Roam Debuts Lunar New Year Pilot “Burning” Pools: Convert Roam Points to $ROAM Tokens Before TGE
The decentralized wireless network pioneer introduces an exclusive opportunity for users to engage with its ecosystem ahead of the Token Generation Event.
Roam Unveils Pilot “Burning” Pools for $ROAM Token Conversion
Vancouver, Canada, January 25th, 2025, Chainwire
Roam, a leader in decentralized wireless networks, has launched its Lunar New Year Pilot “Burning” Pools, allowing users to convert Roam Points into $ROAM tokens ahead of the Token Generation Event (TGE). Running from January 24th, 10:00 AM (UTC), until the TGE, this event offers users a hands-on experience with the burning process while celebrating the Lunar New Year.
Maximize $ROAM Rewards with the Burning Pools
The Pilot “Burning” Pools feature a beta function within the Roam App, enabling users to convert Roam Points into $ROAM tokens. Once converted, the corresponding Roam Points are permanently removed from circulation, with token allocations dynamically determined by participation within each cycle.
Each cycle lasts 1,000 seconds, and users can select between 10 and 1,000 cycles, locking their Roam Points for the chosen duration. The platform offers three distinct pools to cater to different types of users:
- General “Burning” Pool
Open to all Roam users, this pool allows participants to convert Roam Points earned through app-based activities such as completing quests. - Miner “Burning” Pool
Reserved for Roam miner owners, including Rainier MAX60, Baker MAX30, or MetaBlox OG devices. This pool enables the conversion of Roam Points earned from mining activities, miner registration, or WiFi Check-Ins. - Sticker “Burning” Pool
For users who collect stickers through WiFi node validation and Check-Ins. Higher rarity stickers translate to greater Roam Point values.
How $ROAM Tokens Are Calculated
Token distribution is based on the following formula:
(Total tokens released in this cycle ÷ Total Roam Points converted in this cycle) × Your Roam Points converted
Example:
- Cycle 1: User A converts 1,000 Roam Points, and User B converts 2,000, for a total of 3,000 points. With 30 $ROAM tokens available, User A receives 10 tokens, and User B receives 20.
- Cycle 2: User C adds 3,000 points to the pool, raising the total to 6,000. With the same 30 tokens available, User A receives 5 tokens, User B gets 10, and User C earns 15.
This proportional allocation emphasizes the importance of strategic timing and scale in maximizing rewards.
Strategies to Optimize $ROAM Token Conversion
Participants can enhance their outcomes by:
- Timing Contributions: Monitoring cycles for lower participation can improve conversion rates.
- Choosing the Right Cycles: Shorter cycles may offer quick adjustments, while longer cycles provide stability.
- Earning More Points: Engage in app-based activities or optimize miner usage to boost Roam Point accrual.
Key Details About the Pilot “Burning” Pools
- Minimum Points Requirement: Users must hold at least 500 Roam Points to participate.
- Lock-In Period: Points are locked for 48 hours (UTC-based).
- Irreversible Process: Once cycles begin, the process cannot be reversed.
- Token Distribution: Tokens will be distributed post-TGE.
About Roam
Roam is building a global, decentralized wireless network that delivers seamless, secure connectivity for devices and individuals. With over 1.5 million nodes across 200 countries and 2.5 million registered users, Roam is recognized as the fourth-largest DePIN project globally (as per Messari’s 2024 State of DePIN report).
By enabling activities like building and validating WiFi nodes, Roam offers free eSIM data, further driving adoption in the Decentralized Physical Infrastructure Networks (DePIN) space.
How to Participate in the Pilot “Burning” Pools
- Download the Roam App and create an account.
- Earn Roam Points through app activities or miner usage.
- Access the event page in the app and choose from the three pools.
- Select cycle durations, lock Roam Points, and monitor token allocation post-TGE.
Conclusion: A Transformative Event for Roam Users
The Pilot “Burning” Pools mark a significant step in Roam’s journey, offering users a unique opportunity to engage with its ecosystem while preparing for the highly anticipated Token Generation Event.
With features like dynamic token allocation, multiple participation options, and seamless app integration, Roam’s burning pools are setting the stage for broader adoption of decentralized wireless networks.
Join the Lunar New Year celebrations and secure your $ROAM tokens today!
Official Links:
- Website: Roam
- Twitter: @weRoamxyz
- Telegram: Join Now
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended as legal, tax, investment, or financial advice.
