Welcome to the eleventh 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 and many other fiat and crypto currencies, I am receiving mine in XRP, which is a cryptocurrency used for different use cases.
This Month’s XRP Balance
My XRP balance for November 2020 that I received through Coil
Last month I received a total of 5.476653 XRP, which corresponds to a decrease of -48 % compared to the previous month. With the exchange rate of XRP/EUR on the last day of the month that was worth roughly 2,92 €. That corresponds to an increase of +36 % compared to the previous month.
That increase was driven by sharp rise of the XRP price during the last month.
This Month’s Traffic Analytics
Chart of my blog traffic analytics for November 2020
Let’s measure it against my blog traffic analytics from last month.
I had 364 visitors on my blog in the past month. That’s a decrease of -39 % compared to the previous month. Divided by the amount I earned through Coil makes 0,004 € that I earned per visitor.
This balance also includes the payments that I receive from Coil subscribers watching the content that I share directly on the Coil blogging platform and my videos on Cinnamon or YouTube.
Therefore, it’s not super accurate, but sufficient for me at this point.
Another Coil Boost
I’m happy to have received another payout from the Coil boost program.
On November 20, I received an extra 366.669040 XRP, which was worth $ 110.84 at that moment. The boost program keeps being an amazing effort by Coil for new people to give web monetization a try and to start experimenting with it.
There’s a lot going on recently and as the year is coming to an end, I’m already evaluating my content ideas and strategy for the new year.
While being a bit more quiet these days, I’m still excited to be involved in the development and adoption of Web Monetization, including my Grant for the Web project, which will still keep me busy well into the new year.
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.
If you’re thinking about starting to blog or to create any other kind of content going into the new year, make sure to take a look at the opportunities and possibilities offered by Web Monetization!
It’s a great starting point, not only to think about new ways of monetizing content, but also to get involved with other creative people. 😊