The development of social networking platforms became the idea for the development of the PIP project. This project supports blockchain platforms that connect to social networks that already have millions of users worldwide.
PIP is a bridge-oriented development with the mission of connecting the real world with blockchain. In other words, PIP is representative of both Web 3.0 and Web 2.0 platforms.
At the initial stage, PIP will support Solana blockchain to connect to platforms such as Facebook, Twitter. The goal of the project is to help users on social networking platforms can use useful features on the blockchain (such as transactions) in the most seamless way.
Nowadays, anyone can monetize their creative content on platforms like Youtube, TikTok and Instagram. This contributes to the creation of a creative economy where everyone is free to create good and useful content.
Although, those social networking platforms provide a passive source of income for creators. But the problem is that these platforms all have their own payment systems and charge transaction fees of up to 60%. Besides, creators also don't have the ability to interact between Twitter, YouTube and Twitch.
PIP is a neutral platform that allows users to interact with social media platforms through crypto-related activities. The PIP project provides a platform with the following salient features:
Transactions of value on social platforms
The PIP platform creates a new economy that is crystallized from the information protocols (also known as the Internet) and financial protocols in the cryptocurrency market. This can simply be understood as PIP helping people send tips or pay remuneration to people they connect with on social networking sites.
Social network identity link
In the cryptocurrency market, investors will not know who is dealing with them. Besides, social networking platforms now allow users to publicly post their artworks. This leads to a situation where it is very easy for others to impersonate the creator, photograph the artwork and sell it as NFT.
The PIP project provides the feature of linking a user's crypto address to a social network identity. On the other hand, PIP allows artists to authenticate with their social media accounts and interact with their NFTs on those social media platforms. With these features, the PIP project hopes to help solve the problems mentioned above.
Allows users to monetize content creation
Anyone can use PIP to monetize content creation on today's popular social networking platforms.
Example : Authors of blog posts on Medium can use PIP to charge their readers. Users of Facebook, Twitter can also make money that way.
PIP Social pay
Users of the PIP project can send and receive money through social networking platforms, such as Twitter, Twitch, Facebook… PIP displays a payment button on the user's profile or post, giving the sender a You can easily pay with a simple click.
PIP Tag
The PIP Tag will be simplified to match the user's ability to remember it (e.g. [email protected] ) instead of a complex alphanumeric string of a crypto wallet address (e.g. TxTQLnLuYe...) . To do that, the PIP project will link the crypto wallet address to the PIP Tag.
Basically, users can post PIP Tag on any social networking site. PIP Tag will be featured on the post or description on the profile to make payment easier.
It's worth noting that the recipient doesn't have to sign up for a PIP account. That is, before making a transaction, the sender will notify the recipient via comment or message and the money will be sent to the smart contract until the recipient registers a PIP account. If the coin is not claimed within 24 hours, it will be returned to the sender.
Web 3.0 (coming soon)
PIP Bio : Similar to self-description on social networking sites like Twitter, Facebook. PIP Bio contains links of users' social media accounts. It has the function of authenticating the user's identity, helping them to interact with more trusted users.
PIP NFT : PIP users can display their digital art (NFT) works for other PIP users to admire. The PIP project also provides an NFT Marketplace for users to buy and sell their NFT works.
PIP Creator Token : PIP allows users to issue their own Social Token. PIP users can distribute their tokens through social media platforms and provide their own utilities attached to the token.
PIP Swap : PIP allows users to instantly swap tokens on social media platforms via DEX exchanges.
Example : While a user is using Twitter and finds a token worth the investment, they can swap it instantly without leaving Twitter.
More features (coming soon)
PIP Paywall : This feature allows users to impose fees on content on social networks. This means that when users will use PIP Paywall for social media posts, readers have to pay to see those content.
PIP Card : This is a utility that allows users to directly buy goods and services without converting fiat money to cryptocurrencies. This feature is designed for creators who are not crypto-savvy.
Development team
The project is built on the Solana platform and is part of the Solana ecosystem in the social field. Details about the development team are still updating. TraderH4 team will update as soon as there is an official announcement from the PIP project.
Investors
On January 17, 2022, the PIP project raised new capital from investment funds such as Alameda Research , CMS Holdings, Coinbase Ventures , Galaxy Digital Hong Kong and Genesis Block Ventures.
Partner
Currently the PIP project is still developing and expanding its partnership. The current partner of the PIP project is Bonfida.
Quarter 1 of 2022:
Second quarter of 2022:
PIP is the native token of the PIP platform with some basic information as follows:
The total supply of PIP tokens is 1,000,000,000 PIP, all minted at the same time and will be distributed to 4 main pools:
In which Community Treasury will be distributed to 5 groups:
The token allocation schedule will be fully shown in the figure below.
Reward Farming : Users can earn PIP tokens through different interactions, such as: Create new content, send and receive money with colleagues, interact in the community of PIP project to receive rewards. PIP tokens.
Governance : PIP is the governance token of PipDAO, which represents ownership for the PIP ecosystem. PIP holders are members of PipDAO and have ownership of the PIP ecosystem.
Staking Reward : Liquidity providers receive a reward of PIP tokens based on their percentage of the overall liquidity pool.
Currently, there is no information on which exchange the PIP project will list the token on. TraderH4 team will update after the official information of the PIP project.
The Internet and social networking platforms today have become an indispensable part of people's lives. The PIP project uses Web 3.0 technology that allows users to own information and cryptocurrencies. At the same time, it opens the door to the most decentralized cryptocurrency trading right on social media platforms through the PIP Swap feature.
PIP is also a seamless bridge between Web 2.0 and Web 3.0 platforms, allowing users to seamlessly interact between the two. In addition, the platform allows sending payments, buying and selling NFTs directly on Twitter or Twitch.
In the future, the development team will expand the operation of the PIP platform by integrating it into other social networking platforms, including: Reddit, Medium, Facebook, LinkedIn and YouTube. Besides, the project will add more functions to the PIP token, and also issue this token.
Overall, the PIP project has opened up an approach to blockchain technology right on familiar social networking platforms. At the same time, it gives users the opportunity to monetize their own creations.
Some official information channels of the project that investors can follow are:
Website | Twitter | Telegram | Discord | Medium
It can be said that the PIP project will bring users many useful features to help them easily interact between Web 2.0 and Web 3.0. However, from an investment perspective, readers need to research carefully to be able to make the right decision for themselves.
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