Author: Angela Wang

Bitcoin Price Drops because of Chinese New Year? 2024 CNY dump cancelled?

Chinese New Year (Lunar New Year) has a strong influence on cryptocurrency prices, with Bitcoin prices decreasing in the months leading up to the New Year. This article examines the trend and the possible reasons why it happens. Chinese New Year is celebrated on a different day each year as it is based on the Lunar Calendar.

This year, Chinese New Year will begin on 10 February and end on 13 February. During this time many Chinese Over-the-Counter (OTC) services will be closed – leading to high crypto volatility.

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*Data based on Bitcoin Prices on CoinGecko. Pre-CNY Highs taken as average candle price up to 7 days before the New Year.

This period is a public holiday in China, as many employees make the annual trip back to their hometowns to celebrate with their families. With a population of 1.386 billion, this represents the largest short-term migration in the world. During this time, I also came across some fascinating information about the best Plinko gambling sites, which offer unique and engaging gaming experiences for enthusiasts. All factories in China close during this period, with operations frozen for up to 2 weeks as logistics companies and suppliers slowly open up. Chinese New Year is also celebrated in other Asian countries such as Hong Kong, Singapore, and Korea (Korean New Year). China will also be rolling out a feature allowing people to send red packets containing its digital currency eCNY/DCEP. However, it’s important to note that during this time cryptocurrency exchanges will still operate and facilitate trading around the clock.

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Chinese New Year Dump in 2019, 2020, 2021, 2022 and 2023?

Bitcoin prices would almost always drop in the weeks leading up to Chinese New Year.

For example, in 2019, Bitcoin prices dropped steadily from $3,491 right before the Chinese New Year to lows of $3,397 during the holiday.

In 2020, prices fell below the USD$8.3k resistance before Chinese New Year. There was a recovery back to USD$8.5k on the first day of the holidays. However, history cannot help but repeat itself, and within the same day plummeted back below USD$8.3k. Prices then remained stagnant and only made a marked recovery on the last day of the holidays.

In 2021, the tides seemed to have turned with a gradual increase from $32k to $39k in the first week of February, and a huge 2-day rally up to $48k in the few days leading up to the festival. However, during Chinese New Year, prices still began retracing to $46.2k. Fortunately, this did not wipe out the pre-Chinese New Year rally.

2021 Chinese New Year Bitcoin prices (Source: CoinGecko)

In 2022, prices took a sharp nosedive to sub USD$37 levels just before the holidays. Bitcoin prices then rose sharply towards a peak of over USD$39k midway through the Chinese New Year holidays. However, this euphoria was short-lived, and prices took a steep tumble to USD$36.5k on the last day of the Chinese New Year holidays. Essentially undoing the initial price rally a few days prior.

In 2023, prices pumped 1 day before the new year, ringing in a high of US$23,282.40 on the 1st day of Chinese New Year. Prices fluctuated between the US$22,500 and US$23,000 range during the duration of the holidays. However, ultimately closing at US$22,437.68.

Why do Bitcoin prices dump during Chinese New Year?

Decrease in Trading Volume?

Data compiled by CoinDesk Research shows the trading volumes on Binance, Huobi, and OKEx –the most popular cryptocurrency exchanges catering to Chinese customers – were down during the Chinese New Year period. A decrease in trading volume can also be seen during October each year when Golden Week (a 1-week celebration for National Day) in China takes place.

When large numbers of highly leveraged traders all bet on Bitcoin prices moving one way it creates an opportunity for other large investors (whales) to move prices in the other direction. Doing so triggers a cascade of liquidations, sending Bitcoin’s price into free fall and creating huge paper losses for leveraged long traders. The whales are then free to “buy the dip” at the expense of “rekt” traders.

Market Makers on Holiday

It is no secret that market makers and trading bots operate in the Cryptocurrency market – in fact, they are responsible for a portion of the market volume. Market makers located in China and other Asian countries will shut down operations for 3-5 days due to public holidays. Even though market making can be automated by trading bots and algorithms, it still requires humans to watch over the daily operation to make sure the is no malfunction.

During the Chinese New Year, market-making operations will be limited in capacity. This leads to more volatile and less liquid markets.

Cashing out for the New Year

One of the possible reasons for the dip in Bitcoin prices is that people are “Cashing out” for the holidays. This is especially true in China because, during the festival, lucky packets packed with cash are traditionally given out to children and the elderly. These “red packets” are meant to symbolise luck and prosperity and is the only time when giving cash is not taboo in China.

Tradition dictates that married couples should give out red packets to young unmarried children, elderly and service personnel. Company Executives and managers should also give money to their subordinates – with some packets being filled to as much as the employee’s monthly wage.

Due to the huge amount of cash money required, some suspect that this tradition is responsible for the increase in Bitcoin Sell orders before Chinese New Year.

Chinese OTC Volume Drops

Bitcoin is traded in China via Over the Counter (OTC) desks. These OTC desks match orders from buyers and sellers and can offer escrow services. Top desks include Binance OTC and Huobi OTC.

Chinese New Year 2024 Bitcoin price predictions?

This year, Chinese analysts are already looking into the future and are optimistic for Bitcoin prices in the month after the Chinese New Year. They note that Bitcoin prices have generally gone up in the month after Chinese New Year. For example, in 2023, Bitcoin prices went up by 11.15% in the month after the new year, 13.9% increase in 2022, and 30.18%(!!) increase in 2021.

Prices have already been on the rise since 23rd January 2024 where prices were a at a low of US$38,678.18. Prices have been skyrocketing since 7th February 2024, and have crossed the US$46,000 on 9th February 2024! This was already predicted by some analysts on Weibo, saying that prices will not dip, and to welcome the bull market during Chinese New Year.

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Frequently asked questions (FAQs)

What is the Chinese New Year Bitcoin dump?

Crypto analysts have found that Bitcoin prices would almost always drop in the weeks leading up to the Chinese New Year. Hence in the weeks before and during the “Chinese New Year Dump”, traders expect huge volatility in crypto prices.

Why is there a Chinese New Year Bitcoin dump?

Chinese New Year marks the longest extended holiday in China. This period marks the world’s largest short-term migration as people return to their hometowns to visit family. People also cash out to send money back to their families and gift children “red packets”. Therefore, crypto prices dump during Chinese New Year as there is lower trading volume when everyone has “cashed out” their crypto or is busy celebrating.

When is Chinese New Year in 2024?

This year, Chinese New Year will begin on 10 February and end on 13 February.

February 8, 2024
Metis ($METIS) token airdrop guide: Mainnet Layer 3 Quests
Metis is an Ethereum Layer 2 Rollup platform that aims to address the issues of transaction speed, cost, and scalability in the Ethereum network by providing simple and fast smart contract deployment. Metis has announced a points system airdrop for their community testing community. Metis just completed season 2 of its incentivized testnet and are now pivoting to mainnet. However, there are still more tasks to be done and points to be earned for the airdrop with their Layer 3 Quests. Here’s our Metis ($METIS) token airdrop guide.

Check out our Metis ($METIS) airdrop guide!

Metis Airdrop Guide: EFFICIENT Route for Layer3 Quests

Video: Metis Airdrop Season 2 Testnet Guide

Metis Airdrop Season 1 Testnet Guide

What is Metis?

Metis is an Ethereum Layer 2 Rollup platform that aims to address the issues of transaction speed, cost, and scalability in the Ethereum network by providing simple and fast smart contract deployment. The platform offers several solutions to solve the big challenges faced by the Ethereum Mainnet, including multiple VMs and sequencers, DACs that can manage their organizations independently, separation of computing and storage, private native storage layer, and fast transactions at around 2,000 TPS with low gas fees.

Will there be a Metis airdrop?

