Will RabbitHole be the solution to the mass adoption of DApps by the public? Let's find out how these gamification tasks for DApps education works. 

Crypto education is essential for the growth of cryptocurrency and decentralized finance (

.) With new technology populating the ecosystem, it's essential for users to keep up and thrive. RabbitHole crypto strives to elevate users' crypto and blockchain knowledge of 

In this article, we'll walk you through the importance of web3 and how it revolutionizes the crypto industry, and we’ll explore the efforts 

 contributes to bridging the educational gap. 

Web3 represents a significant shift in how we think about and interact with the internet, and its potential to transform various industries is driving its popularity.

Why Is Crypto Education Important in Web3?

Crypto is one of the fastest-growing industries, with new projects, protocols, smart contracts and applications being launched on a daily basis. The evolution of Web 2.0 to web3 is giving users the power to control their data and digital identity, which essentially provides greater privacy and security. However, one key question to ask is whether they’re being utilized. 

Creating DApps or protocols that fit in web3 is labor intensive, as it requires a lot of research and development. But educating users on its utilization is an entirely new ball game. Users need to understand not only how to control their data circulation, but how to govern it to make crypto networks more decentralized. This is precisely where crypto education comes in handy — to replace the monopolization of the current financial system by uplifting the adoption of decentralized applications. 

RabbitHole is a crypto platform that rewards users for learning and interacting with a blockchain protocol. The goal is to onboard more people to web3 and utilize DApps through fun and interactive gamification. Its vision is to fast-track the growth in the adoption of DApps in the most sustainable way, in order to deter centralized financial domination. 

RabbitHole integrates a unique learning experience through expert content curation to guide users in understanding the functionality of a new network. Project participants can acquire 

, based on their learning progress, in exchange for crypto rewards. 

What Is the Learning Landscape on RabbitHole?

As you use this platform you build an on-chain résumé. Additional earning opportunities open up as you progress. For example, crypto networks on RabbitHole reward users with unique tokens whenever they interact with their 

. As you progress, you'll move up on the leaderboard and accumulate XP in return for rewards. 

The learning landscape on RabbitHole is straightforward without neglecting the fun factor. A network project is typically introduced using game-like elements and a video introduction that ease the onboarding journey. Participants must answer questions, perform tasks, interact with the smart contract and identify a bug in order to prove they comprehend the concept to be rewarded. 

Some examples of quests that can earn you rewards:

Looking ahead, RabbitHole strives to function like a gig economy but one that's more rewarding than the Web 2.0 version. Users will earn more over time, and will be able to accept better jobs through their on-chain résumé.

 has introduced new features, improved upon existing processes and upgraded the user interface. A common complaint users had regarding V1 was that it took too long to receive their quest rewards. It's now faster to claim rewards through the new Quest Receipts feature. After you complete a task, you can mint a receipt, which you can redeem for the designated reward or sell on a secondary marketplace like OpenSea.

"Skills" were removed to make the app more accessible to everyone. It's now easier for people who are new to the platform to begin completing quests.

The team has also been working hard on its transition to an on-chain infrastructure. This will increase transparency because everyone can see the status of quests on the blockchain.

1. Unique Gamified Tasks to Onboard Users on Crypto Education

You practice what you learn through gamified tasks, referred to as quests. Upon completing each quest, you can mint a receipt. Minting a receipt is unique because you can sell the reward instead of redeeming it. Of course, you can decide if you'd rather redeem the reward or sell it, making it more relevant for users.

2. Enticing Incentives to Bootstrap New Networks

You can discover new networks as you complete quests. From the creator's perspective, the platform effectively spreads the word about its application or network. It's a win-win situation for participants looking for extra income, and for developers building web3 DApps.

The RabbitHole platform aims to offer quests to users most interested in them. One of its goals is to make airdrops land in the hands of owners, who are more likely to find them relevant to their interests. App owners on the platform create “allow lists” based on what they're looking for in token holders. As users transact, they unlock more relevant quests, based on what they're doing on the blockchain.

