The receiver of your tips will get a message from our profile containing withdrawal information. They do not require TipIOTA to withdraw their tips. Also, to prevent users having to withdraw small amounts many times, tips will be grouped and available to withdraw at once.

TipIOTA extension will soon be available for download from the Chrome web store.

Where do I get IOTA tokens?

IOTA tokens are available from multiple exchanges. Bitfinex (BTC, ETH; USD), Binance (BTC, ETH), CoinSpot (AUD) and bit520 (CNY).

We use mainly Bitfinex and never had any issues with it although it’s worth mentioning that they will stop IOTA withdrawals in the USA within this month so Binance is probably a better option.

Some might find purchasing crypto currency slightly daunting because of the processes and safety mechanisms that are put in place by exchanges and therefore we are constantly looking at new ways how to integrate an easy way of purchasing IOTA right into our Chrome extension. We believe that getting more tokens should be no more than a few clicks away.

Future vision

While in beta, we will only support Reddit so that we can test all of our automated processes and security features, however, when we launch the first version of TipIOTA, we will cover multiple popular social media platforms such as Twitter, Facebook, Medium and YouTube. Our future vision is to empower creators by unlocking a brand new revenue stream as well as becoming a micropayment processor. We are exploring ways of creating payment walls so users can pay small fees in order to unlock articles or only the parts that they are interested in. Nowadays the market is dominated mainly by expensive solutions that, by their very nature, require high transaction fees. Furthermore, we want to develop a platform to bring together rich content by collecting the most tipped posts across the web. This way we can create a curated space that’s nominated by our users.

Technicalities

As mentioned before, TipIOTA extension requires your seed but it will never be sent over the internet. It will always stay in your browser and is stored safely. Due to the nature of tips and their typically small amounts, we are considering multiple ways how to monetise TipIOTA. We use the IOTA javascript library and we host our own nodes. Tips are safely transferred to unique holder accounts owned by TipIOTA. Every transaction generates a new hash (unique ID number) that allows tip receivers to withdraw their funds from within our website. Our automated systems safely validate received tips as well as inform users of incoming funds.

Summary

To sum it all up, we’re hard at work to bring you a new kind of tool that unlocks a brand new income stream for writers, designers, vloggers, bloggers and practically any other content creator. It allows you to appreciate other peoples work by tipping them. Tips, however big or small, have the potential to give people the ability to do what they truly love and that’s very powerful.

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We've added a user feedback form where you are welcome to recommend new ideas or upvote existing ones. Every idea matters to us.