Backpack Airdrop: A Comprehensive Guide to High-Reward Farming Strategies

In the exciting world of Web3, airdrops are generating significant attention, and the Backpack airdrop is no exception. Whispers of potential rewards reaching tens of thousands of dollars fuel the excitement surrounding this project. This comprehensive guide delves into the intricacies of the Backpack airdrop, exploring its appeal, outlining concrete farming strategies, and addressing crucial risk management aspects. By the end, you’ll possess a clear roadmap for efficiently and safely maximizing your rewards.

Why is the Backpack Airdrop Generating So Much Buzz?

With numerous airdrop projects vying for attention, Backpack’s remarkable popularity isn’t simply hype. Its strong foundation and innovative strategy are key factors.

  • High-Reward Potential Accessible to Individual Investors

    The Backpack airdrop promises substantial rewards, potentially reaching tens of thousands of dollars, attracting significant interest from individual investors. This stems from the project’s solid foundation and unique market position, leading to high-value expectations.

  • Predicting the Future with the Airdrop Reward Calculator

    The potential rewards from the Backpack airdrop can be estimated using a customizable calculator. This tool allows you to factor in earned points, the project’s future fully diluted valuation (FDV), and the airdrop distribution rate to understand predicted rewards under various scenarios. This calculator proves invaluable for setting goals and strategically approaching farming.

In-Depth Analysis of Backpack’s Potential: Why the High FDV Prediction?

FDV (Fully Diluted Valuation) is a crucial metric for assessing a project’s true value. Backpack’s high FDV prediction is rooted in specific strengths and its unique market positioning.

  • What is FDV (Fully Diluted Valuation)?

    FDV (Fully Diluted Valuation) represents the total market capitalization if all tokens planned for issuance are in circulation. Think of it as the total value of a company if all its shares were on the market. A high FDV indicates significant future market value expectations.

  • Backpack’s Strengths Compared to Other Projects

    Compared to other leading cryptocurrency projects, Backpack exhibits exceptionally high potential. Let’s explore the reasons:

    • Comparison with Jupiter: Unique Wallet and Solana Ecosystem Integration

      Jupiter (JUP) is a major DEX aggregator in the Solana ecosystem. Unlike Jupiter, Backpack features a unique wallet extension usable across the entire Solana ecosystem. This means Backpack wallets can be used on any Solana-based platform, such as Jupiter, Orca, and Raydium, enhancing user experience and ecosystem influence.

    • The Presence of Mad Lads, Solana’s Most Valuable NFT Collection

      Backpack boasts “Mad Lads,” one of the most valuable and vibrant NFT collections on Solana. Mad Lads NFTs command high prices and their owners exhibit strong community spirit and financial strength. This enthusiastic community provides a powerful support base for Backpack, fostering its growth.

    • Significance of FTX Europe Acquisition and European License

      Backpack acquired the European branch of the bankrupt FTX cryptocurrency exchange, securing a legitimate European operating license. This is a difficult achievement, even for major global exchanges like Binance and Bybit, highlighting Backpack’s robust regulatory compliance and substantial financial resources. This secures a significant competitive advantage in an increasingly regulated environment.

    • Strong Leadership and Influential Founders

      The CEO of Backpack and Mad Lads is a highly influential figure within the Solana ecosystem. For instance, their Twitter following exceeds 138,000, with numerous references from prominent individuals. This strong leadership is vital for project credibility and community engagement.

  • Airdrop Allocation Rate Prediction: Insights from the PerlX Example

    Typical airdrops allocate 5% to 12% of tokens to the community, but Backpack is expected to offer a higher rate. The Hyperliquid (PerlX) example supports this; Hyperliquid made an exceptional 31% airdrop to its community, resulting in significant profits for many participants. Backpack reportedly aims to allocate tokens primarily through platform trading and token purchases, suggesting a community-focused approach. Therefore, an airdrop rate exceeding 15% is considered realistic.

Calculate Your Backpack Airdrop Rewards: Using the Calculator and Predictive Scenarios

Backpack’s airdrop calculator simulates your potential rewards based on earned points and market fluctuations. Let’s explore its usage through specific predictive scenarios.

  • Point Accumulation Mechanism and Seasonal Structure

    Backpack’s airdrop unfolds seasonally, distributing points. Current point distribution is as follows:

    • Season 1: 100 million points distributed.
    • Season 2: Commenced July 3, 2024, with another 100 million points to be distributed.
    • Bonus Round: 10 million bonus points were distributed between Season 1 and Season 2.

    A total of 210 million points will be distributed by the end of Season 2. Season 3 is anticipated, potentially reaching a total of 310 million points. The calculator allows you to estimate rewards for both scenarios (Season 2 completion or Season 3 inclusion).

  • Specific Examples of Reward Simulations

    The calculator uses your current and target points, along with FDV and airdrop rate predictions, to calculate potential rewards. Let’s consider a sample scenario based on a participant’s target points:

    • Target Points: 50,000 points by the end of Season 2, 100,000 points if Season 3 occurs.
    • Current Points: 19,537 points (Platinum Rank)

    You can simulate how the reward amount changes with different combinations of FDV and airdrop rates.

    Scenario Number of Seasons Target Points FDV Prediction Airdrop Rate Estimated Reward (approx.)
    Current Performance (Base) 3 Seasons 19,537 $3.2 Billion 15% $30,000
    Conservative Scenario (End of S2) 2 Seasons 50,000 $1.6 Billion 10% $5,000
    Conservative Scenario (End of S3) 3 Seasons 100,000 $1.6 Billion 10% $10,000
    Optimistic Scenario 3 Seasons 100,000 $4 Billion 30% (Too high to be realistic)

    These estimations are predictions only. Actual rewards can significantly vary depending on market conditions and Backpack’s final tokenomics.

Efficient and Safe Farming Strategies for the Backpack Airdrop

Maximizing rewards requires more than just trading; it necessitates a strategy that efficiently earns points while managing risk. Here’s a breakdown of specific farming methods and safety tips for Backpack.

  • Fundamentals of Farming: Three Primary Methods

    The main ways to earn points on Backpack are:

    • Spot Trading: A Beginner-Friendly Strategy

      Spot trading involves buying and selling cryptocurrencies at the current market price—the most basic trading method. In Backpack, simply holding assets might passively earn points, making this a low-risk entry point for farming.

    • Futures Trading (Leveraged Trading): Generating High Volume and Risk Management

      Futures trading involves contracts based on future price predictions, allowing larger amounts to be moved with smaller margins—this is known as leveraged trading. Leverage acts like borrowing, enabling larger trades with less capital. This can efficiently generate larger trading volumes, potentially earning more points.

      However, leveraged trading carries the risk of liquidation, where incorrect predictions result in significant losses. This occurs when collateral is insufficient, and positions are forcibly closed, leading to substantial losses.

      • 【Important】Strategies for Reducing Risk

        Leveraged trading offers high returns but also high risks. Given the volatility of the crypto market, risk mitigation is vital:

        • Start with Low Leverage: Begin with low leverage (e.g., 5x) to grasp market dynamics and trading nuances.
        • Delta-Neutral Strategy: For increased risk reduction, consider the delta-neutral strategy, holding opposing positions on multiple platforms simultaneously. This balances trades, aiming for profit/loss offset regardless of price direction. However, be mindful of fees and price discrepancies.
        • Utilize Sub-Accounts: Backpack allows creating sub-accounts separate from your main account. This isolates farming funds from your primary assets, allowing trading within your risk tolerance.
      • Importance of Continuous Trading

        Regular daily trading, and ideally holding positions for extended periods, might prove advantageous for earning Backpack points. The platform’s algorithm may prioritize loyal users and consistent volume generators.

    • Lending: Securely Earning Passive Rewards and Points

      Backpack’s lending feature allows lending stablecoins (like USDC, pegged to USD) for passive rewards (APY: Annual Percentage Yield) around 5.121%, while also earning Backpack points. This is ideal for stable asset growth and point accumulation with reduced risk. Many users set up automatic lending upon depositing funds.

  • Transaction Fees

    Backpack charges transaction fees, similar to other exchanges. Futures trading incurs fees for opening/closing positions and funding rates. However, these fees can be considered an investment toward earning Backpack points, as the paid fees might yield significantly higher returns through future airdrop rewards.

The Hidden Benefit: Additional Airdrops from Backpack Farming

Farming Backpack’s airdrop not only provides Backpack tokens but can also unlock extra rewards from other projects—a significant hidden advantage.

  • Examples of Airdrops from Other Projects (Fragmic, SUS, WCT, etc.)

    Users actively farming on Backpack and reaching specific ranks (Platinum, Diamond, Challenger) have received additional airdrops from other projects. Examples include Fragmic token distributions, and previously, airdrops from SUS and WCT. This suggests Backpack’s ecosystem actively collaborates with other Web3 projects, rewarding community contributors.

  • Preferential Treatment for Mad Lads NFT Holders

    Holders of Mad Lads NFTs, offered by Backpack’s parent company, Wormhole Foundation (Parsec Finance), have consistently received preferential treatment in various airdrops. While Mad Lads NFTs are expensive, existing holders have increased reward opportunities. Purchasing NFTs solely for airdrops needs careful consideration.

Latest Information and Practical Tips: Take Action Now

Here are essential updates and practical farming tips for Backpack.

  • Limited-Time Offer! Maximize the Fragmic Collaboration Campaign

    Backpack and Fragmic are running a limited-time campaign (until July 8, 2024, at the time of video release) distributing 2 million FRAG tokens. Trading FRAG tokens (spot and perpetuals) on Backpack counts as double volume. This is an excellent opportunity to simultaneously earn Backpack points and Fragmic rewards.

  • Target Future Rewards Through Twitter Engagement

    Active engagement with Backpack-related tweets (likes, retweets, English comments) might influence future airdrop rewards. The project might assess and reward community activity. Active participation and contribution could unexpectedly lead to rewards.

  • Backpack Wallet and Account Setup: The First Step

    Farming on Backpack begins with installing the Backpack wallet and setting up an exchange account. Refer to separate videos and official documentation for detailed instructions. Generally, this involves installing the wallet from the official website, completing KYC, and depositing stablecoins like USDC to begin trading.

Conclusion: Seize the Web3 Future with the Backpack Airdrop

The Backpack airdrop transcends mere speculation; it represents a project pioneering new Web3 possibilities. Its solid foundation, innovative strategy, and high reward potential showcase its potential to shape the future of the cryptocurrency market.

