Twetch is a social media platform utilising the BitcoinSV blockchain that gives you the ability to monetise your data and content, it launched in 2019 and i was user @461 when i signed up in July of that year. (Read my 2019 first impressions here) If you are not signed up yet, please use this referral link https://twet.ch/inv/bsvguru i will explain more on this system further down the page.
Over the 2 Years i have been using the platform, there have been many improvements and updates to the platform that have improved the experience. As so much has been improved since my last post, I feel i should write up an April 2021 review and explainer to help any new users to the platform.
All posts, images and interactions are permanently stored on the Bitcoin SV Blockchain.
Advert free and requires no technical knowledge of Bitcoin to use and get earning.
Every account has a Bitcoin SV Twetch wallet, enabling instant, cheap, world wide Bitcoin SV transfers between users. (Hahaha Facebook!)
Each post, branch or like costs small amount of money (from 2¢).
Exclusive 3D NFT protocol and Peer to Peer NFT Marketplace
Premium Feature: Encrypted peer 2 peer messaging
Yes it does! but please hear me out before you go back to Twitter to see an advert for an item you have only been thinking about buying!
To make text post cost = 2¢
To like a post = 5¢
To branch a post = 3¢ (All revenue from your branched post is then shared)
To upload an Image and post = 4¢ (low quality image)
To Follow a user – 10¢
As you will see it may cost you a small amount of money to make your post but if you create good content making a profit is incredibly easy for anyone on Twetch!
Example: Make an interesting text post costing 2¢ – If that post receives only 1 like (5¢) and you have over 100% ROI !
Within weeks of using the platform you do not even think of the cost of using it as you know that usually if your posts are of good quality and of value then they will be profitable, each of your posts is essentially an NFT that has infinite earning potential going forward.
Upon signing in you should be greeted with a screen that looks like this, I have marked up this screenshot in red to go through each area.
Click Twetch logo to get back to the feed.
If you click your Name or profile image you will be directed to your profile page with, your posts, stats on your earnings and you can edit your profile image.
Chat – Is a Premium feature that can be purchased from Twetch in BSV. This enables encrypted direct messages between users. Users without this premium feature can respond for free to messages from premium users.
Wallet: Is the super fast Twetch wallet, that gives the best user experience when using the platform. Make sure you backup your recovery phrase before depositing!!!
Market: This is the latest addition to the platform an integrated peer to peer 3d NFT Marketplace using their own Twonks protocol. Twetch take 6.9% from each sale through the market.
Features: Want to help fund development of some cool new features on Twetch? This is the place to go!
Settings: This is contains essentials like wallet settings but it also has some premium features that can be purchased such as Advanced Search, Dark mode and my personal favorite Single click payments.
Create post: Does what it says on the tin.
Invite link: The invite link is possibly one of the most interesting parts of Twetch. https://twet.ch/inv/bsvguru This is my invite link which lets you earn 10% from all invitees future posts for life ! It will not cost your invitee any more to use the platform, this referral fee is taken from Twetch’s cut from each post. This is a huge possibility for traditional social influencers to monetise their existing network as they migrate over to economically incentivised platforms like twetch after showing their network how much can be earned.
These 4 tabs give you a way to filter through the posts on Twetch, Following shows only posts from people you are following. Latest shows all the latest posts made on Twetch from all users. First contains latest new users first posts it is always nice to pass by and give them a Welcome to Twetch and a branch. Top drops down to select the timeframe you would like to view the top posts from.
MOBILE USERS: To make a post press the Blue Circle with + in bottom right of your screen
This create post area allows for 256 characters per post, no matter how many characters you use the cost of a text post will always be 2¢.
You can issue 2 impressive commands through making a post the first is /pay. This allows you to pay any user by just making a post! If you make a post that says –
/pay @461 $1the post button will now show the cost as $1.02. The second command you may find extremely useful is /trolltoll. This is a way to set the cost of another user interacting with you, which can be used to sort of block a user.
/trolltoll set @3 $1000Would mean it would cost @3 Randy $1000.02 to reply to one of my posts in future. you can remove this by using
/trolltoll remove @3 $1000
There are 5 icons under the text entry area and we will go through them.
First we have Polls – You can create polls in your Twetch posts that costs 2¢ each for other users to vote on.
Next up we have the Image uploader – Adding high res images to the blockchain can be costly, Twetch allows you to seamlessly select the image quality that you would like to upload so you can save money uploading a low res image for a meme but allowing you to select high res and high cost for a photo from your holiday.
GIF – Allows you to search the Twetch Gif Database
The cat icon – Twetch Meme Maker is a simple intuitive system that has all of the popular memes of today as templates for users to create their own memes to share and profit from through the platform.
Emoji’s and Hashtags – Are also integrated to Twetch so all your favourite ways to search, reply and interact are possible through Twetch!
This is where the latest posts on your selected Twetch feed will appear, in my screen shot i am showing the Latest posts made on Twetch.
The search area is basic only by default, Advanced searching is a premium feature that can be purchased on the settings tab.
This area is where you will see your earnings come rolling in, to see a full page of your Notifications just click or tap on the word Notifications.
Leaderboard contains users who have spent and earned the most on Twetch in the last 24 hours, clicking on the Leaderboard text will take you to the top 100.
An NFT is a Non Fungible Token which Twetch team decided to create their own protocol called Twonks to enable them to create tokens that store 3d assets to the Bitcoin SV blockchain.
Twetch market is the worlds first peer to peer 3D NFT marketplace where every part of the transaction is not only recorded onchain, the actual 3D NFT file is actually stored on chain. This means each of these 3D items will live forever inside the Bitcoin SV blockchain not on an AWS instance that can go down. The future utility of this is so exciting, i am a huge VR fan and would love to be able to take my 3d NFTs from Twetch into virtual worlds like VR Chat and then bring collectables out of them worlds to sell on the Twetch marketplace.
The first ever 3D NFT was a rare numbered trading card of a Rare Hat that has an associated physical hat, which has the Rare Hat number stitched on the side.There were 101 Rare Hats available on the initial sale starting at $420 and decreasing down to $100 , it sold out within seconds and crashed the Twetch servers the demand was so high. The highest priced paid for a Twetch Rare Hat is $5,500 for #96 as of the time of writing.
The second NFT was a 3D Chicken tendie that was released for April fools day 2021, these could be brought for 0.69 BSV on April fools day and since have traded up to $600. There are only 616 chicken tendies in circulation and being such a novelty item i can see these being very sort after by the meme communities.
On Easter Sunday 2021 there was an airdrop into the Twetch wallet to all users who had made 2 posts in the last week, rewarding the active users of Twetch with a 3D NFT easter egg that could be traded or sold onto the 3D NFT market. These have been trading between 250 – 400 USD.
To buy an NFT from the Twetch peer to peer market, go to the market tab in the menu. Here you will see the latest items listed for sale, there is a filter on the right of the screen that can be changed between latest, highest and lowest price. Each of these items is being sold by another user and Twetch receives 6.9% of the sale price. All trades are made instantly with no risk of non delivery as the ownership of the item is being traded for BSV.
Find an NFT you want to purchase on the market and click or tap on it, this will take you to the item detail page that will show you who is the current owner of the NFT with a buy button priced in USD. If you are happy to buy the item press the button which will bring up the Twetch pay window this confirms you how much the USD price is in BSV and a final button to pay and complete the trade.