How to Earn Rewards Using DApps via RabbitHole

You must connect to the RabbitHole platform with your crypto wallet to access quests and earn rewards upon completion. Wallets that work with the platform include MetaMask, Coinbase Wallet and WalletConnect.

The interface is straightforward to use. At the top, you can toggle between active, completed and expired quests. On the left, you'll see categories for your quests, rewards and settings.

: There is no cap to the number of quests in which you can participate daily, but users can't repeat the same quests for double XP. 

XP rewards are most relevant to V1. However, XP is obsolete in V2, in which users will instead be rewarded for completing a quest. The reward is usually in the form of cryptocurrency coins or tokens. For instance, if you complete a quest to participate in a USDC draw pool on the Optimism network, your reward may be 0.07 OP (OP is Optimism's native token, valued at $2.45 on Mar 21, 2023.) 

RabbitHole is still a relatively new project, which explains why its website lacks information. Even though there are tutorials and educational content posts on their Mirror account, it’s relatively difficult to navigate through their 

 for more information about the project and its future projections. 

RabbitHole needs to provide more information about how the platform works on their website. It may be more challenging for people new to cryptocurrency to get started. Those already into crypto may need further clarification about the finer details, such as how much compensation they can receive for completing quests.

RabbitHole users have complained about high 

 in the past. Each network charges its own gas fees. Periods of high activity on the network increase the fees. 

RabbitHole offers an opportunity to begin collecting different types of crypto while learning about cryptocurrency and web3. You can discover new networks and web3 projects through the app as well. The team has a big vision, and it could pay off to get in early.

Beginner

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RabbitHole Crypto: Gateway to DApps With Gamified Tasks

Are you a novice or native in the Web3 space? Here are the terms you need to know regardless. Explore now. 

Over the past few years, web3 has gained considerable traction among cryptocurrency investors, with promises of a clearer focus on blockchain technology and decentralization. While mass adoption and web3 integration will take time, the growth in this sector is still going strong. A few advantages of web3 include more solid user accountability, better security, uplifting financial interoperability and decentralization, and eliminating intermediaries. 

Like it or not, web3 is here to stay and transform. With the rise of business projects involving decentralized internet and blockchain, it only makes sense for us to keep up with the industry, starting by familiarizing ourselves with web3’s current terminologies. 

Why Do You Need a Good Grasp of Web3 Terms?

Web3 is set to revolutionize how we interact in a decentralized, permissionless 

 that big tech companies will no longer own. For example, Web 2.0 sites collect and gain access to a copious amount of personal user data, which they then appropriate for marketing. Lack of transparency limits users' control over their privacy, making it difficult to control what they want to share.

While the narrative for web3 is optimistic, the technology is relatively new. Understanding web3 helps those at the forefront of this industry. Starting with the basics, numerous terms and abbreviations will boost your confidence when interacting with web3 natives. 

How Does Understanding Web3 Slang Affect Your Investment Decisions?

Making any kind of investment decision requires ample research if you want to be fully informed. Because of the increasing popularity of web3, knowing the slang and terms pertaining to this technology should help you dive deeper into a given project’s mechanics and prospects. 

To better comprehend web3 and how its technology works, here are the top 50 of the most commonly used web3 slang terms. 

 when the value of an asset drops. When a market is bearish, this means that investors believe prices will continue falling. A bull market takes place when prices rise. 

 Bitcoin is the sole “true” cryptocurrency — and that every other form of crypto is worthless.

, which describes the investing approach of buying a crypto coin or NFT when it’s dropped in price.

, which serves as a vast information pool to which the crypto community has access. Breaking news about the crypto world usually drops on Twitter first, which is why it's an important tool for investors.

Cryptography involves the mechanics and logic of encrypting and decrypting messages and access of crypto transactions to uplift the confidentiality, integrity, and authenticity of data. It plays a crucial role in maintaining the integrity of digital data in a secure manner.

These are secured loans that require you to provide an asset to serve as collateral. 

 can benefit individuals who want to access liquidity without selling their cryptocurrency holdings. 

 is an open-source software application built on a blockchain network, which means that any individual can assist with its development.

