EARNFT NETWORK Community Update April 2023: Token Launch, Roadmap, and Community Questions

Published in

EARNM Loyalty Ecosystem

17 min readMay 1, 2023

Hello, EARNFT community! We’re delighted to bring you our Q2 update, which addresses your most pressing questions and offers insights into our ongoing efforts behind the scenes. We’ll also provide the latest information on the $EARNFT token launch and share what you can look forward to from EARNFT NETWORK in the upcoming year. This article is filled with essential information, so let’s not waste any time and dive right in!

Throughout the past year, our journey has been filled with incredible progress, all thanks to the steadfast support of our EARNFT community. We’ve achieved remarkable milestones that have established a strong foundation for our success and opened doors to exciting new endeavors. As we persist in our growth and innovation, we’re delighted to highlight some of our most significant accomplishments and give you a glimpse into the captivating initiatives currently underway.

Performance Roadmap Recap

Let’s begin by taking a moment to reflect on some of our most noteworthy accomplishments for Mode Mobile and EARNFT NETWORK between 2021 and the first half of 2022.

Mode Earn Phone 2 D2C & B2B (Walmart, Amazon, Best Buy) expansion.
Expanded business lines in Gaming & Fintech.
Surpassed $50M+ in total revenue.
Enabled $150,000,000+ in cumulative earning & savings to our budget-conscious earners, surpassing 2M+ 5-star ratings.
Launched Mystery Boxes to millions of users, with over 13 million redemptions and 130M+ sweepstake entries, so far.
Over 330 million sweepstakes entries have been distributed, and grand prizes amounting to more than $150,000 in cash prizes have been awarded.
Created and released the World’s first EarnPhone (1st & 2nd generation).
Launched BLU3CHIP Mobile NFT Collection
Began development of the EARNFT dApp Dashboard and partnered with a leading blockchain provider.
Simplified the concept and vision for EARNFT NETWORK and EarnOS™ enabled devices & apps alongside a full site rebrand.

Now, let’s delve deeper into some of the fascinating projects we’ve been working on recently.

Pay-Per-Minute Technology

Mode Mobile’s groundbreaking Pay-Per-Minute (PPM) technology enables users to earn rewards for each minute spent using APKs (App Files) on their devices. This proprietary technology, developed in-house, allows for the seamless integration of $EARNFT and Mystery Boxes as the standard reward system across devices, rewarding users through both dApps and Apps.

This innovative technology enhances the earning experience for millions of web3 users, establishing EARNFT NETWORK as an early contributor to the future mobile web3 ecosystem.

At present, this feature has been introduced to 20% of the US user base in the Mode Earn App, with 13 different games available. Users can access these games via a newly designed in-app gaming tab, which facilitates easy downloading. The technology also provides real-time notifications of users’ earnings and uses permission-based tracking to monitor device usage. This allows to reward users for downloading and engaging with apps. In addition to Mode Points and sweepstakes entries, in the coming months, Mode’s team plan to add Mystery Boxes as rewards within the PPM technology.

The Pay-Per-Minute (PPM) technology has been instrumental in paving the way for our partnership with Polygon, with the primary goal of supporting their dApp Store Kit (DSK) initiative. Through this collaboration, EARNFT NETWORK joins an elite group of projects contributing to the growth of mobile web3 initiatives. With the DSK laying the groundwork for future advancements in the mobile web3 domain, this alliance presents significant prospects for both parties involved. Mode Mobile’s Pay-Per-Minute (PPM) technology is set to play a vital role in elevating the user experience within the ecosystem.

You can check out the progress of the DSK initiative in this demo.

Mode Earn Club

In conjunction with their PPM technology, Mode Mobile began deploying its own subscription model, the Mode Earn Club. This is a take on the “Amazon Prime” or “Wholesale Club Business Model,” which enables them to diversify their business approach and transition users towards subscription offerings, thus securing recurring payments. We’re witnessing promising early signs that the model is effective, presenting another opportunity to utilize Mystery Boxes as a form of reward for members.

As of today, subscribers can access a wide range of benefits, including:

A free EarnPhone
Mystery Boxes
Sweepstake entries
50% to 75% faster earning in EarnOS™ enabled devices & apps.
Unlimited Text & Talk coverage.
Access to free and discounted products, travel hacks, free streaming services, free legal services, free earning opportunities from the government, exclusive access to new class action lawsuits, free stocks, and so much more.

As of now, the Mode Earn Club has been tested outside the Mode Earn App, in the coming weeks, they plan to roll out MEC within the app, anticipating a significant influx of new users, excited to keep leveraging their profits and Mystery Boxes.

2023 Roadmap

Now that we brought you up to speed on our latest ventures, we’re excited to delve deeper into the EARNFT NETWORK project roadmap for 2023 into 2024. Our goal is to keep our dedicated community well-informed and enthusiastic about the fantastic developments on the horizon. So, without further ado, let’s embark on this journey together and explore the thrilling roadmap that will shape the future of EARNFT NETWORK!

Q2 2023 — dApp Store Kit Partnership Scope & PPM Technology For EarnOS Roll Out

May — June: Formation of strategic partnerships for community building and token launch.
Beta Launch of Pay-Per-Minute Technology on EarnOS™ enabled devices & apps.
Defining the scope of building with Polygon and integrating Pay-Per-Minute Technology with $EARNFT and Mystery Boxes as the reward engine for the Polygon dApp Store Kit Initiative.

Q3 2023 — dApp Development & Increased EarnOS Distribution

July 2023

Launch of Mode Earn Club within EarnOS (Expand Distribution & Improve Payback Period leading to further scale).
Full-Scale-Up of Pay-Per-Minute Technology.

August 2023

Release of EARNFT NETWORK Whitepaper V3, including:

$EARNFT tokenomics.
Mystery Box economics.
Governance, including: Tools, Mechanisms, Proposals (with examples)
Staking, including: Tools & Mechanisms
BLU3CHIP Mobile NFTs, including: Relaunch/Sale/Auction, Mystery Box rewards for holders, EarnOS-enabled EarnPhone claims.

September 2023

Finalization of dApp frontend and backend development.
Sep 12: Full marketing activities relaunch (3 months before TGE): KOL reach out, social media, community building, and social loops (Are you human?)

Q4 2023 — TGE preparation & Network Public Launch

October 2023

Oct 24: $EARNFT token, Mystery Boxes, governance tools, and staking smart contracts deployed in Polygon testnet.
EARNFT dApp documentation public release.

November 2023

Nov 14: CRNC Holders snapshot.
$EARNFT token, Mystery Boxes, governance tools, and staking smart contracts deployed in Polygon mainnet — EARNFT dApp Phase 1 full roll-out.
First users from EarnOS™ enabled devices, apps, and other Mobile Platform partners start using the EARNFT dApp to reveal their Mystery Boxes.

December 2023

Dec 5: Foundation launch.
Dec 12: TGE — Token launch: distribution and trading start.
Decentralized governance and token staking mechanisms available for holders.

2024 — Expansion of the EARNFT NETWORK & EarnOS Ecosystem

Integration of EarnOS with Apple’s sideloading capabilities for iOS, enabling iOS launch into the iPhone ecosystem, turning iPhones into EarnPhones.
Collaborating with Polygon and its partners to leverage Pay-Per-Minute Technology for APK-based dApp Store rewards.

Governance-based voting on:

New platform partners and grants issuance
Staking, issuance, and token-related proposals
Decision-making on the pool of unused $EARNFT from the Mystery Box staking mechanism
Direction on platform updates and enhancements
Other community-driven initiatives and proposals
Evaluating and onboarding additional use cases for $EARNFT within the ecosystem

This roadmap acts as the guiding light, focusing our team’s efforts and steering us toward accomplishing our objectives. As we continue to innovate and grow, we remain committed to delivering exceptional value to our EARNFT community. We are truly grateful for your unwavering support and enthusiasm, and we look forward to sharing our progress with you every step of the way.

Community Questions

Over the past week, we’ve reached out to our investors and community members on Discord to discover what topics they were most curious about. We’ve gathered their inquiries and answered them in the following section, dedicated to addressing these concerns and providing valuable insights.

This is our way of maintaining an open dialogue and ensuring that our community stays informed and engaged with the latest developments in the EARNFT NETWORK. So, without further ado, let’s dive into the questions you’ve all been eager to explore!

Token Launch and Partnerships

When can backers expect to receive their $EARNFT tokens, and when will the token be accessible for purchase by the public?

We have planned the distribution of $EARNFT tokens to begin in 2023, with our target Token Generation Event (TGE) set for December 12th. We’ve carefully assessed our roadmap and allocated ample time for execution to minimize the impact of any potential external delays. As a result, we are confident in launching the $EARNFT tokens within the timeframe outlined for this year without further delay.

Is the team having conversations with exchanges?

Yes, our team is currently engaged in discussions with several leading exchanges, including the top players in the industry. However, it’s essential to understand that finalizing a deal with any prominent exchange is not a simple task, given the frequency of launchpad-style offerings in the current market environment (approximately every 3+ months) and the process required for such launches. We maintain recurring syncs with our market maker and liquidity provider to plan and execute a successful TGE.

As mentioned earlier, we’ve drawn inspiration from other successful launches in the space, tailoring our narrative accordingly. Our rebrand, which focuses on turning smartphones into EarnPhones and using $EARNFT as a mobile rewards currency, has significantly improved our ability to explain the concept in a way that even a sixth-grader can comprehend.

How is the Polygon integration going?

The full extent of the partnership is still being defined, as both parties evaluate the depth of the collaboration in relation to their respective needs and requirements. However, the primary focus of the partnership will be on supporting Polygon with its dApp Store Kit (DSK) initiative. This collaboration will enable EARNFT NETWORK to join a select group of projects contributing to the development of their mobile initiatives, with the DSK serving as the foundation for future advancements in the mobile web3 space. Check out the progress in this demo.

As the partnership progresses, EARNFT NETWORK will have the opportunity to broaden and deepen its impact on gamifying the earning experience for millions of web3 users. This will help establish EARNFT NETWORK’s name among the early contributors to the future mobile web3 ecosystem. Mode’s ready-to-launch Pay-Per-Minute (PPM) technology enables users to earn rewards for every minute of APK usage on their devices. This proprietary technology, designed and developed by Mode Mobile, allows for the integration of $EARNFT and Mystery Boxes as the default reward system in any device, enabling users to be rewarded by any APK-based application (both dApps and Apps). Which is exciting as EARNFT NETWORK, then becomes the defacto reward currency for the dApp store and users would get rewarded for time spent using wallets, web3 games, exchanges, and so on.

Establishing our relationship with Polygon through a partnership is a significant step forward. Nevertheless, we understand that this is not necessary for deploying a smart contract (token, dApp, and Mystery Boxes) to the network Our objective is to coordinate both scenarios to maximize the benefits.

Will Polygon announce a partnership with EARNFT NETWORK?

In response to numerous inquiries, we are pleased to announce that co-marketing efforts between Polygon and EARNFT NETWORK will take place. Polygon’s team has expressed their interest in having us as a key partner on multiple occasions during our meetings.

EARNFT dApp, Mystery Boxes, and BLU3CHIP NFTs

How are Mystery Boxes being distributed?

Every time a new Mobile Platform is integrated into the Network, the token access a new audience, eager to exploit all its benefits. Thanks to Mystery Boxes, the $EARNFT token is a largely distributed and deflationary token. Mystery Boxes can be earned by users if:

They use EarnOS™ enabled devices & apps
They are a member of any Earn Club community
They own a BLU3CHIP Mobile NFT

Mystery Boxes play a crucial role in enhancing the user experience by allowing users to receive exclusive rewards for their attention. For EarnOS™ enabled devices & apps, when a user receives a Mystery Box, they not only have the chance to obtain up to 100,000 $EARNFT tokens once the network goes live, they immediately receive 100 bundled sweepstakes entries, ensuring high engagement and sustained retention over time. Furthermore, users collect Mode Points, which can be exchanged for additional Mystery Boxes and an expanded selection of rewards. Or, when a user joins one of the Mode Earn Club paid communities, they are also rewarded with varying amounts of Mystery Boxes, further enhancing their experience.

As of today, EarnOS™ enabled devices & apps users receiving Mystery Boxes, get the immediate benefit of:

Mode Points — exchangeable for Mystery Boxes and other available in-app purchases.
Sweepstakes entries — allowing users to win tens of thousands of dollars in cash prizes.

In the future, once the network is launched, users will have the opportunity to “reveal” their Mystery Boxes through the EARNFT dApp, unveiling the number of $EARNFT tokens inside each box. At this point, users can choose to open the Mystery Boxes and claim the tokens within or opt to leave them staked, receiving the full value after a year. This adds an element of excitement and anticipation to the user experience, encouraging continued engagement with the platform.

Mystery Boxes are not only exceptional incentives for users, but they also present the perfect opportunity for platforms to distribute customized rewards to their audience. We envision a future where platforms can distribute Mystery Boxes tailored to meet their specific needs and cater to users’ interests. For example, the BLU3CHIP Mobile NFT Collection is a platform that promotes high engagement and relevancy among users by utilizing these innovative assets. By offering holders an additional layer of benefits compared to similar collections, we can expect increased attention and growth. This is just another example of how Mystery Boxes can effectively support a wide range of platforms in various ways.

How does the Mystery Box Vesting work?

By default, all Mystery Boxes are staked and follow a vesting schedule — disincentivizing users from opening them prematurely. After the network launches, every time the user receives a Mystery Box, he has 3 options:

Open the Mystery Box and get 25% of the $EARNFT inside, while 37.5% is sent back to the $EARNFT governance, and the remaining 37.5% is destroyed forever.
Wait for 6 months and open the Mystery Box for 50% of the $EARNFT inside, while 25% is sent back to the $EARNFT governance, and the remaining 25% is destroyed forever.
Or wait for 12 months and open the Mystery Box for 100% of the $EARNFT inside.

Can you provide a breakdown of the Mystery Box distribution for Mode Mobile users, Discord members, BLU3CHIP holders, and the total number of $EARNFT in the first drop?

Whenever a new mobile platform is integrated into the network, the governance must approve a Mystery Box grant. On average, each grant contains 1.5 million Mystery Boxes, which loop hold a total of 1.5 million $EARNFT tokens, following this distribution:

(.5 $EARNFT) x (1,189,604 MB) — (Total 594,802 $EARNFT) (B)
(1 $EARNFT) x (305,198 MB) — (Total 305,198 $EARNFT) (BB)
(100 $EARNFT) x (3000 MB) — (Total 300,000 $EARNFT) (BBB)
(1,000 $EARNFT) x (100 MB) — (Total 100,000 $EARNFT) (A)
(10,000 $EARNFT) x (10 MB) — (Total 100,000 $EARNFT) (AA)
(100,000 $EARNFT) x (1 MB) — (Total 100,000 $EARNFT) (AAA)

As of April 2023, the following grants have been made:

Mode Mobile: 24 grants, meant to seed the network until December 2024.
BLU3CHIP Mobile NFT holders: 1 grant, unlocked upon network launch.
EARNFT NETWORK Marketing activities: 1 grant, unlocked upon network launch.

It’s important to note that not all Mystery Boxes distributed to platforms have been handed over to users. As of April 2023, users have received:

13+ million Mystery Boxes from EarnOS™ enabled devices & apps.
10,000 Mystery Boxes from EARNFT NETWORK Marketing activities.

The team has reserved the authority to approve and distribute these amounts based on what’s needed to seed the network’s growth and user engagement, as no governance mechanisms exist yet.

However, as the network evolves, governance will play a crucial role in shaping its future. Token holders will have the opportunity to participate in governance proposals that could potentially alter the amount of $EARNFT contained within each Mystery Box or even modifications to the size of the grants provided to new platform partners. This illustrates the dynamic nature of the network and how community involvement will be essential to its ongoing development and success.

What’s going on with BLU3CHIPs? Will they provide any benefits? Has minting been removed?

BLU3CHIPs will indeed provide benefits to their holders. Minting has not been removed but is contingent upon the platform launch. As the token is not yet launched, the $EARNFT mints associated with BLU3CHIP ownership cannot be utilized at this time. When the platform goes live and the token becomes accessible, BLU3CHIP holders will be able to take advantage of these mints and enjoy the benefits they provide.

An update will be shared before the network’s launch, providing detailed information about BLU3CHIP benefits and plans regarding the unminted supply.

Are there now more Mystery Boxes than initially planned? Does this impact BLU3CHIP Mobile NFT holders in any way? And can the amount of $EARNFT per Mystery Box change over time?

There has never been a predetermined number of Mystery Boxes to be created. The number is intended to grow per the number of platforms joining the network, allowing new users to access the network. This does not, in any way, impact the number of Mystery Boxes designated for BLU3CHIP Mobile NFT holders.

Additionally, the number of $EARNFT per Mystery Box is subject to change through governance proposals. While the current minimum amount of $EARNFT inside a Mystery Box is 0.5 $EARNFT, this could lower or increase in the future, depending on what the governance believes makes the most sense for the network. This flexibility ensures that the network can adapt to evolving circumstances and maintain optimal user engagement and network growth.

Will there be an update made to the existing Whitepaper to showcase the project’s new focus and direction?

Yes, we will be updating the current Whitepaper to reflect the project’s updates and any other pertinent changes that have occurred since the last version. This is important to ensure that the document remains up-to-date and accurately represents the project’s direction and objectives.

Can we get weekly updates? Is there a Trello board or JIRA we can have access to?

While we appreciate your interest in staying informed, weekly updates are not feasible as it diverts valuable time and resources from building and addressing key challenges. Similarly, providing access to our Jira is not an option, as it would expose our product roadmap and potential competitive advantages.

However, we encourage you to follow our progress through the EarnOS app, which is updated every 2 weeks or so. You can find it here. By using the product and keeping an eye on the updates, you’ll be able to witness our team’s hard work and contribute valuable feedback that helps us continually improve. In the interim, we are incorporating key milestone updates every 4–6 weeks until TGE.

Conclusion

This concludes our latest update for the EARNFT NETWORK. We hope you found this update to be informative and exciting. We recapped some of our most significant achievements and shared the EARNFT NETWORK’s roadmap for 2023 and 2024, which outlines the milestones we aim to achieve over the next two years. We also answered all the questions asked by the community, to address your concerns and inquiries.

We want to thank our dedicated EARNFT community for your unwavering support and enthusiasm. We’re committed to delivering exceptional value to you, and we look forward to sharing our progress with you every step of the way. Together, we will continue to redefine the future of the mobile web3 ecosystem.

If you have any further questions or want to chat with us, please join our Discord or follow us on Twitter. We’d love to hear from you!

Important legal disclaimer: Our discussion may contain forward-looking statements that are based on our beliefs and assumptions and on information currently available to management. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “is designed to,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, assumptions, and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each such forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements include, but are not limited to, statements about developing and designing the EARNFT Network, the $EARNFT token and its future utility; the anticipated development and growth of the EARNFT Network; maintaining and expanding our base of users; our anticipated growth and growth strategies and our ability to effectively manage that growth and effect these strategies; our expectations regarding regulatory developments and their effect on the EARNFT Network, including the ability of applications on our network to develop a user base and a successful business model; and potential future listings on an exchange or ATS. We cannot assure you that the forward-looking statements will prove to be accurate. Furthermore, if the forward-looking statements prove inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. We undertake no obligation to update any forward-looking statements publicly, whether as a result of new information, future events, or otherwise, except as required by law.

Except as otherwise noted to the contrary, references to, and the use of logos of third parties shall not create the implication of a business relationship, joint venture, or otherwise between Current (Gibraltar) Limited and such third parties.