This guide covers Backpack’s FDV prediction rationale, airdrop reward calculation, farming strategies (spot, futures, lending), and risk management tips (sub-accounts, low leverage).

The Web3 world is constantly evolving. Early involvement in promising projects like Backpack offers significant opportunities for growth in cryptocurrency knowledge and assets. Use this knowledge to accelerate your Web3 journey and secure your future with the Backpack airdrop.

Explore Backpack’s latest information and official resources to deepen your understanding and take the next step.

Ari Chain Airdrop Explained: A Deep Dive into the Promising Layer-1 Blockchain

In recent years, the term “airdrop” has gained significant attention in the cryptocurrency world. Projects like Notcoin and Grass have generated substantial profits for their communities, sparking a surge in the search for promising upcoming airdrops. Among the most notable projects is Ari Chain, which is poised to be more than just another cryptocurrency; it’s expected to become a crucial foundation supporting next-generation decentralized applications.

This article provides a comprehensive and objective analysis of the Ari Chain airdrop, covering the latest updates, its mechanics, future prospects, and practical strategies to maximize your participation. By reading this article, you will gain a deep understanding of Ari Chain and build a solid foundation for further exploration of this exciting field.

What is Ari Chain? A Multifunctional Layer-1 Blockchain

Ari Chain is designed as a Layer-1 blockchain. A Layer-1 blockchain, like Bitcoin or Ethereum, constructs its own independent network and serves as the foundation for transaction verification and security. Think of it as an operating system (OS) like Windows or macOS, upon which various applications run.

A key feature of Ari Chain is its support for multiple virtual machines (VMs). This means it supports different blockchain virtual machine technologies (e.g., EVM, WASM), enabling interoperability. Similar to running Windows, macOS, and Linux simultaneously on a single computer, Ari Chain has the potential to run various types of applications and smart contracts.

Furthermore, Ari Chain extends beyond a simple blockchain infrastructure, incorporating its own wallet functionality for secure storage and management of cryptocurrencies, much like Binance Wallet. This multifunctionality sets Ari Chain apart as a next-generation Web3 infrastructure.

Why Ari Chain Deserves Attention: Strong Partnerships and Value

Ari Chain’s distinction from a fleeting trend stems from its robust partnerships. Partnerships are crucial indicators of project reliability and growth potential. Ari Chain collaborates with the following prominent companies and projects:

  • Red Swarm: Another Layer-1 blockchain project, promising technological synergy.
  • JJO: Details are limited, but mentioned as a major project.
  • ARE: An already established and growing company in the blockchain industry.
  • Web3 Decisions: A Web3 company supporting Ari Chain.

These partnerships demonstrate that Ari Chain isn’t developing in isolation; it’s collaborating with industry leaders to accelerate technological advancements, ecosystem building, and market expansion. This collaboration significantly contributes to the project’s sustainability and future value enhancement.

The Keys to Airdrop Acquisition: Acquiring Ari Tokens and Ari G Tokens

The Ari Chain airdrop is primarily based on holdings of Ari tokens and Ari G tokens. Efficiently accumulating these tokens is crucial for maximizing your airdrop rewards.

  • Ari Tokens (ARI):
    • Daily Check-in: Earned by accessing the app daily.
    • Daily Quizzes: Earned by answering daily quizzes.

    These are relatively easy-to-obtain basic tokens, emphasizing consistent participation.

  • Ari G Tokens (ARI G):
    • In-game Partner Tasks: Earned by completing various partner project tasks within the Ari Chain ecosystem.

    Ari G tokens require more active participation and contribution to the ecosystem, making them slightly harder to acquire, but potentially more valuable in the airdrop.

A balanced approach to acquiring both tokens is a strategic approach to maximizing airdrop benefits. Consistent engagement is key to unlocking the full potential of this opportunity.

Airdrop Confirmed! Latest Progress and Future Roadmap

The Ari Chain airdrop is reportedly confirmed. This signifies the project’s readiness for its next major phase: the mainnet launch.

According to the latest information, Ari Chain is progressing towards these crucial milestones:

  • Testnet Version 2 (Season 2) Preparations:

    While the project’s CEO acknowledged a temporary period of reduced community engagement, they explained that this was due to a focus on continuous development and engagement. Ari Chain is currently preparing for the launch of Testnet Version 2, known as “Season 2.” This new version is expected to include new features such as the “Ari Portal,” enhancing user experience and the ecosystem.

  • Mainnet Launch and Roadmap Publication:

    Following the testnet phase is the mainnet phase. The mainnet signifies the project’s full operation, with tokens holding real-world value. The airdrop is expected to be implemented concurrently with or shortly after the mainnet launch. A detailed project roadmap, including the specific airdrop timing, will be released soon.

  • Collaboration with Haier:

    This entire process is being carried out in collaboration with the major corporation Haier. Haier has a track record of collaborating with other blockchain projects, and its involvement is expected to contribute to the advancement and credibility of Ari Chain.

The confirmation of the airdrop strongly suggests that Ari Chain is not merely an idea-stage project but is prepared to deliver valuable rewards to the community.

Listing Date and Predicted Price: A Deeper Look at the Airdrop’s Economic Value

A key concern for many airdrop participants is when tokens will be listed and their potential value. While there’s no official announcement yet, predictions are emerging from various sources.

Potential Listing Dates

Two potential listing dates for Ari Chain have been suggested:

  • July 22nd: Considering project delays, it’s speculated that they aim to confirm a listing between the end of Q2 and the beginning of Q3. The listing process on centralized exchanges (CEX), ensuring liquidity, final audits, and marketing efforts require time, making this a realistic timeframe.
  • August 13th: Another potential date suggested.

These are merely “predictions,” and the actual date may vary slightly.

Tokenomics and Initial Market Supply

Based on similar projects, Ari Chain’s tokenomics are predicted as follows:

Category Percentage Summary
Community Airdrop 20% Rewards for community participation
Team & Advisors 15% Incentives for the development team and advisors
Ecosystem 25% Investment in project growth, development, and partnerships
Investors & Sales 15% Early investors and future sales
Foundation 15% Funding for the project’s long-term operation and development
Liquidity 10% Liquidity pools to facilitate market trading

Different lock-up periods (e.g., 2 months, 3 months, 6 months) are expected for each token, a measure designed to regulate market supply and stabilize prices. The total supply is predicted to be 1 billion tokens, with 10-15% expected to be released into the initial market at the TGE (Token Generation Event).

Listing Price and Predicted Airdrop Value

The predicted listing price ranges from $0.60 to $0.80. This calculation considers a previous ICO price of $2 per Ari token. Based on this listing price, the fully diluted valuation (FDV) would be $600 million, and the market capitalization (Market Cap) would range from $60 million to $100 million.

However, the actual airdrop value isn’t solely determined by the number of tokens. Numerous factors influence it, including the number of referred friends, participation duration, completed tasks, and the number of Ari G tokens held. For example, even with 10,000 Ari tokens acquired through prolonged activity and task completion, the value might not be simply $5 (example from a source) but could be $8 to $15 per 10,000 tokens.

This predicted value might seem low at first glance. However, strategies like utilizing multiple accounts can increase the number of acquired tokens. The ultimate airdrop value will fluctuate based on market conditions, but early and continuous participation remains crucial.

When Will KYC (Know Your Customer) Resume? The Final Hurdle for Airdrop Receipt

KYC (Know Your Customer) is essential for receiving the Ari Chain airdrop. KYC was implemented during the previous ICO, involving document submission and facial recognition within the game, but was later temporarily suspended. Many users eagerly await its resumption.

Currently, it’s highly likely that KYC will resume simultaneously with or shortly after the launch of Testnet V2 (Season 2). Completing KYC is mandatory to be eligible for the airdrop, so pay close attention to official announcements.

To avoid missing this crucial step, consistently check Ari Chain’s official announcements and be prepared to complete the KYC process as soon as it’s reopened.

Conclusion: Participating in the Ari Chain Airdrop Could Shape Your Future

Ari Chain, as a next-generation Layer-1 blockchain following in the footsteps of Notcoin and Grass, has generated significant anticipation for its airdrop. Its advanced multi-VM technology and strong partnerships strongly suggest promising prospects. The airdrop is already confirmed, with the launch of Testnet V2 and mainnet migration imminent. This progress outlines a clear path for us to maximize the opportunities Ari Chain presents.

While the predicted value of the airdrop remains uncertain, early and consistent participation increases the likelihood of earning greater rewards. Diligently accumulating Ari and Ari G tokens through daily check-ins, quizzes, and partner tasks, and preparing for the KYC resumption, represents a wise strategy for maximizing this opportunity.

The future of cryptocurrency and blockchain is constantly evolving. Participating in projects like Ari Chain is not just about acquiring tokens; it’s a valuable opportunity to engage with the forefront of Web3 and gain new knowledge and experience. Embark on this exciting journey and take a step toward expanding your knowledge and wealth.

Take the Next Step

  • Follow Ari Chain’s official website, official X (formerly Twitter), and Telegram to stay updated.
  • Continue learning from reliable sources to deepen your understanding of relevant Layer-1 blockchains and airdrops.

Nexis (NCS) Airdrop: A Complete Guide to the Coinbase-Backed Crypto Analytics Platform

Introduction: Why is Nexis (NCS) Gaining Attention Now?

The rapidly evolving Web3 world sees new projects emerge daily. Discerning credible information and identifying promising projects is challenging. The cryptocurrency market, in particular, is saturated with information, making it difficult to grasp its essence without proper data analysis.

This is where crypto analytics becomes crucial. It involves analyzing vast amounts of blockchain data to understand market trends, the activities of large investors (whales), and the health of projects. In today’s complex information landscape, this analytical capability is essential for making sound investment decisions.

Nexis (NCS) is an innovative platform gaining traction in the crypto analytics space. It has already secured over $88 million in funding and boasts investment from Coinbase, a leading cryptocurrency exchange.

Nexis (NCS) is currently running an airdrop campaign where users can earn NXP points—a significant opportunity for early adopters to benefit from the project’s future growth. This article objectively and clearly explains Nexis (NCS)’s functionality, its credibility, and how to earn NXP points, even without prior expertise.

