twitfi(TWT) Project Analysis
1. Institute Review
X To Earn model, this project CX is relatively strong, relying on twitter platform, players buy NFT, daily posting to get tokens #Twt, the focus is each post must be added before #TwitFi, the ability to spread no doubt, according to the economic model, need a lot of tokens to upgrade NFT.
2. Recent breakout point
X To Earn
3. Project Description
Simply tweet with #TwitFi to earn tokens. No special app required. You can tweet as usual from the Twitter app, a web 3 social networking service with GameFi functionality. TwitFi's NFT, which is a bird-based interactive NFT, allows players to Mint a pet egg for money or free during the Marketplace or Mint. Of course, different kinds of eggs hatch into different kinds of birds, and Baby-type birds cannot be sold in the secondary market. When you hatch an egg into a bird, the bird will have four types and five levels. Birds with different types and levels earn different tokens per tweet.
4. T2E Model
4-1. Promote to earn: Users earn TwitFi tokens (TWT) by holding Bird NFTs and tweeting about them. Once you tweet, you will receive TWT within 24 hours. 50% of the TWT earned from tweeting can be withdrawn at any time, and the other 50% is locked for one month.
4-2. NFT Types: When you hatch an egg into a bird, the bird will have four types, as well as five ranks. Birds with different types and levels will earn different tokens per tweet.
4-3. Feeding System: Each tweet consumes a feed, and once the feed is gone, you can't earn TWT by tweeting, and when the feed runs out, you can no longer earn tokens by posting tweets. Later, you have to wait for the feed to be restocked. The rate of feed restoration varies depending on the level of the bird.
4-4, NFT Level: Each NFT can have a maximum of 10 feeds, and players can accumulate up to 50 feeds by purchasing feed boxes. The level is the key to earning tokens. In addition to buying high level birds in the secondary market, players can upgrade their level by consuming earned tokens (TWT) (upgrading requires a maximum of 28,000 tokens), and there is a waiting period (maximum 10-day cooldown) before upgrading.
4-5. NFT Destruction: In order to further reduce the market pressure of TWTs and increase the game's vitality, a "virus" mechanism has been introduced in NFT. When you tweet, NFT has a certain probability of being infected with a virus. If NFT is infected, you will not get TWT for tweeting. the infection will be cured after 7 days. Or, you can buy drugs on the market to cure it immediately. The probability of infection depends on the number of NFT tweets (40% probability of infection for 1500 tweets).
5. Token economic model
1. Users earn TwitFi tokens (TWT) by holding Bird NFTs and tweeting about them. Once set up, simply send #TwitFi tweets from your public account.
2. Once you tweet, you will receive TWT within 24 hours. 50% of the TWT earned from tweets can be withdrawn at any time, and the other 50% is locked for 1 month. locked TWT can still be traded in twitfi, and when using TWT in TwitFi, priority is given to using the locked TWT.
3. Pickup method: tweet, exchange, and distribute tokens after 24 hours. If a tweet is deleted, subscription consumption will not be returned and no TWT will be earned.
4. twitfi withdrawal fee is 100TWT. 6.
6. Project Highlights
TwitFi is a social game with a clear target audience: frequent users of social media apps. twitFi is unique in that it allows players to earn real money by posting tweets on social media. This allows players to enjoy the interaction while also earning financial benefits. X To Earn model, this program has a stronger CX.
twitter: 22,200 people
8. Special economic model
Selling TWT on DEX will charge 4.5% commission on sales. 2.5% is destroyed and 2% is added to DEX liquidity by smart contracts.
9. Future Outlook
TwitFi is still in its early days, bridging the gap between Web2 and Web3 by way of tweets and NFTs, bringing new blood to Web3, and the game deserves recognition for its creativity and ideas. However, its moat has not yet been established, the model is easy to be copied, and it is debatable whether the game will be able to operate stably and continuously after its official release.
Project Description: Simply tweet using #TwitFi to earn tokens. No special app required. You can tweet from the Twitter app as usual. Use TwitFi to tweet on Twitter to earn in-game tokens that can be used in-game or cashed out for profit.
Full token name: TwitFi Token (TWT)
Token name: TWT
Project website: https://app.twitfi.com/
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!