Can you make money online with the Coin app?

 Can you make money online with the Coin app?

If you have ever heard of geomining, you have definitely heard about the Coin app. It was launched back in 2019, and has more than a million users today. The Coin app allows you to earn digital assets that are worth money, you earn these assets by doing things you would already do in your everyday life, such as running, driving and commuting. 

For those who don't know what geomining is, let me tell you short and quick. Geomining is extracting geographical data in the physical space, and then giving your location a value. You can do exactly this through the coin app on the XYO network. But let us talk about what the Coin app actually is.

What is the Coin app? 

Coin is an app you can download from the apple store or the google play store, in the Coin app you can geomine and earn rewards for selling your valuable geo data. All you need to use the app to run and earn these digital assets are an internet connection and a GPS on your phone. Moreover the Coin app doesn't use a lot of your phone's data, so you can use it without capping your daily data limit. 

Why use the Coin app?

The main reason people download and use the Coin app is the possible money you can make from using it. In short you mine in-app currency, which can later be exchanged with digital or physical things, such as currencies or speakers. And no they dont give you all these things for free, they buy the data that you provide them with, and in return you earn rewards. 

The Coin app has partnered up with XYO foundation, to prove that the user currently using the Coin app is existing and is actually at their claimed location. Due to this partnership, the coin app avoids spoofing, and prevents people from faking their location, in order to earn more in-app currency. Moreover the XYO foundation makes sure that its easy and safe to use the app. 

How do you use the Coin app?

You just go to either the google play store or apple store and install the app. After installation the app shows you exactly what to do, and you go through an introduction to most of the functions the app has. Then when you’re through the introduction to the app, there is a big pickaxe at the bottom of the app. When you click this pickaxe, you confirm your location, and mine some of the in-app currency. There is also an auto mining mode, for when you're driving or walking, the Coin app will then automatically mine the fields you drive or walk through, if the app is open. The amount you farm is different every time, and if you're lucky, sometimes the amount you’re mining is huge. Moreover, according to Coin, if you have a XYO SentinelX device with you as you travel, the amount of coin you mine will multiply by 12x. Also according to the Coin apps website, the XYO SentinelX is free, and you only pay for shipping. 

What does the Coin app and XYO SentinelX achieve?

Then when you buy this device, you will help XYO and Coin achieve their goal which is. “ reduce the world’s reliance on centralized technologies.To make this happen, we need to build out a mesh network of IoT devices that spans the globe. That’s where you come into play. Because you’ll be anonymously verifying location data, which enterprises such as e-commerce deliveries and more find value in, we’re able to pay for the cost of your device for you in order to help build the next major geospatial location network!“ So basically you help them produce a location database, just like google has, and then because you’re helping them, you get their in-app currency. 

What data does the app collect? 

In terms of geospatial data, the Coin app collects virtually nothing. The only permission the app wants is “location” so it's only collecting and tracking GPS signals, and no other forms of location data, such as wifi or cell signals. Then we have the XYO SentinelX which is a little bluetooth device that looks like a hexagon. Though the only thing it's used for is spotting if there's other Coin players nearby, but that's it. So from a technical standpoint, this little bluetooth device does not multiply your mining by 12x. 

Can you make money using Coin?

Yes, you can make money using the Coin app, but it will take a lot of time, especially with the free subscription. If you play for free, it will take you around 3 years to earn 128 dollars, which is 311,470 in-app coins. But of course the Coin app has sorted this out for you, you can buy 2 subscriptions which helps you mine coins faster. The Coin Plus subscription doubles everything from mining to background rewards. And the Coin Pro subscription 3 times everything from mining to background rewards. But you can also refer your friends to the app, when you refer a friend they earn a 1000 coins as a reward, and you yourself earn a little of what your friends are mining. So if you want to try the Coin app out, use my referral link, and let's help each other out! 

Link: https://coin.onelink.me/ePJg/9a5caf7e