Social Network, a brand new Bitcoin layer-2 staking community, is ready to launch on April 22 to handle considerations over Bitcoin’s power consumption.
Developed in collaboration with Earth Pockets, a self-custody platform for Bitcoin and Ethereum, Social Community seeks to reinforce Bitcoin transactions’ effectivity and cut back related power prices.
Not like conventional social networks, Social Community focuses on making a decentralized incentive system to advertise environmental engagement.
Supply: Social CommunityHow does Social Community work?
Customers can take part by participating in out of doors actions, particularly by visiting parks and interacting with the Earth Pockets app.
Sukhveer Sanghera, CEO and Core Contributor to Social Community, defined: “Basically, the best way you’ll be able to change into part of Social Community and this motion that we’re hoping to create is by going and touching grass. So, you’ll be able to obtain Earth Pockets as we speak, and it’ll route you to your closest park the place you’ll be able to catch a Regens character and you may change into part of this truthful launch.”
The app options an AR mode the place customers can seize region-specific NFT characters by tapping a “contact grass” button. These NFT characters, known as Regens, are distributed based mostly on components like inhabitants density and power consumption in numerous areas.
The venture has opened early entry to pick contributors and Bitcoin Regen holders, with plans to open it to the general public on April 14.
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