, DAO refers to a management structure that automates certain facets of transaction and voting processing with blockchain technology.

 (DIDs) are network location mechanisms capable of enabling decentralized and verifiable digital identities. A DID can be an organization, person, data model or object.

Decentralization occurs when decision-making and power distribution are shifted away from a centralized authority. It involves distributed ledger technology, on which most cryptocurrencies are based. After being implemented, this technology enables direct peer-to-peer transactions.

s) are digital marketplaces, built directly on decentralized protocols, that don’t require a central authority to hold funds or match orders.

“Degen” is a shortened version of “degenerate,” meant to denote someone who hopes that a crypto project will succeed — without thinking about how that will occur. Degens are willing to purchase high amounts of currency in the hopes that it will rapidly increase in value.

Double spending is a possible flaw with digital currency systems that allows one digital token to be used twice in different transactions. This can occur when someone intentionally or otherwise performs two transactions with different addresses, using the same digital token.

Exit scams occur when projects shut down and disappear without any forewarning — after which all the money is gone. This issue commonly occurs when a fraudulent ICO takes the money that investors have raised.

Ethereum is set to roll out its Shanghai upgrade in March 2023, offering a 

, which will give them access to more holdings.

 for blockchain architecture. Layer 2 chains are able to process transactions at a faster rate, while also taking lower fees and reducing the workload. 

 of a blockchain is designed to store only the portion of the blockchain that's needed for transactions to be completed. 

Cryptocurrency liquidity refers to the ease with which digital tokens can be converted over to cash or another type of digital asset.

Crypto launchpads are platforms that accommodate blockchain-based projects to help raise capital for early-stage tokens by providing these tokens to groups of investors. Investors can purchase this token at a low price before it launches to the public at a later date. 

 refers to a hypothetical situation where the value of Ethereum becomes higher than that of Bitcoin.

 are created when ownership of a single NFT is separated into smaller, equal portions, which allows numerous people to jointly own one NFT.

FUD stands for fear, uncertainty and doubt. This specific acronym refers to the negative feelings that can spread rapidly in the broader crypto community. FUD can result in investors selling all of their holdings out of misplaced fear, which in turn leads to quicker price drops.

 (capitalized Genesis Block when referring to the original crypto, Bitcoin) is used to describe the very first block that a cryptocurrency mined. Every currency has a genesis block. 

GM is an abbreviation for "good morning," which is a basic phrase that crypto investors use to build a sense of community among each other. 

When a community member signs off for the day, they may type GN, which stands for "good night." This is another friendly greeting that crypto investors use to cultivate relationships. 

Hash rate refers to the measure of computational power in cryptocurrency networks that use a 

 (PoW) consensus mechanism. This rate determines the security, mining difficulty and health of a network.

 is an individual who will sell anything to other members of the crypto community. 

Mooning indicates a scenario in which the price of a cryptocurrency spikes upward in an instant (“to the moon”). It's meant to indicate the belief that prices will rise to monumental levels.

Intermediate

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Web3 Terms, Meaning, Slang: Top Web3 Phrases to Familiarize Yourself With

The Echelon Prime Foundation (PRIME) has created a game economy within the web3 ecosystem on Ethereum. Find out more about how it works here.

Many people think of the global electronic surveillance program when they hear the name "Echelon." However, in the 

 industry, Echelon has a completely different meaning. As a new web3 ecosystem specially designed for gaming, Echelon Prime (PRIME) provides a fair and decentralized gaming platform that fosters transparency while allowing traders to profit from cryptocurrencies through their gameplay.

Let's learn more about Echelon Prime (PRIME), and why it’s a great option for traders.

 mechanism that allows traders to earn tokens funded by their assets within the ecosystem. With a PRIME token, players or traders can acquire in-game items and a variety of digital assets. They can also exchange the PRIME token for other cryptocurrencies.

