Web3 Tokyo 2023

We welcome our community to embark on the first wave of our learning challenges across the HAQQ Network and our partner platforms. Islamic Coin is centered on constant improvement, intertwining advanced tech and Islamic finance principles.

From its inception in 2022, we have aimed to fulfill our promise of sustainability, security, and adherence to Islamic financial norms. Our network's successful transition to a Proof of Stake consensus mechanism marks a major milestone toward these goals. Let's continue this voyage together.

## What is the **HAQQ Expedition?**

This is a journey for users to explore the boundless potential of a Shariah-compliant blockchain network. The expedition includes challenges and opportunities to delve into the HAQQ ecosystem, earn points, and learn about our initiatives.

## **Why Join the Expedition?**

The HAQQ Expedition is primarily about expanding the adoption and community of our network. This is a chance for the broader Web3 community to participate in the initiative of promoting ethical finance. Creating a more ethical and sustainable financial ecosystem is a collective effort.

## **Expedition Structure:**

The Islamic Coin team will alternate between weeks of on-chain and off-chain activities, introducing challenges over the next few months on platforms like Galxe and Guild.xyz.

## **Why Participate?**

The HAQQ Expedition is an opportunity to dive into ethical finance within the blockchain. Participants can engage in various "waves" or stages, undertake tasks, earn points, and strengthen their standing in the HAQQ community.

Your efforts significantly contribute to the growth of the HAQQ ecosystem and ethical finance in the blockchain space. You can also earn an opportunity to become an ambassador of Islamic Coin and gain roles that will give you extra perks and exclusive Guild PinS.

*Stay tuned for more details on the campaign and rewards.*

## Islamic Coin & HAQQ Expedition Check-list:

🟢 Keep watching Islamic Coin channels, and don’t miss the challenges of the expedition 🔰

To give you an idea, here are some examples that will be qualified and contribute to the overall score:

**[Download and Сreate HAQQ Wallet](https://haqq.network/wallet)**

**Off-Chain Activities:**

1. **Social Media Engagement:**

    - Follow Islamic Coin and HAQQ on **[Twitter](https://twitter.com/Islamic_Coin/)**, **[Discord](https://discord.com/invite/islamiccoin)**, **[Telegram Channel](https://t.me/islamic_coin)**, **[Telegram Group Chat](https://t.me/islamiccoin_int)**, **[Instagram](https://www.instagram.com/islamic.coin/)**, **[Galxe](https://galxe.com/IslamicCoin/)**, **[Medium](https://blog.islamiccoin.net/)**, and **[YouTube](https://www.youtube.com/@IslamicCoin)**.
    - Like and retweet all our Twitter posts, react to all our Medium articles, and like our Instagram posts.
    - Maintain weekly engagement on Discord/Telegram with at least 50 meaningful messages (Spamming will not be tolerated).

2. **Participation in Activities:**

    - Join in weekly activities on the Islamic Coin **[Telegram group chat](https://t.me/islamiccoin_int)** and **[Discord](https://discord.com/invite/islamiccoin)**.
    - Take part in Islamic Coin activities on Galxe and Guild.

3. **Ambassadorship and Loyalty:**

    - Strive to become an Ambassador of Islamic Coin.
    - Join the ranks of the Islamic Coin Maxi: Add ‘$ISLM Maxi’ to your Twitter bio and (💚,🌙) to your Twitter name.

4. **OATs and Guild Membership:**

    - Accumulate and hold as many Islamic Coin OATs on Galxe as possible.
    - Join the Islamic Coin Guild on **[Guild.xyz](https://guild.xyz/islamic-coin)**.

5. **Additional Resources:**

    - Mint our articles on **[mirror.xyz](https://mirror.xyz/0xAfFea3c0C4BFE3b055776Aa0ae36Ee283dCf4e7a)**.

[TestEdge2] **On-Chain Activities:**

- **Tokens and Transactions:**
    - Claim your share of TestEdge2 $ISLM tokens using our faucets in **[Discord](https://discord.gg/islamiccoin)** and **[Telegram](https://t.me/haqq_faucet)**.
    - Perform more than 10 transactions on the Testnet.
    - Stake any amount of $ISLM.
- **Network Participation:**
    - Consider becoming a Validator of the HAQQ Network.
    - Participate in voting on governance proposals.

[Mainnet] **On-Chain Activities:**

- **Tokens and Transactions:**
    - Claim your mainnet ISLM using our faucets in **[Discord](https://discord.gg/islamiccoin)** and **[Telegram](https://t.me/haqq_faucet)**.
    - Perform more than 10 transactions on the Mainnet.

Learn more about **[Islamic Coin](https://islamiccoin.net/about)**

Islamic Coin is a native currency of Haqq, a community-run network dedicated to empowering an ethics-first Shariah-compliant financial ecosystem.

[Website](https://islamiccoin.net/) | [Discord](https://discord.gg/islamiccoin) | [Telegram](https://t.me/islamic_coin) | [Twitter](https://twitter.com/Islamic_coin) | [Youtube](https://www.youtube.com/channel/UCTjvOCTDeO9H67y_6btF1NA) | [Link3](https://link3.to/islamic_coin)

We welcome our community to embark on the first wave of our learning challenges across the HAQQ Network and our partner platforms. Islamic Coin is centered on constant improvement, intertwining advanced tech and Islamic finance principles. From its inception in 2022, we have aimed to fulfill our pr

The HAQQ Expedition: Join the Voyage through Ethical Finance with Islamic Coin

Welcome to the [CyberWallet Beta Launch Program](http://wallet.cyber.co/rewards).

Over the past two years, the team behind CyberWallet has been at the forefront of building and growing consumer crypto infrastructure and applications. During this time, over 50 teams have built web3 applications utilizing the CyberConnect social network protocol and have cumulatively registered 1.2M+ users, creating 1.9M+ units of social content and 6M+ connections.

On this journey of bringing web3 to the world, we encountered that user onboarding presented a critical bottleneck in building robust, scalable crypto consumer products. For that reason, [in August](https://link3.to/cyberconnect/post/2e0c673ccbc2e07af0f17ebbf54fe5db23322626fc5e2ef1ea6ab4d91c61ba1d) we introduced CyberWallet, an ERC-4337 smart account. We’re grateful for the support of our community and the entire web3 fraternity, for giving us critical feedback to improve on that first version of CyberWallet. In the past 3 months, we deployed over [650,000 smart accounts](https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account) on Optimism, Arbitrum, Polygon, and Base among other top blockchain networks. That accounts for over 40% of all the smart accounts across all blockchains.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/f26e74df13df1ac9)

Today, we’re thrilled to officially launch the [CyberWallet Beta Launch Program](https://wallet.cyber.co/rewards) to welcome our community to help us test and improve several new features as they are rolled out widely and publicly in the coming months. The key highlight of this program is [CyberApps](http://wallet.cyber.co/apps), a digital marketplace of premier web3 apps that are ready to use with account abstraction. Starting today, until **Dec 21, 2023**, whitelisted users for the CyberConnect Community Rewards: Season 2 [Early Access] will be able to use CyberApps within your CyberWallet web app and earn points that will be redeemable for CYBER token rewards at the end of the season.

### CyberWallet: What’s New?

- **SmartGas**
![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/341813d786005ae7)
Make your crypto transactions a breeze with SmartGas on CyberWallet. No more swapping or bridging for gas fee payments. Pay for gas in the token of your choice, across blockchains.

- **CyberID: One Identity across Blockchains**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/58d33903ec2b2c02)

Each CyberID is an ERC-721 NFT carrying a unique handle owned and operated by a CyberAccount, representing that account's social identity. It is a user-friendly alias for your blockchain addresses, offering a seamless experience across multiple chains.

- **CyberApps**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/41dedaba44bd121e)

CyberApps is a digital marketplace of premier web3 apps readily integrated with CyberWallet. It is a place for web3 developers and users to distribute and discover top decentralized applications. Anyone from beginners just starting their crypto and NFT journey to experts in token swapping, staking, and bridging can use CyberWallet and find their favorite applications in CyberApps. The first group of apps includes [DODO](https://app.dodoex.io/?network=mainnet), [Element Marketplace](https://element.market/ethereum), [Philand](https://philand.xyz/), [BasePaint](https://basepaint.xyz/), [MyShell](https://myshell.ai/), [PancakeSwap](https://pancakeswap.finance/), [Polynomial Finance](https://www.polynomial.fi/), and [Gabby World](https://www.gabby.world/). We will continue introducing new apps in the ecosystem as our partners complete integrating with us.

- **Swap**
![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/9a437a0923317380)
CyberWallet now supports native token swapping! Currently utilizing [LI.FI](http://LI.FI)’s swap protocol, CyberWallet offers a new, seamless token-swapping experience. In the future, we will expand user choices to become a super aggregator of swap aggregators.

### **CyberConnect Community Rewards: Season 2 [Early Access]**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/40aff01c7a24e5bc)Building in web3 requires long-term commitment and dedication. The only thing that keeps us going, is the unwavering support of our community members, who have stuck with us through the highs and lows of the last two years. Not only that but building in web3 offers a unique opportunity for a community to come together and help build and grow a product that is meaningful and leaves a positive impact on the world. For those contributions, community members are rewarded - both for being early adopters and acting as brand ambassadors of those products. Today, as the incentive layer for the CyberWallet Beta Launch Program, we’re thrilled to announce the beginning of Community Rewards: Season 2 [Early Access].

Here are the specific guidelines👇🏼

✦ **Check your eligibility [here](https://wallet.cyber.co/rewards).**

**✧** Only those who applied for Season 2 [Early Access] program using [this form](https://cyberconnect.deform.cc/communityrewards/)

OR

**✧** Whitelisted by one of the launch partners (DODO, Element Marketplace, Philand, BasePaint, MyShell, PancakeSwap, Polynomial Finance, Gabby World, and Polyhedra Network).

✦ **Timeline**

**✧** CyberWallet Beta Launch Program will run from today until 21, 2023.

✦ **Tasks**

**✧** Whitelisted users will have several tasks (general and CyberApp-specific) which will be rewarded with Season 2 [Early Access] Points upon completion. Each task has different points and rewards.

✦ **Rewards**

**✧** Users with Season 2 [Early Access] Points will earn CYBER tokens from a reward pool of 25,000 CYBER for beta testing CyberWallet and its slate of new features, specifically CyberApps.

✦ **Rules**

✧ Your Season 2 CYBER reward will be calculated using the formula (Your Season 2 [Early Access] Points/ Total Season 2 [Early Access] Points Earned by all Users) x 20K CYBER. Meaning the more points you earn, the higher your reward.

✧ 5K CYBER will be used to sponsor 1 transaction per user per day as part of a promotion to incentivize user testing and activity.

We look forward to users trying out all the new features we’ve been designing at CyberWallet and receiving your feedback. With CyberWallet, we’re on a mission to bring web3 to the world. With this beta launch program and the subsequent Community Rewards: Season 2 [Early Access] incentives, we hope to take the current web3 user experience to the next level - with your help and feedback. As they say, ‘It takes a village.’

**About CyberConnect**

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels. [Messari](https://link3.to/messari), [Rarible](https://link3.to/rarible), [1inch](https://link3.to/1inch), [BNB Chain](https://link3.to/bnbchain), along with 2,900 projects and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnecthq) | [Telegram](https://t.me/CyberConnect)

**About CyberWallet**

CyberWallet is a user-friendly smart contract wallet available on leading EVM blockchains, including Optimism, Arbritrum, Base, and others. To learn more, visit [wallet.cyber.co](https://bit.ly/3svmoIZ).

