Candies for everyone!
What are the Rewards?
What do I use Coingecko for?
About Coingecko
Candies for everyone!
Hey Humans,
Coingecko is giving out Candies! But not the weird kind from strangers, your parents told you not to accept, when you were litte. These candies are actually worth taking.
We had a look at Coinmarketcap and their Diamonds before. Coingecko has a similar program, that's actually running for quite a while already. Their own rewards structure has launched in June 2020, and has been adding many rewards since then.
How does it work?
Candies are Coingecko's centralized points system. They are not transferable and so far they are not a token or a coin. You can claim some Candy every day, each day you'll get a bigger reward, until you collect 100 Candies. After that, it starts from the beginning again. The main purpose of Candies is to exchange them for Rewards, which are exclusive goodies found only on Coingecko's website.
What are the Rewards?
The rewards are a mix of vouchers, gift cards and Coingecko products, but also NFTs and POAPs. Personally I think something like their How to DeFi book has a lot of value. And as I said before, they are adding to it a lot. You can imagine that you'll have to be fast, once they add something like an Axie Infinity NFT.
Bobby Ong (COO and Co-Founder) mentioned that it's possible that they will create their own ERC-20 token out of it one day. I mean, the Candy system is still in beta and crypto is wild. You never know if collecting those Candies could not actually pay out one day.
What do I use Coingecko for?
Coingecko is usually my go to site, when I just quickly want to get an overview about my Watchlist, as it shows what I want to see, without the distraction to possibly buy or sell.
It's also one of my favorite tools for DYOR (Do Your Own Research ??). When I'm new to a project, I start on their Coingecko page. If there is none, I put the project aside. And if it's there - great! Coingecko offers me the possibility to add their token directly into MetaMask.
Safety Tip:
If you are new to a crypto project, that requires a specific wallet, always go the extra mile to navigate to their website via Coingecko. On the project's website you should be able to find either a direct download or a link to their official wallet providers. There is a lot of fake software and fake wallet apps on the market. This will make sure you won't get scammed, trying to keep your crypto safe.
About Coingecko
Coingecko was founded 2014 by TM Lee (CEO) and Bobby Ong (COO) with the mission to democratize the access of crypto data, providing every user with actionable insights. Today it offers a fundamental analysis about the whole crypto market. Beyond price, market capitalization and trading volume, Coingecko also tracks community growth, open source code development, major events and on-chain metrics, which makes it a great source for independent and neutral market data.
Website: https://www.coingecko.com
Twitter: https://twitter.com/CoinGecko
I hope my article was able to give you some value. As a newcomer in content creation I'm always happy if I can get some feedback. Let me know what you think in the comments & have a great rest of your day!
You can support me by using one of my referral links below. You have my word that I only advertise projects I believe in.
Binance (10% off trading fees)
Cake DeFi (30$ in $DFI after you deposit $50)
Coinbase (10$ in Bitcoin after you buy or sell 100$ worth of crypto)
Publish0x (earn $iFARM and $AMPL for reading articles)
Presearch (Google-Alternative that pays for your searches. Get 25 $PRE for signing up.)
Ledger hardware wallet (I can't offer you a benefit on this one, but this is definitely the safest way to store your coins & token)
You can also follow me on Twitter: @Tjaaark