A notable key feature of Echelon Prime is its focus on transparency and fairness. In addition, Echelon Prime has many other features as detailed below. It’s helping to bridge the gap between the cryptocurrency and gaming industries. Echelon Prime aims to create better gaming experiences by prioritizing community and decentralization.

a science fiction trading card game, lets players use a deck of non-fungible token (

) cards to earn PRIME rewards during gameplay. It’s the first game partner of Echelon Prime. Currently in its closed alpha testing stage, only users who are granted early access can enter.

 has a variety of assets, which are NFTs within the Echelon Prime ecosystem. These assets all have a specific use.

, or MPs for short, are like the beloved guardians of any of the card’s derivative versions, such as FE, SE and PL. With a total supply of only 258 pieces — making each one a truly unique piece — owning an MP comes with many benefits, such as receiving a share in one-fifth of Echelon Prime's 5% royalty when its derivatives are traded on the secondary market. 

You'll also be able to distribute PRIME through 

 till Jul 18, 2023. In addition, you can earn one free mint per 

 base-set release, including packs and comics, as well as a portion of PRIME when its derivatives are replicated through 

 or PK was originally granted to traders who showed 

 support during its initial phase. There’s a Prime Key total supply of 1,500. Benefits include:

 (CDs). Holding a CD will allow its user to distribute PRIME by utilizing caching until Jul 18, 2023, as well as combining it with a Prime Key to create a Prime Drive.

 (PD) is the result of combining a CD and a PK. A PD has the ability to receive part of the PRIME throughput that comes from Sink Redistributions. The maximum supply of PDs is 150.

 cards, with a total of 32 Prime Set types. All of the base-set ParaSets are considered to be Prime Sets. Holders of Prime Sets can distribute PRIME via caching, and receive a portion of PRIME throughput derived from Sink Redistributions.

 with a total supply of 500. Just like the other assets, it also has the ability to distribute PRIME. The Core also rewards those who own it with one-fifth of the 5% royalty received by Echelon Prime each time there's a sale on the secondary market of a Core, CD, 

. It enables one additional PRIME winning game per day.

There are six other Keys in addition to Prime Keys. They have notable benefits, including:

 were a series of five snapshots taken between Feb 13, 2022 and Feb 3, 2023 to reward users who hold 

 cards with PRIME. The reward was meant to incentivize users for collecting more 

cards and Prime Sets. A total of 10 million PRIME tokens were doled out.

Caching is a process used to deposit assets that are within the Echelon Prime smart contracts in exchange for PRIME rewards. This allows traders/players to encounter a customized experience on Echelon Prime, in games, or on gaming partners' platforms. The experience is tailored to the items you have cached. Players have been able to cache their assets since Jul 18, 2022, and will continue to be able to do so until Jul 18, 2023.

There are many goods and services you can obtain for PRIME via smart contracts. One of these is

, which refill the gameplay pool by using Sink Redistributions, and also grant utility to PRIME.

Echelon Prime (PRIME) uses two pillars for 

Since its creation, Echelon Prime has made important strides in its development. Some of Echelon Prime's achievements include:

In the future, Echelon Prime is projected to achieve the following:

PRIME is the native token of Echelon Prime, with a total supply of 111,111,111 tokens. It has an initial distribution as follows:

Looking to trade PRIME? Look no further, as it’s available for trade on Bybit. Simply create an account, fund the account with cryptocurrency or fiat currency, and navigate to the 

Ultimately, the success of Echelon Prime (PRIME) as an investment depends on the trader/player's unique financial goals, investment strategy and risk tolerance. Overall, Echelon Prime (PRIME) has a high potential for profitability. Its growth prospects seem favorable, but of course, it’s imperative that you do your own research before investing in any cryptocurrency, including PRIME.

The Echelon Prime Foundation represents the next generation of gaming. As a leader in privacy and transparency, it’s transforming the world of game economies. 

, an innovative card game, allows players to trade NFT cards and earn PRIME tokens through gameplay.

Echelon Prime is expected to continue to grow as it is now a leader in providing traders with a decentralized and fair gaming platform.

