Hello everyone, I am Zuo Er
Today I will give you a detailed introduction to the Social Summer, a 10 million reward event launched by POPP and 200+ project parties!
And how to participate, what rights and rewards ordinary users can get, etc., a comprehensive explanation of the event details from multiple angles!
Before participating in the event, let's first understand a concept TBA
What is TBA?
TBA (Token Bound Account) is a core concept in the ERC-6551 standard. It allows each NFT (especially NFTs in the ERC-721 standard) to have an independent account for storing and managing other assets, such as tokens and other NFTs. TBA is implemented through smart contracts and managed by the contract, rather than controlled by private keys in the traditional sense.
Basic concepts and functions of TBA
Token binding account :
Each ERC-6551 NFT is bound to a specific account, which is created and managed by a smart contract.
The account can store and manage other tokens (such as ERC-20 and ERC-721 tokens), giving NFTs additional functionality and value.
Smart Contract Control :
TBA is controlled by smart contracts, not by individual private keys. Smart contracts define the operation logic and permissions of TBA.
Through smart contracts, complex operational logic can be implemented, such as multiple signatures, time locks, operation limits, etc.
Enhanced features and applications :
Asset Management : TBA can independently manage and operate assets, making each NFT not only a static digital asset, but also a dynamic asset management tool.
Application scenarios : TBA can play a role in various application scenarios such as games, DeFi, collectibles, etc. For example, a game character NFT can store and manage the character's equipment and props through TBA.
How TBA works
Create and bind :
When an ERC-6551 NFT is created, the smart contract simultaneously creates a TBA and binds it to the NFT.
This TBA is managed through a smart contract and is associated with a specific NFT.
Operation and Management :
Users holding NFTs can interact with TBA through the smart contract interface and perform various operations such as transferring assets, purchasing items, etc.
Smart contracts control the operation of TBA according to preset logic and permission rules.
Safety and protection :
Since TBA is controlled by smart contracts, it can implement additional security measures such as multi-signatures, time locks, and operation limits to increase the protection of assets.
Even if the private key of the main account holding the NFT is stolen, the attacker still needs to break through the protection layer of the smart contract to access the assets in the TBA.
example
Suppose you own a character NFT in a game, and this character NFT is bound to a TBA. Here’s how it works:
Character NFT and TBA binding :
- When a character NFT is created, the smart contract creates a TBA and binds it to the character NFT.
Storage Equipment and Tokens :
- TBA for character NFTs can store in-game equipment (as other NFTs) and game tokens (ERC-20).
Operation logic :
You can purchase, transfer, or use equipment and tokens in TBA by interacting with smart contracts.
Smart contracts control these operations based on preset permission rules (such as multi-signatures or time locks) to ensure security.
Summarize
TBA (Token Bound Account) is an important concept in the ERC-6551 standard, which allows each NFT to have an independent account for storing and managing assets. Through smart contract control, TBA provides enhanced functionality and security, allowing each NFT to play a role in more application scenarios.
At this point, you must have a preliminary understanding of TBA. Next, let's learn what Popp Social Summer's introduction of TBA can bring to ordinary users? And what are the application scenarios and functions of TBA in the social track?
In social platforms or social applications, TBA (Token Bound Account) can play several important roles to enhance user experience, security and functionality. Here are some specific application scenarios and functions:
1. Identity management and verification
Decentralized Identity :
Each user’s identity can be bound to a TBA so that the user’s identity information and authentication can be managed and verified through smart contracts.
Through TBA, users can have a decentralized identity that is not dependent on a single centralized service provider.
Multi-platform identity :
- Users can use the same TBA for authentication on multiple platforms, achieving cross-platform identity consistency and interoperability.
2. Content Creation and Ownership
Digital Content Management :
User-generated digital content (such as articles, pictures, videos, etc.) can be stored in TBA to ensure the ownership and source of the content.
Through smart contracts, users can control access and usage rights of content and protect the copyright of original content.
Creator Incentives :
TBA can be used to manage creators’ income and rewards, such as rewards and revenue distribution through tokens or NFTs.
Smart contracts can automatically distribute revenue, ensuring transparency and fairness.
