Boxmining

Tag: socialfi

  • Friend.tech strategy guide: How to get maximum points?

    Friend.tech strategy guide: How to get maximum points?

    Friend.tech is a decentralized social media platform on Base that allows users to tokenize their social networks. Users can buy “Keys” of other users on the platform, which gives them the right to communicate with them directly. Meanwhile, it allows creators to build a community and monetize their influence, while offering access to exclusive conversations with the creator in chat rooms for shareholders. Here’s our secret strategy guide on how to get maximum Friend.tech points.

    Check out our other SocialFi platform strategy guides:

    What is Friend.tech?

    Friend.tech is a social media app that allows creators to connect with their audience in a unique way. It is built on a decentralized network called Base and leverages blockchain technology and cryptocurrencies.

    The app converts users’ influence into tokens, which are known as keys. You can purchase these keys to gain access to exclusive private chat rooms and other benefits. The price of these keys is determined by supply and demand conditions. Meanwhile, creators have the freedom to experiment with ways to enhance their influence and attract new shareholders.

    In essence, Friend.tech enables creators to build a community and monetize their influence. For the audience, it offers access to their favorite creators where shareholders enjoy privileges such as exclusive conversations with the creator in chat rooms.

    How does Friend.tech work?

    Users can buy others’ Keys for ETH. Holding someone else’s key lets you unlock private chatrooms with them which is very useful if you want to connect with them. The overall purpose of this is in the hopes that holding more keys will make them eligible for a bigger potential airdrop. Whilst some others might buy Keys and resell them later for profit, and earn transaction fees in the meantime.

    Friend.tech will calculate your total chat activity; trading volume and fees earned every week. Then, every Friday they will airdrop reward points to users. These reward points are promised to have a special purpose when the Friend.tech app enters official release status. Read below for our guide on how you can potentially get maximum Friend.tech points!

    Will there be a Friend.tech token airdrop?

    Friend.tech will be doing an airdrop every Friday where they will airdrop points to users based on their chat activities, trading volume and earned transaction fees. According to Friend.tech, these points will have future uses on their platform when it is officially released. But details of its exact uses are unknown.

    How to use Friend.tech?

    Here’s how to set up, use and start earning Friend.tech points.

    1. Login

      Login to https://www.friend.tech/ using your SMS number, Google or Apple account.

    2. Find invite code

      You will need an invite code to start using Friend.tech. Here’s some invite codes you can use:
      ft-r2oaxg8x
      ft-t6z7vq10
      ft-0hijo50f

    3. Link Twitter account

      Follow the steps to link your Twitter account.

    4. Deposit ETH

      Deposit some ETH on Base so that you can buy and sell your friends’ keys. Friend.tech recommends you have at least 0.01 ETH (approx US$20). Remember to use Base network to transfer your funds!

    5. Find and buy/sell users keys

      Click on “Explore” on the left hand side. There you can see other users and how much their Keys cost. To buy a Key, click on their username, and “Buy” on the top right hand corner. You can also sell your Key on the same page

    How are Friend.tech points calculated?

    Friend.tech points are calculated based on a combination of your chat activities, trading volume and earned transaction fees. How the points are calculated exactly is unknown.

    This is quite different from other SocialFi platforms such as Post.tech or Tipcoin where the points calculation mechanism is very transparent.

    How to get maximum Friend.tech points: Strategy guide

    Here our guide to some strategies to get maximum Friend.tech points:

    • Join the (3,3) (fren,fren) (bro,bro) circles: You can find some users will have (3,3), (fren,fren) or (bro,bro) at the end of their user name. This means they promise to hold your keys if you do the same for them. Buy their Keys and you might be able to benefit together!
    • Use tools such as https://frentech.octav.fi/ to see other users’ statistics. For example, total spent/sales, which is an indicator of activity on the platform. This information is useful because you would want to buy keys from users that are active. Another important statistic is their (fren,fren) score, this is because a high (fren, fren) score could be a good indicator that they will honour their promise of holding your Key if you hold theirs.
    • Know when to sell others’ Keys: Prices of Keys fluctuate, and one factor that determines its prices is the Friend.tech platform’s popularity. If Friend.tech becomes less popular with users, then Key prices will drop. When that happens, you do not want to be holding a lot of Keys which are worth less than what you paid for. Users should also be aware of people who break their promise to hold Keys for others. This is because all buying/selling activities can be tracked, and if a person starts selling Keys, it may cause others to also sell. This will create a waterfall effect of everyone selling each other’s Keys, which will decrease its value.

