Author: Angela Wang

  • Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

    Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

    Spin is a decentralized crypto trading platform built on NEAR Protocol. It offers users a secure, fast, transparent, and cost-effective way to trade in digital assets. Their user experience is designed to be competitive with centralized exchanges, while still providing the benefits of decentralization. Spin has already completed its first airdrop in December 2022 and was a huge success. Don’t worry if you missed out on their first airdrop because Spin is now in the final countdown for its second (bigger) airdrop, and a snapshot will be taken soon. Here’s our guide on how you can get the second Spin token airdrop.

    Spin ($SPIN) Airdrop Step-by-step Guide

     Spin has successfully completed its first airdrop in December 2022. Here’s how to get the second $SPIN token airdrop:

    1. Use Spin mainnet.
    2. Participate in the Spin community.
    3. Own Spin NFTs.

    See below for more details.

    What is Spin?

    Spin is a decentralized trading platform built on NEAR Protocol. It provides users with a range of products and services designed to meet the needs of both novice and experienced traders, DeFi investors, and those seeking passive income. Spin combines the best of CeFi and DeFi to create an advanced 360° trading platform that offers a user experience comparable to that of a centralized exchange, without compromising on security, speed, transparency, or trading costs. Their features include spot trading, instant swaps, and perpetual features. They will also be launching their Automated Investment Products (AIPs) soon.

    What is the Spin token?

    Spin has a native token known as $SPIN and is a utility and governance token. Utilities of the $SPIN token include:

    • Staking $SPIN can entitle you to 50% of the platform’s fees.
    • Trading actively on Spin can get you $SPIN token incentives as a reward.
    • Market makers receive $SPIN according to the amount of liquidity they provide, the spreads, and their uptime.
    • Vault users can receive rewards for depositing in Vaults (e.g. options premiums) and $SPIN tokens.

    $SPIN has a total token supply of 1 billion tokens, of which 2.0% of the total token supply (i.e. 20 million $SPIN) will be allocated towards airdrops. Of this, 0.5% i.e. 5 million $SPIN have already been distributed in their first airdrop. So the second larger is going to be 3 times the size of the first!

    How to receive $SPIN airdrop?

    Spin has already done a first airdrop in December 2022. During this airdrop, 0.5% of the total token supply (i.e. 5 million $SPIN), were allocated to the Early Adopters’ Airdrop.

    Spin confirmed they will have a final $SPIN token airdrop for not-so-early users before their token launch, and which activities will qualify. 1.5% of the total $SPIN token supply (i.e. 15 million $SPIN), will be distributed in this airdrop. But, the vesting period will be stricter and longer. Here’s how to get the second $SPIN token airdrop:

    1. Use Spin mainnet.
    2. Participate in the Spin community.
    3. Own Spin NFTs.

    Use Spin mainnet

    Spin’s mainnet has already been launched and all activities on it will count towards the second airdrop. Their protocol offers spot, perpetuals trading, and decentralized option vaults (DOV). To use Spin’s mainnet, go to their website and click “Trade on Spin”. Then, connect your wallet. You can then trade on their perpetual markets, spot markets and swaps. They also have a “Strategies” feature which allows users to choose a strategy to deposit funds. These Strategies will then start to generate income from option premiums. This is by running a weekly automated covered call strategy. Note however that this is Spin’s mainnet, so you will be using your own funds to trade.

    Participate in the Spin community

    Be an active participant in the Spin community by following their Twitter, and joining their Discord and Telegram. You can also go to Spin’s Crew3 questboard to complete their quests. However, this is only available for those who have the Spinosaur role on Discord.

    Own Spin NFTs

    Spin has released its own set of Freaky Elves NFTs. Owning a Freaky Elf NFT gives you the following perks:

    • Guaranteed and priority access to the SPIN IDO (Initial DEX Offering).
    • Access to premium product features on Spin. Such as fee discounts, early access to alpha features, special avatars, etc.
    • Get special Discord roles and private chat access with other NFT holders.

    All Freaky Elf NFTs have been minted. However, you can buy them from NFT marketplaces such as Para.

    How to claim Spin token airdrop?

    As mentioned, Spin has already done a first token airdrop where 0.5% of the total $SPIN supply (i.e. 5 million $SPIN) was airdropped to users. These airdropped $SPIN tokens are required to be locked up for 3 months after the public token sale. To claim your first Spin token airdrop, go to their Airdrop Page and connect your wallet.

    Spin 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: Spin has done a successful airdrop before and confirmed they will do a second one soon.

    Airdropped Token Allocation: 1.5% of the token supply (i.e. 15 million $SPIN), will be distributed in this airdrop.

    Airdrop Difficulty: Participating in this airdrop is going to be difficult. Users will have to be active on the Spin mainnet, and although they have different products to choose from (e.g. spot or perpetual trading), it does require users to use their own funds. Spin has also confirmed that holding its Freaky Elves NFT may entitle you to airdrops, but these have all been minted already. So you will need to buy them from NFT marketplaces.

    Token Utility: $SPIN and is a utility and governance token. $SPIN is also distributed as a reward for various activities on the protocol.

    Token Lockup: Those who received the first $SPIN airdrop are locked up for 3 months after the public token sale. The team has said that the lockup for the second $SPIN token airdrop will be “stricter and longer”, but it is unknown how long it will actually be.

  • Thala Labs ($THL) Token Airdrop Guide: CONFIRMED!

    Thala Labs ($THL) Token Airdrop Guide: CONFIRMED!

