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What is Ethereum, and its usefulness in the crypto space?
In 2013, a teenage Russian-Canadian revealed his vision to recreate the centralized financial and economic space, with the same decentralized blockchain technology as Bitcoin. This time he wasn't focused on currencies alone, but also institutions, organizations, etc.
His core vision wasn't to create another alternative to fiat, but to give the financial leverage and deciding power back to the people, and put the central banks, and corporations on the back burner. This inevitably created a backlash from the same institutions. They had a lot to lose.
Ether (ETH), being the network token, got all the attention it deserved upon launching, and also gave rise to the deployment of smart contracts and decentralized applications, run on the Ethereum blockchain ( See more: Giá ETH hôm nay). This gave a lot of running time, and security control to the 1st person.
When he released the white paper, it got a lot of recognition. This made him win a Thiel Fellowship award, as well as a new partner in the person of developer and co-founder Dr. Gavin Wood. They eventually launched a crowdfunding in 2014, that realized about $18 million.
Eventually launching Ether in 2015, the Ethereum community is currently the largest and best established decentralized network.
Besides running applications on the ethereum network, Ether can be used as a medium of payment or value storage. It can also be traded as other cryptocurrencies.
Smart Contracts, Survey and other ways to earn free Ether in 2021.
Besides being used in the ethereum space, smart contracts have not been accepted by many other blockchains or individuals for exchange, and transaction purposes. It still has a lot of potential though.
First conceived in 1993, the idea of smart contracts have since evolved, and are applied much more than it was, even 5years ago.
A good number of applications make use of the smart contract, and help a lot of individuals grow interest on their Ether investment through different activities, either hands-on, or hands-free. Some of the ways to earn Ether online are;
- Airdrops
Most startup tokens use this as a method of attracting more investors. Free Ether (or any other token) is given as incentive for holding.
- Ether Faucets
Faucets pay you for completing small tasks like watching videos and clicking ads. Payments are made in really small units of the token, and accumulated.
- Gaming
A fun way to earn free crypto, with an array of applications to choose from. Complete missions to earn. Some popular Ether based games are;
- HyperDragons
- Ethermon
- 0xUniverse
- MyCryptoHeroes
- CryptoKitties
- Referral Programs
Another good way of earning some crypto pay. They require more work done, as you have to refer active customers before pay.
- Freelancing
You could monetize your skills and perform freelance jobs for a good pay in Ether. This will require both parties to agree, and most times meet face to face.
- Surveys
This is another easy way to earn Ether, and other crypto online. By completing simple surveys, you can earn micro units of Ether (and other tokens). Just like with the Faucets, you will build your way up to the desired amount before withdrawal. The payments for completing surveys will not necessarily get you wealthy, but you can build up a decent amount of practically free crypto.
Top 3 Best Survey Sites You Can Earn Free Ethereum
Below, we'll be specifically looking at some sites that pay a decent amount, for completing surveys online;
Idle-Empire
- Platform Name: Idle-Empire GPT
- Website: idle-empire.com
- Launched: 2015
- $$: Free
Founded in 2015, this is one of the top survey sites out there that pay in Ethereum. The platform also offers a variety of easy tasks that can be completed for rewards, including games, videos, etc. Users can then redeem their payment through a number of ways.
Over the years, the platform has enhanced methods of earning crypto through surveys and other means. Gradually, it has almost become a haven for gamers looking to buy skins and other in-game purchases without spending their money. The platform started out focusing solely on redeemables for the game; Counter-Strike:Global Offensive.
They received great feedback, and engagement on their platform so they decided to expand their methods of earning free money online, withdrawal methods supported, geographical range of operation i.e. supported countries, and in 2019, partnered with CS: Deals to provide more redeemable gift options.
Even when the platform opened its doors to more possibilities, they only supported about 8 cryptocurrencies, and could only withdraw to a coinbase wallet. As at 2019, they expanded their coverage to over 100 cryptocurrencies and every wallet type /exchange.
They formerly supported Bitskins withdrawals, but the Bitskins platform removed all cryptocurrency funding methods and they had to stop any affiliation as well. But there are other alternatives like CS:Deals, etc.
Along with the update on acceptable crypto wallets, the platform announced that the option of local bank account withdrawals also became available in over 40 countries. Made possible through the services of TransferWise, the customer won't need to open any new account but simply provide details of an existing one.
To make surveys more easily accessible to users, a dedicated survey section was built on the platform, making it easier to find particular surveys from providers (currently up to six);
- Your Surveys
- Speak Up
- Jungle Survey
- TheoremReach
- Pollfish
- Survey Time
Idle-Empire.com has a near excellent rating (4.8) on the Trustpilot review site.