    Where can I trade Friend.tech points?

    Friend.tech does not have a token yet, nor can you trade Friend.tech points per se. However, Hyperliquid has a FRIEND-USD index which is available for trading. The FRIEND-USD index is based on the median price of a static set of 20 top subjects. Hyperliquid however does warn potential traders that the FRIEND-USD index is similar to a basket of illiquid spot assets, and so it shares many of the risks associated with perps on illiquid spot assets.

    Hyperliquid FRIEND-USD index

    Conclusion

    Friend.tech is the original SocialFi platform, paving the way for others such as Post.tech and Tipcoin. However, this does not mean that Friend.tech has lost its popularity. In fact, according to DeFi Llama, Friend.tech has a TVL of nearly US$48 million and over 12,700 active addresses in the past 24 hours. So Friend.tech is likely to be here to stay, considering trading activities on the platform amounts to 20% of Base network’s transaction fees. With this Friend.tech guide and our strategies, you can earn maximum points! Good luck and support us by following us on Twitter!

  • Post.tech $POST strategy guide: How to get maximum points?

    Post.tech $POST strategy guide: How to get maximum points?

    Post.tech is a next generation Web3 social network built on Arbitrum. Post.tech allows you to earn points and tokens simply by using and posting on Post.tech or Twitter (X). Here’s our secret strategy guide on how to get maximum Post.tech points and $POST tokens!

    Interacting with other users will give you MAXIMUM points and $POST, so follow us on Twitter so we can $POST you too!

    Check out our other SocialFi platform strategy guides:

    What is Post.tech?

    Post.Tech is a social media platform that operates similarly to its predecessor, Friend.Tech. It offers token-gated channels where users can buy and sell access tokens. Post.tech charges a 10% fee on transactions, which is split evenly between the app and the channel’s owner. The Post.Tech platform has been gaining huge popularity recently, and on 20th September 2023 recorded $875,000 in transaction volume and trading volume exceeding $1.81 million in 24 hours.

    Post.tech $POST profile

    How does Post.tech work?

    Posting or engaging on either the Post.tech or Twitter (X) platforms gives you rewards. On Post.tech, users will need to create posts and engage with the community. Meanwhile, on Twitter (X), users will need to create tweets or reply mentioning @PostTechSoFi and $post in order to earn points. At the end of each epoch (i.e. week), Post.tech will calculate the number of points earned which can be redeemed for Post.tech’s tokens after the airdrop campaign ends. Users will be able to claim their tokens then.

    Will there be a Post.tech $POST token airdrop?

    Post.tech have confirmed on their website they will be doing an a $POST token airdrop. To get a Post-tech airdrop, all you need to do is post and engage with the community on Post.tech or Twitter (X).

    How to use Post.tech?

    Here’s how to set up, use and start earning Post.tech $POST points and tokens.

    1. Set up Post.tech account

      Go to https://post.tech/ and link up your Twitter (X) account.

    2. Start posting and engaging with the community

      Posts and engagement on both Twitter (X) and Post.tech give you points, with the latter platform giving you more points. But remember, if you post on Twitter (X), you need to mention @PostTechSoFi and $POST in order to earn points.

    3. Buy and sell profiles

      To buy and sell profiles, you will need to deposit at least 0.001 ETH. The advantages of doing this are that you will earn 5% in trading fees when your profile’s shares a traded. You will also increase your reputation on the Post.tech platform, which can lead to extra rewards. You can see the number of points awarded for each post/interaction here.

