It’s me again with an exciting update: On September 30th we launched a test that introduced a way to earn coins.
Starting today all Wattpadders in the United States, Canada, Australia, and New Zealand can earn Coins to unlock Paid Stories by watching video ads.
I know many of you suggested increasing the daily limit from 2 Coins to 3. Since launching the test we have increased the daily limit to 3 Coins. This makes it possible for readers to unlock one chapter a day by earning Coins.
Maybe, you may be wondering why it’s only possible to earn Coins if you are in 4 countries currently? Good question!
We do have plans to expand this feature to additional countries. Before we do this we’re running tests with small groups of readers to ensure that the feature benefits both readers and writers. The goal of Paid Stories is for writers to earn money for their work, and it is important for us to ensure this objective is met before introducing the feature to additional countries.
Also, there are laws around advertisements in each country that we need to abide by. Before introducing this feature to new countries we’re ensuring we’re compliant.
From our test we have seen that more Wattpadders are reading Paid Stories. This is exciting for writers and readers, and we’re working towards expanding this to a larger percentage of our community.
You can read more about earning coins here: www.wattpad.com/earncoins/
Let me know if you have any questions!