What is Nexis (NCS)? Its Innovative Features and Strengths

Nexis (NCS) is an advanced crypto analytics platform designed to assist decision-making in the cryptocurrency market. While similar to existing data sites like CoinMarketCap and CoinGecko, its functionality is deeper and more specialized for professional analysis. It’s like a detective tool that allows you to investigate not only the surface-level price fluctuations but also the underlying “transaction history” and “funds flow.”

On-Chain Analysis: Unveiling the Market’s Depths

A core feature of Nexis (NCS) is on-chain analysis. This involves a detailed analysis of all transaction histories and asset movements recorded on the blockchain. By extracting specific data—who sent how much cryptocurrency, when, and where, and their activity patterns—from publicly available information, it allows assessment of overall market trends and interest in specific projects.

For example, if a token’s trading volume surges, there might be significant activity behind it. Nexis (NCS) can help determine if this is driven by a specific whale (large holder) or broader general investor activity.

Whale Wallet Tracking: Hints for Smart Investment Strategies

In the market, individuals or institutions holding large amounts of cryptocurrency are called “whales.” Their trading activities significantly impact market prices. Nexis (NCS) allows tracking these whales’ wallet addresses to identify the tokens they buy and sell.

This is like getting clues about what major investors will do next. While their actions aren’t always correct, analyzing their behavior can offer new perspectives on your investment strategy.

AI-Powered Analytics: Advanced Insights for Everyone

Nexis (NCS) also integrates AI (Artificial Intelligence) technology into its analytics. This allows for faster and more accurate pattern extraction from complex data, providing users with meaningful insights. Even without advanced analytical skills, AI support helps users understand the market’s depths and make more informed decisions.

Differentiation from Similar Services Like CoinMarketCap

While CoinMarketCap and CoinGecko primarily provide surface-level data such as price, market capitalization, and trading volume, Nexis (NCS) focuses on uncovering the “why” behind the data through in-depth on-chain data analysis, whale tracking, and AI-driven insights. It caters to users seeking strategic analysis beyond simple information gathering.

The Strong Foundation of Nexis (NCS): Funding and Major Investors

Nexis (NCS)’s potential is underscored by its robust funding and notable investors.

Over $88 Million in Funding

Nexis (NCS) has successfully raised substantial funds across multiple rounds. Public information indicates a total of over $88 million USD.

  • October 27, 2020: $1.2 million in Seed Round
  • June 19, 2021: $10 million in Series A
  • December 16, 2021: $75 million

This substantial investment reflects the market’s high regard for Nexis (NCS)’s vision and technology, indicating a strong foundation for future development and growth.

Investment from Top-Tier VCs, Including Coinbase

Coinbase’s participation in the Series A funding round is particularly noteworthy. Major companies like Coinbase rigorously assess a project’s potential, technological feasibility, and regulatory compliance before investing. Coinbase’s involvement underscores strong expectations for Nexis (NCS)’s credibility and future market position.

The fact that Ice Blockchain, Epoch Foundation, TON, Supra Oracle, Immutable, BNB Chain, Bybit, OKX, and Solana, key players in the blockchain industry, follow Nexis (NCS)’s Twitter account further demonstrates its influence and the high expectations within the industry.

Long Development Period (2020—Present) Indicates Project Maturity

Nexis (NCS) has been under development since around 2020, marking nearly five years of continuous work. This suggests a well-established project, not a hastily assembled one, indicating a commitment to refining technology and building a robust platform. This long development period contributes to project stability, enhanced functionality, and community trust.

Overview of the NXP Points Airdrop and Participation Benefits

Nexis (NCS) is conducting an NXP points airdrop campaign to foster platform growth and community contributions. This campaign is a key opportunity for early users to participate and benefit from project growth.

Airdrop Purpose: Community Building and Early User Rewards

Airdrops are a common strategy for new projects to increase awareness and build an early user base. Similarly, Nexis (NCS) aims to promote platform usage and foster a dedicated community through NXP points. This offers users a chance to earn potentially valuable points for free, while it’s a vital step for the project to activate its ecosystem.

What are NXP Points?: A Path to Future Token Acquisition

NXP points are earned through activity on the Nexis (NCS) platform. Such point systems often become exchangeable for the project’s official token in the future. Accumulating NXP points now could mean eligibility for a future airdrop of Nexis (NCS) tokens.

Important: Campaign Period Until September 30, 2024

The current NXP points campaign is scheduled to run until September 30, 2024 (*based on publicly available information. Always check Nexis (NCS)’s official announcements for the latest information*). Completing tasks and earning as many NXP points as possible within this period is recommended. The deadline is approaching, so early participation is key for interested individuals.

TGE (Token Generation Event) Prediction: Q4 2025

The project anticipates a TGE (Token Generation Event, where the official Nexis (NCS) token is issued and supplied to the market) in the fourth quarter of 2025. TGEs often coincide with airdrop reward distributions or token listings on exchanges, suggesting that the value of NXP points may increase leading up to this time.

Step-by-Step Guide to Participating in the Nexis (NCS) Airdrop

Here’s a step-by-step guide to earning NXP points. These tasks are generally free.

Step 1: Free Account Registration

First, register an account on the Nexis (NCS) platform.

  1. Access the Nexis (NCS) official website. (*This article does not provide a direct link. Always search for official information and beware of phishing sites.*)
  2. Click the signup option.
  3. Select the free plan.
  4. Set up an email address and a strong password (8 characters or more, including alphanumeric characters and symbols).
  5. Click the verification link sent to your email address to verify your account.
  6. After verification, sign in using your email address and password.

Step 2: Activate the NXP Points System (Earn 20 Points)

After registering your account, activate the NXP points system.

  1. After logging in, click the “Points” option on the left side of the screen.
  2. Find and click “Activate Nexis Points.”
  3. This will earn you 20 points initially.

Step 3: Complete Onboarding Tasks to Earn NXP Points

Complete the onboarding tasks to earn more NXP points. Access each task from the “Earn More” section.

  • Telegram Account Linking (20P):
    • Click the “Earn” button and follow the instructions to enter your Telegram username and link your account.
  • Discord Account Linking (20P):
    • Click the “Earn” button and authorize access on the Discord authentication page.
  • Portfolio Setup (Add Wallet Address) (20P):
    • Click the “Earn” button and enter a blockchain wallet address (e.g., MetaMask, Phantom) to create your portfolio. This is used to connect your wallet to track your assets and analyze other public wallets.
  • Add Tokens to Watchlist (20P):
    • Click the “Earn” button and add specific tokens to your watchlist to monitor prices and trends of cryptocurrencies you’re interested in.

Step 4: Add Reward Addresses (EVM & Solana)

Set up your addresses to receive airdrop rewards.

  1. Return to the “Points” section and click “Reward Addresses.”
  2. Add your EVM-compatible address (e.g., your MetaMask wallet address) and Solana address (e.g., your Phantom wallet address) to prepare for future airdrops.

Step 5: Earn NXP Points Through Staking (Optional but Recommended)

Nexis (NCS) allows earning additional NXP points by staking certain cryptocurrencies. This is optional but recommended to secure eligibility for future airdrops.

  • Staking Mechanism and Benefits/Risks:

    Staking involves depositing crypto assets to contribute to blockchain security and earning additional tokens as a reward. With Nexis (NCS), the reward is in NXP points. However, understand that staked assets might have a lock-up period and are subject to price fluctuations.

  • Recommendation to Start Small:

    You don’t need to invest large sums. As suggested in the video, even staking a small amount like 0.05 SOL (Solana) could meet airdrop eligibility criteria. This is crucial for being recognized as a contributing user in future airdrops.

  • Procedure:
    1. Select the “Staking” item from the “Earn More” section.
    2. Choose an asset you own from the supported assets.
    3. Connect your wallet (e.g., MetaMask, Phantom).
    4. Enter the amount to stake and approve the transaction. Always double-check the amount and recipient address on your wallet’s approval screen.

Step 6: Referral Program (Optional)

Nexis (NCS) offers a referral program. You can earn additional NXP points if referred friends stake funds on the platform.

Precautions and Mindset When Participating in the Nexis (NCS) Airdrop

While airdrops are attractive, always understand the risks and proceed cautiously.

  • Use a Wallet with Small Amounts of Funds:

    When participating in airdrops or connecting with DApps (decentralized applications), it’s strongly recommended to use a secondary wallet with only small amounts of funds. This minimizes losses in case of hacking or other issues.

  • Thoroughly Verify Transaction Details:

    When approving transactions on your wallet, carefully verify all displayed details (recipient address, amount, authorization permissions). This is crucial to prevent unintended transfers or connections to malicious DApps.

  • Understanding the Uncertainty of Airdrops:

    Airdrops don’t guarantee significant rewards. Their value may not meet expectations depending on project status and market conditions. Rules may also change or be delayed. Like any investment, participate only within your risk tolerance and maintain realistic expectations.

Conclusion: The Potential of the Nexis (NCS) Airdrop

Nexis (NCS) is a robust crypto analytics platform with a strong foundation: over $88 million in funding, support from top-tier investors including Coinbase, and a long development history. Its innovative features—on-chain analysis, whale wallet tracking, and AI integration—provide powerful tools for making informed decisions in the complex cryptocurrency market.

The ongoing NXP points airdrop campaign offers a valuable opportunity to participate early and benefit from its growth. The September 30, 2024, deadline and the predicted Q4 2025 TGE make now a key time for action.

Of course, cryptocurrency and airdrops involve inherent risks. However, with due diligence and starting small, you can unlock new learning opportunities and potential. Regularly check Nexis (NCS)’s official sources and community (Telegram and Discord) for updates. We hope this innovative platform brings new value to your Web3 journey.

Next Steps:
If you’re interested in Nexis (NCS) after reading this article, visit the official website to explore its features and latest campaign information. Joining the Telegram or Discord community provides opportunities for deeper information exchange and learning.

Warning: Beware of Solana Airdrop Scams! Risks Behind High Rewards and Identifying Safe Sources

In recent years, the world of blockchain technology and its application, cryptocurrency, has been rapidly evolving. “Airdrops” have garnered significant attention as a way to get involved early in new projects and technologies. An airdrop is a marketing strategy where new tokens are distributed for free to users who hold specific cryptocurrencies or complete certain tasks.

Among them, Solana-related airdrops have attracted considerable attention. Social media and video platforms are rife with enticing promises of earning tens of thousands of dollars in minutes, luring many with the potential for quick profits. Unfortunately, behind such claims often lurk sophisticated scams designed to steal your valuable digital assets.