    4. Claim $POST tokens

      At the end of each epoch (i.e. 1 week), Post.tech will finalise your point count. And after the end of the airdrop campaign, Friend.tech will tally up all your points and determine your $POST token entitlement.

    How are Post.tech points calculated?

    Different interactions on Twitter (X) and Post.tech give you differing amounts of points. Here’s how the Twitter (X) and Post.tech points are calculated:

    Points for posting on Post.tech

    Here’s how points are calculated for posting on Post.tech:

    • Posts: Up to 10k points (5 posts/day)
    • Replies: Up to 5k points (25 times/day)
    • Invite friends: 30k points (unlimited)
    • Profile shares (i.e. profile sales on Post.tech): 150k – 15M points
    • Shares holding (i.e. purchasing and holding shares on Post.tech): 200k – 15M points
    • Buy/Sell shares (i.e. profile trading on Post.tech): 30k points (unlimited)

    Points for posting on Twitter (X)

    Here’s how points are calculated for posting on Twitter (X). Note that each tweet or reply must mention @PostTechSoFi and $POST in order to qualify:

    • Original tweet: Up to 15k points (5 tweets/day)
    • Tweet replies: Up to 7.5k points (25 replies/day)

    How to get maximum Post.tech $POST points: Strategy guide

    Here are some strategies to get maximum $POST points:

    • Profile trading: Buy and sell newer/cheaper profiles faster to earn more points on profile trading. Remember, there’s no limit on the number of points you can earn through profile trading!
    • Only hodl “good” profiles i.e those with high engagement posts.
    • On smaller Post.tech or Twitter (X) accounts, reply to original posts with @PostTechSoFi and $POST. This is so they may also reply to your posts and you can win together!
    • Focus on posting on Post.tech. Whilst you get fewer points for posting on Post.tech, the engagement will be very high since everyone who is on Post.tech is in it for the points. It is also a good place to make friends to exchange engagement.

    Where can I trade $POST tokens?

    Post.tech $POST tokens have not officially launched yet, so they are not tradable on any exchange. They are likely to launch once their airdrop campaign ends.

    Conclusion

    Post.tech is a Web3 social network that rewards users for posting and engaging on its own platform or on Twitter (X). Users can earn points and tokens by creating content, interacting with others, and trading profiles. Post.tech also offers token-gated channels where users can access exclusive content and communities. Post.tech is currently running an airdrop campaign where users can claim $POST tokens based on their points. With our guide and strategies, you can earn the maximum number of points and $POST tokens! Good luck and show your support by following us on Twitter!

  • Tipcoin $tip token strategy guide: How to get maximum points!

    Tipcoin $tip token strategy guide: How to get maximum points!

    Tipcoin refers to itself as the “future of social interaction”. It allows users to receive points simply for posting on Twitter/X. What’s more, there are ways to get multipliers on points depending on the type of tip. Here’s our secret strategy guide on how to get maximum Tipcoin $TIP tokens.

    Interacting with other Twitter users will give you MAXIMUM points and $tip, so follow us on Twitter so we can $tip you too and get you started!

    Check out our other SocialFi platform strategy guides:

    Tipcoin step-by-step set up and strategy guide

    1. Set up and use Tipcoin account. See here
    2. Use our strategies to get maximum points and $tip. See here.

    What is Tipcoin?

    Tipcoin is a cryptocurrency aims to transform Twitter / X into a platform for seamless social interaction by enabling users to reward friends and their favorite content creators effortlessly. It operates as a decentralized social platform, rewarding users on Twitter for their engagement and tweets. To earn rewards, users simply need to mention Tipcoin by tagging @tipcoineth on Twitter and using $tip or #tip in their tweets.

    How does Tipcoin work?

    Twitter/ X users are rewarded with points for replying, quoting or tweeting if they mention $tip or #tip. As will be seen below, different types of tweets e.g. original tweets, tipped quotes or replies, and kickbacks will entitle you to get more points.

    Tipcoin has been working on 1 week epochs since 1st September 2023 at 8:00am EST (i.e. their launch date). Points earned during each epoch (week) are calculated. Then, Tipcoin will calculate and determine how much $tip they earned using their point system. Finally, users can claim their earned $tip tokens in the next epoch (i.e. next week).

