What are tokens, how to convert them into real money and receive payment

Tokens are widely used in various fields, but in the world of finance they are used to refer to a “substitute for money.” This definition is perfect to explain what digital tokens are. The Bitcoin system and other cryptocurrencies use such electronic tokens to implement three types of tasks: lending, selling shares and monetizing an additional service for network users.

Types of digital tokens

The original Bitcoin protocol does not support the ability to issue securities or provide any related services. However, owners of forks, new types of cryptocurrency based on Bitcoin, can freely use the tokens. They perform the functions of an internal payment unit or shares. This marketing move fits into the concept of a decentralized business model and allows for flexibility in solving many financial issues. For some types of cryptocurrencies, the sale of tokens is one of the main types of monetization and the only way to earn income from providing services for maintaining the free Bitcoin blockchain network. Electronic tokens can be purchased or received - it all depends on their functions.

What percentage does the site pay?

The second most common question is how much does a site pay a webcam model? There is no single standard here, each site pays a different percentage and it can range from 30 to 70%, and many, especially novice models, judge that the higher this percentage, the better, but this is far from true, and rather the opposite, but what To understand this, let’s dive a little into the history of the webcam business.

At the dawn of the first webcam sites, the income ratio was as follows: 33% is retained by the site itself, of which the main amount is spent on maintaining video servers, bank billing of visitors’ credit cards, maintenance and payment of taxes, and as a result, the site’s net profit is no more than 10- 15%.

33% - paid to partner sites and advertising costs, because visitors (members) must somehow appear on the site and they won’t just appear out of nowhere and on their own, so you have to contact webmasters (owners of other sites) to They sent some of their visitors to webcam chat. Some sites even have an affiliate program for models; if, for example, a model brings a new visitor to a work site, then she will also receive not 33%, but all 66-70% that the visitor spends on her, and 33% of the money, which this visitor will spend on other models. This is very often taken advantage of by unscrupulous models who work simultaneously on several sites and lure members from one site to another, thus trying to earn extra money. But on all webcam sites, advertising of other webcam sites is strictly prohibited; such actions are quickly detected by the administrator and lead to the model being banned and blacklisted.

Therefore, when we talk about an affiliate program for models, it means that the model will attract visitors to the site from social networks, forums, other sites, etc. except for the webcam sites themselves.

And the remaining 33% is money that is paid directly to the model studio. Some sites indicate full statistics (the cost of a minute for a member and how much will be paid), some sites indicate only how much will be paid - so this also causes confusion.

Then new Webcam sites began to appear, but they needed to somehow attract web models, and here the problem arose that without models it is pointless to attract traffic (members) to the site, and without good traffic you cannot attract models. Therefore, they began to offer to pay a higher percentage than the majority paid. And this is where savings occurred due to advertising and affiliate contributions, and this directly affected the model’s earnings in a far from positive direction. Only a few today (such as Chaturbate, Myfreecams), which have a large network of advertising platforms, can afford to have high-quality traffic on the site and pay web models 50% or more. But in most cases, with this formula, the quality of traffic (members on the site) deteriorates, which affects profits.

Application tokens

They are used to pay for internal network services of the project. Tokens can provide access to expanded functionality, additional capabilities for building and configuring applications in a distributed file storage network. Do not confuse application tokens (Appcoins) and the cryptocurrency itself. For example, on the Steemit network, digital tokens can be obtained by publishing content, popularizing a project, or creating other values. In this business model, free appcoins act as a referral reward. Bitcoin, Sia or Ethereum tokens can only be earned by mining. Electronic tokens in many virtual payment systems appear on the blockchain, which means they can be freely bought, sold or exchanged for another cryptocurrency on the exchange. Their circulation is regulated by the main protocol, but not as strictly as in the case of coins.

How to make money on Bongacams

Before you start working, you must register . Provide personal information: first name, last name, patronymic, date of birth, place of residence, email address and provide a photo of an identity document. There is no need to be afraid of this, since each webcam site is reliably protected, and the administrators adhere to the privacy policy.

Next, the questionnaire is sent for verification. This takes from an hour to one day. After confirmation, the “start broadcast” button will be available. But that's not all. You need to write to support and inform them that you are ready to go through identification. You will be asked to go live, the administrator will connect and invite you to private. There you have to show your face. No one except the admin will see it. The manager just needs to make sure that you will be the one doing the work. Once identified, you become a full-fledged model on Bongacams .

