Recently, with the popularity of Friend.tech, the attention of the Web3 world has turned to the social field again. In this context, a project called Tip Coin emerged and became a hit on X (formerly Twitter). Even if you are just an ordinary X user, it is difficult not to notice it: because even on unrelated tweet pages, as long as the traffic is large enough, someone will reply to $tip and @tipcoineth below, which can be said to be pervasive. .

What is Tip Coin?

To sum up the gameplay of Tip Coin in one sentence: you only need to @tipcoineth and add the $tip tag when creating, forwarding, and commenting on content, and you can use it based on the number of views, number of likes, number of replies, Earn points based on the number of retweets, citation retweets and other dimensions. The event contains a total of 3 Epochs, and the points earned in each Epoch can eventually be converted into $TIP tokens and sent to your wallet.

So how to play Tip Coin? It’s actually very simple:

First, you need to go to Tip Coin’s official website, click LOGIN TO CLAIM in the upper right corner, and then a prompt will pop up asking you to link your Twitter/X account.

Then, under its guidance, you need to post a verification tweet with $tip @tipcoineth and forward the official tweet, and then your account will be successfully verified. Got it! After successful verification, you can directly receive 10,000 points.

Then you can start your journey to earn points! Taking Epoch 2 as an example, there are four ways to earn points:

• Original Tweet: Post original tweets with @tipcoineth and $tip, You can get 10,000 initial points, and then get 30x points bonus based on the number of views, likes, replies, forwards and citations. You can earn up to 18,000,000 points for a single tweet, and each account can post up to five posts per day.
• Tipped Quote: You can also earn points by quoting other people's tweets and mentioning $tip. The points multiplier is 10x. Each account can earn points for 10 pieces of content per day. A maximum of 1,000,000 points can be earned for a single citation.
• Tipped Reply: Replying to other people’s tweets and including $tip can also earn points. However, the points earned this way are less and the multiplier is only 1x. The good news is that you can instantly earn 25,000 points just by replying to some highly viewed tweets, and you can swipe 15 times a day.
• Replied kickbacks: You can also get points by receiving replies from others, but the multiplier is only 1/10, and there is no upper limit per day.

In addition, the Tip Coin official website also thoughtfully provides you with a points calculator. You can adjust the parameters to see how many points you can earn.

After that, the above process is repeated every day. Each epoch lasts seven days, and at the end of the epoch there will be a counting phase to calculate how many $TIP tokens you can earn in total during this cycle.

Can I make a small profit through Tip Coin?

Tip Coin was officially launched on September 1st. Due to the extremely low participation threshold, it attracted a lot of attention as soon as it went online. As of the 18th, more than 170,000 users had followed its official account, and its influence is huge. It goes without saying. On September 13, Tip Coin officially released the token distribution of $TIP. It is not difficult to see from the token economy that Tip Coin uses 40% of $TIP to reward users who participate in the activities, which shows that the project side still has a certain degree of sincerity.

So now back to the original question: Can I make money through Tip Coin? The answer is yes, but ordinary players can only make a small profit!

It is not difficult to see from the above rules that for an ordinary Twitter user, if no one retweets or comments, the theoretical maximum points value that can be obtained every day is :

• Original Tweet: 10,000 * 5 = 50,000
• Tipped Reply: 25,000 * 15 = 375,000
• Total: 425,000

It is worth noting that although each era nominally lasts seven days, because the system needs to count the results and deploy the next era, only five days can actually earn points. So the total points theoretically obtainable under this assumption is 425,000 * 5 = 2,125,000 . So how much is it worth?

Take a Buddhist participant as an example (actually it was me). Due to his late entry and unfamiliarity with the rules, he only earned a total of 1,102,893 points in Epoch 1, and finally won 47,412 $TIP. The current price of $TIP is about $0.0004, so I made a total of close to $20 in Epoch 1. Based on this, you can roughly estimate how much $TIP your points can be exchanged for.

For those KOLs, it is more likely to make a lot of money. Thanks to their strong fan base, they can easily rack up billions or even tens of billions of points, resulting in a considerable amount of $TIP. For example, in Epoch 1, the top ranked player @Smartecio earned over 20 million $TIP, equivalent to a value of 5 $ETH. The tenth player @Supers6061 finally received a reward worth 3.17 $ETH. At the same time, many people have made thousands of dollars by selling $TIP.

All in all, Tip Coin is another carnival for KOL, and the vast majority of players can also Get a piece of it. But what I want to say is that as a hair-raising project with zero threshold for participation, you don’t need to be very aggressive. It is the conscience of the industry to obtain such benefits.

What is the future development of Tip Coin?

It must be admitted that Tip Coin is a great attempt, which briefly enlivened the Crypto community that had been dormant for a long time due to the bear market. But Tip Coin itself still has certain problems.

In terms of the project itself, since Tip Coin was only launched in early September, the technical architecture of the system was not very complete. In the second phase, many users reported that they had completed the task but their points did not increase. Some accounts were even judged as witches due to intensive points grinding, resulting in a poor player experience. In addition, the launch of the token contract was delayed again and again from the originally announced date of the 13th due to technical issues, and was finally postponed to the 19th. Although the token economy was released, the project team did not disclose its future development route. These are issues that Tip Coin cannot ignore.

In addition, compared with more mature SocialFi projects such as Friend.tech and Friend Room, Tip Coin’s gameplay is obviously too monotonous and easy to copy, and its long-term appeal to users is really limited.

But so what? Since there is still money to be made from Tip Coin and Epoch 3 has not yet been launched, why not do it? As for how the project will develop in the future and whether there will be nothing left but chicken feathers after the carnival, let us wait and see!