The Future of Monetizing Content is Here
Coil is the next-generation platform for digital content monetization. If you’re a content creator looking to add an additional stream of revenue or expand your audience, then Coil might just be the solution you’ve been searching for.
What is Coil?
Here at IllestTech, we’re big fans of cryptocurrency and blockchain-based applications due to the innovations they make in all sorts of spaces.
Coil is another blockchain-backed network, that allows its users to reward creators for time spent watching their creations on the Coil platform. Where Coil diverges from other blockchain-based solutions discussed on this page is its membership buy-in fee. Coil members pay a $5 membership fee to view regular and premium content affiliated with Coil. This fee is then redistributed among Coil content creators based on the time members spent viewing their content. Coil content creators do not have to pay this $5 membership fee to have their content affiliated with Coil.
So how can creators start monetizing with Coil?
How To Get Started With Coil
Getting started with Coil is easy (we’ve tried it out ourselves and it takes less than 5 minutes! ILLESTTECH is officially affiliated with Coil), so there’s really no harm in trying.
To get started, follow the link for Coil creators, and setup your creator account.
Once you’ve done that, go to the “Apps” section of the Coil settings dashboard and authorize one of the many payment options. Use the one that is easiest to you, but we suggest the XRP Tip Bot application, which will also allow you to gain rewards in a cryptocurrency called XRP (which can be exchanged to USD or any other FIAT or Cryptocurrency in 3-5 seconds) for your Reddit, Twitter, and Discord comments. This will make sure you get paid and provide you with a payment pointer, which you will use to configure Coil to your website, Twitch, etc.
The next step would be to go to the “Monetize Content” section of the dashboard and add the available monetization channels. To maximize your earnings, make sure you configure your XRP Tip Bot settings as well, so that you can be paid for your Reddit, Twitter, and Discord posts.
How Can I Cash Out?
XRP Tip Bot will connect you with an Uphold account, which is a digital bank/wallet that can not only hold a variety of cryptocurrencies and FIAT currencies, but can also exchange your currencies for one another with the click of a button.
Uphold can then transfer these currencies to your bank account if you prefer to have your money in that account instead of a crypto investment account. If you don’t have a bank account to spend the money, you can even apply to get an Uphold debit card, which you can use to spend your digital currency in-person, just like a normal credit or debit card.
Will You Continue with Coil?
You may or may not have read, but IllestTech is actually a Coil-backed website itself. That means Coil users who browse our content with the extension enable us to monetize our content for the time users spend on our page. So thanks for helping keep our website alive if you are a Coil member.
If you’re a video game content creator, then try it out for yourself, and see if it ends up adding to your passive streams of income. There’s really no harm in trying, and the cryptocurrency space is emerging with new technologies that may pique one of your interests. Interested gamers might benefit from checking out ILLESTTECH’s affiliated podcast, the Super XRP Bros., where cryptocurrency and XRP is discussed in a setting and vibe familiar to gamers.
Let us know in the comments what you think of Coil, XRP, and if its helped you as a video game content creator monetize your art, stream, or other creative forms.