Sui has made history as the first blockchain to adopt SCION, a secure alternative to the Border Gateway Protocol (BGP), which protects against Internet routing attacks.

The SPX index was up by 0.01%, with energy, technology, and financial sectors performing well, while consumer discretionary, staples, and communication services lagging. Geopolitical tensions in the Middle East also remained in focus. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.56%, with Bitcoin and Ether dropping by 2.48% and by 2.65%, respectively in the past 24 hours.

Today's top performer is W, which surged 10.1% following the launch of Wormholescan v2, featuring enhanced multichain data and developer tools.

Wormhole (W), launched in 2020, is a cross-chain protocol that facilitates communication and token transfers across over 30 blockchain networks. Originally a crypto bridge between Solana and Ethereum, it has expanded to include features like the Portal token bridge and messaging protocols, serving as a comprehensive platform for cross-chain interactions. 

, providing enhanced real-time multichain data for the Wormhole ecosystem. New features include token, chain, and protocol analysis, a governor dashboard, a dedicated analytics page, and a developer section with a VAA parser. Users can explore these updates at 

Check Out the Latest Prices, Charts, and Data of 

Sui has made history as the first blockchain to adopt SCION, a secure alternative to the Border Gateway Protocol (BGP), which protects against Internet routing attacks. SCION addresses security flaws in BGP that have led to significant problems on other networks by preventing malicious traffic rerouting. With SCION, Sui enhances network resilience, safeguards validators from hijacking and DDoS attacks, and boosts performance with reduced latency. This integration solidifies Sui's position as a top blockchain for secure, critical infrastructure applications, maintaining 100% uptime since launching its mainnet.

Yesterday, the total flow for BTC spot ETFs was -$39.2 million, with no flow for GBTC and a negative flow of $39.2 million for non-GBTC ETFs.

, allowing users to earn test XTM and Gems. To participate, users need to download the app via the provided link, install it, and mine tXTM to earn 25 Gems per 1 tXTM mined. More Gems lead to a larger Tari airdrop.

Beginner

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Sui Integrates SCION to Pioneer Blockchain Security Against Internet Routing Attacks

Eigenpie (EGP) is the ETH liquid restaking platform on EigenLayer enabling ETH and LST holders to earn rewards from multiple protocols while maintaining liquidity through liquid restaking tokens (LRTs).

, token holders are required to lock away their tokens for a long time through the 

 (PoS) consensus mechanism on the platform. While this structure helps keep the network liquid and secure, it’s a bit rigid regarding capital efficiency.

To counter this limitation, liquid staking protocols such as 

, which allows staked ETH to be used for other 

 (DeFi) activities, earning token holders extra rewards by issuing liquid staking tokens (LSTs).

However, liquid staking only allows assets to be staked in a single PoS blockchain. This limitation has led to the development of 

. It allows you to use staked assets to secure and earn rewards from multiple protocols through the use of 

One of the liquid restaking protocols operating on EigenLayer is Eigenpie, which lets you stake your staked assets to node operators in exchange for LRTs so you can earn rewards.

Let's examine Eigenpie more closely to see how it’s shaping the liquid restacking narrative in the DeFi ecosystem.

Eigenpie is a liquid restaking protocol within the EigenLayer ecosystem that allows you to earn passive income from both Ethereum staking and EigenLayer restaking while maintaining your assets’ liquidity through the use of LRTs. 

 ecosystem, Eigenpie aims to provide more utility for ETH holders in line with the broader vision of EigenLayer via liquid restaking.

As a native ETH holder or liquid staking participant, you can deposit your assets on Eigenpie, which then restakes them to node validators on EigenLayer. The node validators will then use these assets to power new 

 (AVS) on EigenLayer, allowing you as a token holder to earn extra rewards while maintaining liquid positions. Eigenpie has integrated with various DeFi platforms that let you use your LRTs to explore other yield-earning DeFi opportunities while accumulating Eigenpie points that qualify you for the EGP 

EigenLayer is an Ethereum restaking protocol designed to enhance the capital efficiency of your staked ETH by restaking it across different protocols. As a support layer for the Ethereum network, EigenLayer has a set of node validators who temporarily stake assets and verify transactions securely. Users who delegate their tokens to these node validators receive LRTs, which earn them rewards without unlocking their staked positions.

