Charlie Garcia
What is OpenLoop Network?
OpenLoop Network is a decentralized wireless platform that allows users to share their unused internet bandwidth. It establishes a distributed framework where participants can benefit financially from their extra bandwidth while also catering to the data processing requirements of artificial intelligence. By linking up unused bandwidth resources, OpenLoop creates a scalable network to meet the increasing needs of AI technologies and data operations.
The network functions via the OpenLoop Sentry Node Extension, which oversees bandwidth sharing and the distribution of rewards. Participants can engage by operating nodes and allocating their unutilized internet capacity, which builds a trustworthy network structure and provides opportunities to earn rewards.
OpenLoop Network airdrop Details
OpenLoop Network has initiated a point accumulation system through their browser extension. Users can garner points while sharing bandwidth in the background, which positions them for future token rewards. This airdrop is structured similarly to other bandwidth-sharing projects such as Grass Protocol, Nodepay, Kaisar, BlockMesh, and Dawn Network.
Earning potential can be boosted by acquiring node keys and engaging in the referral program. The platform provides multipliers based on the quantity of keys owned, thus facilitating greater reward accumulation.
How to Participate in the OpenLoop Airdrop
- Go to the OpenLoop website and set up an account
- Enter the referral code: oldaff7e33
- Provide your email, name, and password
- Navigate to your dashboard and link your wallet
- After signing in, click on “Link Wallet” in the upper right corner
- Connect your Solana wallet
- Download the OpenLoop Sentry Node Extension
- Get it from the Chrome Web Store
- Log in to the extension with your account details
Maximizing Your Rewards
Node Keys System
- Acquire node keys from the Node Validator section
- Keys remain permanently tied to your account
- A greater number of keys enhances your reward multiplier
Referral Program
- Find your unique referral code in the Referrals section
- Distribute your referral link to others
- Receive extra rewards for each new user you refer
Frequently Asked Questions
How does bandwidth sharing work?
The OpenLoop extension shares a minor portion of your unused bandwidth with the network securely, without diminishing your internet performance or jeopardizing personal data.
What affects reward earnings?
- Total number of owned node keys
- Duration of active bandwidth sharing
- Engagement in the referral program
- Quality of contribution to the network
Are there any requirements for participation?
- A stable internet connection is necessary
- A compatible chrome-based web browser is needed
- You must have a Solana wallet
How are rewards distributed?
Points accumulate based on your contributions and any multipliers. These points eventually determine your eligibility for upcoming token rewards.
Security Considerations
OpenLoop Network employs Proof of Backhaul, Location, and Frequency methods to ensure network security. The extension operates with minimal impact on your device’s resources while facilitating secure bandwidth sharing.
The network is structured to safeguard user privacy while enabling effective bandwidth sharing and reward distribution.
Are you on the lookout for projects without a token yet that could potentially airdrop governance tokens to early users in the future? Then check out our compilation of possible retroactive airdrops so you don’t miss out on the next DeFi airdrop!
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