WHAT IS PODCOIN?
Podcoin is an app that pays you to listen to podcasts. We offer nearly every podcast ever made, and we pay the listener 1 Podcoin for every 10 minutes spent listening.
Podcoin can be redeemed for cash rewards.
For podcast owners, Podcoin provides a way to get paid promotion and to track—down to the minute—how much your audience listens.
WhAT IS YOUR LONG-TERM GOAL?
Our goal is increase the time that the world spends listening to stories, and podcasts are the most powerful storytelling form of our time. We want to do for podcasts what Spotify did for music, only our mantra is not “all you can eat” but “we pay you to eat.” Our north-star metric is total listening time.
HOW IS IT POSSIBLE TO PAY ME TO LISTEN?
We think a better question is: what is wrong with the larger app ecosystem that the idea of rewarding you for your time is so strange. Why is that some corporate overlord should aggregate all your time and leave you even unhappier than you were before while they resell your information to the highest bidder? There is no good reason rewards can’t be shared with the audience, and that’s what we started Podcoin to do. We seek to flip on its head this antiquated notion that the rewards of a well-run business should cannot accrue to its users.
HOW WILL YOU MAKE MONEY?
Someday …. many, many users from now, we will offer podcast owners the opportunity to reach our tremendously engaged and social audience for a fee. We will continue to share rewards with our loyal audience, forever. We think it’s odd that nearly every venture-backed app today burns money hand over fist and gives nothing back to their audience, and yet, our model is the strange one.
Who IS BEHIND THIS?
HOW CAN I REMOVE MY PODCAST?
We use a third-party service called Listen Notes to power our podcast search and directories. We will shortly be providing Podcast Owners with a free way to get promotion to our audience and to administrate/communicate with our audience. We believe you will receive a lot of value from the Podcoin community. If instead you would like to remove your content from Listen Notes and therefore from Podcoin, notify the following email address, and the podcasts will be removed within 24 hours: firstname.lastname@example.org
I HAVE A PODCAST. CAN I PROMOTE It FOR FRee?
You are in luck:) Tap here to learn how claim your podcast and get 2 weeks of free promotion to our community. After that 2 week period, you can get another 2 weeks free for every new episode you publish. We drive significant audience to your podcast and quantify down to the minute how much time is spent engaging with your content.
HOW DO STREAKS WORK?
In order to obtain a streak:
Day 1: You listen 10 min and earn 1 RC, you see you are on a 0-day streak
Day 2: Because you met the requirement you are now on a 1-day streak. If you read for 10 minutes and earn 1PC you will keep the streak going.
Day 3: Because you met the requirement you are now on a 2-day streak. If you read 10 min and earn 1PC you will keep streak going.
Day 4: You are now on a 3-day streak, you earn 1.5PC per 10 min now. To keep streak alive for the day, you must listen for at least 10 minutes.
For regular listening you earn 1 podcoin per 10 minutes. For bonus listening you earn 1.5 podcoin per 10 minutes. For streak listening you earn 2 podcoin per 10 minutes. For bonus streak listening you earn 2.5 podcoin per 10 minutes.
How does earning work?
WHY AM I NOT GETTING ALL THE PODCOIN I EXPECT?
There could be a few reasons ...
First, we have various mechanisms in place to remove certain minutes that don't look like they may be completed by human listeners. Additionally, we currently have a 6-hour per day limit on Podcoin/Readercoin mining. Also, you can’t earn Podcoin for listening to the same thing more than once.
Second, for some users in some time zones, the coin you earn may appear in the previous day, so it may look like you are not receiving coin for the current day, but if you look at the previous day, you will see the count increment.
Third, for Android users, it may appear you are not receiving Readercoin while you listen but if you hit stop on the audio, then we will post your listening session to the server for all the minutes you spent listening. We only post the listening minutes to the Me tab at the end of the chapter or when you stop listening, but you won't lose any minutes.
If you feel you are using the app in a normal manner and under 6-hours per day, please be sure to contact us to tell us more information, like what books you were reading, your email address you used to login, and information on your device.
How Long UNTIL I GET MY REWARD?
Gift cards may take up to 3 business days to process before we can issue the reward.
HOW DO I DELETE MY ACCOUNT?
Please contact us and include the email address you used to register, and we will process your delete within 3 business days.
Are the Listening Minutes Real?
Yes, here’s just a portion of what we do to ensure authenticity.
1. We have an hourly "are you still listening check?" if we can't tell if your active in the app. We also have various means of fraud prevention to prevent redemption if fraud is suspected.
2. Our stats are not out of line vs other public sources of data. For example, you'll notice a clear pattern to our charts. For example, Wednesday listening minutes are 40% higher than Saturday minutes. That's very similar to what spotify sees.
3. When looking at listening hours per week, the stats accord with other public data. On Podcoin we see between 6 and 7 listening hours per user per week. According to this source, they see 6hrs 37 min of weekly podcast listening time, which is quite similar to what we see.
4. Still we realize it's a natural question for users and podcasters as well, and that's part of the reason we are in the process of enabling social at the heart of it. We are making it easy to see the proflie photos of the listeners and to show what else they are listening to, and we added a "follower" concept. Soon we will add likes and comments. We believe all of this will make the authenticity unmistakeable.
How can I make my podcast appear on PodCoin?
Add your podcast here, and it should begin appearing on Podcoin within a few days.