by R.A. Rowell
Ever spent countless hours watching video ads, game trailers, and movie trailers trying to earn points to use in an app? Well, before it took forever to actually earn anything from watching content. Sure, you could get points towards gift cards, sometimes even PayPal. But now, there's a new content platform that pays out in cryptocurrency. It's called Rhovit.
Rhovit pays out in rBits, a token that takes advantage of Bitcoin and other cryptocurrency price differences on exchanges. It’s based on an algorithm that trades between exchanges to profit when the price is different. The best part is that every month 100% of R-Bit's profits are shared among RBIT token holders (or HODLers, if you prefer that term - a term used by many in the crypto world which literally means Hold On for Dear Life).
While that's great, Rhovit requires that you use a particular desktop based crypto wallet to receive it. This wallet is the NEM Nano Desktop Wallet. As if crypto users need to keep track of one more wallet… I'm sure that this exclusivity was done at least in part for security, as well as the fact that it’s a pretty unique token. Plus, if you earn enough from the platform, it's likely only a minor inconvenience, right?
How Does Rhovit Work?
Rhovit gives you points that you use to unlock content. Each time you do this, you unlock energy which goes towards earning rBit tokens. As of this writing, it appears that for every 2 points you spend, you get one point of energy.
You get 50 points at registration, which is roughly enough to earn one rBit token. You also gain points for free over time, but they add up slowly. There are also promoted videos that earn you rBit tokens straightaway.
Right now, if you want more points, you have to buy them. Their best current offer is 1660 points for 9.99. It took me only 40 points to earn the first 20 energy to earn my first rBIt token. That means 1660 points would earn you about 41.5 rBit tokens.
Considering that each rBit is worth roughly $0.25 USD each, you would literally be paying $10 cash for about the same amount of rBit. So you're not getting ripped off, certainly. This amount will obviously fluctuate with the value of rBit but it's pretty stable at the moment.
My only actual complaints about the platform are the exclusive wallet you have to use to cash out, and that when you go to unlock some content, it tells you that there is no content. I assume that it's just that those particular content providers ran out of ad money or something. But it's annoying. Still, if that's happening, it means that the platform is so active that the site can't even update fast enough to not display videos that you can't earn from anymore.
I'm pretty happy with what I've seen of Rhovit so far. If this platform really succeeds, those rBit tokens could gain significant value over time. Plus, Rhovit seems to offer pretty good content, including even articles if videos aren't your thing. It's definitely worth checking out.
If you want to check it out, use my Rhovit referral link here for extra rBits!
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R.A. Rowell is a collectibles enthusiast who comes from a long history of collecting trading cards in both sports and in Trading Card Games. He is passionate about educating the world about the future promise and benefits of digital collectibles, both on the blockchain and off.