Boxmining v2

Author: Angela Wang

  • Omni Network ($OMNI) Token Airdrop Guide: : Free hidden gem!

    Omni Network ($OMNI) Token Airdrop Guide: : Free hidden gem!

    Omni Network is a layer 1 blockchain built to connect all rollups. It empowers developers to build global applications that are available across all rollups and is secured through restaking Ethereum. The project has not announced a token or airdrop yet, but their testnet has recently opened. And projects KNOW that one way to get more users is through airdrops, so an Omni Network token airdrop is possible. Here’s our guide to an Omni Network ($OMNI) token airdrop.

    Learn more about Layer 2 scaling solutions.

    What is Omni Network?

    Omni Network is a blockchain technology that operates at layer 1 and connects all rollups. This allows developers to create global applications that work across all rollups and is secured by restaking $ETH.

    Omni Network has closed an US$18 million funding round with participation from Pantera Capital, Two Sigma Ventures, Jump Crypto, Hashed, The Spartan Group and others. They have also announced their core technology partner as Eigenlayer with first rollup teams including Arbitrum, Polygon Labs (creators of Polygon zkEVM), StarkWare Ltd (creators of StarkNet), Scroll ZKP and Linea. These projects also have their own airdrops, so maybe there is a chance of getting multiple airdrops in one?

    Does Omni Network have a token?

    Omni Network has not yet announced a token or airdrop but their testnet has recently become available. Their testnet allows people to stake testnet $OMNI, which is a strong hint that they may release an $OMNI token in the future. Also, there are currently some social tasks which can be completed, which may pave the way for an eventual airdrop.

    How to Get the Potential Omni Network Token Airdrop?

    Time needed: 30 minutes

    Omni Network has recently opened their testnet and set up some social tasks for users to complete. This may be a strong hint that Omni Network is preparing for an eventual token airdrop.

    1. Complete tasks on Galxe and claim your OAT

      Connect your wallet to Omni Network’s Galxe page. Follow their Twitter, join their Discord and like their Tweet. Then, claim your OAT, which will position you as an early user of Omni Network.

    2. Complete further tasks on Galxe to claim second OAT

      Connect your wallet to Omni Network’s Galxe page. To become an Omni Network Space User, follow their Galxe space. To complete the Optimism Transactors task, perform any transaction on the Optimism chain. Then, claim your second OAT, which will give you access to the Omni Network testnet.

    3. Get testnet tokens

      Go to the Omni Network testnet faucet, enter your wallet address and click “Fund”. The faucet is occasionally experiencing errors, so try again if this happens.

    4. Stake testnet $OMNI tokens

      Connect your wallet to https://farm.omni.network/ and follow the prompts on your wallet to add and switch to the Omni testnet network. Then, stake (deposit) your $OMNI tokens.

    5. Claim staking rewards

      Go to the “Claim” tab where you will see how much $MEME you have earned through staking $OMNI. Click “Claim Now” to claim your rewards.

    6. Complete tasks on questboard

      Go to Omni Network’s Zealy Questboard and complete the tasks. Tasks include following their social pages, inviting friends to join Omni and answering quizzes. Here are the answers to Onmi Network’s Zealy quiz: C, A, B, D, A, B, A, C, B, C, A, A, A, A, D.

    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: Omni Network has not announced a token or airdrop yet, but the availability of testnet $OMNI for staking on their recently opened testnet suggests the possibility of a future $OMNI token release and potential airdrop.

    Airdropped Token Allocation: There are no tokenomics yet.

    Airdrop Difficulty: The social tasks are simple. Also, there is only one feature on the testnet so far (staking) which is very user-friendly.

    Token Utility: There are no details of the token utility yet.

    Token Lockup: There are no tokenomics yet.

  • Hinman documents: Everything you need to know

    Hinman documents: Everything you need to know

    The Hinman documents are a collection of internal SEC messages concerning a speech given by former SEC Director William Hinman in 2018. These documents have been at the center of attention in the ongoing SEC v. Ripple lawsuit. In this article, we will explore the Hinman documents, their expected unsealing date, and their potential impact on the crypto market and XRP holders. We will also discuss why these documents are important for both the SEC v. Ripple case and the crypto industry as a whole.

    What are the Hinman documents?

    The Hinman documents relate to internal SEC messages concerning a speech given by former SEC Director William Hinman in 2018. In that speech, Hinman stated that cryptocurrencies like Bitcoin and Ethereum may initially be classified as securities. But, as they become more decentralized, can transition into something more similar to a commodity.

    Ripple requested these documents in discovery during their lawsuit with the SEC and received them on 21st October 2022. The SEC attempted to keep the documents sealed by claiming that they were not relevant to the case. However, on 16th May 2023, Judge Torres denied the SEC’s motion to seal and ruled that the documents were subject to public access.

    When will the Hinman Speech Documents be unsealed?

    The Hinman documents are expected to be unsealed on 13th June 2023.

    What can we expect from the Hinman documents?

    We can expect to see emails and comments made by Hinman, Valerie Szczepanik and SEC staff in relation to Hinman’s speech, as well as drafts of the speech itself. These documents will only have limited redactions.

    Would the Hinman documents refer to the XRP token?

    The Hinman documents may mention XRP because the SEC enforcement team was dealing with XRP in other matters around the same time Hinman’s speech was being drafted and commented on. Additionally, XRP ranked 2 or 3 in market capitalization following Bitcoin and Ethereum at that time. (Phentermine) So, XRP was definitely in the forefront of the SEC’s minds at the material time.

    Why are the Hinman documents important for crypto?

    The Hinman documents are important for the crypto industry because they talk about how cryptocurrencies could transition from securities to commodities. This means that the legal status of cryptocurrencies could change over time as they become more decentralized. This will have a significant impact on the future of cryptocurrency regulations. The outcome of the SEC’s case against Ripple could also set a legal precedent. This would in turn affect the entire crypto industry.

    Why are the Hinman documents important to the SEC v. Ripple case?

    The Hinman documents are important to the SEC v. Ripple case. Including all current and potential enforcement actions by the SEC against other crypto projects, exchanges, companies, and tokens. This is because the documents may contain comments suggesting that XRP does not satisfy all elements of the Howie Test. This implies that it is not a security for purposes of the Federal Securities Laws.

    Ripple CEO Brad Garlinghouse is anticipating the release of these documents, saying that they will be “well worth the wait”. This suggests Ripple expects the documents to contain information favouring Ripple and their contentions that XRP is not a security.

    Predictions on the likely outcome of the SEC vs Ripple lawsuit?

    There are predictions that there will be a 25% chance that Ripple will see an outright victory in the SEC vs Ripple lawsuit. Versus a 5% chance of an outright win by the SEC.

    What is the potential impact of the Hinman documents on the crypto market and XRP holders?

    The release of the Hinman documents could shed light on the SEC’s views on crypto. Especially as the SEC pursues its case against Ripple. The entire crypto industry is closely watching the case over whether XRP is a security. This is because it could set a legal precedent which would affect the entire industry. This ruling could also affect Ripple’s fair notice defense and the court could issue a summary judgment ruling soon. Some suggest that the court may even announce it before 30th September 2023. Therefore, the release of the Hinman documents could have an impact on the crypto market and XRP holders.

    Lawyer John Deaton is positive that the SEC vs Ripple lawsuit will be in Ripple’s favour. He also predicts that in such case, the prices of the XRP token may go up from US$2 to $10. As at 13th June 2023, the price of XRP is US$0.52.

  • Velocore ($VC) token airdrop guide: How To Get Second Airdrop?

    Velocore ($VC) token airdrop guide: How To Get Second Airdrop?

    Velocore ($VC) is a groundbreaking solution that synthesizes top-tier DEX methodologies into a novel, high-performance flywheel. It is the first ve(3,3) DEX on zkSync and aims to expedite and augment liquidity by incentivizing $veVC holders or procuring veVC to strategically reallocate emissions towards their liquidity pools. Meanwhile, Velocore have also announced their Velocore V2 will be launched on Linea, so there may be airdrop opportunities there too! Therefore, participating in a potential Velocore airdrop could also make you eligible for zkSync AND Linea airdrops too! This article will give you a step by step guide on how to position yourself for a potential Velocore ($VC) token airdrop.

    Learn how to get the potential zkSync airdrop and Linea airdrop!  

    Velocore airdrop step-by-step guide

    Here’s how to get a potential Velocore ($VC) token airdrop:

    1. Connect your wallet to the Velocore Questboard.
    2. Join Discord.
    3. Follow Twitter, like, reply and retweet to post.
    4. Tweet about Velocore.
    5. Visit Velocore’s Medium page and clap their article.
    6. Invite friends to Velocore.

    See below for more details.

    What is Velocore?

    Velocore is a groundbreaking solution that synthesizes top-tier DEX methodologies into a novel, high-performance flywheel. Velocore is built on zkSync Era, a Layer-2 protocol that uses ZK technology to scale Ethereum. Velocore’s aim is to provide users with a fast, secure, and efficient way to trade assets while minimizing transaction fees and slippage and supporting various protocols onboard for the zkSync era ecosystem.

    At the same time, Velocore is embarking on a new journey with Linea, a zkEVM layer 2 protocol developed by ConsenSys. This new venture will be independent from the current Velocore running on zkSync Era and will be based on the upcoming Velocore V2 system. The official launch of Velocore V2 on the Linea platform will take place after the full launch of the Linea Mainnet.

    Velocore already did an airdrop of POAPs to supporters when it launched on zkSync era with overwhelming success. Therefore, it is likely that Velocore may do another airdrop when Velocore V2 launches on Linea!

    Does Velocore have a Token?

    Velocore uses two tokens, $VC and $veVC, to manage its utility and governance. The protocol rewards liquidity providers through emissions using the ERC-20 utility token $VC. For governance, Velocore uses the ERC-721 governance token $veVC in the form of an NFT (non-fungible token). Any $VC holder can vote-escrow their tokens and receive a $veVC (also known as veNFT) in exchange.

    $VC tokens have a locking mechanism. The lock period for $VC tokens can be up to 4 years. The longer the lock period, the more $veVC tokens are received in exchange. The longer the vesting time, the higher the voting power and rewards for the $veVC holder.

    At launch, Velocore had an initial supply of 60m $VC and will allocate 7.5% of it towards supporting and rewarding its contributors. Check out Velocore’s Tokenomics for more details.

    Is there a Velocore ($VC) Token Airdrop?

    Velocore did an airdrop in April 2023 to celebrate its launch on zkSync. Those who were eligible received a POAP which allowed them to claim a maximum of 5,550 $VC. Now, Velocore is planning to launch Velocore V2 on Linea after the full launch of Linea Mainnet. Considering the success of their previous airdrop, it is likely that the team may do an airdrop to celebrate the launch of Velocore V2. So far, the team have hinted they will have a Galxe campaign and may have an initial product ready for the DeFi event in June 2023. Meanwhile, there are a few tasks you can do to prepare yourself. Here’s a step by step guide on how you can get started with a potential Velocore $VC token airdrop.

    Time needed: 25 minutes

    1. Connect your wallet to the Velocore Questboard

      Connect your wallet here.

    2. Join Discord

      On the Questboard, join Velocore’s Discord and click “Claim Reward”.

    3. Follow Twitter, like, reply and retweet to post.

      Follow Velocore Twietter, like, reply and retweet their post. Then, click “Claim Reward”.

    4. Tweet about Velocore

      Tweet about Velocore, paste the link to the Tweet on the Questboard and click “Claim Reward”.

    5. Visit Velocore’s Medium page and clap their article

      Visit the Medium page, clap at least one of their articles and click “Claim Reward”.

    6. Invite friends to Velocore

      On the Questboard, click “Invite” to generate your invite link (here’s ours!). Invite up to 1, 5, 10, 100 and 200 new members to the Questpage for XP points and additional Discord roles.

    Velocore 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: Velocore is likely to do an airdrop as they have successfully done one in the past.

    Airdropped Token Allocation: Velocore will allocate 4.5 million $VC towards the ecosystem fund, and a part of this will go towards airdrops.

    Airdrop Difficulty: The project has not yet released full details about its airdrop rules. However, you can get started with completing the tasks on their Questpage. These are social tasks and do not require any funds.

    Token Utility: The $VC token is an ERC-20 utility token of Velocore used for rewarding liquidity providers through emissions.

    Token Lockup: There is no announcement on token lockup yet. The project stated that they will release $VC tokens allocated towards their ecosystem fund step by step a few days after launch.

  • Holograph ($HLG) Token Airdrop Guide: How to get double airdrops with LayerZero!

    Holograph ($HLG) Token Airdrop Guide: How to get double airdrops with LayerZero!

    Holograph is a next-generation NFT minting platform that has integrated the LayerZero protocol into its services, enabling interoperability and omnichain capabilities. Holograph will have its own $HLG token, and there are hopes that the team will do a token airdrop to reward its supporters. There may even be a chance that participating in a potential Holograph airdrop make also make you eligible for a LayerZero airdrop too! This article will give you a step by step guide on how to position yourself for a potential Holograph $HLG token airdrop.

    LayerZero is one of the most anticipated airdrops of 2023! Learn how to get this potential airdrop here!

    Holograph ($HLG) Airdrop Step-by-step Guide

    Here’s a step-by-step guide on how to get a potential Holograph ($HLG) token airdrop.

    1. Connect your MetaMask wallet to https://app.holograph.xyz/
    2. Create an NFT collection
    3. Bridge NFTs across networks
    4. Complete Questboard tasks

    What is Holograph?

    Holograph is a multichain digital asset infrastructure for the web3 ecosystem. It enables the deployment of natively multichain digital assets, which are assets that exist as single instances across multiple execution environments. Non-fungible tokens minted with Holograph (hNFTs) maintain the same contract address and token ID on all EVM environments, enabling them to move between networks with perfect provenance. Fungible tokens that are wrapped with Holograph (hTokens) maintain the same contract address on all EVM environments, providing a clear and concise method for auditing locked liquidity. With Holograph, all digital assets are minted equally, and it renders network tribalism obsolete.

    Holograph uses LayerZero for cross-chain message passing, with all critical business logic managed by the Holograph Protocol, and is designed to be modular, allowing for integration with various cross-chain message passing designs.

    Does Holograph have a token?

    Holograph has a native token, $HLG. To execute jobs, operators must bond the $HLG token. The probability of getting selected to execute a job is based on the number of tokens bonded – the more tokens bonded, the higher the probability of selection. The $HLG token has not been launched yet.

    How to Receive Potential Holograph ($HLG) Token Airdrop?

    Holograph has not announced any airdrop yet. However, they have a $HLG token which is not yet launched. But with the potential of a LayerZero airdrop creating so much attention and hype for the project, it is likely that Holograph, being an ecosystem project, may also follow suit and do its own airdrop. Here’s how to receive a potential Holograph ($HLG) token airdrop.

    Time needed: 40 minutes

    1. Connect wallet

      Connect your MetaMask wallet to https://app.holograph.xyz/

    2. Create NFT collection

      Click “Create” on the top bar and “Create Collection”.

    3. Deploy NFT collection

      Fill in your preferred collection details and click “save”. Then deploy the NFT collection. This will cost around 0.06 ETH.

    4. Bridge NFTs between networks

      Bridge NFTs between networks by clicking on “Bridge” on the top bar. Then, choose the networks you wish to bridge to and from, and the NFT collection. Finally, click “Bridge”.

    5. Complete Questboard tasks

      Go to Holograph’s Questboard and complete the tasks. Tasks include following their social media channels and reading their documentation.

    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: Holograph has not announced when it will launch its $HLG token, or if it will do an airdrop yet. But with the success and potential airdrop from LayerZero, and Holograph being an ecosystem project, there could be a good chance of a future token airdrop.

    Airdropped Token Allocation: Holograph has not given any information on its token yet.

    Airdrop Difficulty: Holograph has not yet released details about its airdrop. However, doing the tasks it may be helpful towards a potential LayerZero airdrop. So there’s no harm in doing these tasks, meanwhile, there is much potential gain.

    Token Utility: Holograph has not given any information on its token yet.

    Token Lockup: Holograph has not given any information on its token yet.

  • Snipa Finance Token Airdrop Guide: Free NFT on Venom

    Snipa Finance Token Airdrop Guide: Free NFT on Venom

    Snipa Finance is a DeFi portfolio tracker that operates across multiple blockchains and enables users to manage their assets. It is powered by Venom and Everscale.

    Venom Foundation may also do a $VENOM token airdrop (Airdrop guide here). So this is a chance to earn double rewards!

    Snipa Finance Airdrop Step-by-Step Guide

    Here’s how to mint the free Snipa Finance NFT:

    1. Create your Venom wallet and claim testnet $VENOM tokens. See our full guide here.
    2. Mint the first Venom NFTs. Full guide here.
    3. Connect your wallet to https://venom.network/tasks/snipa-finance
    4. Tweet about Snipa Finance.
    5. Check your portfolio on Snipa Finance.
    6. Finally, click “Mint” on the last task.

    Click here for more details.

    What is Snipa Finance?

    Snipa Finance is a DeFi portfolio tracker that allows users to manage their assets across multiple blockchains. It is supported by Venom and Everscale, and it is currently available on Venom testnet. Venom users can now use the Snipa Finance analytical tool to keep track of and manage their assets.

    Does Snipa Finance have a token?

    Snipa Finance does not have a token yet. But they are airdropping free NFTs for you to mint. Also, since Snipa Finance is part of the Venom ecosystem, getting the NFT may be helpful in getting both a Snipa Finance and Venom potential airdrop!

    How to receive potential Snipa Finance Token airdrop?

    Snipa Finance currently does not have its own token and has not announced any airdrop yet. However, they are offering free NFTs for users to mint. As Snipa Finance is part of the Venom ecosystem, obtaining an NFT may increase your chances of receiving potential airdrops from both Snipa Finance and Venom. Here’s how to mint the free Snipa Finance NFT:

    Time needed: 1 hour

    1. Create your Venom wallet and claim testnet $VENOM tokens.

      See our full guide here.

    2. Mint the first Venom NFTs.

      Full guide here.

    3. Connect your wallet to the task page

      Connect your wallet to Snipa Finance’s task page at https://venom.network/tasks/snipa-finance

    4. Tweet about Snipa Finance

      On the task page, click “Tweet” to tweet about Snipa Finance. Post the tweet and then click “Check”.

    5. Check your portfolio on Snipa Finance

      Connect your wallet to Snipa Finance and click “Join Venom Testnet”. In the popup window, confirm the transaction. Go back to the task page and click “Check” under the second task.

    6. Mint your NFT

      On the task page, click “Mint” on the last task. Then, confirm the transaction in the popup window.

    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: Snipa Finance has not announced a token or airdrop yet. But with the success and potential airdrop from Venom, and Snipa being an ecosystem project, there could be a good chance of a future token airdrop.

    Airdropped Token Allocation: Snipa Finance has not given any information on its token yet.

    Airdrop Difficulty: Snipa has not yet released details about its airdrop. However, minting the Snipa NFT is free since it is on the Venom testnet. Also, it may be helpful towards a potential Venom airdrop. So there’s no harm in doing these tasks, meanwhile, there is much potential gain.

    Token Utility: Snipa Finance has not given any information on its token yet.

    Token Lockup: Snipa Finance has not given any information on its token yet.

  • zkLend ($ZEND) Token Airdrop Guide: How to earn double airdrops!

    zkLend ($ZEND) Token Airdrop Guide: How to earn double airdrops!

    zkLend began its creation in late 2021 with aims to create a layer 2 money-market protocol built on StarkNet. With StarkNet being one of the hottest anticipated airdrops, there is massive speculation that zkLend will also have an airdrop. Particularly since zkLend’s V1 mainnet is fast approaching. This guide will teach you how to get a potential zkLend ($ZEND) token airdrop, which may also increase your potential StarkNet airdrop too!

    Learn more: StarkNet ($STRK) Token Airdrop Guide: How to Qualify?

    zkLend ($ZEND) Airdrop Step-by-step Guide

    Here’s how to receive a potential zkLend ($ZEND) token airdrop:

    1. Go to the zkLend website.
    2. Connect a StarkNet wallet such as Argent or Braavos.
    3. Obtain some testnet ETH tokens and bridge to StarkNet.
    4. Interact with the Artemis testnet by supplying or borrowing tokens.
    5. Complete tasks on zkLend’s Questboard.

    See below for more details.

    What is zkLend?

    zkLend is a money-market protocol built on StarkNet. Its aim is to combine the best of zk-rollups and Ethereum. zkLend will enable users to earn interest on deposits and borrow assets. To achieve this, zkLend will be offering a dual solution in the form of 2 products: Artemis, and Apollo.

    Currently, zkLend has launched the Artemis MVP testnet on StarkNet Goreli testnet. Artemis is designed for regular DeFi users, and enables them to deposit, borrow and lend in a decentralized and permissionless manner on StarkNet.

    zkLend’s other major product, Apollo, is designed for institutional clients. The aim of Apollo is to become a gateway for institutional users into the world of DeFi. It will allow permissioned users to deposit, borrow and lend on StarkNet, but without compromising on compliance and security.

    What is the zkLend ($ZEND) token?

    The zkLend ($ZEND) token has not been launched yet. However, when it does, there will be a total token supply of 100 million tokens. 35% of the total supply of $ZEND tokens will be allocated towards staking and distribution rewards.

    The ZEND token is intended for governance and utility functions on zkLend. In particular, ZEND tokens will be rewarded to users when they interact with the zkLend network. For example, ZEND tokens will be distributed for users when borrowing/lending or providing liquidity to the network. Also, when users participate in community events or marketing/airdrop campaigns. ZEND token holders will also be entitled to voting rights which allow them to vote on future features of zkLend.

    What is the Current Status of the zkLend ($ZEND) Token Airdrop?

    zkLend has not launched its $ZEND token yet. However, the chances of zkLend doing an airdrop are promising. This is because they have already stated in their Whitepaper that a proportion of zkLend’s revenue would be allocated for airdrop campaigns.

    How do I participate in the $ZEND token airdrop?

    As there is no official airdrop announcement yet, many users can only speculate how to become eligible for $ZEND token airdrops. It is speculated that users could participate in the Artemis public testnet. This is in the hopes that completing zkLend testnet actions will inevitably entitle them to airdrops when the $ZEND token is launched. However, users should note that an airdrop is not guaranteed.

    Time needed: 30 minutes

    How to get a potential zkLend $ZEND token airdrop

    1. Go to the zkLend website

    2. Connect a StarkNet wallet such as Argent or Braavos.

    3. Obtain some testnet ETH tokens and bridge to StarkNet.

      Get testnet ETH here and bridge to StarkNet here.

    4. Interact with the Artemis testnet by supplying or borrowing tokens.

      Interact with the Artemis testnet here.

    5. Complete tasks on zkLend’s Questboard

      Connect your wallet to zkLend’s Questboard and complete the tasks. Tasks include joining their Discord, liking and retweeting their Tweets, and submitting your Starknet mainnet wallet address.

    Artemis is still in the testnet stage, and it is hoped that the mainnet will be launched in 2023, as well as the launch of the $ZEND token.

    Meanwhile, check out our picks for the top Upcoming Crypto Airdrops!

    zkLend 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 zkLend ($ZEND) token has not been launched yet. But the team has said that $ZEND tokens would be allocated towards staking and distribution rewards.

    Airdropped Token Allocation: zkLend ($ZEND) will be a total token supply of 100 million tokens. 35% of the total supply of $ZEND tokens will be allocated towards staking and distribution rewards.

    Airdrop Difficulty: It is possible that participating in the Artemis public testnet could make you eligible for a potential $ZEND airdrop. Whilst this requires time and technical knowledge, you will only be using testnet ETH so it does not cost any money on your part. Otherwise, there are simple social tasks on their Questboard which are easy to do. There may also be a possibility that doing zkLend tasks may make you eligible for the potential StarkNet airdrop too!

    Token Utility: The ZEND token is intended for governance and utility functions on zkLend. ZEND tokens will also be rewarded to users that interact with the zkLend network.

    Token Lockup: There is no announcement on the $ZEND token lockup yet. However, it is hoped that the mainnet will be launched in 2023, together with the $ZEND token.

  • Upcoming Crypto Airdrops: These have the HIGHEST potential!

    Upcoming Crypto Airdrops: These have the HIGHEST potential!

    Blockchain projects frequently rely on crypto airdrops to raise awareness, grow their community, and increase the value of their products. After all, the survival of a project depends on its ability to attract and grow its user base. Users, of course, have nothing to complain about. After all, who doesn’t love free stuff? In this article, we look at the rumoured upcoming crypto airdrops. We also look at how you can sign up and receive free airdropped tokens.

    But before you rush out there to sign up, check out our article to learn more about crypto airdrops, and how to protect yourself against airdrop scams.

    Vela Exchange ($VELA) Airdrop: Airdrop coming 26th June 2023!

    Vela Exchange is a digital asset trading platform.

    Vela will be doing an airdrop and mainnet launch on 26th June 2023. So far, they have hinted on Twitter that maximizing your trading volume is the key to a max airdrop. Also, participating in their Flash Trading Competition will not only give you a chance to win their prizes but may also give you more airdropped tokens. The first competition ended with a prize pool of 10,000 $USDC and 2,000 $eVELA rewards. Vela will do a second flash contest, which will be adjusted to support traders of all sizes. However, the main event will be their Grand Beta Trading Competition, which Vela promises will offer major prizes.

    For more details, check out our Vela Exchange ($VELA) Token Airdrop Guide

    Polygon zkEVM ($MATIC) Token Airdrop

    Polygon zkEVM ($MATIC) is a Layer-2 scaling solution for Ethereum that leverages the scaling power of zero-knowledge proofs while maintaining Ethereum compatibility. Sandeep Nailwal, co-founder of Polygon, strongly hinted on Twitter that there will be a huge MATIC airdrop for zkEVM users. The best way to get the potential airdrop is to interact with the Polygon zkEVM mainnet. To do this, add Polygon zkEVM to MetaMask. Then, bridge to Polygon zkEVM either via the native bridge or a third party bridge such as Orbiter Finance. Finally, interact with QuickSwap, which is currently the only active dApp deployed on Polygon zkEVM.

    Learn more with our Polygon zkEVM (MATIC) Token Airdrop Guide.

    Blur NFT Marketplace: Season 2 delayed

    Blur ($BLUR) calls itself the “Fastest NFT Marketplace” providing users with a decentralized marketplace for trading Non-Fungible Tokens (NFTs). They aim to stand out by giving users the ability to sweep across multiple NFT marketplaces, faster access to NFT reveals, and improved user experience.

    Blur’s airdrop Season 1 ended on 14th February 2023. Blur have announced they will airdrop over 300 million $BLUR in Season 2, which was scheduled for April 2023 but is currently delayed.

    To participate in Blur’s Airdrop Season 2, users can connect their wallet to Blur’s platform and begin bidding on collections here. Airdrops are given on a point-based system. This system rewards bids on NFT collections based on their 24-hour volume. Participants can also maximize their $BLUR token airdrop by earning more points with loyalty.

    For Season 2, Blur has also launched Blend (short for Blur Lending). Blend is a peer-to-peer perpetual lending protocol for NFTs and allows NFT holders to borrow ETH against their NFTs without needing to sell them. With the launch of Blend, the Blur team also introduced Lending Points, which are doubled for certain NFT collecions.

    Learn how to get Blur token airdrops and maximize your gains: Blur Airdrop Guide: How to Get Season 2 Rewards?

    Sei Network ($SEI) Airdrop: Confirmed!

    Sei Network is a layer-1 blockchain built with Cosmos SDK. Its aim is to become the preferred chain for decentralized exchanges (DEXs) in DeFi, NFTs, and GameFi. Sei Network is planning to launch its $SEI token after its mainnet launch in the coming months. They have also confirmed that 1% of its total supply will be allocated to airdrops. The best way to receive a potential $SEI airdrop is to interact with their Seinami Incentivized Testnet by completing their tasks. Check out our Sei Network ($SEI) Token Airdrop Guide.

    zkSync ($ZKS) Airdrop: TBC

    zkSync is a ZK Rollup that aims to provide scaleable and low-cost transactions on the Ethereum blockchain. This is by submitting validity proof to an Ethereum smart contract along with transactions that are bundled.

    zkSync Era Mainnet Alpha is now open to public. The team has said they will launch a native token in the future, leading to hopes that some of the tokens will be airdropped then. There is speculation that to be eligible for the zkSync Airdrop, users should: (1) Add zkSync Era Alpha Mainnet on MetaMask; (2) interact with zkSync Lite and zkSync Era Mainnet Alpha; (3) Complete quests on zkSync’s Crew3 ;and (4) interact with the zkSync ecosystem such as Orbiter Finance or ZigZag. The last option is also particularly worthwhile since some zkSync dApps may not have launched their token yet. So you may get a chance to earn double airdrops!

    For a full tutorial check out zkSync ($ZKS) Token Airdrop Guide: How to Earn Double Rewards!

    My MetaTrader ($MMT) Airdrop: Second Round CONFIRMED!

    My MetaTrader (mTrader) is a DEX built on Arbitrum with GPT-3. It offers low trading fees, a wide range of trading pairs and leveraged trading up to 150x on cryptocurrencies, 1000x on forex & commodities, 100x on stocks, and 35x on indices. Their $MMT token was listed on SushiSwap on 21st February 2023, with 5% of its total supply of 5 million tokens being allocated towards airdrops.

    My MetaTrader have announced their airdrop is divided into two rounds. The first round is already over, but the date of the second round is yet to be announced. The second round will have the most tokens available for airdrops- 890,000 $MMT! To be eligible for their second round of airdrops, obtain special roles on their Discord channel and complete different tasks on Galxe and Crew3.

    Learn more with our My MetaTrader ($MMT) Token Airdrop Guide

    StarkNet ($STRK) Token Airdrop: Potential second round?

    StarkNet is a decentralized Validity-Rollup (or “ZK-Rollup”) that works on top of Ethereum, providing unlimited computational capacity to decentralized applications without sacrificing security or compatibility. It utilizes STARK, a secure and scalable cryptographic proof system, to ensure that transactions are secure and reliable. StarkNet is permission-free, meaning anyone can use it without needing to be approved by a third party. StarkNet’s alpha v0.11.0 has just gone live on Testnet, and the mainnet upgrade is expected to follow soon after.

    The best way to receive a potential StarkNet $STRK token airdrop is to interact with their testnet. Also, there are a few protocols on StarkNet that do not have a token yet. So using their DApps could put you in a position to receive their airdrops as well, allowing you to earn double rewards!

    Check out our StarkNet ($STRK) Token Airdrop Guide.

    MetaMask ($MASK) airdrop: TBC

    MetaMask is a popular browser extension that allows users to store their Ethereum (ETH)/ ERC-20 tokens as well as interact with other decentralized exchanges. It is highly popular for users that use ETH and/or its tokens often. This is because it is secure and allows users to have quick access to their funds.

    Check out our MetaMask Guide: How to set up an account? Plus tips and hacks for advanced users.

    On 16th March 2022, it was announced that MetaMask intends to launch its own token. Although there are few details of when the token would be launched, it was teased that the token’s ticker would be $MASK.

    Details of how to be eligible for MetaMask ($MASK) token airdrop have not been released. However, it is speculated that using the wallet for DeFi activities, swapping tokens, and bridging assets might entitle you to a MetaMask ($MASK) token airdrop when it happens.

    Learn more about MetaMask ($MASK) Token Airdrop Guide: Earn $4000 for Free

    Shardeum ($SHM) Airdrop: Details TBC

    Shardeum is a smart contract platform built on the Ethereum Virtual Machine (EVM). Although it is similar to other state-sharding platforms like Harmony, Elrond and NEAR Protocol, Shardeum stands out by using dynamic state-sharding.

    Shardeum has not officially announced their $SHM token airdrop yet. However, Shardeum recently launched their betanet, and protocols on there also have incentives for early users. So the best chance to receive Shardeum token airdrops would be to interact with their testnet.

    For a full guide on how to potentially receive Shardeum ($SHM) token airdrops: Shardeum ($SHM) Token Airdrop Guide: Earn $1500 for Free

    LayerZero ($ZRO) Airdrop: TBC

    LayerZero ($ZRO) is an omnichain interoperability protocol that can be used for lightweight messaging across chains. They are able to provide authentic and guaranteed message delivery with configurable trustlessness. It is currently live on most major blockchains including Ethereum, Avalanche, Polygon, BNB Chain, Aptos, Fantom, Arbitrum, and Optimism.

    LayerZero has not launched its token yet but the team have referred to a $ZRO token in their documentation. However, it is hoped that when they do, they will airdrop the token to users of their dApps. Here are some suggestions for participating in any potential airdrop:

    1. Stake and Vote $STG on Stargate Finance
    2. Use the Stargate, USDC, Aptos and LiquidSwap bridges
    3. Use SushiSwap Cross-Chain Swap
    4. Use BitcoinBridge
    5. Interact with other dApps on LayerZero
    6. Get roles on the Stargate Guild

    However, do note that there is no official announcement regarding airdrops from the LayerZero team. So any suggested participation methods are speculation only.

    Learn more about LayerZero and details on how to be eligible for any future airdrops.

  • Hong Kong New Crypto Regulations: Things You MUST Know

    Hong Kong New Crypto Regulations: Things You MUST Know

    As the United States tightens its regulations on cryptocurrency, Asia is taking a different approach by embracing the potential of digital assets. Hong Kong, one of Asia’s prominent international financial centers, recently made a significant decision to formally approve the retail trading of crypto assets, effective from June 1, 2023. Furthermore, the Web3 economy in Asia considers this development a significant milestone. The Securities and Futures Commission (SFC) released a conclusion paper highlighting several key points regarding the new regulations. Here’s some key points you NEED to know about Hong Kong’s crypto regulations which will come into effect on 1st June 2023.

    Check out our latest video- 🚨 Hong Kong BULLISH Regulations, BUT There’s a CATCH

    Key points:

    Here are 11 important key points from the SFC’s Conclusion Paper:

    1. Expansion of Crypto Trading Accessibility:

    Firstly, retail traders in Hong Kong can now participate in cryptocurrency trading, expanding access beyond professional or accredited investors.

    “We note the strong support expressed for allowing licensed VA trading platforms to provide their services to retail investors and will allow licensed VA trading platforms to provide their services to retail investors.” (p 4)

    2. Risk Assessment:

    In addition, as part of the onboarding process, retail users will still need to complete a risk tolerance assessment test.

    “For example, the proposed requirement to assess a client’s risk tolerance is part and parcel of the existing suitability requirement.” (p 6)

    3. Track Record for Utility Tokens:

    Utility tokens seeking listing will need to demonstrate a 12-month track record before being eligible for trading, eliminating primary offerings.

    “While a 12-month requirement may not have prevented the recent collapses of some tokens, this requirement aims to reduce the risk of reasonably hard-to-detect fraud as well as the possible impact on the price of a token of the marketing efforts leading up to its initial offering, especially since token offerings are generally unregulated and not subject to the safeguards which are present in the traditional securities markets.” (p. 9)

    4. Security Tokens Exclusivity:

    Moreover, retail traders will not have access to security tokens, as the Hong Kong Stock Exchange (HKEX) maintains a legal monopoly on equity trading within Hong Kong.

    “Security tokens cannot be offered to retail investors in breach of the prospectus regime under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) (C(WUMP)O) and the offers of investments regime under Part IV of the SFO.” (p. 9)

    5. Stablecoin Limitations:

    Nevertheless, the finalized policy by the Hong Kong Monetary Authority (HKMA) excludes stablecoins from trading by retail users.

    “Prior to stablecoins being subject to regulation in Hong Kong, it is our view that they should not be admitted for retail trading.” (p. 12)

    6. Token Listing Requirements:

    To ensure a certain level of market recognition, the SFC mandates that listed tokens must satisfy the requirement of being included in a minimum of two “acceptable indices”.

    “The SFC would like to reiterate that being included in two acceptable indices is not the sole criterion for admitting a virtual asset. It is merely a minimum criterion.” (p. 11)

    7. Restrictions on Giveaways:

    Additionally, while the SFC prohibits trading platforms from conducting giveaways, they can make an exception and offer fee discounts to users.

    “we have now made the prohibition of gifts explicit in the VATP Guidelines, with the exception of discounts of fees or charges.” (p. 12)

    8. Asset Custody and Insurance:

    Trading platforms must ensure full financial coverage for custody of assets. However, the requirement for assets stored in cold storage does not mandate 100% insurance coverage, but it does require a minimum of 50% coverage. Self-coverage is also permissible, provided the platforms hold reserve assets in the same form as the client’s holdings.

    “we remain of the view that client virtual assets held in hot and other storages should be fully covered by the compensation arrangement of a licensed VA trading platform.” (p. 14)

    “We are thus prepared to lower the coverage threshold to 50% for client virtual assets held in cold storage, on the basis that 98% of client virtual assets will be required to be held in cold storage” (p. 15)

    9. Evaluation of Derivatives:

    Both retail and institutional traders are still awaiting formal approval for derivatives trading. Evaluation of this aspect will take place at a later stage.

    “We are grateful for the detailed and informative responses submitted on this question. As we have explained in the consultation paper, the SFC is aware of the importance of virtual asset derivatives to institutional investors. We will take the large number of comments into consideration and conduct a separate review in due course.” (p. 17)

    10. Restrictions on Earning and Lending/Borrowing:

    On the other hand, the new regulations do not allow for the operation of earning, lending, and borrowing products associated with cryptocurrencies.

    “As such, licensed VA trading platforms will not be allowed to conduct these activities at this stage.” (p. 18)

    11. Compliance with Travel Rule:

    Lastly, full compliance with the travel rule, which mandates the sharing of transactional information between virtual asset service providers, is a requirement for all participants.

    “the SFC considers that submission as soon as practicable after the virtual asset transfer to be acceptable as an interim measure until 1 January 202410 , having regard to the implementation status of the Travel Rule in other major jurisdictions. Licensed VA trading platforms should comply with all other Travel Rule and relevant requirements in paragraphs 12.11 to 12.13 with effect from 1 June 2023, including submitting the required information to the beneficiary institution securely, while adopting the said interim measure. Amendments have been made to paragraphs 12.11 to reflect this.” (p. 20)

    Conclusion

    Hong Kong’s decision to allow retail trading of crypto assets marks a significant shift in the region’s regulatory landscape. In light of this, the introduction of these new crypto regulations, Hong Kong aims to strike a balance between investor protection and fostering the growth of the Web3 economy. To summarize, the impact of this move on the future of crypto adoption in Asia and beyond is still uncertain and awaits further observation.

  • Ledger Recover: Everything You Wanted To Know

    Ledger Recover: Everything You Wanted To Know

    Ledger, the company behind the Ledger Nano X and Nano S Plus cryptocurrency hardware wallets has just announced its new product called Ledger Recover. Ledger Recover is an ID-based key recovery service that provides a backup for your Secret Recovery Phrase. If you lose or don’t have access to your Secret Recovery Phrase, the service allows you to securely restore your private keys using a Ledger device.

    Check out our Ledger Nano X Review and Ledger Nano S Plus Review.

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    What is Ledger Recover?

    Ledger Recover is an ID-based key recovery service that provides a backup for your Secret Recovery Phrase. The Secret Recovery Phrase is a 24-word phrase that is used to restore your private keys if you lose access to your Ledger device. With Ledger Recover, if you lose or don’t have access to your Secret Recovery Phrase, the service allows you to securely restore your private keys using a Ledger device.

    How to use Ledger Recover?

    The process of using Ledger Recover involves several steps. First, your identity is verified using your ID document and a selfie recording. Next, your Ledger Nano X duplicates your Secret Recovery Phrase and encrypts the duplicate. This encrypted duplicate serves as the backup for your Secret Recovery Phrase. The system then links the backup to your verified identity and fragments it into three pieces. Ledger, Coincover, and a third provider independently secure each of the encrypted fragments.

    Accessing your wallet with Ledger Recover is seamless: all you need is your ID and your current Ledger Nano X or a new one. You alone can start the recovery process, which is ensured using double ID verification. The service relies on companies with industry-leading encryption and ID verification technology to provide a secure and reliable service.

    Who is the Ledger Recover good for?

    Ledger says the Ledger Recover is good for those who are new to cryptocurrency and may find it difficult to back up and keep their Secret Recovery Phrase safe. It is also good for those who would like another backup of their Recovery Phrase in another location.

    Will the Ledger Recover be available on all Devices?

    At present, Ledger Recover only works with the Nano X. Soon, it will also work with the Nano S Plus and Ledger Stax. However, it is not compatible with the Nano S.

    Do I have to use Ledger Recover?

    No, Ledger Recover is a completely optional service that you must choose to use. To choose to use the service you must subscribe with 2 different partners and create accounts with them. After you sign up, Ledger initiates the cryptographic process and asks you to confirm your agreement to it on your Ledger device.

    Is Ledger Recover free?

    No, it is a subscription service that will cost $10 per month. To use the service, you must also complete a KYC process with an ID document and a selfie recording.

    If you don’t pay the subscription within 7 days, you can’t restore your private keys using Ledger Recover. If you don’t resolve your payment within 3 months, your subscription will be suspended. After suspension, you have 9 months to reactivate your subscription by contacting Ledger Recover Support and paying a 50 EUR fee and any outstanding balance.

    How does Ledger Recover Work?

    Ledger Recover works through 3 companies: Ledger, Coincover and a third company. You will need to opt-in to use the service. When you opt in for the service, you will be prompted to confirm if you want to use it. If you agree, you will need to sign a transaction on your Ledger device. Afterwards, the system splits your private keys into 3 parts, encrypts them on the device, and sends them through a secure channel to 3rd party providers. The providers will encrypt the parts again before storing them.

    If you need to recover your private key, you will have to go through a thorough ID verification process. This is to confirm your identity. Once your identity is verified, the providers will send the encrypted parts of your private key directly to your Ledger device. Your device will then decrypt the parts and you will be able to access your private key again.

    Who keeps your private key when you use Ledger Recover?

    3 separate companies in 3 countries will store your private key if you subscribe to the service. The companies are Ledger, Coincover and Escrowtech. In particular, Coincover already works with several B2B offerings and also provides a $50k insurance plan. Additionally, two ID verification providers participate in the process.

    Is Ledger Recover Safe?

    According to Ledger, Ledger devices do not have any backdoors. The Secure Element chip and a paper backup securely store your seed phrase. If you opt to use the service, it creates an additional backup. This is done by splitting your private key into 3 encrypted parts and storing them with 3 different parties.

    Ledger also offers an added layer of protection where, subject to investigation, US$50,000 compensation may be available from Coincover in the unlikely event that something goes wrong.

    Conclusion

    In summary, Ledger Recover is an optional ID-based key recovery service that provides a backup for your Secret Recovery Phrase. It splits your private key into 3 encrypted parts and stores them with 3 different parties. The service is not free and requires a subscription fee of $10 per month. If you’re new to cryptocurrency or would like an additional backup of your Recovery Phrase, Ledger Recover may be a good option for you.

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  • Active Crypto VCs To Watch: Secrets to Success?

    Active Crypto VCs To Watch: Secrets to Success?

    Crypto venture capitalists (VC) aim to invest in blockchain projects and companies with high potential. These firms usually provide early-stage startups with capital, guidance, and resources to help them expand. Venture capital firms are crucial to the blockchain ecosystem, as they offer valuable resources that enable projects to grow and scale rapidly. Here’s our picks for the top active crypto VCs you should follow and look out for.

    What is a crypto VC?

    A crypto VC, or crypto venture capitalist, is a type of venture capital firm that specializes in investing in early-stage startups that offer products or services related to cryptocurrency, blockchain technology, and digital assets. They typically fund projects through equity investments, token sales, or other financial instruments. In addition to providing capital, crypto VCs also offer guidance and advice to the startups in which they invest.

    What does a crypto VC do?

    Crypto VCs fund projects through equity investments, token sales or other financial instruments. In addition, they also provide guidance and advice to the startups in which they invest. Hence, they play a vital role in the blockchain ecosystem by providing valuable resources to support projects’ growth and scaling quickly.

    What makes a good crypto VC?

    There are several factors that contribute to a good crypto venture capital (VC) firm. These include:

    Total assets under management (TUM)

    This measures the total value of all the investments managed by a venture capital firm. It is used to measure the size and performance of a firm and can indicate its success in attracting investors and making successful investments.

    Number of successful investments (track record)

    This serves as an indicator of a firm’s ability to identify, invest in, and help grow promising businesses. It provides a measure of the firm’s performance over time and allows potential investors to gauge the quality and success of the investments made.

    Reputation in the industry

    A good reputation helps build trust, which is essential for successful fundraising and investment. Additionally, a solid reputation can help to create relationships with the most promising entrepreneurs and startups, leading to more successful investments and higher returns for the firm.

    Network and resources

    Having access to resources such as industry contacts, financial advisors, legal counsel, and other specialized professionals can help a venture capital firm make informed decisions, maximize investment returns and protect its interests. Additionally, having an extensive network of investors can provide a venture capital firm with additional funding sources for new investments and support existing portfolio companies.

    The team

    The quality of a venture capital firm’s team and staff plays a significant role in the decision-making process. They must be knowledgeable about the industry, have a good understanding of the market, and be able to identify and assess potential investments accurately.

    Portfolio projects/companies

    The quality of portfolio clients directly affects a crypto VC’s return on investment. Venture capital firms invest in companies expecting to generate a significant return. If the portfolio companies are unsuccessful, the venture capital firm won’t be able to generate a profit.

    As a cryptocurrency trader, it can be helpful to follow these good crypto VC firms. This is because a crypto VC firms offer capital and operational assistance to blockchain startups that are behind innovative, disruptive ideas. The firms spend countless hours of research into finding viable crypto projects with the most potential. Also, the portfolios of crypto VC firms is publicly available, which offer a great opportunity for retail investors to spot the best upcoming crypto projects in the market. Therefore, by following a good crypto VC firm, crypto traders can gain enhanced market insights and stay informed about new opportunities and trends.

    Active Crypto VCs to look out for

    Based on the factors mentioned above, here are some active crypto VC firms to look out for in 2023.

    Sequoia Capital

    Number of investments: 1,805

    Total assets under management: $85 billion

    Sequoia Capital is a highly regarded venture capital firm with a reputation for investing in some of the world’s most successful technology companies, such as OpenAI, Apple, Google, and LinkedIn. Its ability to identify and support early-stage startups has earned it widespread admiration from entrepreneurs, investors, and the broader tech community. Notably, Sequoia Capital recently invested US$120 million in LayerZero Labs, a company developing a trustless omnichain interoperability protocol to connect multiple chains.

    LayerZero may do an airdrop in the future! Learn more with our LayerZero ($ZRO) Token Airdrop Guide

    Coinbase Ventures

    Number of investments: 328

    Total assets under management: Over 30 billion

    Coinbase Ventures was founded in 2018 by the Coinbase cryptocurrency exchange. However, Coinbase Ventures is not directly backed by the exchange and is a separate entity. It specializes in early-stage VC deals and operates almost exclusively in the blockchain and cryptocurrency space. Some of the firm’s recent investments include Dolomite.io, Cloudburst Technologies, and zkLink, where it raised US$10 million.

    The firm mostly focuses on investing in Decentralized and Centralized finance (DeFi, CeFi), followed by crypto protocols and Web3 infrastructure.

    Pantera Capital

    Number of investments: 220

    Total assets under management: $4.1 billion in blockchain or blockchain-related assets

    Pantera Capital was founded on 12th February 2003 by Dan Morehead, a former CFO and head of Macro Trading at Tiger Management. Before 2014, Pantera’s focus was on global macro hedge fund investments. Since then, the firm has shifted its investment advisory services to concentrate solely on Bitcoin, other digital currencies, and related companies. Recent investments by Pantera Capital include OmniNetwork and Teahouse Finance. In particular, the recent investments into Prisim Labs and M’ZERO Labs were US$26 and US$22.5 million respectively.

    Binance Labs

    Number of investments: 90

    Total assets under management: $7.5 billion

    Binance Labs is a blockchain incubator and venture fund created by Binance, one of the world’s leading cryptocurrency exchanges. It has a major following in the industry for its commitment to helping startups succeed in the crypto and blockchain space. Binance Labs typically provides capital to blockchain startups in exchange for a stake in the new business. In addition to providing capital, Binance Labs offers support and guidance to these startups, assisting with developing their product/service, identifying potential customers and partners, and navigating the legal and regulatory environment. Binance Labs also provides access to their network of industry contacts and resources, which can help the startup succeed. Recent investments include Playbux, GOMBLE, Gameta and Polyhedra Network.

    Polychain Capital

    Number of investments: 198

    Total assets under management: $6 billion

    Polychain Capital was founded in 2016 by Olaf Carlson-Wee, who was previously an employee of Coinbase where he was Head of Risk. Investors of Polychain include Andreessen Horowitz, Sequoia Capital, Union Square Ventures and Founders Fund. Their latest crypto/blockchain investments include Webb Protocol, Thetanuts Finance, Polyhedra Network and Scroll.io.

    Scroll.io plans to release their token around the same time as their mainnet launch in Q2 2023. This could mean a Scroll token airdrop! Learn more with our Scroll token airdrop guide.

    Digital Currency Group

    Number of investments: 301

    Total assets under management: $3.5 billion

    Digital Currency Group (DCG) was founded in 2015 by Barry Silbert. DCG has made over 301 investments and has had 36 exits. Some of its most notable exits include Coinbase, Voyager, and Silvergate Bank. DCG has also made 26 diversity investments. The company has six main subsidiaries: Grayscale Investments, Genesis, Foundry US, CoinDesk, Luno and TradeBlock. Grayscale Investments operates a number of publicly-traded trusts that hold cryptocurrency assets like Bitcoin and Ethereum. Genesis is an over-the-counter cryptocurrency exchange that also offers lending services. DCG is a bit quiet on the investment side in 2023, but have made 2 investments into Axoni and Coinflow Labs.

    Paradigm

    Number of investments: 92

    Total assets under management:  $1.51 billion

    Paradigm was founded in June 2018 and has invested in some of the most successful projects in the space, including Ethereum, MakerDAO, Filecoin, 0x and DFINITY. Paradigm has made 92 investments and has had 5 exits. Some of its most notable exits include Coinbase, Compound, and Tagomi. The Company has only made 2 investments so far in 2023, namely Ulvetanna and Conduit.

    Andreesen Horowitz (a16z)

    Number of investments: 40

    Total assets under management: $4.5 billion

    a16z, also known as Andreessen Horowitz, was founded in 2009 by Marc Andreessen and Ben Horowitz. The Company, headquartered in Menlo Park, California, supports bold entrepreneurs who are building the future through technology. They are stage agnostic and invest in seed to late-stage technology companies across various sectors including bio and healthcare, consumer, crypto, enterprise, fintech, games, and companies building toward American dynamism. a16z are the most active VC firms in our list, having made 9 investments in 2023 alone. Their most recent being a US$120 million investment into LayerZero Labs.

    Ozaru Ventures

    Number of investments: 29

    Ozaru Ventures was founded in 2021 and is currently based in Hong Kong. What sets Ozaru Ventures apart from other traditional VC firms is that it has an in-house creative content and PR marketing firm. This gives the Company a leading advantage in boosting the success of its investments in preparation for and after its public launch. Ozaru Ventures boasts an influencer network of over 1000 members and over 100 million followers across various social media platforms. This has allowed the Company to 5x the engagement and 300x the token launch of its portfolio companies. Notable investments in 2023 include an exclusive partnership with Hacken to tap into and promote its presence across Asia, which accounts for over 43% of global cryptocurrency activity.

    FBG Capital

    Number of investments: 72

    Total assets under management: $312 million

    FBG Capital was founded in 2015 and currently based in Singapore. They are one of the largest and earliest blockchain investment firms and their portfolio companies include Ampleforth, Dapp.com, FTX Exchange, Neutral Dollar, ThunderCore, and Wintermute Trading. FBG Capital have also been quite conservative in 2023, they have only 1 invested project, namely a US$3m investment in FilSwan.

    Union Square Ventures

    Number of investments: 414

    Total assets under management: $1.5 billion

    Union Square Ventures (USV) entered the blockchain and cryptocurrency space in 2011. As of last year, companies in the blockchain/cryptocurrency space made up 15% of its portfolio, and the fund invested in blockchain-related companies for a quarter of its most recent investments. Some of their notable investments in the cryptocurrency space include Coinbase. In 2023, USV made 7 investments, a high number compared to a lot of funds on this list. Of these, notable investments include a $14m and $55m investment into m3ter and Zeitview respectively.

    Draper Associates

    Number of investments: 355

    Total assets under management: $5 billion

    Draper Associates is a seed-stage venture capital firm founded in 1985 by Tim Draper, who also founded the Silicon Valley venture capital firm known as Draper Fisher Jurvetson (DFJ). Draper Associates encourages entrepreneurs to drive their businesses to greatness and transform industries with new technologies. The firm has invested in many successful companies, including Tesla, Skype, Baidu, Twitch, and Robinhood. The Company has so far made 9 investments in 2023 in various industries, only 1 of which relates to cryptocurrency i.e. a $4m investment into Amboss.

    Conclusion

    Crypto venture capitalists are experts in investing in early-stage startups that focus on cryptocurrency, blockchain technology, and digital assets. They provide funding through various means such as equity investments and token sales and offer valuable guidance and advice to the startups they invest in.

    While the VC firms mentioned in this article have established themselves as leaders in their field, there are many others that are still emerging. The cryptocurrency and blockchain space is constantly evolving with new companies entering the market. However, receiving VC funding does not guarantee success for a startup. It is ultimately up to the startup to demonstrate that their product or service is a worthwhile investment for VC firms.