FAQs

1. What is OpenLoop Network?

OpenLoop Network is a decentralized platform that allows you to turn your idle internet bandwidth into a powerful global network. By sharing your unused internet, you contribute to improving global connectivity while earning rewards.

1. How do I get started with OpenLoop Network?

To join OpenLoop Network, simply sign up, download the app, and start sharing your internet connection. The app will guide you through the setup and explain how you can start earning rewards.

1. Is my data secure on OpenLoop Network?

Yes, your data is fully secure. Only you have control over your internet sharing settings, and no unauthorized parties can access your data. OpenLoop Network uses encryption to ensure your privacy and security.

1. What is the $OPEN token?

$OPEN is the native token of OpenLoop Network. It acts as the reward currency for sharing your internet bandwidth and contributes to the growth of the decentralized network.

1. What is DePIN and how does it relate to OpenLoop Network?

DePIN (Decentralized Physical Infrastructure Networks) is a technology that powers OpenLoop Network. It enables decentralized internet sharing, where users contribute to improving the network while maintaining control and privacy over their internet resources.

1. How can I earn more rewards?

You can increase your rewards by sharing more bandwidth, owning Node Validators, verifying network locations, testing internet speeds, referring others to join OpenLoop Network, and participating in upcoming promotional events.

1. Can I participate from anywhere in the world?

Yes, OpenLoop Network is a global initiative, and you can participate from anywhere with an internet connection.

1. What happens if I stop sharing my bandwidth?

If you decide to stop sharing your bandwidth, you will no longer earn rewards until you resume sharing. However, your previous contributions and rewards will remain in your account.

1. How does OpenLoop Network support AI development?

OpenLoop Network helps in developing AI by providing a decentralized infrastructure that collects, validates, and processes data from global internet sources, enabling smarter algorithms and insights for better network performance.