Hi everyone!

If you want to get in the "crypto faucet train", no doubt Coinpot is a central place you need visit. The relatively new Coinpot VIP Reward program offers great incentives to keep returning to the website, claim your faucets and enjoy many other features. Is that reward program worth it? And what would it even take to make it pass the Standard level? I got to the Bronze level at the beginning of October, let me tell you what I think about it. 

Coinpot VIP Reward Program

To begin with the basics, at the bottom of the ladder the Standard level offers you a small daily 0.02% interest on your Coinpot Token (CT) balance, provided you have at least 5,000 CTs. In addition, each claim from one of the 7 faucets (Bitcoin Core, Bitcoin Cash, Litecoin, Dogecoin, Dash, BitFun and BonusBitcoin) grants you 3 CTs.

At the other end of the reward pyramid, the Diamond level compensates you with an impressive daily 0.12% interest on your CT balance, 6 CTs per faucet claim, and 250 free lottery tickets and 5 bonus stars (counting towards the monthly leaderboard) per day. You will however need to keep a loaded balance of at least 5,000,000 CTs to enjoy this reward level.

According to the statistics available on the Coinpot Stats page at time of writing, there are over 3,000,000 users maintaining an account at level Standard and above. However more than 99.6% of these users only have a Standard level account. The other 0.4 % are spread over the next 5 levels with only an elite 0.01% of the users having a Diamond account. Even at the Bronze level, I'm actually part of a tiny minority of users.

I started from scratch about a month and a half ago with a brand new Coinpot account, claiming diligently my faucets several times a day. At first, I though the 100,000 CTs barre was high and I was not going for that anyway. I even cashed out ~50k Satoshi to test the withdraw process, draining some CTs and converting the other crypto to Bitcoin Core in the process. But after several weeks of CTs bonus accumulation through the Coinpot Multiplier, 100,000 CTs didn’t seem that big after all. In retrospect, I even think you can go from 0 to 100,000 much faster than I did, as fast as a week probably.

Standard to Bronze - The Most Impactful Transition

Moving from Standard to Bronze reward level is the biggest passive bonus boost, percentage wise, a Coinpot account can get. The daily % interest doubles from 0.02% to 0.04%. The bonus CT per faucet claim increases by 33% going from 3 CTs to 4 CTs . By comparison, climbing the next reward levels leads to higher, but diminishing, returns. Take a look at the table below, leveling up from Standard to Bronze is when you benefit the most.

33% more CT per faucet claims will compound even more as the daily interests have doubled from Standard to Bronze. Pushing for Bronze, or maybe simply holding off on withdrawing some cryptos, is a move that will pay for itself very quickly.

Reaching 100,000 Coinpot Tokens

Reaching 100,000 CTs from scratch and without any deposit can be done much faster than you may think. To get there, I made sure I was claiming at least 100 faucets per day, which added 3 CTs per claim, 100 bonus CTs for the Daily faucet claim challenge, and 600 bonus CTs from the Monthly faucet claim challenge. At the end of the month, this meant about 10,000 CTs.

Playing the Multiplier is, arguably, a safe way to grind ~1,500 CTs every day. At the end of the month, that will amount to nearly 45,000 CTs, about half of what you need to get to the Bronze level. I shared my opinion on the Multiplier here, and I will publish the data on my one month tracking experiment very soon. Spoiler alert: it went rather well and helped my bankroll steadily grow in September and putting me at Bronze level reach.

To finish it off, I did a few Wannads surveys. My personal preference goes to Yuno Surveys. Unlike surveys from Cointiply, Wannads surveys via Coinpot faucets can take a few tries to qualify, and you are not rewarded for trying. However the pay rate is rather good in my opinion and you directly get Satoshi, not some kind of coins. Getting 4,000 Satoshi for a 15 minutes survey can be converted to ~5,000 CTs. By doing a few of these surveys I was able to convert some Satoshi to the 20-30k CTs I needed to reach 100,000 CTs and the Bronze level. If you want to push the gas pedal on these surveys, you should be able to earn the Satoshi equivalent of 100,000 CTs in less than a week, thus reaching Bronze level in no time.

Next?

Bronze level feels comfortable at the moment but that may change sooner rather than later. If I had to climb higher it would be Gold level or nothing, I would want to both increase my daily interest and my faucet claim bonus rates. I would not feel like stopping in the middle at the Silver level.

Gold level is quite a stretch though, 1,000,000 CTs is no small feat. Since I don't intend to deposit anything on Coinpot I would have to make it organically. Filling out surveys is the only way to get there quickly and I'm seriously considering going for it. Clearly my One Million Satoshi goal was too small and I will pass that mark in the comings weeks. I want to set a much higher goal. And to get to that goal, being Gold reward level feels like a natural progression. Will see...

How many of you guys are climbing the Cointpot reward ladder? Let me know your thoughts in the comment section below!

Thank you for reading anyway.

- OMS

Follow me on Twitter - https://twitter.com/MillionSatoshi

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