This article objectively explains the mechanics of Solana airdrops and, through concrete examples, reveals the dangers of information promising easy, high rewards (e.g., instant rewards upon wallet connection). The aim is to foster your critical thinking while equipping you with the essential knowledge to navigate the cryptocurrency world safely.

Understanding Solana

Introduction: Solana is a notable blockchain platform gaining traction recently. Before delving into airdrops, let’s grasp its fundamental characteristics.

Solana is a decentralized computing platform characterized by its high efficiency and fast transaction processing capabilities. Developed to handle significantly more transactions in less time than existing blockchains like Ethereum, the platform utilizes its native token, SOL, for transaction fees and other purposes.

Solana’s high scalability stems from a unique combination of technologies. Specifically, it uses a common Proof of Stake (PoS) consensus algorithm alongside its proprietary Proof of History (PoH) mechanism. PoH establishes the temporal order of events on the blockchain, streamlining network synchronization and enabling remarkable processing speeds. The developer community claims Solana can process over 50,000 transactions per second without compromising decentralization.

Airdrops: Basic Mechanics, Advantages, and Disadvantages

Introduction: What exactly are airdrops in the cryptocurrency world? Let’s explore the basic concept and the advantages and disadvantages of participation.

An airdrop is a marketing strategy where blockchain projects distribute their new tokens to specific users for free. This aims to increase project awareness, expand the community, and incentivize early adopters. Being free, it can provide users with an opportunity to acquire new cryptocurrencies without risk.

The main types of airdrops include:

  • Holder Airdrops: Distributed to users holding a certain amount of a specific cryptocurrency (e.g., Solana’s SOL token).
  • Task-Based Airdrops: Awarded to users who complete specified tasks, such as following a project’s social media, joining a Telegram group, or using specific DApps (decentralized applications).
  • Initial Airdrops for New Projects: Conducted by new projects before launch to attract early users.

Advantages of Participation

  • Free Token Acquisition: Obtain potentially valuable tokens without financial investment.
  • Exposure to New Projects: Learn about new projects you might not otherwise encounter.
  • Portfolio Diversification: Holding various tokens can help mitigate risk.

Disadvantages of Participation

  • Time and Effort: Task-based airdrops can be time-consuming.
  • Potential for No Value: The distributed tokens might not increase in market value or may be almost worthless.
  • Crucial: Risk of Scams: Unfortunately, scams exploiting the airdrop mechanism are prevalent.

Warning: The Sophisticated Tactics of Airdrop Scams and Specific Examples

Introduction: While airdrops present attractive opportunities, they are unfortunately a target for scammers. Learn their tactics and enhance your self-defense awareness.

Cryptocurrency airdrop-related scams are becoming increasingly sophisticated. Scammers cleverly exploit users’ desire for free earnings and fear of missing out (FOMO).

Common Airdrop Scam Tactics

  1. Fake Airdrop Websites and Social Media Accounts:

    They create websites and Twitter accounts that closely resemble official projects to advertise fake airdrop campaigns. Carefully check for minor URL differences and the presence of verification marks.

  2. The Danger of Wallet Connection Requests (Phishing):

    They request access to your cryptocurrency wallet under the guise of receiving an airdrop. This seemingly harmless act is often phishing, designed to steal funds from your wallet. Always check the permissions a website requests from your wallet and never connect your wallet to untrusted sites. This is akin to entering your login details into a fake online banking site created by an unknown third party.

  3. Demanding Small Fees or Gas Fees:

    They demand a small gas fee (network transaction fee) to receive airdrop tokens. This small payment can be used to steal other assets from your wallet or prompt further, larger payments. Legitimate airdrops rarely require users to pay any fees beyond gas fees.

  4. The Trap of Promising High “Guaranteed Rewards”:

    Phrases like, “Get $400 immediately if you hold Solana!” should be viewed with extreme caution. Airdrop rewards usually depend on market liquidity and project growth; they cannot be guaranteed beforehand.

  5. FOMO-inducing Psychological Tactics:

    They use urgency-emphasizing phrases like “Limited time only” or “Limited to X participants” to prevent users from making rational decisions and encourage hasty actions. If you feel pressured, stop and verify the source’s credibility.

Behind the allure of “free” may lie the intention to take something from you. In the crypto world, this principle is paramount.

Thorough Examination of a Source Video’s “Solana Airdrop”: Why It’s Dangerous

Introduction: The provided video on Solana airdrops exhibits numerous elements consistent with typical scam tactics. Let’s examine the specifics.

The video demonstrates the following characteristics:

  • Emphasizes the immediate nature of high rewards, such as earning tokens in minutes or getting $400 instantly.
  • Shows a demonstration of connecting to an airdrop website and receiving rewards, displaying a Trust Wallet balance.
  • Directs users to the airdrop website through links in the video’s description or comments.
  • Refers to Solana’s technical advantages (e.g., 50,000 TPS) to appear credible.

These elements strongly align with typical airdrop scam tactics. The most dangerous aspects are:

  1. Excessive and Immediate High Rewards:

    Claims of “$400 in minutes” are unrealistic. Many airdrops lack immediate cash-out potential, requiring a period before distribution. Promises of guaranteed high returns are a major red flag.

  2. Demonstration of Wallet Connection and Link Redirection:

    Showing wallet connection aims to create a false sense of security. Links in the description or comments are highly likely to lead to fake phishing sites. Connecting your wallet or entering your private key (seed phrase) puts your entire balance at risk.

  3. Potential Misuse of Solana’s Technical Information:

    Referencing Solana’s features (decentralization, PoS+PoH, high TPS) creates a false sense of legitimacy. Legitimate airdrops are announced through official channels.

This source is likely a typical phishing scam aimed at tricking users into connecting their wallets and stealing their assets.

Protecting Your Assets: Three Golden Rules for Safe Airdrop Information

Introduction: How can you safely identify airdrop opportunities and protect your assets amidst dangerous information? Follow these rules.

Rule 1: Thoroughly Verify Official Sources

  • Obtain airdrop information only from the project’s official website, official Twitter account, official Discord server, Medium blog, etc.
  • Avoid clicking links from social media; directly access sites using the official URL. Check for spelling mistakes, suspicious domains, and SSL certificates (lock icon).
  • Confirm that the project is truly conducting an airdrop through official announcements.

Rule 2: Exercise Extreme Caution When Connecting Wallets or Entering Private Keys

  • Never connect your cryptocurrency wallet to unknown or untrustworthy websites.
  • Sites requesting your private key (seed phrase/recovery phrase) are 100% scams. Your private key is the ultimate key to your assets; never share it.
  • If wallet connection is necessary, carefully review the requested permissions and avoid granting unnecessary access.

Rule 3: Be Skeptical of Enticing Promises and Excessive Rewards

  • Assume that promises of “easy,” “guaranteed,” and “high free” rewards are mostly false. In the cryptocurrency world, risk and return are always balanced.
  • Be particularly wary of messages creating a sense of urgency, such as “Act now or miss out.” Scammers commonly use this tactic to hinder rational judgment.

Conclusion: Understanding Cryptocurrency’s Potential and Risks, and Smartly Shaping the Future

Innovative blockchain platforms like Solana hold the potential to significantly alter our digital experiences and financial systems. Airdrops can offer an attractive opportunity to engage with such technologies and projects.

However, scammers aiming to exploit your curiosity and assets are always lurking. The information presented here regarding “Solana airdrops” is a prime example.

To act safely and intelligently in the cryptocurrency world, you must critically assess where information originates and its intent. The three rules outlined—verifying official sources, exercising caution with wallet connections, and being wary of enticing promises—are fundamental defenses for your digital assets.

By staying informed, maintaining a strong sense of self-defense, and continuously updating your knowledge, you can navigate the exciting world of cryptocurrency while protecting your investments. Let’s build a safer and more prosperous digital future together.

Warning: Beware of Solana Airdrop Scams! Risks Behind High Rewards and Identifying Safe Sources

In recent years, the world of blockchain technology and its application, cryptocurrency, has been rapidly evolving. “Airdrops” have garnered significant attention as a way to get involved early in new projects and technologies. An airdrop is a marketing strategy where new tokens are distributed for free to users who hold specific cryptocurrencies or complete certain tasks.

Among them, Solana-related airdrops have attracted considerable attention. Social media and video platforms are rife with enticing promises of earning tens of thousands of dollars in minutes, luring many with the potential for quick profits. Unfortunately, behind such claims often lurk sophisticated scams designed to steal your valuable digital assets.

This article objectively explains the mechanics of Solana airdrops and, through concrete examples, reveals the dangers of information promising easy, high rewards (e.g., instant rewards upon wallet connection). The aim is to foster your critical thinking while equipping you with the essential knowledge to navigate the cryptocurrency world safely.

Understanding Solana

Introduction: Solana is a notable blockchain platform gaining traction recently. Before delving into airdrops, let’s grasp its fundamental characteristics.

Solana is a decentralized computing platform characterized by its high efficiency and fast transaction processing capabilities. Developed to handle significantly more transactions in less time than existing blockchains like Ethereum, the platform utilizes its native token, SOL, for transaction fees and other purposes.

Solana’s high scalability stems from a unique combination of technologies. Specifically, it uses a common Proof of Stake (PoS) consensus algorithm alongside its proprietary Proof of History (PoH) mechanism. PoH establishes the temporal order of events on the blockchain, streamlining network synchronization and enabling remarkable processing speeds. The developer community claims Solana can process over 50,000 transactions per second without compromising decentralization.

Airdrops: Basic Mechanics, Advantages, and Disadvantages

Introduction: What exactly are airdrops in the cryptocurrency world? Let’s explore the basic concept and the advantages and disadvantages of participation.

An airdrop is a marketing strategy where blockchain projects distribute their new tokens to specific users for free. This aims to increase project awareness, expand the community, and incentivize early adopters. Being free, it can provide users with an opportunity to acquire new cryptocurrencies without risk.

The main types of airdrops include:

  • Holder Airdrops: Distributed to users holding a certain amount of a specific cryptocurrency (e.g., Solana’s SOL token).
  • Task-Based Airdrops: Awarded to users who complete specified tasks, such as following a project’s social media, joining a Telegram group, or using specific DApps (decentralized applications).
  • Initial Airdrops for New Projects: Conducted by new projects before launch to attract early users.

Advantages of Participation

  • Free Token Acquisition: Obtain potentially valuable tokens without financial investment.
  • Exposure to New Projects: Learn about new projects you might not otherwise encounter.
  • Portfolio Diversification: Holding various tokens can help mitigate risk.

