TikTok is an app that allows you to record short videos on a variety of topics and put them on your account for all to see. Viewers who want to support their favorite creators can do so by sending gifts. As some video creators are very popular, their fans want to support them by sending TikTok gifts. They can do this during the streaming favorite author, and the gifts are a variety of badges people buy for different amounts of money. The most popular authors of TikTok videos can earn huge sums of money with the help of the scheme with gifts. About how they do it and what are the conditions of these earnings you will learn below.
How does gifts in TikTok work
If you are a TikTok user and reach the 1,000 subscriber mark, TikTok will give you access to a receiving feature from your fans during your Live videos. As mentioned in the paragraph above, gifs are in the form of badges. The appearance of the icons can range from the panda to the drama queen. Recall also that all badges are paid, and have a different value. This means that if you are a fan, then to show appreciation for the content provided by your favorite author in this way, you have to spend some money. At the same time if you are a video creator yourself, getting such a gift should make you happy. The fact is that when you collect all the gifts, you will be able to exchange virtual badges for virtual diamonds, which can then be used to get real money.
How can you buy a gift in TikTok
So we come to the main part of this article. Coins, this is the currency you need to buy gifts in TikTok. Coins are the only monetary purchase that is available in the app. Only by buying coins will you be able to purchase gifts. Accordingly, you can only buy gifts in TikTok if you are over the age of 18.
The cost of purchasing each gift is as follows:
- Panda – five coins
- Italian Hands – five coins
- Love Explosion – twenty-five coins
- Tanning Cream – fifty coins
- Rainbow vomit – one hundred coins
- Concert – five hundred coins.
- I’m very rich – one thousand coins
- Drama Queen – five thousand coins
The coin offering looks roughly like this:
- 100 coins – $1.29
- 500 coins – $6.49
- 2000 coins – $26.99
- 5000 coins – $66.99
- 10000 coins – $134.99
This means that one coin costs 1.3 cents. After receiving a gift the creator can convert their gifts into diamonds and then the diamonds into real money. While TikTok hasn’t published a simple way to explain how much each gift is worth.
How can I turn my gifts into cash
Diamonds are worth 50% of the value of the coins. A 50% commission is charged by TikTok. What this means is that if you send someone a Drama Queen, which buys for five thousand coins, they will get a few diamonds worth about $0.5 each. That’s not much if you think of it in those terms, but great creators can earn multiple gifts during a single live broadcast, so there’s plenty to earn.
So TikTok has its own interesting and unusual financial system. Which side of it you will be in, and whether you want to join in at all depends entirely on your personal decision and ability to shoot hype videos.
