Seeing a complete breakdown of what you could earn in one month from crypto social media is super inspiring and it’s also useful to track so I will share with you the 10 platforms I used to make $1,803 worth of crypto in May.
I’m committing to sharing these every month and linking you to my May metrics report PDF: http://www.filedropper.com/blockchainlegacysocialmediametricsreport_2 or where you can normally find it on my Linkedin profile under featured: https://www.linkedin.com/in/scottcbusiness/.
To briefly go over my social media results for May, I received about 73,600 engagements, 32,880 video views, 3000 comments, 7,850 followers, and 1,323,000 impressions. I got my podcast listed everywhere in April, so I’ll still leave the Spotify & Apple links below:
Now let’s dive into earnings:
Publish0x – 65.1 BAT – $0.2276 USD = $14.82 + 582.3 LRC - $0.0589 USD = $34.30 + 30.96 DAI - $1 USD = $30.96 USD earned from post rewards. That’s a total of $80.08 USD.
Brave Browser – 65.15 BAT - $0.227 USD = $14.79 + 0.0603 ETH – $246.70 = $14.88 USD from ad rewards and creator donations . That’s a total of $29.67 USD.
LBRY – 25,427 LBC - $0.038 USD = $996.27 USD from user earnings, content earnings, invites, and more
Steem – Around 173.8 - $0.213 USD = $36.97 USD from post rewards
Hive – Around 552 - $0.26 USD = $143.52 USD from post rewards
SoMee – 15,122 - $? USD = $? USD from post rewards
Flote - 0.00026 BTC in donations received – $10,000 USD = $2.46 USD
Uptrennd – 2,000 1UP – $0.00505 USD = $10.10 USD earned for post rewards
Minds – 0.147 ETH - $246.70 = $36.19 USD earned from Minds Pro this month
COS.TV – 194 COS – 0.008 USD = $1.55 USD earned from post rewards.
The grand total came to $1,306.76 USD which is $1,803.33 CAD. That is $1,115.45 CAD more than last month or an increase of about 263%.
This is largely attributable to LBRY where I earned more 231% more LBC than the previous month and the price went up 1 cent from $0.028 USD to $0.038 now. That makes up 75% of my earnings last month.
This covers all my expenses as is. Now while this wouldn’t cover saving and invest, $1,800 is the maximum I spend every month on my main expenses covering anything from food to loan payments to alcohol. This doesn’t cover discretionary spending, but the fact that I was able to earn enough to cover everything including rent is so amazing and shows what is truly possible living as a digital nomad content creator. Do keep in mind though that LBRY has now halved their video rewards so I should see a pretty huge drop next month.
I’m not going to include COS.Tv or SoMee in the next given how low the rewards are and that I cannot withdraw them from SoMee, I’m not going to focus on them as much. I also don’t believe the current valuations being shown given no one is able to withdraw and when it is possible, I expect a huge drop in the price.
LBRY has become by far, the most dominant platform I earn on. Steem has started to die down with way less users there and everything Justin Sun is doing and Hive is starting to pick up contrastingly. I will continue to share these every month to give you a breakdown of what my earnings are to be completely transparent and give you an idea of what you could do if you did the same as me.
To give you a more comprehensive look, compare May to my first monthly earnings video from October where I was earned around $150 that month to now where I’m earning about 12 times that amount: https://lbry.tv/@ScottCBusiness:4/how-much-crypto-can-you-earn-in-one:7
The concept for all of this is to be able to earn enough money passively and passionately through doing what I achieve full financial freedom. I think many people interested in cryptocurrency and earning on blockchain platforms have similar dreams and motivations. Being able to earn from your posts starting day one is very encouraging and motivating. Anyways, I hope this inspires you and lights a fire under your ambition as it does for me. I think the most exciting way to build your personal finance is to set yourself up with income for life.
I’ve started earning some crypto dividends too, but I will be reporting on those through my dividend portfolio updates, so look out for those to keep up with the passive income side of my journey.
What are your income goals? Are you using any of the platforms I shared above? Is this useful and or encouraging for you? Would you like to see reports like these every single month to get a better insight into crypto social profitability? Let me know what you think about this in the comments below and don’t forget to subscribe!