3. Social Interaction and Rewards
Interaction records and rewards :
Users' social interaction records (such as likes, comments, shares, etc.) can be recorded and managed through TBA.
Through smart contracts, reward mechanisms based on interactive behaviors can be implemented, such as issuing token rewards.
Trust and Reputation System :
Users’ reputation and trust scores can be stored in TBA and shared across different social platforms.
The reputation system can motivate users to interact actively and honestly and maintain the healthy development of the community.
4. Virtual assets and transactions
Virtual Item Management :
Users' virtual items on social platforms (such as virtual gifts, avatars, props, etc.) can be stored in TBA.
Users can transfer, sell or exchange these virtual items through TBA, ensuring the security and ownership of assets.
Decentralized Exchange :
TBA can be used to realize a decentralized trading market, where users can trade virtual items and tokens directly through smart contracts.
Smart contracts ensure transparency and fairness of transactions, reducing intermediaries and fraud risks.
5. Data Privacy and Security
privacy protection :
Users’ data and privacy information can be encrypted and stored through TBA, and access rights can be controlled by smart contracts.
Users can manage and share their own data independently to ensure privacy and security.
Safe Interaction :
Through TBA and smart contracts, user interactions and transaction records can be securely encrypted to prevent data leakage and tampering.
Mechanisms such as multi-signature and time lock can increase the security of operations and protect user assets.
Summarize
In social applications, TBA (Token Bound Account) can play an important role in providing decentralized identity management, digital content ownership protection, social interaction rewards, virtual asset management, and data privacy and security protection. Through smart contracts, TBA can achieve flexible and secure operation logic, enhance user experience, and promote the innovation and development of social platforms.
Now that we understand the role and application scenarios of TBA, how should ordinary users participate in the introduction of TBA by POPP?
First, we need to open the official website of popp social summer
https://socialsummer.ai/home?address=0x9cc4b66532b15d231f073b3ae545f44fcf217ff0
After opening the website, you will see a pop-up window for the new user's treasure box. Click Create and receive the prize.
Then it will jump to the interface of creating TBA
In this interface we can see that TBA is the key to participating in all activities. The prerequisite for all subsequent operations is to have a TBA of your own, so this is a must.
As the first launch of TBA, the official also gave a discount. Now new users can enjoy a 50% discount when creating TBA for the first time.
The price of 9.9u is not expensive, it is not as much as the cost of charging a local on-chain meme. The cost of interacting with an account on other chains is far more than 9.9u, and the benefits brought by TBA are far more than 9.9u. We can slowly look back.
Let's take a look at the TBA benefits currently listed by the official:
First, the new treasure box contains:
01. Qualify for the social night lottery, 100% chance of winning, share the ultimate prize pool of 10 million USDT, and get up to one BTC.
02. Three lucky codes.
On the eve of the social night, POPP social summer launched 1,000 rounds of MeMe draws, with a prize pool of 1,000+ USDT per round, totaling 10 million USDT+, and the draw will be held when the total amount of TBA created in this round reaches 1,000. The more lucky codes there are, the greater the chance of winning.
The meme prize pool includes:
First Prize 396.40U 1
Second Prize: 99.10U 1
Consolation Prize 19.90U 24
Dark Matter 1 10% chance Dark Matter can greatly increase your chances of being the lucky winner of a social night
The ways to obtain the lucky code include:
1. Create a TBA, lucky code +1 (new users create TBA +3 for the first time)
2. When the lucky code progress bar of friends helps reaches 100%, the lucky code +1
助力有两种方式， **朋友创建TBA为你助力**朋友通过你的邀请链接，在本轮每创建一个TBA，幸运码进度条都可以增长50% PS：朋友通过你的链接创建TBA，你能获得创建价格的20%作为奖励**朋友免费为你助力加分**你的朋友钱包地址里有多个TBA，则可以为你免费助力多次，每次助力，进度条都可以增 长10%PS: A TBA account can only contribute once within 3 days
In each round of the meme lottery, the first user to reach 50 lucky codes will win 100 USDT.
03. Invite friends for a limited time to double the effect of the double coupon.
04. 500 SD rewards (For more information about what SD is, please read on.)