Although Metis’ Season 1 airdrop is ongoing, it will end soon. Their Season 1 airdrop focuses on Community Testing, where anyone can contribute without any coding knowledge required! Metis Season 1 gets users to explore the decentralised applications (DApps) on the Sepolia testnet and earn points by completing tasks. Moreover, they have confirmed that they will be doing a Season 2 airdrop. However, no details have been announced for Season 2 yet.

How to do the Metis Layer 3 Quests for airdrops: Best route
Time needed: 1 hour and 30 minutes
Here’s our guide on how to do the Metis Layer 3 Quests and we show you the BEST route to do this.
1. Add Metis Andromeda mainnet to wallet
  Add the Metis Andromeda mainnet network to your Metamask by clicking here: https://chainlist.org/chain/1088
2. Fund wallet with $METIS tokens
  You will need $METIS tokens to claim the incentivized testnet NFT and complete the mainnet tasks. You can buy $METIS tokens on exchanges such as BingX, OKX or Gate.io.
  
  Sign up for a BingX account here!
3. Complete Layer 3 Quests
  Complete the Layer 3 Quests on https://layer3.xyz/collections/introduction-to-metis. There are a total of 7 quests which are mainnet activities. These involve bridging, swapping and lending $METIS.
  
  You could complete all 7 Metis mainnet tasks with just $30 worth of $METIS. However, this will require you to withdraw your funds out of the protocol after completing each task and then moving it to the next one. On the other hand, if you do not mind leaving the funds on the protocols after each task, you will need around $90 of $METIS.
4. Bridge to Metis
  Bridge US$25 to the $METIS ecosystem. Use the Synapse bridge to bridge from BNB chain to Metis as this is the cheapest option for gas fees. You will also receive a bit of $METIS for gas. Make sure this is enough to cover your gas fees for claiming the incentivsed testnet NFT in step 6 below.
5. Swap and LP on Metis
  Swap 10 USDC or USDT to any token on Metis using Hermes, Hummus or Netswap. We recommend swapping to $METIS. Then, add liquidity on Unimaia, you can choose from the METIS/USDC, ETH/METIS OR ETH/USDC pools. Then, take your funds back out so you can use it for other quests.
6. Claim incentivised testnet NFT
  If you participated in the testnet airdrop, you are eligible to claim your NFT at https://decentralize.metis.io/. There are 3 tiers of NFTs: Elite, Based and Good. Which NFT you are eligible to claim will depend on your point score in Season 2.
  
  Note you will need $METIS to pay for gas fees when claiming the NFT. Many participants will not have enough $METIS to pay the gas fees if they claim the NFT first. Therefore, we recommend participants do the swap first before claiming your NFT. Or, you can buy $METIS tokens on exchanges such as BingX, OKX or Gate.io.
  
  Sign up for a BingX account here!
7. Lend and prosper on Metis
  Lend at least $10 worth of assets to Aave ($METIS or $WETH) or Granary Finance ($METIS, $WETH or $WBTC) on the Metis network.
8. Beefy vaults on Metis
  Deposit at least $20 m.USDC-m.USDT into Beefy vault. You will need to keep your funds there for 3 days to qualify for completing this task.
9. Aggregate on Metis
  For this task, you need to hold some $METIS in your wallet for gas. Then, go to https://app.openocean.finance/classic and swap at least 20 m.USDT or m.USDC to any other token (we suggest $METIS).
10. Perps on Metis
  Go to https://tethys.finance/trade and deposit at least 10 $METIS. Then, enable leverage and open a long or short position. Finally, close your position.
11. The Future of Metis
  This final task is a quiz and several social tasks. There are 2 questions in the quiz. Here are the answers to The Future of Metis quiz: 1. Building an interoperable blockchain for all L1’s, L2’s and IoT devices. 2. Interoperability and efficiency.
How to get season 2 of the Metis token airdrop?

Here’s how to get Season 2 of the Metis token airdrop:
1. Connect to Metis at https://decentralize.metis.io/#szn2. Make sure you are on the Metis Sepolia network, not the mainnet. If you can’t find the network on your wallet, add the Metis Sepolia network details here.
2. Claim testnet $METIS and $ENKI tokens by clicking on “Faucet” on the top of the page. Select the type of token you want, enter your wallet address and click “Drip”. Claim both $METIS and $ENKI. However, note you can only claim once.
3. Spin the wheel on the main page. Select the number of spins you wish to buy for 0.5 $METIS each. Then click “Spin” to spin the wheel for rewards!
4. Connect to Enki protocol at https://testnet.enkixyz.com/home. You will earn 4,500 points by completing the next few tasks.
5. Submit $METIS to mint $eMETIS by clicking “Mint&Stake” at the top of the screen. Then, go to the “Mint” tab. Select the amount of $METIS you wish to submit. Then click “Approve” and “Mint&Stake”. Note you need to wait 7 days before your $eMETIS staking rewards will begin.
6. Stake $eMETIS to get $seMETIS by going to the “Stake” tab. Select the amount of $eMETIS you wish to stake. Then click “Stake”. You will earn $seMETIS.
7. Stake $ENKI tokens to vest $eMETIS rewards. On Enki, click “Mint&Stake” at the top of the screen. Then click the “Stake” tab and scroll down until you see the “Vest” section. Select the amount of $ENKI you wish to stake and click “Stake”. We suggest staking half your $ENKI tokens.
Season 2 of the Metis airdrop has ended on 18th February 2024. Depending on how many points you get, you may have a chance to get a share of the 6 million $METIS token airdrop. However, Metis has said you can increase your chances of getting more $METIS tokens by taking part in mainnet activities on Layer 3.

BONUS: Get more $METIS with Layer 3

Metis has said you can increase your chances of getting an airdrop by taking part in mainnet activities in Layer 3. Here’s how to increase your Metis airdrop with Layer 3:
1. Connect to https://layer3.xyz/ and create an account.
2. Complete the quests on https://layer3.xyz/quests
How to get season 1 of the Metis token airdrop?

Here’s our guide on how to get Season 1 of the Metis token airdrop:
- Connect to Metis: Connect your wallet to the Metis Sepolia testnet. Make sure you are on the Metis Sepolia network, not the mainnet. If you can’t find the network on your wallet, add the Metis Sepolia network details here.
- Claim testnet tokens: Click on “Claim Tokens” on the main page to visit the Metis testnet faucet and claim some tMetis testnet tokens. The process may take some time, so be patient.
- Swap and add liquidity on Netswap: Go to the Netswap dApp by clicking “Netswap” on the main page. Make sure your wallet is connected to the Metis Sepolia testnet network. Click “Trade” on the top bar and “Swap”. Then, swap a small amount of tMetis tokens for NETT tokens. We recommend swapping around 0.00005 tMetis. To add liquidity on Netswap, click “Trade” on the top bar and “Pool”. On the page, click “Create Pool”. Deposit as little tMetis and NETT tokens as possible.
- Enter the lottery on Midas: Visit the Midas DApp on the testnet. Ensure that your wallet is connected to the Metis Sepolia network. Buy a lottery ticket to earn points. Tickets cost 0.1 tMetis.
- Swap tokens, open a leveraged position and add TLP liquidity on Tethys: Connect to the Tethys dApp. Make sure your wallet is connected to the Metis Sepolia network. Complete three tasks: swap tokens, open a long or short position with leverage, and add TLP liquidity. To swap tokens, go to “Trade” and click “Swap” on the right hand side. Swap some tMetis for USDC. To open a long and short position with leverage, go to “Trade” and choose a long or short position. This may be a good way to get more tMetis tokens! To add TLP liquidity, click the “Liquidity” tab at the top and buy some TLP with tMetis. Then, click on “Staking” on the left hand side. Note that this function shows a blank page right now so check back later.
- Swap tokens and provide LP on Hummus: Access the Hummus Exchange dApp on the testnet. Connect your wallet to the Metis Sepolia network. Swap tokens from Metis to m.USDC. Then, to provide LP, click on “Pool” at the top of the screen. Deposit tokens into the pools.
Metis token airdrop review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of airdrop: The Metis Season 2 airdrop is now live!