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Echelon Prime (PRIME): A Web3 Ecosystem Designed for Gaming

GhostDAG protocol boasts its scalability to automate transaction approval without compromising security. Learn how Kaspa integrates GhostDAG to revolutionize the industry.

Scalability has always been a challenge for many networks in the crypto ecosystem. Tracing back to 1736, a Swiss mathematician named Leonhard Euler questioned whether walking across all seven bridges of the Prussian city of Königsberg (now the Russian city of Kaliningrad), once and only once on a continuous path, was possible. He concluded that there needed to be an even number of paths in consideration, with one leading to each relevant point and one leading away from each relevant point. 

The Seven Bridges of Königsberg is then considered to be the first application of what would eventually become known as graph theory, a branch of 

. In short, a blockDAG is simply the application of graph theory to the order in which transactions are approved within the chain. DAG, after all, stands for directed acyclic graph. There are no loops in a directed graph, and no cycles in a DAG. The entities completing transactions within the blockDAG act as the vertices of the graph, and the transactions between them as the edges. 

As a cryptocurrency, Kaspa is the first to use blockDAG as a scalable Layer 1, dramatically speeding up the trading process without sacrificing security. Keen to learn more about how Kaspa works? Let's dive right in. 

Within the chain, groups of data, including transactions, that are similar to one another are called clusters. The central datum of the cluster, whether that datum is real or imaginary, is called the centroid. "K" is the user-defined number of centroids required in the analyzed or affected dataset. Another word for "centroid" is "mean." 

 takes the user-defined number of centroids and assigns each datum to the nearest cluster. The idea is also to keep the centroids as small as possible.

GhostDAG uses what's known as a "greedy algorithm" to sort the data, and then put each datum into its proper location. A greedy algorithm accomplishes its task in the best way possible at any given moment, rather than being structured in a certain way. As for clusters, GhostDAG classifies data blocks as either Blue or Red. Blue blocks are on the chain, whereas Red blocks are not. GhostDAG doesn’t try to find the biggest cluster. Instead, the greedy algorithm finds the Blue set with the best tip, and then adds the data from outside the set. The combination of Blues and Reds forms a chain, with the block from the selected tip coming last. GhostDAG utilizes user-defined and mined data to create a topological order in the chain.

The primary concerns Kaspa’s framework is trying to solve are speed and scalability. Traditional blockchains rely on miners to verify transactions. It’s a secure system, but scalability is always the trade-off. 

Kaspa wants to automate the approval process, relying on the GhostDAG protocol while at the same time improving scalability and keeping the network’s security integrity in check. On top of that, Kaspa is also a permissionless network, making it accessible to everyone instead of relying on an administrator as the "gatekeeper" of the network.

In retrospect, the last major problem Kaspa aims to solve is how to provide proof of work securely without sacrificing security. The transactions themselves are secure, but verifying them is a separate task that requires its own programming and set of parameters. One of the ways that Kaspa does this is by 

, whereby the blockDAG is purged of data older than three days. 

By limiting the available data, Kaspa protects itself from what's known as a 51% attack. A blockchain is susceptible to centralized manipulation if more than 50% of it is controlled by one person or group. The rest of the data beyond the three days is stored elsewhere, meaning that a hacker can only get hold of three days' data — and will fail in any takeover attempt.

As a permissionless chain, Kaspa emulates Bitcoin's protections. The encryption method is different, using the KHeavyHash instead of SHA-256-PoW. SHA-256-PoW’s flaws include a need for a weighting function in assessing the priority of data on the chain, but KHeavyHash includes such a function. This means that, in addition to converting data to binary, creating hash values and normalizing constants, certain data therein is assigned a heavier weight than other data. That makes it even more difficult to crack the chain and threaten the security of the process. Chains only present completed and validated transactions, so hashing protects the transactions themselves by preventing fraudulent trading.

Such fraud includes things like double spending, which happens when a user reclaims coins after having "spent" them. Those coins could then be used again to purchase something else, or to pay more toward the first item. Say, for example, that someone needs 100 coins to purchase a car. If the person only has 20 coins, then they could add a program to the system that would pay the 20 coins, reclaim them, and then repeat the process another four times. The security of Kaspa, driven by KHeavyHash, prevents not only this fraud but others as well.

