Byreal, an innovative onchain Decentralized Exchange (DEX) built on the Solana blockchain and incubated by leading cryptocurrency exchange Bybit, is generating significant buzz within the crypto community. Positioned as a hybrid finance solution, Byreal aims to merge the robust liquidity of centralized exchanges (CEXs) with the transparency and composability inherent in decentralized finance (DeFi). With its testnet launching on June 30, 2025, and mainnet expected in Q3 2025, Byreal is quickly becoming a project of interest for potential airdrop opportunities.
This article provides a step-by-step guide to engaging with Byreal for a potential airdrop, along with an overview of the project, its team, funding, revenue model, and detailed whitelist eligibility criteria.
Byreal Airdrop Step-by-Step Guide: Participating in the Reset Launch Campaign
The “Reset Launch” campaign appears to be the initial call to action for Byreal end-users, offering a potential pathway to early rewards and airdrop eligibility. This campaign, which includes a collaboration with Fragmetric, is designed to reward early conviction and ensure fair participation.
Campaign Details: The “Reset Launch – Fragmetric” campaign is selecting 30 random members as winners. Winners are scheduled to be announced on June 28, 2025, via Byreal’s official X account.
How to Participate:
Follow Byreal on X (formerly Twitter): Ensure you are following the official Byreal X account, @byreal_io. This is crucial for staying updated on campaign announcements and future opportunities.
Join Byreal Telegram: Locate and join the official Byreal Telegram group. This is often a hub for community interaction and direct announcements.
Post Your Thoughts on Reset Launch: Share your insights or thoughts on the “Reset Launch” campaign on X, making sure to include the hashtag #ByrealReset. This demonstrates engagement and support for the project.
Submit Your Wallet: Fill out the designated form to submit your Solana wallet address. This is a critical step for potential eligibility in the airdrop.
Important Note on Links: As of now, the specific links for the official Byreal Telegram group and the wallet submission form for the “Reset Launch” campaign were not directly found through general searches. It is highly recommended to visit Byreal’s official X account (@byreal_io) and check their pinned tweets, bio, or recent posts for the most accurate and up-to-date links to their Telegram group and the wallet submission form. Always verify links from official sources to avoid scams.
Whitelist Eligibility for “Reset Launch”
The “Reset Launch” campaign by Byreal, in collaboration with Fragmetric, has specific whitelist eligibility criteria designed to reward engaged users and holders within the Solana ecosystem.
Explicit Whitelist Partners and User Groups:
Active bbSOL users: This refers to users who are actively utilizing bbSOL, which is Bybit’s liquid staking token for Solana. This indicates that Byreal is prioritizing users already engaged with Bybit’s DeFi offerings.
Fragmetric F point holders: As Fragmetric is the inaugural project to leverage Byreal’s “Reset Launch” platform, holders of Fragmetric F points are granted whitelist eligibility. This rewards early supporters and participants within the Fragmetric ecosystem.
TOPU, Inc. NFT holders: Holders of NFTs from TOPU, Inc. are also included in the whitelist. This suggests a broader strategy of partnering with established projects and communities within the Solana NFT space.
RateX Protocol Users: There is a strong indication that active users of RateX Protocol, especially those interacting with Fragmetric’s fragSOL token on RateX, could be eligible. Fragmetric and RateX have launched joint campaigns where users can deposit fragSOL on RateX to earn boosted points from both projects. Given Fragmetric’s direct partnership with Byreal for the “Reset Launch,” this close collaboration suggests that active RateX users involved in these joint initiatives would be highly considered for whitelist spots.
Potential Qualifications for Other Solana Ecosystem Participants:
While not explicitly stated as direct whitelist partners for this specific “Reset Launch” campaign, the following projects are significant players in the Solana ecosystem. Engaging with them could potentially increase eligibility for future Byreal initiatives or broader Solana-based airdrops, as new projects often reward users of established protocols within their ecosystem.
@KaminoFinance: Kamino Finance is a prominent Solana-based DeFi protocol offering concentrated liquidity management, lending, and borrowing. Active users of Kamino, especially those providing liquidity or engaging in lending/borrowing, are deeply embedded in the Solana DeFi landscape, making them potential targets for cross-project incentives.
@jito_sol: Jito is a leading liquid staking service on Solana, known for its JitoSOL liquid staking token. As Byreal is a DEX on Solana, users actively staking SOL with Jito or utilizing JitoSOL in DeFi protocols represent a valuable user base that Byreal might seek to attract.
@sanctumso: Sanctum is another key player in Solana’s liquid staking ecosystem, focusing on new Liquid Staking Tokens (LSTs) and offering yield opportunities. Similar to Jito, active participation in Sanctum’s offerings could position users favorably for future Byreal engagement.
@CudisWellness: CUDis is a DePIN project on Solana focused on health and wellness. While its core focus differs from a DEX, its presence and community engagement within the Solana ecosystem could make its users generally attractive for broader ecosystem rewards.
