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Tip Coin token to be launched soon! Tokenomics revealed, team still lacks clear development direction?

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Tip Coin token to be launched soon! Tokenomics revealed, team still lacks clear development direction?

The popularity of the Web3 social application Tip Coin has been rapidly increasing in recent weeks. With the end of Epoch 2, the team has been announcing token economics and contract addresses even though specific whitepapers and roadmaps have not been released. However, issues such as user points reset and delays in token claiming have surfaced. Is the Tip Coin team really not just using Twitter ads for profit sharing?

Background: What is Tip Coin?

An alternative social mining token, Tip Coin, uses airdrops to earn Twitter referral rewards?

What to know about Tip Coin updates! Post + tag airdrop project reminder: points will only accumulate upon re-login

Token Economy and Contract Address

Currently, the official token contract address has been released for reference: 0x0176…bd40.

According to Tip Coin's official medium, the total circulation is 10 billion $TIP, with 35% allocated to users and slowly released in the future.

  • Epoch 1: Liquidity 15%, Airdrop 15%
  • Epoch 2: Airdrop 20%
  • Epoch 3: Airdrop 5%
  • Platform Rewards: 35%
  • Market: 5%
  • Team Lockup: 5%

It is evident that the team retains only 5% of the tokens, increasing liquidity significantly to aid in stability for issuance and price appreciation.

The TipCoin team also noted that the token issuance aims to reward early users and will be gradually integrated into the ecosystem for future products and platforms.

Technical Issues Delay Token Claims

The Tip Coin team announced yesterday that due to a hard drive failure during a system upgrade by the team handling token claims, some content was lost despite backups being in place.

The team stated that the token contract has been deployed, and token claims are expected to open at 4:00 PM GMT on Monday, September 18th.

Users Report Points Reset?

At the end of Epoch 2, several users complained that their millions of points suddenly reset. Some users believe this is a bug, and the team is investigating and working on a fix, as per the official response.

However, some users claim concerns about a team dedicated to marketing but seemingly unprepared, raising doubts.

Tip Coin Team Maintains: No Clear Roadmap

Consistent with previous reports, the Tip Coin team, while disclosing the token economy, also mentioned they lack a clear roadmap. Their focus is on advancing SocialFi through X original Twitter to attract millions of users to their platform.

SocialFi is a new direction adopted by cryptocurrencies. We believe in the vision and argument behind it. Soon, our website will be presented in a new form, offering new ways to create and participate.

They added, "We see the SocialFi field as a blank canvas, and we intend to continue writing the blueprint."

The recent rise of Tip Coin and Friend.tech has driven the adoption and rapid development of SocialFi applications, symbolizing the arrival of the era of value flow tokenization. However, whether there can be a sustainable business model and cash flow in the long term still requires time to prove.