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What is the magic of Match social matching mining that is so popular in TG?

BlockBeatsBlockBeats2024/09/25 06:00
By:BlockBeats

The price of RFG tokens has soared since its launch on DEX, with an increase of more than 740%.

Original source: Match


Some time ago, DOGS became one of the hottest projects in the crypto market. In addition, there is a Match project that has also received a lot of attention. Both have one thing in common, which is to use viral self-fission propagation by users to carry out airdrops to the whole people, quickly seize the market, and achieve good results.


Among them, the DOGS project token has been listed on more than ten top CEXs including Binance and OKX, which also makes the community's expectations for the Match platform Meme token RFG (Refugee) to be listed on the top trading platform to the maximum.


The market's expectations are reflected in the currency price. The latest data shows that the price of RFG has soared to over $0.00038 since it was launched on DEX on August 18, and the increase has exceeded 740% since its launch.


In fact, in addition to airdrops, Match has another biggest killer move - launching SMS social matching mining.


This new gameplay can attract more TG active users to expand the project traffic pool on the basis of the original national airdrop, and also introduce new increments to the entire crypto market, achieving long-term win-win for projects, users and the entire crypto industry. And this factor has also become an important criterion for the top CEX platforms to assess and list coins.


First, traffic is exhausted, and the top CEX is particularly fond of incremental projects


The crypto bear market is about to come to an end, and trading platforms can no longer sit still and begin to compete for a new round of increments.


As a star social product in the Web2.0 era, Telegram has accumulated a huge number of users and has become a must-fight place for CEX. Data shows that by the end of 2023, Telegram's global monthly active users will exceed 800 million, and more than 2.5 million new users will register for Telegram every day.


Therefore, whoever can import Telegram traffic will have the right to speak, and will also become the favorite of the top CEX. Match is one of the projects with the best performance.


(1) Match stands at the forefront of traffic


The previous Tap to Earn game NOTCOIN became the first TG project to be listed on Binance because it mastered the TG traffic password. The recent Meme project DOGS relied on the national airdrop - users can receive different numbers of tokens according to the registration time of the TG account, so that the number of registered users on the platform exceeded 50 million in just one month, which is why dozens of platforms including Binance, OKX and Bybit are rushing to list it today.


Similarly, Match focuses on traffic precipitation and is about to expand tens of millions of users to achieve large-scale breakthroughs and become the new king of DOGS.


Briefly introduce Match, which is an innovative platform dedicated to breaking the barriers of value social interaction. Based on AI and big data, it establishes an efficient value social network through the wealth effect of Meme coins. The project is based on an extensible social graph to solve the problem of accurate matching between users and projects and realize the combination of social interaction and wealth. Match social platform community Meme coin RFG (Refugee), translated into Chinese as "refugee". In order to increase community participation, Match has previously airdropped more than 1 billion RFG tokens to the community.


In addition, Match has also creatively proposed a new way of playing social matching mining. Users can invite other TG users to jointly pledge NFT mining to obtain higher RFG token rewards. This approach can not only stimulate viral self-fission of users, help projects gain huge traffic, build consensus in the community, but also achieve long-term win-win results for projects and users.


With both approaches, it is foreseeable that Match is very likely to replicate or even surpass DOGS, bringing tens of millions or even hundreds of millions of TG users into the ecosystem, and introducing more incremental value to the entire crypto market.


(2) RFG has more room for imagination than DOGS, and is expected to soar


In fact, as a meme coin, RFG is fairer and has more long-term value than DOGS, and has greater room for value growth. After DOGS was launched on major platforms such as Binance, the probability of RFG being launched soared, and some crypto communities are promoting it crazily.


From the perspective of fairness, 81.5% of the DOGS tokens are owned by the community (not locked), 8.5% are reserved for CEX and DEX liquidity and listing-related activities, and the remaining 10% are allocated to the team and future development.