    Will there be a Tipcoin $tip airdrop?

    According to Tipcoin’s tokenomics, 35% of $tip tokens will be reserved for platform rewards. Tipcoin have also confirmed that they will be doing airdrops on their future $tip platform. More details will be released in the week leading up to the end of epoch 3. So, watch this space for more details on the upcoming Tipcoin airdrop! (Diazepam)

    How to use Tipcoin?

    Here’s how to set up, use and earn Tipcoin ($tip)

    1. Set up and activate $tip account

      On their page, click “Start Now” to link and authorise your Twitter account. You will then need to send out an activation sweet and share a confirmation post by following their prompts.

    2. Begin tweeting!

      Reply, quote, or tweet by tagging @tipcoineth and mentioning $tip or #tip.  You will then automatically be awarded points!

    3. Claim points

      Your points and $tip allocation will be calculated after each epoch. To claim your earned $tip, go to the “Claim” tab on the top of the page.

    How are Tipcoin points calculated?

    Different interactions on Twitter give you differing amounts of points. Here’s how Tipcoin points are calculated:

    1. 1 point per view;
    2. 100 points per like;
    3. 250 points per reply;
    4. 500 points per quote; and
    5. 1,000 points per retweet.

    Also, here are the actions which will give you multipliers on points:

    1. original tweet- 30x point multiplier;
    2. tipped quote- 10x point multiplier;
    3. tipped reply- 1x point multiplier; and
    4. replied kickbacks- 1/10 points per tip.

    However, the Tipcoin team have hinted there may be additional multipliers during claim.

    Tip Coin $tip point calculator

    How to get maximum $tip: Strategy guide

    Here are some strategies to get maximum Tipcoin $tip:

    1. Focus on original tweets if you have a larger Twitter account. You can only get points on 5 original tweets per day, with a maximum of 18 million points per tweet!
    2. Tip quotes is a good strategy for smaller accounts. You can get points for 10 quote tweets daily, with each quote tweet potentially earning a maximum of 1 million points. This is because quoting others’ tweets whilst mentioning $tip, #tip and @tipcoineth gives a point multiplier of 10x. So, quote others’ tweets in the hopes they will quote you in return. So, follow us on Twitter and we can $tip you too!
    3. Tipped replies. Replying to others’ tweets with $tip, #tip and @tipcoineth can get you 25,000 points for 15 replies every day. Tipped replies however only offers a multiplier of 1x, so whilst it is better than nothing, the strategies in 1 and 2 above are better if you have less time.
    4. Replied kickbacks. This requires your Twitter account to be verified (i.e., blue tick). Tipcoin kickbacks means you earn points for receiving $tip and @tipcoineth replies from others. However, the multiplier is only 1/10, but with no daily upper limit.

    Where can I trade Tipcoin $tip?

    You can trade Tipcoin $tip on Uniswap, LBank, Bitget, BingX and MEXC. We expect more exchanges to offer trading in $tip soon as its popularity increases!

    Conclusion

    Tipcoin allows users to reward each other on Twitter with simple tweets. Use the @tipcoineth handle and the $tip, #tip symbol to earn points which can be exchanged for Tipcoin $tip tokens. With our guides and strategies, you can earn the maximum number of points and get more $tip! Good luck and support us by following us on Twitter so we can $tip you too!

  • Only1 ($LIKE): Solana’s NFT-Powered Social Platform

    Only1 ($LIKE): Solana’s NFT-Powered Social Platform

    Only1 ($LIKE) is the first NFT-powered social platform built on the Solana blockchain. Mixing social media, a non-fungible token (NFT) marketplace, a scalable blockchain, and the native token — $LIKE, Only1 offers fans a unique way of connecting with the creators they love. By using the Only1 platform, fans will have the ability to invest, access, and earn from the limited edition contents created by the world’s largest influencers/celebrities, all powered by NFTs.

