Oi Network is a Web3 gig platform for sustainable crypto earnings open to everyone. It is a mobile Web3 social task app targeting the need for social media content curation and influence crowdsourcing. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (MOM/USDT – Trade it here) on our Innovation Zone! Check it out now!
What Exactly is Oi Network?
Oi Network is a next-generation mobile Web3 social task application. It caters to the demand for social media content curation and influencer crowdsourcing. The platform enables users to engage in a variety of social tasks and earn sustainable crypto rewards, regardless of their level of experience or social following. Furthermore, it operates on the principles of Web3 technology. This allows for an open and transparent system that is accessible to all. With Oi Network, users can participate in a variety of gigs and tasks related to social media. This includes content creation, curation, sharing, and earning rewards in cryptocurrency. They hope to provide a sustainable platform for crypto earnings that is available to everyone.
How Does Oi Network Work?
Oi Network uses a Social-to-Earn model to provide a new experience for users. Furthermore, the Social-to-Earn model is a fusion of three modules: Content Creator, Networker, and Validator. Let’s take a closer look at how it works.
Content Creator
The module for Content Creators involves adding tasks to a Task Feed, which are ranked by the size of their bounty pool in descending order. Users have the option to contribute to the bounty pool to enhance the task’s ranking.
Networker
The Networker Module allows users to easily embark on their social media monetization journey through four simple steps: Connect, Stake, Social, and Earn. By connecting their Twitter account, users can evaluate their influence on Volume. Then, by staking MOM, users can mint their Volume into Proof of Influence SBTs.
Afterward, they can complete Twitter social tasks and earn in-app currency that is convertible into MOM. The Social-to-Earn model is designed to be a non-linear incentive system where users’ rewards are based on a range of factors such as Volume, staking, referral, and post engagement. This approach aims to reduce farming and Sybil attacks while promoting genuine interactions and longer screen time.
Validator
To prevent reward abuse and ensure the validity of interactions, Oi Network offers a Validator Module. Users can become validators of the Social Oracle by staking. Once a user completes a task, it is distributed as a validation task to 100 random validators for verification. The results and whether to send rewards are determined by a majority vote of 51%. Validators with the majority vote will share validation rewards, while consecutive minority votes will be considered malicious and subject to punishment. This extra assurance is necessary due to gaps between Web2 and Web3.
Tokenomics of MOM Tokens
Oi Network uses a single token called MOM (Magic Oi! Money). It simplifies the promotion and earning experience while concentrating the utility and value on the same token. All rewards are initially credited as XP, a non-crypto that can potentially be converted into MOM at a 1:1 ratio. MOM is not merely a reward token but also serves as the core governance vehicle to keep Oi Network functioning as a democratic and fraud-immune network. The Oi Network team is working hard to make MOM the flagship of the future decentralized social experience.
Where to buy MOM Token
You can find MOM Token here at MEXC! We are listing MOM/USDT in our Innovation Zone!
What is the Price of MOM Tokens?
MOM token is currently trading at $0.1693 on MEXC! You can check the live price of their token right here!
How to buy MOM Tokens on MEXC
You can buy MOM Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “MOM” using the search bar to see the available trading pairs. Take MOM/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of MOM you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy MOM] to confirm your order. You will find the purchased MOM in your Spot Wallet.
You can find a detailed guide on how to buy MOM Tokens here.
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