But before starting the broadcast, it is recommended to go to the settings and customize the program for yourself. For example, there are chatbots that make the model’s work easier. Once everything is set up, you can start making money. Try combining broadcasting with correspondence. This way you can earn more.

For men

It’s not hard to guess that it’s mostly girls who make money on webcams. However, there is a place for men here too. I want to warn you right away that you will have to use maximum creativity. At first, nothing may work out at all. But if a man takes into account all the mistakes and follows the recommendations, he will be able to earn more than female models.

Basically the work is no different. The usual pleasant communication in a free chat. If necessary, demonstration of an erotic show in private. It’s easier for men in the sense that they are not shy and are ready to undress on camera.

For girls

Bong girls are in high demand. This means that there is a real opportunity to make good money. But the site is highly competitive. Hundreds of girls fight for the attention of viewers every day. To become successful, you need to come up with your own feature that would distinguish you from other models. Some can be borrowed from competitors. However, do not copy everything, otherwise your uniqueness will lose significance. In any case, only with a responsible approach to work and regular broadcasts will you be able to earn big money on Bong.

Param

Couples are also allowed to earn money on BongaCams. However, there is even less interest in them than in boys. But don’t be upset if you and your significant other launched your first show, but it didn’t take off. The path to success lies through long and hard work. I know some couples who blew up the site in terms of views and even won competitions. It's all about creativity. The more interesting and unusual the presentation, the more spectators will come to the room.

Working as a couple will not only strengthen your relationship with your partner, but will also help you earn money. Try to come up with new images and act out scenes. Show the audience that you are interesting individuals who are ready to take on different adventures. They love this on BongaCams.

Credit tokens

Another function of such a payment unit is investing fiat funds in a cryptocurrency project with high liquidity rates. For example, users can buy Steem Dollar (SD) credit tokens and receive 10% interest per annum on the loan amount. The Steemit network accepts payments from users in its own cryptocurrency and in regular money, but pays interest in SD. In fact, the project owners do not spend their own money, providing income to investors, but receive funds for the development of the network. Users also do not risk anything if liquid digital assets are easy to sell on the exchange. In the business model of cryptocurrencies such as Steemit, tokens play a very important role. Therefore, they are issued in two types at once: 10% per annum and 100% (such tokens cannot be sold for 2 years).

Let's start with tokens. How much does it cost?

A token is a universal conventional unit (currency) that is used when working on the Internet, including on webcam sites, and has different meanings on each site, which is why confusion often arises. Today there are three types of earnings accrual. The first type is the most popular currency - the American dollar, payments are made in it on such popular sites as Stremate, Livjasmin, Kamkontakt, Amliv, etc.

In second place in popularity are tokens. They are used on sites such as Chaturbate, Myfrikams, Bongocams, StripChat, Secretfriends, etc. But on different webcam sites they have different equivalents to the American dollar. The most common ratio is 1 USD = 20 tokens (Chaturbate, Stripchat, Bongocams, Myfreecams). But other ratios are also possible, for example, on the Secretfriends website - 1 dollar = 2 tokens, so before starting work, the model must clarify this point in the instructions for the working site or in the web model support service.

How much do models get paid?

Models also do not receive the entire amount, because... the creators of this site made it for the purpose of earning money and they have their own percentage of each account replenishment, everything is very simple. So how much do they get paid? Let’s assume that 1 token for the model costs 7 rubles (3 rubles were taken by the site’s creators), you can easily earn a thousand a day, by simple arithmetic we get 7*1000=7000 rubles.

Seven thousand rubles a day is a very good income, but you need to earn money this way by showing off your body - it’s not a job for everyone.

Back Next

What is the most profitable webcam site then?

This is a very interesting question, as such a site does not exist. Each webcam model has her own main website, which brings her the main income. And there are additional sites that bring in additional income, and everyone has their own. But the main one is always an online site, and the additional ones are offline sites. Good models have approximately the following ratio: 70 percent of the income comes from the main site and 30 percent from additional ones. So how do you know which site to choose from such a huge selection? You just need to sit on it and work for a certain time, and you need to work not for a day or two, but at least for several working periods, and then make a choice in favor of one site or another.

The model should determine the most profitable site for itself using the formula: Time spent chatting/money earned.

And the higher this ratio, the more profitable the site is for the model. And very often it turns out that sites that pay only 30% are ultimately more profitable for the model in their earnings than those that pay a higher percentage.

