The truth about Publish0x.

The truth about Publish0x.

By MadMaxx | Psycho Crypto | 29 Jun 2020


We're all probably wondering what the end game of Publish0x is. Why do they offer us free money? Will it last forever? Will the project be phased out someday? Would our data be stolen and sold to people on the dark web?

I have done some thinking, and I think I have answers.

Here are the questions I'd be answering, based on what I believe to be true about the site.

  • Why is Publish0x giving out free money?
  • Will it last forever?
  • What's the endgame?
  • What's the future of this project?

Ok question one. Why is Publish0x giving out free money?

The answer is simple. In any situation where there's a reward for doing easy tasks, it's either that:

  • You're the product, or
  • You're part of the product.

So which one are we in the grand scheme of Publish0x? I believe we're a little bit of both.

You see, Publish0x aims to be the "authority" when it comes to anything related to cryptocurrency. They want to be the go to for everything. Which is why they allow users from all over the world to post whatever they want, to create a DIVERSIFIED experience for everyone. It's also why there are very strict rules on the site: You can't use two accounts, you can't use the wrong tags in posts, and there can be only one account per internet connection.

It's also why Publish0x has a category separate from the rest of Publish0x, where a select few authors who work with Publish0x exclusively can write articles. That news section is for the site to get into the "Google news" feed, making it possible for anyone who reads Google news to find the site. When they find the site, they'll probably want to sign up to continue getting news articles. Once they sign up, they see that there are other categories that they like, and that they can subscribe to. Then they find out that they can earn money from reading the posts. Easy peasy, lemony squeezy.

 

So will this money giving site last forever?

The founders currently are the ones giving out the money from their pockets, as far as I can tell. However, the actual endgame is that big owners of cryptocurrencies would eventually sponsor their own tips on the site, to not only give more exposure to their projects, but to also increase their market cap. It's a win win for everyone.

For instance, I had never even heard of Loopring until it was added to Publish0x, and now I use the exchange from time to time. The idea is for this place to be like a "Binance launchpad" of some sorts, but for credible projects.

 

What's the endgame?

Well, as far as I can tell, the endgame is to be the biggest name in the crypto space. Many people won't like that it's centralised, but the ease of making money on this platform is unparalleled to any other platform, and the tokens available to be earned are actually very useful.(unlike 1UP. Come at me.)

With over 100,000 users already registered, it seems that the plan is working very, very well.

We've already had two sponsors (Hydro and Loopring), and hopefully more with good projects see the possibility of this site. 

 

What's the future of this project?

I can't say for sure, becaus I don't work with them, but if I was to guess, I'd say the same thing I've said over 5 times in this article: To be the biggest name in the crypto news space.

It's hard to distinguish yourself in this space where everything is trying to replace Bitcoin and Nepal scammers are creating exchanges to scam people of their money, but by giving out money without requiring a deposit, and eventually getting the money given out to be sponsored by others, the site, and the sponsored projects can grow.

I hope you enjoyed this post. And please, if you're an Uptrennd fan, please don't come at me because of that joke. I didn't mean it.🌛

 

Thanks for reading guys. Consider following me for more posts like this, and if you enjoyed the post, please consider leaving a tip, as that would be some motivation in a rather dry life.

Till we meet again!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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