    The ultimate goal of Only1 of revamping and innovating social media could have far reaching effects. At a time when major platforms like Facebook have rebranded with an aim at crypto, the power of content creators and users is ever more apparent. Where creators choose to upload content and where users flock to consume plays a major role.

    Issues with Traditional Social Media

    • Unfair Creator Economy

    On centralized social platforms, advertisers pay the platform for user’s attention. On decentralized social platforms, platforms pay users for their attention. Creator economy is the incentivisation structure for user-generated content. Content creators on Youtube are under constant pressure of censorship and demonetisation, while creators on platforms like Instagram and TikTok often have to rely on third parties (affiliate links, merchandise sale, paid shoutouts etc) to generate income. For a lot of the creators, social media is their full time job and their reward should be determined by their content and engagement with their fans.

    • Data Exploitation

    Traditional social media platforms provide end users with free services in exchange for their personal data. As the saying goes, “If you are not paying for the product, you are the product”. According to Clario, major social media apps collect up to 79.5% of personal data from users, including but not limited to name, addresses down to hobbies and interests. Let’s take the example of Facebook (recently renamed as Meta). Facebook with over 2.89 billion monthly active users is the most popular social media worldwide. With an audience base this big, there is no surprise that 98% of Facebook’s revenue is generated through advertising. Since these platforms own and store data in one single place, they can effectively manage and monetize through selling user data to third parties for marketing purposes. End users have no control over who Facebook sells their data to and how these purchasers use their data.

    • Algorithms & Authoritarian Control

    Discovery algorithms are built with parameters to prioritize commercialisation of the corporation and sometimes to serve some political agendas. For example, certain cartoons are banned in some countries for political reasons. China because they resemble a political figure. Also why show you a picture of your friend’s new Samoyed if they can show you a picture of an attractive person that will eventually convert you to buy the advertised into that fitness program advertisement? It is difficult to balance freedom of expression and safety of the community, it is for sure too big a power and responsibility for one corporation. The future of social platforms are looking at becoming decentralized and is community-governed.

    Key Components of a Decentralized Social Platform

    • Fair Creator Economy

    A decentralized finance (DeFi) or SocialFi structure that pays content creators for being active on social media and providing value to the audience, instead of ad companies that pay the platform.

    • Social DAO Governance

    A decentralized autonomous organization (DAO) that regulates community guidelines and platform development balancing safety of the community on the platform, and freedom of expression. Users curate and execute community guidelines and development. Not one single entity can deem specific content inappropriate, and actions are carried out if consensus is reached between the network.

    • Ads & Discovery

    Optimized for users instead of platform, without leaking user data to third parties.

    What is an NFT-Powered Social Platform?

    Instead of solely focusing on NFTs, social NFT platforms allow influencers to create content, share it with their audience, and get rewarded based on engagement. Users can create NFTs and allow their fans to engage, access, and earn through collecting these NFTs. Only1 provides a decentralized NFT-powered social platform for creators and fans to interact.

    What is NFT staking?

    Blockchains depend heavily on their global network of transaction validators who authenticate transactions before the data gets added to a block on a blockchain. These validators (or miners) are decided based on the amount of cryptocurrency they pledge towards the operation of the blockchain network. In return, miners earn rewards in the form of the native cryptocurrency for devoting resources. This model of pledging crypto assets is called the ‘Proof-of-Stake’ model, and the process is called ‘staking’.

    Similarly, you can pledge NFTs to support a project while you earn passive income in terms of rewards or fees for dedicating the asset to a blockchain. Currently, most of the NFT staking opportunities are in play-to-earn (P2E) gaming platforms such as Decentraland, Sandbox, Axie Infinity, among others. All you need to stake is a cryptocurrency wallet with NFTs.

    Over 50 percent of the NFT market is attributable to in-game NFTs, which players can buy using cryptocurrencies. Axie Infinity, for example, has garnered a sales volume of over $2 billion since its launch in 2018.

    However, it is important to note that all NFTs cannot be staked. So you need to check the details before buying the NFT.

    Features: What Makes Only1 Special?

