Stars Arena, the new favorite of the SocialFi craze, attracted great attention from investors, while the Avalanche network and AVAX price revived.
Coinbase base in the network FriendTech prominent with its platform SocialFi The craze has moved to the Avalanche network. The platform, which was launched at the end of September under the name Stars Arena areya and operates on the Avalanche network. Web2 style social media platform Web3 It operates like the version and offers its users various earnings offers opportunities.
Especially with the interest experienced in the first days, many users viewed the profiles of other users as if they were a stock by buying and selling like Earnings up to tens of thousands of dollars got it.
AVAX price increased, activity on the network increased
With the intense interest shown in the platform AVAX C-Chain As transaction volume increases AVAX price is final 1 week in %11th He rose and threw away the dead soil on top of him.
According to data from on-chain analysis platform DeFiLlama, the total assets locked (TVL) also the value $1 million He climbed on it. DappRadar data is available via Star Arena in the last 24 hours. More than 100 thousand unique wallets He showed what he was doing.
According to data 4 October Number of transactions on the Avalanche network per day highest level of the last quarter the one which… to 577,000 reached.
Founder of Ava Labs Emin Gün Sirer Stars Arena profile became one of the most popular profiles. Average Rising to 100 AVAX valuation While writing my profile 52.9 AVAXIt finds buyers from .
on Stars Arena reference system And sharing by Profitable users added to their earnings by buying and selling the profiles of important names in the cryptocurrency community as if they were shares. Although there are users who discovered the platform early and earned high profits, with the increase in popularity invaded by bots Stars Arena in its early days high return your madness Looks like he left it behind.
How to use Stars Arena?
Every user with an X (formerly known as Twitter) account can register to Stars Arena for free. Users who want to deposit money to their accounts AVAX C-Chain by method AVAX deposit It is necessary. Shooting processes are the same. AVAX C-Chain It can be done via .
While users can earn money by sharing posts and interacting, just like on Twitter, they can also view other users’ profiles. Click on the “Buy” tab. You can buy it by clicking. Users who see a suitable investment opportunity can make a profit by buying and selling profile shares.
Stars Arena will airdrop
On the other hand, there is an interesting page in the menu section of Stars Arena stating that airdrops may be made in the coming period. The following statements are made about the airdrop, which proceeds through a scoring system:
Users will earn points by interacting with the platform and will be rewarded with airdrops based on the points they accumulate. Airdrop points will be distributed to users weekly starting from September 26, 2023. The airdrop amount distributed will be based on the total points accumulated by all users.
Is Stars Arena reliable?
As the popularity of the platform increases, a “phishing” warning attracted attention. The screen recently shared by social media users to the image according to Web3 wallet Metamask It was seen that the security detector marked Stars Arena as an unsafe site. Why Stars Arena is on Metamask objectionable site Although there are rumors that it has been marked as , there is no clarity yet.