You should also look at this: What is Post.tech? SocialFi on Arbitrum Network

What is SocialFi?

SocialFi is one of the recent ventures in the crypto space that arises from the combination of social media and decentralized finance (DeFi), enabling the conversion of user interactions into earnings. Noteworthy platforms in the SocialFi space include Friend3 developed on the BNB Chain, Friend.Tech developed on the Base network, and Post.Tech developed on the Arbitrum network.

What is Post.Tech

Post.Tech, developed on the Arbitrum blockchain, allows users to earn ETH by buying or selling their profiles to each other, similar to its counterparts. The platform not only features innovative functions like profile and post trading but also enables users to earn rewards and participate in crypto discussions. $POST is the token of Post.Tech designed to reward users in the future and facilitate the management of the platform.

For more details about it, you can check our article “Post.Tech Nedir? SocialFi Arbitrum Ağında” [What is Post.Tech? SocialFi on the Arbitrum Network] by clicking here.

In its initial stage, Post.Tech conducted its airdrop, and in a post shared on December 25, 2023, the platform announced a new airdrop.

Airdrop Claim is now live!

Claim your $POST https://t.co/xevyJkYpGS

Remember, you have 30 days to make your claim. Don't miss out! #AirdropClaim #PostTech pic.twitter.com/ynjodliJjI

— post.tech (@PostTechSoFi) December 25, 2023

What are the conditions for the Post.Tech Airdrop?

To participate in the Airdrop, first, you need to register on Post.Tech and integrate your account with Twitter. Afterward, users are required to share a post mentioning it from their Twitter accounts, including the hashtags $POST and #postTech, and engage with the Post.Tech Twitter account. There is a point system to determine the results of the Airdrop. Users are asked to accumulate points by completing specified tasks during the Airdrop periods. The reward distribution is also based on the point system. To earn points, users need to buy and sell shares on Post.Tech and have a stake in their holdings. There is a one-month period to accumulate points. After one month, users will be eligible for rewards based on the points they have collected.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Post.Tech Announced That It Will Conduct an Airdrop! appeared first on Coin Engineer.

We previously explained the use of the Post.tech application on the Arbitrum network. You can get detailed information by reaching the related post from the link left in the tab below.

You might like: What is Post.tech? SocialFi on the Arbitrum Network

A new SocialFi application has now been built on the Arbitrum network again. Its use is no different from other applications. The main coin in this application, which works with the same mechanism, will be Ether (ETH). Firstly, you need to visit the cipher.fan address to log in. Then, you need to press the “Enter” button to continue.

Afterwards, you can enter your email address or your own Google account and confirm to access the platform. We need money to buy and sell shares. To do this, you need to click on the balance amount indicated in the upper right corner of the screen. You can then copy the wallet address given to you by the application and send some ETH on the Arbitrum network from your Metamask or other Browser wallets.

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How Is Purchase and Profit Taking Done in Cipher.fan

The first thing to do is to find the users who have recently bought their shares globally. Potentially nice increases will happen in their shares. Then you can buy the shareholders of the shares with the highest price globally. The reason for this is that these shareholders will not sell their shares. Even if they sell, this is a very low possibility. What is important here is not to buy the newly purchased ones as well.

The recommended amount will be 0.01 ETH. The main goal here is not to buy the newly acquired shares, but to buy the sold ones instead.

Attention, this is just a research article. Remember, such applications that have been opened so far are launched with security issues and some errors in their smart contracts. Therefore, the main goal and first targets of hackers are here. You only enter here with 0.1% of your balance for trial purposes. The main purpose of this is to qualify for the Airdrop that the platform will do.

In the comment section, you can freely share your comments about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Cipher.fan (A New SocialFi Application!) appeared first on Coin Engineer.

Following this, the same mechanism started to transition to other blockchain networks. One of them is also the Arbitrum network, which is one of the most reliable Layer 2 networks. As we know, Arbitrum managed to become a favorite network for users. There are approximately $1 billion locked assets on this network. In this case, it was inevitable for SocialFi applications to come over this network. So, what is the leading app on Arbitrum? It’s Post.tech!

But before that, if you wish, you can read this article to get an overall view about the SocialFi bull.

What is Post.tech and how to use it?

Post.tech started its hype on SocialFi on Arbitrum Network as well. The app leading this hype is Post.tech. As a SocialFi application, the working mechanism and interface of Post.tech are almost the same as the others. However, this application has designed a fluid interface resembling Twitter for user convenience. You can view your friends by linking your Twitter account. Also, you can buy or sell their shares. But to do these, you have to log in the application first. First, you need to visit the Post.tech address. Then you will encounter a screen as you see below.

Google or Twitter account is necessary for logging into the account. Entering with Twitter is more feasible. So you can start using the application after that. If you own a certain amount of ETH on the Arbitrum network, the platform will generate a unique address for you.

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In order to buy your friends’ shares and start discussions in their groups, you need to send a minimum 0.001 ETH to this address on the Arbitrum One (Main Network) network. Your balance will reflect on your account usually within a minute or less.

What Should Be Done To Qualify For The Airdrop?

You can access information about it from the “Airdrop” section among the tabs on the left. You can check your scores from the “Statistic” section. Also you can learn ways to earn more points using the Airdrop section. One of the important parts is that you need to have an invitation code to join the application.

Writing Coinmuhendisi invitation code in the space requested on the login screen when entering the application will be sufficient for this. In addition to that, sharing 5 posts on the application, writing 25 answers will be sufficient to increase your score. Besides this, you need to make more share purchases and sales to increase your score.

Attention! When buying, try to buy shares with a value between 40-80 cents. Also, it is not very sensible to buy newly purchased shares. If so, the share you bought is sold by bots or users with a 50% profit, in this case, you get 50% and even more loss.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’t forget to follow us on our Telegram  ,YouTube and Twitter channels for the latest news.

The post What is Post.tech? SocialFi on Arbitrum Network appeared first on Coin Engineer.