[Website](https://bit.ly/3svmoIZ) | [Twitter](https://twitter.com/thecyberwallet) | [Link3](https://www.link3.to/wallet)

Welcome to the CyberWallet Beta Launch Program. Over the past two years, the team behind CyberWallet has been at the forefront of building and growing consumer crypto infrastructure and applications. During this time, over 50 teams have built web3 applications utilizing the CyberConnect social netw

CyberWallet Beta Launch Program & Community Rewards: S2 [Early Access]

We’re so excited to share that we will attend [India Blockchain Week](https://indiablockchainweek.com) and [ETHIndia](https://ethindia.co/), the world’s largest ETH Global event, bringing together entrepreneurs, investors, enthusiasts, and developers from all over!

If you will be in Bengaluru between Dec 4 - 10, [join our TG group](https://t.me/cyberconnectindia), come say hi at one of our events, and let’s talk about building Web3 social together.

**Web3 Social Panel at FILBangalore by** [Huddle01](https://twitter.com/huddle01com)

Event Link: [https://fil-bangalore.io/](https://fil-bangalore.io/)

Location: Sheraton Grand, Whitefield

Date: 4, 2023

Time: 12-1 pm

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/014e20567c9591e5)

**[Intent.wtf ](http://Intent.wtf)by** [Particle Network](https://twitter.com/ParticleNtwrk) **& CyberConnect**

Event Link: [https://lu.ma/intentwtf23india](https://lu.ma/intentwtf23india)

Location: Biergarten Whitefield (BGW)

Date: Dec 5, 2023

Time: 2:30 - 7:30 pm

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/3c42dcaab470924d)

**Web3 Social Panel at India Blockchain Week by** [Hashed Emergent](https://twitter.com/HashedEM)

Event Link: [https://indiablockchainweek.com/](https://indiablockchainweek.com/)

Location: Sheraton Grand, Whitefield

Date: Dec 6, 2023

Time: 4:30pm — 5:30pm

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/dadc41371bb6e35b)

**Web3 Social Dhamaka by CyberConnect & Phaver**

Event Link: [https://lu.ma/web3socialdhamaka](https://lu.ma/web3socialdhamaka)

Location: Long Boat Brewing Co.

Date: Dec 10, 2023

Time: 8 pm - 12 am

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/37f545b6a5f6f1d6)

# **About CyberConnect**

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels. [Messari](https://link3.to/messari), [Rarible](https://link3.to/rarible), [1inch](https://link3.to/1inch), [BNB Chain](https://link3.to/bnbchain), along with 2,900 projects and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnecthq) | [Telegram](https://t.me/CyberConnect)

We’re so excited to share that we will attend India Blockchain Week and ETHIndia, the world’s largest ETH Global event, bringing together entrepreneurs, investors, enthusiasts, and developers from all over! If you will be in Bengaluru between Dec 4 - 10, join our TG group, come say hi at one of

Meet CyberConnect in Bangalore 🇮🇳

In this ecosystem, new opportunities are always emerging. The real question is how to spot them. That’s where we at YAY Network excel. Spotting these early investment opportunities is a challenge, but it’s a skill that we’ve honed and believe is crucial to teach you.

This article is designed to be your guide through the landscape of crypto investments. We’ll share insights on how to identify opportunities that offer more than just promises.

Our goal is to help you to become an experienced investor but at no time should this be seen as financial advise!

**What should you be looking into for a fundamental analysis?**

In the initial stages of crypto investment, where technical analysis takes a backseat, understanding the core fundamentals of a project is the most important thing.

Key areas of our analysis include understanding market dynamics and supply-demand factors, scrutinizing investment rounds for signs of confidence from other investors, and evaluating the actual problem-solving capacity of protocols. Equally important is analyzing the business model for market fit, the utility of tokens beyond surface-level features, and the robustness of the project’s. Our process involves a thorough examination of the project team, leadership qualities, community engagement, vision and mission, and roadmap.

Lastly, a keen understanding of tokenomics and possible competitors’ price history plays a crucial role in our fundamental analysis, ensuring we identify opportunities that are not just promising but viable for long-term growth.

![](https://miro.medium.com/v2/resize:fit:1400/1*4KQZujDr7fuTpYm6P5J4XA.png)

> *Visit YAY Network New Launchpad now: [https://invest.yay.network/](https://invest.yay.network/)*

### **What problems does it fix**

A fundamental question in evaluating a project is understanding the problem it aims to solve. Does the protocol address a real, widespread issue, or is it merely a solution in search of a problem?

> The value of a token often lies in its ability to offer a meaningful resolution to existing challenges.

Assessing the market value of the problem being solved and examining how other companies tackle similar challenges offers a clearer perspective on the demand and potential success of the protocol, as well as, provides a mindframe for possible protocol valuation.

### **Business Model & Whitepaper**

The whitepaper is the blueprint of a crypto project, outlining its objectives, technology, and strategy. It should convey the project’s goals, the technological means to achieve them, and how the token will function within the market.

From it we understand the business model, which is a core area of concern. It reveals how the project plans to sustain and grow financially, and also reveals the team’s expectations regarding what they are building. At the end of the day, any company or start-up needs to be profitable, and it’s important that they are able to identify their revenue streams.

> It’s crucial the protocol understands how to start generating revenue at an early stage!

A strong business model aligns with market needs. This involves analyzing how the protocol plans to generate revenue and its scalability. Even protocols that don’t introduce groundbreaking innovations but improve existing services can have significant upside potential if they present refined business models.

### **Previous Investment Rounds**

Investment rounds offer a lens into the market’s confidence in a project. A protocol that has attracted reputable and experienced investors is often a sign of a strong foundation and potential for growth.

Reviewing who invested in early stages provides insights into the project’s credibility and the faith the investment community has in its success.

> Considering the initial proposed Market Cap and compare it with its main competitors can be a good analysis to understand its potential.

### **Token Utility & Tokenomics**

When it comes to assessing protocol viability, the token utility takes one of the major, if not the major, KPI we should be looking at. The true utility of a token transcends basic functionalities like governance or staking. It should be integrated into the project’s ecosystem, playing a pivotal role that resonates with the project’s long-term objectives and vision.

A token with genuine utility serves multiple purposes.

> The most critical assessment is determining whether the token adds substantial value to the project or if it’s merely a tool for fundraising.

A token that exists solely for investment purposes, without a clear role or function in the project’s ecosystem, can be a red flag. It’s important to distinguish between tokens that are integral to a project’s operation and those that are speculative in nature.

Moreover, a token’s design should reflect a thoughtful approach to its circulation and value. This involves considerations like a deflationary model, where the token’s supply decreases over time, potentially increasing its scarcity and value. Alternatively, an inflationary model might be used to encourage spending and reinvestment in the ecosystem.

### **Roadmap**

A clear and realistic roadmap is indicative of a project’s planning and vision. It should outline specific goals and timelines, providing investors with a sense of direction and milestones.

The roadmap’s feasibility and the project’s adherence to it are crucial indicators of its potential for success and effective execution.

### **Team Behind the Project**

The team’s experience and track record are pivotal in driving a project’s success. Investigating the professional background of the leadership and technical staff can provide significant insights into the project’s potential. A strong team with relevant experience and a history of successful ventures adds credibility and confidence in the project’s future.

### **Community and Traction**

Community support and traction are good indicators of a project’s health and future prospects. The strength and activity of a project’s community often correlate with its long-term success and adoption.

> *Visit YAY Network New Launchpad now: [https://invest.yay.network/](https://invest.yay.network/)*

### **Final Thoughts**

As we venture through the world of investments, the journey from identifying potential to realizing success is nuanced and multifaceted. By analyzing the above mentioned aspects, we equip ourselves with a comprehensive understanding of what makes a crypto project truly promising.

At the heart of this is the recognition that each project is unique, with its own set of challenges and opportunities. The blend of technical insight, market understanding, and foresight is what transforms an investment decision from a mere gamble to a strategic choice. It’s about understanding the substance.

Let this article be your guide, your compass in this exciting yet challenging venture, helping you to make informed choices that lead to rewarding outcomes.

# About YAY Network

YAY Network is the thriving ecosystem specifically designed for ambitious entrepreneurs, set to revolutionize the world of fundraising and community building. Our goal is to empower innovators by delivering a comprehensive, risk-free, and accessible launchpad experience, coupled with a cutting-edge marketing and advisory suite.

[Homepage](https://yay.network/) | [Medium](https://yay-network.medium.com/) | [Twitter](https://twitter.com/yaynetwork) | [Telegram](https://t.me/+up0UD0NrVAg5ZDRk)

In this ecosystem, new opportunities are always emerging. The real question is how to spot them. That’s where we at YAY Network excel. Spotting these early investment opportunities is a challenge, but it’s a skill that we’ve honed and believe is crucial to teach you. This article is designed

Invest for the long term: YAY Network Tutorial


Before we begin, a big thank you to the builders who contributed to this article: Christina Beltramini (Lens), Alex Comeau & David Finkelstein (Airstack), Abhi Raheja (CyberConnect), Dan Romero (Farcaster), Billy Luedtke (Intuition), Helena Gagern (Salsa), and Suji Yan (Mask Network) Introduction

Web3 Social Part II: Unpacking the Stack

gm on-chain friends 👋

Welcome back to CyberLetter, our bi-monthly recap of all things CyberConnect.

Here’s everything we’ve been up to these past few weeks 👇🏼

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/c75d6d0ea7bfe6a3)**GM Istanbul 🇹🇷 ✨**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/bcbe373bcbbdd7c9)We’re on the ground in Turkey, all set for ETHDevConnect 2023! It's going to be a great time exchanging ideas, diving into discussions about making web3 more accessible—from the simplicity of wallet interfaces to the excitement of web3 social, and just enjoying the company of fellow blockchain enthusiasts. 

Here’s [a breakdown of events](https://twitter.com/CyberConnectHQ/status/1724232911862600112) we’re attending and hosting—come say hi! 

If you’re in Istanbul, [reach out to our team](https://t.me/ccistanbul2023) and let’s meet up. 

**Limited-Period Cashback on Minting CyberIDs 👾**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/b0a880dd311d0563)For a limited period, those who mint their unique .cyber handle can claim 100% cashback on their minting amount as gas credit in the form of SmartGas to their CyberAccount. 

With over 70K handles claimed since its launch and more than willing to mint their own, [getting your own CyberID](https://link3.to/cyberconnect/post/c277cf2c71a4840e88966fcee11a07c9c521b9688b06042e5c1f7860eafe0fd1) is super-easy and only a few clicks away!

**MocaID Early Access 🤩**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/2cb9ca2774f3651c)[Mocaverse](https://www.mocaverse.xyz), one of the most exciting NFT projects in a *long time* is making big moves. If you haven’t heard of it yet, make sure to check it out!  We are pleased to report that our frens at Mocaverse just released [MocaID](https://www.mocaverse.xyz/moca-id/invite), a decentralized digital identity that will allow users in the Animoca Brands ecosystem to accumulate reputation and loyalty points. For those readers who already own a Moca NFT, a MocaID was already reserved for you.

..and if you don’t own a Moca NFT, yet. Don’t worry - we may have a special surprise for you in the coming weeks. 👀

Stay tuned.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/15ddb3db5a099dee)
**Read 📖**

**Building ERC-4337 wallets 💳 ⚒️**

2023 has undoubtedly been the year of account abstraction. This year, more than 1M+ smart accounts were created and web3 users experienced for the first time what an account abstracted future on the blockchain may look like. Unfortunately, that growth has been slower than most expected.

CyberConnect cofounders Ryan Li and Zhimao Liu reflected upon their experience in building an ERC-4337 smart contract wallet and the challenges that came with it. Learn about why many of the top companies in web3 are betting on ERC-4337 and what may the future of CyberWallet look like, [here](https://link3.to/wallet/post/62f5d659d45dac9fd05aebf2fbfe3e9d36c617ab2d225767248e22c194f4ad0b). Limited collects available.