Disadvantages of Participation

  • Time and Effort: Task-based airdrops can be time-consuming.
  • Potential for No Value: The distributed tokens might not increase in market value or may be almost worthless.
  • Crucial: Risk of Scams: Unfortunately, scams exploiting the airdrop mechanism are prevalent.

Warning: The Sophisticated Tactics of Airdrop Scams and Specific Examples

Introduction: While airdrops present attractive opportunities, they are unfortunately a target for scammers. Learn their tactics and enhance your self-defense awareness.

Cryptocurrency airdrop-related scams are becoming increasingly sophisticated. Scammers cleverly exploit users’ desire for free earnings and fear of missing out (FOMO).

Common Airdrop Scam Tactics

  1. Fake Airdrop Websites and Social Media Accounts:

    They create websites and Twitter accounts that closely resemble official projects to advertise fake airdrop campaigns. Carefully check for minor URL differences and the presence of verification marks.

  2. The Danger of Wallet Connection Requests (Phishing):

    They request access to your cryptocurrency wallet under the guise of receiving an airdrop. This seemingly harmless act is often phishing, designed to steal funds from your wallet. Always check the permissions a website requests from your wallet and never connect your wallet to untrusted sites. This is akin to entering your login details into a fake online banking site created by an unknown third party.

  3. Demanding Small Fees or Gas Fees:

    They demand a small gas fee (network transaction fee) to receive airdrop tokens. This small payment can be used to steal other assets from your wallet or prompt further, larger payments. Legitimate airdrops rarely require users to pay any fees beyond gas fees.

  4. The Trap of Promising High “Guaranteed Rewards”:

    Phrases like, “Get $400 immediately if you hold Solana!” should be viewed with extreme caution. Airdrop rewards usually depend on market liquidity and project growth; they cannot be guaranteed beforehand.

  5. FOMO-inducing Psychological Tactics:

    They use urgency-emphasizing phrases like “Limited time only” or “Limited to X participants” to prevent users from making rational decisions and encourage hasty actions. If you feel pressured, stop and verify the source’s credibility.

Behind the allure of “free” may lie the intention to take something from you. In the crypto world, this principle is paramount.

Thorough Examination of a Source Video’s “Solana Airdrop”: Why It’s Dangerous

Introduction: The provided video on Solana airdrops exhibits numerous elements consistent with typical scam tactics. Let’s examine the specifics.

The video demonstrates the following characteristics:

  • Emphasizes the immediate nature of high rewards, such as earning tokens in minutes or getting $400 instantly.
  • Shows a demonstration of connecting to an airdrop website and receiving rewards, displaying a Trust Wallet balance.
  • Directs users to the airdrop website through links in the video’s description or comments.
  • Refers to Solana’s technical advantages (e.g., 50,000 TPS) to appear credible.

These elements strongly align with typical airdrop scam tactics. The most dangerous aspects are:

  1. Excessive and Immediate High Rewards:

    Claims of “$400 in minutes” are unrealistic. Many airdrops lack immediate cash-out potential, requiring a period before distribution. Promises of guaranteed high returns are a major red flag.

  2. Demonstration of Wallet Connection and Link Redirection:

    Showing wallet connection aims to create a false sense of security. Links in the description or comments are highly likely to lead to fake phishing sites. Connecting your wallet or entering your private key (seed phrase) puts your entire balance at risk.

  3. Potential Misuse of Solana’s Technical Information:

    Referencing Solana’s features (decentralization, PoS+PoH, high TPS) creates a false sense of legitimacy. Legitimate airdrops are announced through official channels.

This source is likely a typical phishing scam aimed at tricking users into connecting their wallets and stealing their assets.

Protecting Your Assets: Three Golden Rules for Safe Airdrop Information

Introduction: How can you safely identify airdrop opportunities and protect your assets amidst dangerous information? Follow these rules.

Rule 1: Thoroughly Verify Official Sources

  • Obtain airdrop information only from the project’s official website, official Twitter account, official Discord server, Medium blog, etc.
  • Avoid clicking links from social media; directly access sites using the official URL. Check for spelling mistakes, suspicious domains, and SSL certificates (lock icon).
  • Confirm that the project is truly conducting an airdrop through official announcements.

Rule 2: Exercise Extreme Caution When Connecting Wallets or Entering Private Keys

  • Never connect your cryptocurrency wallet to unknown or untrustworthy websites.
  • Sites requesting your private key (seed phrase/recovery phrase) are 100% scams. Your private key is the ultimate key to your assets; never share it.
  • If wallet connection is necessary, carefully review the requested permissions and avoid granting unnecessary access.

Rule 3: Be Skeptical of Enticing Promises and Excessive Rewards

  • Assume that promises of “easy,” “guaranteed,” and “high free” rewards are mostly false. In the cryptocurrency world, risk and return are always balanced.
  • Be particularly wary of messages creating a sense of urgency, such as “Act now or miss out.” Scammers commonly use this tactic to hinder rational judgment.

Conclusion: Understanding Cryptocurrency’s Potential and Risks, and Smartly Shaping the Future

Innovative blockchain platforms like Solana hold the potential to significantly alter our digital experiences and financial systems. Airdrops can offer an attractive opportunity to engage with such technologies and projects.

However, scammers aiming to exploit your curiosity and assets are always lurking. The information presented here regarding “Solana airdrops” is a prime example.

To act safely and intelligently in the cryptocurrency world, you must critically assess where information originates and its intent. The three rules outlined—verifying official sources, exercising caution with wallet connections, and being wary of enticing promises—are fundamental defenses for your digital assets.

By staying informed, maintaining a strong sense of self-defense, and continuously updating your knowledge, you can navigate the exciting world of cryptocurrency while protecting your investments. Let’s build a safer and more prosperous digital future together.

Mastering the Pi2Day Challenge: Deep Dive into the Pi Network Ecosystem & Claim Your Exclusive Badge

For the Pi Network community, June 28th holds special significance each year. Along with March 14th, designated as “Pi Day” after the approximation of pi (π) as 3.14, June 28th is celebrated as “Pi2Day” to commemorate the progress and growth of the Pi Network ecosystem. This year, the “Pi2Day 2025 Challenge” is being held, offering many Pioneers (Pi users) the opportunity to participate and earn an **exclusive badge**. You can acquire it in about 10 minutes if you follow the steps smoothly.

This article provides a **comprehensive and easy-to-understand** guide, from the purpose of the Pi2Day 2025 Challenge to the specific steps for earning the badge, and solutions to common questions and issues encountered during participation. We hope this article serves as a powerful guide for those who have yet to earn their badge or are planning to participate, deepening their understanding of the Pi ecosystem and helping them claim their badge smoothly.

Pi2Day: The Pi Network Celebration and Its Significance

Pi2Day is an annual community-wide celebration hosted by Pi Network. Its main purpose is to celebrate Pi Network’s evolution and encourage users to actively explore and experience the diverse utilities offered by the Pi ecosystem. The current “Pi2Day 2025 Challenge” provides an excellent opportunity not only to earn a badge but also to engage with the latest features and initiatives of Pi Network.

The Pi2Day 2025 Challenge is a significant event designed to invigorate the Pi community and encourage exploration of its ecosystem. Through this challenge, Pioneers can directly experience Pi’s evolution and share expectations for its future.

Earning the badge by completing the challenge serves as a testament to your contribution and understanding of the Pi ecosystem. Understand that this is more of a symbolic gesture, demonstrating your contribution to Pi Network’s long-term growth and development and your status as a member, rather than a significant visible monetary reward.

Steps to Earn Your Pi2Day Badge: Detailed Explanation of All Tasks

To earn the Pi2Day badge, you need to complete several specified tasks. Here, we will explain each step in detail, one by one.

Step 1: Explore Pi App Studio

In this step, you will explore **”Pi App Studio,”** the application development environment on Pi Network. Pi App Studio provides tools for developers to create Pi apps even without coding experience, making it an essential component for the expansion of the Pi ecosystem.

  • Purpose: To understand what kind of applications are being developed on Pi Network and how development tools are provided.
  • Procedure:
    1. Tap the “Pi2Day” banner on the Pi Network app’s home screen.
    2. On the challenge page that appears, find “EXPLORE Pi APP STUDIO” or a similar item and tap the “Confirm” button.
    3. Once you navigate to the Pi App Studio page, briefly browse the content. You do not need to actually develop anything.
    4. After browsing, use the app’s “Back” button to return to the Pi2Day challenge page. At this point, confirm that the corresponding item has a checkmark.

Step 2: Experience the Pi Ecosystem

Next, you will experience some of the elements that constitute the entire Pi Network ecosystem. This includes checking apps operating on the Mainnet (Pi Network’s actual blockchain) and exploring the Pi Domain Auction.

  • Purpose: To learn about apps already available on Pi Network’s Mainnet and new features such as domains.
  • Procedure:
    1. On the Pi2Day challenge page, tap “EXPLORE THE ECOSYSTEM” or “Explore Pi Domain Auction,” etc.
    2. “Check Mainnet Apps and Staking”: Review applications connected to the Pi Network Mainnet. This is where Pi holds actual value, and you can understand how apps utilize Pi.
    3. “Overview of Pi Domain Auction”: Examine the auction system for domain names (e.g., .pi) used on the Pi blockchain. This can become an important asset within the Pi ecosystem.
    4. After reviewing the content on each page, return to the original challenge page and confirm that a checkmark appears.

Step 3: Spread the Spirit of Pi2Day

In this step, you participate in activities to spread the Pi2Day event within and outside the community. This includes downloading official banners and checking your Mainnet migration status.

  • Purpose: To support the Pi2Day event and confirm that your Pi Network account is ready for Mainnet migration.
  • Procedure:
    1. On the Pi2Day challenge page, tap “DOWNLOAD THE Pi2DAY BANNER” and download the provided Pi2Day-related banners or images. These can be used when sharing the event on social media, etc. (This is the image at the top of the article.)
    2. Concurrently, check the Mainnet Checklist items. This typically includes the following tasks (automatically checked if already completed):
      • Create and activate a Pi Wallet
      • Complete KYC (Know Your Customer)
      • Migrate to Mainnet and lock up Pi
      • Node verification (for Node operators only)
    3. Review the status of these tasks and proceed with any uncompleted items if necessary.

