Phaver is the largest application on the Lens Protocol and also the largest external application on Farcaster. Currently, it has raised $7 million, led by Polygon Ventures, Nomad Capital, and others.

The total supply of Phaver tokens is 10 billion, with 3% of the tokens allocated for the first season Phairdrop. Points can be exchanged 1:1 for $SOCIAL, and the airdropped tokens are released 100% without lock-up.

1. Introduction

Currently, there is no snapshot for the project, and it is estimated that the token will be issued after the first season airdrop ends. Therefore, this is the last opportunity for airdrop before the token issuance. To qualify for the Phaver airdrop, you only need to meet three conditions (one fish, three eats):

• Bind Lens account
• Bind Farcaster account
• Phaver level greater than 2

Originally, it would take about 10 days to upgrade to level 2. With today’s tutorial, you only need 2 days to reach level 2. After reaching level 2, you can exchange points for airdrops. The higher the level, the higher the exchange ratio and the higher the level of the obtained NFT. For example, a level 5 user will receive a Phaver-Up NFT, which can be used in the Phaver second season airdrop (the second season will start only after the token issuance).

Required Hardware and Accounts: Mobile Phone (multiple accounts require multiple phones or cloud phones), Google Account (Hong Kong accounts cannot be used), IP (Hong Kong cannot be used), Overseas Apple ID (for iPhone users), MasterCard/Visa and other foreign credit cards (for registering Farcaster, cost of 5U).

• Difficulty: Face recognition (limited multiple accounts), Farcaster registration is difficult (can be skipped)

2. Basic Tutorial

(1) Download Phaver App

• Official website link: https://phaver.com
• Registration
• If you need to fill in an invitation code during registration, you can use mine: jiamigou, so we can both get an extra 1000 Phaver points.

Log in to the Farcaster website: https://phaver.com/
Log in to the Phaver website: https://phaver.com/

(2) Bind Lens Account (can be skipped)

This step can be done on a computer. The fees involved in this section and the third section are not charged by Farcaster; Farcaster is a free airdrop activity.

Step 1: Register Lens Account

If you have a Lens account, you can skip to step 2. If not, register one: http://lens.xyz (requires 8 Matic)

Step 2: Bind Lens Account

• Log in to the Farcaster website: https://phaver.com/
• Connect wallet

• Connect Lens
• Link wallet
• Bind

(3) Bind Farcaster Account (recommended to skip first, can be obtained for free after Phaver reaches level 2)

The following steps need to be done on a mobile device, and registering for Farcaster requires a fee of 5U.

Step 1: Search for Warpcast in the app store and download

• After downloading, click Create account to register a new account (Hong Kong ID cannot register, it is recommended to use a US account)
• Write down the mnemonic phrase
• Enter email, verify (Hong Kong ID cannot register)
• Pay 5U (credit card can be used for payment, Hong Kong ID cannot pay)

For more tutorials on Farcaster, please check:

https://x.com/BTW0205/status/1793594697887502743

Step 2: Bind Farcaster Account

• Open Phaver APP
• Follow the steps below

(4) Let Phaver Quickly Reach Level 2

It is recommended that new users first mint an anima SBT for free, which can directly reach level 2 after one day;

Related website: https://reputation.anima.io/

• Connect wallet
• Click Claim your NFT
• Click Start

• Face verification

• Click Claim NFT

After completing the above steps, you can reach level 2 the next day. After reaching level 2, you can obtain Lens and Farcaster IDs for free.

If your points haven't reached level 2, you can click on the level in the Phaver APP, complete various tasks to increase your points, and then upgrade to level 2.

Final Thoughts

Crypto dogs are an "empowerment" account, and will not just provide a cold tutorial; more importantly, it aims to help everyone acquire money-making strategies, so there will be many clever operations.

Regarding the Phaver token $social, the first batch of airdrop is 3%, with no lock-up. It is conservatively estimated that there are 500 million to 1.5 billion tokens circulating in the market, and based on a market cap of 30 million (a comparison table of airdrop earnings at various market cap stages is provided below), the estimated launch price of $social is between 0.02 and 0.06.

During the first quarter, users can receive up to 100,000 $SOCIAL, equivalent to 2000-6000U per single account. The earnings per account can still be good, but only NFT whales might be able to obtain them. The supported NFTs are as follows:

https://phaver.gitbook.io/phaver-help-center/managing-your-profile/supported-nft-list-ongoing

The above is for whale mode, so what should low-income users do?

(1) Single Account, Low-Income Account Earnings Estimate

Most users can reach level 3, so let’s consider level 3 as the low-income user. If only at level 3, the exchange ratio of Phaver Points to tokens $SOCIAL is 40%.

The following chart is just a conversion example; in reality, an account can earn more than 1000 points. The point rules are as follows:

https://phaver.gitbook.io/whitepaper-phaver/whitepaper-phaver/tokenomics/phaver-points-off-chain

If we earn 6000 points with a single account, and the market cap is calculated at 30 million, the earnings are as follows:

• Level 2 users can obtain 1200 tokens, worth 24-72U
• Level 3 users can obtain 2400 tokens, worth 48-144U
• Level 4 users can obtain 3600 tokens, worth 72-216U
• Level 5 users can obtain 6000 tokens, worth 120-360U

Given the current high popularity, the market cap may vary, so we calculate the earnings per account at market caps of 30 million, 50 million, 100 million, 300 million, and 500 million, as shown in the comparison table below:

From the comparison table, it can be seen that low-income accounts, with low-income points, can still earn 8-400U per account.

The above is an idealized state and does not consider the following factors:

• Level 5 user points may not be particularly accurate;
• The total amount of token release may exceed 500-1.5 billion;
• The initial market value of the token is unknown if it is 30 million U;
• Only the earnings from zero-cost are calculated, without considering the costs of Lens and Farcaster accounts;

(2) Multiple Account Strategy

Any airdrop project can have multiple accounts, but Phaver involves face recognition, and the resources each person can mobilize are limited. Assuming one person can mobilize 20 KYC accounts, we can open 20 accounts.

All in low-income mode, assuming 6000 points, with a market cap of 30 million, the earnings are as follows:

• Level 2 users can obtain 1200 tokens per account, worth 24-72U, total earnings 480-1440U;
• Level 3 users can obtain 2400 tokens per account, worth 48-144U, total earnings 960-2880U;
• Level 4 users can obtain 3600 tokens per account, worth 72-216U, total earnings 1440-4320U;

The above is an estimate of airdrop earnings before the token issuance. Please refer to the market for specifics, and avoid bulk purchasing high-priced NFTs to prevent being countered.