How To Make Money With CryptoKitties?
Kittens rule the online world; many users admire them because of their cuteness and mischief. However, you’ll be surprised to know what the combination of two great superpowers of the Internet, cryptocurrency and kittens can do. This mind-blowing thought has already hit the online world.
Today, we shall figure out what CryptoKitties are and how you may use them to make money. It may sound weird, but you can make money on kittens, and the opportunity has been in existence since 2017.
However, things are not as easy as you think. Before making a jump-start, you may want to familiarize yourself with the essential features and foundations of the system.
What Are CryptoKitties?
It’s actually a game dedicated to breedable, amassable, and adorable kittens. In CryptoKitties, each cat is 100% unique and owned by you. No one can replicate it, take it away, or destroy it.
Basically, you owned a part of the Crypto Kittie that serves as an NFT (non-fungible token), which can be used to play the game or trade with people. You owned that kitten.
What Is The General Idea?
The whole concept of CryptoKitties is straightforward like pie. First and foremost, it’s a game. The idea is based on breeding cats and having rare possible breeds. Put simply, you use a virtual cat and make more cats while meeting other kittens.
You may wonder – Why get rare breeds of the cats? Well, you make money by selling the virtual kids of each cat. You may laugh at this point. It’s a serious business. A few days ago, one of the cats was sold for a whopping $37,000 dollars. It may sound unbelievable to any person.
However, the CryptoKitties system is an international market where you earn money for doing nothing. Let’s delve deeper and find out how to start earning money.
Registering and Installing
Getting involved in the system is straightforward. However, many points need attention before installing the components. Firstly, you must own cryptocurrency. Why? The game is based on CryptoKitties and the idea of blockchain. So, you must have cryptocurrency.
Secondly, you must remember that all transactions are accomplished using cryptocurrency and several Bitcoin markets. You could convert any token to Crypto Kitties’ token of choice. Wanna have a platform for all your crypto? Check it here.
To begin with, install an online wallet extension called MetaMask. It’s a plugin for your Firefox or Chrome browser. This innovative plugin will let you arrange all the required deals, cash-out, and use it as your bank.
The good news is your financial resources, deals, transactions, and passwords stay fully protected from the prying eyes of hackers because the game employs blockchain technologies.
Make sure when you create your MetaMask account, you need to keep your “secret code” somewhere safe where only you would know.
After installation, create an account at the official website. Input your email id and come up with a strong password for your account.
Once you do that, you’re all set to play the game. You can breed your kittens and make a digital money-earning farm. It’s this farm that will make you revenues.
How to play?
As stated earlier, the game focuses on breeding kittens. However, there are other options too. The game is quite different from a related idea called Tamagotchi where you feed the cat, look after it, and monitor the pet.
Cryptokitty is a different game. Your cat doesn’t even have sex. It can be female or male. It depends on how you look at it. If you played Pokemon before then these could be a breeze for you.
However, you must remember various essential features when entering the game. As a beginner, you can choose from different versions of those kitties that the system has generated only for you. However, each cat has unique features.
The main aspects are the Cooldown index and the Gen index. The Gen index means the breeding generation of your cat. Here, the lowest numbers turn out to be the best opportunities.
This particular index identifies your cat’s ability to have unique successors that you can sell.
The Cooldown index presents the time required for a kitten to give birth to new cats again. As highlighted earlier, the lower number turns out to be more profitable. For instance, your pet army’s Cooldown index grows from minutes to a week over time. So, keeping track of this data is vital because it lets you understand when you must stop and get new kittens while selling the existing ones.
For example, you could purchase a new cat for a relatively low price. You don’t have to pay more than 50 dollars for one cat.
The whole system is like a pyramid. So, you must hurry up if you want to buy the best cats for a lower price and get good cats through the breeding process. Breeding itself is essential. As stated earlier, your kitten could be female or male. It doesn’t matter.
However, the breeding process costs money. You’ve to pay around 2,000 elites – that comes to a couple of dollars but not a big sum.
It is enough to go by when creating your first team of kitties and breeding them.
How to make money?
By this point, you know how you may get your own kittens and the principles of breeding kittens. Now, let’s discuss the idea of making money. The principle of making money on cats is similar to the free market economy’s traditional principles. Selling newborn cats is undoubtedly the primary source of income for you.
However, many other money-making options exist as well.
For example, you can lease your cat to make money. Here, you’ve low risks. Secondly, you enjoy a stable income source compared to other users that attempt to buy a rare cat using your pet. Also, you can exchange your cats with others. So, you stand a chance of hitting a Jackpot if the chosen cat turns out to be highly valuable.
And lastly, you can sell your cats. Remember the whole concept of pricing is based on the free market principles – the demand-supply curves. You must place a unique offer to stand out from others. If you make offers like millions of others, you’ll have to reduce the price.
Cashing out is pretty straightforward. All you should do is use your wallet that you installed on Chrome or the other browser. Using any popular cryptocurrency market, you can get the cash that you earned in the game.
Bottom line
You can clearly see that the idea of earning money on cats is just like bargaining. For this reason, the game is becoming popular in such a turbulent and radical manner. So, I advise you to act now and pick the best possible cat the game offers to start your venture. Remember that newcomers bag the best results all the time. You can compare CryptoKitties to a gold mine where the first workers get a lot more gold than those who come later.