Step 4: Engage with the Community on Fireside Forum

**”Fireside Forum”** is the official social application of Pi Network. In this step, you will deepen your interaction with the community by making a post there.

  • Purpose: To interact with the community and participate in information sharing on Pi Network’s official social platform.
  • Procedure:
    1. On the Pi2Day challenge page, tap “CELEBRATE ON FIRESIDE FORUM” to access Fireside Forum.
    2. Tap the “Add a post” button and post a Pi2Day congratulatory message, etc. For example, the admin posted “Happy Pi Day.”
    3. Important: Posting may require a small amount of Pi tokens. Don’t worry if you don’t have tokens. You can often **earn tokens for free** by using the “Watch an ad” feature within the forum. Watch an ad to get tokens, then use those tokens to make your post.
    4. Once your post is complete, return to the Pi2Day challenge page and confirm that a checkmark appears. It may take a few minutes for your post to be reflected.
  • Note: Fireside Forum tokens can also be earned through contributions to the Pi ecosystem or tips from other users, besides watching ads. Watching ads is a convenient way to temporarily get tokens when needed. Watching ads is an easy and recommended method.

Step 5: Connect on Social Media

This step is very simple and recommends following Pi Network’s official social media accounts.

  • Purpose: To receive the latest information and announcements from Pi Network in real-time by following official social media.
  • Procedure:
    1. On the Pi2Day challenge page, tap “FOLLOW ON SOCIAL MEDIA.”
    2. Follow Pi Network’s official Twitter (X), Facebook, or other accounts that appear.
    3. After following, return to the Pi2Day challenge page and confirm that a checkmark appears.

Step 6: Claim Your Rewards and Obtain the Badge

Once all tasks are completed, you will finally proceed to claim the Pi2Day badge. This is usually associated with a change in your account’s username color.

  • Purpose: To finally obtain the Pi2Day badge as a reward for completed tasks.
  • Procedure:
    1. Once all tasks have checkmarks, tap “CLAIM REWARDS” or a similar item on the Pi2Day challenge page.
    2. Follow the instructions and perform the final action to claim your reward, such as changing your username color.
    3. The Pi2Day badge will now be granted to your Pi Network account, completing your acquisition. Recently, some people post on forums to verify their username color change. Please refrain from such posts as they can be bothersome to others.
  • Verification: You can confirm your badge acquisition within the app.

Screenshot of Pi Network app showing the Pi2Day badge claiming process

Stuck on the Pi2Day Badge? Troubleshooting and Solutions

Even after trying the steps above, you might encounter unexpected issues, such as a checkmark not appearing or the app freezing. Here’s how to troubleshoot those situations:

  • If the app is unresponsive or the checkmark doesn’t appear:
    • Restart the Pi Network app: First, completely close the Pi Network app and restart it. In many cases, this resolves the issue.
    • Restart your smartphone: If restarting the app doesn’t work, try completely powering off your smartphone and restarting it. This can resolve system cache issues or temporary glitches.
    • Check internet connection: Ensure you are connected to a stable Wi-Fi or mobile data connection.
  • Fireside Forum token shortage issue:
    • As mentioned, if you need tokens to post on Fireside Forum, confirm that there is an option to **earn tokens for free by watching ads within the app**. This feature is helpful for temporarily replenishing tokens.
    • Alternatively, if you have already migrated to Mainnet, you can transfer Pi tokens held in your Pi Wallet to Fireside Forum for use.

By trying these basic troubleshooting methods, most problems should be resolved.

Beyond the Pi2Day Badge: The Future and Potential of Pi Network

Earning the Pi2Day badge holds more meaning than simply acquiring a digital collectible. It is proof that you are a Pioneer who deeply understands the Pi Network ecosystem and is actively involved in its growth.

Through this challenge, you will have experienced a glimpse of the diverse utilities offered by Pi Network, such as development tools like Pi App Studio, Mainnet apps, and community platforms like Fireside Forum. All of these serve as the foundation for Pi’s eventual transition to an open Mainnet, bringing broader utility to the world.

Pi Network is more than just a cryptocurrency project; it aims to build a decentralized ecosystem accessible to everyone worldwide. We hope that earning this badge, a small step, will become a significant driving force for jointly realizing this grand vision.

Conclusion: Take Your Next Step as a Pioneer by Earning the Pi2Day Badge

In this article, we have provided **detailed steps for surely earning the Pi2Day badge and solutions to common problems** through the Pi Network’s “Pi2Day 2025 Challenge.” By carefully executing each task, from exploring Pi App Studio to engaging in the Fireside Forum community, you should be able to obtain your badge without confusion.

The Pi2Day badge is a testament to your active contribution to the Pi Network community and your effort to deeply understand its ecosystem. We hope that this badge will spark further interest and passion for Pi Network’s vision for the future—the realization of a decentralized ecosystem where everyone can utilize Pi.

For the latest information on Pi Network and further learning resources, we recommend referring to the official Pi Network website and whitepaper. As a Pioneer contributing to the future digital economy, we support your next learning steps.

What is the ‘Public Key’ Displayed on Pi Network Nodes? Its Role and Latest Updates Explained

Recently, reports have been circulating among users operating Pi Network desktop nodes that a **”Public Key”** has started appearing within the application. What exactly does this mean? Many might be confused by this sudden display.

This article aims to objectively and clearly explain the technical significance of this “Public Key” appearing on Pi Network desktop nodes and how it contributes to the network’s evolution, making it easily understandable even for those without specialized knowledge.

This Public Key plays a crucial role in building the decentralized ecosystem that Pi Network strives for. We will delve into its full scope, from node identification to enhanced security and future feature expansions. Furthermore, we will thoroughly cover the latest Pi Network updates related to the Public Key’s introduction.

By the time you finish reading this article, you will not only grasp the concept of the Public Key but also accurately understand the core of how Pi Network continues to evolve, thereby deepening your comprehension of this project.

The Emergence and Background of the “Public Key” in Pi Network

The display of the “Public Key” that Pi Network desktop node users have recently begun to see is a significant sign of the network’s evolution. What exactly does it mean, and why is it appearing now?

Meaning of the “Public Key” Display on Desktop Nodes

The Public Key displayed in the Pi Network node application is not just a random string of alphanumeric characters. It is a vital technical element designed to strengthen the role and security of each node as Pi Network progressively moves towards Mainnet. You can think of this Public Key as a “digital ID” that confirms your node is properly connected to the Pi Network and is functioning as part of its ecosystem.

This display has been introduced as part of Pi Network’s planned updates and is an indispensable component for enhancing the integrity and reliability of the blockchain, which is the network’s foundational technology.

What is the Decentralized Ecosystem Pi Network Aims for?

Pi Network is a new type of cryptocurrency project that allows users to “mine” Pi coins (Pi) easily from their smartphones. Its ultimate goal is to build a truly decentralized ecosystem based on the spirit of Web3. In this ecosystem, users can manage their digital assets and conduct transactions or use applications without centralized intermediaries.

Nodes are the cornerstone of this decentralized ecosystem, playing a critical role in verifying blockchain transactions and maintaining the network’s security and stability. The introduction of the Public Key clarifies the role of these nodes and enhances security, bringing Pi Network one step closer to realizing its vision of a decentralized world.

The Role of the “Public Key” in Pi Network

The Public Key displayed on nodes is more than just an identifier; it plays an extremely critical role in Pi Network’s security and future feature expansion. What specific functions does it have?

Role as a Node’s “Digital ID”

  • Unique Identifier: A Public Key is a unique code that uniquely identifies each user’s node. This allows the network to safely and reliably recognize which node is performing what activities.
  • Verification of Network Contribution: Contributions made by a node to the Pi blockchain network (e.g., transaction verification, security cooperation) are verified and authenticated through this Public Key. This establishes a mechanism ensuring that only legitimate participants can contribute to the network.

Foundation for Robust Security and Reliability

The Public Key is a foundational element of cryptographic technology, dramatically enhancing overall network security.

  • Cryptographic Verification: The Public Key is used in digital signature and encryption processes to cryptographically guarantee the legitimacy of transactions conducted on the network. This prevents data tampering and unauthorized access, maintaining network integrity.
  • Participation in Consensus Processes: In blockchains like Pi Network, a **consensus process** is essential, where multiple participants (nodes) collaborate to verify transactions and reach a collective agreement. The Public Key enables each node to participate in this process securely and reliably, thereby enhancing the overall trustworthiness of the network.

    Imagine this: A blockchain is like a “digital ledger that everyone monitors and cannot be tampered with.” When new information is written to this ledger, each node uses its “Public Key” to “sign” that the information is correct, and everyone verifies it together, thus maintaining the ledger’s reliability.

A Crucial Stepping Stone for Future Feature Expansion

The introduction of this Public Key also serves as an important foundation for new features that Pi Network plans to implement in the future.

  • Integration with DApps (Decentralized Applications): The Public Key enables seamless integration with **DApps** (e.g., DeFi services, NFT marketplaces) operating on the Pi blockchain. This allows users to access a wider variety of services within the Pi ecosystem.
  • Streamlined Inter-node Communication: In the future, it is also expected that the Public Key will facilitate secure and efficient communication between nodes, contributing to improved overall network performance and scalability.

Latest Pi Network Updates: Key Developments Announced on Pi Day/Pi2Day

The introduction of the Public Key is part of the large-scale, periodic updates announced by Pi Network. Significant announcements that accelerate network evolution are often made during milestones such as Pi Day (March 14) and Pi2Day (June 28).

Network Optimization Through AI Technology Integration

Pi Network has announced plans to integrate AI (Artificial Intelligence) technology for network scaling and improvement. This is expected to bring the following benefits:

  • Streamlined KYC (Know Your Customer) Process: Leveraging AI will make the user identity verification process faster and more accurate, enabling more Pioneers to migrate to the Mainnet.
  • Enhanced Node Functionality and Improved Scalability: AI will also contribute to optimizing node performance and increasing the network’s overall processing capacity, building a robust infrastructure capable of supporting more users and transactions.

Improved User Experience

Improvements have also been made to the desktop application to make Pi Network more comfortable for users.

  • Window Resizing Functionality: The desktop application window size can now be adjusted, allowing for display tailored to the user’s environment and preferences. This is an example of Pi Network’s commitment to user-friendliness.

