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What is Cipher.fan? The SocialFi trend that started with the hype of Friend.tech quickly led to significant movements in the crypto market. The flow of money in the market turned towards SocialFi applications. BNB, Arbitrum, AVAX, Solana and other networks also experienced a high volume of transactions.
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.
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