Earning Roam Points is at the heart of the Roam ecosystem, providing users with multiple ways to engage and earn rewards. These points can be used for various purposes, but most importantly, they can be burned for $ROAM tokens after the Token Generation Event (TGE). Whether you’re new to Roam or a dedicated miner, validator, or NFT owner, there’s a burning pool tailored just for you. In this article, we’ll explore the three burning pools and how you can make the most of them.
What is a Burning Pool?
A burning pool is a unique feature in the Roam ecosystem that allows users to convert their Roam Points into $ROAM tokens by burning them. When points are burned, they are permanently removed from circulation, and in return, users receive $ROAM tokens based on the conversion rate during each cycle. You can choose to burn all your points at once or spread them across several cycles, depending on your strategy.
The conversion rate is dynamic, and determined by the total number of points being burned and tokens generated in a specific timeframe. This means that the rate can vary — burning points at the right moment could yield higher returns, and vice versa. For instance, if 2,400 tokens are generated and you are the only one who is burning points, you’ll receive all 2,400 tokens. But if 10,000 people join the pool and each burns one point, you would receive 0.24 tokens per point.
Burning pools play a crucial role in maintaining the scarcity and value of $ROAM tokens. This system creates a dynamic environment where users are rewarded for their contributions. Roam offers three distinct burning pools: the General Pool, the Miner Pool, and the Validator Pool. These pools will be available on the Roam app before the TGE, and users can start burning Roam Points once the tokens launch.
1. General Burning Pool
The General Pool is the most accessible of Roam’s burning pools, welcoming all users to participate. You can join by burning points earned from special events, daily bonus points, or everyday activities such as Checking-In, adding new WiFi spots, referring friends, and more.
This pool is ideal for anyone looking to get involved in the Roam ecosystem and begin earning rewards through their active participation.
2. Miner Burning Pool
The Miner Pool is exclusively for miner owners, including the OG Miner and Rainier MAX60 miner. Only points gained through mining activities can be burned in this pool. With its smaller, exclusive user base, the Miner Pool will be less crowded than the General Pool, which could result in a higher conversion rate.
Furthermore, people who purchase the Rainier MAX60 and activate the miner before the TGE will be eligible for the $ROAM token airdrop, with up to 20 million tokens set for distribution. This offers miners a valuable opportunity to earn $ROAM tokens and achieve a significant return on investment (ROI).
The Rainier MAX60 can be purchased on the official Roam website: https://shop.weroam.xyz/product/roam-rainier-max60/
3. Validator Burning Pool
The Validator Pool is designed for users who are keeping the Roam network secure and running smoothly. To join, you’ll need to burn stickers with points. Each sticker indicates the time you validated a WiFi spot. The combination of time and sticker uniqueness will determine the number of tokens you receive. This system ensures that early validators are rewarded accordingly while encouraging new participation to continuously improve the network.
Roam’s three burning pools are created to make the burning process both easy and rewarding for everyone. Whether you’re burning points through the General Pool, leveraging your mining efforts in the Miner Pool, or helping improve the network as a Validator, there’s a place for you in Roam’s ecosystem. With the 20 million $ROAM token airdrop as an added incentive for miner owners and NFTs holders, now is the perfect time for you to join in and start earning.