Current Status of Pi Coin and Market Impact

While the source information mentions that “Pi Coin’s price dropped by 16%,” Pi Coin is currently **not officially listed on any major cryptocurrency exchanges, and therefore has no official market price.**

However, discussions about Pi’s **”value”** and transactions in the form of **IOUs (I Owe You notes)** may occur within the Pi Network community and on some unofficial platforms. The “price fluctuation” in the source likely refers to temporary shifts in valuation in such unofficial markets.

Pi Network prioritizes user base expansion and ecosystem maturity, taking careful steps towards official Mainnet launch and market listing. Therefore, instead of being swayed by unofficial price fluctuations at this stage, it is crucial to focus on the project’s progress and long-term vision.

What Pi Network Node Operators and Users Should Know

What do these technological advancements mean for Pi Network participants? Are any special actions required regarding the Public Key display?

Generally, No Special User Action is Required

Even if the Public Key appears on your node, **no special action is required from the user at this time.** This Public Key is primarily used for network-level operations and security. Unless explicitly instructed by the Pi Network team, users are not expected to configure or change anything on their end.

This also demonstrates Pi Network’s commitment to abstracting technical complexities from users, aiming for easy participation for everyone.

The “Public Key” for Node Operators

If you are operating a Pi Network node, the display of the Public Key is proof that your node is properly recognized as part of the network and is contributing to the Pi blockchain’s **consensus mechanism**. This means you are contributing to the decentralization and security maintenance of Pi Network, fulfilling an important role as a Pioneer.

Further Information Sources and Future Outlook

It is always recommended to check for the latest and most accurate information about Pi Network through the official Pi Network blog and official announcements. Avoiding unreliable information and gaining knowledge from trustworthy sources is crucial for participating in this evolving ecosystem.

Moves such as the introduction of the Public Key, the utilization of AI technology, and improvements in user experience indicate that Pi Network is steadily progressing towards a decentralized future. Let’s continue to observe how Pi Network evolves in the future.

Conclusion

The **”Public Key”** that has begun appearing on Pi Network desktop nodes is not merely a new element; it is indispensable for building the security, reliability, and future scalability of the decentralized ecosystem that Pi Network aims to achieve. It enables unique identification of nodes, enhances cryptographic verification of transactions, and steadily prepares for future functionalities like DApp integration.

Alongside the Public Key’s introduction, Pi Network has announced a wide range of updates through milestones like Pi Day and Pi2Day, including AI technology integration and user experience enhancements. While Pi Coin does not yet have an official market price, these technological advancements demonstrate the project’s steady progress towards its long-term vision.

Regardless of whether you are a node operator or not, this Public Key is a significant milestone indicating Pi Network’s maturity. While special actions are typically not required, understanding this mechanism will help you deeply comprehend how the network you are participating in functions and evolves.

Pi Network’s future is shaped by the understanding and participation of each Pioneer. Take this opportunity to deeply understand the role of the Public Key and the latest developments in Pi Network, and take a step towards further learning and contribution. The evolution of Pi Network is accelerating right now.

A Comprehensive Guide to Ecosystem Directory Staking on Pi Network

As the digital economy evolves towards Web3, the principle of “community-driven” development is gaining increasing importance in application ecosystems. While existing Web2 platforms rely on centralized algorithms and advertising revenue, Pi Network aims to build a user-driven, decentralized ecosystem.

Against this backdrop, Pi Network has introduced a groundbreaking new feature: “**Ecosystem Directory Staking**.” This goes beyond a mere app ranking mechanism; it’s a novel endeavor designed to empower Pioneers (Pi Network users) to actively contribute to the growth of the Pi ecosystem and facilitate the discovery of high-quality applications.

This article will delve deep into the core of Pi Network’s Ecosystem Directory Staking. We will explain its purpose, concrete mechanics, the benefits and considerations of participating, and the future Pi Network aims to achieve through this feature – all presented in a way that allows for a deep and accurate understanding, even without prior specialized knowledge. Let’s explore together how your Pi can influence the future of the ecosystem.

What is “Ecosystem Directory Staking”? Its Purpose and Core Concepts

In this section, we will delve into the fundamental idea behind Pi Network’s Ecosystem Directory Staking and the goals it aims to achieve.

“Ecosystem Directory Staking” is a mechanism where Pi Network Pioneers (users) **lock up** (deposit) their **Pi** (Pi: Pi Network’s native cryptocurrency) to support specific applications (**Pi apps**) or utilities within the Pi ecosystem.

The primary purpose of this feature is to **identify high-quality Pi apps within the ecosystem and enhance their visibility**. By staking Pi on a particular app, its ranking within the ecosystem interface improves. This design ensures that apps genuinely providing value to the community gain more exposure to users.

Pi Network emphasizes that this process is **decentralized** and **fair**. Unlike the algorithmic biases or ranking manipulation by advertising costs often seen on Web2 platforms, the goal is for app visibility to be determined solely by genuine user support.

“This staking feature provides a decentralized and transparent app evaluation mechanism, free from algorithmic bias and advertising influences seen in Web2.”

How Staking Works: How Your Pi Is Used and What You Gain

Here, we will explain in detail how “Ecosystem Directory Staking” concretely functions, how your Pi is utilized, and what you “gain” from it.

Staking Process and Its Impact on App Ranking

Ecosystem Directory Staking is accessible within the “**Pi Browser**,” Pi Network’s dedicated browser. Pioneers can access the ecosystem section in Pi Browser, select the Pi app they wish to support, and then set the amount of Pi to stake and the duration.

The staked Pi **directly contributes to improving the selected app’s ranking within the ecosystem**. This means that the more Pi staked for a specific app, and for a longer duration, the higher that app is likely to appear in the directory.

Crucial Point: No Direct Rewards from Pi Network

In typical cryptocurrency “staking,” additional crypto assets are often paid as rewards for deposited assets. However, Pi Network’s Ecosystem Directory Staking **does not offer direct rewards from Pi Network itself**.

This is a significant difference, indicating that Pi Network prioritizes community contribution and overall ecosystem growth through this feature, rather than speculative motives.

Potential Incentives from Third-Party Developers

So, why would Pioneers stake Pi without rewards? The key lies in the incentives offered by **third-party developers** creating each Pi app. According to Pi Network’s official statement, app developers can set their own unique incentives for users who participate in staking, in any of the following forms:

  • Exclusive features: Special features available only to staked users.
  • Better user experience: Perks that improve the quality of experience, such as ad removal or faster processing.
  • In-app rewards: Virtual currency, items, points, or other rewards usable within that specific app.
  • Promotions: Access to limited sales or discounts.
  • Or nothing at all: Incentives are at the app developer’s discretion, so there may be no rewards whatsoever.

Thus, the presence and nature of incentives vary greatly depending on the app where Pi is staked. Therefore, it is **essential to thoroughly check** what incentives (or lack thereof) the app you wish to support offers before proceeding with staking.

Safety of Staked Pi: Return After Term Completion

Once the set staking period ends, the staked Pi will be **automatically returned to the original Pioneer’s account**. Pi is not permanently lost; it is only temporarily locked. However, it’s important to note that once staking begins, it cannot be canceled during the set period.

Benefits and Considerations for Participation: For a Wise Decision

When considering participation in this new feature, we will objectively delve into the expected benefits and the points to be aware of.

Contribution to the Ecosystem and Expectation of Pi Value Enhancement

The greatest benefit of participating in Ecosystem Directory Staking is the ability to **directly contribute to the realization of the decentralized Web3 ecosystem** that Pi Network aims for.

  • Promote the growth of quality apps: Your Pi helps popularize truly valuable Pi apps within the community. This is expected to vitalize the entire Pi ecosystem.
  • Expand Pi’s use cases: By being utilized within the ecosystem, rather than just being a digital asset, Pi’s **practical value (use cases)** expands. This can lead to Pi’s long-term value appreciation.
  • Strengthen community engagement: As Pioneers actively engage with the ecosystem, a strong relationship between users and developers is built, fostering a more vibrant community.

It can be said that this feature embodies Pi Network’s philosophy of not just holding Pi, but **”building” its future together**.

Points to Confirm Before Participating

On the other hand, there are several points to be aware of when participating in this feature.

  • Uncertainty of rewards: As mentioned, there are no rewards from Pi Network itself, and incentives are at the discretion of third-party developers. It’s possible that there will be no incentives, or that their value will not meet expectations. It is crucial not to overly expect monetary returns from staking.
  • Restriction on Pi usage during the lock-up period: Staked Pi is locked for the set period and cannot be freely traded or transferred. It is recommended to participate with surplus Pi to avoid inconvenience from locking up necessary Pi.
  • Overall project progress and future prospects: Pi Network is currently still in its development phase, progressing towards Mainnet migration and full ecosystem operation. While Ecosystem Directory Staking is an important step, it is wise to consider participation with an understanding of Pi Network’s overall progress and future prospects.

Future Outlook: Evolution of the Pi Network Ecosystem

Finally, we will consider the future Pi Network aims for through Ecosystem Directory Staking, and how it could contribute to the evolution of Web3.

Ecosystem Directory Staking is a crucial step towards realizing the “**community-driven Web3 ecosystem**” championed by Pi Network. A mechanism where users themselves discover valuable content and services within the ecosystem and support their growth, without the intervention of centralized administrators, represents an ideal vision of Web3.

If this feature succeeds, Pi Network has the potential to transcend being merely a cryptocurrency project and present a new model for a digital economy where users and developers cooperate and coexist. A virtuous cycle is anticipated, where high-quality Pi apps grow with user support, attracting more users and expanding the entire Pi ecosystem.

Of course, many challenges still exist, such as the diversity of incentive designs by third-party developers and the overall maturity of the Pi ecosystem. However, Ecosystem Directory Staking is proof that Pi Network is serious about pursuing a decentralized future, and its evolution will be a very interesting case study for the future of Web3.

Conclusion: Building a New Digital Ecosystem with Pi Network

In this article, we have thoroughly explained Pi Network’s “Ecosystem Directory Staking,” covering its purpose, mechanism, benefits, and considerations. This new feature plays a crucial role in the community-driven, decentralized Web3 ecosystem that Pi Network aims for.

Unlike typical staking for rewards, this feature is designed for Pioneers to contribute to the development of the Pi ecosystem and support truly valuable applications. By locking your Pi, you can boost the ranking of your favorite Pi apps and contribute to the overall vibrancy of the Pi ecosystem. This can create a positive cycle that may lead to the long-term appreciation of Pi’s value.