EigenLayer operates a system of AVS that allows projects such as sidechains, 

 to connect to its liquid restaking token protocols in order to secure their platforms without running full nodes.

As a novel isolated liquid restaking platform of EigenLayer, Eigenpie’s distinctive features include the following.

Eigenpie offers an innovative approach to liquid restaking by offering isolated liquid restaking tokens exclusive to a particular ETH LST. This isolates the risk to only the specific token staked on Eigenpie, and not any other ETH LST’s performance. This feature not only ensures that liquid restaking on Eigenpie is security-focused, but also offers an optimal restaking experience, especially to risk-averse LST holders. Below is a chart with the isolated liquid restaking tokens available on Eigenpie.

Eigenpie also offers isolated native restaking in collaboration with 

, an open-source ETH staking network that uses 

 (SSV) technology to create a decentralized and secure environment for ETH staking by splitting a validator key into several keyshares, which are distributed to multiple nodes. The isolated native restaking feature on Eigenpie allows ETH holders to connect their ETH to the website and restake it through a simple user interface. Once it’s restaked, ETH holders receive egETH tokens that earn them 2x Eigenpie points, resulting in better yields over time.

Eigenpie Enterprise, a restaking feature on Eigenpie designed for institutional grade investors, 

 that are designed to accommodate different enterprises, depending upon their needs.

The first version allows enterprises to participate in native restaking, liquid restaking and DeFi protocols only within the Eigenpie ecosystem in order to reduce their risk of bad debt. Meanwhile, the second version enables institutions to expand their positions from their existing EigenLayer holdings into the Eigenpie Institution Node Delegator, which opens them to more DeFi opportunities since they can deposit their LRTs in their preferred DeFi platform.

Eigenpie Token (EGP) is the governance and reward-earning 

 on Eigenpie. It's designed to ensure the sustainability and long-term success of Eigenpie as a restaking platform. As an EGP holder, you can lock your tokens to receive vlEGP tokens (at a 1:1 ratio) that can then be used to participate in Eigenpie's governance, and to earn rewards for active participation in the ecosystem. 

 EGP has a total supply of 10 million tokens, distributed as shown below:

Eigenpie's airdrop is reserved for holders who accumulate Eigenpie points through user engagement, and for 

 users from Binance and OKX. To accumulate Eigenpie points, users need to remain active on the platform by depositing LSTs. In short, 1 ETH worth of LST deposits on the platform earns you one point per hour. You can also earn points through referral, whereby your additional points are proportionate to the points earned by your referee.

You can buy EGP on Bybit's Spot trading platform. The token is listed as the 

 trading pair. Trading EGP on Bybit's user-friendly terminal is fast and efficient, and comes with 24-hour multilingual customer support.

The liquid restaking concept in cryptocurrency continues to proliferate, since it provides capital-efficient utility for ETH holders. Since Eigenpie is a top protocol on EigenLayer, ETH and LST holders can leverage its features, such as isolated liquid restaking and native restaking, to earn additional passive income from their staked assets.

Furthermore, institutional enterprises can leverage Eigenpie’s platform to access a wide range of DeFi opportunities by using their staked assets. The protocol offers liquid restaking services, and is thus timely as investors continue to explore DeFi opportunities in the crypto market.

Intermediate

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Eigenpie (EGP): ETH Liquid Restaking Powered by EigenLayer

Mumu the Bull is a meme coin built on the Solana blockchain. Learn more about how it works in this article.

 are two of the most iconic. Of the two imposing quadrupeds used to describe general market trends, almost everyone hopes for a bull market, in which prices soar. The crypto project known as Mumu the Bull has taken this classic concept and turned it into a 

. By combining internet trends from around the globe, Mumu the Bull hopes to create the next big thing. Is Mumu the Bull popular right now, and will its price increase in the future? Explore this guide to find out.

 blockchain. Its marketing ties together cartoon animal imagery, similarly to 

, with crypto memes about bull markets. This coin is also known for its competition with the Bobo the Bear meme coin.

