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Web3 social platform Tip Coin introduced the launch of Epoch 2, which debuted on September 11 at 10:00 Beijing time. This transfer comes forward of the eagerly anticipated launch of the TIP token, scheduled for September 13.
Epoch 2 maintains the token distribution framework established in its predecessor, Epoch 1, whereas allocating further tokens for the advantage of the Tip platform.
Notable enhancements in Epoch 2 embody updates to its scoring system and the introduction of revised parameters for tweet mentions. On this iteration, mentions will solely be deemed legitimate inside a 24-hour window following the preliminary tweet’s publication. Furthermore, customers will now be topic to every day utilization caps, which embody a most of 5 unique tweets, ten quote retweets, and fifteen replies.
To incentivize consumer engagement, rewards have been decided as follows: unique content material will yield 30 occasions the reward, quote retweets will earn 10 occasions the reward, and replies will obtain a reward equal to 1 time. Moreover, when one other consumer posts “$tip” in response to the unique tweet, each the tweet’s writer and the respondent will obtain “$tip” tokens, accompanied by a rebate.
On September 10, Tip Coin introduced its upcoming TIP token launch, set to happen on September 13. A necessary facet of this novel system is its separation of level calculation from tweet metrics updates. This alteration assures customers that their level totals will precisely mirror the metrics displayed on their dashboards.
Tip Coin clarified its operation in a current weblog submit, stating, “When somebody posts ‘$tip’ in your tweet, you additionally obtain ‘$tip’ with a kickback. To be eligible for ideas in your posts, you have to be a registered platform consumer, authenticated by way of Twitter/X. This provision will not be retroactive. Every ‘$tip’ kickback you obtain equates to one-tenth of the factors earned by the unique tweet.”
With the introduction of Epoch 2 and the upcoming launch of the TIP token, Tip Coin goals to showcase its ongoing dedication to fostering a dynamic and fascinating Web3 social expertise whereas establishing a safe and clear token ecosystem.
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