**Listen 🎧**

**How Crypto Saves the Internet (ft. Eugene Wei 🤩)**

Some of the most profound insights and analyses on consumer social products come from a globally renowned tech product leader with the name of Eugene Wei. Our team at CyberConnect has particularly enshrined his piece ‘[Status-as-a-service](https://www.eugenewei.com/blog/2019/2/19/status-as-a-service)’ into our internal web3 best-of-all-times readings. So, it is with no surprise that we are very excited to share with you [his podcast with the folks over at Bankless on web3 social](https://www.bankless.com/early-access-how-crypto-saves-the-internet-li-jin-eugene-wei?ref=bankless.ghost.io) 🤯

This is an episode packed with deep insights and first-principles-driven takes on building the next generation of social platforms.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/21713dcfd10c1df6)
**ARPA, DWF Labs, DODO, & EthSign 🤝**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/28cd16339adb3276)
A big shoutout to our frens at ARPA Network, DWF Labs, DODO, and ETHSign for joining us in co-hosting an evening filled with insightful discussions, networking opportunities, and the vibrant energy of our Turkish community. Photos coming soon 🤩 💫

✌️✌️✌️

That’s all for this edition! See you later!

**Remember: Onchain Friends Last Forever 🔗 ⭐️ 🥰**

— Team CyberConnect

*Thanks for sticking with us. If you like what you read, subscribe to this newsletter and follow us on [Twitter](https://twitter.com/CyberConnectHQ). Want to contribute? Join our vibrant community by clicking [here](https://discord.com/invite/cyberconnecthq) or dive into our developer docs [here](https://docs.cyberconnect.me/).*

gm on-chain friends 👋 Welcome back to CyberLetter, our bi-monthly recap of all things CyberConnect. Here’s everything we’ve been up to these past few weeks 👇🏼 GM Istanbul 🇹🇷 ✨ We’re on the ground in Turkey, all set for ETHDevConnect 2023! It's going to be a great time exch

CyberLetter #29: 🇹🇷 EthDevconnect and MocaID powered by CyberAccount ✨

As the blockchain and Web3 applications landscape continues to evolve, gas management across different ecosystems is becoming more of a hassle. That’s why we are excited to introduce **SmartGas**, an all-new gas balance system that redefines how users manage gas fees across multiple blockchains. With SmartGas, [CyberWallet](https://wallet.cyber.co) provides unparalleled convenience, cost-effectiveness, and security in your digital asset management.

### **What is SmartGas?**

SmartGas is the latest new feature within [CyberWallet](https://wallet.cyber.co), an ERC-4337 smart account, most suitable for a web3 citizen who uses a number Web3 applications across different blockchains. It empowers users to use a variety of tokens from different chains as gas, effectively breaking the barriers between blockchain networks.

**Key Features**

1. **Multi-Chain Convenience:** Perhaps the most striking feature of SmartGas is its ability to let users deposit native tokens from any chain* to pay for gas fees on another blockchain. For instance, one could deposit MATIC from Polygon into their SmartGas balance, which will then be reflected in its USD value at the time of deposit. That SmartGas balance can now be used for gas payment for a transaction on the Ethereum-based Optimism network. While you focus on your web3 experience, let CyberWallet handle the currency conversion.

2. **Eliminating Swap Fees:** Traditionally, converting tokens between different chains incurs significant swap fees. SmartGas eliminates this need, allowing users to maintain their assets in their original form while still enabling cross-chain functionality. This feature is not only cost-effective but also time-efficient, streamlining the process of managing different tokens.
Soon, with CyberWallet, users will be able to enable customizable security features like transaction limits, passkeys, etc.

3. **Enhanced Security:** One of the inherent risks in cryptocurrency and token management is security, especially in hot wallets. SmartGas offers additional security by having your CyberWallet manage the gas fee payments and your EOA (MetaMask etc.) simply be a depositor. Soon, with CyberWallet, users will be able to enable customizable security features like transaction limits, passkeys, etc.

### **Why SmartGas is a Game-Changer**

SmartGas addresses several pain points in the current blockchain ecosystem:

- It simplifies the process of managing gas fees across different blockchains.
- Reduces the cost and complexity of token management.
- Provides a secure and user-friendly platform for managing digital assets.

In essence, SmartGas is not just a feature; it's a step towards a more integrated, efficient, and user-centric blockchain ecosystem.

Whether you are a casual user or a blockchain enthusiast, SmartGas is poised to enhance your Web3 experience significantly.

Stay tuned for more updates and dive into the future of blockchain transactions with SmartGas and CyberWallet.

**About CyberWallet**

CyberWallet is a user-friendly smart contract wallet available on leading EVM blockchains, including Optimism, Arbritrum, Base, and others. To learn more, visit [wallet.cyber.co](https://bit.ly/3svmoIZ).

[Website](https://bit.ly/3svmoIZ) | [Twitter](https://twitter.com/thecyberwallet) | [Link3](https://www.link3.to/wallet)

As the blockchain and Web3 applications landscape continues to evolve, gas management across different ecosystems is becoming more of a hassle. That’s why we are excited to introduce SmartGas, an all-new gas balance system that redefines how users manage gas fees across multiple blockchains. With

Effortless Crypto Transactions with SmartGas

2023 has undoubtedly been the year of account abstraction. Even though the concept is nowhere new, with [early discussions](https://blog.ethereum.org/2015/07/05/on-abstraction) dating back to the beginning days of Ethereum, the industry made its [biggest leap this year](https://sixdegree.xyz/research/Half-Year-Data-Report-of-ERC4337-by-Sixdegree.pdf) in bringing working smart contract wallets to hundreds of thousands of users.

Our team at CyberConnect has been at the forefront of building and growing consumer crypto applications. Here, we’re taking a new perspective on social media, building towards a decentralized future where users exercise complete ownership and control over their social data, while developers can innovate permissionlessly. In almost three years, over 50 teams have built web3 applications utilizing the CyberConnect social network protocol, and have cumulatively registered [1.2M+ users](https://dune.com/cyberconnecthq/cyberconnect-link3-metrics), creating 1.9M+ units of social content. In the past 4 months alone, we’ve deployed over 500,000 ERC-4337-compatible smart accounts on Optimism, Arbitrum, Polygon, Linea, opBNB, and Base. At the time of writing, that accounts for almost [50% of all the smart accounts](https://dune.com/niftytable/account-abstraction) that exist today across all blockchains. CyberAccounts have generated over [1M UserOperations](https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account) and more than USD 1.2M has been deposited in CyberWallet for gas.

### So, why CyberWallet?

One of the most pivotal insights on our journey in building and growing consumer crypto applications emerged while navigating the challenges in user onboarding. Even though decentralized applications and protocols are fairly accessible to crypto-native users, the intrinsic complexity of blockchains and crypto wallets creates a high barrier for regular users to explore the web3 ecosystem. The most significant of these complexities include:

1. Transaction signing and the gas fee system

2. Cryptographic key management

3. Isolated blockchains

Like most other crypto teams, we want to make web3 more accessible to a wider audience. Instead of waiting for someone else to build a solution, we addressed these challenges head-on and developed [CyberWallet](https://bit.ly/3svmoIZ), an ERC-4337-compatible smart contract wallet.

We bet on [ERC-4337](https://eips.ethereum.org/EIPS/eip-4337) because it aims to make blockchains user-friendly, increase their security, and enhance the overall functionality of wallets and transactions. Of all the enhancements it offers to the existing infrastructure, we believe the most crucial ones are:

**Flexible Authentication Layer**

ERC-4337 introduces a versatile system for managing who can access and control blockchain accounts. This flexibility means users can choose how to manage their private keys, which is essential for account access. They can either opt for:

1. **Self-Custodial Management**: Manage keys independently, using a familiar wallet interface like [MetaMask](https://metamask.io/), where users are solely responsible for their keys' safety.

2. **Shared Key Management**: Share the responsibility of managing keys with trusted parties or across multiple devices using advanced methods like Multi-Party Computation (MPC) or cloud enclaves. This can add extra security layers, as keys are not held in one place but distributed and managed collectively.

This flexibility opens the door to a number of innovative applications, like 2-factor authentication and session keys for blockchain accounts.

**More Efficient Transactions by Decoupling Gas Payments**

ERC-4337 introduces an alternative structure for processing blockchain transactions that simplifies the user experience. It does this by using a new kind of transaction, a UserOperation, which separates the transaction from the complexities of paying gas fees. This enables a 'gas-sponsored' experience where users no longer have to pay transaction fees themselves. Instead, a marketplace of gas sponsors—like blockchain companies—could emerge, where these sponsors voluntarily cover the transaction costs for users. This could play a significant role in the early stages of web3 applications by reducing barriers for users.

**Programmable Modular Account**

Smart accounts pave the way for a new generation of programmable accounts, greatly expanding the design space for developers to build novel account solutions in web3. For example, by utilizing standards like [ERC-6900](https://eips.ethereum.org/EIPS/eip-6900), we can offer users enhanced account functionality with modular and extensible features. This includes but is not limited to, session keys, multi-signature authentication, and on-chain guardians. The result is a ‘smart’ web3 account that can adapt to the diverse and evolving requirements of users, providing a seamless and secure interface for engaging with decentralized applications.

Unfortunately, despite these advantages, ERC-4337’s full potential has yet to be realized. While many in the industry have been touting its potential in onboarding the next billion users onto crypto, there’s a reason it hasn’t taken off at the speed many of us expected.

As we set forth on this journey to bring a robust account abstracted smart contract wallet to market, it quickly became clear to us that pioneering work often meets unanticipated obstacles. In the spirit of camaraderie and collective progress, we want to share the challenges we faced with the hope that we can move together quickly to address them as an industry.

### The Challenges

**Single Domain Stateful Architecture**

One of the key differences between an EOA and a smart contract account is that the EOA is stateless, while the smart contract account is stateful. States, like the initial access key setup, are bound to a specific smart contract account on a blockchain. This means that they are stored on each blockchain and [do not magically propagate to others](https://vitalik.ca/general/2023/06/20/deeperdive.html). Therefore, managing a smart contract account in a multi-chain setup is not as easy as switching a network inside an EOA wallet.

To get around this, at CyberWallet, we utilize [CREATE2](https://docs.openzeppelin.com/cli/2.8/deploying-with-create2) to generate deterministic account addresses from initial access keys. Important to note that for now, we assume the initial access keys are the same across different EVM-compatible blockchains. This is to provide a familiar user experience for multi-chain account addresses, similar to EOA wallets. However, because access keys may need to change over time, this presents a new challenge. While technologies like [Keystore](https://vitalik.ca/general/2023/06/20/deeperdive.html) are very appealing, we believe that in the short term, developing cross-domain infrastructure and messaging channels is definitely needed to address multi-chain state management.

![img](https://link3-image.cyberconnect.dev/82f46803-4c8c-4bfb-835b-17ca1265f634/postImageFolder/3d70482f39591c49)

**Gas: Estimation, Overhead, and Management Across Blockchains**

One of the biggest challenges we faced was conducting gas estimation for different blockchains. While L1 blockchains have straightforward gas estimation, ERC-4337 Gas Estimation for L2s is exponentially more complex. `preVerificationGas` for a UserOperation is proportional to `L1_price/L2_price`, and in the case where this ratio increases from the time gas estimation happens until bundling, the `UserOperation` will be rejected. While adding a buffer (~25%) to `preVerificationGas` increases the likelihood of bundling, that also means users are stuck paying for this overhead, regardless of price fluctuations in L1 and L2 gas. We work hard to provide the right balance that offers ‘most likely’ bundling without rejection and the lowest gas overhead for users. Our friends over at Alchemy wrote an excellent [blog](https://www.alchemy.com/blog/l2-gas-and-signature-aggregators) about this problem.

On top of this, another rather well-known challenge is the gas overhead caused by ERC-4337 components like the EntryPoint contract and Paymaster. Granted, this seems like a major blocker for the mass adoption of smart accounts-powered web3 applications. However, we believe that proposed Ethereum upgrades like [EIP-4844: Proto-Danksharding](https://www.eip4844.com/) will significantly lower the gas cost on L2s and make this gas overhead negligible. Of course, as ERC-4337 adoption rates increase, smart contract accounts will soon be cheaper than EOAs on L2s as they start aggregating signatures to reduce the amount of data that needs to be stored on L1.