Kaspa associates itself with three different wallets: Mobile wallet, desktop wallet and command line wallet. The command line wallet is part of the core programming, and is generally only for the core team. The most popular is easily the mobile wallet, because it's not only the most secure but also the easiest to work with. It’s intuitive, making it the most user-friendly wallet in the market.

The desktop wallet is more powerful than the mobile version, but it's still easy to install and use because of the 

. That process manager allows a block to be added to the blockDAG once per second.

The pros are obvious: Increased speed, comparable security, and simplification of processes. But upon a deeper examination of the Kaspa network, there’s a problem: The need for more acceptance. Kaspa doesn't appear on any top-tier cryptocurrency exchanges. This relative lack of acceptance, and a relatively small amount of the currency in total has led some experts to opine that Kaspa might be a rug pull. There is, however, no direct evidence to support this.

One of the biggest pros of Kaspa is its meteoric price rise. Just six short months ago, it was trading at about half a cent. Now, it's nearly three times that. The combination of security, speed, and automated ease of proof of work have supported this unusual bullish run for Kaspa's coin. Supporters tout this as "proof of concept" for this small but apparently mighty cryptocurrency.

Like all cryptocurrencies, these coins are used to power the ecosystem and incentivize contributors to keep the data integrity of the platform in check. KAS boasts its utility for transaction fees and developers' payments. Mining node operators receive rewards in parallel to their contributions to the network. Because the transaction rate is just one second, the currency doesn't use large amounts of power supporting many hash functions. Miners can therefore realize a profit relatively quickly on the decentralized blockDAG.

As mentioned, the rise in KAS’s price has undergone drastic shifts since its inception. From its humble beginnings at 1/100th of a cent in late 2021 until now, the number of downturns has been small. Additionally, when KAS has gone down, it hasn't been catastrophic. In fact, during 2022, the high was the aforementioned half a cent, while the low was a quarter of a cent. That's a small range. Now, it's trading at a range of $0.015.

Still, all cryptocurrency trading involves risk. The market, especially the permissionless market, is highly volatile. Despite the small variances in the history of KAS, there might still be a big correction, dependent upon market sentiment. 

As to whether it’s a good investment, the general consensus is "yes." Still, all assets involve risks, and no one can game the system as an honest trader.

Kaspa is a cryptocurrency that has increased its value during its existence, created a new benchmark for transaction speed, and maintained a great level of security while doing so. It relies on parallel blocks for its incredible speed and great security. The mathematics behind its algorithms are sound, based upon almost 300 years of graph theory to order the transactions the right way. 

The blockDAG is a permissionless chain that uses well-designed automated processes to authenticate transactions. As of 2023, it's a good investment that will deliver modest-to-decent gains over time without the real possibility of terrible lows or ecstatic highs. Kaspa seeks to solve the 

 by efficiently and steadily delivering "all three sides" of the cryptocurrency triangle efficiently and steadily. Initial indications are that it has so far succeeded beyond expectations.

Advanced

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Kaspa: A GhostDAG Protocol to Improve Scalability in PoW Projects

Access Protocol is a gateway to a web3 native experience powered by Solana and Starknet that aligns consumers and content creators (B2C) without intermediaries. Learn how it works.

By now, we’re all familiar with Web 2.0, which not only feeds users with information from all sources but gives them the opportunity to create content as well. The only setback is that a centralized entity controls everything. But what if there were a decentralized protocol that offered digital media publications and content creators the ability to produce content and get paid based on their contributions? Introducing Access Protocol — a new model monetization layer for all digital content creators built on Solana and Starknet.

In the Access Protocol ecosystem, the model monetization layer is radically different. Users can support their favorite content creators directly and receive benefits for their patronage. By integrating Access Protocol, creators can paywall and customize premium content on the Access content hub, where subscribers (ACS token stakers) can pay directly to the creators to access this content without an intermediary.

