Roam Launches Pilot Burning Pool for $ROAM Token Exchange

Thursday, January 23, 2025 12:00 AM
29,659
Roam Launches Pilot Burning Pool for $ROAM Token Exchange cover

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.

Related News

Altcoins Surge: Cardano, Bittensor, and BlockDAG Lead the Charge cover
a day ago
Altcoins Surge: Cardano, Bittensor, and BlockDAG Lead the Charge
This week, several altcoins are experiencing significant gains, with Cardano (ADA) and Bittensor (TAO) leading the charge. Cardano has surged approximately 27-30% and is now targeting a price of $1.62, following a breakout from a bearish trend. With its price currently around $0.74 and a market cap of $26.01 billion, ADA is closing in on Tron’s market position. Analysts are optimistic, projecting potential price milestones of $0.86, $1.62, and even $2.65, bolstered by a 16.65% increase in trading volume that reflects renewed investor interest. Bittensor (TAO) is also making headlines, having climbed above the $420-$435 range after breaking through the critical $400 resistance level. This represents a remarkable recovery from its June low of $220, nearly doubling its value. With a daily gain of 6% and an 80% increase in trading volume, TAO is showing strong bullish patterns, including a double bottom formation. Analysts are now eyeing resistance zones at $500-$520 and a longer-term target of $1,000, as long as TAO maintains its position above $415. Meanwhile, BlockDAG is quietly outperforming its competitors, driven by high-profile sports partnerships and a unique GLOBAL LAUNCH release offer. With backing from UFC champion Alex Pereira and partnerships with clubs like Inter Milan and the Seattle Orcas, BlockDAG is gaining cultural traction in the sports world. The recent fundraising of $341 million and a special offer price of $0.0016 for its coins until August 11 suggests a potential return of 3,025% based on its launch target. This positions BlockDAG as a formidable contender in the crypto market, potentially making it the biggest gainer of the week.
Volkswagen Partners with Hivemapper to Revolutionize Robotaxi Mapping with Blockchain cover
2 days ago
Volkswagen Partners with Hivemapper to Revolutionize Robotaxi Mapping with Blockchain
In a significant advancement for the integration of blockchain technology into real-world applications, Volkswagen's autonomous vehicle division, ADMT, has formed a partnership with Hivemapper, a startup based on the Solana blockchain. This collaboration aims to develop a cutting-edge mapping system for Volkswagen's upcoming Robotaxi fleet. By leveraging the Decentralized Physical Infrastructure Networks (DePIN), this blockchain-powered solution not only incentivizes contributors but also enhances the operational efficiency of autonomous vehicles. Hivemapper’s Bee Maps protocol allows a global community of users to collect real-time road data, fundamentally transforming data collection and usage for autonomous navigation systems. The partnership is particularly timely as Volkswagen prepares to test its Robotaxi Buzz AV unit in Hamburg, with plans to expand to Los Angeles by 2025. One of the primary challenges for autonomous vehicles is the need for high-quality, up-to-date maps, especially in urban environments. The DePIN framework ensures that the mapping data is consistently fresh and accurate, which is essential for the safe navigation of these vehicles. By utilizing blockchain technology, Volkswagen not only addresses the challenges of data reliability but also promotes community engagement through fair rewards for data contributors. As the commercial launch of the Robotaxi fleet approaches in 2026, the integration of DePIN technology signifies Volkswagen's commitment to mobility innovation. This partnership highlights a growing trend where traditional industries are increasingly adopting Web3 solutions for practical applications rather than mere speculation. The use of DePIN not only enhances mapping accuracy but also ensures data security and transparency, paving the way for further advancements in the management of physical infrastructure reliant on geospatial data.
Aethir and Credible Finance Launch First DePIN-Powered Credit Card cover
2 days ago
Aethir and Credible Finance Launch First DePIN-Powered Credit Card
Aethir, a decentralized GPU cloud network, has partnered with Credible Finance to launch what they claim is the first credit card and loan product powered by a decentralized physical infrastructure network (DePIN). This innovative move aims to provide Aethir's native ATH token holders and node operators with access to stablecoin credit without the need to liquidate their tokens. By blending on-chain infrastructure with real-world financial capital, this product allows eligible users to collateralize their ATH tokens to access a revolving credit line or preload a no-fee card with ATH or stablecoins on the Solana blockchain. The loan approval process utilizes Credible's AI-driven credit engine, which assesses a user's on-chain activity, asset holdings, and transaction history to determine credit limits. This initiative comes at a time when crypto borrowing has seen a significant decline, with decentralized lending platforms experiencing a $4.75 billion drop in open loans in the first quarter of 2025. The team highlights that this downturn emphasizes the limitations of overcollateralized lending models and the necessity for credit systems that accurately reflect real on-chain activity and infrastructure ownership. Shrikant Bhalerao, CEO of Credible Finance, stated that this is the first DePIN-native token being activated for real-time credit, effectively transforming tokenized infrastructure into usable financial capital. Initially, credit card access will be available to GPU providers, node operators, and token holders, with plans for future expansion. This launch represents a significant step towards integrating decentralized finance with tangible infrastructure, potentially reshaping the lending landscape in the crypto space.
