No one can deny there are some interesting projects in the world of cryptocurrency these days. Especially when it comes to earning money with cryptocurrency, there are a few ways to go about things right now. Coinlink is a new project which lets people generate a “hidden” URL and earn Monero every time someone clicks on their link. It’s an interesting take on things, even though it may not be commonly used in the future.
URL Hiding Service Paying in XMR
There has been a lot of interest in Monero over the past few weeks, even though the current price may not necessarily reflect it. A lot of new projects have come to market lately, and some bigger developments are still on the horizon. While a lot of people are seemingly ignoring Monero right now, it is only a matter of time before this particular currency gains a lot more momentum.
Unfortunately, Monero has also gotten a lot of negative attention of late. This is mainly due to cryptocurrency mining scripts which can be embedded into websites with relative ease. Said JavaScript will then successfully mine Monero by using website visitors’ computer resources for as long as they stay on the site. This is not necessarily a lucrative business model, but it is a controversial method all things considered.
Thankfully, there are some legitimate projects involving Monero as well. Coinlink is an interesting venture in this regard, as it allows users to “hide” existing website URLs and earn some money by doing so. Users will need to generate a Monero address first before they can successfully use this service, though. Once they have an address, the URL to be hidden can be entered on the website. By actively sharing this URL and collecting clicks, users will be rewarded with small amounts of XMR.
As one would expect from a service related to Monero, there is no need to sign up for an account whatsoever. Instead, users can simply generate a URL and start earning money right away. This service will display ads when people visit one’s URL, though, and the Coinlink team takes 5% of all earnings in exchange for providing the service. It is a pretty interesting concept that could prove extremely useful as a way to get XMR into the hands of as many people as possible.
Do keep in mind the service provider will keep a record of the links created. More specifically, they log the creation date, Monero address, and an ID associated with the link itself. There is also a “difficulty” factor associated with generating a Coinlink URL. This difficulty represents the amount of hashes associated with generating the URL in question. Every link stores the amount of mined hashes, which will be purged and have a Monero value associated with it.
As of the time of writing, there is no official payment solution for this platform yet. The team is actively developing and integrating such a feature, but they will be keeping track of the number of hashes collected by every ID. Payouts will occur at some point in the future, although it remains to be seen when this feature will be implemented. All things considered, Coinlink could prove to be a valuable service, but there is still a lot of work to be done before it is ready for prime time.
