— Bitcoin Magazine (@BitcoinMagazine) September 9, 2020
They requested anyone to create a meme for the chance of winning $10 worth of Bitcoin on Carrot.
The contest generated over 50,000 impressions on Twitter and had almost 100 memes submitted.
Bitcoin Magazine also offered five $500 Bitcoin rewards for developers contributing open source code to the Bitcoin Core software. The projects were accepted and completed by developers and Carrot distributed the Bitcoin on completion.
Newly launched CBD distributer Likuid Gold wanted to grow its audience on Instagram, and anyone could earn free BTC worth $0.80 as reward.
People only had to follow Likquid Gold on iG, and complete a short survey to earn the instant Bitcoin reward.
These are just a few examples of what Carrot is being used for. It’s very early days, but Carrot has processed thousands of Lightning invoices globally, as people look to earn free Bitcoin with Carrot.
It has users in all continents, and an average withdrawal of 23,300 sats, about $2.50. The smallest withdrawal has been 16 sats, which shows the power of Lightning Network and ultra cheap and fast microtransactions.
Why Does Carrot Use Bitcoin?
The Carrot team could have created their own shitcoin, but they chose to work with Bitcoin because it is the best form of money with the most secure network.
The developers, BTC Inc., have worked with the Bitcoin Core team in the past and see themselves as a way to promote the only true sound money: Bitcoin.
Bitcoin is the most secure network ever created. It’s also programmable money without borders, and a natively digital currency that needs no middlemen.
And with the Lightning Network it can automatically process microtransactions in milliseconds at scale.
Carrot – A Platform To Earn Free Bitcoin
Carrot has already processed thousands of transactions, with the average person earning $2.50.
By building on the Lightning Network it has made Carrot the perfect marketplace to bring together rewarders and those looking to earn free BTC.
Whether you’re a brand that needs promoting, in need of some software development, or would like to collect data, Carrot is a place to promote your requirements.
If you want to earn free Bitcoin, check Carrot out, because there will be something that ensures you can get involved in Bitcoin without spending money.
Welcome to free Carrot, welcome to Bitcoin.
Author: Tommy Limpitlaw
Bitcoin FAQs
No, Bitcoin isn’t anonymous. It’s pseudonymous. Every BTC transaction is traceable, but there is no name connected with each transaction, unless somebody exchanges it for fiat on a platform which they have verified their account. There are ways to buy Bitcoin anonymously, however, it just takes a bit of knowledge and maybe a slight premium.
On average, the time it takes for miners to mine BTC is 10 minutes. But they don’t just mine 1 BTC. Mined Bitcoins are created with every new block and these produce the Bitcoin block reward which at the moment is 6.25 BTC, so you could say it takes less than 2 minutes to mine each Bitcoin.
There are many reputable Bitcoin exchanges operating in The Netherlands. However, the most recommended exchanges are Kraken or BlockFi. Or you can buy Bitcoin from Bitcoin marketplaces, such as LocalBitcoins or Paxful. All of these platforms are global with high liquidity and excellent customer service. Check out our reviews on each platform.
There is no CEO of Bitcoin. There is no central authority that directs or controls Bitcoin. It was created by a pseudonymous programmer Satoshi Nakamoto, but he gave it up to the community, and now all decisions are made by the hundreds of thousands of miners and nodes who work for the Bitcoin network.
A Bitcoiner since 2017 and a Bitcoin Maximalist since 2018, Tommy is our main writer and editor at Bitcoin Maximalist. Other than researching and writing about Bitcoin, Tommy loves spending time with his family and supporting his beloved Leeds United.
