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By subscribing to a channel, you earn $alfa which can be withdrawn anytime you want during a day (remember to claim it daily because if you don't those $alfa tokens that you earned during the day will be burnt)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:)