Pi Network is more than just a cryptocurrency. It holds a grand vision of building a new digital frontier accessible and contributable by people worldwide. Ecosystem Directory Staking is just one step towards realizing that vision. So, why not join Pi Network on the journey to design the future of a new digital ecosystem?

We recommend experiencing this new feature through Pi Browser and checking official Pi Network information to deepen your understanding.

Onram.money Joins Pi Network KYB: What This Means for Easier Pi Coin Purchases and Key Considerations

Pi Network has grown into a project with tens of millions of users worldwide, striving to realize its grand vision of “cryptocurrency for everyone.” Indispensable to this vision is the KYB (Know Your Business/Customer) process, which ensures user trustworthiness and network health. Pi Network is currently in its “Enclosed Mainnet” phase, and its evolution is constantly watched.

Amidst this, there has been a recent development in Pi Network’s KYB section. Information has circulated within the community that new crypto on-ramp/off-ramp services, “Onram.money” and “Onramper,” have been added.

What impact will this development have on the future of Pi Network? And what possibilities will it open up regarding the “purchase” of Pi Coin, which many Pioneers have been interested in? This article objectively delves into the significance of Onram.money’s addition to the Pi Network ecosystem and important precautions Pioneers should be aware of.

Introduction: Pi Network’s Current State and the Importance of KYB

The grand vision of Pi Network is to create “cryptocurrency for everyone.” To achieve this, the KYB (Know Your Business/Customer) process, which ensures user trustworthiness and network health, is indispensable. This article focuses on a recent addition to the KYB section, Onram.money, and thoroughly explores its potential impact on the Pi Network ecosystem.

  • Pi Network’s Vision: It aims to build a fairer and more accessible cryptocurrency ecosystem, replacing centralized financial systems. Its ease of mining via smartphones has attracted many new users.
  • The Role of KYB (Know Your Business/Customer): This refers to identity verification for businesses and customers, essentially the same process traditional financial institutions use to prevent fraud and money laundering. In Pi Network, KYB plays a central role in ensuring ecosystem trustworthiness and security by verifying that real humans participate in the network and eliminating bots or fraudulent accounts. This maintains a healthy transaction environment and provides a foundation for a smooth transition to the future open mainnet.
  • Expectations for Mainnet Transition and Liquidity: Pi Network is currently in the “Enclosed Mainnet” phase, where the value of Pi is said to arise only from exchange for goods and services within the Pi ecosystem. During this phase, utility building within the ecosystem and community expansion are progressing. The addition of Onram.money/Onramper is noted as part of infrastructure development aimed at improving liquidity and preparing for a future open mainnet.

New Development in Pi Network’s KYB Section: The Emergence of Onram.money and Onramper

Pi Network’s KYB (Know Your Business/Customer) plays a central role in enhancing community safety and trustworthiness. Recently, two new services, Onram.money and Onramper, have been confirmed as added to this crucial section. Let’s explore what these services are and why they have been integrated into Pi Network now.

Previously, Pi Network’s KYB section displayed existing crypto asset services like Banxa and Simplex as partners, serving as gateways for users to access Pi with fiat currency. However, with this update, Onram.money and Onramper have been added as options.

These services are generally platforms that provide “on-ramp” functionality. An on-ramp refers to a service that acts as an “on-ramp to a highway,” allowing users to purchase crypto assets using fiat currency (e.g., Japanese Yen or US Dollars). Conversely, a service that exchanges crypto assets for fiat currency is called an “off-ramp.”

The intention behind Onram.money and Onramper appearing in Pi Network’s KYB section is believed to be part of infrastructure development, enabling Pi Network Pioneers (users) to access Pi Coin more easily and use it within the ecosystem in the future.

What is Onram.money? Its Functions and Impact on Pi Network Users

Onram.money, newly added to Pi Network’s KYB section, is a platform that provides crucial “on-ramp” functionality, connecting the world of crypto assets with the world of fiat currency. This section will delve into Onram.money’s specific functions, particularly its relevance to Pi Coin, and how it may impact Pi Network users.

Onram.money Overview and Key Functions

Onram.money is a platform that primarily offers “Buy and Sell and Swap Crypto” functionalities. It supports the trading of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). A key feature is its ability to allow users to utilize various familiar payment methods.

Important Considerations Regarding Pi Coin “Purchase” Possibilities

Source information suggests the possibility of selecting “P” (presumably referring to Pi) on the Onram.money website and purchasing Pi Coin through local E-wallets (Shopee Pay, GoPay, Dana, etc.), QRIS, or bank transfers. This appears to be a groundbreaking solution, especially for Indonesian Pioneers, allowing access to Pi Coin without needing stablecoins like USDT.

However, here is the most critical point to note:

Pi Network is currently in the “Enclosed Mainnet” phase, and it is officially restricted from being listed on external exchanges or directly exchanged with fiat currency. The official value exchange of Pi is currently only possible through the exchange of goods and services within the Pi ecosystem.

Whether the “Pi” offered on Onram.money refers to Pi Network’s Mainnet Pi, Testnet Pi, or unofficial transactions anticipating the future Open Mainnet (e.g., something like an IOU or a service brokering P2P transactions) is uncertain information unless there is a clear statement from Pi Network official sources.

If Pi Network’s Mainnet Pi could be purchased with fiat currency on Onram.money, it could potentially contradict Pi Network’s current Mainnet policy, and the legality and safety of such transactions might not be guaranteed. Users are strongly advised to thoroughly review official Pi Network announcements and the terms and conditions of the platforms they use, acting at their own discretion and responsibility.

Supported Payment Methods and Fees

Onram.money supports a variety of payment methods. According to source information, the following methods are indicated, especially in Indonesia:

  • E-wallet: Dana, GoPay, Shopee Pay, etc.
  • QRIS: Indonesia’s unified QR code payment system, supporting multiple payment apps.
  • Bank Transfer

Fees for purchasing Pi Coin are also mentioned (e.g., for a 10,000 Rupiah purchase):

  • Gas fee: 300 Rupiah
  • Blockchain fee: 174 Rupiah (equivalent to 0.02 Pi)
  • Payment Gateway fee: 5,000 Rupiah

It’s important to note that these fees are Onram.money’s service fees and are not directly charged by Pi Network itself.

Global Expansion and Partnerships

Onram.money is stated to be available in over 60 countries and supports more than 400 tokens. It also emphasizes partnerships with major cryptocurrency exchanges, wallets, and projects, including:

  • Binance
  • MetaMask
  • Bybit
  • Coinbase
  • Circle
  • And others like BingX, Bookoin

These partnerships suggest that Onram.money is a platform with a certain level of trust and track record in the crypto industry.

Implications for the Pi Network Ecosystem and Future Outlook

Onram.money’s integration suggests Pi Network’s intention to improve user accessibility as it moves towards the Open Mainnet. We will consider what implications this development has for the entire Pi Network ecosystem and how it connects to future prospects.

Possibilities for Pi Network

  • Improved Accessibility: If Onram.money were to handle Pi Network’s Mainnet Pi safely and legally, many Pioneers might be able to easily purchase Pi Coin with fiat currency. Especially by supporting region-specific payment methods, Pi Network could potentially expand to layers that were previously difficult to access.
  • Promoting Ecosystem Participation: Easier Pi Coin purchases could vitalize participation in DApps (decentralized applications) within the Pi app and services within the Pi ecosystem, potentially increasing Pi Coin’s utility.
  • Infrastructure Development for Future Open Mainnet: A fiat gateway is essential when Pi Network transitions to an Open Mainnet. The integration of services like Onram.money can be seen as a preparatory stage for this.

Challenges to Overcome and Precautions

While expectations are high, there are also challenges to overcome and precautions to consider.

  • Securing Official Pi Coin Liquidity: As mentioned, Pi Network is still in the Enclosed Mainnet phase, and official exchange listings or direct fiat currency exchanges for Pi Coin are restricted. If “Pi Coin purchase” on Onram.money indeed refers to Mainnet Pi, it must align with Pi Network’s official movements. A clear announcement from the Pi Core Team is awaited on this matter.
  • Regulatory Compliance: Regulatory frameworks for crypto assets are evolving worldwide. If a service like Onram.money partners with Pi Network to enable fiat currency exchange, compliance with each country’s regulations is crucial.
  • User Understanding and Literacy Improvement: When new technologies and services are introduced, it is essential for users to correctly understand their mechanisms and risks. Especially in crypto asset transactions, it is necessary to always verify official information sources and make calm judgments to avoid being misled by scams or misinformation.

Integrating external services like Onram.money has the potential to accelerate Pi Network’s development towards realizing its vision. However, this process should proceed cautiously and transparently.

Summary: Pi Network’s Evolution and What You Need to Know

The addition of Onram.money to Pi Network’s KYB section holds the potential to signify a major step towards improved Pi Coin accessibility. Onram.money’s fiat on-ramp functionality and diverse payment methods have the potential to lower the barrier to entry for crypto assets, especially for users in emerging countries.

However, it is crucial to correctly understand the true significance of this development and maintain a calm perspective without excessive expectations. Specifically, it must not be forgotten that Pi Network is currently in the “Enclosed Mainnet” phase, and it is officially restricted from being listed on external exchanges or directly exchanged with fiat currency. Regarding how the suggested “Pi Coin purchase” on Onram.money aligns with the current rules of Pi Network, continued attention to official announcements from the Pi Core Team is necessary.

Pi Network continues to steadily build its ecosystem to realize its vision. Partnerships like Onram.money hold the potential to be a crucial part of this process, but understanding based on accurate information and cautious judgment at your own responsibility are always required.

While anticipating Pi Network’s further development, always check official information and strive for safe and knowledge-based actions.

Next Steps: Deep Dive into Pi Network Information

Staying updated on Pi Network’s latest developments and official announcements is essential for understanding its progress. Let’s delve deeper into knowledge and observe Pi Network’s evolution using the following methods:

  • Regularly check the Pi Network official website and in-app announcements: These are the most reliable sources of information. Important updates will be announced here.
  • Acquire basic knowledge of cryptocurrency and blockchain: To deeply understand Pi Network, fundamental knowledge such as crypto on-ramp/off-ramp, P2P transactions, and blockchain mechanisms will be helpful. Utilize reliable learning resources.
  • Caution: Always be vigilant against Pi Network-related scams and misinformation, and be careful not to easily share personal information or wallet passphrases.

We hope this information helps you understand the current state and future of Pi Network. The Pi Network journey has just begun. Let’s observe its evolution with a calm and informed perspective.