    Thala Labs is a decentralized finance (DeFi) protocol that is building a yield-bearing stablecoin and a liquidity provisioning layer on Aptos. Thala is currently in testnet phase, and will eventually release its $THL token and airdrop. In this article, we provide the ultimate Thala Labs ($THL) token airdrop guide so you can be in the best position to maximize any potential airdrop.

    Thala Labs ($THL) Airdrop Step-by-step Guide

    Here’s how to receive a potential Thala Labs ($THL) token airdrop:

    1. Go to Thala and connect your wallet.
    2. Get testnet APT tokens.
    3. Create a vault
    4. Deposit $MOD to the stability pool
    5. Redeem $MOD for $APT
    6. Add to liquidity pools
    7. Submit bug reports
    8. Collect an exclusive Thala NFT

    See below for more details

    What is Thala Labs?

    Thala is a decentralized finance (DeFi) protocol that operates on the Aptos blockchain. In its most recent funding round, Thala raised US$6 million in a seed round co-led by Shima Capital, White Star Capital and Parafi Capital. Thala offers two main products: Move Dollar and Thala Swap.

    Move Dollar (MOD) is a decentralized, censorship-resistant stablecoin designed to facilitate transactions, interactions, and other activities within the Aptos DeFi ecosystem. It is backed by a basket of on-chain assets, including liquid-staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs. Hence it provides users with a store of value, a medium of exchange, and a unit of account. MOD also offers users the opportunity to earn yield on their investments.

    Meanwhile, Thala Swap is an automated market maker that enables users to create dynamic pool weightings. This protocol supports a variety of pools, such as weighted pools, stable pools, and liquidity bootstrapping pools. Thala Swap unlocks additional use cases for MOD tokens and provides deep, long-term liquidity. Additionally, Thala’s launchpad provides a secure and equitable way of distributing tokens for projects and market participants.

    What is the Thala Labs ($THL) token?

    THL is the token of Thala Labs- it is a governance token that is native to Aptos. The THL token allows holders to vote on proposals and make decisions about the future of the protocol. Through Thala Improvement Proposals (TIPs), token holders can initiate proposals, vote on issues, and suggest changes to protocol parameters. This allows holders to have a say in the direction of the protocol and transition it to a DAO model.

    Will there be a Thala Labs ($THL) token airdrop?

    According to Thala’s Documentation, there will be a total supply of 100 million THL tokens. 35 million $THL (35%) is allocated to incentivize people to use the protocol and Thala’s other future products. It is worth noting that in their tokenomics, they specifically mention airdrops in their $THL emissions schedule and total circulating supply graphs. From these graphs, we can see that around 8.3 million $THL will be distributed via airdrops and that this will all be distributed within the first year of their Token Generation Event (TGE).

    $THL emissions schedule and total circulating supply
    $THL emissions schedule and total circulating supply (Image Source: Thala Documentation)

    With the amount of funding that the project has raised, and the success of the Aptos airdrop in the past, it is highly likely that Thala will also do an airdrop in order to attract even more users onto their platform.

    How to get a potential Thala Labs ($THL) token airdrop?

    Thala Labs has recently launched Thala Swap on testnet for the general public to try out. It is hoped that using Thala Swap would make you eligible for any potential airdrop. Here’s how to get a potential Thala Labs ($THL) token airdrop:

    1. Go to Thala and connect your wallet.
    2. Get testnet APT tokens.
    3. Create a vault
    4. Deposit $MOD to the stability pool
    5. Redeem $MOD for $APT
    6. Add to liquidity pools
    7. Submit bug reports
    8. Collect an exclusive Thala NFT

    Connect your wallet to Thala

    Go to Thala and connect your wallet. Thala currently supports Martian, Pontem and Petra wallets. Note you will need to change to Aptos Testnet to connect to the site.

    Get testnet APT tokens

    Get testnet APT tokens on Thala by clicking “Faucet”, and “Collect to claim”. Then, choose your wallet and then click “approve”. You can also get APT directly from your wallet (we used Martian wallet). To do this, click “Airdrop”. Then, connect your wallet to Apotos Labs, verify the transactions on your Martian wallet, and click “Activate faucet”. You will then receive 1 APT in your wallet, but you can click “Activate faucet” multiple times to get more APT tokens.

    Create a vault

    Go to the “Vaults” tab and click “Create vault”. To create a vault, you will need to deposit $APT tokens and borrow $MOD. Note you will need to borrow at least 500 $MOD, meaning that you must deposit at least 70 $APT.

    Deposit $MOD to the stability pool

    Click on the “Stability pool” tab, choose the amount of $MOD you wish to deposit, and click “Deposit”.

    Redeem $MOD for $APT

    Click on the “Redeem” tab, choose the amount of $MOD you want to redeem, and click “Redeem”. Note you will need to pay a redemption fee.

    Add to liquidity pools

    Click on the “Liquidity pools” tab, choose which pool you wish to add liquidity to, then click “deposit”. Select the number of tokens you wish to add then click “Add liquidity”.

    Submit bug reports

    If you find a bug on the Thala platform, report it! Developers reward this! To do this, go on Thala’s Discord channel and submit a report there.

    Collect an exclusive Thala NFT

    To collect an exclusive Thala NFT, go to Thala’s Galxe campaign page and complete the 10 tasks to receive an OAT NFT. Tasks include liking and retweeting Thala’s tweets, using ThalaSwap, and joining their Discord etc.

    Thala Labs ($THL) 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: Thala Labs have confirmed they will have a $THL token and will be doing an airdrop. However, the team has not released details of the future airdrops yet.