Pros
-Globally accessible to anyone. Some withdrawal methods require a minimum age, eg. PayPal.
-Minimum withdrawal amount is low.
-A vast array of offers to earn with.
-A variety of withdrawal methods/currencies.
Cons
-Earnings on offers are relatively very low. Some people see it as a waste.
Earncrypto
- Platform Name: Earncrypto
- Website: Earncrypto.com
- Launched: 2016
- $$: Free
The platform, Earncrypto.com, was birthed late in 2016. For this reason, all their social accounts opened 2017.
Just like every other earning platform out there, you make a little, free money for partaking in a number of tasks, and surveys at your pace.
The website is open to anyone who has the resources for creating an account (Laptop and Internet). For now, the website can only be accessed through a P.C, because apps for android and iOS are still under development. Even the official site is still being constructed, and therefore missing some vital information for users, but apparently, many people have been paid already, and there are some who claim to have had issues with faulty payments, calling it a scam.
Their social media accounts on Twitter and reddit offer some helpful information to prospective users, and remain active. However, the lack of information on the official site, coupled with an abundance of negative reviews turn users away, although not every experience is identical.
Your crypto rewards for completing tasks and offers are redeemable to your personal wallet, and in any currency of choice (over 100 to select from). This attracts more users because not many platforms for earning free cryptocurrency offer a wide range of currencies to choose from.
Out of all the available tasks to complete on the platform, the most rewarding should be downloading applications and completing the in-app tasks. The time spent on these tasks are relatively higher, and therefore so are the reward points.
Each point earned on the website for completing tasks is equivalent to 0.0000009 BTC. Not so bad, but withdrawals will cost you a few points. This fee is reduced when your PayPal is linked to your profile, but not by a great margin.
The security regulations on the site are also set up in such a way that one IP address or device can only access one account at a time. The advert placements also follow the same protocol.
Pros
-You can earn cryptocurrency for free.
-The platform has a lot of loyal users.
-A variety of currencies and payout methods to choose from.
Cons
-The free crypto earnings are quite low, although free.
-The website interface is relatively below par.
Lustro
- Platform Name: Lustro
- Website: lustro.io
- Launched: 2018
- $$: Free
This decentralized application was launched in 2018, specifically for rewarding users after completing surveys. It was built on Ether, and also rewards with other ERC20 tokens when surveys are successfully completed.
The platform makes use of the specialized Ethereum smart contracts to make payments to users. In that case, payouts to anyone performing the surveys are relatively more efficient, gives more returns, and are also devoid of hidden charges and terms.
As an eligible user, you get to withdraw your earnings in Ethereum, which isn't offered by very many online survey sites for earning free crypto. But then again, that's almost as far as they go. Other ERC20 tokens are available, but they don't offer hundreds of options like their counterparts.
Even though that's the case, they still provide an easy way to earn, for anyone looking to grow their crypto holdings or get the hang of it, without risking their own funds. Everyone starts with nothing and builds up gradually till they are able to withdraw.
On the Lustro platform, they also claim to maintain a high level of security and transparency when dealing with users and their funds.
The Ethereum blockchain is designed in such a way (like almost every other blockchain) that transactions stay unchangeable and transparent, and so is the smart contract.
Since this is the case, users have some assured level of confidence that they will get what is shown on their dashboard as incentives for a job well done.
After completing the minimum number of surveys and the user wants to withdraw, they have the option of doing so straight to their personal wallet. According to the company policies, they are never in control of your earnings at any point, everything is in the hands of the user.
Although all these guarantees are made on the website, the question of legitimacy still remains, especially for many new users looking for ways to earn free Ethereum online through surveys and other tasks.
The reason for this is that there is barely any review on the website. After a long and thorough search, the amount of reviews you will come across is not in any way encouraging.
Also, the site has a few blank pages like the privacy policy, and not very much is written about them. It's not very different from the Earncrypto.com site in terms of incompleteness and looking sketchy.
This article on Lustro was written based on a few collected experiences from users, but not personal experiences.
Pros
-Just like with Idle-Empire and Earncrypto, you can earn crypto here for free.
-The platform is easy to navigate.
-Payments can be made straight to the user's wallet without Faucets.
Cons
-Although free, the crypto earnings per task are low.
-The website interface is eye-catching, but doesn't offer much tangible information for users.
Conclusion
There are a ton of ways to earn free Ethereum, and other cryptocurrencies online. Most of them would require a couple tasks to be completed by the end user; watching videos, clicking ads, taking surveys or even downloading and running applications. There are a lot of legitimate platforms, as well as scam sites that just collect and sell out user data, so if you're going to try out anyone be sure to do your own research, and bear in mind that experiences could vary.
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