adopting by the mainstream, it has be easy to use and understand, plus serve a purpose that will survive in any market.
So which ones are poised for mainstream use and will stand the test of time?
Vanywhere:
This app makes its way onto the scene providing a clean, easy to use and understand application that saves its users not only time, but earns them money in the process. No matter your level of understanding in crypto, Vanywhere is poised for mainstream adoption. It works by allowing users to commodify their skills and knowledge, plus gain access to the same from other users.
For example, recently my tv crashed on me. Luckily I have a friend who works with appliances and electronics, I called him and had it working again in just a couple minutes. But if I didn’t know anyone? That’s what Vanywhere comes in. My friend, the Skiller, would’ve been paid in crypto for just a couple minutes of work. From cooking, electronics, to health, Skillers can commodify their expertise and users have instant access to it.
Vanywhere solves a real issue, saving people time and earning them money, plus it has the ability to scale as a Quantum blockchain.
Storm Play:
While this blockchain application won’t be used by everyone, it still caters to a large demographic. Storm Play allows users to earn crypto for testing and reviewing mostly games, but other products and services as well. Consumerism and gaming are huge markets that aren’t going anywhere, and users can earn money while trying out new things and reviewing them.
This app has big potential, but will ultimately be dependant on the quality of products available to its users.
SMS Chain:
Not very many people today use SMS text messaging, opting instead for messaging apps like Facebook Messenger, Sklype, Telegram, WhatsApp, Kik, Line, Kakao among others. So who uses it? Today it’s used primarily by automated services to send you notifications, reminders, bank updates, promotional messages and the like, known as A2P or application-to-person.
SMS Chain pays its users crypto for their empty SMS space, allowing the public to earn from an unused resource, and companies get to pay less for storage. Because it’s on blockchain, users have no need to fear third parties invading their privacy so It’s a win win for everyone involved and users don’t even have to do anything.
Storj:
Similar to SMS Chain, Storj takes the concept a step further paying users for any unused hard drive space. You can choose how much extra space you allocate and earn crypto in return, and again, the decentralized blockchain network prevents any one source from gaining access to your files.
Storj is an interesting case since currently cloud storage is almost entirely owned by Amazon Web Services, Google Cloud, and iCloud, meaning anyone wanting to host something on the web must pay them to do so. Storj is one of the companies disrupting this system, making web storage vastly cheaper for individuals and companies alike.
These are the early movers of the blockchain space, and while there are more to come, those that pull off their use cases first and do it well are the ones that will dominate the space and stick around.
