How Alfafrens works
In alfafrens you can deposit $DEGEN to your alfafrens wallet and get $DEGENx in exchange
Using $DEGENx you can sub to other users' channels.
The subscription price for each channel differentiates from 500 $DEGENx to 1500 $DEGENx.
By subscribing to a channel, you earn $alfa which can be withdrawn anytime you want during a day (remember to claim it daily because if you don't those $alfa tokens that you earned during the day will be burnt)
You can stake $alfa to earn $DEGENx and claim it monthly (not sure on the monthly part)
How to make profit as a subscriber
In order to make profit in alfafrens, we must look for channels that can provide more $alfa with less $DEGENx
Head to the High $ALFA Rewards tab in alfafrens website to find these channels
After successfully finding a good $alfa generating channel & subbing to it, wait 5-6hrs to claim your $alfa for the first time
Now you can stake your earned $alfa (you don't need to sub to a channel to stake $alfa)
To get more $DEGENx from staking $alfa, head to the High Cashback tab in alfafrens
The more stakers the more diluted rewards become, so find a channel that has the least amount of stakers (1-3 would be good)
Stake your $alfa and check out your estimated $DEGENx monthly income
At the end of the day, the more you find better opportunities to stake/subscribe on a channel, the more you can profit.
Always remember, strategic staking and subscription decisions are key to maximizing your returns in the Alfafrens ecosystem. It's all about finding the right balance between the cost of subscription in $DEGENx and the potential $alfa earnings. Remember to consistently claim your earned $alfa tokens daily, stake them wisely, and keep an eye on channels with less competition for higher returns. By doing so, you can potentially optimize your stream of income within the Alfafrens ecosystem.
Hope this was useful for starting your alfafrens journey:)
Don’t fade this tutorial I made to profit from this new hotness replyors https://paragraph.xyz/@esish.eth/alfafrense30
Nice work on this! Glad someone put it out there so I didn’t have to.
Thanks man! Glad you found it useful
Great one! Thank you 👍 Have a question! How many alfa is good for staking?!
I can help answer this a little bit. Right now, there is no set number because so many people are trying to grow their alfa. if you want to keep growing your subscriber count, keep staking all of your alfa with yourself. At least, that's whats worked for me.
I deposited 5000 degen and subscribed to 5 channels! Is this ok?!
Oh I gotta check it out Thanks this 69 $DEGEN
Hope it will be useful to you sir🫡
Actually it was! I just quoted to my community =D
I thought abt you @swim bookmarked to read this weekend 9-5 burning through my study time
real. 20 $degen
Thanks for checking out @esish.eth guide. Happy to help answer any questions too. :)
gotta read this, trying to find out what i do with $alfa
Tried to simplify it as much as I could hope you’ll find it useful man
Thank you, Sir, this is wonderful, I've made it to the app but due to the lack of time, I wasn't able to wrap my head around it. 60 $DEGEN
Happy to hear that it was helpful to you brother🤝
I made this to help those of you who don’t know how alfafrens works and how to make profit from it… Check it out:👇 https://paragraph.xyz/@esish.eth/alfafrense30
In the latest post, @esish.eth explains how to profit from Alfafrens. Deposit $DEGEN to get $DEGENx, use it to subscribe to channels which earn you $alfa. Look for channels offering more $alfa for less $DEGENx in 'High $ALFA Rewards'. Stake earned $alfa to gain more $DEGENx, found in 'High Cashback'.
@nathc nata léete eso ...