Odysee is a decentralised platform where we can earn LBC cryptocurrency for free.
Odysee is a large multimedia library where everyone can both create a channel and share their content and view the content of other authors. Odysee’s internal cryptocurrency is known as Lbry Credits, which can be earned for free in various ways.
The highlight is that LBCs are listed on Coinmarketcap and are available on several exchanges, so it is possible to sell them for Tether or even exchange them for BTC or any other cryptocurrency. It would be nice if Youtube paid us to watch videos, wouldn’t it? Well, that’s exactly what happens on Odysee! And the best of all is that it is very easy to use. In this tutorial we will show you how Odysee works, how to withdraw your earnings and how to transfer Lbry Credits to another cryptocurrency.
What is Odysee?
Odysee is an audiovisual platform where people from all over the world can publish content and offer it for free or sell it for a certain price. The strength of Odysee compared to other media platforms is that it uses Blockchain technology, so it is not dependent on third parties.
This, among other things, means that there is no censorship. It is the user community itself that decides what content is relevant and what is not. In addition, unlike on YouTube, on Odysee we all earn money on Lbry Credits. Both users who create content and users who view other people’s content.
How Odysee works?
To explain how Odysee works I will use a couple of examples, which will always be much better understood. Let’s say someone wants to have a conspiracy channel where they talk about sensitive topics or topics that might hurt other people’s sensibilities. Depending on where he wants to create such a channel and publish his videos, he will encounter various obstacles. And it is more than likely that you will be censored. On Odysee this does not happen. Users are free to publish and choose the content they want to see.
Another very relevant aspect of Odysee is that it allows you to set a price for the content. In this way, if we want, we can publish a video, a song or a film, and if someone wants to see it, they have to pay for it. This is very favourable for independent authors. For example, a singer who wants to make himself known by uploading his demo. The main stumbling block for someone who is not known to the general public is mainly that they do not have the financial resources to promote themselves. In this sense, as Odysee is free, they can open a channel and upload their songs there. And if his music is liked, it is quite possible that he can make money from it. Either by setting a price. Or by not setting a price and accepting donations from other users.
These are just two examples of the many possibilities Odysee offers content creators. And what’s more, users can view that content free of advertising. In other words, while on other sites we have to watch ads or pay for a premium version to avoid regular advertising, Odysee does not monetise the content.