Finally, the true success of any technology is when it disappears from the end user experience. For web3 applications, this must manifest by the complexities of blockchains completely disappearing, even as users move across apps on different networks. However, gas management across blockchains comes with its own set of challenges. In CyberWallet, we introduced **SmartGas**, a universal gas credit represented in USD value. With SmartGas, users can deposit tokens as a gas credit on any supported EVM blockchain, which is then converted into their corresponding USD value at the time of deposit. Users may utilize this credit to cover gas fees when doing transactions on any of our supported blockchains.

**Fragmented Mempool**

Ideally, the alternative mempool introduced by ERC-4337 should be accessible and shared across different bundlers to maximize the chances of a UserOperation being included in a block. However, as the P2P mempool standard is still under development, and each bundler provider has their own mempool, we arrive, albeit hesitantly, at the crossroads of a fragmented mempool. Staying dedicated to our commitment to ensuring that users’ transactions are included in the block, we decided to connect several bundler networks behind our service to increase availability and prevent censorship. UserOperations are assigned to different bundlers and their traffic split changes dynamically based on a bundler’s error rate, RPC latency, and operation pending time.

![img](https://link3-image.cyberconnect.dev/82f46803-4c8c-4bfb-835b-17ca1265f634/postImageFolder/cffd0a9b124d79c0)

Although helpful, this multi-bundler strategy comes with its own set of challenges. It may be possible that a user unknowingly generates duplicate operations on multiple mempools with one operation’s gas going to waste. In any case, the UserOperation path must be properly tracked should we want to support UserOperation replacement in case of network congestion. To address this, we developed a ‘UserOperation + PmData lifecycle’ to have state transition properly defined so that user won’t waste their gas credit and can do advanced UserOperation management, such as speed up transactions by paying higher gas.

**Testing the Limits: ERC-4337 Boundaries and Scalability**

Arguably, one of the most aggressive yet ambitious steps we’ve taken as a team was to test the boundaries of our ERC-4337 implementation by letting over 150k users claim their [CYBER token](https://link3.to/cyberconnect/post/ae8c8e2bac694aca8c7f8fd9aee3c3da6dfaf5c5427de9db52e030e66eed7e80)[ community rewards](https://link3.to/cyberconnect/post/ae8c8e2bac694aca8c7f8fd9aee3c3da6dfaf5c5427de9db52e030e66eed7e80). It was an audacious test in retrospect, to say the least, as over 185k UserOperations were generated on the claiming day, and 70 ETH was consumed as gas fees. Even the L1 gas price pumped up when we started the claiming event.

![img](https://link3-image.cyberconnect.dev/82f46803-4c8c-4bfb-835b-17ca1265f634/postImageFolder/1cc1fd0726537fe8)

Here’s what happened:

Way too many UserOperations were submitted to multiple mempools across different bundlers in a short period. Subsequently, as the gas price increased, the gas estimation in the UserOperation was too low to be included on-chain. This resulted in an increasing number of UserOperations getting stuck in the mempool, unfortunately breaking the underlying bundler infrastructures. Reasons for failure range from depleted database resources to issues with node memory, and the message queue getting stuck. Our production environment experienced about one hour of downgraded service. Now is probably a good time for a special shout-out to our friends over at [Pimlico](https://www.pimlico.io/), [Alchemy](https://www.alchemy.com/), and [Biconomy](https://www.biconomy.io/) for their endless efforts in providing support during this emergency.

Our biggest lesson from this event is to ensure a proper UserOperation rate limit based on the blockchain capacity. Developing an advanced gas estimation strategy is crucial here, as submitting many underpriced UserOperations quickly doesn’t make any sense and only creates pressure on the mempools. Not to forget, bundling multiple UserOperations in one transaction can somewhat mitigate this issue. We were specifically impressed with Alchemy’s bundler that bundled around 10 UserOperations in one transaction to accelerate transactions to be included onchain during this event.

### CyberWallet: What’s Next?

Ultimately, CyberWallet’s core mandate is to bring web3 to the world and onboard 1B+ new users into crypto. We realize the audacity of that goal and are moving quickly to achieve that. The next series of feature updates to CyberWallet include a number of fundamental changes that are sure to make the user experience of blockchain-based applications safer and more intuitive.

Here’s what’s coming:

**Improved User Onboarding with Passkeys**

Cryptographic key management remains a major complexity for users just starting their web3 journey. Currently, CyberWallet adopts a traditional EOA (like MetaMask) strategy for key management. We will continue to support that, and in fact, in the coming weeks, we will expand that to develop wallet interfaces such as a CyberAccount MetaMask Snap.

We also believe that there is no single key management framework that meets the diverse range of use cases like mobile environments, gaming, and social. Therefore, we are adopting the PassKey standard to bring web2 product UX to web3. The device-bound design of PassKey is important in terms of security and accessibility. Important to note that Ethereum doesn’t natively support such a signature yet, so for the time being, we’re using a cloud enclave solution. Fortunately, key management does not require vendor lock-in because of the flexible authentication layer of the smart contract account. We will continue to follow developments in Ethereum, like [EIP-7212](https://eips.ethereum.org/EIPS/eip-7212), to adopt more progressive, and decentralized solutions.

**Cross Domain Framework**

With the emergence of more L2s and L1s, the isolation of blockchain systems is becoming a serious problem in navigating UX challenges. This is a complex problem and needs wider industry collaboration. We are actively researching and participating in topics like cross-rollup interoperability, AMPs (Arbitrary Message Passing Protocols), and independent mempool frameworks like Flashbot SUAVE, Anoma, etc. We believe a properly implemented cross-domain framework will elevate web3 UX significantly, and, therefore, become a core foundation for the future development of CyberWallet.

**Intent-based Design**

Paradigm recently helped revive [intent-based architectures](https://www.paradigm.xyz/2023/06/intents). ‘Declarative paradigm’ is not a new concept; in fact, many web2 systems are already built upon this programming design principle. It’s interesting to see such design thinking being adopted into blockchain systems. We are actively exploring use cases where users can express and execute their intent with multiple staged transactions. These use cases will be tested in the new version of the CyberWallet app in the coming months.

**CyberID and Multi-Chain Naming Solution**

The account states, such as underlying access keys, tend to change over time. We’ve found that it’s not practical to build upon the assumption that users will always have the same account address in a multi-chain world. In fact, it’s impossible to get the same account address in some blockchains, such as zkSync, even with CREATE2. Gnosis Safe wrote an excellent [blog](https://safe.mirror.xyz/4GcGAOFno-suTCjBewiYH4k4yXPDdIukC5woO5Bjc4w) about smart account addresses in a multi-chain landscape. We are developing our in-house naming solution called [CyberID](https://link3.to/cyberconnect/post/94e7b558022376aff30fabe6c8ed07be82b6ffdf6bd2c6665cdd054dc54b4da0) to allow users to track their account-related info such as counterfactual address, historical validators, and deployment status in a multi-chain setup. Therefore, users and dApps only need to use this human-readable identifier when interacting with CyberWallet.

### **Conclusion**

User onboarding remains one of the most crucial bottlenecks in bringing web3 to the world. The developments in account abstraction, especially most recently with ERC-4337, have been extremely significant and have brought the industry one step closer to mass adoption. The onus now lies on the web3 developer community and our ability to mobilize industry-wide collaboration to build user-friendly products that spread the promise of blockchains and decentralization far and wide. Our team at CyberConnect is excited to collaborate with you to bring web3 to the world.

For questions, queries, or concerns, feel free to reach out to:

- Zhimao Liu:  [Twitter](http://x.com/zhimao_liu) | [Telegram](http://t.me/zhimaol)
- Ryan Li: [Twitter](http://x.com/ryanli_me) | [Telegram](http://t.me/ryanli_me)

**About CyberWallet**

CyberWallet is a user-friendly smart contract wallet available on leading EVM blockchains, including Optimism, Arbritrum, Base, and others. To learn more, visit [wallet.cyber.co](https://bit.ly/3svmoIZ).

[Website](https://bit.ly/3svmoIZ) | [Twitter](https://twitter.com/thecyberwallet) | [Link3](https://www.link3.to/wallet)

2023 has undoubtedly been the year of account abstraction. Even though the concept is nowhere new, with early discussions dating back to the beginning days of Ethereum, the industry made its biggest leap this year in bringing working smart contract wallets to hundreds of thousands of users. Our tea

Building CyberWallet: Challenges and its Future

Wallets are the cornerstone of the crypto ecosystem. They serve as the primary interface for users to interact with blockchain-based applications and manage their digital assets. But despite their critical role, traditional crypto wallets are complex to use and present a high barrier for entry for non-technical users. This process can not only be time-consuming but also frustrating for both users and app developers.

To overcome these barriers and promote wider adoption, the next generation of crypto wallets must address the challenges and difficulties that hinder user onboarding and engagement. This requires a sharp focus on simplicity, user-friendliness and interoperability. At [CyberConnect](https://cyberconnect.me/), we didn't want to wait on the sidelines for a solution. So, [we took the initiative and created CyberWallet](https://link3.to/wallet/post/62f5d659d45dac9fd05aebf2fbfe3e9d36c617ab2d225767248e22c194f4ad0b), an ERC-4337-compatible smart contract wallet. Our goal with [CyberWallet](https://wallet.cyber.co/) is simple: to unlock the current bottleneck of user onboarding in web3 and bring crypto to a billion users.

But what exactly are smart contract wallets and how do they simplify the complex world of blockchain and crypto through account abstraction? Let's unpack the idea behind this emerging tech in crypto wallets and learn what it's trying to solve.

## Why Smart Contract Wallets?

Smart contract wallets leverage the power of smart contracts (self-executing agreements stored on the blockchain) to store and manage digital assets. Unlike traditional non-custodial wallets, smart contract wallets use [account abstraction](https://ethereum.org/en/roadmap/account-abstraction/) to abstract away the complexities of managing private keys and interacting with smart contracts. As a result, the user experience is safer and friendlier.

One of the defining characteristics of smart contract wallets is their ability to be programmed with custom logic. This flexibility allows developers to create wallets with features that cater to specific user needs and preferences, such as:

**1. Social Recovery**

In traditional wallets, if users lose their seed phrase, they permanently lose access to their funds. This can be devastating, as seed phrases are often difficult to memorize and can be easily lost or stolen. Social recovery, on the other hand, provides a more secure and user-friendly solution. Instead of relying on a single seed phrase, social recovery utilizes a trusted network of contacts, such as friends or family members, who can help recover a lost wallet. This approach is based on the idea that multiple people are less likely to lose their ability to access a wallet simultaneously than a single individual.

**2. Signless Transactions**

Traditional wallets require users to sign each transaction using their private keys, which can be a cumbersome and time-consuming process. This is particularly true for users who frequently interact with decentralized applications (dApps) or make numerous transactions throughout the day. Smart contract wallets can address this limitation by introducing signless transaction capabilities. They can allow users to pre-approve a set of transactions or delegate the signing process to a trusted third party. This approach significantly reduces the time and effort required to execute transactions, making it more convenient for users to manage their digital assets.

**3. Batch Transactions**

Each transfer or interaction requires separate confirmations and gas fees in traditional wallet-based transactions. This can become cumbersome and time-consuming, especially for users who frequently make multiple transactions or interact with decentralized applications (dApps). Smart contract wallets can address this limitation by introducing batch transactions, a feature that groups multiple transactions into a single batch. This batch is then processed as a single transaction, significantly reducing the number of confirmations and gas fees required.

