Roam Launches Pilot Burning Pool for $ROAM Token Exchange

Thursday, January 23, 2025 12:00 AM
29,396
Roam Launches Pilot Burning Pool for $ROAM Token Exchange cover

On January 24th at 6 PM (UTC+8), Roam will officially launch its “Pilot Burning Pool,” allowing users to exchange $ROAM tokens by burning Roam Points. This initiative coincides with the Spring Festival and aims to familiarize users with the burning pool mechanism while maximizing the benefits of Roam Points. Users can contribute a minimum of 500 Roam Points and select a burning period. The burning pool features a dynamic conversion rate that varies based on the total burned points and the number of tokens generated during specific time frames, encouraging users to choose optimal burning timings for better returns. After the Token Generation Event (TGE), users can claim their generated $ROAM tokens in their personal Roam wallets.

The burning pools consist of three distinct categories: the General “Burning” Pool, which is open to all Roam users for a straightforward participation experience; the Miner “Burning” Pool, tailored for Roam router holders, offering a higher exclusive conversion rate; and the Sticker “Burning” Pool, specifically for Roam Sticker holders, where the burnable points are determined by the number and rarity of their Stickers. Notably, burned Roam Points will be permanently destroyed, while users can earn points through various activities such as adding WiFi nodes, checking in, and inviting friends. Additionally, miner users can enhance their points through mining activities and deploying routers.

Roam has seen significant growth, with over 2.5 million registered users across more than 200 countries and regions, and boasts over 1.5 million self-built WiFi nodes. According to the Messari 2024 DePIN report, Roam ranks among the top five DePIN projects globally, with over a million active nodes, maintaining its position as the leader in the DePINscan hardware node rankings. ChainCatcher advises readers to approach blockchain developments with a rational mindset, enhance their risk awareness, and exercise caution regarding virtual token issuances and speculative activities.

