NEW CRYPTOCURRENCY: A GUIDE TO CRYPTO FOR CREATORS

WHAT IS CRYPTO?

Crypto is short for cryptocurrency and its popularity has increased massively over the years. But, what is crypto? It is a digital asset designed as a medium of exchange where coin ownership is recorded and secured. The currency uses cryptography to regulate how they are created, traded, and how secured the tokens are.

CREATING YOUR OWN NEW CRYPTOCURRENCY

There are many different crypto platforms. Some platforms are only for trading the currency and others are for making your own cryptocurrency. One of these platforms is Rally, which is a crypto platform for creators. These creators vary from streamers, artists, musicians, gamers, celebrities, athletes, or content creators. A creator can be content or website-based which means they can be a creator for social media or a creator for websites. Creators can also reward and engage with their fans through the platform.

WHAT ARE THE BENEFITS OF RALLY

The customized coins unlock an online economy surrounding the creator’s community by using new methods of platform monetization. This creates engagement within the community because fans will spend the creator’s unique coins to get exclusive access to things such as content, events, and merchandise. When the creator’s coin economy gets more engagement than usual, creators and their communities will earn weekly network community rewards. The coins can be traded in for $RLY tokens by the creator. $RLY tokens belong to the Rally platform and can unlock benefits for the communities. The creator can trade these tokens to redeem rewards or to be set into US Dollars.

HOW TO BECOME A CREATOR ON RALLY AND USE YOUR NEW CRYPTOCURRENCY

In order to become a creator on Rally, you have to fill out a form, which applies you for the creation of your own creator coin. The form will have questions regarding your content, platform, community benefits, and relevant content links. The platform only accepts a limited number of creators each month. Rally states that the platform is looking for “creators with engaged communities, who produce consistent content, and have strong ideas about integrating their coin into their communities”.

TAKEAWAYS

Cryptocurrencies’ popularity has increased so much in the last decade, that even the biggest global companies try to buy them. Rally gives creators the opportunity to create their own online coins to help them interact and grow their fan community. Even though being able to make your own cryptocurrency sounds amazing, only you can decide if creating an account on Rally is something worthwhile to do for you as a creator and for your community.

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Anna Colibri

Anna Colibri

I work to make the web a more beautiful, accessible, and functional place. I use dreams as a form of planning. And I play because it’s fun.