@virtuals_io: Virtuals Protocol is a decentralized AI platform that operates on both Base and Solana. Its expansion into Solana means that users active on its Solana-based offerings could be considered for ecosystem-wide incentives.
@iSafePal: SafePal is a popular cryptocurrency wallet that supports Solana. While being a wallet user typically doesn’t grant direct whitelist access unless there’s a specific partnership, projects often reward users of widely adopted wallets that facilitate access to their ecosystem.
@Solana_zh: This is the official Chinese-language Twitter account for Solana. Engagement with such official communication channels demonstrates active interest in the Solana ecosystem. While not a project with its own user base for direct whitelisting, it signifies general ecosystem participation, which can be a broad criterion for some airdrops.
The whitelist eligibility check process for the “Reset Launch” was scheduled to open on June 27, 2025, with the “Reset Launch” itself starting on June 30, 2025. It’s important for interested participants to verify their eligibility through official Byreal channels and ensure they meet the criteria for these specific user groups.
Understanding “Reset Launch” and the Byreal-Fragmetric Relationship
The “Reset Launch” is a core feature of Byreal, serving as a fair launchpad model for new token listings. It incorporates mechanisms like a “Smart Price Ladder” and “Fairshare Engine” to counter common issues in token launches, such as inefficient airdrop farming and unfair distribution. Byreal aims for this model to foster trust and engagement by prioritizing transparency and fairness in new project introductions.
Fragmetric, on the other hand, is a native liquid restaking protocol operating on the Solana blockchain. Its mission is to enhance the security and economic potential of the Solana ecosystem through innovative token technology and reward distribution mechanisms. Fragmetric has successfully raised $12 million across various funding rounds.
The “Reset Launch – Fragmetric” campaign signifies a strategic collaboration. Fragmetric is likely the inaugural project to leverage Byreal’s “Reset Launch” platform for its token distribution or a related community engagement event. This partnership highlights Byreal’s commitment to supporting promising projects within the Solana ecosystem through its fair launch mechanism.
Byreal Project Overview
Byreal is envisioned as the “first onchain DEX on Solana” to be incubated by Bybit. Its primary goal is to serve as an “onchain extension of a global exchange,” bridging the gap between centralized exchange liquidity and decentralized finance transparency. The platform focuses on bringing real-world assets (RWAs) on-chain, aiming to become a leading liquidity infrastructure for tokenized real assets.
Key products offered by Byreal include:
Byreal DEX: A decentralized exchange designed for low-slippage, MEV-protected swaps, utilizing advanced routing systems like Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM).
Reset Launch: As detailed above, a fair launchpad model for new token projects.
Revive Vault: Curated yield vaults that offer frictionless yield strategies, including integration with Bybit’s bbSOL liquid staking token.
Byreal’s testnet was scheduled to launch on June 30, 2025, with the mainnet rollout anticipated in the third quarter of 2025.
Team Information
Byreal is spearheaded by Emily Bao, who is identified as the Founder of the project. The project benefits significantly from the backing and incubation of Bybit, with Ben Zhou, the CEO of Bybit, actively involved and publicly endorsing Byreal. The team is described as “small but with big conviction”. Furthermore, the Solana Foundation, represented by its President Lily Liu, provides strategic support, aligning Byreal’s focus on improving liquidity infrastructure with Solana’s long-term vision.
Funding Information
Byreal is incubated by Bybit, a major player in the cryptocurrency exchange space. This incubation implies significant financial and strategic backing from Bybit. Additionally, Byreal receives strategic support from the Solana Foundation. While specific venture capital funding rounds for Byreal itself are not detailed beyond Bybit’s incubation, the strong backing from Bybit and Solana Foundation positions Byreal with substantial resources.
Revenue Model
Byreal’s revenue model is built around its core product offerings, designed to attract both institutional and retail participants. Potential revenue streams include:
DEX Trading Fees: As a decentralized exchange, Byreal will likely generate revenue from trading fees on swaps and other transactions conducted on its platform.
Launchpad Fees (from Reset Launch): The “Reset Launch” platform, which facilitates new token listings, will likely charge fees to projects utilizing its fair launch services.
Yield Generation (from Revive Vault): The Revive Vaults, offering various yield strategies, could generate revenue through management fees or performance fees on the yields generated for users.
By focusing on bridging blue-chip digital assets and tokenized real-world assets, Byreal aims to capture a significant share of liquidity and trading volume, thereby solidifying its revenue generation capabilities within the Solana DeFi ecosystem.
Magma Finance, a cutting-edge decentralized finance (DeFi) protocol built on the Sui network, is gaining significant attention for its innovative approach to liquidity and its potential for airdrop rewards. This comprehensive guide will delve into the intricacies of Magma Finance, providing a detailed overview of the project, its core functionalities, and crucial information regarding its team, funding, and revenue model. Most importantly, we will provide a step-by-step guide on how to interact with Magma Finance to maximize your chances of qualifying for potential airdrops, focusing on both Galxe quests and retroactive point farming.
