This weekend, the Twittersphere was dominated by a project called Tipcoin, which was even more popular than Friend.tech a while ago. “Why is everyone tweeting @tipcoineth?” When you have this question, it means that Tipcoin’s viral marketing has been successful.

We all know that players who participated in Friend in the early stage and purchased KOL shares made a lot of money. So can Tipcoin, another phenomenal product, have a similar wealth effect?

First of all, what is Tipcoin?

On September 1, Tipcoin’s official Twitter account posted its first tweet, announcing the start of the first TipCoin cycle and the registration URL, and in another thread, it succinctly explained the rules for obtaining project points.

Simply put, Tipcoin is a social product. Users only need to activate their account and add "@tipcoineth $tip" in each tweet to earn points. The more traffic you have, the more points you will get, and the more airdrop tokens you will get.

You want to ask what the tokens are for? Why do you care if they are free? Just kidding. Currently, Tipcoin officials have not given an economic model or a specific roadmap, but it is obvious that this is not what everyone is paying attention to. Who wouldn’t want to get an airdrop for free at 0 cost?

The official website has specially made a points ranking list to count which big Vs have more points in the current cycle (epoch). It seems that we can vaguely see the shadow of friends. After all, people still like to compare. My share is more expensive than yours, so I am more prestigious than you. Similarly, my points are more than yours, so my influence is also greater than yours. The project can give money and face, allowing big Vs to make money without doing anything. This is also one of the reasons for its popularity.

How to play specifically?

1. Log in to https://thetipcoin.io/ and connect your Twitter account.

2. At the bottom of the https://thetipcoin.io/ webpage, click Start.

3. Send a tweet as required and then retweet an official tweet to activate your account.

4. You can earn points by including @tipcoineth and $Tip in your post. The original tweets give the most points, followed by forwarding and replying. The points are shown in the figure. Points are mainly earned based on the original tweet data, which can be understood as encouraging originality. Points are settled every 7 days, and $Tip tokens are airdropped according to the number of points. The specific ratio is unknown.

I am not a big V, is there any trick to earn points?

Of course!

As we all know, there are many phishing robots on Twitter, which will crawl various crypto tags and automatically reply, trying to cheat us of our hard-earned coins. I don’t know which clever guy came up with this trick: tweet with#Metamaskto easily let the phishing robot leave you a message and give you points for free. The same principle can also be used to send keywords such as private key to the tweet.

What's more, some people have set their sights on fraudulent robots with color welfare orientation. We won't go into details on this. Everyone knows about it.

Is it worth participating?

Let me first say the conclusion, it is worth it at the moment, and we will see how it develops later.

First of all, I define the Tip project as a MEME-like product, which is going to take the path of first generating traffic and then empowering. Why is it called MEME-like? Because Friend and Tip are actually the same as MEMEcoin in the early days. Attention is above all else. Who cares whether you have value or not?

However, unlike MEME, the MEMEs that are known to the public have all become popular through a surge in the price, and have their own native communities and cultures. At the same time, MEME can repeatedly attract everyone's attention through methods such as dealers' price manipulation and celebrities' calls. The popular MEMEs are not driven by the price of the currency first, but by the protocol first. The protocol is launched first, and then the method of empowerment is adopted. If the early model is always used, for example, the function of tip is only to tweet @tapcoineth to receive airdrops, which is so boring, and there is only supply but no demand for tokens, this project will die soon.

And if we continue to empower innovation and keep the heat going, there will be room for hype. With hype, the airdropped tokens will be valuable.

Therefore, the future trend depends entirely on the team's pattern and creativity. I am personally optimistic about the Tip team for three reasons:

1. Because the product needs to query the content of each user's tweet, it needs to call Twitter's API, which is very expensive. This also directly shows that Tip is not an ordinary local dog project party. At present, it has organization and investment, and it is very likely to be playing a big game.

2. From a development perspective, many projects may look good to you, but the underlying code and front-end pages are actually all forked. After reading Tip, our team scientists commented that the team has at least 3 people and the code is very well written.

3. Referring to Paradigm’s million-dollar investment in Friend, Tip will surely be targeted by VCs after it gains huge traffic. By then, it should be after the token is issued, and the good news will surely drive the market up.

Therefore, it is still worth participating at present, but you should not invest heavily in batches because there are potential risks:

First of all, Twitter may ban Tip. Similar things have happened before. In February last year, GroupDAO conducted a one-time airdrop for all Twitter users based on activity, number of followers and other data. It is said that at that time, as long as Twitter followers exceeded 10,000, you could get a token reward of about 0.4 ETH. However, the subsequent news and links about Group DAO were blocked by Twitter, and users would also receive Twitter error prompts when authorizing. This risk is uncontrollable and is the main factor.

The secondary factor is that Tip officially stated that it will fight against witches, and I believe they have the ability to do so, so before the first round of airdrops comes out, I don’t recommend that you spend money to buy accounts in bulk.

The first points settlement cycle will start on the 1st and end on the 7th. At that time, the Tip token economy will also come out. This is what we need to focus on. If you want to get first-hand interpretation or learn knowledge, you are welcome to follow me.
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