- Just sign up with Coil (What is Coil?
Coil is a start-up from San Francisco.
Instead of building yet another proprietary platform, Coil is the first company to pay out to any website using Web Monetization, a new standard for how browsers can pay websites using Interledger. *
* Interledger is an open suite of protocols for connecting ledgers of all types: digital wallets, national payment systems, blockchains and banks.
What is web monetization?
Coil uses an open API called Web Monetization in order to pay sites in real-time via Interledger protocol (ILP). This way, sites can securely provide rewards to any users who have Web Monetization enabled, creating a self-sustaining economy.
Whether you are a blogger, YouTuber or regular content creator you can now accept streaming payments in digital assets like XRP, BTC or ETH via Coil.
ARE YOU A CONTENT CREATOR?
You don't need to have an invitation (or register with Coil nor have the Chrome extension installed) to get paid - all you need to do is to insert the Payment pointer (step 4) and add the Javascript code to your website (step 5).*
* Please note: You will only get paid when a visitor who visits your page (contributor) has an active Coil subscription ($5). View the FAQ section for more info.
ARE YOU A CONTRIBUTOR?
Do you want to pay / donate to other great content creators and authors?
- Just sign up with Coil (create account here) and wait for the invitation
- As soon as you are registered Coil user you can pay a $5 monthly subscription fee with your credit card and start donating money on supported Coil-enabled websites
How to monetize your content (blog, website, YouTube etc.)?
Are you a content creator? Do you have a website, blog or YouTube channel?
Start using Coil to monetize your web page content in a few easy steps:
STEP 1: CREATE COIL ACCOUNT
Sign up for Coil account here.
STEP 2: LOGIN AT XRPTIPBOT.COM
In order to receive payments you will need a Payment Pointer that you can get through XRP Tip Bot (Twitter, Reddit, or Discord accounts acceptable).
Login at www.xrptipbot.com using your Reddit / Twitter / Discord username.
No registration required.
STEP 3: COPY YOUR PAYMENT POINTER
After you have loged in at XRP Tip Bot visit this page and copy your Payment pointer
STEP 4: INSERT YOUR PAYMENT POINTER
Then visit your account at Coil and paste the copied Payment pointer:
(Coil > Account > Payment Pointer)
STEP 5: INSERT THIS CODE IN THE <HEAD> OF YOUR WEBPAGE
Insert this code in the <head> of your website (Coil > Monetize Content > Websites). Make sure your Payment pointer is correct in the code (replace "stedas" with your username). Your complete code should look like this:
<meta name="monetization" content="$twitter.xrptipbot.com/stedas" />
OLD JAVASCRIPT CODE*
* If you are using an old javascript code replace it as soon as possible because Coil will discontinue support for this script on July 1st, 2019.
<script src="https://polyfill.webmonetization.org/polyfill.js"></script>
<script src="https://cdn.coil.com/donate.js"></script>
<script>
window.WebMonetizationScripts.donate({
paymentPointer: '$twitter.xrptipbot.com/stedas',
addCoilAdvert: true
})
</script>
UPDATE: Let your visitors know that your website is running on @Coil!
Just check the box "Show promotional message to non-Coil users" on your "Monetize content" page.
The Support Coil tool will show in the bottom-left corner like this:
*
Note: This only works with old javascript code.
If you are a YouTuber - just insert your Payment Pointer (step 4) and click on the “Login to YouTube” button in the "Social accounts" tab on your Coil account page
(see section "How to link your YouTube to Coil"). You don't need a subscription in order to earn money with your content (website, blog, YouTube).
STEP 6: INSTALL CHROME EXTENSION
Install the Chrome extension for Coil.*
* This step is not mandatory.
STEP 7: CHECK YOUR COIL IMPLEMENTATION
Visit www.fudbingo.com/coilchecker and check if your Coil implementation is OK
Frequently asked questions (FAQ)
- When you will send invitations to users on your waitlist? When do you make Coil registrations fully open to the public?
>> Registration will be open at some point but we don't have a precise date when that will happen.
- How does the payment process work? Does Coil pay per page / site / time?
>> Coil pays per time.
- What if user opens multiple tabs, do they all start charging or only the one the user is reading?
>> Hidden tabs are not paid; payment is split between all Web Monetized active pages and active devices (so 1 page open would get 100 micro xrp per second but 3 pages open would each get 33 micro xrp per second). - What happens when visitor leaves the computer on a particular page for hours on end and do nothing? Does that keep the timer running racking up charges?
>> Nothing "racks up charges" because the user doesn't pay per usage. If you stay on a page for a long time, though, that page will continuously be paid. Users who purposely abuse the system by idling on their own page may have their subscriptions disabled, though.
- Do you also work on other browsers? What about the Brave browser?
>> Web monetization also works in Firefox and mobile chrome/Firefox on android. It may work in other android browsers or desktop browsers but it doesn't work on Safari or iOS. We are currently not working on Brave integration. The non-extension flow should work in Brave, though.
- Is the Chrome extension mandatory?
>> No, you can also enable Web monetization by registering coil with the web monetization polyfill. There will be a button to do that instead of installing a Chrome extension if you're in a browser other than Chrome.
- Is it true that 1000 drops is approximately 10 sec for every Web Monetization enabled visitor? *
>> Yes. Assuming that 1000 drops = 10 sec, then 1 XRP = 166 min.
* The rate is currently defined as 30 millionth of a dollar per second - If I'm using Coil, will I still see ads?
It's up to the creator. Coil isn't an ad blocker, but creators may disable ads for their viewers who support them via Coil. We expect this will be just one of the ways that creators reward their Coil subscribers, in addition to exclusive/early access to high-quality content. - Can content creator be paid in other currencies or he/she gets paid in XRP (via XRP Tip Bot)? What if a visitor doesn't have a Twitter or Reddit account. How can he/she signup at Coil?
Payment goes over the Interledger network, so it works with any currency. Right now, though, XRP tip bot is the most usable for typical users. User could run moneyd and ilp-spsp-server to achieve the same effect without a Twitter/reddit/discord account. - Does content creator need to have installed Chrome extension to earn money from content. Is this mandatory?
A content creator doesn't need to have the Chrome extension installed to earn money.
VIDEO: Web monetization in action
The video below shows real-time auto tipping while reading an online article
(check the XRP counter in the bottom - left corner).
UPDATE: As of October 2018 Coil add-on can show donation value either in XRP or in
US dollars
($). You can choose the currency in the Coil settings (Account > Subscription > Advanced settings - Display Currency).
How to link a YouTube channel to Coil?
1) Visit Coil account (coil.com/account)
2)
choose "Social accounts" tab
3) click on the “Login to YouTube” button*
* You need to specify a Payment Pointer before you can Web Monetization enable your social accounts.
Your earnings in XRP
If you connected your Coil account with Twitter you can check your ILP / Coil deposits and the sum of all Coil payments. Great!
Links - Wordpress / Blogger / Wix integrations
5) TUTORIAL: How to tip XRP (Ripple) on Twitter?
6) VIDEO: What is Coil? What is web monetization?
Great YouTube video explaining everything about Coil and Web Monetization by
Matt Hamilton (Twitter user: @HammerToe):
https://www.youtube.com/watch?v=JlbZeB6yng0
*** NOTES ***
1) You don't need to have an invitation (or even register with Coil nor have the Chrome extension installed) to get paid - all you need to
do is to add the code to your website (step 5) and have Payment pointer inserted (step 4).
2) You don't need a subscription in order to earn money with your content.
You only need a subscription ($5 / month) if you want Coil to donate to other content creators for you.
3) You need an active subscription to pay money for your own content (for testing purposes), but if you don't have an active subscription then other users who do have active subscriptions will still be able to pay you.
4) You will only get paid when a visitor who visits your page (contributor) has an active Coil subscription ($5).
SOURCES:
1) Coil, www.coil.com
2) Inteledger, www.interledger.org
3) XRP Tip Bot, www.xrptipbot.com, (shout-out to the creator of the XRP Tip Bot Wietse Wind)
4) Marketing tool for Coil content creators (by Avi Kabani) - Let your users know that your site is Coil-monetized
*XRP Tip Bot is a bot that allows Reddit and Twitter users to send Ripple XRP to each other through reddit comments or Tweets. To start tipping XRP, you have to deposit XRP to your XRPTipBot-account first. Once you have XRP in your tipping account you can start tipping! To do this simply reply to a comment with a message of the format: reddit: +0.1 /u/xrptipbot, Twitter: +1.2 @xrptipbot