Airdropped token allocation: The Metis team has currently allocated 11.5% of the total $METIS token supply towards airdrops and has not yet airdropped 5.5%.

Airdrop difficulty: Metis uses the Sepolia testnet for all tasks, so no real funds are involved. However, the dApps are quite buggy and you may need to check back occasionally in order to complete tasks.

Token utility: The $METIS token facilitates transactions, incentivizes network participants, and powers governance mechanisms within the Metis ecosystem.

Token lockup: The $METIS token lockup is unknown.
February 8, 2024
Stride ($STRD) token airdrop guide
Stride is a blockchain that allows users to liquidate their staked tokens from any Cosmos chain and earn both staking and DeFi yields. They recently announced their stDYDX AND stTIA airdrop. This means TWO AIRDROPS! Here is our Stride ($STRD) token airdrop guide.

Check out our Stride $STRD token airdrop video guide!

https://youtube.com/live/nZRW1tJ2z3s
ANOTHER Stride ($STRD) Airdrop for TIA Stakers!!

What is Stride?

Stride provides liquidity for staked tokens from any Cosmos chain. Here are some major features of Stride:
- Liquid Staking: A process that allows users to earn both staking and DeFi yields by converting their native tokens into staked tokens (st-Tokens) that can be freely traded and redeemed.
- Supported Chains: Stride supports liquid staking for 10 Cosmos chains currently and plans to onboard more than 40 additional chains in the next 12 months.
- Governance: Stride allows anyone to propose onboarding a new chain through a governance vote, which will automatically onboard the new chain if passed.
What is the Stride ($STRD) token?

Stride ($STRD) is the native token of Stride protocol, which redirects 8.5% of staking rewards from all liquid staked tokens to STRD stakers. STRD launched in September 2022 and has a current TVL of $85M. Here are the key features of the Stride ($STRD) token:
1. Decision-making: The STRD token allows holders to participate in important decisions within the Stride Zone. These decisions include:
  - Allocating staked tokens to each validator.
  - Onboarding new validators.
  - Implementing protocol modifications and enhancements.
2. Staking Rewards: Users can stake their tokens using Stride and earn staking rewards while retaining liquidity in the form of stTokens. These stTokens can be redeemed for the original token at a 1:1 ratio.
3. Voting Power: Holders of STRD tokens can vote on critical matters, such as distribution of staked tokens, validator onboarding, and other protocol upgrades.
4. Security: STRD tokens can also be staked to secure the Stride Appchain.
Will there be a Stride token airdrop?

Stride have confirmed they will be doing two airdrops for stDYDX holders, as well as stTIA holders.

For the airdrop to stDYDX holders, 150,000 STRD will be airdropped to users who hold stDYDX over the next 120 days starting from 6 February 2024. Snapshots will be taken daily to track the amount and duration of stDYDX held by each address. To be eligible, you will need a Cosmos address that holds stDYDX. Users can get stDYDX by liquid staking DYDX using the Stride protocol app or by acquiring it on a DEX. Users can also use stDYDX in any Cosmos DeFi app or transfer it to any Cosmos chain via IBC, as long as they keep the same private key. For the airdrop, users will receive a share of the STRD airdrop proportional to how much stDYDX they held and for how many days.

For the airdrop to stTIA holders, 5 million $STRD (i.e. 5% of the total maximum supply) will be airdropped to stTIA holders. The airdrop will start on 1st February 2024 and last for 150 days. Snapshots will be taken every day to check users’ stTIA holdings. The airdrop allocation is frontloaded in the first 60 days where users will get a 2x bonus for holding stTIA on the Stride blockchain. After 10:00 UTC on 5th February 2024 however, users holding stTIA on Osmosis and Neutron chains will also qualify for the airdrop. This includes the stTIA/TIA pools on both the Osmosis DEX and Astroport Neutron. Users will get allocate a share of the airdrop. However, the STRD tokens only becomes claimable and fully liquid 180 days after allocation.

How to get the Stride ($STRD) token airdrop
Here’s how to get the Stride ($STRD) token airdrop for both stDYDX holders and stTIA holders
1. Fund wallet with DYDX
  Fund your Leap or Keplr wallet with DYDX
2. Get stDYDX
  To get stDYDX, go to the Stride protocol app and stake your DYDX to get stDYDX. Alternatively, if you do not want to stake DYDX, simply swap DYDX for stDYDX on a DEX such as Osmosis.
3. Hold stDYDX
  Hold your stDYDX in your Keplr or Leap wallet. You can also use the stDYDX within any Cosmos DeFi application or transfer it across various Cosmos blockchains using IBC. However, your stDYDX must remain in the same Cosmos address with the same private key.
4. Fund wallet with TIA
  Fund your Leap or Keplr wallet with TIA.
5. Get stTIA
  To get stTIA, go to the Stride protocol app and stake your TIA to get stTIA. Alternatively, if you do not want to stake TIA, simply swap TIA for stTIA on a DEX such as Osmosis.
6. Hold stTIA
  Hold your stTIA on the Stride blockchain for the first 60 days starting from 1st February 2024 as users will get a 2x bonus for doing this. After 10:00 UTC on 5th February 2024 however, users can also hold their stTIA tokens on Osmosis and Neutron blockchains. This includes both stTIA and TIA held in the Osmosis DEX pool #1428 and the Astroport DEX stTIA/TIA pool.
Stride ($STRD) token airdrop review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of airdrop: Both the stDYDX and stTIA holder airdrops are now LIVE!

Airdropped token allocation: 150,000 STRD will be airdopped to stDYDX holders. Also, 5 million STRD (5% of total max supply) will be airdropped to stTIA holders.

Airdrop difficulty: Both airdrops are very simple and only require you to hold the stDYDX and stTIA tokens.

Token utility: The $STRD token is used for governance, enabling voting, staking and participation in protocol decisions.

Token lockup: STRD tokens only becomes claimable and fully liquid 180 days after allocation.
February 6, 2024
WEN token airdrop guide: Stake WEN for more airdrops
Wen ($WEN) is known as a community created coin to “immortalize wen culture”. Their airdrop claim has recently closed, and many users were able to get $WEN tokens. So, the next question is how to maximise your WEN token gains and keep the airdrop snowball rolling? Here is our WEN token airdrop guide on how to get 4 more airdrops by staking $WEN tokens.

Check out our WEN token airdrop guide- Stake $WEN for 4 AIRDROPS!!

https://youtube.com/live/lbMaJWxSwN0
Stake $WEN for 4 AIRDROPS!! (How it’s going so far)

What is WEN?

The creators of Wen divided @weremeow’s poem ‘A Love Letter to Wen Bros’ into a trillion pieces that can be traded like regular Solana tokens. Each WEN token represents a proportionate share of ownership in Meow’s poem. Here are the key features of Wen:
- WEN: WEN is a token that represents proportional ownership in a poem by @weremeow called ‘A Love Letter to Wen Bros’.
- Poem: The poem is a tribute to the Wen Bros, a group of Solana enthusiasts who are known for their memes and community engagement.
- Tokenization: The poem was split into a trillion pieces using the technology from @OvolsNFT, a platform that allows users to create and trade fractionalized NFTs on the Solana blockchain.
How to stake WEN tokens to get more airdrops?
Time needed: 1 hour and 15 minutes
Here’s our WEN token airdrop guide on how to stake your WEN tokens to get more airdrops
1. Fund wallet with WEN and SOL tokens
  You can fund your wallet with WEN tokens by either claiming the airdrop HERE or buying WEN tokens from exchanges such as Orca, Raydium, MEXC or KuCoin.
  
  Fund your wallet with SOL tokens by purchasing SOL from exchanges such as Bybit, Binance or KuCoin.
  
  Sign up for a Bybit account here!
2. Get bSOL tokens
  Go to https://stake.solblaze.org/app/ and stake SOL to receive bSOL. You will also get BLZE rewards and qualify for the Blaze airdrop!
3. Stake WEN and bSOL in Meteora
  Connect to Meteora and go to “DLMM”, find the WEN-bSOL pool and deposit your WEN there. We deposited around 25% of our WEN airdrop.
4. Stake WEN in Kamino Finance
  Kamino is also doing a points system for supplying assets and borrowing, so staking WEN in Kamino Finance will also qualify you for their airdrop! To stake WEN in Kamino Finance, go to https://app.kamino.finance/. Go to the “Liquidity” section and stake your WEN and SOL into the $WEN-SOL liquidity pool. Simply input the amount of WEN you wish to stake and Kamino Finance will automatically fill in the corresponding amount of SOL to stake, this will help you avoid impermanent loss. You will earn fees and Kamino Points.
5. Lend WEN in MarginFi
  MarginFi is the easiest protocol in our opinion as it only requires you to deposit 1 asset type. To lend WEN in MarginFi, go to https://app.marginfi.com/ and on the “Lend” page, supply WEN tokens. We deposited around 25% of our WEN airdrop into MarginFi. Depositing WEN to MarginFi also allows you to earn MarginFi Points for their airdrop.
6. Optional: Stake bSOL to MarginFi
  If you have any leftover bSOL, you can stake it in MarginFi to earn their Liquid Staking Token ($LST). Then, lend your $LST to earn APY.
7. Trade WEN on BONKbot
  Go to BONKbot and trade WEN.
  
  To learn how to trade on BONKbot, check out our BONKbot sniping strategy video EXCLUSIVE for members!
Frequently Asked Questions (FAQs)

Which is the best protocol to stake WEN?
The best protocol to stake WEN tokens is on the Meteora platform. Meteora is also a good place to stake WEN because you earn both WEN and bSOL swap fees, as well as Blaze rewards, providing a two-in-one airdrop opportunity.

WEN token predictions?
We are quite positive on WEN as around 1 million active Solana wallets received the airdrop. Furthermore, around 40% of the airdropped WEN tokens were not claimed, so those were burned. This means the WEN supply has been reduced a lot which would push up the demand and potentially the price. WEN is also being used for staking to earn further rewards and is also being actively traded, meaning that there would be a continuous utility and demand for this token. Jupiter Exchange, which is behind WEN, is also planning out what to do with WEN in the future.

How many airdrops can one get by staking WEN tokens and what are they?
One can get four airdrops by staking WEN tokens: Blaze, Meteora, Kamino, and MarginFi. Blaze is a protocol that allows users to stake SOL and receive bSOL and BLZE rewards. Meteora is a decentralized liquidity market maker that supports cross-chain assets. Kamino is a lending and borrowing platform that also offers liquidity mining. MarginFi is a margin trading platform that also offers lending and liquid staking.

Which protocol offers the highest rewards for staking WEN?
Currently, Meteora offers the highest rewards for staking WEN.

What is WEN and how was it created?
WEN is a token that represents proportional ownership in a poem by @weremeow called ‘A Love Letter to Wen Bros’. The poem was split into a trillion pieces using the technology from @OvolsNFT, a platform that allows users to create and trade fractionalized NFTs on the Solana blockchain.

How do you stake WEN and bSOL in Meteora?
To stake WEN and bSOL in Meteora, connect to Meteora and go to “DLMM”. Then, find the WEN-bSOL pool and depositing WEN and bSOL there.
January 31, 2024
Burnt (XION) token airdrop guide
Burn (XION) is a modular Generalized Abstraction layer that enables seamless user experiences for everyday users by abstracting away all crypto complexities and enabling cross-chain interoperability. They have recently launched their Generalized Abstraction Testnet, and they are expected to launch their mainnet later this year! Currently, Burnt (XION) has some missions where you can complete to mint NFTs, and this will very likely translate into token airdrops in the future! Here is our Burnt (XION) token airdrop guide.

Check out our Burnt (XION) token airdrop guide!

https://www.youtube.com/watch?v=8UINOPm_6tA

What is Burnt (XION)?

Burnt (XION) is a layer one blockchain built specifically for gaming. It aims to provide a seamless user experience for gamers by implementing a modular infrastructure with abstracted accounts, leveraging Ethereum’s technology. The goal is to address the issue of laggy gameplay that is often experienced in many crypto games. Key features of XION include:
- Innovative Blockchain Technology: Built on cutting-edge blockchain technology, ensuring robust security, high transaction speeds, and reduced costs .
- Unique Tokenomics: Introduces a distinctive token model, where the XION token plays a central role. The tokenomics are structured to encourage long-term holding, stability, and gradual growth, distinguishing it from the volatility often associated with cryptocurrencies.
- User-Friendly Interface: Prioritizes a user-friendly interface to lower the barrier to entry, making it easier for a broader audience to engage with the platform.
- Security Measures: Implements state-of-the-art security protocols to safeguard user assets and data. From advanced encryption methods to multi-factor authentication, the project places a high premium on protecting its community.
- Community-Driven Development: Committed to a community-driven approach. Regular updates, open dialogue with users, and community input play a pivotal role in shaping the project’s trajectory.
- Sustainable Growth Strategy: Embraces a sustainable growth strategy, focusing on long-term development and stability. This approach includes strategic partnerships, continuous technological upgrades, and a commitment to ethical practices in the crypto sphere.
Burnt (XION) has raised over US$11 million in funding from notable investors such as Animoca Brands, Circle Ventures, Hashkey Capital, Spartan, Injective, Alliance DAO, Sandeep Nailwal (Polygon), among others.

Will there be a Burnt (XION) token airdrop?

Burnt (XION) recently launched their Generalized Abstraction Testnet. Meanwhile, their mainnet is expected to launch later this year. There are currently some tasks you can do on the Burnt (XION) testnet, such as playing their game. Burnt (XION) also has some Galxe quests for users to complete and NFTs which can be minted. These are generally tasks which, if done, could position you for a potential airdrop.

How to get a potential Burnt (XION) token airdrop?
Time needed: 1 hour
Here’s our guide on how to get a potential Burnt (XION) token airdrop
1. Connect to XION
  Go to https://xion.bonusblock.io/?r=eHe8WxhP and sign in with your email to create a new account.
2. Mint Burnt (XION) NFTs
  Complete the tasks to mint NFTs. Tasks include linking your social media profiles, referring friends, playing games and participating in XION’S Abstractathon.
  
  Note the Crash Game is not always available, so you will need to check back often to see if it works. The aim of the Crash Game is to click as fast as possible to “crash” XION. However, you need to beat the score of 186 points in order to win.
  
  Also, the Buidl Campaign task will require you to have a DoraHacks account and to submit a Buidl. This task is quite complex and requires you submit a project with code. So, if you are a developer you may wish to attempt this task.
3. Complete Burnt (XION) Galxe quests
  Go to Burnt’s (XION) Galxe quest page and complete the tasks before 1st January 2024. Tasks include following their social media pages and visiting their pages. Complete their 3 quests: Generalized Abstraction Crash Game, XION Expedition and Generalized Abstraction Testnet-Launch Supporter.
4. Mint OAT
  To mint the OAT on Galxe, you will need MATIC to pay gas fees. Note that once you have deposited the Galxe Smart Balance for gas fees the amount cannot be withdrawn or transferred.
5. Complete Burnt (XION) Guild tasks
  Go to https://guild.xyz/burnt and join the Guild. Complete the Guild tasks. Tasks include obtaining roles on the Burnt (XION) Discord server. To do this, you will need to engage with the community on Discord and produce content for Burnt (XION) such as educational blogs or videos.
6. Mint Guild Pin
  On the Guild page, click “Mint Guild Pin” and follow the steps to mint the pin. It will cost around 2 MATIC plus gas fees to do this.
Burnt (XION) airdrop review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of airdrop: Burnt (XION) recently launched their Generalized Abstraction Testnet, and mainnet launch later this year! Currently, Burnt (XION) has some missions where you can complete to mint NFTs, which may translate into token airdrops in the future! However, an airdrop has not been confirmed by the team yet.

Airdropped token allocation: The Burnt (XION) airdropped token allocation is unknown.

Airdrop difficulty: Most of the tasks are social tasks, which are quite simple. Later tasks however require a lot of engagement and content production which will take more time. One of the tasks also requires development knowledge which may be too advanced for most people.

Token utility: Burnt (XION) token utility is unknown.

Token lockup: Burnt (XION) token lockup is unknown.
January 29, 2024
SatoshiVM ($SAVM) token airdrop guide
SatoshiVM ($SAVM) is a technology that allows Bitcoin to work with Ethereum’s EVM ecosystem. This means that Bitcoin can now create new assets and applications. SatoshiVM uses a decentralized Bitcoin ZK Rollup Layer2 that is compatible with the EVM ecosystem and uses native BTC as gas. There is a strong chance SatoshiVM will be doing an airdrop, and it will be completely FREE to participate as the tasks are all done on the Bitcoin testnet and Ethereum Sepolia testnet. Here’s our SatoshiVM ($SAVM) token airdrop guide.

Check out our SatoshiVM ($SAVM) token airdrop video guide!

SatoshiVM ($SAVM) testnet airdrop GUIDE and UPDATES (DON’T MISS OUT!)

What is SatoshiVM ($SAVM)?

SatoshiVM is a virtual machine that runs smart contracts on the Bitcoin network. A virtual machine is a program that acts like a computer inside another computer. A smart contract is a set of rules that can execute automatically without human intervention. The Bitcoin network is a system of computers that use a digital currency called Bitcoin.

Some of the main features of SatoshiVM are:
- Compatibility: It can run smart contracts written in different languages, such as Solidity, Rust, or C++.
- Security: It uses a technique called formal verification to check that the smart contracts are correct and do not have errors or bugs.
- Scalability: It can handle a large number of transactions per second, thanks to a technology called sharding that splits the workload among different nodes.
- Privacy: It can protect the identity and data of the users, using methods such as zero-knowledge proofs and encryption.
Will there be a SatoshiVM ($SAVM) token airdrop?

There are lots of rumours circulating Twitter that SatoshiVM will do a $SAVM token airdrop. SatoshiVM has recently launched their testnet and only the faucets and the bridges are live. The Swap feature is expected to launch soon. Therefore, we are very early, and it is worth positioning yourself now for this airdrop.

It is worth positioning yourself for the SatoshiVM because according to the leaked $SAVM tokenomics, the Fully Diluted Valuation of the $SAVM token is very low. And we have seen in other low FDV token launches that returns can be as high as 50x. So, this means that if the SatoshiVM token is launched, it will also likely result in huge returns.

How to get a potential SatoshiVM ($SAVM) token airdrop?
Here’s how to get a potential SatoshiVM ($SAVM) token airdrop:
1. Set up SatoshiVM testnet on MetaMask
  Go to https://testnet.svmscan.io/ and connect your wallet. Then, scroll down and click the “Add SatoshiVM Testnet” on the bottom left hand corner. Approve the transaction on your MetaMask wallet.
  
  Alternatively, if you want to do this manually, go on MetaMask, click the top left hand button and “Add Network”. Then select “Add network manually” and type the following SatoshiVM Testnet information onto your MetaMask.
2. Set up UniSat wallet
  Go to https://unisat.io/ and select “Download from ChromeStore”. Follow the steps to set up your wallet. Remember to write down your seed phrase offline and keep it in a safe place so you reduce the risk of losing your funds.
  
  On your UniSat wallet, go to “Settings” and “Address type”. Make sure that “Native Segwit (P2WPHK)” is the first selection. Then, on “Network”, make sure you are on the “TESTNET” network.
3. Fund UniSat wallet with testnet Bitcoins ($tBTC)
  Go to https://bitcoinfaucet.uo1.net/send.php and paste your UniSat wallet address for testnet Bitcoins. Accumulate some $tBTC by requesting as much as you are allowed.
  
  You can also go to https://coinfaucet.eu/en/ to request $tBTC.
4. Bridge testnet Bitcoins ($tBTC) to SatoshiVM testnet
  This is where the core of the testnet activity will be, because SatoshiVM is made to be a bridge between Bitcoin and the Ethereum Virtual Machine. To bridge test Bitcoins to SatoshiVM Testnet using the SatoshiVM BTC bridge, go to https://bridge.satoshivm.io/. On the “Deposit” tab, type in the amount of testnet Bitcoins ($tBTC) you want to bridge and click “Deposit”.
5. Bridge more $tBTC
  Repeat steps 3 and 4 above to bridge even more $tBTC to SatoshiVM. Do this more often to position yourself for when more features are launched on the SatoshiVM testnet!
6. Accumulate some Sepolia ETH
  SatoshiVM has a tSAVM faucet feature which will go live soon. When it does, you will need Sepolia ETH to pay for gas fees. Therefore, to position yourself for when the feature does go to live, go to https://sepoliafaucet.com/, enter your wallet address and click “Send me ETH”.
  
  You can also go to https://www.infura.io/faucet/sepolia for Sepolia ETH.
BONUS: SECRET strategies to maximise your SatoshiVM airdrop

Here are some SECRET strategies to maximise your SatoshiVM airdrop:

Deploying a smart contract (including tokens)

To increase your chances of getting the SAVAM airdrop, it’s important to deploy smart contracts on the SatoshiVM testnet. Note you will need a lot of testnet BTC to pay for gas fees (around 0.0010491 testnet BTC), so make sure you have plenty.

To deploy smart contracts on the SatoshiVM testnet, go to Thirdweb and under the “Contracts” section click “Deploy”. Then click “+Deploy contract”, then under the “Popular” section click on “Token” and then “Deploy now”. We suggest you read the “Technical Design Doc” as it will be very helpful. Follow the instructions provided, including inputting a name, a symbol for the contract and a description. We do not suggest you upload a file for the token logo as an error message will show up. Fill in your address as the primary sale recipient.

Afterwards, you will need to add the SatoshiVM network. To do this, under “Select Network” click “Add Custom Network” and copy and paste the SatoshiVM Testnet network details from the SatoshiVM docs. Remember to select “Testnet” as the Network type. Finally, click “Add Network”. Once you see SatoshiVM Testnet appear under “Network/Chain”, click “Deploy Now”.

Click on the “Contracts” tab on the top, find your contract and click on it. There will be an option for you to mint your tokens. Mint your tokens!

Interact with smart contracts on testnet

Go to https://testnet.svmscan.io/tokens and under “Tokens” find a token where it is not fully minted yet i.e. those with fewer holders than the max supply. Then, click into a token and look for those with a green check mark next to the word “Contract” i.e. “Contract✓“. Then click “Write contract” and find the “PublicMint” section. In that section, type in the amount you wish to mint and click “Write”. Approve the transaction in your Metamask wallet. Note you will need testnet BTC to pay for transaction fees, which could be a lot.

Also, clicking into any section under “Contract✓” and filling in details also counts towards the requirement of interacting with smart contracts.

