Collect CoinGecko Candies! This is Sweet Financial Advice!
If you have been ignoring CoinGecko candies, now is the time to stop! CoinGecko Candies can be very rewarding and I’ll explain why!
I must admit, I neglected CoinGecko Candies for some time, because they were something I just overlooked. But, my brother brought them to my attention and I made collecting them part of my daily routine. I was already checking the price of crypto every single day on CoinGecko, so why not collect these candies while I’m there?!
How does it work?
It works like this.
First, you create an account, I just signed up using my Gmail address.
Then, you start collecting Candies… It’s that simple!
I stay logged in to CoinGecko so I can see the candy notification appear in the top right of the page. That lets me know whenever I’m able to claim.
Clicking on the candy jar will take you to your “My Candies” view where you’ll be able to start claiming candies. Note: You can only claim once a day, and you will need to claim candies each successive day for a whole week to be able to claim 100 candies on day 7.
So that looks like this.
Day 1: +10 candies
Day 2: +20 candies
Day 3: +30 candies
Day 4: +40 candies
Day 5: +50 candies
Day 6: +60 candies
Day 7: +100 candies
If you miss a single day collecting, the rewards counter restarts at the +10 candies spot. So this model incentivises you to log in or visit CoinGecko every day to compound your candy rewards. A very sweet strategy if I do say so myself.
What rewards are available?
Now we come to the really sweet stuff. The rewards you can claim. Previously, a lot of the rewards you could claim were primarily discounts, or education guides, but I recently saw CoinGecko branching out into NFT lotteries, where you could spend say 200 candies and be in with a chance to win a CoinGecko themed NFT.
I didn’t try my luck at any of the lotteries, because I don’t generally have much luck with these types of things, but I saw the progression and thought “I’m going to wait until CoinGecko releases NFTs you can purchase outright with your candies” and that’s what they did! For 1,000 candies you could have claimed a Ronald Ong x CoinGecko NFT on Thursday just gone!
And that’s exactly what I did!
Who is Ronald Ong?
In Ronald’s words “Ronald Ong is a visual artist that creates surreal artworks, mainly composed of nature and animals. His conceptual and minimalistic style that transcends beyond the whimsical worlds and leaves you question the true form of reality.”
I have no intention of selling my Ronald Ong NFT, but there are instances where people are trying to sell it from 0.015 ETH ($32.21 USD) to as high as 4 ETH ($8,591.56 USD).
The User Experience (UX) to purchase it was also very awesome, because even if you sell the NFT, you’ll still keep your POAP badge…
What is POAP?
POAP stands for Proof of Attendance Protocol and represents a way to display the bookmarks of your life by creating badges that are tied to you wallet address. If you head to the app, this is what you’ll see.
Clicking “Show me my Badges” will display the events you’ve visited in the past.
If you click on any of the badges, it will display the event you’ve participated in, represented by that badge.
I’ve thought this was an extremely cool concept for a while, but the moment I participated in it, I understood why this could become very addictive. The moment I claimed the reward with my candies I got this rush of dopamine associated with receiving this reward. It was at this moment I got a glimpse at my future self…
Honestly, the moment someone creates a sash where you can display your POAP badges, I’ll recreate this photo.
The point I’m trying to make here is people like collecting things, stamps, coins, tickets etc, and this is an extension of that human desire. So I see this being a great way to foster community involvement by creating a sense of belonging, while also capturing memorable moments.
Once you have your POAP badge you can migrate your POAP it onto the Ethereum Blockchain, minting it as a NFT.
This will charge you an Ethereum gas fee to mint. Mine was $28.40 AUD, so a little pricey. I may have been better off waiting until gas fees were a slightly cheaper, but my curiosity and impatience got the better of me, so I minted it and the transaction succeed.
This means my NFT is now visible in my wallet and can be viewed by visiting my profile on OpenSea.
Closing remarks:
To wrap up I strongly recommend you follow CoinGecko on Twitter. This is so you’ll see these types of announcements in the future.
The Ronald Ong drop was claimed very quickly, I believe within like 2hrs, so you have to be on top of these things and act super quick!
CoinGecko Candies represent a really fun way to collect experiences and get exposure to the NFT space among discounts and other things so I definitely encourage you to participate!
I hope you’ve enjoyed reading this blog post!
➡️ Feel free to follow me on my other socials for interesting crypto projects I’m investing into and to stay up to date on my strategies: linktr.ee/Chad2P0 🐦📸🎧📝
Disclaimer: This blog post was inspired by my own opinions, observations and experiences. I am not a licensed financial advisor and this is not financial advice. You should not buy, sell, or invest in any asset based on what I say. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice and I am in no way liable for any losses incurred. Always do your own research.