    Airdropped Token Allocation: We can see from their documentation that around 8.3 million $THL tokens will be allocated towards airdrops. Also, any airdrops will be within the first year of their TGE.

    Airdrop Difficulty: As they are still in testnet stage, interacting with the protocol is free. So if they do an airdrop to reward early testers of the platform, you could potentially get an airdrop for free!

    Token Utility: The $THL token will be used for governance.

    Token Lockup: There are no details on the airdropped token lockup yet.

  • SpaceFi ($SPACE) token airdrop guide: Get free money!

    SpaceFi ($SPACE) token airdrop guide: Get free money!

    SpaceFi is the first web3 platform that will connect the Cosmos and Layer2 networks through zkSync. It offers a variety of products, including a decentralized exchange (DEX), non-fungible tokens (NFTs), a starter platform, and a spacebase. SpaceFi has already confirmed it will launch its $SPACE token, and will distribute some of these tokens via airdrops. In this article, we give you a guide on how you can earn free money with a potential $SPACE token airdrop.

    Did you know that zkSync is also doing an airdrop? This will give users the chance to potentially DOUBLE your airdrop rewards if you interact with both SpaceFi and zkSync! Check out: zkSync ($ZKS) Token Airdrop Guide: Earn double rewards!

    SpaceFi ($SPACE) airdrop step-by-step guide

    Here’s how to receive a potential SpaceFi ($SPACE) airdrop:

    1. Request testnet tokens here.
    2. Connect your wallet (e.g. MetaMask) to Space.io.
    3. Swap some $tSPACE tokens.
    4. Add liquidity to SpaceFi pools.
    5. Join the SpaceFi Discord.
    6. Join the SpaceFi Crew3.

    See below for more details

    What is SpaceFi?

    SpaceFi is a revolutionary platform that will connect Cosmos and the Ethereum Layer 2 ecosystem via zkSync. Through SpaceFi, users can trade, earn, mint, stake, sell, create, and invest in a variety of projects. With SpaceFi, users can swap assets, farm rewards, mint, and stake Planet NFTs, join or create a spacebase, and invest in new projects. SpaceFi provides users with a secure and efficient way to manage their digital assets.

    What is the SpaceFi ($SPACE) token?

    $SPACE is the native token of the SpaceFi protocol and according to their Tokenomics, would be allocated to stakeholders most aligned with the strategic direction of SpaceFi. The $SPACE token can also be converted into $xSPACE by locking $SPACE at a 1:1 ratio with a 30 days unbonding period. Meanwhile, $xSPACE can be earned from farming on their platform, or converting $SPACE tokens directly. $xSPACE can also be staked on farms to earn more xSPACE and can be used for SpaceFi governance.

    SpaceFi will have an initial supply of 60 million $SPACE tokens at genesis. 30 million $SPACE has already been released on Evmos mainnet on 7th March 2023. The remaining 30 million $SPACE will be released on zkSync mainnet when it is launched. The team has already said that a part of these tokens will be allocated toward airdrops and on the platform, there is already an airdrop page up.

    How to get a potential SpaceFi ($SPACE) token airdrop?

    SpaceFi is already available on zkSync testnet. So one way to potentially get a $SPACE token airdrop is to interact with the protocol in anticipation of the zkSync Era mainnet launch. Here’s how to get a potential SpaceFi ($SPACE) token airdrop:

    1. Request testnet tokens here.
    2. Connect your wallet (e.g. MetaMask) to Space.io.
    3. Swap some $tSPACE tokens.
    4. Add liquidity to SpaceFi pools.
    5. Join the SpaceFi Discord.
    6. Join the SpaceFi Crew3.

    Swap $tSPACE tokens

    On the platform, click the “Swap” tab. Select how many and which type of token you want to change to $tSPACE, then click “Approve”. Approve the transaction on your MetaMask and click “Swap” and “Confirm swap” on the SpaceFi platform.

    Add liquidity to SpaceFi pools

    Click on the “Pool” tab and “Add liquidity”. Then choose the 2 tokens you want to add to the pool. You may need to approve the use of the token by clicking “Approve”, then “Supply”.

    Join the SpaceFi Crew3

    Join the SpaceFi Crew3. On Crew3, You can also complete the quests on Crew3 which include following their social media accounts and joining their guilds. Completing each quest allows you to claim a reward.

    SpaceFi ($SPACE) token airdrop review

    Likelihood of Airdrop: SpaceFi have already confirmed they will do an airdrop. There is even an airdrop page up on their platform!

    Airdropped Token Allocation: The team have confirmed a portion of the 60 million $SPACE tokens released at genesis will be allocated towards airdrops.

    Airdrop Difficulty: So far, it seems that interacting with the SpaceFi testnet could make you eligible for an airdrop. But, there are many steps that need to be done (though fortunately only with testnet funds). Also, there are quite a few Crew3 quests to do.

    Token Utility: The $SPACE token can be used for staking and is given as rewards to SpaceFi’s supporters.

    Token Lockup: 60 million $SPACE will be released at genesis (30 million already released on Evmos mainnet, and later, 30 million upon zkSync Era mainnet launch). There will be a total supply of 600 million $SPACE, with token issuance being cut by one-third every year until the maximum supply of 600 million is reached.

  • Synthr ($SYNTH) token airdrop guide: Get ready for free money!

    Synthr ($SYNTH) token airdrop guide: Get ready for free money!

    Synthr is a synthetic asset protocol built on Ethereum, Aptos, Sui and Sei. It allows users to mint and trade on-chain derivatives using trustless financial contracts. Most importantly, the team has already confirmed they will do an airdrop! Here’s our Synthr token airdrop guide, which will help you best position yourself for maximum airdrops!

