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Alternative social mining Tip Coin, using airdrops to earn Twitter revenue sharing with Tip Coin in anticipation?

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Alternative social mining Tip Coin, using airdrops to earn Twitter revenue sharing with Tip Coin in anticipation?

Following the attention received by the social application Friend Tech, a new social-oriented project called "Tip Coin" has emerged. This project, which only appeared on 9/1, has already garnered a lot of attention on Twitter x.com. Is its model based on profit-sharing through Twitter ads?

Update on 5/9: Reminder from the post + tag airdrop project Tip Coin: Points will only be credited upon logging in again

What is Tip Coin?

According to the Tip Coin official website, its rules are simple. Just use Twitter without even mentioning the new X name. When replying or retweeting, mention "@tipcoineth" and "$tip" to automatically receive reward points.

The developers are said to be Swapo, as mentioned on @1stswap on Twitter, with the operating team based in the United States.

Tip Coin Reward Rules and Restrictions

Tip Coin also offers bonus points based on different types of posts:

  • Original Tweet: 25 X points, up to five per day, with a minimum point limit of 10,000 points
  • Tipped Reply: 1 X point, up to 50 per day, with a maximum of 25,000 points
  • Replied kickbacks: 1/10 point per reply, and the official stated that replying to a Tip Coin post under the Tip rules will earn an additional 10% bonus.

The official website also hints at possible additional bonuses when points are claimed.

Deleted posts will not be counted

Tip Coin warns that any deleted post, regardless of type, will result in the loss of all earned points and may even incur deductions.

Tip Coin Reward Calculator

Tip Coin even provides a reward calculator to determine the total points earned for posts under various conditions, including views, likes, replies, retweets, and quotes.

How to Get Started with Tip Coin?

  • Participants are required to link their Twitter x.com accounts and promote the Tip Coin official account from the start.
  • To activate the account, players must follow the steps of "sharing" and "retweeting" posts about Tip Coin.
  • The third step involves checking the activation status.

As of the deadline, only linking a Twitter account is required, and it is not yet possible to link any cryptocurrency wallets.

Tip Coin Points Ranking, Claiming, and Revenue Sharing

Similar to Friend Tech, Tip Coin uses a points ranking system to show which Twitter accounts have earned more points. It displays all points for each epoch period and the time remaining in that epoch.

After the epoch ends, users can claim $tip tokens; there is also a mechanism for revenue sharing that is said to take place at the end of epoch 2.

Tip Coin Attracts Airdrop Enthusiasts, Contract Not Yet Online

Tip Coin clearly states that it will conduct airdrops, but it does not explain the utility of Tip Coin, its value proposition, or its future plans. There is no whitepaper or roadmap available for Tip Coin at the time of writing, and its smart contract is not yet online.

Is Tip Coin Aiming to Profit from Twitter Revenue Sharing?

Twitter introduced Revenue sharing features this year for Twitter Blue accounts or verified organizational accounts that have accumulated at least 15 million exposures and at least 500 followers in the past three months.

Based on Tip Coin's first post alone, it has two million exposures and had reached 38,000 followers by the deadline, likely meeting the sharing requirements soon. However, it is not yet a Twitter Blue account, which would enable ad revenue sharing upon verification.

However, Tip Coin does not clarify if "Twitter revenue sharing" is its goal.

Tip Coin Has a Disclaimer: Users May Be Prohibited from Visiting at Any Time

Tip Coin states that it is a social website, and the related tokens have no value, serving only as a social experiment.

Tip Coin reserves the right to stop or restrict user access and modify website content at any time for the benefit of Tip Coin.

Due to the recent launch of this project, there are still many unknown risks, and readers are advised to use it with an understanding of the risks involved.