What's the hype about Star Network!

I am sure most of you by now would have noticed your friends sharing on their Instagram stories regarding this new app where you can use it to earn free money! Lots of questions started filling up our heads, so this is what this post is about, I will be sharing based on what i understand.

Star Network prides itself on being a social network with payment capabilities to transfer between you and your friends. It is a fairly new Defi (Decentralised Finance) project started in September 2021. It also aims to develop its platform to accommodate exchanging currencies as well as working as a wallet to store your said currencies. In Singaporean terms, this app is like how our PAYLAH app works but with extra social interactions like messaging capabilities. More perks will be added as it slowly develops into a fully fledged exchange. All-in-one Social DeFi App

• Messenger: Doesn’t matter we met, in app we chat

• Grow Your balance: One click to financial freedom

• KYC : Know your customer, no more scammer

• P2P Transfer: Once pass KYC, balance transfer P2P

Backed by a-lot of big key players: (white paper 1.5.) Team includes;

- Ex-senior executives from Goldman Sachs, Morgan Stanley

- Tech companies like Google, Facebook and Apple

- Payment networks such as Visa and Paypal

Project is projected go live end 2022, so tokens will be listed on exchanges, you will be able to sell whatever you earn now.

How to get started?

- Download Star Network from the app store (Apple and Android)

https://apps.apple.com/sg/app/star-network-social-defi/id1578361255 - You need to use a referral code to register; jiasheng

Deposit is NOT NEEDED, so honestly i feel there is nothing much to lose, up to your own discretion, but it is good to start early to earn more. It lowers the possibilities of scammers and bots due to KYC and referral only invite.

What to take note?

How to start earning for free?

Click on the little blue rocket to start. Each earning session will last 24 hours and will stop unless another session is manually initiated. The best way to earn Stars is to not leave any gaps between earning sessions.

**TAKE NOTE

What you are earning is STAR Tokens, and not $$$. Star Tokens are the native cryptocurrency for this Star Network project. Like every project that operates on the blockchain, it always requires a token and token also acts as a means of transaction between users.

It is not yet listed on exchanges as it is a new project under development.

How to earn more?

1. Inviting your friends

For every new member who has joined Star Network using your invitation code, they automatically become your Booster (and you are the Rocket). When both of you have initiated your earning session, each Booster will boost your earning rate by 25%. Referral bonus rate is uncapped, which means that you can invite as many people as you like.

2. Draw Power-Up

Earn your surprise gift. "Draw Power-up" will appear on your app's home screen once every 12 hours. Your bonus rate will range from 1 - 100% of your eligible earning rate. Good luck!

How to unlock KYC and Realized Balance (Convertible Balance)? Draw Libra

Earn a chance to exercise the Libra, you are able to convert your eligible Nominal Balance to Realized Balance

**more info, refer to white paper section 4.2.

KYC:

- required to submit personal identification documents and take a selfie

once verification approved, the background colour of the upper part of your App's home screen will be changed from white to dark blue.