According to Mumu the Bull’s creators, the coin’s primary goals are to unite the crypto world by including references to several beloved memes within the crypto universe, and to encourage countless users to trade its coin. In addition to references to bull and bear markets, Mumu the Bull endeavors to capitalize on familiarity with Pepe the Frog meme coins. It uses similar art and occasionally includes cartoon frogs in its memes. Eventually, 

 it will be able to use these playful references to become "the meme coin to rule them all." 

Some crypto investors also believe that Mumu the Bull can function as a market sentiment tracker. Its creators have set up Mumu the Bull to compete with Bobo the Bear. Therefore, some users hope that they’ll be able to predict a bull-vs.-bear crypto market by considering which of the two cryptos has a higher price and/or trading volume.

The Mumu the Bull meme coin project is built on the Solana blockchain. Thus, instead of running its own ledger, it uses the underlying security of Solana to validate and track each transaction. While Solana handles the back end, Mumu the Bull's team is focused on promoting the token. They’ve created multiple social media sites, and spend a lot of time generating memes and artwork surrounding the coin. This allows them to get their coin into the public consciousness, so more crypto enthusiasts will be interested in buying it.

 that automatically removes 0.25% of tokens from the liquidity pool for each sale that’s made. This has resulted in a current total supply of 2.324 trillion tokens. Of the total supply, 95% has been allocated toward liquidity. These tokens quickly ended up being bought and sold on the open market. The remaining 5% of tokens were distributed to the Mumu the Bull team to compensate them for their work.

Initially, the MUMU token struggled to gain attention after its release, trading at roughly $0.000005. However, several months after its launch, Mumu the Bull took the crypto world by storm. Prices suddenly doubled, and then doubled again. By Jul 29, 2024, MUMU had reached an all-time high (ATH) of $0.00012. 

Despite a drop in price from its ATH, Mumu the Bull has still managed to retain popularity. MUMU is currently within the 

 by market cap and among the top 500 cryptocurrencies overall. Furthermore, MUMU’s 24-hour trading volume is $9.87 million (as of Oct 2, 2024), and its price is still up, roughly 1,257% from its ATL. 

This pricing history reveals a lot about the popularity of Mumu the Bull. Instead of following the trend of many meme coins, with a brief spike in interest followed by obscurity, Mumu the Bull has experienced a slow yet steady rise in trading. This coin has gone from an underrated novelty to an iconic meme coin in the 2024 market. Particularly when the market is dealing with bull conditions, Mumu the Bull is trading very well.

MUMU tokens are primarily available through 

 (DEXs). The creators of Mumu the Bull suggest that people purchase MUMU by purchasing Solana tokens, and then swapping Solana for MUMU tokens on a DEX. 

However, if you prefer a more convenient way to invest in MUMU, consider purchasing Mumu the Bull tokens as a Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

If you're looking for a diverse portfolio filled with meme coins, the MUMU token is a promising option. Its price is currently low enough that it's not overinflated, yet it's still seeing a lot of trading activity. Thanks to its proximity to the Pepe the Frog universe, Mumu the Bull seems likely to keep its audience interested for some time.

However, this probably isn't a meme coin that's going to turn anyone into a millionaire overnight. While it's performing reasonably well, nothing about the coin indicates an imminent drastic increase in value. It's likely to undergo both small price increases and decreases in the future. Due to the inherent volatility of meme coins, investors need to exercise some caution when purchasing Mumu the Bull. Never overextend yourself financially, and make sure you 

Ultimately, Mumu the Bull is a promising addition to the world of meme coins. By focusing on classic memes about market conditions, it's managed to attract an audience and increase its prices. However, Mumu the Bull has a lot of competition, so only time will tell if this token can become a top meme coin.

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Mumu the Bull (MUMU): A Symbol of the Bull Run Moovement

Bybit Savings is an investment product on Bybit Earn that offers both flexible and fixed product terms with competitive and guaranteed APRs.