RFG is a completely fair launch, with no reservations from the project party and no private placement, so there is no need to worry about the project party and big investors dumping the market. RFG has a total issuance of 100 billion, 30% for liquidity provision, 10% for airdrops, and 60% for user community mining and other business outputs. In this regard, RFG is absolutely fair, after all, all participants are on the same starting line.


Secondly, RFG has a low market value in the startup phase, with an initial fully diluted market value (FDV) of $4.5 million, a current circulating market value of only $500,000, and a current FDV of $35 million. Compared with DOGS, which is valued at hundreds of millions of dollars, RFG is undoubtedly still in a value trough and has great room for growth. Moreover, RFG has a small initial circulation volume and low selling pressure, while DOGS has an initial circulation volume of 90%, with greater pressure and less room for growth in the later period. For users, the earlier they participate in RFG, the more profits they can make.


More importantly, Match has set up more usage scenarios for RFG, which can further reduce market circulation and selling pressure, and drive up prices. Specifically, players can use RFG to pledge a single coin to obtain an annualized return of 18% to 65%; in addition, RFG can also be used for Boost APY additions in Token Staking - the more RFG is pledged, the higher the NFT mining efficiency you can enjoy. By reducing the market circulation, the supply is less than the demand, which further drives the price of the currency up.


From this point of view, RFG has surpassed a number of Meme projects such as DOGS. After all, DOGS is only absorbing traffic in the early stage, and there is currently no application scenario for the token DOGS (such as interest-bearing scenarios), lacking core value support; once the airdrop is received, the number of active users of DOGS will drop to the freezing point, while Match will not have this situation. RFG's move just avoids these problems, eliminates the resistance to rising prices and selling pressure, and reshapes the Meme ecosystem.


Therefore, in the long run, trading platforms will prefer Match because it can continue to bring a steady stream of incremental users to the crypto platform. The community's expectation that Match will be listed on the top trading platform in the future is not without purpose.


In addition, the third round of NFT auctions will start on September 25, and platform users will have more opportunities. The annual yield of NFT staking currently remains at an astonishing 880%, attracting a large number of investors. So far, 7458 people have participated in the previous NFT auctions, and each user can only participate in two sessions at most. The number of users on the Match platform continues to grow, now exceeding 153,830, fully demonstrating its market appeal and wide acceptance.


The third round of auctions will be held on September 25, 2024, from 10:00 am to 22:00 pm (UTC+8). For more details, please visit the official auction link.


Second, why is SMS social matching mining so popular?


RFG is expected to soar in the future, with a hundred-fold or thousand-fold growth space, but there is a problem: How to get more RFG tokens?


RFG's output mainly includes RFG single-currency pledge mining, liquidity mining, and Match NFT pledge mining; NFT pledge is the only way for users to obtain RFG in large quantities. All RFGs are locked in smart contracts, and will only be released when the corresponding rules or logic are met in the business scenario.


What is Match NFT? Simply put, NFT is one of the dual-asset models of the Match platform (the other is the RFG token), and it is also an important tool to guide users to participate in social activities. The total number of NFTs is 45,000. Considering fairness, 90% of them will be sold through Match's original decentralized English auction, which is completely random and blind, and will be sold according to the bid amount.


After users obtain NFTs at the auction, they can stake and mine to produce RFG tokens. There are two ways: single-person NFT staking mining and social matching joint staking mining (Social Match Staking, SMS for short). Below, we will introduce the two staking mining methods in detail.


(1) Single-person NFT staking mining


Match NFT has three types, representing different mining weights, numbered α, β, and γ, with mining weights of 1.1 times, 1.2 times, and 1.3 times respectively. Among them, γ has the highest mining weight, so its value is relatively higher. In addition, Match sets up three types of NFT pledge pools: single NFT pool, double NFT pool and triple NFT pool, and the mining efficiency increases with the number of combinations.


To summarize briefly: Different types of NFTs have different mining efficiencies; the more NFT combinations there are, the higher the mining efficiency.


There is a lot of room for operation here. For example, if player Xiao Wang has several different types of NFTs, he can match his own combinations for pledge mining to maximize his profits.