    Did you know that some people made over US$10,000 during the Aptos airdrop? Now, Sui is ALSO following suit and doing a potential airdrop. Check out our Sui token airdrop guide!

    Synthr ($SYNTH) airdrop step-by-step guide

    Here’s how to receive a potential Synthr ($SYNTH) token airdrop:

    1. Join their Discord
    2. Follow their Twitter

    See below for more details

    What is Synthr?

    Synthr is a DeFi protocol that provides traders with access to a universal and omni-accessible market. It was created by a team of experts in DeFi and traditional investors with real-world trading experience. Synthr’s goal is to enable traders to take advantage of the opportunities offered by DeFi solutions and to break down the barriers of traditional finance. It provides traders with the tools they need to succeed in the ever-evolving world of trading.

    What is the $SYNTH token?

    $SYNTH is the native token of Synthr. According to Synthr’s Whitepaper, $SYNTH will be rewarded for depositing into their vaults. There will be an initial supply of 690,095,238 $SYNTH released at the Token Generation Event (TGE). Most importantly, the team has already confirmed they will allocate 1.7% of these tokens (i.e. 11,731,619 $SYNTH) towards an airdrop. However, there are no further details on when and how Synthr will do the airdrop.

    How to get a Synthr $SYNTH token airdrop?

    Synthr have confirmed they will do an airdrop, but not how and when this will be. This is likely because Synthr is in a very early stage of development. Their testnet is currently only live for their OGs (of which there are only 100 people). But, is expected to be available for the public in Q1 2023. According to their FAQs, they expect to launch their mainnet in late Q1 2023/early Q2 2023. However, it is likely this will be delayed. Nevertheless, this means you are still early and have a good chance to be part of their future airdrop. Here’s how you can best position yourself for a future Synthr ($SYNTH) token airdrop:

    1. Join their Discord
    2. Follow their Twitter

    Doing this will put you in the best position to be the first to know when details of the airdrop are finally announced.

    Synthr ($SYNTH) 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: Synthr has already confirmed they will do an airdrop. But the details are unknown.

    Airdropped Token Allocation: The team has confirmed that 1.7% (i.e. 11,731,619 $SYNTH) of the $SYNTH tokens released at the TGE will be allocated towards airdrops.

    Airdrop Difficulty: The Synthr testnet is not open to the public yet. So the only things that can be done now to position yourself for the future airdrop is to join their Discord and follow their social media channels.

    Token Utility: The $SYNTH token is given as a reward for depositing into the Synthr vaults.

    Token Lockup: Over 690 million $SYNTH will be released at TGE. According to their Whitepaper, the vesting period for a major part of the total token supply have been drawn out for as long as 60 months.

  • Eggs ($EGGS, $aEGGS) Token Airdrop Guide: High risk, high reward?

    Eggs ($EGGS, $aEGGS) Token Airdrop Guide: High risk, high reward?

    Eggs have suddenly shown up on our airdrop radar. Seemingly with no actual utility, Eggs calls itself an “eggsperiment in decentralized finance”. The $EGGS token also does not seem to have any use. The only thing that is known about them is that the supply of the EGG token is decreasing by around 0. (https://www.iport.com/) 001% per block or around 7% per day. Eggs however have announced a free $aEGGS airdrop coming soon on Arbitrum, and a user snapshot has not been taken yet. So, you can still be eligible for the upcoming airdrop. In this article, we have compiled our ultimate guide on how to get the Eggs $aEGGS token airdrop.

    Eggs ($EGGS, $aEGGS) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Eggs ($EGGS, $aEGGS) token airdrop:

    1. On their website, connect your wallet.
    2. Buy $EGGS on UniSwap.
    3. Stake your $EGGS on either the FULL protec or big protec vaults. Note staking on the smol protec vaults does not make you eligible for the $aEGGS airdrop.
    4. On the “deposit” tab, choose the amount of $EGGS you want to stake and click “Approve”.
    5. To withdraw your $EGGS, click on the “withdraw” tab, choose the amount of $EGGS you want to withdraw and click “Approve”.

    See below for more details.

    What are Eggs?

    EGGS is a decentralized finance experiment that is being threatened by the “Egg Cartel”, a group of criminals stealing EGGS and decreasing the supply by 0.001% every block, or around 7% per day. This has caused a crisis in the EGGS market, and users are tasked with looking for ways to protect their investments.

    The project asks users to protect their EGGS by depositing them into secure vaults. The full protec vault offers the highest level of protection and has a locking period of 7 days on deposit and partial withdrawals. Meanwhile, Big and Smol vaults offer partial protection in the form of rewards. Both of these vaults have a locking period of 24 hours and partial withdrawals will not lock them. Depositing or claiming rewards will reset the timer and lock for another 24 hours. Protect your EGGS and earn rewards with secure vaults.

    Does Eggs have a token?

    Eggs have an $EGGS token with an initial supply of 3,324,324,324,357. However, around 931,616,056,878 of $EGG tokens have already been burned. The current supply of $EGGS is less than 2,000,000,000,000 (and decreasing 0.001% every block). EGG has a debasing mechanism to its token supply, which will reduce the number of EGGS in circulation. This will benefit holders of EGGS, as the price of the token will continue to increase if no one is selling and ETH remains stable. The debasing will affect the entire token supply, including EGGS held in vaults and EGGS held in liquidity pools. This is a great opportunity for holders of EGGS to benefit from the increasing value of the token, as the amount of ETH remains the same.