4.6 / 5 ( 42 voices)

How to withdraw money from Bongacams

Withdrawal to Bongacams is simple and affordable. You can withdraw funds in any convenient way. Available:

• electronic wallets: Yandex.Money, WebMoney, Qiwi and others;
• bank card;
• cryptocurrency.

The minimum withdrawal is $50. Transfers are made on Fridays. If you withdraw at least $200 in six months, you will be able to withdraw at will at any time of the day and on any day.

Where to buy, sell and store QI

The token is most actively traded in various pairs on the Pangolin decentralized exchange - this is a platform that allows you to exchange tokens of the Avalanche and Ethereum blockchains. In addition, the token can be found on the following centralized exchanges and DEXs:

• Binance
• KuCoin
• Trader Joe's
• Baguette

You can store QI in any web3 wallets that support the Avalanche blockchain or provide the ability to add it: MathWallet, Metamask, Trust Wallet.

Lovens toys to increase earnings

Online modeling is a job for adults that requires a professional approach. The competition is high, and it is quite difficult to attract many viewers. It's even harder to get them to send a lot of gifts. There is one trick, you can buy vibrators connected to the chat:

These are not simple toys, but modern gadgets that can be controlled via Bluetooth. Buy only on the official website of the manufacturer Lovense. You will not find lower prices; fakes are often distributed. The Lush vibrating egg is the most popular among female models.

Read a detailed article about the Lovense Lush vibrator, where you will also find step-by-step instructions for connecting it.

Firstly, such toys help to organize interesting shows. Secondly, they motivate viewers to tip more often. They want to see the model’s response to vibration, and in the Lovense settings they can set how many tokens a particular mode (power and duration) will cost:

Every experienced web model has such toys. According to reviews, they increase income by at least 30%. They cost about $100, they arrive in a black, opaque box by mail (about 2-3 weeks). Right during the broadcasts, the girls present the price list for vibration activation:

Additionally, you can specify prices for certain actions in the chat topic or even offer remote access to the device. Links are generated in the settings so that within a few minutes another user can control the toy from a distance. For such a service you need to ask a decent amount.

general information

BENQI protocol capabilities

Investors can leverage their unused cryptocurrency to generate profits that are adjusted algorithmically based on market conditions. Each of the assets supported by the platform has its own supply/demand market with its own annual interest rate.

When a user deposits his cryptocurrency into the pool, he receives in return QiTokens, which entitle him to receive a share of the profits (for example, USDT - QiUSDT). This is a standard design for most DeFi protocols and has proven itself well.

Before any actions with the protocol, you will need to connect through a wallet, for example, Metamask. But for this, the wallet must support the Avalanche network. When you first connect using Metamask, the system will ask if you need to switch to the Avalanche blockchain. Confirm this action. After this, you will immediately be taken to the DeFi platform interface.

Deposit and withdrawal of funds

Depositing funds in Benqi
To deposit assets, you need to:

• On the right, select the Markets tab, then Supply.
• From the drop-down list, select the asset you are going to deposit.
• Enter the amount, then click Deposit, or Approve & Deposit (for QI tokens).
• Confirm the transaction in your wallet.

As soon as the cryptocurrency is in the pool, it immediately begins to generate income. QiTokens will be deposited into the wallet in an amount corresponding to the deposited asset. At any time, here on the Supply page, you can withdraw an asset from the pool in whole or in part. Two conditions: funds at this moment should not be used in loans, and their withdrawal should not provoke the liquidation of loan positions.

Borrowing

With BENQI, a user can borrow some cryptocurrency assets while using others as collateral. This allows you to get the coins you need to use for trading or other purposes without selling your tokens.

To borrow, the participant must provide collateral. At the same time, do not forget to activate the switch, which will let the protocol understand that it is a deposit that is being made, and not a simple deposit.

Posting collateral with Benqi

For each individual asset, the collateral/loan ratio varies - this affects the maximum amount that can be borrowed in a given situation. If necessary, you can withdraw funds on the Borrow tab by specifying the amount and clicking the Repay button.

"Health" provision

Health is a concept denoting the degree of health of the security deposit. The higher this indicator, the lower the risk of automatic liquidation of the position. The position is liquidated if health drops below 1. The parameter is dynamic, it depends on the market situation and the value of the collateral assets.

Thus, liquidation may occur when the loan increases relative to the collateral (for example, when the market value of the collateral falls). Upon liquidation, the debt is automatically extinguished, and its value + liquidation fee is withdrawn from the existing collateral.