Related News

Filecoin at a Crossroads: Key Support Level and Market Sentiment cover
2 days ago
Filecoin at a Crossroads: Key Support Level and Market Sentiment
Filecoin (FIL), a prominent player in the decentralized infrastructure sector, is currently navigating a critical phase in its trading journey. As of now, the asset is hovering around a pivotal support level of $3.38, with its short-term trajectory hanging in the balance. Traders are closely monitoring this juncture, as a decisive move could either propel the price upwards or trigger a sharp decline. Recently, Filecoin experienced a modest 0.50% increase in price, accompanied by a notable 16% spike in trading volume, indicating heightened interest from market participants. Technical analysis reveals that Filecoin has formed an ascending triangle pattern on its four-hour chart, suggesting potential upward movement. However, the asset's ability to maintain its position above the $3.38 support level is crucial. Should it succeed, analysts predict a possible surge of up to 20%, targeting the $4.05 mark. Conversely, if the price dips below $3.30, a decline to $2.92 could be imminent. Additionally, the 200-day Exponential Moving Average indicates a prevailing downtrend, further complicating the market sentiment surrounding FIL. Despite the bearish outlook, on-chain metrics present a more optimistic scenario. Data shows that intraday traders are favoring long positions, with significant accumulation at the $3.32 level. Furthermore, long-term investors are withdrawing FIL tokens from exchanges, signaling a bullish sentiment and potential buying pressure. As the broader cryptocurrency market grapples with uncertainty, Filecoin's strong fundamentals and increasing adoption in the Decentralized Physical Infrastructure Networks (DePIN) space may provide the resilience needed to navigate this tumultuous period. The coming days will be critical in determining whether Filecoin can maintain its support and initiate a rally or face further declines.
Golem's 40% Surge: A Comeback or Speculative Rally? cover
2 days ago
Golem's 40% Surge: A Comeback or Speculative Rally?
Golem has made headlines recently with a remarkable 40% price surge, reigniting interest in its potential future. Once a frontrunner in decentralized computing, Golem's resurgence raises questions about whether this is a genuine comeback or merely a speculative rally. The sudden spike in price has led to discussions within the crypto community, especially given Golem's previous struggles and a notable absence from social media since late 2024. The project, which allows users to lease unused processing power, had been overshadowed by its lack of updates and communication from its development team, leading many to believe it was on the verge of extinction. The recent price movement has sparked debates about Golem's viability in the competitive landscape of AI-focused cryptocurrencies. While the surge has generated excitement, the subsequent pullback has cast doubt on its sustainability. Technical indicators, such as the Relative Strength Index (RSI) and On-Balance Volume (OBV), suggest that the price increase may have been driven by speculative trading rather than solid fundamentals. Additionally, Golem faces stiff competition from established projects like Render and Ocean Protocol, which have shown stronger development and community engagement. For Golem to reclaim its position, it will need to demonstrate renewed innovation and effective communication with its user base. As the market watches closely, Golem's next moves will be crucial in determining its future. Investors are advised to remain cautious, as the lack of clear updates from the team could lead to a quick reversal of fortunes. The current landscape for AI cryptocurrencies is dynamic, and while Golem's recent surge is noteworthy, it must prove its long-term viability to attract serious investment. Without a solid strategy and community involvement, Golem risks becoming just another fleeting trend in the ever-evolving crypto market.
Streamr Unveils Protocol Upgrades for Enhanced Security, Usability, and Scalability cover
2 days ago
Streamr Unveils Protocol Upgrades for Enhanced Security, Usability, and Scalability
In a recent update, Streamr has announced significant protocol upgrades aimed at enhancing security, usability, and scalability within its decentralized data streaming network. These upgrades are essential as the platform evolves from a middleware solution to a forefront technology that promises to revolutionize data streaming. The focus on security includes the introduction of quantum-resistant streaming, which is crucial for safeguarding data against potential future threats posed by quantum computing. This feature is particularly relevant for sensitive applications in government and military sectors, ensuring that data remains secure even as quantum capabilities advance. To improve usability, Streamr is investing in native language bindings, flexible data validation, and a multichain architecture. The development of native SDKs has already achieved significant milestones, allowing for enhanced data publishing capabilities across various programming languages. Additionally, the support for arbitrary publisher identities and integration with diverse cryptographic systems will facilitate new partnerships and broaden the network's applicability. The multichain architecture further enables projects to operate on their preferred blockchain while benefiting from Streamr's decentralized data transport, thus promoting wider adoption. Scalability remains a critical focus for Streamr, especially as the demand for real-time applications grows. Landmark benchmark tests have demonstrated the platform's ability to maintain low latency and quick data retrieval, even in a decentralized environment with numerous nodes. With the results of these tests set to be published in early 2025, Streamr aims to solidify its position as a leader in decentralized data streaming. As the network approaches its first anniversary, the commitment to continuous research and development promises a bright future for secure, scalable, and decentralized data solutions in a multipolar world.
Stratos Network Partners with Arkreen to Promote Sustainable Decentralized Infrastructure cover
2 days ago
Stratos Network Partners with Arkreen to Promote Sustainable Decentralized Infrastructure
Stratos Network is taking significant steps towards building a sustainable and decentralized infrastructure by partnering with Arkreen Network. This collaboration focuses on promoting renewable energy adoption and achieving carbon neutrality. Stratos Network is committed to offsetting its operational carbon footprint by leveraging Arkreen's green asset data, which reinforces its dedication to sustainability and responsible operations in the Web3 space. In addition to their operational initiatives, Arkreen has extended an invitation to the founder of Stratos Network to participate in an upcoming Arkreen Talk. This event will provide a platform for discussing decentralized infrastructure, artificial intelligence, and sustainable energy solutions. The partnership aims to explore collaborative opportunities with eco-partners to advance Green DePIN initiatives, which are essential for promoting environmentally friendly practices within the Web3 ecosystem. The integration of Stratos Network's scalable, decentralized storage and AI computation capabilities with Arkreen's on-chain Renewable Energy Certificates (RECs) through its AREC carbon offset protocol is set to revolutionize decentralized AI infrastructure. By harnessing green energy, both networks are not only enhancing their operational efficiency but also contributing to a greener future. This partnership exemplifies how decentralized technologies can align with sustainability goals, paving the way for innovative solutions in the renewable energy sector.
The Need for Privacy in Blockchain Adoption cover
4 days ago
The Need for Privacy in Blockchain Adoption
In a recent discussion, Matthew Niemerg, co-founder of Aleph Zero, emphasizes the critical balance between transparency and confidentiality for businesses considering blockchain adoption. He draws parallels to the Renaissance banking practices of the Medici family, who maintained meticulous records while ensuring access was limited. Niemerg argues that the current push for radical transparency in blockchain transactions could deter businesses from embracing this technology, as it exposes sensitive information to competitors and market manipulators. He suggests that transparency should focus on verifying compliance with rules rather than making every business decision public. Niemerg highlights that industries such as healthcare and financial services, which have successfully adopted blockchain, rely heavily on trust built over decades. The risk of exposing confidential information, such as patient records or corporate financial strategies, could undermine this trust. As businesses increasingly move operations on-chain, the need for privacy becomes paramount. For instance, a pharmaceutical company developing a new drug cannot afford to disclose its research investments, nor should a retail chain reveal its inventory management strategies through visible smart contracts. To address these privacy concerns, Niemerg advocates for the integration of privacy-preserving technologies, such as zero-knowledge cryptography, into blockchain systems. This approach allows for transaction verification without revealing sensitive details, thus maintaining the trustless nature of blockchain while protecting business information. He warns that without robust privacy solutions, enterprises may gravitate toward private, permissioned networks, which could fragment the blockchain ecosystem. Ultimately, Niemerg calls for a shift in blockchain design philosophy, urging developers to prioritize confidentiality as a foundational element to ensure practical business adoption and the long-term viability of public blockchains.
JetBolt Emerges as a Contender in the Crypto Landscape cover
5 days ago
JetBolt Emerges as a Contender in the Crypto Landscape
In the ever-evolving landscape of cryptocurrency, 2023 has seen established players like Solana (SOL), Ripple’s XRP, and Cardano (ADA) continue to drive blockchain innovation. However, new contenders are emerging, with JetBolt (JBOLT) capturing significant attention due to its revolutionary zero-gas technology and a highly successful presale. This article explores why JetBolt, alongside other notable cryptocurrencies such as Polkadot (DOT), Kaspa (KAS), and Sui (SUI), is being touted as a top pick for massive growth potential in the coming years. JetBolt (JBOLT) is making waves with its innovative approach to blockchain transactions, allowing for fast and gas-free operations. With over 320 million JBOLT tokens sold, the project is rapidly gaining traction among investors and developers alike. The platform’s integration of artificial intelligence enhances its functionality, offering users a seamless interface for accessing crypto news and market data. Additionally, JetBolt's staking mechanism provides not only token yields but also extra bonuses for active participants, making it an attractive option for both seasoned investors and newcomers to the crypto space. Other cryptocurrencies like Solana and XRP are also positioned for growth. Solana is recognized for its high transaction speeds and low fees, while XRP continues to navigate legal challenges but remains a strong player in cross-border payments. Meanwhile, projects like Kaspa and Sui are noted for their innovative architectures that enhance scalability and transaction efficiency. As the crypto race heats up, JetBolt stands out among these giants, potentially leading the next wave of blockchain advancement with its unique offerings and successful presale strategy.
Signup for latest DePIN news and updates