Hello friends!
Apologies for being a bit late on this news--I just arrived home from my 2-year Australia/New Zealand trip this week, and it's been a whirlwind to say the least!
Let's jump straight into it...
About a week ago, Publish0x's founder @danbainbridge (make sure to go follow him!) published a new post updating us on the latest news on Publish0x, which contained some enormous (and extremely exciting) upcoming changes. Here are my thoughts on the biggest bombshells he dropped:
1. Ethereum Added To Tipping Pool.
AWESOME to see one of the clear blue-chip cryptos added to the ecosystem. This will be very beneficial for the site's membership growth, since Ethereum is far more recognizeable to the crypto layman than any of the tipping coins used in the past.
When internet frolickers see that they can earn BAT, DAI, and LRC for reading articles, they may not be inclined to jump on the signup button. But ETH? Everyone seems to want a piece of that DeFi pie these days!
Increased membership will benefit everyone.
- For authors: We'll attract more readers for our articles, increasing our earning potential
- For readers: You'll receive more high-quality content from the best creators in the space.
With this news, we bid farewell to DAI, and give our congratulations to BAT and LRC for remaining tipping coins for the foreseeable future!
2. Minimum Withdrawal Fees Have Been Raised
If you're a dedicated fan of P0x like I am, this is fantastic news. Casual users of all kinds of crypto platforms will whine and complain that they can't cash out their earnings immediately, but we don't want these people here anyway.
By raising the bar for when people can dip out, it increases the likelihood that people will stick around for the long haul, and dedicate more of their time and energy into being a quality participant in the P0x ecosystem.
Obviously, this is a very, very good thing.
3. Rewards Increased by 30%!
BOOM.
This is epic news for everyone reading this. There's no better signal that the platform is healthy and ready to take the next step!
I'll be the first to admit that the income potential is one of the most appealing part of Publish0x authorship, and I know I'm not alone. Who needs a cup of coffee in the morning when you can just open up your dashboard and see you made a few bucks while you were sleeping? #Winning.
Thoughts:
How will this affect the P0x business model?
As users, it's important that we keep an eye on these behind-the-scenes developments, so we can be the best ambassadors possible for the platform.
@danbainbridge made it clear that the platform will be moving away from the project sponsorship model moving forward, which leads to the obvious question: How will P0x's business model change as a result? My understanding since day 1 on the platform was that sponsorships were P0x's main source of cashflow, so it will be interesting to see how they plan on adjusting their strategy.
Clearly, they've got some big ideas up their sleeve:
Our new mission is INFINITE; to simply showcase, write around, and integrate good stuff exclusively without needing to seek sponsorship or aim for short term profit.
-Boss Man Dan
@danbainbridge hinted at more details on this coming out in his next post, so I'll be keeping my eyes peeled for that!
Affiliate Partnership With Atomic Wallet Weakening?
This one is speculation, but I've seen the writing on the wall for a while now. After many months of dedication to recommending Atomic Wallet for all P0x payments, I found it interesting that the P0x frontman expanded this list to include several other competing wallet services in his article:
You can withdraw your tokens to any ETH-ERC20 wallet that you have the keys to. Our recommended wallets are MyCrypto, Atomic Wallet, MEW, Metamask.
-Boss Man Dan
If I had to guess, I'd say this is because Atomic has been fumbling hard with their affiliate program lately.
1 month later, still waiting :(
I'm a big fan of Atomic (I use it myself) but there's no doubt that they've been struggling to keep their affiliate program secure. Since P0x relies on affiliate rewards for cashflow, I'll bet they've been scoping out other options in the event that Atomic can't get their shit together.
(@Atomic-Wallet if you're reading this, please get on top of this. I love your platform, but many of your most loyal users (myself included) are frustrated with having our referral rewards withheld.)
Public Support is Stronger Than Ever
This should be pretty obvious to anyone who's been on the platform for a while, but a quick skim through the comments section of Dan's post should be enough to tell you how strong the P0x community is becoming. I couldn't spot a single negative comment on the entire thread, which is obviously an impressive feat.
Simply awesome to see!
That's all for today, folks. Hope you've enjoyed this little refresher on the latest at Publish0x! I'm more stoked than ever for the future of this platform, and you should be too.
-Ben