**4. Gasless Transactions**

In traditional gas fee mechanisms, users must hold the native currency of the blockchain network in their wallets to execute transactions. For instance, on the Ethereum network, ETH is the native currency used to pay gas fees for transactions. This method might be frustrating for people who are just starting out and don't have ETH or the means to get it. Gasless transactions address this challenge by decoupling gas fee payment from the transaction sender. This means that users can initiate transactions without having to hold the native currency of the network. Instead, gas fees can be paid by a third party, such as dApp providers or designated sponsors (called paymasters).

**5. Multi-Signature Transactions**

Multi-signature transactions can introduce a layer of redundancy and shared control, requiring authorization from multiple parties before a transaction can be executed. This collaborative approach significantly strengthens security by making it more difficult for a single individual or compromised device to access and steal funds. For instance, a multi-signature wallet could require approval from multiple family members or trusted friends, ensuring that multiple eyes are always watching over funds.

**6. Spending Limits**

Spending limits can introduce an additional safeguard against unauthorized or excessive transactions. By setting spending limits, users can define the maximum amount that can be transferred from their wallet within a specific timeframe. This feature is particularly useful in preventing large-scale unauthorized transactions or safeguarding against impulsive decisions. For example, a user could set a daily spending limit, ensuring that even if their wallet were compromised, attackers would only be able to steal a limited amount of funds.

## Final Thoughts

Smart contract wallets are a significant step forward in the crypto world, especially for beginners. They simplify what was once complex, making it easier to manage digital assets compared to traditional wallets. With these wallets, the challenges of handling private keys and understanding gas fees become less intimidating. For newcomers, this means a more welcoming entry into crypto.

As we explore the evolving world of crypto wallets, we'd love to hear from you. What changes would you like to see in current wallets? What are your thoughts on smart contract wallets? Share your comments below. And keep an eye out – the all-new [CyberWallet](https://wallet.cyber.co/) will be launching in beta soon, ready to make your blockchain interactions so much easier and user-friendly!

## FAQ

**1. What is the difference between EOA wallets and smart contract wallets?**

In traditional EOA wallets, your private keys — which you need to access your crypto — are stored on one device at a time. If something happens to your device or if someone manages to steal your keys, you can lose access to your funds. Smart contract wallets keep your private keys on the blockchain itself through smart contracts. This way, it’s possible to securely access your crypto from multiple devices.

**2. What is the difference between MPC wallets and smart contract wallets?**

In MPC (multi-party computation) wallets, the private key is divided into multiple parts (or shares). This way, no single person or device can access the complete private key. This added layer of security eliminates a single point of failure. Smart contract wallets don’t rely on traditional private keys at all. They use smart contracts to store and manage your assets.

**3. How do smart contract wallets work?**

Smart contract wallets can allow for blockchain accounts to be programmed with custom logic through the use of smart contracts. This programmability allows wallet providers to create account functionalities tailored to the diverse needs of Web3 users. For example, they can be programmed to require multiple signatures to approve transactions, or support on-chain guardians to make it easier to restore your wallet using social recovery options.

**4. How to create a smart contract wallet?**

Creating a smart contract wallet can be done in a few clicks. Just visit [wallet.cyber.co](http://wallet.cyber.co/) and start by clicking the 'Connect' button at the top right corner of the page. Connect your existing wallet (like MetaMask or Trust Wallet) to create a smart contract account on CyberWallet.

**About CyberWallet**

CyberWallet is a user-friendly smart contract wallet available on leading EVM blockchains, including Optimism, Arbritrum, Base, and others. To learn more, visit [wallet.cyber.co](http://wallet.cyber.co/).

[Website](https://bit.ly/3svmoIZ) | [Twitter](https://twitter.com/thecyberwallet) | [Link3](https://www.link3.to/wallet)

Wallets are the cornerstone of the crypto ecosystem. They serve as the primary interface for users to interact with blockchain-based applications and manage their digital assets. But despite their critical role, traditional crypto wallets are complex to use and present a high barrier for entry for n

What are Smart Contract Wallets?

gm on-chain friends 👋

Welcome back to CyberLetter, our bi-monthly recap of all things CyberConnect.

Here’s everything we’ve been up to these past few weeks 👇🏼

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/c75d6d0ea7bfe6a3)

**Namaste India 🇮🇳 🙏🏼**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/70b75e99bcabb29c)

We've just arrived in India, ready for a week full of excitement! It's a fantastic opportunity to mingle with the local blockchain community. Dive into discussions about making web3 more accessible—ranging from the simplicity of wallet interfaces to the excitement of web3 social, and much more!

Here’s [a breakdown of events](https://link3.to/cyberconnect/post/27eea0f49369dcfec628ea63a2a8a4e67963f3cb73ac4640f1c214b832b7cfe8) we’re attending and hosting—come say hi!

If you’re in Bengaluru, [reach out to our team](https://t.me/cyberconnectindia) and let’s meet up.

**Holiday Cheer with CyberConnect 🎄 🎁**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/81c3c037cdbdbbe9)

The deadline for the *CyberConnect Community Rewards: Season 2* *[Early Access]* is fast approaching! [Make sure to apply](https://cyberconnect.deform.cc/communityrewards/) before December 5, 2023, at 11:59 PM UTC to stand a chance of claiming a share of the 25,000 CYBER 🔥 This is a unique opportunity to engage with the CyberConnect community and be part of our onchain journey.

Remember, this is just a glimpse of what's in store. Keep an eye out for more updates coming your way soon! 👀

**Stress Free Gas Management with SmartGas ⛽**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/45bdfd7f72010ee1)

We recently introduced SmartGas, a new innovative feature in CyberWallet that aims to simplify gas fee management across your Web3 dapps. It's a game-changer for anyone navigating the Web3 space and looking for more streamlined token management across blockchains.

Learn how you can achieve effortless crypto transactions with SmartGas, [here](https://link3.to/wallet/post/4c0318ca86ae2c452bd758e4555e90c2a198f7c5de41b2a8a07435f1df156ed0).

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/15ddb3db5a099dee)

**Read 📖**

**Demystifying Smart Contract Wallets 💳**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/b4856f0dbff3b5e0)

Dive into the world of smart contract wallets and see how they're revolutionizing our interaction with blockchains and management digital assets. From social recovery and signless transactions to gasless experiences, these wallets pave the way for a more accessible and user-friendly crypto experience.

Here’s a short blog on [what exactly are smart contract wallets](https://link3.to/wallet/post/6600a9081eb118f4ad084b739be06d06fef1d55ed579cf8055880d1d53f1e0a6).

**Listen 🎧**

**How to Skyrocket to 100k Users in Web3 (ft. Ryan Li 🚀)**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/1e854017409c8c6b)

Our co-founder Ryan Li shares his insightful journey on the latest episode of the Poolside Web3 Builders podcast. From his early days at Instagram to ideating a decentralized social media protocol, Ryan discusses the pivotal role of user ownership and empowerment in social networks. He delves into the challenges of developing social apps, strategies for building a trustworthy team, and the importance of effective treasury management in the volatile crypto market.

Tune in for [a deep dive into CyberConnect's mission](https://twitter.com/PoolsideCo/status/1729430468754288913) and gather valuable advice for navigating the ever-changing Web3 landscape.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/21713dcfd10c1df6)

**Phaver 🤝**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/e09b6c5acd7008c3)

Come join us and our frens at Phaver for a dhamaka evening filled with engaging discussions, networking opportunities, and the vibrant energy of our Indian community. This is an invite-only event, and slots are filling in fast. So, mark your calendars today and [sign up](https://lu.ma/web3socialdhamaka) to join us on Dec 10 in Bengaluru!

✌️✌️✌️

That’s all for this edition! See you later!

**Remember: On-Chain Friends Last Forever 🔗 ⭐️ 🥰**

— Team CyberConnect

*Thanks for sticking with us. If you like what you read, subscribe to this newsletter and follow us on [Twitter](https://twitter.com/CyberConnectHQ). Want to contribute? Join our vibrant community by clicking [here](https://discord.com/invite/cyberconnecthq) or dive into our developer docs [here](https://docs.cyberconnect.me/).*

**About CyberConnect**

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels.[ Messari](https://link3.to/messari),[ Rarible](https://link3.to/rarible),[ 1inch](https://link3.to/1inch),[ BNB Chain](https://link3.to/bnbchain), along with 2,900 projects and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnecthq) | [Telegram](https://t.me/CyberConnect)

gm on-chain friends 👋 Welcome back to CyberLetter, our bi-monthly recap of all things CyberConnect. Here’s everything we’ve been up to these past few weeks 👇🏼 Namaste India 🇮🇳 🙏🏼 We've just arrived in India, ready for a week full of excitement! It's a fantastic opportun

CyberLetter #30: Community Rewards S2 Early Access & Cyber Team in India 🇮🇳

gm on-chain friends 👋

Welcome back to CyberLetter, our bi-monthly recap of all things CyberConnect.

Here’s everything we’ve been up to these past few weeks 👇🏼

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/c75d6d0ea7bfe6a3)**Meet CyberID: One Identity, across Blockchains 🔐 🪪**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/27138dc7ac94499c)We’re excited to unveil [CyberID](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity), a unique handle for your CyberAccount.

Each [CyberID](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity) is an ERC-721 NFT carrying a unique handle owned and operated by a CyberAccount, representing that account's social identity. It is a user-friendly alias for your blockchain addresses, offering a seamless experience across multiple chains.

To learn more about CyberID, check out our [blog](https://link3.to/cyberconnect/post/94e7b558022376aff30fabe6c8ed07be82b6ffdf6bd2c6665cdd054dc54b4da0).

**Binance Labs doubles down on CyberConnect 💛💪🏻**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/832a953535d5cb52)Binance Labs has made a [follow-on investment](https://www.binance.com/en-IN/feed/post/2023-10-25-binance-announces-follow-on-investment-in-decentralized-social-network-cyberconnect-1495748) in CyberConnect. We’re honored to receive this support from one of crypto’s leading companies and remain committed to our mission to build a new future of social networking on the internet.

**Adieu CyberTrek 🥲**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/5a11588e19e65473)CyberTrek has [landed](https://twitter.com/CyberConnectHQ/status/1717566204825444809)! After three months of exploring web3 account abstraction with our partners and community, we're excited to announce the successful completion of this journey. Thank you to our partners and community members for coming along on this ride to explore account abstraction in web3. This chapter may have ended, but a new one is beginning soon.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/15ddb3db5a099dee)**Listen 🎧**

**Exploring the web3 social landscape ft. CyberConnect x Cointelegraph 🎙️🎧**

[Co-founder Ryan Li sat down with CoinTelegraph](https://twitter.com/Cointelegraph/status/1717521577225445506?s=20) to discuss the transformative power of content creation and ownership in web3. He highlighted how this not only ensures the permanence of content but also amplifies its value and utility in the decentralized social space. So, if you're curious about the significance of identity and the changing social content landscape in web3, it's a conversation you certainly wouldn’t want to miss!

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/21713dcfd10c1df6)**Taho 🗺🗺**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/5865a587b73184d8)Congrats to our close frens and partners at Taho for the [beta release](https://twitter.com/taho_xyz/status/1716839533197832251) of their play-to-govern game called Subscape.

[Check out the CyberConnect realm](https://blog.taho.xyz/welcome-to-subscape/) in Subscape and, and tell us what you think!

✌️✌️✌️

That’s all for this edition! See you later!

**Remember: On-Chain Friends Last Forever 🔗 ⭐️ 🥰**

— Team CyberConnect

*Thanks for sticking with us. If you like what you read, subscribe to this newsletter and follow us on [Twitter](https://twitter.com/CyberConnectHQ). Want to contribute? Join our vibrant community by clicking [here](https://discord.com/invite/cyberconnecthq) or dive into our developer docs [here](https://docs.cyberconnect.me/).*

gm on-chain friends 👋 Welcome back to CyberLetter, our bi-monthly recap of all things CyberConnect. Here’s everything we’ve been up to these past few weeks 👇🏼 Meet CyberID: One Identity, across Blockchains 🔐 🪪 We’re excited to unveil CyberID, a unique handle for your CyberAc

CyberLetter #28: CyberID, Binance Investment and more

Decentralized Finance (DeFi) has become one of the many industry segmentations that come from blockchain and crypto technology. DeFi makes financial products more accessible, inclusive, and easier for many users to reach and use. The nature of blockchain and crypto technology bring financial products whether it's from the conventional financial industry or even innovative financial product one step ahead where each individuals are the one who control their financial exploration in DeFi.

