Roam Launches Pilot Burning Pool for $ROAM Token Exchange
Thursday, January 23, 2025 12:00 AM
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On January 24th at 6 PM (UTC+8), Roam will officially launch its “Pilot Burning Pool,” allowing users to exchange $ROAM tokens by burning Roam Points. This initiative coincides with the Spring Festival and aims to familiarize users with the burning pool mechanism while maximizing the benefits of Roam Points. Users can contribute a minimum of 500 Roam Points and select a burning period. The burning pool features a dynamic conversion rate that varies based on the total burned points and the number of tokens generated during specific time frames, encouraging users to choose optimal burning timings for better returns. After the Token Generation Event (TGE), users can claim their generated $ROAM tokens in their personal Roam wallets.
The burning pools consist of three distinct categories: the General “Burning” Pool, which is open to all Roam users for a straightforward participation experience; the Miner “Burning” Pool, tailored for Roam router holders, offering a higher exclusive conversion rate; and the Sticker “Burning” Pool, specifically for Roam Sticker holders, where the burnable points are determined by the number and rarity of their Stickers. Notably, burned Roam Points will be permanently destroyed, while users can earn points through various activities such as adding WiFi nodes, checking in, and inviting friends. Additionally, miner users can enhance their points through mining activities and deploying routers.
Roam has seen significant growth, with over 2.5 million registered users across more than 200 countries and regions, and boasts over 1.5 million self-built WiFi nodes. According to the Messari 2024 DePIN report, Roam ranks among the top five DePIN projects globally, with over a million active nodes, maintaining its position as the leader in the DePINscan hardware node rankings. ChainCatcher advises readers to approach blockchain developments with a rational mindset, enhance their risk awareness, and exercise caution regarding virtual token issuances and speculative activities.
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