What Problems Is Access Protocol Trying to Solve?

Access Protocol solves many problems, but at the top of the list is content creators' reliance on ad revenue. Since Google, Facebook and Twitter control most of the online ad market, many content creators struggle to monetize their content, particularly for those who don’t meet the threshold requirements set by the intermediary.

This protocol is intended to foster closer relationships between digital content creators and their supporters, who can support their favorite artists directly instead of having a majority of their money routed through a go-between platform such as Facebook, Twitch, YouTube or TikTok.

Access Protocol also aims to eliminate wait times for content creators to start monetizing their creations. Take YouTube, for example. A creator who posts their content on YouTube needs at least 1,000 subscribers, and their videos need to have been watched by public members for at least 4,000 hours, in order to qualify for monetization. For many up-and-coming YouTubers, this can be a daunting challenge.

However, content creators integrating the Access Protocol can begin monetizing their work immediately. They’re also listed on a leaderboard that allows users to find them more easily without relying on algorithms, social media advertising or word of mouth to add new subscribers.

The system also benefits the fans, who can directly support their favorite artists and ensure those content creators are rewarded for their hard work. Most Twitch streamers only receive about 50% of the subscription fees that users pay for their channel. 

How Are ACS Tokens Used in the Protocol’s Ecosystem?

Users stake their ACS tokens into a content creator's "pool," giving the user access to new content. Adding more tokens into the pool can enable premium content determined by the creator. A creator has the freedom to enable premium content to customize exclusive content that can range from NFTs to event passes, similar to the subscription tiers offered by platforms such as Patreon.

Once tokens are placed into the locked pool, both the users and creators receive a daily allotment of ACS tokens proportional to their input, which users can either reinvest for the same creator, put into a different creator's pool, or hold (HODL) for a store of value. 

The process is quite simple. First, users can go to Bybit to trade for ACS into a Solana wallet. Then, they can connect the wallet that contains the coins directly to the app and introduce them into the ecosystem. 

Finally, in the official AP app, users can scroll down to see the names of content creators. Next to the icon, users will see two numbers: the quantity of ACS coins already pledged to the creator, and the minimum number of coins that users must pledge to receive content.

What Are the Benefits of Staking ACS Coins?

There are many benefits to staking ACS Coins, including those that have already been discussed, such as the ability to support creators directly and creators receiving a greater percentage of the money their work generates.

After coins are introduced into a creator's pool, both the staker and the creator receive a daily bonus of ACS tokens. Creators take these as profits and can use them to support their fellow content producers, hold onto them, or trade them. As mentioned, ACS token holders can also reinvest their daily incentives to the same content producer or another creator in the ecosystem or retain them as investments.

Another benefit for stakers is that supporting creators on a single ecosystem allows them to see what day their accounts will be charged for the month, instead of having to check their individual accounts on Patreon, Twitch, Substack, etc. They can simply open their app and see all their subscriptions on a single list.

ACS coins have been distributed as follows: Fifty-eight percent to creator and staker incentives, 15% to the Community Treasury (which has the power to issue grants as a further incentive for creators to begin integrating AP), 10% to the Access Labs Treasury, 7.5% each to employees and investors, and 2% to early airdrops, which have already begun.

Unlike other similar cryptos, there is no upper limit to the number of ACS tokens that will be minted. Doing so would create an unnecessary cap on the amount of money that content creators could receive. It’s projected that in five years, the number of available tokens will exceed 142 billion.

To avoid diluting the coin's value, the 2% transaction fee charged by the AP system is burned, which means it’s removed from circulation and then placed into its own pool (which is destroyed). This, in turn, both reduces and helps regulate the number of ACS tokens in circulation.

On Feb 15, 2022, a few hours after its launch, ACS reached an all-time high of just over $0.025.

ACS' all-time low came a few hours after its debut, when many early adopters traded in their tokens. It reached a low of $0.0069. However, it immediately rebounded and reached its all-time high about five hours later.