DeFi is one of the biggest main catalysts that's determining the adoption of blockchain and crypto technology to the masses and a segmentation where the uses are glued to the daily lives of the users. Thus, the easy accessibility and opportunities offered by DeFi need to be more developed and increased.

For the sake of opportunities availability and easier DeFi accessibility, **Mad's Crypto Corner is proud to unveil our latest partnership with Sphynx Labs**. Sphynx Labs is an all-in-one platform offering many DeFi products in the palm of a hand, such as Decentralized Exchange (DEX), Bridge, and even Launchpad in one app. This partnership drove Mad's Crypto Corner to introduce, spread, and drill the potential and the easiness Sphynx Labs offered as an all-in-one DeFi products solution, to make the adoption of blockchain and the crypto industry far wider.

***

## About Sphynx Labs

![](https://miro.medium.com/v2/resize:fit:1050/1*2Vj3DgTjC07obuITHIwn5w.png)

[Sphynx Labs](https://sphynxlabs.co/) has everything you could want to make your DeFi experience easy. They are an all-in-one platform supporting over 18 chains for trading, charting, bridging, and more. It doesn't stop there though, they also have the Sphynx DeFi App on Google and Apple to fulfill your needs on the go, and the SPay Crypto Debit Cards to spend your crypto your way.

For projects and real-world businesses, Sphynx Labs also has many service options for the development of the SPay API for e-commerce, and a point-of-sale system for real-world businesses to accept crypto.

### Find Out More About Sphynx Labs on:

| [Website](https://sphynxlabs.co/) | [Decentralized App (DApp)](https://thesphynx.co/) | App: [Google Play Store](https://play.google.com/store/apps/details?id=com.sphynx) & [App Store](https://apps.apple.com/nz/app/sphynx-defi-app/id1626361848) | [Docs](https://sphynx-labs.gitbook.io/sphynx-labs/) | [Telegram Group](https://t.me/sphynxlabs) | [Twitter](https://twitter.com/SphynxLabs) | [Instagram](https://www.instagram.com/sphynxlabs/) | [Medium](https://sphynxlabs.medium.com/) |

***

## About Mad's Crypto Corner

![](https://miro.medium.com/v2/resize:fit:1050/0*pgGncEo9xD6PMnjd.png)[Mad’s Crypto Corner](https://link3.to/madscrypto) is an Indonesia-based crypto and blockchain community that was established in mid-2021. With the main mission to provide good quality projects to our community (we called it Madians), we educate crypto enthusiasts — whether it's global or Indonesian— to increase their understanding of cryptocurrency and blockchain technology, introducing the potential and opportunities we can get from the crypto industry.

We aim to connect all cryptocurrency enthusiasts — project developers and teams, investors, users, and even airdroppers — to build a healthy and active community where everyone whoever and wherever they are can actively participate in this still-growing and promising prospect industry. Thus, Mad's Crypto Corner has become the place for all kinds of crypto enthusiasts, from the newbies to the professionals.

As to reaching that out, we are committed to building an active and participative crypto community for all kinds of crypto enthusiasts to discuss, educate each other, and share opportunities in the potential and future-prospect crypto industry. We add this commitment to introduce high-quality projects with a committed and passionate team to solve the rooted problems in the conventional industry, as opportunities that deserve to be explored.

### Come and Join Mad’s Crypto Corner on:

| [Website](http://www.madscrypto.com/) | [Link3](https://link3.to/madscrypto/) | Telegrams: [Group](https://madscryptocorner/) & [Channel](https://t.me/MadsCryptoCrnr) | [Twitter](https://twitter.com/MadsCrypto_) | [Discord](https://discord.gg/zMNGByhezA) | [Medium](https://medium.com/@madscrypto.corner) | [Instagram](https://www.instagram.com/madscrypto/) | Binance: [Live](https://www.binance.me/en/live/u/28218130) & [Feed](https://bit.ly/MadsFeed) | [Huobi Live](https://www.huobi.ug/id-id/live/detail/h5?inviter_id=11351630&id=6677&invite_code=3d9z5223) | [Galxe](https://galxe.com/madscrypto/) |

Decentralized Finance (DeFi) has become one of the many industry segmentations that come from blockchain and crypto technology. DeFi makes financial products more accessible, inclusive, and easier for many users to reach and use. The nature of blockchain and crypto technology bring financial product

Mad's Crypto Partnership with Sphynx Labs

***Earn free crypto by participating in Link3 events! Set up your Link3 profile, explore events, and claim W3ST as your proof of participation.***

In today's digital world, social media platforms are vital for connecting with web3 projects and communities, but often, we end up feeling like mere spectators. While we can interact through likes, comments, and shares, these actions seldom translate into real impact or recognition. Web3 projects are different; they rely heavily on active community involvement. Traditional social media doesn't quite capture the essence of this engagement, lacking in ways to truly acknowledge and reward our contributions. This gap highlights the need for platforms that not only connect us but also value and reward our efforts. Web3 promises just that — a space where every contribution is meaningful and appreciated.

At Link3, your involvement and engagement in digital events is rewarded. And that’s why we've made it simple for you to find and participate in events hosted by top projects in crypto.

Imagine attending a Discord AMA or X Space not only for the valuable insights and connections they offer but also for the chance to earn some free crypto as a reward for your participation. Link3 makes this a reality by allowing users to reap the benefits of their community engagement and become active participants in the Web3 ecosystem.

So, let's explore the exciting ways you can engage with Link3 events and maximize your potential of earning some crypto rewards.

## Setting Up Your Account on Link3

To get started, create your Link3 profile. This process is easy and can be completed in a few clicks:

**1. Create a CyberAccount**

- Head over to the [Link3.to](https://link3.to/) homepage.

- Look for the 'Connect Wallet' button in the top right corner and click on it. This will show a list of wallet options. If you don't have a wallet yet, find one that's available in your region [here](https://ethereum.org/en/wallets/find-wallet/).

- Select your wallet provider. A pop-up from your wallet will ask for confirmation to establish the connection with Link3.

**2. Proceed to Link3 Settings**

- After successfully connecting your wallet, it's time to ensure that your profile settings are configured correctly.

- Go to your Link3 profile settings. Here, you'll need to link your X and Discord accounts. This step is crucial for participating in Link3 events. Without linking these accounts, you won't be able to join events. This way, we make sure that only genuine and active participants are rewarded.

**Minting Your CyberID (Optional but Useful)**

Minting a CyberID isn't a must to participate in events, but it's a good idea. CyberID is your unique handle on Link3, just like your username on X or Instagram. Moreover, if you want your own Link3 profile, you'll need a CyberID. You can still participate in events without a CyberID, but to show off your W3ST status tokens (more on that later), you'll need a profile page with your CyberID handle. Here’s [everything you need to know about CyberID](https://link3.to/cyberconnect/post/c277cf2c71a4840e88966fcee11a07c9c521b9688b06042e5c1f7860eafe0fd1) and how to mint yours.

That's it! If you've connected your X and Discord accounts to your Link3, you can explore and participate in events. In the next section, we'll guide you through how to find and join these events to start earning your rewards.

## Discover Events and Earn Rewards for Participating

Now that your Link3 profile is all set up, you're ready to dive into the exciting part: participating in events and earning rewards. Here's how to get started:

**1. Discovering Link3 Events**

- By selecting the "Events" tab from the navigation bar, you can check out a wide range of events hosted on Link3. When you click on this tab, you will be given the option to choose between two main options: Explore and All Events.

- You'll find a carefully curated selection of featured events on the 'Explore' page. These events highlight some of the most exciting and rewarding community engagement opportunities available on Link3.

- On the 'All Events' page, you can further narrow down your search and find events using the filtering options based on categories like "Trending," "Upcoming," or "Newly Added." This way, you can discover events that match your interests and reward goals.

Each event listing provides a brief overview, including the event title, description, date and time, and the rewards on offer. To dive deeper into a particular event, click on its listing. There, you'll find all the details, including speaker information and the eligibility criteria for earning rewards.

**2. Earning Rewards**

Link3 offers two main types of rewards to encourage and incentivize user participation:

- **W3ST:** Event organizers award W3ST (Web3 Status Token pronounced as west) to participants who meet eligibility requirements. These ERC-721 NFTs serve as digital proof of attendance to signify your active participation and engagement in Link3 events.

- **Raffle Rewards:** In addition to W3ST tokens, some events offer extra raffle rewards in the form of crypto tokens.

*Note: Remember that not every event includes raffle rewards. So, if you're specifically interested in events offering free crypto, use filters to narrow down your search to only those with raffle rewards.*

**3. Claiming Your Rewards**

- To enter a raffle, follow the steps set by the event creators. This usually involves tweeting the event link before it starts, following an X account, liking/retweeting a tweet, and attending the event. Typically, participants are required to stay for a set amount of time, like 5, 10, or 15 minutes, to be eligible.

- Some events offer both raffle rewards and W3ST tokens, and the criteria for each may differ. So, be sure to complete all steps to qualify for both types of rewards.

- If you're chosen as a raffle winner, you'll receive the promised crypto reward directly in your wallet for participating in the event. As for the W3ST tokens, you can claim them after the event is over. Just keep in mind that claiming W3ST might require paying a gas fee.

So, what are you waiting for? Link3 has hosted over 14k events by over 2,500 top projects in crypto. Join today and reap the rewards of your community engagement!

## FAQ

**1. Can I link multiple social media accounts to my Link3 profile?**

Yes, you can link multiple social media accounts to your Link3 profile. Currently, you can link your X and Discord accounts.

**2. How are winners chosen for the crypto rewards in raffles?**

Once the raffle is complete, Link3 will randomly select winners from the list of eligible participants. Winners will be announced on the event page, and the crypto rewards will be distributed directly to their wallets.

**3. How is my participation in events and raffles verified?**

Your participation in events and raffles is automatically monitored by Link3 on X and Discord. These bots track your attendance, posts, and other actions to ensure that you meet the eligibility criteria for rewards.

**4. How can I track my participation and rewards on Link3?**

To track your participation and rewards, make sure your wallet is connected to Link3. Then, click on your profile picture in the top right corner to access the drop-down menu. Select "W3ST" to see tokens available to claim and participation history.

**About CyberConnect**

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels. [Messari](https://link3.to/messari), [Rarible](https://link3.to/rarible), [1inch](https://link3.to/1inch), [BNB Chain](https://link3.to/bnbchain), along with 2,900 projects and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnecthq) | [Telegram](https://t.me/CyberConnect)

Earn free crypto by participating in Link3 events! Set up your Link3 profile, explore events, and claim W3ST as your proof of participation. In today's digital world, social media platforms are vital for connecting with web3 projects and communities, but often, we end up feeling like mere spectator

How to Engage with Link3 Events to Earn Free Crypto & Rewards 

*DeFi insurance has emerged as a major risk management solution in decentralized finance. DeFi insurance enhances the security framework of DeFi protocols, offering increased protection for their users.*

### Key takeaways:

- DeFi insurance includes collective funding for insurance pools and decentralized claim assessments, with options like upfront payments and using LP tokens as collateral. Staking-based insurance also emerges as a significant model, offering coverage in exchange for staked tokens.

- DeFi insurance covers a range of risks, from protocol vulnerabilities and stablecoin depegging to yield token value fluctuations and risks associated with staking.

- While DeFi insurance reduces fraud, automates claims and offers transparency and customization, it faces challenges in adoption rates, regulation and liquidity management.