Demand for Passive Income Surge In Crypto

The demand for safe and reliable passive income in the crypto space is rising due to the following:

As the market matures, the search for dependable passive income options will likely continue to grow. 

 emerges as a solution for users to obtain passive income easily while sailing through market volatility.

Countries like Japan continue to experience low interest rates as compared to others. Fixed deposits in yen yield only 0.25%, prompting investors to seek higher returns to combat inflation.

 is an investment product on Bybit Earn that offers both flexible and fixed product terms with competitive and guaranteed APRs. The product supports BTC, ETH, USDT and other popular coins. 

Users can choose fixed-rate products with Bybit Savings, further reducing their exposure to interest rate volatilities. 

Compared to the 0.25% interest rate offered in the Japanese yen (central bank rates), Bybit Savings offers a much higher APR with greater stability.

You can choose from approximately 170 tokens. Stake your tokens, select either a flexible or fixed term (depending upon availability) and start earning daily passive income. 

For all details, please refer to our detailed guide 

Why Choose Bybit Savings for Stable Revenue?

How Does Bybit Savings Compare to Bank Deposits or Money Market Funds?

Apart from the benefits we’ll highlight below, the key difference is that with Bybit Savings you can 

 your favorite token while earning stable revenue.

Other benefits offered by Bybit Savings are as follows:

Comparison With Other Crypto Investment Strategies

Compared to other crypto investment strategies, such as trading or investing in high-risk tokens, Bybit Savings provides a more stable and reliable way to earn passive income. 

While trading can yield high returns, it also carries risks and requires active management. Bybit Savings, on the other hand, allows users to earn passive income with minimal effort, making it suitable for both novice and experienced investors looking for a safe way to grow their assets in the crypto space. Overall, Bybit Savings stands out as a compelling alternative for those seeking higher interest rates and a stable, low-risk investment strategy in the evolving cryptocurrency market.

Step 1: Navigate to the Bybit Savings Page

Visit the Bybit Savings page by clicking on 

Explore the available plans based on Coin, Staking Period, APR and Term, and select the one you would like to purchase. Then, click on 

Enter your investment amount, and make sure you acknowledge all the parameters you’ve chosen. Then, click on 

: For Fixed Savings, please note that the plan you’ve purchased can't be unstaked or early redeemed until it expires.

Maximizing Your Revenue With Bybit Savings

Reinvesting Your Earnings for Compounding Interest

Reinvesting your earnings is a powerful strategy that leverages compounding interest. When you reinvest the interest you earn, your principal amount increases, leading to greater returns over time. This exponential growth can significantly enhance your portfolio’s overall value. 

In the context of Bybit Savings, where interest rates can be considerably higher than those offered by traditional banks, the impact of compounding becomes even more pronounced. With Bybit Savings, you can choose to 

 the interest for those plans with flexible terms, and compound the return you’ll receive when you unstake those positions.

 is a feature that allows you to automatically invest your idle assets into Flexible Savings products on Bybit. When activated, your specified idle assets will be invested into Bybit Flexible Savings daily at 10AM UTC. Once staked, these assets function similarly to Flexible Savings, enabling you to earn yields while retaining the flexibility to redeem your assets whenever you need to. Following is a 

Diversifying Your Portfolio Within Bybit Savings for Risk Management

Diversification is a key principle in risk management, and Bybit Savings provides various options to achieve it. By spreading your investments across different savings products within the platform, you can mitigate risk and optimize returns.

For example, you might allocate a portion of your assets to Fixed Savings for more predictable returns while placing another portion in Flexible Savings to capture higher rates when market conditions are favorable. This diversified approach allows you to balance the potential for higher gains with the security of more stable returns, ultimately enhancing your overall financial resilience.

Timing Fixed Savings Periods to Match Market Conditions

Timing your fixed savings periods can be crucial to maximizing returns. By strategically choosing when to lock in your funds based on market conditions, you can capitalize on periods of higher interest rates.

