How to maximize Roam benefits, a summary from a DePIN veteran

This article is machine translated
Show original

1. First of all, we must look at the market

The overall market is very bad now, and Roam has not issued a coin yet, so it is difficult to predict Roam's performance after the coin is issued. If it can be listed on the top three exchanges, it still depends on the final project and the market power. In addition, compared with other projects in the DePIN+WiFi track, Roam has a physical mining machine, that is, a router. The router itself is used by everyone and is necessary. It also has good sales, which is something that other similar projects cannot compare with.

2. User gameplay before TGE

In the Roam ecosystem, as an ordinary user, there are many ways to maximize $ROAM benefits before TGE, but we need to first introduce the properties of each token in the Roam ecosystem.

In the Roam ecosystem, there are 2 tokens + 1 NFT. Tokens are divided into governance tokens $ROAM, which can be traded on exchanges, and ecological tokens Roam Points. Roam Points can be obtained through mining, adding wifi in the app, and clocking in. NFTs are sold directly by the MetaBlox Foundation and have been sold on Binance NFT and OpenSea in 2022. In addition to these, Roam also introduced stickers, which are generally obtained after verifying WiFi and adding WiFi, and different stickers represent different weights when burning Roam Points in the future.

Roam Points can be used to obtain $ROAM through staking and burning, while stickers are used when Roam Points are burned. The higher the weight of the sticker, the more $ROAM can be obtained when it is burned.

The following are several core mining methods:

1. The best way to participate - WiFi mining

Configure and deploy WiFi mining equipment, that is, buy a Roam router for mining. The Rainier MAX60 currently on sale on the official website is the latest WiFi6 router. After being equipped, it can provide high-speed and high-security WiFi while having mining functions. The daily mining income is higher, and the burning pool set up for miners will have a higher weight ratio when burning Roam Points to exchange for $ROAM.

In addition to the official website, mining machines can also be purchased from some KOLs or communities. The prices may be discounted, so you can compare them yourself.

Mining machine mining advantages:

*The first activation of the mining machine will earn you 3,000 Roam Points.

*Miners can earn up to 60 Roam Points per day, which is 5 times the earnings of each private WiFi added in the app.

* Each sign-in at a mining site earns 5 Roam points, with a maximum daily limit of 150 Roam points - three times the reward limit of other WiFi spots.

*The payback period for mining machines should be approximately 2-3 months based on the current institutional investment price, but it will ultimately be determined by market prices and burning pool parameters.

2. The most convenient way to participate - Roam app

This method is suitable for all users with smartphones. Download the Roam app from the Roam official website or overseas store and register according to the process. There are three most common methods:

- You can get 100 Roam Points for each new WiFi added in the app. You can get 10 Roam Points + 1 sticker for each check-in. You can get more Roam Points for adding a WiFi with a password (Private WiFi). The type of sticker can determine the period when the user joined the Roam network, and thus the weight is different. This will be discussed later.

- Users can get 10 Roam Points as a reward by checking in to the added WiFi in the app. There is no upper limit on the reward per day.

- Generate a referral code in the app. If you successfully invite a user, both parties can get 30 Roam Points. Invite code: 19675041 (ps: The standard for successfully inviting a new user is that the new user successfully registers and successfully adds a WiFi spot)

3. The easiest way to participate - airdrop and reward plan

According to industry practice, there should be a wave of airdrops before TGE. In addition, Roam will also announce some airdrop activities through social media, communities, apps and other channels during normal hours, and the airdrops can be obtained by completing tasks.

4. A relatively late but also early gameplay

Early participants in Roam can get more $ROAM in the burning pool by using the timestamp of the sticker when burning. For example, a sticker in the summer of 2023 may be calculated as 2 Roam Points, and a sticker in the spring of 2024 may be calculated as 1.3 Roam Points. (For example, the specific weights have not been officially announced)

How to get sticker:

*Add new WiFi and check in

*Added WiFi check-in

5. Dynamic conversion rate strategy - grasp the best time to burn Roam Points

After the later burning pool is launched, the conversion rate of Roam Points to $ROAM is dynamic, which depends on the number of Roam Points burned in a specific period of time. If more Roam Points are burned in a specific period of time, the number of $ROAM corresponding to each Roam Point will be less, otherwise the $ROAM obtained will be the most.

For example, the burning pool generates a fixed amount of $ROAM every hour. The more Roam Points you burn in that hour, the less $ROAM you can get for each Roam Point. If 100 $ROAM are generated in an hour and there are only 2 Roam Points in the burning pool, then 1 Roam Point will correspond to 50 $ROAM. If there are 100 Roam Points in the burning pool, then 1 Roam Point will correspond to 1 $ROAM.

6. Discover and mark OpenRoaming locations

Users can earn rewards by discovering other OpenRoaming locations not deployed by Roam and successfully marking them on Roam’s WiFi map.

7. The remaining rare ways to earn Roam Points

- To obtain a validator VC, you must obtain the validator VC qualification from the Roam Foundation and pledge a certain amount of $ROAM as a deposit. This not only ensures the integrity of the validator, but also allows you to obtain additional rewards through staking.

- Users can redeem Roam Points directly from businesses that align with the Roam Foundation’s rewards program. During different marketing campaigns, the generation of Roam Points may increase, providing more earning opportunities.

- Become a RADIUS provider and run an AAA server for the network. After staking a certain amount of $ROAM, rewards will be distributed through the staking process.

3. Summary of project advantages:

- Roam is the only Web3 project among the 11 enterprise alliances in the WBA OpenRoaming program.

- Roam has more than 3.5 million OpenRoaming available WiFi hotspots in 186 countries around the world and supports more than 330,000 self-built WiFi network nodes.

- Roam app had 200,000 check-ins per day and nearly 500,000 users.

- Investment backgrounds include Anagram, Volt Capital, DePIN Labs, Future 3 Campus, IoTeX, JDI, Samsung Next and other institutions.

- Announced migration to Solana mainnet in 2024 and cooperation with Solana Saga Phone.

- Assist in building WiFi networks in Africa, the Philippines and other regions. Although this is a non-Web3 business, once built, these will all be Roam users, which will be a very large user market.

4. Roam social media links:

Official website: https://Roam.io/

Official Twitter: https://x.com/weRoamxyz

Discord: https://discord.com/invite/roam

Whitepaper: https://Roam.io/wp-content/uploads/2023/08/Roam-Whitepaper-v1.0.pdf

Roam App invitation code: 19675041

Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments