PIPs are units of value that can be earned, won, lost, purchased, donated and staked on fruitlab.
The number of PIPs in your account can be seen on your own user homepage. On web your PIP balance is shown in the top right of the screen and on the fruitlab mobile app it is the first number beside your profile picture on your homepage. Only you can see your PIP account balance, it is hidden from view to all other platform users.
The first PIP ledger was created in 2018 as an encrypted private blockchain implementation hosted by Amazon Web Services (AWS). The PIP ledger was updated to public operational standards utilising AWS technology and launched on 15 March 2019. The same PIP ledger is in operation today with billions upon billions of PIPs having been minted and transacted since launch.
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- BUY PIPS10,000
- BUY PIPS20,000
- BUY PIPS40,000
- BUY PIPS60,000
- BUY PIPS80,000
- BUY PIPS100,000
At present the PIP ledger is operated within the self-contained closed on-platform fruitlab ecosystem. This is in the process of changing, with the PIP becoming a public blockchain, Ethereum backed, utility token that will be freely transferable and tradable both on and off the fruitlab platform. This will mean that the PIP will have its own price and will be able to be exchanged for Bitcoin, Ethereum or major currencies such as US Dollars and Sterling.
On 14 September 2021 the PIP White Paper was published on The PIP Limited website – www.ThePIPLimited.com. This document and the issue of the PIP has received regulatory approval. PIP Limited is an independent company that’s sole purpose is being the custodian of the PIP i.e., to look after the PIP, in preparation for the PIP to be mined by users of fruitlab. It is not a profit-making company and does not trade – perhaps think of PIP Limited as the safe where the PIPs are held.
- A private sale of PIPs is now underway
- The conversion of the fruitlab platform to blockchain backed tokens has now started. It is expected that the conversion will be complete in Q1 2022
- The total number of PIPs that will ever be capable of being mined is capped at 3,333,333,333 PIPs (approx. 3.3bn PIPs)
- Existing fruitlab platform users will have the ability to convert their existing PIPs into the new blockchain PIPs such that they own a maximum total of 7.5% of all PIPs
- There are a number of new initiatives underway at fruitlab, as set out at ThePIPLimited.com, and we will keep users updated on our progress on delivering these new features to you
Although there is lots of information available on how public blockchain technology works and lots of information available about PIPs, you don’t need to worry about anything – your experience on fruitlab will be almost identical and the mechanisms for earning and using PIPs will be almost identical.
The key difference will come in the value of the PIP, which will become variable and will be determined by the supply and demand for PIPs. Plus, you will be able to sell your PIPs off-platform.
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PIPs can be earned, won, purchased or received as a donation.
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You can post your videos at any time and on any subject matter but only your videos that are over 15 seconds in length will be eligible to earn PIPs. When your videos, that are over 15 seconds in length, are viewed for more than 3 seconds your account will be credited with PIPs. The rate at which PIPs are credited to your account varies depending on a range of factors relating to the viewer, for example frequency of watching and country.
XP is earned by members when they are active on fruitlab. The activities that earn XP, and the quantum of XP, can vary, along with variable XP bonuses, and are set out in a table that can be found by selecting the XP icon. The XP that is earned over the course of each week converts into PIPs each Monday. Please note that there can be XP available in the fruitlab mobile app and XP available on the web so be sure to check the XP table to see how to maximise your XP earnings.
Download the fruitlab mobile app and head to the PIP icon at the top of the page. Upon opening the PIP icon, you will see a number of adverts that are available to be watched. Each time an advert is watched you will receive PIPs of varying amounts depending on the advertising conditions in your country.
If you are prepared to put your skills to the test to win PIPs, you should head to the fruitlab Arcade. In the fruitlab Arcade you can stake your PIPs against other players in various games of skill with the winner receiving the staked PIPs less a 10% commission to fruitlab.
You can purchase PIPs by clicking on the relevant icon on this page.
RECEIVE PIP DONATIONS
As a large and friendly community, you will notice that many members donate PIPs. PIP donations might be received for all manner of positive on-platform behaviour that you undertake. Please note that begging for PIP donations is frowned upon!