For instance, if you anticipate a rise in interest rates due to market trends, locking in your funds for a fixed period can yield more significant returns. Conversely, if the market’s interest rates appear to be declining, you might opt for shorter fixed terms or flexible savings options, allowing you to adapt quickly to changing conditions. This proactive approach can help you optimize your earnings and manage risk effectively.

How Flexible Savings Allows Easy Withdrawal Without Locking up Your Funds

One of the standout features of Bybit Savings is the flexibility it offers. Unlike traditional fixed savings accounts that require you to lock up your funds for extended periods, Bybit’s Flexible Savings allows you to withdraw your assets easily without penalties.

You can invest confidently with Bybit Savings, since Bybit offers 

In addition to Bybit's security measures, users can take several steps to enhance the protection of their assets:

Bybit Savings offers a compelling solution for investors seeking reliable and higher returns in the cryptocurrency space. With features like competitive and guaranteed APRs, options for flexible and fixed terms and the opportunity to reinvest earnings for compounding interest, users can enjoy a stable and low-risk passive income stream. Furthermore, the platform’s top-notch security measures and user-friendly interface make it accessible for both novice and experienced investors.

As the demand for passive income continues to surge in the crypto market, now is the perfect time to explore Bybit Savings. By taking advantage of this innovative investment product, you can harness the potential of your idle assets and achieve your financial goals with confidence. Start your 

 journey today — and set yourself on the path to financial growth!

1. What is Bybit Savings, and how does it work?

Bybit Savings is a crypto-based savings program that allows users to earn interest on their cryptocurrency holdings. Users can choose between flexible and fixed-term savings, where flexible options allow easy withdrawal, and fixed options offer higher returns for locking in funds.

2. What are the differences between flexible and fixed savings?

Flexible savings allow you to withdraw your funds anytime, offering lower interest rates. Fixed savings, on the other hand, lock your funds for a set period in exchange for higher interest rates, providing more lucrative returns.

3. How can I start earning with Bybit Savings?

To start earning, create a Bybit account, deposit supported cryptocurrencies, navigate to the Savings section, and choose between flexible or fixed-term savings. Deposit your funds, and you’ll start accruing interest.

Yes, Bybit offers top-tier security measures, including two-factor authentication (2FA), cold storage of assets, and risk management protocols. However, like any crypto investment, users should apply additional security measures on their end.

5. How much can I earn with Bybit Savings?

Earnings depend on the type of savings you choose (flexible vs. fixed), the cryptocurrency you're saving, and the current interest rates. Fixed savings typically offer higher rates, but the earnings can grow significantly through reinvestment and compounding over time.

Yes, if you choose flexible savings. For fixed-term savings, your funds will be locked for the duration of the savings period, and early withdrawal may not be possible or could result in penalties.

7. How is Bybit Savings different from traditional savings accounts?

Bybit Savings offers much higher interest rates than traditional savings accounts due to the volatility and nature of cryptocurrency markets. However, it also comes with a different risk profile as it's tied to digital assets.

Bybit Savings is considered a low-risk way to earn passive income, but since it involves cryptocurrencies, there are still market risks involved, such as fluctuations in the value of the underlying assets.

9. What cryptocurrencies are supported on Bybit Savings?

Bybit Savings typically supports popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDT. The available coins may vary over time based on market demand.

10. How do I maximize my earnings with Bybit Savings?

Maximize earnings by reinvesting your interest for compounding returns, choosing higher-yield fixed savings options, and diversifying your savings across different cryptocurrencies to manage risk.

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How to Utilize Bybit Savings for Safe and Stable Revenue Year by Year

Bybit Learn

web3

Explainers

Altcoins

Phaver (SOCIAL) is a web3 social app designed to let users create and own portable social graphs in a decentralized way.

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The internet has made it possible (and easy) to digitally share our social lives and content. Through Web 2.0 social networks, you can conveniently stay in touch with your connections, including family, friends, work colleagues and other life acquaintances. However, despite the convenience and the value these networks bring, most of them seriously infringe upon your privacy, with harvested data from your profiles and browsing history being used unethically — and without your permission.