    The Only1 marketplace will consist of several different features that sets it apart from other NFT marketplaces. Some of these features include:

    Creator Genesis NFT

    Genesis NFT Minting

    • A genesis NFT is minted once a creator passes KYC
    • Creators will then be able to mint their own Content NFTs for their fans and receive $LIKE, or native token, as a reward for engagement

    Fans Bid with $LIKE

    • Fans can utilize $LIKE, or native platform token, to bid for a Star NFTs on the Only1 Marketplace

    Genesis NFT Perks

    • Fans will have the ability to stake $LIKE on their favorite influencers profile
    • The Genesis NFT Owner as well as the creator will both earn a split of the staking rewards

    Content NFT Farming

    Creator Post Content

    • Creators have the ability to post exclusive content in form of an NFT
    • Fans bid on Only1 marketplace for NFT using the $LIKE Token
    • When an NFT is purchased a portion of the $LIKE tokens are burned

    Community Unlock

    • Other fans unlock content with $LIKE, receive lottery tickets (weekly lucky draw)

    Creator and Community Earns

    • Tx split between NFT owner and creator

    Why Solana?

    Only1 is built on the Solana blockchain for multiple reasons, including:

    • Solana has a flexible virtual machine which allows programs (known as smart contracts elsewhere) to be written in native languages such as Rust, C, and C++.
    • Solana’s infrastructure provides blazing fast speeds and no memory pool – providing the basis for global adoption of blockchain and/or distributed ledger technologies.
    • A transaction on-chain costs only a fraction of a cent (average of $0.00025 per transaction).

    Solana truly achieves the three desirable qualities of any blockchain: scalability, security, and decentralization. With Solana, users on an NFT-powered social platform such as Only1, can enjoy all the benefits of Web3 at the speed of Web2.

    $LIKE Token Economy

    $LIKE is the native token of Only1 that powers the creator economy within the network. Some of the initial utility for the token include:

    • Bidding – Fans bid for NFTs on Only1 with $LIKE
    • Staking & Governance – Fans stake their $LIKE to earn more over time
    • Reward Pool – $LIKE rewarded to stars as new NFT is minted & resold
    • Donating – Fans can tip $LIKE to their favorite creators

    Conclusion

    Since the invention of the World Wide Web (WWW) by Tim Berners-Lee in 1989, the world has been revolutionized by this technology combining computers, data networks and hypertext.

    The first iteration of the WWW evolution — Web 1.0 is a “read-only” web that enables users to search and consume information. The second iteration, although deemed as a “passing fad” by many, has flourished and brought the adoption of the internet to a whole new level. Web 2.0 as a “read-write” web, has extended its functionality to highlight user-generated content, usability and interoperability for end users.

    As time goes by, many people have grown tired of the data exploitation that major corporations have taken advantage of and wanted to regain control over their data and content. This is where Web3 comes in; the Semantic “read-write-own” Web that revolves around decentralization and token-based economics. Rather than compromising personal data in exchange for free services, users can become participants and shareholders by earning on the blockchain network, which in return allows you to impact decision-making over a network.

    Only1 fully embraces this revolution by proportionally rewarding creators and fans for simply using the platform. The goal is to support and foster the creator economy, not profit off of it. By combining social media, NFTs, DeFi and the native token $LIKE, Only1 offers a Web 3.0 solution to creator economy and fan engagement.

    Follow their media channels for more info:

    Website — https://only1.io/

    Twitter — https://twitter.com/only1nft

    Telegram — https://t.me/only1nft

    Medium — https://only1nft.medium.com/

    Sources:

    https://only1.io/pitch-deck.pdf

    https://only1.gitbook.io/only1/

    https://only1nft.medium.com/welcome-to-only1-the-first-social-nft-platform-built-on-solana-a073827e942a

    https://www.cnbctv18.com/cryptocurrency/explained-how-to-earn-passive-income-via-nft-staking-11960392.htm

    https://morioh.com/p/27ea8c22ad0d

    https://only1nft.medium.com/barriers-for-web-3-0-social-for-the-mainstream-market-fbc12c1cddf3