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

December 31, 2023
in Web3
Reading Time: 3 mins read
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TL;DR

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

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

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

Full Story

If you have not but caught us yapping on in regards to 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 alternate for sending cellular alerts out into the world for Helium Cellular clients to make use of, the homeowners 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 clients that share their location knowledge with the cellular supplier (which provides them perception on the place they should add extra protection).

Excellent news/unhealthy information:

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

Which has elevated the inducement for folks to create faux accounts → serve ineffective location knowledge to the community → accumulate 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 alternate for his or her location knowledge, which ought to give the staff behind Helium sufficient time to weed out any suspicious habits.

Name us painful optimists, however…

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



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Tags: AintDishonestFarmingtokenWork
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