Author: Deep Tide TechFlow

As LayerZero launched its coin amidst a wave of criticism, the highly anticipated project airdrop wave has temporarily come to an end. The insider trading of Zksync and the witch hunt operation of LayerZero have dampened the spirits of players, with some veteran players bluntly stating that the golden age of making easy money has passed.

But as long as the market exists, new projects will always bring continuous opportunities.

The era of the "Four Heavenly Kings" may have ended, but there are still new players in the game—Monad, Bearchain, and Farcaster.

All three of them have recently disclosed huge financing and offer plenty of opportunities. Recently, there have been rumors that Farcaster may launch its own coin, which greatly increases the importance of interacting with Farcaster, making it a must-invest project. Monad and Bearchain interaction tutorials have been previously published by Tech Flow. Today, the author will guide you through the interaction with the social sector potential stock Farcaster, which announced huge financing last month.

Financing Background

Farcaster's financing background is also very strong. In May, Farcaster announced a Series A financing round with a valuation of $1 billion and completed a $150 million financing round, led by Paradigm, with participation from a16z crypto, Haun Ventures, Union Square Ventures, Variant Fund, Standard Crypto, and other institutions.

Participation Method

Farcaster itself is a foundational protocol, and Warpcast is the application layer created by the Farcaster team, which is currently the most popular application within the ecosystem. The main way to interact this time is to register and use Warpcast.

Register for Warpcast

Currently, Warpcast can only be downloaded from the Farcaster official website or the mobile app store, and then registered through the mobile app.

To register for Warpcast, you need to pay $5 (surprisingly, currently only fiat payment is accepted, which is not very decentralized).

Before making the payment for registration, the system will assign a new set of mnemonic words to you as the interaction address for Warpcast, which is similar to FriendTech.

After registration, you can scan the QR code on the web page using your mobile phone for convenient interaction.

*If you have a Level 2 Phaver account, you can directly claim a free Farcaster account through the Phaver ecosystem.

Associate with commonly used active Base addresses

Warpcast can be associated with commonly used active wallet addresses, separate from the wallet address provided by Warpcast.

This is done to ensure that commonly active wallets also have the right to receive airdrops related to Warpcast. For example, @Spectral_Labs previously distributed airdrops to active Warpcast users. If you associate commonly used wallets in advance, both addresses may have the opportunity to qualify for airdrops.

You can use the associated Base wallet and Warpcast-bound wallet to experience Farcaster Index, and trade meme coins within the Farcaster ecosystem, such as the popular $Degen and $Nouns.

Additionally, you can consider purchasing Farcaster OG NFTs, currently priced at a floor price of 2.3 E, with a total quantity not exceeding one thousand (optional, depending on your financial situation).

Platform Interaction

Posting, commenting, and liking

Based on the airdrop standards of @Spectral_Labs, Warpcast users need to have 10 followers, 10 posted records, and 10 likes. It can be seen that this is a screening standard for active users.

It is important to note that by default, the posting mechanism of Warpcast only pushes posts to followers. If you are a new user without followers, it is difficult to gain exposure through posting.

To increase the exposure of your posts, you can choose to post in popular community channels, such as /crypto, /build, /base, and the previously heavily airdropped /degen, which can be accessed through a simple search.

At the same time, actively commenting and liking other users' posts is the fastest way to attract followers.

Experience the Frame Function

Frame is the interaction module of Warpcast. Users can achieve various on-chain interaction functions within the client, such as voting, minting NFTs, mini-games, and receiving airdrops, all through the Frame module.

The current experience of using Frame is slightly laggy, but it does not affect the normal interaction experience. It is recommended to create a Frame to increase the potential airdrop weight.

If you don't know which community or Frame is popular, you can check the current popular trends on Farcaster through Dune's Farcaster data dashboard.

Purchase and Use the Ecosystem Currency $Warps (This step requires spending money)

$Warps is the built-in currency of the Warpcast application. The good news is that it can be purchased with cryptocurrency. $5 can buy 500 $Warps.

You can also earn $Warps rewards by inviting others to join Farcaster.

$Warps can be used for:

• Creating your own channel (2500 $Warps = $25)

• Rewarding other posters

• Connecting your Warpcast account to other applications within the Farcaster ecosystem

• Posting in channels that require payment

• Minting NFTs

Creating and managing your own channel may increase the future airdrop weight of Farcaster. Capable readers can mint their own channel.

It is important to note that $Warps are not on-chain, they are only centralized tokens within the platform, and the Warpcast official also recommends actively spending $Warps instead of blindly hoarding them.

Obtain the Power Badge Identity

The Power Badge is a certification symbol awarded by Warpcast to highly active and genuine users. This identity is not permanent, and users with the Power Badge identity may receive higher airdrop weights.

The conditions for obtaining the Power Badge listed by the project are:

• User activity judgment, using Warpcast multiple times per week.

• Whether the post is welcomed by other Power Badge users, based on comments, shares, and likes from Power Badge users.

• Whether the post is considered junk content by other Power Badge users.

From the conditions for obtaining the Power Badge provided by the project, it is clear that the purpose of providing the Power Badge identity is to encourage genuine users to use Warpcast to post and actively participate in community interactions, and to be a genuine player.

Summary

The current interaction strategy of Farcaster requires a certain cost, and the actual investment is not capped. To avoid an imbalance between input and output, it is recommended to carefully create a small number of high-quality accounts and participate in the project ecosystem. After all, there is a trend of common integration in on-chain social protocols, and Farcaster and several other social protocols are doing well, so it may be worth considering linking the Warpcast account (i.e., the Farcaster account) to other social protocol applications (such as Phaver in the Lens ecosystem) to potentially gain unexpected benefits.

Related Links:

• User data https://farcaster.network

• Farcaster Meme dashboard https://farcaster.in

• Farcaster ecosystem search engine https://alertcaster.xyz/preview

• Popular users https://fc.hot100.xyz

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