Furthermore, most of our social history remains fragmented across our many social media channels, since we can’t move our old social profiles to a new one on another platform. This results in a loss of important social connections and precious social content that holds sentimental value — and you'll have to start from scratch if you want to rebuild your digital credibility. 

Phaver aims to change all this by empowering us with the ability to preserve our social history, even as we switch channels. It’s a forward-thinking 

 social platform that introduces an innovative approach to help you create and fully own a portable social graph through 

, and Phaver rewards you based on the quality of your social content.

 approach to provide a rich and fulfilling social life.

Phaver is a web3 multi-protocol social app that allows you to create a permissionless and noncustodial social graph through an innovative hybrid ecosystem that combines on-chain and off-chain mechanisms.

Through this gamified social app, users can cultivate their social reputations in a decentralized way, and receive rewards in the form of points for their constructive efforts on the platform. Launched in May 2022 by Joonatan Lintala (CEO) and Tomi Fyrqvist (CFO), Phaver's broad vision is to create more user-owned social networks through strategic partnerships, and by leveraging 

To enhance usability and scalability, the Phaver team has integrated social media 

, such as Lens Protocol and Farcaster, which allow users to share posts on these blockchain-powered networks. Additionally, you can showcase your social content, earn NFTs and accumulate Points/Cred in the process.

Unlike some profit-centered, centralized and proprietary Web 2.0 socials, Phaver's user-centric structure embraces progressive decentralization and focuses on maximum utility, rather than maximum engagement. Better yet, you can port your social history via the platform, which helps you retain your social content.

At the heart of Phaver’s gamified ecosystem is the SOCIAL token, which provides accessibility to the platform’s in-app features and mechanisms. 

As a gamified social network, Phaver utilizes a two-pronged reward mechanism consisting of Points and Cred, which ensures rewards seamlessly flow to genuine, high-value contributors. The next section explains some mechanisms that Phaver’s platform uses.

Phaver Points act like a currency in the Phaver ecosystem. They’re redeemable for tokens, and can unlock various rewards on the platform. You can earn Phaver Points in the following ways:

Apart from Phaver Points being converted into tokens on TGE, you can cast the Points on your post to boost visibility and appear on 

. In the future, Points will be the currency that unlocks premium content through subscriptions.

Phaver uses a Levels and Cred system to mitigate the challenges of botting and multi-accounting. Phaver Cred represents your level on the Phaver system and determines your rewards. With Phaver Cred, you can build your web3 digital reputation, earn a yield on your NFTs and claim token rewards.

Upon entry into Phaver, you'll automatically be placed in Level 1, where you can access all of the social perks on the platform, but can't cast Phaves (Points) or claim token rewards. As your Cred score increases, you’ll level up to unlock a wide range of perks, including better visibility and premium features. The maximum level you can reach is Level 4, typically only achievable by top-tier KOLs and web3 super users.

As part of the Cred system, Phaver has introduced Cred Pass NFTs as a way to level up faster and unlock more benefits. Minting of Season One of these 9,307 utility-rich NFTs was held on Sep 19, 2024 via 

Phaver incentivizes content creators by giving them full ownership over their work. The program is designed for a wide range of creators, such as musicians, visual artists, video creators, gamers, comedians and analysts. Through Phaver, these creators can monetize their work and also receive exclusive perks. There are over 100 participants in the program, with a growing number of applications already in the screening process.

Partnerships and collaborating with the community are an integral part of the Phaver ecosystem. In line with its vision to provide a decentralized social experience across networks, Phaver has integrated the following protocols on its platform.

 is an open social network that uses NFTs to let you create profiles and content on-chain. This ensures you own your social graph, and can switch seamlessly across profiles. By integrating with Lens, Phaver has unlocked the ability for its users to connect with Lens Protocol’s users off-chain without needing a wallet. As a Lens user, you can post on Phaver and decide whether you want it broadcast across the Lens network.

Some of the core features on Lens that are supported on Phaver include the following:

 is a decentralized social network that lets you own your social identity and data with features such as posting, mirroring (an action similar to X's "retweeting" function), channels and frames (interactive apps). Phaver integrated with Farcaster in March 2024, unlocking the following functionalities for users:

 that uses a decentralized identity, Moca ID, to digitally access the company's extensive portfolio, which includes over 450 companies. Following Mocaverse's integration with Phaver, users can free-mint their Moca ID on the platform and use it as proof of identity to participate in various activities and accumulate reputation points.

