Yes, also new ways to achieve creative and financial freedom.
01 May 2022, 17:16
Yes, also new ways to achieve creative and financial freedom.
We have spoken to creators who expressed their own disappointment that YouTube requires:
- 1000 subscribers to turn on any (basic) monetisation options
- minimum cash out thresholds ($100)
- YouTube has taken a cut of 45% off creator earnings.
For us:
- make money from day 1, no minimum subscriber numbers
- creators take 85% to 90% of their earnings (most will be 90%)
- cash out at any level (minimum is $1)
Now we are able to do all this because:
- BoltX integration (we have our own wallet)
- creators can withdraw any amount in crypto. Web2 charges a minimum threshold because of bank charges
- for crypto to cash transactions for KYC-Ed accounts, small processing fee applies
- hence we pass on more money to creators. Our creators are happy, which makes us happy.
So that means as well beyond alternative and more accessible forms of entertainment, we also empower our own creators to get more bang for their buck
We will also progressively update the ecosystem with more creator friendly features.
Needless to say once we gain more traction we will start introducing new incentives for the bolt token to be implemented.