Run a validator node on SatoshiVM

Running a validator node on SatoshiVM could further increase your chances of getting the airdrop. To run a validator node on SatoshiVM, go to https://wizard.openzeppelin.com/. Fill in the token name and symbol. Then under features click “Mintable” and click “Open in Remix” on the right hand corner. In the popup window, you an import additional code. This will include making a vendor smart contract or additional proxy smart contracts.

https://youtube.com/live/O70eXlo01UE
SECRET Strategies SatoshiVM Airdrop Farmers are NOT telling you…

How to claim SatoshiVM ($SAVM) token airdrop?

On 19th January 2024, SatoshiVM ($SAVM) token launched on Uniswap with SAVM/WETH and SAVM/USDC trading pairs. SatoshiVM also launched on Ape Terminal at https://launch.apeterminal.io/project/satoshivm.

However, the team have announced there is currently no active $SAVM airdrop being claimable under any links. So be wary of any links claiming to be $SAVM airdrop claim links as those are likely scams.

This is the final Tweet in this thread 👇🏼

There is currently no active $SAVM airdrop being claimable under any link at this moment.

Double check every link you interact with, don’t fall for scams!

— SatoshiVM (@satoshivm) January 16, 2024

SatsoshiVM does not have any active $SAVM airdrop being claimable

SatoshiVM ($SAVM) airdrop review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of airdrop: There is a lot of rumours surrounding a potential SatoshiVM airdrop. Considering how good airdrops are for a project’s exposure, we also think SatoshiVM is likely to do a token airdrop.

Airdropped token allocation: The SatoshiVM airdrop allocation is unknown.

Airdrop difficulty: The SatoshiVM airdrop only has the bridging function on testnet. So, tasks only involve accumulating testnet tokens for later use when more features are available, and to bridge tokens. Remember it is only testnet so you will not be using real funds! It can’t get any easier than this!

Token utility: The $SAVM token utility is unknown.

Token lockup: There is no information on the $SAVM token lockup yet.
January 25, 2024
Berachain ($BERA, $BGT) token airdrop guide
Berachain ($BERA, $BGT) is a high-performance, EVM-compatible blockchain that uses Proof-of-Liquidity consensus to align network incentives and support decentralized applications. There are rumours all over Twitter that Berachain will do a token airdrop. Berachain is in the testnet phase so any airdrop tasks will not require real funds. Also, as Berachain is in the Celestia ecosystem, there is a good chance Berachain could do a 2 in 1 airdrop! Here is our Berachain ($BERA, $BGT) token airdrop guide.

Check out our Berachain Testnet Airdrop Video Guide!

https://www.youtube.com/watch?v=TOdKuUKDZwA
Berachain testnet airdrop guide

What is Berachain?

Berachain is a fast and powerful blockchain that can run smart contracts like Ethereum. It uses a new way of running the blockchain called Proof-of-Liquidity, which rewards people for providing money to the network, making it more stable and secure. Berachain’s technology is built on Polaris, a high-performance blockchain framework for building EVM-compatible chains on-top of the CometBFT consensus engine.

Here is a summary of what Berachain is and its main features:
- Berachain: A fast and powerful blockchain that can run smart contracts like Ethereum, but with some extra benefits.
- Proof-of-Liquidity: A new way of running the blockchain that rewards people for providing money to the network, making it more stable and secure.
- Polaris EVM: A software tool that helps developers create smart contracts for Berachain, using the same languages and tools as Ethereum.
- CometBFT: A software tool that helps the blockchain reach agreement on what transactions are valid, using a fast and efficient method.
Bearachain is backed by notable VCs such as Polychain Capital and Hack VC, making it a highly anticipated project in 2024!

Will there be a Berachain token airdrop?

Berachain have not confirmed it will do an airdrop, but there are certainly lots of rumours on Twitter that they will. Considering how well other Cosmos ecosystem projects are doing these days with their airdrops, it is highly likely that Berachain will also do its own airdrop. Also, Berachain’s public testnet known as Artio just went live on 11th January 2024. This means we are now very early to this airdrop, and it is a good opportunity to start positioning yourself for it. Most importantly, as it is a testnet, it means that you will not need to use any real funds to do the tasks, so it is virtually 0 risk to do this potential airdrop!

What is the Berachain ($BERA, $BGT, $HONEY) token?

Berchain will have two tokens $BERA and $BGT. The BERA token is the network token used to send transactions on the blockchain, which is why it’s sometimes called the “gas token.” It’s what pays for the transaction’s gas. The BERA token has not been released yet, and there is no way to get it as of Jan 11th, 2024.

Meanwhile, the $BGT token is the governance token of Berachain, a Proof of Stake blockchain that uses a Proof of Liquidity model. The BGT token has the following characteristics:
- Depositing liquidity in the native BEX is the only way to acquire BGT, and it is non-transferrable.
- Performing certain actions in authorized dApps, such as providing liquidity for LP pairs that earn BGT emissions, allows you to accumulate BGT.
- You can delegate BGT to a validator to secure the network and participate in governance proposals.
- You can burn BGT 1:1 for BERA, the main network token. However, note that this is a one-way function, and BERA cannot be converted into BGT.
I hope this helps!

Berachain will also have its own stablecoin known as $HONEY, which aims to be at 1:1 with USDC. Once the Berachain Mainnet is live, Honey. will be able to be minted using the Honey dApp on purchased on Berachain’s DEX.

How to get a potential Berachain ($BERA, $BGT, $HONEY) token airdrop?

Berachain is in the Cosmos ecosystem, so there is a good chance that positioning yourself for a potential Berachain airdrop can also make you eligible for a Cosmos airdrop! This means you can get a 2 in 1 airdrop with Berachain and Celestia!
Here’s how to get a potential Berachain token airdrop
1. Connect MetaMask to Berachain
  You can automatically connect your MetaMask wallet to Berachain by going to the Berachain Docs and clicking “Add testnet”. Approve the transaction on your MetaMask.
2. Follow Berachain on social media
  Go to https://www.ber achain.com/ and follow their social media pages by clicking on the buttons at the top of the page.
3. Participate in the Berachain Discord community
  You can ask or help answer questions on the Berachain Discord community. Aside from doing something good for the community, it may also be helpful for any potential airdrop as you may rank up and get exclusive roles based on your Discord activity. As we’ve seen in many past airdrops, this can potentially qualify you for airdrops and maybe even whitelist access.
4. Get testnet BERA tokens
  Go to https://artio.faucet.berachain.com/, enter your wallet address and click “Drip tokens”. However, this may not work as the Berachain team have said that they are experiencing a lot of network congestion. However, it may be helpful to try this occasionally as the network may be better later on.
  
  Update: Artio’s public testnet faucet is back online!!!
  
  Alternatively, if you scroll down you can go to Berachain’s other facuet partners i.e. Honey Jar Faucet and Quicknode Faucet.
5. Swap tokens on Berachain DEX
  Go to the swap features on Berachain DEX. Swap your testnet BERA tokens for $STGUSDC.
6. Mint HONEY tokens
  Go to Honey and mint the STGUSDC to the HONEY token.
7. Supply and borrow HONEY
  BEND is Berachain’s equivalent to Aave, which is a borrowing and lending protocol. To interact with BEND, connect your wallet to https://artio.bend.berachain.com/. Scroll down to the “Available to supply” section and supply HONEY. Remember to enable HONEY as collateral. Then, go to the “Available Borrows” section and borrow HONEY. You will earn rewards in $BGT tokens by supplying and borrowing HONEY.
8. Interact with BERPS
  BERPS is Berachain’s perpetuals market which will allow high leverage trading of up to 100x leverage for your favourite token pairs. Connect your wallet to https://artio.berps.berachain.com/ and choose any trading pair to long or short. Note that as you are only using testnet tokens, you do not have to worry about risk of liquidation.
  
  Then, deposit HONEY to the Vaults by going to the “Vaults” tab, selecting the amount of HONEY you wish to deposit and clicking “Approve HONEY”. You will receive rewards in bHONEY by doing this.
9. Stake and vote on BGT Station
  The BGT station is the hub for BGT governance. Connect your wallet to https://artio.station.berachain.com/. You will be able to delegate and vote using BGT when the feature becomes available and there are governance proposals.
10. Create NFT drop collection
  Connect your wallet to https://nfts2me.com/create/drop/ and complete the details required to create your NFT drop collection. Then click “Deploy to Berachain Artio Testnet”.
11. Complete Galxe quests
  Go to the Berachain Galxe quest page and connect your wallet. Make sure you are on the Ethereum network. Complete the tasks and earn points. Most importantly, get the Bera Cub role as it may open the doors for other whitelist opportunities and perks.
  
  Here are the answers to the Intro to Berachain quiz on Galxe: C, D, D, D, A
Berachain ($BERA, $BGT) airdrop review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of airdrop: There is a lot of rumours surrounding a potential Berachain airdrop. Berachain is part of Celestia ecosystem and right now other projects on the ecosystem are getting a lot of exposure through airdrops. Therefore we think Berachain is likely to do a token airdrop.

Airdropped token allocation: The Berachain airdrop allocation is unknown.

Airdrop difficulty: Berachain currently is in its testnet phase. So you will not be at risk of losing any real funds by doing the airdrop tasks.

Token utility: Berachain will have the $BERA, $BGT and $HONEY tokens. Each of these tokens will have its own set of utilities.

Token lockup: There is no information on the $BERA and $BGT token lockup yet.
January 24, 2024
Pyth Network ($PYTH) token staking airdrop guide
Pyth Network ($PYTH) is the world’s largest first party decentralized oracle network that connects market data from the world’s largest professional traders and exchanges to any smart contract, anywhere. They also provide real-time price feeds for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities to smart contract developers on more than 40 blockchains. Pyth Network has finished its airdrop a while ago. However, those who are staking $PYTH tokens can have access to potentially hundreds of airdrops in the Solana ecosystem. This could mean the potential to make thousands of dollars! Here is our guide to Pyth Network (PYTH) token staking for Solana airdrops.

Check out our video on $PYTH Staking for MULTIPLE Airdrops!

https://www.youtube.com/live/RhhZqN-Y8_M

What is Pyth Network ($PYTH)?

Pyth Network ($PYTH) is the world’s largest first-party decentralized oracle network that connects market data from the world’s largest professional traders and exchanges to any smart contract, anywhere. They offer real-time price feeds for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities to smart contract developers on more than 40 blockchains. The network is designed to provide high-quality financial market data on blockchains to make it reliably accessible for on-chain applications. Here are some of the main features of Pyth Network:
- A data network for smart contracts: Pyth connects high-fidelity market data from the world’s largest professional traders and exchanges to any smart contract, anywhere.
- A source of reliable and low-latency data: Pyth delivers smarter data for your smart contracts by using institutional sources that have access to real-time and accurate market information.
- A platform for decentralized applications: Pyth enables developers to build dApps that leverage the power of nuclear fusion, such as decentralized finance, gaming, sports betting, and more.
What is the Pyth Network ($PYTH) token?

Pyth Network’s native token is called $PYTH. It is a financial oracle solution that provides real-time market data to various blockchain protocols. The network aggregates data from multiple first-party sources in order to ensure accuracy. According to Coingecko, the current price of PYTH is $0.3508 with a 24-hour trading volume of $85,774,807. Data providers and validators on the network are incentivized using the $PYTH token, which is also used to pay for transaction fees and governance.

Will I qualify for Solana ecosystem airdrops by staking Pyth Network ($PYTH) tokens?

Staking $PYTH tokens can potentially qualify you for multiple Solana ecosystem airdrops since Pyth Network is part of the Solana ecosystem, which is expected to have a series of airdrops. By staking $PYTH tokens onto the Pyth Network, you could become eligible to receive airdrops from various projects that are part of the Solana ecosystem. These airdrops can potentially result in receiving thousands of dollars’ worth of tokens from different projects. By staking $PYTH tokens, you can participate in the community and onboard new projects, which is viewed as a marketing tool and a way to bootstrap liquidity.

How to stake Pyth Network ($PYTH) token for multiple Solana airdrops?
Time needed: 5 minutes

Here’s how to stake Pyth Network ($PYTH) token for multiple Solana ecosystem airdrops:
1. Set up Phantom wallet
  To set up a Phantom wallet, download the Phantom wallet Chrome extension here. You will need the Phantom wallet as is the primary wallet for the Solana ecosystem.
2. Get Pyth Network ($PYTH) tokens
  You will need to buy or transfer Pyth Network ($PYTH) tokens to your Phantom wallet in order to stake it on Pyth Network. You can buy Pyth Network ($PYTH) tokens on major exchanges such as Bybit. Alternatively, you can get $PYTH from decentralized exchanges like Jupiter. Make sure to use limit orders for Jupiter to qualify for the Jupiter airdrop.
  
  Sign up for Bybit here!
3. Set up Pyth profile
  Connect your wallet to https://staking.pyth.network/profile and enter your EVM address, then click “Submit”. Refresh the page, and if your EVM address is still there then it means it is submitted.
4. Deposit and stake $PYTH
  Connect your Phantom wallet to https://staking.pyth.network/. Select the amount of $PYTH you wish to stake and click “STAKE”. Note there is a minimum number of $PYTH you must stake. We expect the amount to be around 1,000 PYTH tokens, although the Pyth Network team has not confirmed it yet. Staking enables you to participate in Pyth Network governance. Newly staked $PYTH tokens become eligible to vote in governance at the beginning of the next epoch, which starts every Thursday at 00:00 UTC and lasts 7 days.
5. Stake $PTYH and interact on Nabla Finance
  Go to https://app.nabla.fi/ and stake your $PTYH tokens. You can also interact with their protocol by swapping, adding or removing liquidity.
  
  Update: The Nabla Finance Testnet Alpha has already concluded. Nabla Finance have also confirmed there will be an increased reward pool of 7 million $AMBER tokens available as airdrop rewards, and that the reward requirements will be loosened.
6. Stake $PYTH on Degen Base
  Connect your wallet to Degen Base and click “Trade now”. Go to the “Earn” section and stake a minimum of 500 $PYTH.
7. Vote in Pyth Network governance
  Go to https://app.realms.today/dao/PYTH and vote on proposals. To vote, click on the proposal and click the yes or no buttons to vote. Note there are no recent new proposals right now, so check back often.
8. Unstake $PYTH
  Go to the “Unstake” tab at https://staking.pyth.network/. Specify the amount you wish to unstake and click “Unstake”. Confirm the transaction in your Phantom wallet. Note you will need to wait for the end of the cooldown period to access your tokens. The cooldown period is 1 epoch after the end of the current epoch.
9. Withdraw $PYTH
  To withdraw your $PYTH tokens, go to the “Withdraw” tab at https://staking.pyth.network/. Enter the amount you wish to withdraw and confirm the transaction in your Phantom wallet.
10. Claim Degen Base airdrop
  Degen Base already took a snapshot on 16th February 2024 and will be airdropping $DB tokens to those who are eligible. To check your eligibility for the Degen Base ($DB) token airdrop, connect your wallet to https://airdrop.degenbase.trade/ and click “Check Eligibility”.
11. Claim Nabla Finance airdrop
  Nabla Finance will distribute their AMBER Tokenised Points rewards in batches between 29th February and 10th March 2024. A list of those eligible participants can be found HERE and AMBER Tokenised Points will be automatically airdropped to their wallets. If you think there was a mistake with your reward calculation or your wallet was wrongly missed out from their list, you can also fill out their Google Form. AMBER Tokenised Points can be converted to $AMBER tokens when it launches in the future.
Pyth Network ($PYTH) token staking review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of airdrop: Pyth Network has finished its airdrop, but staking is to position yourself for other Solana ecosystem airdrops.