In its early days, Phaver integrated Cyber (CyberConnect) into its network. 

–compatible wallet solution that helps simplify onboarding into web3 and facilitates the creation of decentralized digital identities through NFTs. This integration allows users to link their CyberAccounts to their Phaver profiles.

Phaver aims to create a multi-protocol incentivized ecosystem for sharing content. With Phaver, you can access multiple social graphs simultaneously and get rewarded for creating/curating good content. Once you post, you have control over which audience can access the posts, either those on Phaver only or across its integrated networks, such as Lens Protocol.

You can also choose in which Phaver community you want to post when sharing content. This segmentation helps to improve engagement, since your posts are featured on feeds of others with similar interests.

Depending upon your level, you'll receive a certain number of “Phaves” that you can cast on your favorite posts (Phaves are similar to Likes on Web 2.0 social media platforms). Top-performing Phavers receive Phaver Points, which can be converted into tokens. You can also mirror posts: the poster who created the original post will earn the Phaves received on the mirrored posts.

You can also boost your posts’ visibility by purchasing Premium or Superior posts. This upgrade earns you a dedicated feeds filter that helps you quickly build an on-chain audience.

Phaver believes discovering content on its platform should be user-optimized and incentivized for a more fulfilling experience. To achieve this goal, users get to choose what to follow, since every piece of content is shared within a topic based on the most relevant feed. Phaver has a

 tab that lets you search for a specific person. To ensure high-quality content is posted, Phaver has a 

 feature, which allows those on Level 2 and above to cast on their favorite posts.

What Is the Phaver Crypto Token (SOCIAL)?

Phavercoin (SOCIAL) is the native token for Phaver. Holding SOCIAL earns you Creds and Points that can be converted into tokens during special campaigns. It also increases your monthly withdrawal quotas, and if you’re at a higher level, holding SOCIAL unlocks exclusive perks, such as whitelists and VIP support.

SOCIAL has various utilities on Phaver. The token can be used by brands and projects to pay for advertising, collaborations and boosting posts. Users can also use SOCIAL to buy Points to boost their visibility.

SOCIAL’s total supply is capped at 10 billion tokens. In the future, Phaver plans to implement a quarterly token burn, which will help reduce the amount of tokens in supply and retain SOCIAL's value. SOCIAL’s token distribution is as follows:

Phaver token distribution. Source: Phaver

, Phairdrop, in which 4% of its token supply will go to eligible participants. To qualify, a user must:

You can check eligibility for the SOCIAL airdrop on

. The token airdrop ratios (based on Points) are as shown below:

You can buy SOCIAL on the Bybit exchange as a Spot pair (SOCIAL/USDT). 

, Bybit is holding a Launchpool event through Oct 1, 2024, 10AM UTC. Staking USDT, SOCIAL or MNT will help you earn a share of the 90,000,000 SOCIAL tokens in the reward pool. To participate, you'll need to stake either of these three tokens in the Bybit Launchpool to earn a daily yield that will be calculated the next day. VIP users who participate in the event will earn additional APR rewards.

Bybit is also holding a SOCIAL token splash event through Oct 8, 2024, 8:59AM UTC, in which 7,000,000 SOCIAL tokens are up for grabs. To earn these tokens, you can deposit and complete tasks on the deposit page (see above link).

As privacy and ownership of data continue to challenge internet users, Phaver provides an innovative approach to connecting on social media that not only gives you control over your content, but also rewards you for it. With strategic integrations to other social networks such as Lens Protocol and Farcaster, Phaver offers a seamless, cross-platform experience while preserving your social history. Powered by its utility token, SOCIAL, Phaver is leading the charge toward a more transparent, user-centric future for social media, offering a rewarding alternative to traditional networks.

Phaver (SOCIAL): The Key to Preserving Your Social Legacy

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards