PublishOx is a “crypto powered blogging platform” which enable its users to create multiple blogs on one platform. Rather than creating multiple websites, bloggers can now express their views on a single platform. The platform is currently in beta and during this phase you must submit an application before becoming an authorized publisher. The process is quick and simple. I was able to start blogging in less than a day.
How To Get Paid
The platform’s incentive model for rewarding user engagement is unique. They provide readers with free tips from their reward pool and readers determine how much to allocate to the author and themselves. The most a reader can keep is 80% and the most they can give is 100%. This means the author will pocket 20–100% of the total tip amount.
The tips are paid out in the following tokens:
- BouttyOx
- Project Hydro
- Dai Stable Coin
- Basic Attention Token
The platform is designed to be token agnostic with future plans of supporting a diverse basket of tokens. Below you can see my current earnings for reading and posting over the course of 2 days.
Enticing Engagement
This reward model is a respectable attempt at increasing user engagement in the PublishOx ecosystem. Often times users will consume content without leaving feedback. By incentivizing user participation we can collectively curate the content generated by authors. Also, in theory good authors will be rewarded in proportion to the value they add and the quality of the content they produce.
Despite its potential, the platform will inevitably face challenges. Below I attempt to summarize the benefits and downsides of using the new platform.
Closing Thoughts
Time and hard work will help remedy all their growth related obstacles. Despite my optimism for the platform, PublishOx has an arduous road ahead. They have fierce competition from crypto-based platforms such as Steemit, Rize, Dtube, Mithril, Rize, YouNow, Props, and many others. In addition, crypto is yet to achieve mainstream adoption. However, adversity also creates opportunity for the platform to gain market share from the modern media giants. The monetization models in the crypto sphere are more inclusive and democratized. Thus, users can extract more monetary value from media platforms. Moreover, the abundance of competition will ultimately benefit the users. To compete and survive these platforms will be forced to improve user experience and offer more robust incentives to retain and expand their user market share.
So why not give PublishOx a shot? You get paid to fill your head with knowledge and writers get compensated for their work. Sounds like a win win to me . Click HERE to get your share of the pie.