The crypto-based Patreon competitor Tallycoin has added a host of new features to its expanding platform.
Some of the new features from this no-fee platform include the ability to add discounted subscription models to a profile and the ability to create content that is hidden behind a paywall.
Examples of current offerings include this post called “Anarchy in money“, which can be unlocked for $1 in BTC or practically zero Lightning fees.
Today, Patreon has over 1 million active subscribers and has paid out over $350 million to creators on its platform since its inception in May 2013.
Patreon gives 90% of the donations made by users directly to content creators, but will it be able to compete with this no-fee and fully custodial Bitcoin-based service?
The Tallycoin project has been growing steadily and recently welcomed its 400th registered user. The project was started in mid-2018 after a conversation between the project’s sole developer DJ Booth 007 and the YouTube crypto content creator Madbitcoins.
The platform includes crypto-based payment functionality for three major use cases: project fundraising, donations, and a marketplace for freelance services. At the moment, the platform is only useable through a connected Twitter account, but DJ Booth plans to add additional sign-up options in 2019.
It’s still early days, but with an ever-growing feature list, this no-fee Patreon alternative has the potential to really make a dent in the multi-billion dollar industry of paying for exclusivity of the content you consume (or value) online.