05. Double the task reward: Randomly select a project party's task reward +100%
The above are just the benefits included in the new player’s treasure box, and TBA’s benefits are far more than that.
The current benefits include:
01: For every TBA created by your friends, you can get a 20% commission.
02: Participate in 1,000 rounds of MeMe draws, with a prize pool of 1,000+ USDT per round
03: PoPP has joined forces with 200+ project parties to provide rewards worth more than 10,000,000 USDT. You can claim them after completing the tasks.
Not only can you get SD rewards by completing tasks, but you can also get whitelist/USDT rewards provided by the cooperative project party.
Find the tasks that can be completed in the activity tasks. Tasks with doubled rewards will display SD+100% in the upper right corner of the task. You can get SD rewards and prizes provided by the project party after completing the tasks.
04. Participate in the 10 million USDT prize pool and get up to one BTC. Obtaining dark matter can increase the probability of becoming a lucky winner of the social night.
More benefits are on the way...
After talking about the benefits of TBA, many people may still not understand what SD is. After all, it has been mentioned many times in the benefits, and the reward for completing tasks is also SD. So what exactly is SD?
StarDust, abbreviated as SD, is a reward mechanism launched by popp for user interaction and use, and is also an important certificate for future token mining.
According to the official token economics and the latest article published by foresightnews, SD can not only mine the 2.5% token airdrop share before TGE, but also mine from 60% of the main token distribution after TGE.
According to the official token economics, the airdrop share accounts for 5%, of which 2.5% is exchanged by POPPAT, and the other 2.5% is mined by SD.
Original link:
https://x.com/Hi_PoPPOfficial/status/1749754958453641715
Currently, there are several ways to obtain SD:
1. Create TBA + 500SD
2. After creating TBA, complete the summer task + N (new partners will be added in the future, the project party will provide prizes, and popp will provide SD to reward users)
3. Complete AI BOX related tasks
AI box link direct to:
https://app.popp.club/home?code=YE8CHX
The three ordinary tasks can be completed every day. Post a tweet to get +20SD. Comment in the Twitter comment section with the topic #popp to get 10SD. You can get it 10 times a day, which is 100 points. Hold a POPP PASS card and you can get 30 SD of any color every day.
Regular tasks are one-time tasks, including binding to Twitter, following the Official Twitter, liking, and forwarding.
There are invitation tasks next to ordinary tasks. Users holding pass cards will receive additional invitation bonuses, up to 30% higher.
You can get 15SD by directly inviting a user, and every time the invitee gets a star point reward, you can get an additional 15% star point reward.
At the same time, the invitation task also has an exclusive ranking list. The last reward will be settled every Tuesday. The maximum reward you can get is 4,000 SD. Basically, you will get it if you participate.
There is also a special task reward behind the invitation task.
You can publish valuable content on any platform, and you will receive 30 star points as a reward each time it is included in POPP.
In addition to the tasks, there are also large hidden tasks to complete in the telescope on the home page. Invite the corresponding KOL to join POPP. Not only can he receive his exclusive rewards, but you can also get half in return. This is a good thing for users with connections.
The Creator Center is not open yet, and more features are being continuously updated. I will briefly mention AI BOX this time, and will publish another detailed gameplay and introduction after it is improved. You can also experience and try it out yourself. It is currently in the beta testing stage.
This is almost the end of the article. I believe that those who have read it patiently have a new understanding of POPP social summer. In addition, I would like to give everyone another reassurance.
Popp was founded in 2022 and received an exclusive $4 million angel round of financing from Foresight Ventures on May 25, 2023. At the same time, Popp also conducted a pre-A round of financing. The specific financing details have not yet been announced, and it will probably be announced at the right time.
Final summary
Whether it is Popp Social Summer or AI BOX, I personally think they are opportunities worth participating in. Compared with the popular public chains, the constant PUA activities, the teams that are just empty promises, and the various projects that have sprung up in the bull market, Popp, which has walked out step by step in the bear market, appears to be more down-to-earth. Small and beautiful projects will eventually have their own place, and Popp's ambitions do not stop there.
Thank you for reading, welcome to follow me, I am Zuo Er, see you next time.
