MEMO stage 2 points campaign Q&A: All Your Questions Answered Here!
Since the launch of MEMO’s stage 2 points campaign, we’ve witnessed unprecedented enthusiasm, with our community’s size and activity levels surging continuously. Throughout this journey, we’ve also gathered numerous eager inquiries from our members. To ensure every user clearly understands MEMO’s value and maintains unwavering confidence in the project, we’ve compiled the following 8 frequently asked questions and provide unified answers here.
1. Milestones Achieved: What milestones have we reached?
Just two weeks after launch, we are thrilled to announce that multiple metrics have reached new milestones:
Total registered users have surpassed 300,000! This isn’t just a number — it signifies that more and more people are recognizing the power of data, choosing to join MEMO, and collectively building a new user-driven AI data ecosystem.
Total points generated have exceeded 400,000,000! Every single point stems from genuine user contributions, demonstrating that MEMO’s decentralized data network is operating steadily.
2. The True Value of Points: Why Should I Strive to Earn Them?
Every point you earn doesn’t come out of thin air — it’s intrinsically tied to the future value of MEMO’s data assets.
The points you accumulate will be the sole credential for redeeming $MEMO in the future.
Points represent valuable “Proof of Data Contribution.” As the MEMO ecosystem matures, your points will become deeply intertwined with data production, storage, and transactions — their value will far exceed your imagination.
3. Points Platform Rules: How to Earn Points and Unlock Rewards?
To encourage more users to participate and earn rewards, the MEMO Points Platform offers multiple ways to earn points and has officially launched a tiered points system.
Basic Tasks: Easily earn points through simple daily activities like check-ins and linking social media accounts.
Referral Rewards: Inviting friends to join is the fastest way to earn points. When your cumulative points reach specific thresholds, you unlock higher referral reward multipliers:
Cumulative points reach 20,000: 1.2x referral reward
Cumulative points reach 60,000: 1.5x referral reward
Cumulative points reach 100,000: 1.7x referral reward
4. When can points be redeemed for tokens?
This is one of the community’s top concerns. We aim to distribute tokens only after the mainnet achieves stable operation and the ecosystem reaches a certain scale. This approach ensures the long-term healthy development of token value and maximizes returns for users. Specific conversion rules and timelines will be announced in advance. Please stay tuned to official announcements for updates.
5. Future Plans: Beyond the airdrop, what are MEMO’s long-term plans?
Airdrops are merely our strategy to attract early adopters. MEMO’s ultimate goal is to build a comprehensive, efficient AI data ecosystem. We are steadily advancing the development of the following core products:
Data Marketplace: A decentralized data trading platform enabling users to price their data assets transparently and trade freely.
Data Collection Terminal (XSpace): A data collection terminal application whose core function is to gather social media data from platforms like Twitter and Reddit, sharing it with demand-side users such as AI training while ensuring data quality and user privacy.
ERC-7829 and Data RWA: The ERC-7829 standard, spearheaded by MEMO, aims to tokenize real-world data assets (e.g., artworks, premium data) to make them programmable and tradable on-chain, thereby enabling the transformation of data into Real-World Assets (RWA).
6. What role does MEMO play in the field of AI?
MEMO serves as a decentralized data infrastructure in the AI field.
We firmly believe that future AI development will no longer rely on data monopolies held by a handful of tech giants. Through a comprehensive solution, MEMO addresses two core challenges in AI advancement: data sourcing and computational power.
Data Aspect: We leverage shared data from user storage and XSpace’s collection of high-quality, multimodal social media data. Utilizing Data DID ensures data sovereignty, enabling transactions within the data marketplace to provide training services for AI and more.
Computing Aspect: MEMO’s decentralized AI computing platform aggregates idle computing power globally through the DePIN network, delivering more economical and efficient computational services for tasks like AI training and model inference.
7. Security and Privacy: Is my data safe on MEMO?
Security and privacy are MEMO’s lifeline. We employ multiple robust technologies to ensure your data remains secure and under your control:
MEMO DID: This dual-authentication system provides unique identity verification and on-chain evidence for your data assets, guaranteeing your ownership.
Zero-Knowledge Proof (ZK): During data transactions and verification, our ZK technology proves data authenticity and compliance without decrypting content.
Proof of Storage (PoST): MEMO introduces the Keeper role as a third-party auditor. Keepers periodically challenge storage nodes and utilize VRF (Verifiable Random Function) technology to ensure data integrity and defend against malicious attacks.
Additionally, multiple security technologies — such as multi-role design, data layering architecture, and RAFI data repair technology — work together to safeguard your data security.
8. How can I get more help?
If you encounter any issues during your participation in the event or wish to learn more about the project’s progress, please feel free to contact us through the following official channels:
Telegram：https://t.me/memolabsio