5 Ways To Make Money/ Earn Sats Using The Lightning Network

The first time you earn sats is an amazing experience. NewsBTC will help guide and assist you. Lightning Network enabled bitcoin micro-transactions that were real and charged very low fees. The Lightning Network opened up many new possibilities for the bitcoin network, which the world is only beginning to explore. The following article will show seven projects that either pay their users directly or give tips to the community. The Lightning Network is used to pay sats.

Unlike most altcoins, bitcoin is truly scarce, has a hard total cap, and wasn’t pre-mined. These projects have low rewards compared with NFT collection of millions and 20% yields. But you can earn real bitcoin for your hobbies. Cross your fingers, let’s hope this first guide has something for you. 

Before advancing, though, let’s quote Stacker News’ FAQFor a complete definition of Sats, also known as satoshis. “Sats are the smallest denomination of Bitcoin. Just like there are 100 pennies in 1 dollar, there are 100,000,000 sats in 1 Bitcoin.”

1.- Earn Sats playing games with Thndr

Go To ThndrYou can download classic and new games like Snake or Bitcoin Bounce, and you can also play them. Because of Android App store’s restrictions, the company can’t give you sats directly. They are still possible to earn. “Each ticket you collect is an entry into the daily prize draw.  The more tickets that you collect, the more chances you have to win the bitcoin jackpot.”

You won’t get paid for playing retro videogames.

Thndr → https://www.thndr.games/

2.- Tips and Tricks for Starbackr’s Pictures

Reward the community by publishing your videos and pictures on Starbackr. Although tips in sats may not be the best way to help creators, it might work. Let’s experiment and see what the market says. And speaking about experiments, it seems like this service is just the first stage and not Starbackr’s final form. The company’s About Us says:

“We build the platform of choice for digital content creators with instant payments, low friction, and free of moral censorship. Building on the Bitcoin Lightning network allows us to deliver a content monetization platform that is dramatically less expensive, faster, and more creator-friendly.”

So, don’t lose faith if you’re not a photographer. Starbackr might offer new services in the near future.

Starbackr —> https://app.starbackr.com/

BTCUSD price chart for 09/01/2022 - TradingView

BTC price chart on Bitstamp for 09/01/2022 | Source: BTC/USD on TradingView.com

3.- Get Sats For Your Content In Stacker News

Stacker NewsHackernews clone, which rewards production and content curation. The way it accomplishes this is the fundamental difference between the two sites, “Rather than collecting “upvotes” that are not redeemable or transferable on Reddit or Hacker News, Stacker News users earn sats that can immediately be spent anywhere,” The FAQ is available here

You will receive 1 sat for every comment or upvote you get on your content. However, publishing costs one sat. This is one of the most evolved projects on the list, so there’s an economy around it and the team has developed new functionalities. One example is that you can use sats to reward more users and pay to increase your content. 

Stacker News –> https://stacker.news/

4.- Take Clips from Your Favorite Podcasts in Fountain

FountainIs it a Podcasting 2.0A sats-enabled application that stands out from the rest by offering users the opportunity to make sats. Advertisement and sponsored content can be listened to. Alternately, comment and cut segments from your favourite podcast. Users who like the comments and clips will get a cut. The satisfaction that you helped promote your favourite podcast. 

Fountain offers another opportunity for podcast production and rewards from the community. Value-for–Value Model. Podcasting may be your calling, even though the barrier to entry might seem higher. 

Fountain → https://www.fountain.fm/

5.- Trade derivatives in Sats through LN Markets

Technical analysis may be your forte, but fundamental analysis might excite you. LN MarketsEasy access to the market. “Trading is done directly from any Lightning wallet and enables super fast access to derivatives markets. Open a position by making a Lightning transaction, close the position and receive the money directly in your wallet,” Your FAQ clarifies.

Open a trading position only if you know what you’re doing, though. You should at least look over a few. NewsBTC Daily technical analysisTo kickstart your learning journey, you can watch episodes. It is possible to use LN Markets on testnet. No matter what you do remember that trading the markets can be dangerous and even experienced traders may lose their lives. Don’t use money that you can’t afford to lose. 

LN Markets → https://lnmarkets.com/

Some of these services require that you have an Lightning Network-specific wallet before they can be used. Before you interact with these services, learn how to create one. This closes NewsBTC’s first guide to making money through the Lightning Network. If you want more content like this, tell us through NewsBTC’s social media channels.

Featured Image: Bitcoin bounce screenshot from Thndr Games | Charts by TradingView

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