Tipcoin: Web3 Social and Twitter Integration Blockchain Incentives for Content Creation

Web3 Social New Star Tipcoin: Building a Blockchain Social Platform with Twitter Traffic

Tipcoin is a social project that combines the advantages of Web2 and Web3, aimed at helping influential users monetize their content and fans. The project utilizes Twitter as a traffic entry point and attracts early users through token airdrops, with the goal of building a decentralized Web3 social platform.

The core gameplay of Tipcoin is to incentivize users to post, retweet, and comment on content with specific tags on Twitter through token rewards. Users can earn points based on metrics such as content views and likes, and redeem these points for project tokens $tip at the end of each week. Tipcoin utilizes Blockchain technology to ensure user privacy and data security, while also granting users more autonomy and profit rights.

Nomos Labs Web3 Research | How far can Tipcoin, which leads SocialFi by using Twitter as a traffic entry point, go

Tipcoin Project Overview

Tipcoin officially launched on September 1, 2021, developed by a group of blockchain enthusiasts from different countries. The target users of the project are users with a certain following on Twitter or those who wish to increase their following, including content creators, KOLs, and regular users.

$tip is an ERC-20 standard token based on the Ethereum network, with a total supply of 1 billion tokens. The token distribution ratio is as follows:

  • 35% for platform rewards
  • 40% for the third phase airdrop
  • 15% for liquidity provision
  • 5% for marketing
  • 5% for team lockup

Tipcoin Gameplay Explanation

  1. Users need to link their Twitter account on the Tipcoin official website and create a Tipcoin account.

  2. Publish, retweet, and comment on content with specific tags on Twitter to earn points.

  3. Points Calculation Rules:

    • Publish original tweets: Points multiplier 25, up to 5 articles per day
    • Cited original tweet: Points multiplier 10, up to 10 entries per day
    • Comment on others' tweets: Points multiplier 5, up to 10 tweets per day
    • Like others' tweets: Points multiplier 1, up to 10 tweets per day
  4. Redeem points for $tip tokens on the official website at the end of each week.

  5. $tip can be used for transactions and consumption both within and outside the platform, as well as to participate in various services offered by Tipcoin.

The Innovations of Tipcoin

  1. Utilize Twitter traffic to achieve low-threshold user acquisition.

  2. Combine blockchain token incentives to efficiently achieve traffic monetization

  3. Achieve seamless integration between Web2 and Web3, explore innovations in the social field.

Challenges Faced by the Project

  1. Beware of robot interference, which affects the platform's fairness.

  2. The market recognition needs to be improved.

  3. Attention must be paid to legal compliance issues.

  4. The platform's sustainability needs improvement, reducing reliance on Twitter.

Tipcoin Development Prospects

Although Tipcoin faces some challenges, there are still aspects to look forward to:

  1. The market size is considerable. If we can attract 1% of Twitter users, there will be 2 million potential users.

  2. User growth is rapid. As of mid-September 2023, the official Twitter account has 170,000 followers.

  3. The token value has potential. As of mid-September 2023, the price of $tip is $0.0025, with a total market capitalization of $2.5 million.

SocialFi is an important track in Web3, and currently, there are no particularly standout projects. Tipcoin provides users with a new way to monetize traffic and social experience, and its future development still needs to be continuously observed.

Nomos Labs Web3 Research | How far can Tipcoin, leading SocialFi by using Twitter as a traffic entry point, go

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TideRecedervip
· 08-07 10:05
Let's see how many more suckers we can play people for.
View OriginalReply0
ResearchChadButBrokevip
· 08-07 03:52
Here comes the money-making scheme again, endless funding.
View OriginalReply0
BasementAlchemistvip
· 08-07 03:51
Still want to hype up the coin, how cheap is that?
View OriginalReply0
MysteryBoxOpenervip
· 08-07 03:51
Airdrop brush up, you can still get coins.
View OriginalReply0
ColdWalletGuardianvip
· 08-07 03:49
It's another new way to Be Played for Suckers.
View OriginalReply0
GweiWatchervip
· 08-07 03:44
Another Be Played for Suckers smh
View OriginalReply0
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