    $EGGS tokens do not appear to have any utility. Except that staking $EGGS in either Full, Big or Smol vaults gets you rewards. There are three types of vaults. Full protec vault will fully protect your $EGGS and won’t be affected by debase. But it has a 7-day locking period. The other two vaults only protect your $EGGS partially in the form of rewards of 10 million $EGGS per block (but subject to change). Big protec vault earns you 9/10 of the rewards by staking EGGS/ETH LP on Uniswap V2. Whereas the smol protec vault earns you only 1/10 of the rewards. Both of these vaults only have a locking period of 24 hours. This 24-hour lock will reset every time you deposit or claim $EGGS in the vault.

    $aEGGS tokens will be given during the airdrop for those who have locked their $EGGS in the Big or Full protec vaults. However, it does not appear that $aEGGS tokens have any utility either.

    $EGGS staking stats (Source: egg.care)

    Are Eggs safe?

    The smart contract for the $EGGS token does have a mint function. This can potentially allow the developer to mint unlimited $EGGS and drive down its market prices due to overwhelming supply. However, according to the project, it is a Timelock contract set for 3 days. This means everyone has time to react for 3 days if the developer does do something.

    Eggs however does not seem to be a project with any purpose or token utility, so users and potential airdrop hunters should exercise caution.

    How to Receive Potential $aEGGS Token Airdrop?

    Eggs has announced on Twitter it will be doing a FREE airdrop on Arbitrum. A snapshot has not been taken yet so users still have a chance to join and be eligible for the airdrop. However, to be eligible for the $aEGGS airdrop, users must have either staked their $EGGS in the Big or Full protec vault. The Smol vault does not count and unclaimed rewards do not count toward the airdrop. According to the team, more details will be announced soon.

    $aEGGS airdrop announced (Source: Twitter)

    Here’s how to receive a potential $aEGGS token airdrop:

    1. On their website, connect your wallet.
    2. Buy $EGGS on UniSwap.
    3. Stake your $EGGS on either the FULL protec or big protec vaults. Note staking on the smol protec vaults does not make you eligible for the $aEGGS airdrop.
    4. On the “deposit” tab, choose the amount of $EGGS you want to stake and click “Approve”.
    5. To withdraw your $EGGS, click on the “withdraw” tab, choose the amount of $EGGS you want to withdraw and click “Approve”.
    Stake and withdraw $EGGS
    Stake and withdraw $EGGS (Source: eggs.care)

    Eggs 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 Eggs team have already announced an airdrop. Details are coming soon.

    Airdropped Token Allocation: The amount of $aEGGS to be airdropped are unknown.

    Airdrop Difficulty: The project has announced that only the Full or Big protec vaults will be eligible for airdrops. However you must buy $EGGS and stake them. And there does not seem to be any actual utility for $EGGS.

    Token Utility: There does not seem to be any utility for both $EGGS or $aEGGS.

    Token Lockup: The $aEGGS token lockup period is unknown.

  • Increment Finance ($INCR) token airdrop guide

    Increment Finance ($INCR) token airdrop guide

    Increment Finance is built on the zkSync ecosystem which allows on-chain perpetual swaps that feature automatically concentrated liquidity, dynamic fees, and parametrizable pools. Increment Finance launched on the same day as zkSync Fair Onboarding Alpha. Following this launch, projects on zkSync can continue running contests and bug bounty programs. This means a possibility of airdrops on zkSync ecosystem projects such as Increment Finance. In this article, we provide a guide on how you can potentially get an Increment Finance ($INCR) token airdrop.

    Learn more about how to get a potential zkSync airdrop. And don’t miss out on any other upcoming airdrops by signing up for the NEW Boxmining Newsletter to get alerted!

    Increment Finance ($INCR) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Increment Finance ($INCR) token airdrop:

    1. Participate in any Increment Finance contests or tournaments.
    2. Participate in any beta testing.
    3. Find and report any potential cases of sybil attacks (coming soon).
    4. Participate in governance by voting and commenting on Increment Finance’s governance proposals.

    See below for more details.

    What is Increment Finance?

    Increment Finance is built on zkSync Era (i.e. zkSync 2.0). It is a decentralized, algorithmic perpetual swaps protocol that features automatically concentrated liquidity, parametrizable pools, and dynamic fees. The protocol joined zkSync Era’s Fair Onboarding Alpha which was launched on 16th February 2023.

    Increment Finance is backed by venture funds such as Parafi Capital, Delphi Capital, Dialectic, LedgerPrime, AngelDAO and Skyvision Capital.

    Features of Increment Finance

    There are 3 main features of Increment Finance. The protocol supports multi-asset collateral (e.g. stablecoins and synthetic assets etc.) for trading perpetual swaps. Increment Finance also integrates Curve V2 Crypto Pools for improved liquidity and trade execution. Finally, users can increase buying power by minting more virtual assets using the Curve V2 trading engine.

    What is the Increment Finance ($INCR) token?

    Increment Finance has not launched its token, or its tokenomics and distribution model yet. But its latest blog post suggests it would have the ticker symbol $INCR. According to its documentation, the $INCR token will be for governance.

    Increment Finance has recently taken a poll, and a proposal was passed that 9,200,000 $INCR (i.e. 46% of its total token supply) will be allocated toward 3 community distributions. In the first phase, 400,000 INCR will be distributed retroactively and be available immediately to specific members of the Increment Finance community. These community members include contest winners, community writers, beta testers and those with a community role. However, the ERC-20 token contract will initially be paused, so the INCR token will not be transferable. A breakdown of which addresses will receive the initial 400,000 INCR tokens is available here.

