
The Largest Liquidation in Crypto History: A Stress Test of Resilience from DeFi to CEX
Event Overview On October 11th, the crypto market experienced its largest liquidation event in history, with over $19 billion in positions liquidated. Bitcoin plummeted 15% within 20 minutes, while altcoins saw declines of 80% to 99%. Causes of the CrashGeopolitical events (China's restrictions on rare earth exports, Trump's tariff policies toward China) triggered market panic.Excessive leverage led to cascading liquidations, with vanishing liquidity exacerbating the vicious cycle.Skyrocketin...

Gemini Faces JPMorgan's "Financial Stranglehold 2.0," Founder Condemns Banking "Persecution"
Banking's War on Crypto?The feud between traditional finance and crypto platforms has reignited, this time pitting two U.S. industry giants against each other: banking titan JPMorgan Chase and veteran crypto exchange Gemini. On July 26 at 2 AM Beijing time, Gemini co-founder Tyler Winklevoss publicly accused JPMorgan of cutting off the exchange's access to critical banking data services as retaliation for his earlier criticisms—a move he called "anti-competitive sabotage" against fintech and ...

PUMP Leads the Rebound: What’s New in Solana Launchpad?
Amid the recovery of on-chain liquidity, several Solana Launchpad platforms have been actively rolling out new initiatives, intensifying market competition. Pump.fun has achieved a significant recovery through multiple strategies, including token buybacks, liquidity injections, and creator incentives. Its token PUMP has surged over 65% in the past month, while daily platform revenue soared to $1.575 million, with its market share rebounding to 81.2%. Additionally, Pump.fun launched the "Proje...

The Largest Liquidation in Crypto History: A Stress Test of Resilience from DeFi to CEX
Event Overview On October 11th, the crypto market experienced its largest liquidation event in history, with over $19 billion in positions liquidated. Bitcoin plummeted 15% within 20 minutes, while altcoins saw declines of 80% to 99%. Causes of the CrashGeopolitical events (China's restrictions on rare earth exports, Trump's tariff policies toward China) triggered market panic.Excessive leverage led to cascading liquidations, with vanishing liquidity exacerbating the vicious cycle.Skyrocketin...

Gemini Faces JPMorgan's "Financial Stranglehold 2.0," Founder Condemns Banking "Persecution"
Banking's War on Crypto?The feud between traditional finance and crypto platforms has reignited, this time pitting two U.S. industry giants against each other: banking titan JPMorgan Chase and veteran crypto exchange Gemini. On July 26 at 2 AM Beijing time, Gemini co-founder Tyler Winklevoss publicly accused JPMorgan of cutting off the exchange's access to critical banking data services as retaliation for his earlier criticisms—a move he called "anti-competitive sabotage" against fintech and ...