Magma Finance Airdrop Guide: Step-by-Step
Magma Finance offers multiple avenues for users to earn points, which are crucial for qualifying for potential airdrops. These methods include participating in Galxe quests and engaging directly with the Magma Finance protocol on the Sui network.
1. Galxe Quests: Magma Points Season 1: Mine & Magnify
Galxe is a leading platform for Web3 communities to engage with their users through various on-chain and off-chain activities. Magma Finance utilizes Galxe to reward early community participation and engagement.
Connect your Galxe Account: Navigate to the Magma Finance Galxe quest page and connect your cryptocurrency wallet. Ensure your wallet is connected to the appropriate network (Sui, if prompted).
2.Complete All Tasks: Magma Finance typically offers a variety of tasks designed to increase user engagement and education. These tasks may include:
•Engage on X (formerly Twitter): Following Magma Finance’s official X account, retweeting specific posts, or liking announcements.
•Learn about Magma Finance: This might involve reading articles, watching introductory videos, or answering quiz questions about the protocol’s features and vision.
•Community Participation: Joining Magma Finance’s Discord or Telegram channels and actively participating in discussions.
•Daily Check-in: A simple daily action on the Galxe platform to accumulate points over time.
3.Claim Points: After successfully completing each task, ensure you claim your accumulated points on the Galxe platform. These points are recorded and contribute to your overall eligibility for future airdrops.
2. Retroactive Airdrop: Engaging with the Magma Finance Protocol
Beyond social engagement, direct interaction with the Magma Finance protocol on the Sui network is a primary method for earning retroactive points, indicating active participation in the ecosystem.
1.Connect your Sui Wallet: Visit the Magma Finance points page and connect your Sui-compatible cryptocurrency wallet. This is essential for the protocol to track your on-chain activities.
2.Engage in Core Protocol Activities: Points are primarily earned through active use of the Magma Finance decentralized exchange (DEX) functionalities:
•Trade/Swap: Execute cryptocurrency trades or swaps on the Magma Finance platform. The volume and frequency of your trades may influence the number of points earned.
•Add Liquidity: Provide liquidity to various trading pairs on Magma Finance. By contributing assets to liquidity pools, you facilitate trading and earn a share of trading fees, in addition to accumulating points. For every address with a liquidity position in tagged pools worth $100 or more, there will be some daily check-in points.
3.Daily Check-in Points: Maintain consistent engagement. For every address with a liquidity position in tagged pools worth $100 or more, there will be some daily check-in points. This incentivizes long-term participation and commitment to the protocol.
Important Considerations for Airdrop Eligibility:
•Consistency is Key: Regular interaction with both Galxe quests and the Magma Finance protocol is often more beneficial than sporadic, large-volume activities.
•Diversify Activities: Engage in a variety of tasks, including trading, providing liquidity, and social engagement, to maximize your point accumulation.
•Monitor Official Channels: Stay updated with Magma Finance’s official announcements on their X (Twitter) and Discord channels for any changes to airdrop criteria or new opportunities.
•Security: Always ensure you are interacting with the official Magma Finance and Galxe websites. Be wary of phishing attempts and never share your private keys.
Project Overview: Magma Finance
Magma Finance is positioned as a novel DeFi primitive focused on unlocking the full potential of liquid staking tokens (LSTs) and real-world assets (RWAs). Its primary offering is ioUSD, a stablecoin fully collateralized by these assets. This design aims to provide a native stable asset for the ecosystem, opening up new DeFi opportunities for both projects and individual users [1].
The protocol is built on a robust economic model, drawing inspiration from established DeFi protocols like Liquity. This ensures efficient borrowing mechanisms and timely liquidations. A key differentiator is Magma Finance’s unique multi-collateral design, where each position maintains a single collateral type. This approach isolates risks, preventing contagion across different collateralized assets [1].
Magma Protocol is designed to be non-custodial and governance-minimized, striving for immutability. Its codebase is built upon Liquity, ensuring a robust and truly decentralized stablecoin. The protocol features flexible collateral parameters, emission schedules, and protocol fees, all of which will eventually be governed by the Magma DAO (Decentralized Autonomous Organization) [1].
Main Use Cases of Magma Finance:
1.Borrow ioUSD against IOTX: Users can open a Vault to borrow ioUSD by collateralizing their IOTX tokens.
2.Secure Magma by providing ioUSD to the Stability Pool: Users can provide ioUSD to the Stability Pool and earn rewards for doing so.
3.Stake MGM: Users can stake the native Magma token (MGM) to earn a share of the fee revenue generated from minting or redeeming ioUSD.
4.Redeem ioUSD: When the ioUSD peg falls below $1, users have the option to redeem 1 ioUSD for 1 USD worth of IOTX, helping to restore the peg [1].
Magma Finance on Sui is a cutting-edge Automated Market Maker (AMM) Decentralized Exchange (DEX) specifically designed for MOVE-based blockchains. It integrates a concentrated liquidity AMM model with ve(3,3) tokenomics, providing long-term incentives for early participants and builders within the protocol [2].
Key Features of Magma Finance on Sui:
•Vote Escrow Mechanism: Users can lock Magma tokens to acquire governance rights, earn trading fees, and benefit from veMagma rebase rewards.
•Liquidity Incentives: The platform offers a permissionless concentrated liquidity AMM, optimizing capital efficiency and allowing users to earn Magma tokens as rewards for providing liquidity.
•Transparency and Security: Magma Finance emphasizes transparency and security, having undergone audits by reputable security firms and being developed by an experienced team [2].
Participant Roles in Magma Finance on Sui:
•ve-Token Voters: These participants gain governance rights and earn rewards by locking their tokens.
•Liquidity Providers: They contribute to liquidity pools, benefiting from competitive returns.
•Traders: Users can enjoy low fees and high efficiency when trading on the platform [2].
Roadmap Highlights (as of early 2025):
•February 2025 (FIRST STAGE): Launch of a fully functional concentrated liquidity AMM DEX on Sui, following a thorough code audit.
•March 2025 (SECOND STAGE): Implementation of the ve(3,3) system, encompassing staking, voting, and the distribution of fees and incentives [2].
Auditors:
Magma Finance has engaged with prominent security firms to ensure the integrity and security of its protocol:
•MoveBit: A security team specializing in the Move ecosystem, dedicated to establishing standards and conducting security audits for the Move ecosystem.
•Zellic: A firm that focuses on securing emerging technologies [2].
Team Information
While specific individual team members of Magma Finance on the Sui network are not prominently disclosed on their official website or readily available through public searches, the project emphasizes that it is “built by an experienced team” [2]. The focus appears to be on the decentralized and immutable nature of the protocol, with governance eventually transitioning to a DAO [1].
Their commitment to security and transparency is highlighted by their engagement with reputable auditing firms like MoveBit and Zellic, suggesting a professional approach to development and deployment [2].
Revenue Model
Magma Finance generates revenue primarily through its protocol fees and the economic activities facilitated on its platform. The core revenue streams are derived from the minting and redemption of its stablecoin, ioUSD, and the trading activities on its AMM DEX.
Key aspects of Magma Finance’s revenue model include:
•Minting and Redemption Fees: The protocol charges fees for the minting and redemption of ioUSD. These fees contribute to the overall revenue of the protocol, which can then be distributed to stakeholders, particularly those who stake the native $MGM token [1].
•Trading Fees: As an AMM DEX, Magma Finance earns revenue from the trading fees generated by swaps and trades conducted on its platform. These fees are a standard mechanism for DEXs to generate income and incentivize liquidity providers [2].
•Stability Pool Rewards: While not a direct revenue stream for the protocol itself, the Stability Pool mechanism plays a crucial role in maintaining the ioUSD peg and incentivizing users to provide liquidity. Rewards earned by Stability Pool participants can be seen as a cost of maintaining stability, but the overall health of the stablecoin contributes to the protocol’s long-term viability and attractiveness [1].
•ve(3,3) Tokenomics: The implementation of ve(3,3) tokenomics is designed to create long-term incentives and align the interests of users with the protocol’s success. This model encourages users to lock their Magma tokens, granting them governance rights and a share of the trading fees and veMagma rebase, effectively distributing protocol revenue back to engaged participants [2].
In essence, Magma Finance’s revenue model is built around facilitating a decentralized stablecoin and efficient trading, with fees from these activities forming the primary income. The ve(3,3) model further reinforces this by creating a sustainable ecosystem where active participation is directly rewarded through a share of the protocol’s earnings.
Conclusion
Magma Finance presents an intriguing opportunity within the DeFi landscape, particularly for those interested in stablecoins, liquid staking tokens, and the Sui ecosystem. With its focus on a decentralized, LST/RWA-backed stablecoin (ioUSD) and a robust AMM DEX, it aims to provide a secure and efficient platform for various financial activities. The ongoing airdrop campaigns, both through Galxe quests and retroactive point farming via protocol interaction, offer a clear pathway for early adopters to be rewarded for their participation.
While specific team and detailed funding information remain somewhat opaque, the project’s commitment to security through audits and its clear roadmap for implementing ve(3,3) tokenomics suggest a well-planned approach. As the DeFi space continues to evolve, projects like Magma Finance, with their innovative models for liquidity and stablecoin management, will be key to driving further adoption and utility.
For those looking to engage with Magma Finance and potentially qualify for future airdrops, consistent participation in Galxe quests and active interaction with the protocol (trading, swapping, and providing liquidity) are crucial. Always stay informed through official channels and prioritize security in all your DeFi endeavors.
Welcome to the third part of our crypto trading guide series for beginners! In this article, we’ll dive into a critical price action concept: confirmation versus deviation. Understanding how to distinguish between these two patterns at key levels can help you avoid fakeouts, take high-probability trades, and stay disciplined in the volatile crypto market. We’ll break down what confirmation and deviation look like, how to identify them using simple price action rules, and why patience is key to mastering this skill.
Understanding Confirmation vs. Deviation
Confirmation and deviation are price action patterns that help you determine whether a breakout or breakdown at a key level is likely to continue or reverse.
A confirmation signals a high-probability trade setup, where price respects the key level and moves in the expected direction, while a deviation indicates a fakeout, where price briefly breaks a level but reverses, trapping impatient traders.
For beginners, learning to spot these patterns can prevent costly mistakes and build confidence in your trading decisions. We’ll focus on identifying confirmations and deviations for both long and short setups.
Identifying a Confirmation for Long Trades
A confirmation for a long trade occurs in 5 steps and they have to be in order:
Price breaks above a key level (a significant resistance)
Price retests the key level
Price forms a new high
Price retests the former high as support
Entry at former high and place stop loss below key level, targeting the next key level
This sequence confirms the breakout’s validity, signaling a strong entry point.
Figure 1. Long Confirmation Setup
Example: SOL Long Confirmation (April to May 2025)
Take for example Solana’s price action during the period of late February to May 2025 (figure 2). $135 was a significant key level for 4 weeks acting as support, until price completely broke below the key level in early March which then acted as resistance. The sequence of the long confirmation setup is as follows:
Price broke above $135 resistance in mid April reaching $141.96
Price retested the $135 key level
Price made a new high at $152.3, confirming the $135 key level as support
Price retested the former high at $141.96
Enter at $141.96, place stop loss below the $135 support level and target the next key level at $176.48
Figure 2. SOL Long Confirmation Setup (February to March 2025)
Identifying a Confirmation for Short Trades
A confirmation for a short trade occurs in 5 steps and they have to be in order:
Price breaks below a key level (a significant support)
Price retests the key level
Price forms a new low
Price retests the former low as resistance
Entry at former low and place stop loss above key level, targeting the next key level
This sequence confirms loss of momentum from buyers, signaling a strong entry point.
Figure 3. Short Confirmation Setup
Example: BTC Short Confirmation (Feb to April 2025)
Take for example Bitcoin’s price action during the period of February to April 2025 (figure 4). $90,500 was a significant key level for BTC acting as support since December 2024. Price made a new low once the daily candle closed below the key level on February 25. Price continues to make new lows, so there are multiple points to take into account. In this type of situation, marking out the candle body closes is very helpful. The sequence of the short confirmation setup is as follows:
Price breaks below the $90,500 support and closed at $88680.4 on Feb 25. Price continues lower the next day and closed at $84,250.09
Price retests the $90,500 key level and closed above on March 2 but completely reversed the next day
Price forms a new low at $78,595.86, confirming the $90,500 key level as resistance
Price retests former low 2 and former low 1
DCA entry from former low 2 to former low 1 (shown in the green box) and place stop loss above the $90,500 key level, targeting the new low or previous key levels below
Figure 4. BTC Short Confirmation Setup (Feb to April 2025)
Spotting a Deviation and Avoiding Fakeouts
A deviation occurs when price breaks a key level but fails to confirm with a retest, new high/low, and subsequent retest, often forming a semicircle pattern that signals indecision. This leads to a reversal, trapping traders who enter too early. Deviations are generally risky because price can move very quickly in either direction. However, deviations can still be traded if price distributes slowly.
Identifying a Deviation for Long Trades
A valid deviation for a long trade occurs in 6 steps and they have to be in order:
Price breaks below a key level (a significant support)
Price reverses and close above the key level
Price retests the key level
Price forms a new high
Price retests the former high as support
Entry at former high and place stop loss below key level, targeting the next key level
Notice how it is basically a confirmation sequence/pattern but with an extra step – the deviation!
Figure 5. Valid Deviation for Long Setup
Example: $S Long Confirmation off of Deviation(Jan to Feb 2025)
Take for example Sonic’s price action during the period of January to February 2025 (figure 5). $0.5008 was a significant key level for $S acting as both support and resistance in January. As you can see, there were multiple deviations that occurred where price action was indecisive, hence why deviations are risky. Selecting the right one to trade requires waiting for confirmation. The sequence of the long confirmation setup off of the deviation is as follows:
Price breaks below the $0.5008 key level
Price reverses and closed above the key level at $0.5685
Price retested the key level
Price made a new high at $0.6197
Price retested the former high
Enter at former high, place stop loss below the $0.5008 support level and target the next key level at $0.7809
Figure 6. $S Long Confirmation off of a Deviation
Identifying a Deviation for Short Trades
A valid deviation for a short trade occurs in 6 steps and they have to be in order:
Price breaks above a key level (a significant resistance)
Price reverses and close below the key level
Price retests the key level
Price forms a new low
Price retests the former low as resistance
Enter at former low and place stop loss above key level, targeting the next key level
Based on my experience, this is especially prevalent for altcoins where buyers get trapped on the break above the resistance, thinking it is a confirmation for a breakout.
