Welcome to the tenth 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 October 2020 that I received through Coil
Last month I received a total of 10.451537 XRP, which corresponds to a decrease of -68 % compared to the previous month. With the exchange rate of XRP/EUR on the last day of the month that was worth roughly 2,15 €. That corresponds to a decrease of -68 % compared to the previous month.
This Month’s Traffic Analytics
Chart of my blog traffic analytics for October 2020
Let’s measure it against my blog traffic analytics from last month.
I had 597 visitors on my blog in the past month. That’s an increase of +10 % 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
Again, I’m very happy to have received another payout from the well-known Coil boost program.
On October 21, I received an extra 304.278101 XRP, which was worth $ 74.26 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.
As of a few days ago, the boost program is currently not accepting new submissions anymore:
Updated 11/2/2020: We’re not accepting new submissions at this time, but we’re continuously working on new ways to nurture and grow the Coil community and Web Monetization ecosystem. So please stay tuned for future updates!
My life has been really demanding lately and there’s a lot going on, therefore I cannot dedicate as much time as I would like to creating content.
I have a lot of ideas — also around Web Monetization — but have to take it one step at a time.
But it is great to see, that there are many things going on in the space, which I enjoy to follow especially on Twitter.
You can check out all my monthly Coil income reports, which I create to track the development and perceived adoption of Coil.
Check the video for a closer look into and more comments from my side on the past month.
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.
There’s a lot going on around Web Monetization lately! Do you think it’s gaining traction? If not, why do you think that is? 🤔