PUMP Leads the Rebound: What’s New in Solana Launchpad?
Amid the recovery of on-chain liquidity, several Solana Launchpad platforms have been actively rolling out new initiatives, intensifying market competition. Pump.fun has achieved a significant recovery through multiple strategies, including token buybacks, liquidity injections, and creator incentives. Its token PUMP has surged over 65% in the past month, while daily platform revenue soared to $1.575 million, with its market share rebounding to 81.2%. Additionally, Pump.fun launched the "Proje...
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Project Overview
Roam is a decentralized WiFi-sharing network within the DePIN (Decentralized Physical Infrastructure Network) track, aiming to establish a global WiFi roaming service. On January 14, 2025, Solana officially endorsed the project, highlighting its integration of over 1 million WiFi hotspots into the Solana ecosystem. As of January 15, 2025, Roam had reached a total of 1.21 million devices, making it the largest DePIN network globally.
Business Model
Earning Tokens by Sharing WiFi: Users can contribute their home WiFi to the Roam network for others to use and earn points, which can be exchanged for ROAM tokens.
Official WiFi Mining Devices: Roam offers two official mining devices—MAX30 ($199) and MAX60 ($499). MAX60 users receive higher point rewards (60 points per day + an additional 150 points for user connections). Despite the high price (about five times that of similar routers), users are still willing to purchase these devices due to the expected token rewards.
Token Economics and Airdrop
Token Allocation: The total supply of ROAM tokens is 1 billion, with 400 million released during the TGE (Token Generation Event). Of these, 280 million are allocated for market sales, 120 million for the team, and 20 million for airdrops to mining device users, NFT holders, and early miners.
Estimated Token Rewards: Referencing IOTX (with a market cap of $330 million) and Helium (with a market cap of $867 million), if ROAM's market cap aligns with IOTX, each token would be valued at approximately $0.825, making the total airdrop value around $16.5 million. Average users could receive about $7.8 in airdrops, while mining device purchasers might earn between $27 and $900, depending on the token market cap and mining duration.
Roam has become a star project in the DePIN sector, with rapid growth in user and device numbers. However, it still faces the challenge of retaining users in the long term. In the short term, the biggest winner has been the project itself, which has earned substantial hardware revenue by selling a large number of WiFi mining devices. Currently, Roam's TGE has been listed on 10 exchanges, demonstrating the project's strength and background.
With only $7 million in funding ($2 million in seed funding and $5 million in strategic financing), Roam has achieved coverage in over 140 countries worldwide. Its core model of "low-threshold router mining + token incentives" has enabled rapid expansion through the following strategies:
Low-Threshold Participation: Users can connect ordinary routers to the Roam network without complex settings.
Token Incentives: Users can earn points and token rewards by contributing WiFi or purchasing official mining devices.
Community Engagement: By offering free WiFi and eSIM data, Roam quickly builds a Web3 community.
Technological Innovation: Roam uses OpenRoaming technology to enable seamless global WiFi connectivity and blockchain technology to ensure user privacy.
Roam's success lies in its innovative business model and strong community support, which have enabled it to become the world's largest decentralized WiFi network in a short period of time.
Project Overview
Roam is a decentralized WiFi-sharing network within the DePIN (Decentralized Physical Infrastructure Network) track, aiming to establish a global WiFi roaming service. On January 14, 2025, Solana officially endorsed the project, highlighting its integration of over 1 million WiFi hotspots into the Solana ecosystem. As of January 15, 2025, Roam had reached a total of 1.21 million devices, making it the largest DePIN network globally.
Business Model
Earning Tokens by Sharing WiFi: Users can contribute their home WiFi to the Roam network for others to use and earn points, which can be exchanged for ROAM tokens.
Official WiFi Mining Devices: Roam offers two official mining devices—MAX30 ($199) and MAX60 ($499). MAX60 users receive higher point rewards (60 points per day + an additional 150 points for user connections). Despite the high price (about five times that of similar routers), users are still willing to purchase these devices due to the expected token rewards.
Token Economics and Airdrop
Token Allocation: The total supply of ROAM tokens is 1 billion, with 400 million released during the TGE (Token Generation Event). Of these, 280 million are allocated for market sales, 120 million for the team, and 20 million for airdrops to mining device users, NFT holders, and early miners.
Estimated Token Rewards: Referencing IOTX (with a market cap of $330 million) and Helium (with a market cap of $867 million), if ROAM's market cap aligns with IOTX, each token would be valued at approximately $0.825, making the total airdrop value around $16.5 million. Average users could receive about $7.8 in airdrops, while mining device purchasers might earn between $27 and $900, depending on the token market cap and mining duration.
Roam has become a star project in the DePIN sector, with rapid growth in user and device numbers. However, it still faces the challenge of retaining users in the long term. In the short term, the biggest winner has been the project itself, which has earned substantial hardware revenue by selling a large number of WiFi mining devices. Currently, Roam's TGE has been listed on 10 exchanges, demonstrating the project's strength and background.
With only $7 million in funding ($2 million in seed funding and $5 million in strategic financing), Roam has achieved coverage in over 140 countries worldwide. Its core model of "low-threshold router mining + token incentives" has enabled rapid expansion through the following strategies:
Low-Threshold Participation: Users can connect ordinary routers to the Roam network without complex settings.
Token Incentives: Users can earn points and token rewards by contributing WiFi or purchasing official mining devices.
Community Engagement: By offering free WiFi and eSIM data, Roam quickly builds a Web3 community.
Technological Innovation: Roam uses OpenRoaming technology to enable seamless global WiFi connectivity and blockchain technology to ensure user privacy.
Roam's success lies in its innovative business model and strong community support, which have enabled it to become the world's largest decentralized WiFi network in a short period of time.
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