Figure 7. Valid Deviation for Short Setup
Example: SUI Short Confirmation off of Deviation(April to June 2025)
Take for example Sui’s price action during the period of April to June 2025 (figure 8). $3.6936 was a significant key level for SUI acting as resistance in late April and support in mid May. Price made a new low once the daily candle body closed below the key level on May 23, confirming the entire price action above the key level as deviation. The sequence of the short confirmation setup off of the deviation is as follows:
Price breaks above the $3.6936 key level
Price reverses and closed below the key level at $3.5360
Price retested the key level
Price made a new low at $3.1701
Price retested the former low
Enter at former low, place stop loss above the $3.6936 support level and target the next key level at $2.7825
Figure 8. SUI Short Confirmation off of a Deviation
Key Takeaway
The most important principle is to wait for the full setup—breakout, retest of the key level, new high/low, retest of the former high/low—before taking a trade, ensuring you’re entering high-probability setups while avoiding fakeouts. This analysis avoids assumptions or bias, focusing on the observable behavior of buyers and sellers through candlesticks and the economic principles of supply and demand at key levels.
Notice in the images they all form a higher high, higher low structure for longs and lower high, lower low structure for shorts. Yes! This is how you correctly enter at pullbacks in combination with key levels. You are essentially buying high, selling higher for longs and selling low, selling lower for shorts.
Helios is a modular Layer 1 blockchain designed to address the limitations of fragmented ecosystems by focusing on seamless interoperability, on-chain automation, and long-term developer sustainability [4]. It introduces an innovative framework built around its original consensus mechanism, Interchain Proof of Stake and Reputation (IPoSR). Unlike traditional Layer 1 chains that rely on singular token ecosystems, Helios allows validators to stake a variety of tokens from established ecosystems like Ethereum, Cosmos, and BNB Chain, thereby decentralizing control and enhancing network security [4].
One of the standout features of Helios is its bridge-free interoperability, enabling secure smart contract execution across multiple chains without the vulnerabilities associated with traditional bridge mechanisms. The network also incorporates Chronos Tasks, a built-in automation system that allows developers to program smart contracts with scheduled execution capabilities, making it suitable for decentralized applications (dApps) in DeFi, governance protocols, and AI-powered agents [4].
Helios aims to provide a compelling incentive model for developers through built-in revenue sharing, where smart contract creators automatically receive a portion of the gas fees generated by their deployed contracts. This protocol-level reward system is designed to provide a sustainable income stream for developers [4].
Helios Testnet Airdrop: Step-by-Step Guide
Interacting with the Helios Testnet is crucial for potentially qualifying for an airdrop. The testnet is designed to be gamified, where on-chain activities earn you XP and increase your level. Follow these steps to participate:
Upon accessing the testnet application, connect your Metamask wallet. It is highly recommended to use a burner wallet for testnet interactions to ensure the security of your main assets.
Step 3: Claim Faucet Tokens
Once your wallet is connected, claim HLS testnet tokens from the faucet. These tokens are essential for interacting with the chain, sending transactions, delegating, and voting on governance proposals [1].
Step 4: Claim Your Badge
After claiming faucet tokens, proceed to claim your badge. The Medium article mentions a tag system where tags like “Farmer” can multiply your XP [1].
Step 5: Explore the Helios Portal for On-Chain Actions
Go to the Helios Portal, which is the core interface for interacting with the blockchain: https://portal.helioschain.network/ [1]. Here you can perform various on-chain actions:
•Bridge Tokens: Transfer tokens across supported testnet chains (Ethereum Sepolia, Avalanche Fuji, BNB Testnet, Polygon Amoy) [1].
•Stake Tokens to Validators: Delegate your testnet tokens to validators [1].
•Vote on Governance Proposals: Participate in governance by voting on proposals like asset weights or protocol upgrades [1].
Step 6: Repeat Daily
To maximize your XP and increase your chances for the airdrop, repeat the daily tasks on the testnet. The testnet is built like a game, and everything you do on-chain earns you XP and increases your level. There are daily missions and rewards for using the network as intended [1].
Step 7: Complete Helios on Zealy
After interacting with the testnet, complete the tasks on Zealy. This platform often hosts quests and bounties that contribute to your eligibility for airdrops. The provided Zealy link is: https://zealy.io/cw/heliosblockchain/questboard.
Step 8: Link Wallet to Discord Account
To fully participate in the testnet, you need to connect your wallet and your Discord account. This ensures XP tracking, role assignment, and airdrop eligibility. Join their Discord server: https://discord.gg/Ms4CaYArHm and connect your wallet in the link-wallet channel.
Welcome to the second part of our crypto trading guide series for beginners! In this article, we’ll tackle two critical pillars of successful trading: risk management and trader psychology. Mastering these skills ensures you can trade with consistency, avoid emotional pitfalls, and protect your capital for the long term. We’ll break down how to manage risk effectively, maintain emotional discipline, and understand the psychological journey of a trader.
Understanding Risk Management and Psychology
Risk management is about protecting your capital by controlling how much you’re willing to lose on each trade, while trader psychology focuses on managing your emotions to stay disciplined and consistent. Together, they form the backbone of profitable trading.
Without proper risk management, even the best setups can wipe out your account, and without psychological discipline, fear or greed can derail your strategy. For beginners, we’ll focus on the following concepts:
1% Risk Rule
Risk-to-Reward Ratios (RR)
Win Rates
The 1% Risk Rule and Position Sizing
The cornerstone of risk management is the 1% risk rule: never risk more than 1% of your portfolio on a single trade. This keeps losses small, allowing you to survive losing streaks and stay in the game long enough to profit. Let’s see how to apply this with an example.
Example: BTC Trade Setup (May 8 2025)
Let’s say we have a $10,000 portfolio, so our 1% risk is $100. On May 8, BTC has broken above previous Friday High and we’re looking to take a long at the retest of that key level at $97,868 while placing our stop-loss at previous Friday Low at $96,306.9 (1.6% drop from our entry).
The first thing we should do is to calculate our position size.
Position Size = Risk Amount ÷ Stop-Loss Percentage
In our example, that would be $100 ÷ 0.016 = $6,250. Our position size is $6,250, meaning we can buy $6,250 worth of BTC at $97,868.
If the stop-loss hits at $96,306.9, we lose $100. If the take-profit hits at $100,000, we make $136.59. You can use TradingView or Bybit to calculate this!
Figure 2. TradingView Long Position ToolFigure 3. Bybit Spot Order
Different trading tools and exchanges will likely have different names for “portfolio” and “position size” on their interface. Just so that you are not confused with the terminologies:
“Account Size” on TradingView and “Available Balance” on Bybit refers to your portfolio.
“Lot Size” on TradingView and “Order Value” on Bybit refers to your position size.
Using Leverage for Trading
When your calculated position size exceeds your portfolio, leverage becomes a tool to bridge that gap, enabling you to take the trade without risking more than your 1% rule allows.
In other words, if your account size is smaller than the position size needed for a trade, leverage lets you borrow funds to meet that position size. Let’s see how to use leverage effectively by determining the right leverage amount based on your account size and position size.
Figure 4. SOLUSDT.P on Bybit
Let’s say we have a $10,000 portfolio, so our 1% risk is $100. We’re looking to go long on SOL at $162.34 while placing our stop-loss at $161.34 (0.62% drop from our entry). This means our position size is $100 ÷ 0.0062 = $16,129.03. Since our position size is larger than our account size ($16,129.03 > $10,000), we will need leverage to take this trade.
To determine the leverage needed, divide the position size by the account size: $16,129.03 ÷ $10,000 = 1.61x leverage.
This means we can use 1.61x leverage on our $10,000 to achieve the $16,129.03 position size. Bybit is a strong choice for leveraged trades, as the platform allows you to customize your leverage settings with precise adjustments, such as 3.5x or 8.33x, helping you achieve your position size with accuracy.
Alternatively, we could use a smaller portion of our account, say $5,000 (half of our portfolio), at a higher leverage to achieve the same position size: $16,129.03 ÷ $5,000 = 3.23x leverage. Either way, any leverage setting we use would still result in a $100 loss if our stop-loss at $161.34 is hit. This also means the profit would be the same in any leverage setting.
This is the correct way to use leverage for trading. At the end of the day, it does not matter how high or low the leverage setting is as long as our risk is managed properly!
Using Risk-to-Reward Ratio (RR)
The risk-to-reward ratio (RR) measures the potential profit of a trade relative to its potential loss, expressed as a ratio. For example, a 2R trade (or 2:1) means you’re risking 1 unit of loss to potentially gain 2 units of profit—such as risking $100 to make $200. In the BTC trade example above, you can see that it was a 1.37R trade where we are risking $100 to make around $137 and in the SOL leveraged trade example as well where it was a 4.87R trade, risking $100 to make $487.
In this guide, we use R to represent 1% of your portfolio, so a 2R setup risks 1% to gain 2%, and a 3R setup risks 1% to gain 3%.
