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You can set it up but it will not appear at the top of the screen.

So, that's what it is. It will not appear on top of the screen.

Yes. Using the tag threadcast will set it up and will make it live. You can use it and spread the link if you want. But without premium, it will not appear at the top which makes for better visibility.

Getting yourself a premium gives you lots of benefits and more visibility for the premium users.

that is the idea. The idea is too keep making premium now valuable. Make it so people are foolish not to get it