    Phase 2 will distribute 1,000,000 tokens to the community within the first year of the token launch. Finally, the third phase will distribute another 1,000,000 tokens to the community within the second year of the $INCR token launch.

    What is the status of Increment Finance?

    Increment Finance has joined zkSync’s Fair Onboarding Alpha, which was launched on 16th February 2023. The project is currently actively

    Will there be an Increment Finance ($INCR) token airdrop?

    Increment Finance has not announced an $INCR token airdrop yet. However, they are actively discussing issues of token creation and distribution in their Governance proposals. Poll voting has recently ended and a governance proposal on phase 1 of $INCR token creation and distribution has been passed. So far, it has been decided that there will be 3 community distributions of the $INCR token. And how the first phase of 400,000 INCR will be distributed has been agreed upon. So here’s hoping the issue of airdrops would be specifically discussed soon. (https://bestsellerpublishing.org/)

    How to participate in any potential Increment Finance ($INCR) token airdrop?

    Increment Finance has not announced any airdrop yet. However, from the latest passed governance proposal, we can see how Increment Finance community members were eligible for phase 1 of the $INCR community distribution. These members will be retrospectively airdropped a total of 400,000 $INCR between them when the token launches. So based on who were eligible for phase 1 of the $INCR community distribution, here are some ways you can be eligible for any potential $INCR token airdrop:

    1. Participate in any Increment Finance contests or tournaments;
    2. Participate in any beta testing;
    3. Find and report any potential cases of sybil attacks (coming soon); and
    4. Participate in governance by voting and commenting on Increment Finance’s governance proposals.

    Increment Finance ($INCR) 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: No airdrop has been announced yet, but a governance proposal has recently been passed which sees a retroactive airdrop of $INCR tokens to specific community members when the token launches. So an airdrop is likely.

    Airdropped Token Allocation: Increment Finance has recently taken passed a governance proposal to allocate 9,200,000 $INCR (i.e. 46% of its total token supply) toward 3 community distributions.

    Airdrop Difficulty: Increment Finance has not launched its protocol for all users yet. So far the ways to potentially get a $INCR airdrop is to participate in their contests and vote on governance proposals. The latter is relatively straightforward.

    Token Utility: The $INCR token is used for governance.

    Token Lockup: The ERC-20 token contract for $INCR will initially be paused, so the INCR token will not be transferable by those who got airdrops in phase 1 of the community distribution. However, it is unknown how long this pause will be.

  • EVO Wallet Airdrop Guide: LIVE NOW

    EVO Wallet Airdrop Guide: LIVE NOW

    EVO Wallet is an Aptos Network wallet available on both iOS and Android. The wallet will allow users to send and receive Aptos tokens ($APTOS), store their cryptocurrencies, swap tokens, and more. In this article, we give you a complete guide on how to get a potential EVO Wallet airdrop.

    EVO Wallet Airdrop Step-by-Step Guide

    Here’s how to get a potential EVO Wallet airdrop:

    1. Download EVO Wallet here.
    2. Set up your EVO Wallet.
    3. Reply to EVO Wallet’s Tweet with your wallet QR Code. You can find your wallet QR code by going to “Receive” on the main wallet page.

    See below for more details.

    What is EVO Wallet?

    EVO Wallet is a cryptocurrency wallet for the Aptos ecosystem. It is available for download on both iOS and Android. The wallet boasts an amazing UI/UX and allows users to send and receive APTOS, swap tokens, and safe storage of their cryptocurrencies. EVO wallet also has security features such as two-factor authentication and is non-custodial.

    EVO Wallet
    EVO Wallet

    Does EVO Wallet have a token?

    EVO Wallet does not have a token, and there is no documentation available to indicate whether or not they will eventually have one. But they have done various competitions in the past where they awarded Aptos tokens ($APT) to winners.

    How to receive EVO Wallet Token Airdrop?

    EVO Wallet is currently running an airdrop campaign until 7th March 2023! Here are the following steps required in order to get a potential EVO Wallet token airdrop:

    1. Download EVO Wallet here.
    2. Set up your EVO Wallet.
    3. Reply to EVO Wallet’s Tweet with your wallet QR Code. You can find your wallet QR code by going to “Receive” on the main wallet page.

    The team did not specify what winners will receive, but it is hinted that it would be an Aptodino NFT.

    Join for a chance to get a potential airdrop!

    Little is known about the project and it is at a very early stage of development. So we expect they will have even more airdrops and giveaways in the future.

    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: EVO Wallet has done previous contests where they rewarded winners with Apotos tokens ($APT). For the current airdrop, the reward seems to be an exclusive Aptodino NFT.

    Airdropped Token Allocation: Their tokenomics is not yet available, so this information is unknown for now.

    Airdrop Difficulty: The current airdrop is very simple and only requires downloading their wallet and replying to the team’s Tweet.

    Token Utility: This information is unknown.

    Token Lockup: This information is unknown.

  • What is Blur NFT Marketplace?

    What is Blur NFT Marketplace?

    Blur.io is the leading Ethereum-based NFT Marketplace, offering professional traders batch shelf and floor-sweeping transactions, order book NFT transactions, and the ability to browse and purchase NFTs from other marketplaces with instant liquidity.

    What is Blur.io and its Marketplace Fees?

    Blur.io is a professional NFT trading platform that offers a convenient and cost-effective solution for traders. It does not charge any transaction fees and recommends a default royalty rate of 0.5% for buyers, which can be customized or even set to 0. Blur.io is a trader-friendly platform that allows users to easily buy, sell, and trade NFTs with no hassle. It also provides a secure and reliable environment for users to store their digital assets. With its user-friendly interface and low fees, Blur.io is the perfect platform for professional NFT traders.

    Blur’s Team

    Blur is a revolutionary product founded by MIT-graduate @PacmanBlur and supported by venture capitalists Paradigm. It is designed to help users protect their personal information online and keep their digital identity safe. Blur offers a range of features such as password management, secure form filling, and anonymous browsing. It also provides a secure payment system and a virtual credit card to help users protect their financial information. With Blur, users can enjoy a secure online experience and protect their personal data from hackers and other malicious actors.

    $BLUR Token Airdrop

    Blur, the NFT platform, recently completed its $BLUR token airdrop after Season 1 of its incentivization program. Traders earned up to $3 million in $BLUR tokens and the project launched at a $400 million valuation. Blur is now gearing up for Season 2 of its airdrop program, and the best way to earn $BLUR tokens is to use the platform by buying, selling and listing your NFTs. With the potential to earn up to $3 million in tokens, Blur is an exciting opportunity for NFT traders to get involved in the crypto space.

    Blur is currently doing its season 2 of airdrops. Learn how to maximise your potential airdrops with our guide. Blur Airdrop Guide: How to Get Season 2 Rewards?

    BLUR Tokenomics

    Blur has minted 3 billion BLUR tokens, with 51% allocated to the community, 29% to past and future core contributors, 19% to investors, and 1% to advisors. A community treasury of 360 million BLUR tokens, equivalent to 12% of the total token supply, can be claimed by NFT traders, historical users of Blur, and creators. 39% of the BLUR supply will be distributed through contributor grants, community initiatives, and incentive programs, with 10% allocated to the next incentive release. (https://www.smallhandsbigart.com/) The vesting of BLUR tokens will occur continuously according to a set schedule for each group of token recipients.

    Marketplace Growth

    Blur is the world’s largest NFT Marketplace, having flipped OpenSea within 6 months of its release. It has achieved this success due to its user-friendly UI, low fees and deeper liquidity for NFTs. With over 400,000 active users and $1.4 billion in traded volume, Blur is the go-to platform for NFT traders. Its incentives program has helped it become the leading NFT Marketplace, offering users a secure and reliable platform to buy, sell and trade digital assets. With its innovative features and competitive fees, Blur is the perfect platform for anyone looking to get involved in the NFT space.

    Conclusion

    Blur is revolutionizing the NFT market in 2023 with its $BLUR token airdrop providing an eye-watering return on investment and reducing the cost of trading. The project has taken the digital art and NFT market by storm and recently flipped OpenSea in volume. It offers users an intuitive platform to trade, purchase and list their NFTs with no transaction fees or royalties charged, and is backed by some of the biggest crypto funds in the industry. With its innovative approach to the NFT market, Blur is set to become the go-to platform for digital art and NFT trading in the coming years.

  • What is zkSync? The L2 Blockchain.

    What is zkSync? The L2 Blockchain.

    zkSync is a Layer 2 solution for Ethereum that provides unlimited scaling and privacy. It is built on zero knowledge (ZK) rollup architecture and is designed to address the inherent drawbacks of Ethereum such as slow transactions and high gas fees due to limited throughput. Layer 2 blockchain protocols separate ownership from computation, allowing for smart contracts to hold all assets on the main chain while the off-chain component is responsible for computation and storage. As a result, zkSync provides a high transaction rate and L1 level of security, allowing users to transfer Ether and ERC20 tokens quickly and securely.

    Layer 2 on Ethereum

    zkSync Era is the first zero-knowledge EVM for Ethereum, launched by Matter Labs in February 2023. It is an open-source project with an MIT/Apache 2.0 license and offers developers the ability to deploy and test their dApps on the mainnet. The mainnet is currently closed to end users until Full Launch Alpha, the final milestone of zkSync Era. In the meantime, Matter Labs is actively pursuing security audits and bug bounty programs to ensure the safety and reliability of the platform. With zkSync Era, developers can take advantage of the scalability and privacy of zero-knowledge proofs to build powerful and secure dApps on Ethereum.

    Matter Labs Team

    Matter Labs is a Berlin-based startup that has created zkSync, the first EVM-compatible zero knowledge rollup supporting general-purpose applications in Solidity without costly gas fees and performance barriers. The startup has raised over $400 million from two dozen VC funds, crypto incubators, and investors, including the Ethereum Foundation, Dekrypt Capital, Placeholder, Dragonfly Capital, 1kx, USV, BitDAO, OKX Blockdream Ventures, and Huobi Venture. With its innovative technology, zkSync is set to revolutionize the blockchain industry and make it easier for developers to create applications on the Ethereum blockchain.

    ZK rollups VS Optimistic rollups

    Rollups are a type of layer 2 solution designed to increase scalability on the Ethereum blockchain. They allow for low-cost verification by rolling up many transactions into one batch and sending them all to Ethereum in one action. This reduces the amount of data that needs to be processed on the main Ethereum chain, allowing for faster and cheaper transactions. Rollups also use smart contracts to lock assets on the Layer 1 blockchain, providing an extra layer of security. With rollups, users can enjoy faster and cheaper transactions without sacrificing security.

    ZK Rollups and Optimistic Rollups are two different types of Ethereum scaling solutions. ZK Rollups use zero-knowledge proofs to verify the batch of transactions and settle it as final on the Ethereum main chain, while Optimistic Rollups assume that every off-chain computation is valid unless proven otherwise. ZK Rollups have higher transaction rates and cheaper fees than Optimistic Rollups, making them a more cost-effective scaling solution. Both solutions are designed to help Ethereum scale and provide users with faster and cheaper transactions.

    zkSync Features

    zkSync is a Layer 2 scaling solution for Ethereum and ERC20 tokens that enables fast and cheap transfers. With a transfer fee of $0.02, a withdrawal fee of $1.59, and a one-time activation fee of $0.44, zkSync is a cost-effective way to scale transactions. It also supports gasless meta-transactions, smart contract interoperability, atomic swaps, limit orders, and native layer 2 NFTs. All of these features are open source and available to developers, making zkSync an ideal solution for crypto exchanges and other applications that require fast and cheap transactions.

    It allows users to send and receive transactions faster and cheaper than on the Ethereum mainnet. It uses zero-knowledge proofs to ensure that all transactions are secure and valid. However, some users have reported slow speeds when withdrawing funds back to the L1 protocol, and dApps are less common due to the high computational power needed to prove every batch. Additionally, there is an issue of EVM compatibility, which further hinders dApps. Despite these drawbacks, ZkSync is a promising scaling solution that could help Ethereum scale and become more efficient.

    Users are able to make cheap and fast transfers. It supports the majority of web3 wallets, including Metamask, Ledger, Trezor, Coinbase Wallet, Fortmatic, Portis, Keystone, KeepKey, and Torus. zkSync has brought cheaper crypto payments for millions of transfers, with over 14 million total transactions and 135 thousand verified blocks. Developers can find extensive documentation and resources to start building on the official website. The zkSync ecosystem consists of around 100 interesting projects, making it a great choice for users looking to explore the world of Ethereum scaling.

    Conclusion

    zkSync is a layer 2 blockchain protocol that enables fast, secure and low-cost transactions. It is a great choice for developers and gamers who want to build on the Ethereum blockchain. The zkSync ecosystem is dominated by DeFi, wallet, bridges, NFTs, and infrastructure projects. Argent, OKX Wallet, 1Inch Network, Balancer, Onto Wallet, Yearn.finance, Curve, ZigZag, Taker, Mute.io, and Reddio are some of the biggest projects onboard. Currently, zkSync doesn’t have a native token, but once it becomes fully decentralized, it will have a native token as a reward mechanism for ZK rollup operators and for staking. The zkSync AirDrop will also come with a native token.

    ZkSync is a Layer 2 scaling solution for Ethereum that provides high throughput of up to 100,000 transactions per second. It is powered by Zinc, a native programming language, and offers smart contract interoperability with Solidity. Hacken auditors can analyze and review zkSync smart contracts for vulnerabilities, and the blockchain is secured with a security-first mindset and professional expertise of the leading smart contract auditor. zkSync also runs a self-hosted bug bounty program and may request the assistance of professional bug bounty platforms in the future.

  • The Upside to Prioritizing High Fees: Navigating Busy Networks on the Solana Blockchain

    The Upside to Prioritizing High Fees: Navigating Busy Networks on the Solana Blockchain

    The Solana blockchain is one of the layer 1 cryptocurrency ecosystems that is setting the industry standard for scalability and low latency. With its newfound ability to handle heavy transactional load during peak times, Solana could be opening up opportunities for savvy users to exploit fleeting arbitrage opportunities, or purchase desirable NFT’s before they’re gone.

    Enter ‘Priority Fees’, a technology aimed at stabilizing the network against crippling congestion and data overload, particularly during peak usage times like the 2021 blockchain overload from trading bots. By offering Priority Fees, users can pay an additional fee to boost the speed of their transactions, effectively easing the transactional pressure at any given time.

    Over the past few months, leading wallets, exchanges, and trading pools have adopted the feature, and various projects, developers and institutions have diligently monitored the average fee rate users are paying in to the network. The average transaction fee Solana users paid in a recent epoch was 0.000014641 SOL, though the maximum cost for priority fees was around $24,000.

    A key advantage of the Fee Market system implemented by Solana developers is that it eliminates the need for one-size-fits-all spikes in fees, as is the case on Ethereum, where congestion in one part of the network has an adverse effect on the entire ecosystem. Having distinct fees for distinct transactions helps keep the trading fees affordable for users who are trading non-fungible tokens or participating in an arbitrage opportunity.

    Projects such as the ‘Solana Compass’ offer an opportunity to gain insight into the current metrics of the Solana network and the incentives it offers to users, allowing them to make more informed investment decisions. Jonny Platt, CEO of Solana Compass notes that priority fees are driving more value into Solana tokens as they become increasingly scarce, and users of the blockchain are excited to see the results of the improvements made.

    Priority Fees aren’t the only means of tackling network congestion. Core developers are still attempting to address the ‘spam’ issue with capable anti-spam plumbing, however they warn that until more features that make spamming uneconomical have been built, Solana’s transaction fees won’t be enough to curb the issue.

    Despite its historical ties with the now-defunct FTX exchange, Solana has appeared to successfully bounce back from this minor setback. When compared to activity on the Ethereum network, Coinbase suggests that the SOL token is undervalued and should command a much higher market capitalization given that it is processing nearly 17 times the amount of daily transactions than Ethereum.

    Navigating Solana’s massively busy network can be daunting, but with the implementation of Priority Fees, users no longer have to worry about time-sensitive transactions being delayed or stuck in queues. The upside to this potentially expensive fee system is that it offers users a significant degree of control during high-demand times, allowing them to quickly and conveniently jump to the front of the transactional queue, allowing them to exploit the arbitrage opportunities presented by the blockchain.