Airdropped token allocation: The airdropped token allocation would depend on the project doing the airdrop.

Airdrop difficulty: Positioning yourself for the airdrop only requires you to stake Pyth Network ($PYTH) tokens. This is very simple but does require real funds.

Token utility: The token utility would depend on the project doing the airdrop.

Token lockup: The token lockup period would depend on the project doing the airdrop.
January 23, 2024
Cosmos Inscriptions: Mint FREE CFT-20 tokens on Asteroid Protocol
Cosmos Inscriptions are a type of Non-Fungible Token (NFT) that are minted on the Cosmos blockchain network. Asteroid Protocol now enables the creation of these Cosmos Inscriptions and CFT-20 tokens. Here’s our guide on Cosmos Inscriptions and how to mint free CFT-20 tokens on Asteroid Protocol.

Check out our video on Cosmos Inscriptions: Mint FREE CFT-20 tokens before they go LIVE!

https://www.youtube.com/watch?v=3PR8m1I1ZKE

What are Cosmos Inscriptions?

Cosmos inscriptions are a type of NFT minted on the Cosmos blockchain network. Inscriptions are essentially individual JPEG images permanently written onto the Cosmos blockchain. This concept is deeply related to the Ordinals Protocol on the Cosmos Hub but extends to Cosmos ecosystem. They can be minted, traded, and potentially hold significant value based on their rarity and desirability within the community. These inscriptions can be unique and collectible, similar to how NFTs work on other blockchains like Ethereum.

How to mint Cosmos Inscriptions (CFT-20 tokens) for free?
Time needed: 5 minutes
Here’s how to mint Cosmos Inscriptions (CFT-20 tokens) for free:
1. Set up wallet
  Download and set up a Keplr or Leap wallet.
2. Fund wallet with Cosmos ($ATOM) tokens
  You will need to buy or transfer Cosmos $ATOM tokens to your Keplr wallet in order to stake it on validators. You can buy Cosmos $ATOM tokens on major exchanges such as Bybit. Note: 1 ATOM allows approximately 2000 inscriptions.
  
  Sign up for Bybit here!
3. Connect to Asteroid Protocol
  Connect your wallet to https://asteroidprotocol.io/app
4. Prepare inscriptions
  Choose what kind of JPEG image you want to inscribe on the blockchain. This JPEG image will then be your token. Note the JPEG must have minimum dimensions of 250×250, and maximum dimensions of 1024×1024. There is also a maximum file size limit of 550kb.
5. Create CFT-20 token
  Click “CFT-20 Tokens” and then “Create”. Here you can create your token. Fill in the token information such as the title and ticker. Also, define the maximum supply of your token and then set the maximum you can mint at one time. Upload your JPEG and click “Create token”. Note you will need to pay transaction fees in $ATOM.
6. See your CFT-20 token
  Go to “CFT-20 Tokens” and “Browse” to look up your token using the ticker you’ve assigned it. Then click “mint”. Remember, the number of times you can mint is determined by how much ATOM you have in your wallet, and you will need to click “mint” each time to mint 1 token. Please note, inscriptions haven’t started trading yet. However, you can mint and get ready for when the marketplace opens.
Mint Cosmos Inscriptions (CFT-20 tokens) on Asteroid Protocol

Conclusion

Cosmos Inscriptions are a type of Non-Fungible Token (NFT) that are created on the Cosmos blockchain network. The Asteroid Protocol now allows for the creation of these Cosmos Inscriptions and CFT-20 tokens. This is a little known yet potentially valuable avenue in the Cosmos Hub that could offer exciting opportunities. With our guide on how to mint free CFT-20 tokens on Asteroid Protocol, it is very simple and definitely worth a try. What’s more, it may only be free to mint CFT-20 tokens for a limited time!
January 23, 2024
AetherEVM ($AETHER) token airdrop guide: No snapshot yet!
AetherEVM ($AETHER) have confirmed they will be doing an airdrop for Cosmos ($ATOM) stakers and the snapshot has not been taken yet. The team have confirmed they will be airdropping 34.16 million tokens to Cosmos $ATOM stakers! Here is our AetherEVM ($AETHER) token airdrop guide

Check out our AetherEVM ($AETHER) token airdrop guide!

https://www.youtube.com/watch?v=mhBs64ma2CI
AetherEVM ($AETHER) Airdrop CONFIRMED for $ATOM Stakers (URGENT!)

What is AetherEVM ($AETHER)?

Aetherevm is a project that aims to create an EVM-compatible consumer chain with full vertical integration and core DeFi primitives on the Cosmos network. Here are some main features of AetherEVM ($AETHER):
- EVM-compatible consumer chain: A blockchain that can run Ethereum Virtual Machine (EVM) smart contracts and interact with other blockchains through Inter-Blockchain Communication (IBC) protocol.
- Full vertical integration: A design that allows AetherEVM to have its own native token (AETHER), consensus mechanism (Tendermint BFT), and governance system without relying on external platforms or services.
- Core DeFi primitives: A set of decentralized finance (DeFi) applications and features that enable users to lend, borrow, swap, stake, and earn AETH and other tokens on AetherEVM.
Will AetherEVM ($AETHER) do a token airdrop?

AetherEVM have confirmed they will do a token airdrop soon. 40% of AetherEVM tokens will be reserved for the airdrop to Cosmos $ATOM token stakers. The snapshot has not been taken yet so it is a good time now to start positioning yourself for this airdrop. Note that only staking on non centralized exchange (CEX) validators will qualify you for the airdrop. So do not stake on CEX validators such as Binance or Coinbase.

$ATOM stakers just keep on winning ⚛️

@AetherEVM_ has released details of their upcoming airdrop, and a sizeable allocation is reserved solely for $ATOM stakers 🔥

Aether is building DeFi primitives to enhance ATOM usecases, specifically for LSDs pic.twitter.com/EyOrlAqbmF

— Leap Wallet (@leap_wallet) January 17, 2024

How to get the AetherEVM ($AETHER) token airdrop?
Time needed: 5 minutes

Here’s how to get the AetherEVM ($AETHER) token airdrop
1. Buy or transfer Cosmos $ATOM
  You will need to buy or transfer Cosmos $ATOM tokens to your Keplr wallet in order to stake it on validators. You can buy Cosmos $ATOM tokens on major exchanges such as Bybit.
  
  Sign up for Bybit here!
2. Go to Keplr dashboard
  Go to your Keplr wallet dashboard. Click “Chains” on the side bar and go to “Cosmos Hub”.
3. Find a community validator
  Go through the list and find a community validator you wish to stake with. Note that all non-CEX validators are eligible for the airdrop. Examples of non-CEX validators i.e. community validators include Cosmostation, Stakecito and some validators with “Nodes” at the end of their name.
4. Stake $ATOM
  Click into your chosen validator, type in the amount of $ATOM tokens you wish to stake and click “Stake”. We suggest, if possible, to stake more than 1 $ATOM token to avoid being mistaken for a Sybil farmer. This is because some projects will actively locate and disqualify any Sybil farmers from the airdrop. We usually stake 10 $ATOM for validators on the Cosmos Hub.
AetherEVM ($AETHER) airdrop review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of airdrop: AetherEVM ($AETHER) airdrop is now live!

Airdropped token allocation: AetherEVM have confirmed they will airdrop 70% of their token supply, of which 40% (i.e. 34.16 million) will be reserved for $ATOM stakers.

Airdrop difficulty: The AetherEVM airdrop only requires participants to stake Cosmos $ATOM onto non-CEX validators. This is a very simple task but requires you to use real funds.

Token utility: The AetherEVM ($AETHER) token utility is unknown.

Token lockup: The AetherEVM ($AETHER) token lockup is unknown.
January 22, 2024