Welcome to the second edition of HAM๐ Chronicles!
A daily newsletter that covers the growing HAM ecosystem on Farcaster, where I track and investigate the most exciting and crazy Ham-centric stuff. Today's issue is a deep dive into the concept of Floaties ๐ฆ
Brace yourself Ham lovers, Itโs going to be a wild ride ๐ข
Floaties were introduced recently by the HAM team on Warpcast as part of the ongoing social tipping experiments. However, only a few folks understand what Floaties are, or even realize how much potential they hold. This piece is a venture deep down into the rabbit hole, analyzing its operation logic, and the opportunities they hold.
Simply put, Floaties are emojis that are backed by real money, and can be gifted as comments on social media posts. The receiver of the Floaty is paid within minutes. As the name implies, Floaties depict the idea of โfloating paymentsโ on social media platforms.
Floaties further expand the bandwidth of social tipping experiments that took off recently on Warpcast. The entire experiment is aimed at rewarding quality content on Warpcast. By dropping the Ham emoji as a comment on posts that you like, you reward the receiver (creator) in a big way โ this costs you nothing. Ham tips are backed by the social token $TN100x and have real value for those that receive them. You can earn an allocation of Ham tips by posting engaging content in the Ham channel on Warpcast.
Floaties act as tips within the Warpcast app. You can simply comment on a post within the app using the emoji representing your floaty and the tokens backing that floaty will be automatically sent to the recipient!
You can comment a single emoji or you can use a multiplier. Here are some examples:
๐ฆ = 100 $TN100x
๐ฆ๐ฆ๐ฆ๐ฆ = 400 $TN100x
๐ฆx4 = 400 $TN100x
While Floaties are currently in Beta, and are currently only supported on Warpcast, they actually create a fun and engaging way that makes it easy to send small amounts of currency to content creators and friends โall supported by crypto and blockchain. Floaties actually unlock a use case that has been widely speculated for a long time in Crypto โ Microtransactions!
If youโve been around the crypto industry for a while, youโd have heard of micropayments at some point. Microtransactions/micropayments have been talked about for years, particularly on how cryptocurrencies areย well suited for these kinds of payments.
What Are Micropayments? Micropayments are small transactions (can be less than a dollar or even a fraction of a cent) that is made online.
Step 1: Visit https://ham.fun/
Step 2: Click on the 'Connect Wallet' Button
Step 3: Select your preferred wallet choice
Step 4: Click on the 'Buy Floaties' Button
Step 5: Input the amount of Floaties you intend to purchase.
Voila! You're good to go!
Thatโs it for today. Thank you for reading today's edition of HAM๐ Chronicles Newsletter. I hope you found my insights helpful and informative.
See you tomorrow!
Tee๐ฉ๐งญ
HAM๐ Chronicles Issue 2 Today's issue is a deep dive into the concept of Floaties ๐ฉ๐ฆ This is your best bet to get started with Floaties! cc: @deployer https://paragraph.xyz/@ham-chronicles/issue-2
๐x10000
Thanks!
๐x1000 ham just getting started
Awesome.....these are great!!! ๐x500
I agree with you. ๐ x 1000
๐x300
awesome work really helpful ๐ x 250
Thanks! Glad it helped!
๐x100
good
I literally just asked @trapstarz.eth about floaties. Super helpful!
Cool. I've read and understand how floaties work. ๐x1800
Glad it helps!