social mining is the new mining! : my little story with this revolutionary concept.

By henryba | henryba | 4 Feb 2020

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Hello everyone, today I would like to talk to you about social mining and my personal experience since I discovered it.

but first, what is social mining would you tell me ?
It's a revolutionary process powered by @TheDaoMaker that aims to promote a project in which we believe and where we have invested, in a constructive and community-based way.

How's it going?

for Ferrum Network for example you have to:

-Submit and verify your ERC-20 wallet with a minimum of 5000 FRM tokens.

-Validate, and comment the work of other community members and post your own work which will in turn be validated by other members. (which implies that the work will be of high quality because if it is mediocre, there will be little or no reward.)

Earn FRM! (Every two weeks you receive what is called a "work drop" related to the work you have done.)

What content should you submit?

You will be able to submit all sorts of things that will add value to the project you are defending.
For example, articles, computer graphics, videos, research, translations, and talk about it positively, objectively and without spamming in social networks.

if you want to know more about DAO MAKER, here is their website and their twitter account.

if you want to learn more about how social mining works, here's their gitbook

but after that introduction, let's get back to my personal story with social mining.

in November 2019, while browsing twitter, I came across a tweet about Ferrum Network's social mining, it caught my attention because since August 2019, I have some FRM tokens in my ERC20 wallet.
so I decide to dig a little deeper into the subject and what I read makes me think: "wow, this looks great! This is the first time I've seen such a concept."

so I decide to give it a try!
In order to be efficient, I start by reading the Ferrum Network white paper to know everything about the project and its different products.
Here is the second "wow", I owned a bit of FRM, but I was not familiar with the project and I was far from knowing that they already had functional products, useful in everyday life for thousands of people and using state-of-the-art technologies.

so after all that, I go to bitmax (that day the FRM price was lower there than on idex, eterbase or binanceDex) to buy the FRMs I needed to reach the required 5000.

So I start doing some retweeting, some tweets and after 2 weeks, the first work drop arrives:

for a first work drop, I figured it wasn't much, but it would probably get better with time.
So for 2 weeks, I continued the same way, a few retweet and a few tweet to glean a few points.
second work drop:

Well, I had to make up my mind: it wasn't great!
I had to change my ways.
in addition to my activity on twitter, I started to do some translations in French.
two weeks later, third work drop:

that was already better, I was on the right track!
but in my mind it wasn't enough yet, I had to diversify my activities.
So I started writing my first articles, as I was just starting out, they weren't of great quality, but it was already paying off.
fourth work drop:

it motivated me a lot, my stubbornness was starting to pay off.
so I tried to improve the quality of my work.
I tried to make them more attractive and instructive.
two weeks later I was looking forward to the fifth work drop:

It was always getting better and better! And since the FRM rate continues to rise steadily, my dollar gains are also greater.
and at that moment, something very important happened: the rules of social mining changed!
since I joined the community, the value of our work drops depended on the number of tokens we had, the total number of points we had earned since the beginning, our reputation, plus other factors you can find if you read the gitbook I mentioned above.
So if we were there from the beginning, it was possible to do nothing more and get a passive income every two weeks.
it wasn't very fair to the newbies who were doing a good job and earning almost nothing in return.
What has changed with the platform update is that an essential index has been added; the two-week work index! (the period between two work drops)
With this new index taken into account, things become much fairer towards the new social miners who can directly earn good rewards.
and to avoid cronyism (people who only vote among themselves out of selfishness and greed), community tasks have appeared.
these have the merit of awarding the same number of points and the same reputation to each participant.
result of the sixth work drop after these changes:

The moral of the story: hard work always pays off in the end!

in just 2 months, I already have a return on investment of 25 to 30%, which would give me an annual return of more than 180% if it goes on like this!
And don't forget that I started late, those who have been there since the beginning are already at more than 60% ROI!
This is the recap of all this:

if like me you find this concept interesting and want to join the Ferrum Network community of social minors, you can do so here.

With a little work and a good knowledge of Ferrum Network's products, you will be able to earn a nice complementary income every 2 weeks.
I remind you that since the update of the social mining platform, it is no longer penalizing to join the program late.
The miners providing the best work will be the best paid!

thank you for reading me, I remain at your disposal to answer all your questions.