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Token Farming: It Ain’t Much, but it’s Dishonest Work

December 25, 2023
in Web3
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TL;DR

The Helium community pays $MOBILE tokens to prospects that share their location knowledge with the cell supplier (which supplies them perception on the place they should add extra protection).

$MOBILE is up over 1800% in simply the previous month; which has elevated the motivation for folks to create pretend accounts → serve ineffective location knowledge to the community → gather the tokens → run.

Now, new subscribers should wait eight days earlier than they will declare any $MOBILE tokens they’re set to obtain in change for his or her location knowledge, which ought to give the crew behind Helium sufficient time to weed out any suspicious habits.

Full Story

If you have not but caught us yapping on concerning the Helium Cellular community…

Image T-Cellular, or Verizon…

However as an alternative of utilizing cell towers to attach calls and ship knowledge, the community makes use of these little 5G routers that on a regular basis folks hook up with their house wifi networks.

In change for sending cell indicators out into the world for Helium Cellular prospects to make use of, the house owners of those routers get a lower of the community’s income.

…however that is not the one solution to earn crypto from Helium.

The community additionally pays $MOBILE tokens to prospects that share their location knowledge with the cell supplier (which supplies them perception on the place they should add extra protection).

Excellent news/dangerous information:

$MOBILE is up over 1800% in simply the previous month! (See above ☝️).

Which has elevated the motivation for folks to create pretend accounts → serve ineffective location knowledge to the community → gather the tokens → run.

As an answer:

New subscribers should now wait eight days earlier than they will declare any $MOBILE tokens they’re set to obtain in change for his or her location knowledge, which ought to give the crew behind Helium sufficient time to weed out any suspicious habits.

Name us painful optimists, however…

It is good to see rising pains inside the Web3 area once more, as an alternative of stagnation.



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Tags: AintDishonestFarmingtokenWork
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