Hacks and exploits occuring in the DeFi space highlight a need for effective risk management. DeFi insurance protocols aim to address these concerns by protecting users against specific risks, including protocol vulnerabilities, fraudulent schemes, market fluctuations and potential project collapses.

### What is DeFi insurance?

DeFi insurance, also known as DeFi cover, includes a range of products designed to protect users from potential losses within DeFi. Unlike traditional insurance, which protects against losses arising from custodian mismanagement, DeFi insurance primarily focuses on mitigating risks associated with technological vulnerabilities and protocol exploitation.

### How DeFi insurance works

At the core of DeFi insurance protocols usually lies a model enabling the collective funding of insurance pools and decentralized assessment of insurance claims. Providers to these pools deposit funds to form a reserve that covers potential losses.  Certain protocols require a single upfront payment, while others accept LP tokens as collateral and forgo additional fees. In the event of a covered incident, such as a protocol hack, affected users are compensated from these pools. Additionally, users can accrue yield on their funds locked in the pool.

Another model is staking-based insurance, where users lock up tokens in exchange for coverage, simultaneously securing the protocol and providing a source of funds for potential payouts. Members with risk and pricing expertise can manage staked assets, underwrite risks and earn fees.

### Verifying сlaims

The process of claim verification in DeFi insurance varies across protocols. It can involve a decentralized decision-making model combining community voting and advisory board assessments. Some protocols use decentralized autonomous organizations (DAOs), where contributors vote on claims, while others employ oracles for automated claim verification.

### Most common types of DeFi insurance 

**Protocol cover/hacks and failures**. This type of DeFi insurance offers protection against losses from smart contract exploits, economic design failures or governance attacks. It's crucial to note that while this cover typically includes protection against hacks and code failures, it may exclude certain risks. Common exclusions are phishing attacks, malware, secret key theft and rug pulls. Additionally, some protocols may exclude oracle failures or front-end hacks.

**Stablecoin depeg cover**. This offers protection against losses from a stablecoin's significant deviation from its pegged value. In the event of a stablecoin losing its peg to a target fiat currency, this insurance coverage compensates for the shortfall, protecting a user's investment from this specific type of volatility.

**Yield token cover**. This coverage is designed for yield-bearing tokens, such as LP tokens, which generate returns when a user deposits or lends the underlying asset. The cover safeguards against losses caused by significant deviations in the token’s market value compared to the underlying asset's value, which can occur due to various market dynamics or protocol failures.

**Staking insurance**. This insurance covers events such as hacks, smart contract failures and notably, slashing. In slashing, which is a major risk in PoS systems, validators are penalized for inactivity or malicious actions by losing a portion of their staked tokens. Staking insurance offers a safeguard against these losses, providing an added layer of security for participants in staking activities.

### Benefits of DeFi cover

- **Fraud reduction.** The decentralized nature of DeFi insurance makes it less susceptible to fraudulent claims, as human intervention in the claim assessment process is minimized.
- **Automation**. Smart contract technology enables automated claim payments, increasing efficiency.
- **Transparency**. Blockchain technology ensures the transparency of insurance pools and claim settlements, fostering trust among users.
- **Customization**. DeFi insurance products offer a high degree of customization, allowing users to tailor their coverage to specific risks.

### Challenges of DeFi cover

- **Adoption rates**. Adoption is still in its infancy, impacting the effectiveness of pooled resources.
- **Regulatory uncertainty**. The regulatory landscape surrounding DeFi insurance remains unclear, potentially hindering its wider adoption.
- **Liquidity management**. Effective management of insurance pools is crucial to ensure sufficient funds are available to cover potential losses.

### Conclusions

By leveraging the power of blockchain technology and community-driven governance, DeFi insurance protocols offer a promising solution to mitigate risks and enhance the security of DeFi transactions. As the DeFi ecosystem matures and regulatory clarity emerges, DeFi insurance is poised to play an increasingly pivotal role in fostering trust and wider adoption of decentralized financial services.

DeFi insurance has emerged as a major risk management solution in decentralized finance. DeFi insurance enhances the security framework of DeFi protocols, offering increased protection for their users. Key takeaways: DeFi insurance includes collective funding for insurance pools and decentralized

DeFi protocols: mitigating risks with insurance

It’s time for the moment we’ve all been waiting for.

Getting to this point has been a long and adventurous journey (as it should be, otherwise, it won’t be fun). However, it was a million times easier because we had you - our dedicated community of earliest supporters.

When we launched [CyberConnect](https://cyber.co/) and set forth on our mission to empower users to create long-lasting on-chain connections through the power of web3, we knew that bootstrapping a network from the ground up is no easy feat. But we knew it had to be done. It’s the honor of a lifetime for our team to be on this journey with you and build a better social networking future together.

For believing in us, in our mission, and coming aboard this journey as the earliest adopter, we are thrilled to introduce [CyberConnect Community Rewards: Season 1.](https://cyber.co/rewards)

Here are the specific guidelines👇🏼

### **Timeline**

**✧** You can now visit [cyber.co](https://cyber.co/) to check your eligibility (more details below) and allocation of CYBER, CyberConnect protocol’s native utility & governance token.

**✧** Community Rewards will be available for claiming on **August 15, 2023, at 12 PM UTC.**

**✧** Rewards will be available for **30 days**, after which all unclaimed CYBER will be transferred to the community treasury.

### **Eligibility**

Holders of the following are eligible for claiming rewards in Season 1:

✧ Mystery Box ([ETH](https://etherscan.io/address/0xce4f341622340d56e397740d325fd357e62b91cb), [BNB](https://bscscan.com/address/0xcadc6c364e8fcad0f382fddfd6ff5b41d82eb3e4))

✧ The Shards ([ETH](https://etherscan.io/address/0xd9c225efcc4162173a7369a14fd559de4e4aadae), [BNB](https://bscscan.com/address/0xf1d9a02674a7a45dc4d5cdd5da330f6a989f77d5))

✧ Mini Shards ([BNB](https://bscscan.com/address/0x1bc274c3b3b24cef54d01aeeb9ffc73ac0b68936), [Polygon](https://polygonscan.com/token/0x49253c64e6fa46d299177b8a94ae49d2f82c5c95#balances))

✧ W3ST

✧ [CyberProfile Early Adopter NFT](https://bscscan.com/token/0xdFf431165c232090ab28B476b5f7F3995c84CF7C)

✧ CyberProfile Premium Handle (11 Characters or Lower)

### Distribution

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/e2405f559cb20a4a)![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/672bf94dffc10677)
**Please Note:**

**✧** All unclaimed Mystery Boxes & Mini Shards have been automatically transferred to winners. This includes the Mini Shards on Polygon earned during [CyberTrek](https://link3.to/cybertrek).

**✧** CyberConnect FanClub Week #21 Raffle rewards that included 30 Mystery Boxes & 16,500 Mini Shards have also been already sent to the winners.

**✧** Whitelisted users for CyberTrek have already received an additional Mini Shard on top of the standard reward of 2 Mini Shards, totaling 3 Mini Shards.

**✧** 630 Mystery Boxes have been distributed to our amazing community contributors, who are grouped across three tiers based on their level of contribution. The three tiers are as follows:

✦ **Tier 1 (Reward: 15 Mystery Boxes)**

- Have Cyber Guardian or above role in Discord

✦ **Tier 2 (Reward: 5 Mystery Boxes)**

Contributor must meet at least two of the following criteria: 

- Have Doorman or above role in Discord
- Earned 500+ points on Dework
- 2000+ chat messages on discord

✦ **Tier 3 (Reward: 1 Mystery Box)**

Contributor must meet at least two of the following criteria: 

- Have a community contributor role on Discord (mail-boy, ambassadors, contributors, designers, content creators).
- Have been active on Dework in the last three months.
- Have been active on Discord in the last three months.
- Have contributed at least once through local marketing, merch design, merch production, etc.

Finally, if the contributor has already claimed more Mystery Boxes from earlier distribution, they will not be eligible for additional rewards. For example, Bob has claimed 6 Mystery Boxes from earlier campaigns but also qualified for Tier 2. They will not receive additional Mystery Boxes in this season of Community Rewards.

### **How to Claim**

Community Rewards: Season 1 is the first rewards program on **Optimism** with account abstraction. 

Please note:

**✧** CYBER can only be claimed by your CyberAccount. Each CyberConnect is owned and managed by your Externally Owned Account (EOA) wallet, like MetaMask. To learn more about CyberAccount, read this [blog](https://link3.to/cyberconnect/post/2e0c673ccbc2e07af0f17ebbf54fe5db23322626fc5e2ef1ea6ab4d91c61ba1d).

**✧** Your total rewards allocation is calculated by combining eligible NFTs in your CyberAccount and your EOA wallet used to interact with CyberConnect protocol. For example, Mini Shard claimed on Polygon with your CyberAccount + Mini Shard won through FanClub on Link3.

**✧** A Merkle Tree for the Community Rewards: Season 1 will be deployed on chain.

**✧** To claim, your CyberAccount must first be deployed on Optimism and have gas to execute the transaction. If you have not deployed your CyberAccount on Optimism yet, you can do so on the [rewards page](https://cyber.co/rewards).

**✧** If you’re a multi-sig smart contract account holder holding the eligible NFTs, please create a ticket on our [Discord](https://discord.gg/cyberconnect) to get in touch with. 

***Finally, we have identified a few Sybil accounts attempting to game the Community Rewards program. They have been excluded from this program. We will continue to monitor for suspicious activity.***

### **What’s Next**

Community Rewards: Season 1 is just the beginning.

Season 2 is already underway and a new [CyberPoints](https://) system has been introduced to your CyberAccount. Moving forward all user activity and CyberPoints will be considered for future seasons of Community Rewards.

## About CyberConnect

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels. Messari, Rarible, 1inch, and BNB Chain, along with 2,500 projects, and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

**Join CyberConnect Community**

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnect) | [Telegram](https://t.me/CyberConnect)

It’s time for the moment we’ve all been waiting for. Getting to this point has been a long and adventurous journey (as it should be, otherwise, it won’t be fun). However, it was a million times easier because we had you - our dedicated community of earliest supporters. When we launched Cyber

CyberConnect Community Rewards: Season 1

Last month, [we introduced CyberID](https://link3.to/cyberconnect/post/94e7b558022376aff30fabe6c8ed07be82b6ffdf6bd2c6665cdd054dc54b4da0), a web3-native digital social identity solution. One’s digital identity carries many aspects that reflect our personas in the real world. At CyberConnect, we like to think of identity in the context of your friendships, interactions, and transactions in a world powered by blockchains. CyberID’s web3-native design makes the complex world of blockchain-based applications safer and easier to navigate. The core mandate of CyberID and your *.cyber* handle is not only to give you access to the CyberConnect ecosystem but to help you represent and differentiate yourself in web3.

Since its launch, almost [70k unique handles](https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account) have been claimed. The response from our community to CyberID has been overwhelmingly positive, and we’re deeply humbled by this enthusiasm, particularly from new users who are eager to explore and mint their own CyberID.

So, let’s jump in and get you the only web3 identity you’ll ever need.

### **Why CyberID?**

Our digital persona is the product of all of the information that exists about us online, such as our content, connections, and engagements. When our digital identities are fragmented across different platforms, there is no single place where all this information can be seen together. That’s why our digital identities in the traditional social media world often feel like a puzzle, with different platforms holding different pieces of our interactions. We post updates on Facebook, share real-time thoughts on Twitter, highlight our professional achievements or milestones on LinkedIn, and keep a visual journal of our lives on Instagram. But all these services and applications operate in their own isolated universes (or walled gardens), resulting in fragmented interactions. This can make it difficult to get a complete picture of our digital persona, and it can also be challenging to manage our own online interactions across multiple platforms and services. This necessitates a unified, self-sovereign, and decentralized identity that transcends the limitations of traditional tech giants. CyberID provides a solution to this.

