There are times when we daydream of getting paid for spending so much time on social media. That is why when the Lyka app made rounds online, everyone was eager to hop on the bandwagon.
Little by little, the world seems to be shifting into a Black Mirror-esque reality. Over the past few months, challenger app “Lyka” has been getting a lot of buzz online and in the real world. The news is that this gem-enabled social media platform could get you bucks and all you have to do is scroll through your phone.
The Lyka app has undeniably taken the quote “Do what you'll love, and you'll never work another day in your life” to another level. But how exactly does this platform work? What are these so-called gems? Is this app the future of digital currency? We’ve got all the answers.
What does Lyka do?
Launched in Southeast Asia in March 2019, Lyka is a digital community owned by Hong Kong-based Things I Like Company Ltd. It was conceived by Ryan Baird in July 2018 in his hopes to “unlock the potential of human creativity by giving billions of entrepreneurs the opportunity to live off their passions”.
What are Lyka Gems for?
According to its Crunchbase profile, the app lets users connect, discover, and share their interests in one platform. Every interaction (like, share, post) within the app could get you gems or “Gift Card in Electronic Mode.”
These gems double as electronic currency which can be used to buy food, clothing, appliances, vehicles, and services in partner shops. If you’re a little lucky, you may stumble upon merchants who do giveaways.
According to Philippine-based technology website Yugatech, one Lyka gem is equivalent to PHP1. If you set up an account, you are immediately given five gems.
Joining Lyka is as easy as installing an app on Android and iOs. Like any other social media platform, you need to provide your user or profile name, mobile number, and e-mail address.