(Single-player NFT staking mining)


However, what should Xiao Wang do if he only has a lowest-level α-type NFT? First, Xiao Wang can stake a single NFT, but the income he gets is the lowest; second, Xiao Wang can also team up with another friend to enter the double NFT pool; third, Xiao Wang can continue to expand his circle of friends and find a third person to enter the three-NFT pool. Every time he expands his circle of friends, Xiao Wang's NFT staking mining income can increase. This is also the original intention of Match to launch social matching mining, which is committed to enabling all players to connect through social networks, maximize capital utilization efficiency, and amplify wealth value.


(2) SMS social matching joint staking mining


Match NFT social matching mining (Social Match Staking, referred to as SMS) is an innovative mining model. Participants can obtain higher RFG token rewards by staking different types of Match NFTs with other users, and establish social links with other users to enhance community participation.


The specific operation process of SMS staking is as follows:


(1) Random matching, directional matching search for people who meet the requirements to add friends to form a team, Match platform square and randomly popped bubbles (holding complementary NFTs), add friend applications, and wait for the other party to agree to become friends. The two parties who become friends negotiate the staking pool and the NFTs they have each issued, and generate a matching code (Note: only the inviter can generate a matching code); after the matching code is generated, you can directly copy the matching code to go to Social Match for NFT staking mining. As shown below:



During the staking process, one party enters the matching code to complete the staking first, and then enters the single NFT pool first; wait for teammates to enter the multi-NFT staking pool to ensure that the user's NFT fund utilization rate is not less than 100%; if teammates do not enter, they can directly cancel the staking and match again.


(2) Targeted matching, players can click the "Targeted Recommendation" button to filter players holding corresponding NFTs according to conditions and apply to add friends;


(3) Accurate matching, players can click the "Search" button and enter the other party's address or nickname to accurately find friends and participate in NFT staking mining together. As shown below:



(4) Directly purchase the required NFTs in the NFT market to form a team and conduct joint staking mining.


If you do not want to continue joint staking mining, you can also flexibly exit. Users can cancel social matching mining by applying for unstaking or forced unstaking. Applying for unstaking requires paying 5% of the income as a fine, which will be divided equally among other teammates; for forced unstaking, it is necessary to pay 10% of the income as a fine and divide it equally among teammates to ensure the interests of other users.


In addition, whether it is single-player NFT staking mining or social matching joint mining, you can get bonuses by staking RFG on the "Token Staking" page. The more RFG is pledged, the higher the Boost coefficient generated by NFT pledge (up to 2 times), and the more RFG is generated.


III. Conclusion


Match not only improves the user's return on investment through SMS, but also enhances the actual value and function of NFT.


Match NFT is the only golden shovel produced by RFG in the early stage. The high yield rate reversely drives the NFT auction and secondary market prices to continue to rise. Different NFTs have different mining efficiencies, which boosts users' demand for NFTs with higher mining efficiency and promotes the popularity of NFT auctions and secondary markets.


In addition, SMS also empowers social relationships and effectively derives diverse social scenarios.


By participating in social matching mining and establishing valuable social links, users can accumulate effective Web3.0 personal connections. At the same time, they can also accumulate personal on-chain behavior data and create a more three-dimensional DID to obtain potential airdrop rewards from other projects in the future.


Match NFT social matching mining builds a bridge for strangers to socialize, giving rise to viral self-fission of users, helping projects to gain huge traffic, and building consensus in the community, thereby achieving long-term win-win results for projects and users.


In this way, Match NFT can precipitate a large amount of social traffic in social relationships, further sort out on-chain identities and build practical application scenarios. By combining Meme coins with social scenarios, Match can not only attract and retain more users, but also stimulate users to actively interact on the platform. This interaction is not limited to simple social interaction, but also includes staking, trading and other finance-related activities, thus forming a closed-loop ecosystem.


This article is from a contribution and does not represent the views of BlockBeats


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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