Bittensor Surges Amid Bullish AI Market Sentiment cover
2 days ago
Bittensor Surges Amid Bullish AI Market Sentiment
Bittensor has recently experienced a significant price surge, climbing 34% over the past week and currently trading at $438. This uptick is attributed to a bullish sentiment in the artificial intelligence market, with buyers eager to capitalize on the momentum. As the price approaches a key trend line resistance, there is potential for a major breakout if the bulls can maintain their strength. Other AI-related cryptocurrencies, such as NEAR Protocol, Internet Computer, Render, and Artificial Superintelligence Alliance, have also seen gains, indicating a broader trend in the market. NEAR Protocol rose nearly 5% to $2.67, while Internet Computer increased by 3% to $5.52, benefiting from the launch of CaffeineAI's early access. The surge in interest for Bittensor is further highlighted by a spike in Google search trends, which have reached all-time highs, particularly in China where the interest signal strength is at a maximum. Analysts suggest that Bittensor could break above the $500 mark and target a range between $1,000 and $1,800, especially with the upcoming network boost that will facilitate swaps between SOL and TAO. This new bridge will allow users within the Solana ecosystem to exchange TAO and SOL seamlessly, enhancing liquidity and accessibility for traders. In addition to the technological advancements, the regulatory landscape is also playing a crucial role in shaping market sentiment. Investors are closely watching the developments in U.S. legislation regarding blockchain and cryptocurrency, as there is a growing push for clearer regulations. Former President Donald Trump has expressed ambitions for the U.S. to become the leading hub for cryptocurrency, which could further bolster investor confidence in the market. As decentralized AI continues to gain traction, the combination of technological innovation and regulatory clarity may lead to significant growth for tokens like Bittensor in the near future.
Helium Network Surpasses Ethereum in Daily Active Users Amid Growing Adoption cover
3 days ago
Helium Network Surpasses Ethereum in Daily Active Users Amid Growing Adoption
The Helium network has recently emerged as a significant player in the Decentralized Physical Infrastructure Networks (DePIN) sector, boasting a remarkable increase in daily active users (DAU). As of July 15, 2025, Helium recorded over 1.16 million DAUs, surpassing the combined DAUs of Ethereum, Toncoin, and Arbitrum. This surge in user engagement is attributed to Helium's innovative approach to providing wireless coverage through a network of user-owned Hotspots, which rewards participants with cryptocurrency. The DePIN market cap is currently around $19.2 billion, with Helium standing as the 9th largest network at a valuation of approximately $669 million. The growth of the Helium network has been further supported by its transition to the Solana ecosystem, allowing for seamless scalability and enhanced performance. With around 100,000 mobile hotspots in operation, Helium facilitates the transfer of 36.7 TB of data daily, primarily in the United States. This unique infrastructure not only addresses real-world connectivity issues but also fosters organic growth through community involvement, positioning Helium as a leading contender in the DePIN landscape. In terms of market performance, the price of HNT has gained bullish momentum, reflecting the overall recovery in the cryptocurrency market, particularly following Bitcoin's recent rally. Currently trading at approximately $2.96, HNT has seen a 32% increase in the past two weeks. Technical analysis suggests that HNT is on the verge of a macro bullish breakout, with potential targets reaching up to $4.3. As the Helium network continues to expand its user base and enhance its infrastructure, the outlook for HNT remains optimistic, making it a noteworthy project in the evolving blockchain space.
Revolutionizing Ride-Hailing with Soulbound Tokens cover
4 days ago
Revolutionizing Ride-Hailing with Soulbound Tokens
In the evolving landscape of ride-hailing, the introduction of Soulbound Tokens (SBTs) is set to revolutionize how mobility is perceived and valued. Traditionally, drivers' reputations are confined to ephemeral ratings and feedback systems controlled by platforms. SBTs, proposed by Ethereum's Vitalik Buterin, are non-transferable digital credentials that reside on the blockchain, representing a driver's identity, reputation, achievements, and trustworthiness. This innovation allows for a more permanent and verifiable record of a driver's history, ensuring that their accomplishments are not lost when they switch platforms or take breaks. For drivers, SBTs promise to log every completed ride on-chain, reflecting long-term reliability and building a verifiable trust score. This could open doors to accessing capital, insurance, or better job opportunities, fundamentally changing the way drivers interact with mobility platforms. By empowering drivers with ownership of their work history, SBTs create a self-sovereign identity that transcends the limitations of traditional ride-hailing apps, ensuring that their contributions are recognized and rewarded. Riders, too, stand to benefit from the implementation of SBTs. These tokens can reward loyalty with on-chain credentials, proving reliability for faster matching and enabling cross-platform benefits without compromising sensitive data. DRIFE is at the forefront of this movement, building an infrastructure layer for mobility identity that allows both drivers and riders to control their reputations. As SBTs are integrated into the DRIFE ecosystem, the focus shifts from mere ratings to a comprehensive mobility protocol, ensuring that everyone involved in urban mobility gains the recognition and sovereignty they deserve.
Signup for latest DePIN news and updates