Coil Income Report: April 2020

by | 2 May 2020 | Business, Content Creation | 5 comments

3 min read

Welcome to the fourth edition of my Coil income reports, which I publish monthly.

Having Coil integrated into this WordPress website enables me to receive tiny micropayments streamed to me in real time as visitors are reading my articles — provided they have an active Coil subscription.

While it is also possible to receive those payments in US dollars, I am receiving mine in XRP, which is a cryptocurrency used for different use cases.

This Month’s XRP Balance

Coil XRP Balance April 2020

My XRP balance for April 2020 that I received through Coil

Last month I received a total of 7.823746 XRP, which corresponds to an increase of +101 % compared to the previous month. With the exchange rate of XRP/EUR on the last day of the month that was worth roughly 1,53 €. That corresponds to an increase of +143 % compared to the previous month.

On top of that, I got a very generous 5 XRP tip from Niels, a fellow blogger on Coil. XRP makes tipping for content a breeze!

This Month’s Traffic Analytics

Chart of my blog traffic analytics for April 2020

Chart of my blog traffic analytics for April 2020

Let’s measure it against my blog traffic analytics from last month.

As you can see above, I had 646 unique visitors on my blog in the past month. That’s an increase of +24 % compared to the previous month. Divided by the amount I earned through Coil makes 0,002 € that I earned per visitor.

Another Coil Boost

I was just as excited as last month to have received my second payment from the Coil boost program.

On April 24, I received an extra 562.177218 XRP, which was worth $ 109.79 at that moment. I am beyond humbled, very grateful, and really excited to continue working with this new technology and sharing my experiences along the way.

You can check out all my monthly Coil income reports, which I create to track the development and perceived adoption of Coil.

If you have any questions, feel free to drop them in the comments below this article.

If you are curious to find out how to integrate Coil into your own WordPress website or blog, check out my step-by-step guide on how to do it.

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Adam

Incredibly excited for the Grant for the Web applications to be open. They had been delayed once or twice so I was worried it might not happen…. but the timing is actually perfect for me, I think I’m a week or so away from launching a new website that uses #webmonetization.

PatriciaC

I’m super excited for GFTW! And for the projects that will come from it, let’s wait and see! And awesome increase on your xrp streamed, well done Benny!