It should be noted that investment in all cryptocurrencies, just as with the stock market or real estate, involves taking certain risks — and that no investment is ever guaranteed to turn a profit. However, as cryptocurrencies go, Access Protocol is considered an excellent investment opportunity because of its recent market debut and potential to skyrocket in price in the future.

However, even if the price takes a long time to take off, it’s still a good investment because users will receive the content 

 additional ACS coins. On other platforms, users receive the content — and nothing else.

Suppose the AP ecosystem is successful in accomplishing its mission. In that case, both content creators and their fans will receive many benefits, strengthening their relationship more than ever. Access Protocol users no longer need to worry about most of their money going to support billion-dollar platforms, and can enjoy the knowledge that they're directly helping out their favorite creators. Content creators will be able to monetize their craft more easily and develop a deeper connection with their fans. And that’s a win-win.

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Access Protocol (ACS Coin): A New Monetization Layer for Content Creators?

PIP is a web browser extension and a suite of payment products built on the Solana blockchain. Find out more about how it works in this article.

While crypto adoption is becoming more prevalent, not every web page in the world allows you to pay with cryptocurrency. Further, it can sometimes be daunting when it comes to paying with cryptocurrency, as you have to ensure that the crypto wallet address that you’ve input is accurate. Otherwise, you’ll no longer be able to get back your funds. Rather than going through this hassle, PIP has found a solution to enable global payments without limitations. 

 and Web 2.0 ecosystems, empowering creators and service owners to effortlessly transact value and unlock an additional revenue stream by integrating the PIP Button into their websites. This process is achieved without the need for third-party permission or incurring high intermediary fees, simplifying transactions for billions of people.

The project entered the limelight in February 2022 after it raised its 

 through multiple high-profile financial institutions. Investors included well-known names such as CMS Holdings LLC, Coinbase Ventures and Galaxy Digital Hong Kong.

Right after the launch, the project's co-founders, Umit Akcan and Hank Park, offered an overview of the project. The launch also included the initiation of the PIP token and its integration with various social platforms.

As of March 2023, the project has completed six stages of development. You can get more information on the future road map

PIP is a web3 payment solution with the mission to create a complete micropayment layer on the internet. The project aims to provide a seamless payment experience on the web to retail users and social media enthusiasts. Using the browser extension and a variety of innovative products, anyone can easily accept real-time payments across the entire internet.

By integrating web3 capabilities into commonly used social media platforms, PIP enables users to perform transactions such as buying and selling 

, and FIDA tips directly on platforms such as Twitter and Twitch.

According to PIP’s website, the project aims to break the unfair local economic systems and platform policies that bind people worldwide. The company's vision is to establish a global micropayment layer on the internet, where people can unleash their talents and abilities globally and receive rewards based on their achievements rather than their nationalities.

To use PIP, you need to install the PIP Extension to your browser (Chrome, Opera or Edge) and connect it to BNB Chain, Solana, 

 wallet. Another example would be the popular 

In the next step, create your own unique PIP tag. This tag represents your web3 ID and it is your unique wallet address. With it, you won’t have to bother with long strings of alphanumeric characters as your wallet address. 

Afterward, you can link social media accounts, such as Twitter, with PIP. Once connected, users can send and receive supported cryptocurrency using social platforms without the need for a crypto exchange or a bank account.

Focusing on payment service providers, the infrastructure makes it easier to send and receive cryptocurrency.

The following is an overview of PIP's main features.

, users can easily link their social media accounts, including Discord and Twitter, to their PIP accounts. Once your account is connected successfully, you’ll be able to send and accept payments from users who are registered on other social platforms.

As a fully-integrated suite of web3 payment products, it also lets users create payment groups, letting people split bills, pay for shared expenses and manage group finances without a bank account. The payment system uses blockchain technology to ensure that transactions are secure and transparent so that users can track their payments in real time.

If you want to send crypto payments to someone who isn’t a PIP user, don’t worry — you’ll still be able to send them crypto through the PIP escrow service, which holds the funds for 24 hours. Non-PIP users can then create their PIP account during those 24 hours and the funds will be released to them. If they do not do so, the funds will be returned to you.

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