Each CyberID is a tradeable ERC-721 NFT representing your social identity in web3. It acts as an alias for your various blockchain addresses, providing a simplified, human-readable handle instead of a string of alphanumeric characters — much like your username on Instagram or Twitter. CyberID makes the experience of navigating through the web3 space seamless by mitigating the complexities of managing multiple addresses on different blockchains. In simpler terms, CyberID is a way to create a single, unified identity for yourself on the blockchain. 

### How to mint your CyberID

Each CyberID is available on a demand-based one-time payment model. For a limited period, we’re offering 100% cash back on your handle purchase amount in the form of gas credit (SmartGas) to your CyberAccount.

The cost of minting your CyberID is determined by the handle length you select. Shorter and more distinctive handles incur a higher price. For example, if your chosen CyberID is **tom.cyber**, which is 3 characters long, the fee would be $1000. Each character you add or remove adjusts the fee, allowing you to choose a CyberID that fits your persona and budget.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/dd3f06d170d0a2d7)Follow these simple steps to mint your CyberID:

**Step 1:** Create a CyberAccount (skip if you already have one)

- Visit [wallet.cyber.co](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity), and you’ll be prompted to connect your EOA wallet, such as MetaMask.

- To initiate the connection, click on the 'Connect' button. This will bring up a list of compatible wallets. If you don’t have a wallet yet, find one that is available in your region [here](https://ethereum.org/en/wallets/find-wallet/).

- Select your wallet provider. A pop-up from your wallet will ask for confirmation to establish the connection with [wallet.cyber.co](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity).

**Step 2:** Proceed to Mint Your CyberID

- Once your EOA wallet is successfully connected, locate the 'CyberID' tab on the left-hand sidebar. This will direct you to the CyberID minting page.

- A menu will appear with two options: ‘Mint’ and ‘Claim.’ Make sure you select the ‘Mint’ option to create a new CyberID. If you previously held a CyberProfile (now deprecated), you can ‘claim’ your previous handle.

**Step 3:** Choose your unique CyberID handle

- Enter your desired CyberID handle, which will be displayed as [your handle].cyber. For example, if you choose the handle ‘tom,’ your CyberID will be displayed as tom.cyber.

- Review the minting fee, which will be automatically calculated based on the length of your chosen CyberID handle. This fee will be displayed in USD and payable in ETH on the OP Mainnet network.

*Note: Before proceeding, double-check that your signer wallet has enough ETH to cover the minting fee. Remember, this transaction occurs on the OP Mainnet, so that’s where your funds need to be.*

[Mint your CyberID](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity) now and join the CyberConnect community in shaping the future of social connections on the blockchain. If you need help or are having difficulty minting your CyberID, please contact us via Discord, and we'd be happy to assist you!


**About CyberConnect**

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels.[ Messari](https://link3.to/messari),[ Rarible](https://link3.to/rarible),[ 1inch](https://link3.to/1inch),[ BNB Chain](https://link3.to/bnbchain), along with 2,600 projects and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnecthq) | [Telegram](https://t.me/CyberConnect)

Last month, we introduced CyberID, a web3-native digital social identity solution. One’s digital identity carries many aspects that reflect our personas in the real world. At CyberConnect, we like to think of identity in the context of your friendships, interactions, and transactions in a world po

What is CyberID and How to Mint Yours

The success of an NFT project isn't solely determined by the quality of the digital artwork or the ingenuity of its underlying technology. It's also fueled by the vibrant and active community that surrounds it. These communities are not simply passive observers cheering from the sidelines. They're the lifeblood of the project, actively shaping its trajectory with their enthusiasm, insights, and unwavering support.

Imagine a bustling marketplace where passionate collectors eagerly await the next big drop, their conversations buzzing with anticipation and analysis. This isn't some fictional scene. It's the reality of NFT communities, where members are not just consumers but also creators. They generate content, provide feedback, and even influence the project's roadmap.

That's why NFT projects often turn to social media platforms to engage with their communities. But while these traditional platforms have their strengths in bringing creators and collectors together and generating buzz, they often fall short in their ability to authentically recognize and reward community engagement.

This gap highlights the need for platforms that empower NFT projects to recognize and reward community engagement in ways that surpass the limitations of traditional social media. At Link3, we help brands get the most out of their community events, enabling them to reward engagement with [NFT badges and crypto incentives](https://link3.to/link3/post/77acdecde8eac55f0a75b9a83b1ded8dfc4025c55a00d53d5db12f83efc45ea9).

So, let's explore how NFT projects can use Link3 events to host online meetups and mint parties to engage and reward their communities.

## Overview of Link3 Events

![img](https://link3-image.cyberconnect.dev/b90b5e49-9e7f-48ae-850a-ce2664bfec4a/postImageFolder/54a1230fa6ddae49)

Link3 Events revolutionizes how you organize your Web3 events, simplifying the process from setup to execution. Whether you're planning an NFT project AMA, a mint party, or a community meetup, Link3’s events feature provides a user-friendly interface that streamlines event management tasks.

The platform equips organizers with valuable insights into event performance, enabling them to track engagement metrics and make data-driven decisions. This way, you can ensure that your events are not only well-attended but also interactive and engaging.

True to the spirit of Web3, Link3 Events incorporates NFTs, SBTs, and crypto rewards to recognize and incentivize attendees. This strategy aligns with the decentralized ethos of Web3, where community members are encouraged and rewarded for their engagement.

**Some of the key features of Link3 events:**

- Create visually appealing posters for your events effortlessly. These posters can be customized to reflect the unique style and branding of your NFT project.

- Reward your community members uniquely by designing and issuing W3ST (Web3 Status Token, pronounced as ‘west’) tokens. These tokens serve as non-transferable badges of recognition, providing attendees with proof of participation in your events.

- Monitor and track engagement on your events on popular platforms like Discord and Twitter, ensuring that every interaction is recognized and can be rewarded accordingly.

- Boost traffic and engagement during your events with the built-in raffle generator to distribute crypto rewards. This encourages more participation and interaction from the community.

- See post-event analytics. This data is crucial for tailoring your future events and strategies to better match your audience's interests.

## How to Create a Link3 Event

![img](https://link3-image.cyberconnect.dev/b90b5e49-9e7f-48ae-850a-ce2664bfec4a/postImageFolder/a2fcf137e1963c8b)It takes only a few clicks to create a Link3 event. First up, get yourself an ‘org’ profile on the platform. Either create a new Org profile or select the existing one. Set up your event easily with this simple guide:

**1. Create Event Poster**

- Link3 automatically generates a poster based on the information you provide. This ensures a professional and consistent look for all your event communications.

- You have the option to personalize your event poster. Choose from various templates like Standard, Highlight W3ST badge, or highlight guests. Select a background image that best fits your event’s theme. Once you’re satisfied with the design, click ‘Save’ to finalize your poster.

**2. Add Event Information**

- Start by entering the name of your event and choose where the event will take place - either on Discord or X.

- For Discord: Add the Link3 Discord bot to your server to monitor participant activities. Specify which Voice or Stage channel the event will occur in. If the bot isn’t added to a channel in your Discord server, follow the on-screen instructions to set it up.

- For X: Link3 will automatically monitor activities on your X Space. You can select from your organization's upcoming Twitter Spaces, refresh to update the list, or manually paste a link to a Twitter Space.

**3. Schedule Your Event**

- Select the date and time for your event. The system uses your default time zone, but you can change this as needed.

- Set how long your event will last, up to a maximum of 10 hours.

**4. Add Speaker Information**

- Add details about the speakers at your event. You can add multiple speakers to provide attendees with a diverse and enriching experience. Each speaker's Link3 profile will automatically be linked for easy access to their background and work. In cases where a speaker doesn't have a Link3 profile, the system will point to the speaker’s Twitter profile, ensuring attendees have the necessary information about the speakers.

**5. Set Event Discoverability**

- Public: Your event will be visible to everyone on the Explore page.

- Public to My Followers: The event won’t appear on the Explore page but will be visible to your Link3 profile followers under the 'My Following' tab.

- Private: Access to your event will be restricted to those who have the event page link.

## **Optional Event Settings**

You can use additional optional settings that cater to specific aspects of your event. Here’s how you can configure these:

**1. Set the Event Language**

- Choose the primary language that will be used during your event. This helps in setting clear expectations for your attendees and ensures effective communication. Additionally, selecting the appropriate language makes it easier for potential attendees to find your events on the explore page, enhancing discoverability and reach.

**2. Select Topic Tags**

- You have the option to choose up to three topic tags that best describe your event. This is a great way to categorize your event and make it more discoverable to interested participants.

**3. Provide Event Details**

- Here's where you can share what your event is about. Include an agenda or any important highlights that attendees should know. This section is crucial for giving potential attendees a clear understanding of what to expect.

**4. Add an Event Recap (Post-Event)**

- After your event ends, you can add a recap. This could include key takeaways, major announcements, or a summary of what transpired. The recap will be displayed on the event page and is a valuable resource for those who couldn’t attend or wish to revisit the highlights of the event.

## **Web3 Status Token (W3ST) Settings**

**1. Activate W3ST Issuance**

- Toggle the slider button to enable the issuance of the Web3 Status Token (W3ST). Events with W3ST typically see a 65.6% increase in participation compared to those without.

**2. Customize the badge you wish to issue**

- Adjust the letter spacing and add text to the badge.

- Choose the shape, layout, and background for your W3ST badge.

- Click ‘Save’ once you’re satisfied with the design.

**3. Choose Network**

- Currently, the system allows you to choose the blockchain network of your preference for issuing the W3ST.

**4. Set Requirements for Claiming W3ST**

- Determine the minimum participation time required for claiming the token. For example, you might require attendees to stay for at least 15 minutes in the event.

- Optionally, you can require participants to follow your organization’s Link3 profile. This can help in keeping your followers informed about upcoming events.

**5. Deploy Token Contract**

- Once all settings are in place, click ‘Deploy token contract’ to finalize the issuance of your W3ST.

## Post-Event: Analytics

That’s it! Now that you've set up your event on Link3, the platform takes over with its robust analytics tools. You can track various aspects of your event's performance through the Event Page analytics. This includes:

- Page Views: Monitor the number of views your event page receives over specific dates. Watch as the interest in your event grows day by day, helping you gauge the effectiveness of your promotional efforts.

- Geo Location: Understand the geographical distribution of your audience. This feature will provide valuable insights into where your attendees are coming from.

- Sources: See which platforms are driving traffic to your event. Whether it's Twitter, Facebook, Instagram, Mirror, or other sources, you’ll have a clear picture of which channels are most effective in promoting your event.

- User Analytics: Dive into detailed analytics about your attendees like registrants, listeners, W3ST holders, raffle participants and winners. This comprehensive data will help you tailor your future events to better suit your audience's preferences and behaviors.

## **FAQ**

**1. Can I customize the appearance of my event page on Link3?**

Yes, Link3 allows you to create and customize your event poster, ensuring it aligns with your organization's branding and style.

**2. How does Link3 track and improve event participation?**

Link3 provides detailed analytics like page views, geo-location data, and sources of traffic, allowing you to understand and enhance attendee engagement.

**3. What is W3ST?**

Event organizers award W3ST to participants who meet eligibility requirements. These ERC-721 NFTs serve as digital proof of attendance to signify their active participation and engagement in Link3 events.

**4. How can I add a recap or summary post-event?**

After your event ends, you have the option to add a recap that will be displayed on the event page for attendees and others interested.

**5. What is the maximum duration for a Link3 event?**

Events on Link3 can be scheduled for up to 10 hours, providing ample time for comprehensive and engaging activities.

The success of an NFT project isn't solely determined by the quality of the digital artwork or the ingenuity of its underlying technology. It's also fueled by the vibrant and active community that surrounds it. These communities are not simply passive observers cheering from the sidelines. They're t