The cryptocurrency market is dynamic and multidimensional, constantly evolving with innovative ways to make money. Initially, trading was the primary method, but now, we have seen the rise of Airdrops, NFTs, and apps based on Web3 or AI that offer unique opportunities to earn from the crypto market. Athene, an AI-based crypto app, is a prime example. In this article, we will delve into the innovative Ember crypto app.
Ember Team
One of the great things that Ember has done on its website is the Who We Are section. In this section, you can find the biographies of the members of the Embers project. You will find the resumes of their engineers and even the CEO of the company. On the Who We Are page, they have claimed that their team consists of people who have held leadership positions at Google, Accel, Microsoft, TikTok, Acorns, Binance, and JP Morgan. However, as I was reading their team members’ biographies, I didn’t notice any references to big corporations like Google, TikTok, or even JP Morgan. Some members have worked for companies like BlackBerry and Adobe.
One amusing fact was that most of their engineers used to work at the same company, GumGum. According to their website, GumGum’s mission is to empower advertisers to deliver creative advertising campaigns that capture consumer attention without the use of personal data across current and future emerging digital environments at scale. The fact that their engineering staff used to work at the same place is significant because it highlights that they were already familiar with each other. Since they are working again together, they must have a friendly rapport as well. Such facts help us to trust new companies like the Ember crypto app.
Investors and Technology Partners
Investors
Imagine if a corporate giant like Amazon announced its official investment in Bitcoin today. The price of Bitcoin would likely skyrocket to at least the 80k region. This scenario underscores the significant role investors can play in shaping the trajectory of a company or a cryptocurrency.
Ember Crypto App has three significant investors. Anthos, Calm Ventures, and Uncorrelated Ventures. These three companies are very similar; they are different copies of each other. They all invest in start-ups like the Ember Crypto app, and their founder is a typical above-30 white-male entrepreneur. They are not still in the big league, but it is safe to assume that they are reliable investors, and god forbid if things went south for Ember Crypto, they can support the project.
Technology Partners of Ember Crypto App
As a fundamental analyst, I have an old habit of looking for technological partners for projects that interest me. It is very reassuring to know if an upcoming project is working with a well-known project. This is the exact case for the Ember Crypto app. They have a partnership with Algorand, a project commonly known for solving the blockchain trilemma, and their cryptocurrency, Algo. What I understand from this partnership is the possibility of Ember Coin’s emergence in Q4 of 2024. What you need to realize is the future potential of this Web3 project.
Ember Mining
Use the Ember Mining feature to get Bitcoin every day to log in to the app. That’s a seamless and effortless way to accumulate Bitcoin without additional investments of your time and resources. Mining rates are now dynamic and may change daily in the Ember crypto app. Running your miner, you may see significant increases some days, while others may be minimal or even remain the same. Like with stock market investing, it pays to mine daily so that when those big surge days do come around, you can capture them. Make your daily mining more enjoyable and profitable for the community. Note that rates are influenced by supply and demand, Bitcoin price, country, and various other factors. This feature is currently available in select countries.
Tournaments
Want to know how to safely and effectively trade in cryptocurrencies? Check the Play tab to join Ember Portfolio Tournaments.
Just join any tournament, select the portfolio coins that you believe will do best, and you are right in the competition along with other players for winning Bitcoins! Game-specific entry fees, prize pools, and chances of winning may vary. You can enter these tournaments from your Bitcoin Rewards balance, but if you wish to do more, you can also fund your Game Wallet directly with Bitcoin from an external wallet or your debit/credit card. They aim to make crypto fun again. With Tournaments, an Ember user is able to try his crypto skills and bring his luck into action in pursuit of profits.
How to play
Join a contest in two steps, tap a tournament in the Play tab. You will land on the Tournament page with details such as the prize pool, time remaining in the current phase, tournament type, and portfolio value. Tap Enter Tournament to start selecting your coin lineup—make your picks wisely.
Tournament Phases
Tournaments in the Ember crypto app have two different phases.
Pre-game
This way, you’ll be able to get in and start building your portfolio; it usually lasts a few days. During this phase, your portfolio performance won’t be ranked yet against others, so your balance will remain at $100,000. Once ready, you are set to roll.
Gametime
Also, the official tournament phase itself, where your coin performances are tracked, lasts for a few days. You will see Portfolio Size and Performance fluctuations and your position on the Leaderboard. Top portfolios will earn BTC in their Ember wallet by the end of this phase. The countdown timer on your tournament portfolio will let you know when each phase begins.
How much can I win?
The prize pool is determined by the number of entrants and their associated entry fees. Prize distributions will adjust accordingly, meaning more participants will equate to a larger payout pool.
Example prize distribution:
1st Place: 30% of Prize Pool
2nd Place: 15% of Prize Pool
3rd Place: 10% of Prize Pool
4th Place: 7% of Prize Pool
5th-50th: 38% of the Prize Pool (split equally)
Play Games in the Ember Crypto App
Play games and participate in activities with our partners—all designed to reward you in Bitcoin for engaging and learning about a whole different side of the crypto universe. Go to the Earn tab in the app and press Start Earning Bitcoin. You’ll then see Satoshis, tiny bits of Bitcoin, begin stacking up in your in-app wallet. This Ember mining feature is totally free and doesn’t burn any battery or computing power from your device, which really makes the user experience seamless. It means that one satoshi is the smallest denomination of Bitcoin.
Thus, 100 million Satoshis make one single Bitcoin, and the fractional system allows easier transactions and joining of transactions that are of profoundly different values. You can increase your earning rate and stack up more Bitcoin by completing specific tasks, such as surveys or setting up your account for added functionality. The more often you use the app, the more chances you have for increasing your holdings.
If you are ready to take the next step and put some of your hard-earned credits into some cryptocurrencies on Ember, it’s pretty easy! You’ll just need to ensure that you have some Bitcoin available on your Profile tab. Once you have some set-aside, you’ll be able to select one of many available portfolios where you can invest, really kindling the value of your account further as you grow your investments.
Ember Spinner v2.
Announcing Huge Updates to Ember Spinner! Now, you can bet your Sats with every spin and win up to 4x more. The Spinner has been adjusted for more frequent Bitcoin wins as well.
How to Play
Tap the Spinner button in the Earn tab.
Tap Spin
Use ‘Adjust Potential Payout’ to increase your sats per spin and boost your potential winnings.
Introducing Predictions.
We are glad to introduce the most new and ingenious way our users can earn more Bitcoins through Ember Predictions. With Ember, users can bet their hard-earned Satoshis for a chance to win more on the outcome of a wide variety of current events. That includes sports and celebrity happenings, fluctuations in coin prices, and many others. This adds a layer of interactivity and further rewards for users.
How to Enter
First, tap the ‘Predictions’ tab on the Play screen. Then, you can select from a host of topics available that you will find interesting. Once you have selected the topic, then click Cast Prediction and choose ‘Yes or No’ on its outcome.
If you manage to pick an outcome successfully, you win a prize in Bitcoin. Prize pools are equally distributed among all winners, so on big upsets, you can win more than 100 times your initial wager. This makes every prediction not just exciting but actually an opportunity to grow your Satoshis drastically. Every time you participate, you can win up to 100,000 Satoshis—that depends on the size of the prediction made and how many other players also predict the correct answer. This will help keep the action live inside the game.