The protocol uses the following factors and coefficients:

• Collateral Factor. The maximum loan you can get with the existing collateral. For example, if the parameter is 40%, then by depositing $100 in AVAX tokens, you can only receive $40 in other tokens.
• Reserve Factor. The portion of the borrower's interest that accrues according to the protocol and can be withdrawn through management. For example, if the Reserve Factor is 20%, then 20% of the interest paid on the asset is allocated to the protocol.
• Close Factor. The maximum amount that can be liquidated in one transaction. May be, for example, 50%.
• Liquidation Incentive. An incentive for liquidators to maintain the solvency of the protocol and carry out liquidations. For example, a 10% incentive means that liquidators receive 10% of the collateral for each transaction.

Indicators for various assets supported by the protocol:

Benqi Protocol Parameters

Where to participate in closed sales

In order to be among the first to buy pre-issued tokens, you need to constantly monitor information resources in order to receive information about where this can actually be done and under what conditions. The easiest way is to google it, or read it on specialized forums. Another option is to find out news directly from exchanges that practice the mechanism and have proven their productive work more than once. This is also a good development aspect for the trading platform, since the exchange receives the following advantages:

• the administration receives part of the tokens in the issue;
• payment for listing comes in;
• creates new exclusive pairs to attract new traders.

I will specifically focus on token sales that are held on the Latoken exchange. This site offers to take part in a pre-sale, but there are many reviews online that pre-checks are not treated very well - scams are increasingly taking place. Participation is available to those who have completed the KYC procedure, and many comments indicate that this is quite difficult to do.

Binance

Directly on the website (in the “Support” section), information about the opening of new closed subscriptions appears regularly. Each ad contains the following valuable information:

• clarification of the time of the event;
• data on how the emission will be distributed - the minimum and maximum volume for purchase;
• total emissions;
• format - subscription, direct purchase at a specified time;
• what currencies can be purchased for;
• residents of which countries can participate;
• time of crediting to the account;
• "freezing" period.

Traditionally, for this site, token sales occur thanks to the internal BNB token that acts as a pair for purchase. Over the current year, more than 20 initial pre-sales have been held.

Here you can also purchase the Chia cryptocurrency, the principle of operation of which is described on www.gq-blog.com and the project organizers did not use fundraising through pre-sale.

Coinlist

This platform is considered one of the most reliable in this direction, and in addition, it attracts the attention of users by the fact that an increasing number of current offers appear on it. This often happens in the ICO format. Current offers are available to registered users who have previously verified their identity.

The management of the platform states that it approaches the list of coins for token sales selectively and efficiently. The information provided for each project contains the following data:

• for investors from which countries the service is not available;
• initial and upper purchase limit;
• price;
• which currencies can be purchased in (note that many cryptocurrencies are transferred to an ETH wallet with a fairly significant commission).

There is information that a token sale for a company that withdraws its assets in this way costs 20 thousand dollars, plus the platform itself receives a commission for each investor.

A model’s work schedule is what income depends on

Hardworking and sociable models get normal money. They spend several hours chatting every day. You need to live online, make friends, gain subscribers.

When you spend a lot of time, you can promote your profile faster, and also earn more money, because at any moment you can receive an invitation to a private conversation or someone decides to throw a tidy sum in the form of a tip.

The schedule must be added to the model account. It helps fans know when to catch their favorite model online. Web models themselves also benefit from having a plan in advance. This makes it easier to force yourself to “go out” to work. When creating your schedule, consider the time zone of your target audience.

QI Token + Farming on Binance Launchpool

The BENQI token (QI) is the project’s own asset, hosted on the Avalanche blockchain. Supports the entire ecosystem, including its current and future components. Can be used as collateral for loans or an underlying asset to generate passive income.

An important role of QI is management. Holders can vote on and introduce proposals to improve the protocol. Over time, management will completely transfer to the DAO (decentralized autonomous organization). Most of the tokens are planned to be distributed through a liquidity mining mechanism.

From November 16 to December 15, 2022, Binance users will receive QI tokens as rewards for staking AVAX, BNB, and BUSD through the Binance Launchpool.

A total of 22,000,000 QI will be distributed (8.76% of the total supply). Of them:

• BNB Pool – 70% (15,400,000 QI)
• AVAX pool – 20% (4,400,000 QI)
• BUSD pool – 10% (2,000,000 QI)

QI token release schedule:

QI token release schedule