The rule of thumb in trading is to aim at least for a 1R setup. Focus on higher RR setups.This ensures that even with a lower win rate, your winners outweigh your losers. However, there are different strategies to go about this which we will discuss in the next section.
Win Rate Strategies
Figure 5. Risk:Reward & Win-Rate Cheatsheet by QuantVue (Source: TradingView)
Win rates determine your long-term profitability, but they’re often misunderstood, especially by beginners who think a high win-rate means success. While a high win rate (e.g., 70%–80%) might seem like the key to profitability, it’s not the only factor. Your risk-to-reward ratio (RR) plays a crucial role in balancing your strategy.
A high win rate with a low RR (e.g., 1R) can lead to smaller gains that don’t cover losses over time, while a lower win rate with a high RR (e.g., 3R or higher) can make you profitable even if you lose more trades. Refer to figure 5, if you are targeting for 1R setups only, you will need more than 50% win-rate to be profitable. On the other hand, if you are targeting for 3R setups only, you only need a 30% win rate.
Different traders prefer different strategies based on their risk tolerance and trading style: some aim for a high win rate with 1R setups, focusing on consistency and frequent small wins, while others target 3R or higher setups with a lower win rate, prioritizing larger gains per trade to offset more frequent losses.
The Psychological Journey: Loss Aversion
Trader psychology is a rollercoaster, and for beginners, one of the biggest challenges is dealing with losing streaks, especially when trading live. Loss aversion—a powerful cognitive bias—makes the pain of losing feel twice as intense as the joy of winning, according to behavioral finance research by Daniel Kahneman and Amos Tversky in their Prospect Theory. This bias can lead beginners to hold onto losing trades too long, hoping for a reversal, or to exit winning trades too early out of fear of losing gains, resulting in poor risk-reward outcomes.
Imagine you’re a beginner with a $5,000 portfolio, following the 1% risk rule, risking $50 per trade. You take 10 trades, but hit a losing streak of five trades in a row. After the first loss, your account drops to $4,950, and the sting of that $50 loss hits hard—emotionally, it feels much worse than a $50 gain would feel good. By the fifth loss, your account is down to $4,754.95, a total loss of $245.05. Despite the 1% rule keeping your financial risk small, the emotional toll of losing streak after losing streak can be overwhelming.
Research shows that 70%–80% of traders experience heightened emotions during market volatility, often leading 40% of retail traders to exit trades prematurely due to fear, according to a 2025 study on forex trading psychology. This stress can cause beginners to question their strategy, even when it’s statistically sound, and may push them toward impulsive decisions like revenge trading—taking larger positions to “make back” losses—or quitting altogether.
In live trading, even with good risk management, the stress of a losing streak can test your mental fortitude. The key question is: do you have the mental fortitude to continue trading through the inevitable losses, trusting your strategy’s edge over time, or will loss aversion derail your journey?
Conclusion
Risk management and psychology are about consistency, not perfection. The most important principle is to always risk the least to make the most, using the 1% rule, high RRR setups, and hedging to keep losses small and profits significant. Psychologically, accept that you’ll go through cycles—losing streaks will test your mental fortitude, but with discipline, you can become a full-time trader. Start with small risks, like $50 on a $5,000 portfolio, and focus on learning through real trades. Stay tuned for the next part of our series on confirmation vs. deviation!
Welcome to one of the most essential skills in price action trading: identifying key levels. These are specific price points on a chart where the market tends to react, either by reversing, consolidating, or breaking out. For beginners, mastering key levels means you can make smarter trading decisions with just a few simple lines on your chart. In this guide, we’ll break down what key levels are, how to identify them, and how to use them with recent examples from Bitcoin (BTC) and Ethereum (ETH). Let’s dive in!
4 Types of Key Levels
Before we start, let’s understand the four types of key levels you’ll encounter:
Technical Key Levels: These are based purely on technical analysis (TA) and price action—your bread and butter as a trader.
Weekly Levels: These are tied to weekly market sessions, specifically Monday highs, Monday lows, Friday highs, and Friday lows, reflecting the opening and closing of traditional stock markets.
Psychological Levels: These are round numbers that retail traders focus on, like $100,000 for BTC or $4,000 for ETH. They’re popular because they’re easy to spot and often trigger buying or selling.
Event-Based Levels: These are tied to major market events, like Federal Reserve announcements or crypto-specific news (e.g., ETF approvals). They’re less common but can influence price action.
For beginners, we’ll focus on technical key levels and weekly session key levels in this article, as they’re the most reliable and practical for everyday trading. We’ll also use recent BTC and ETH examples to show how these levels work in real markets.
Identifying Technical Key Levels
Technical key levels are price points where the market has shown significant reactions—think strong bounces, rejections, or breakouts. To find them, you’ll create ranges on your chart, which consist of three main components: range low, range high, and mid-range. Here’s how to spot them:
Range Low: This is a swing low where the price bounces strongly after a dump. It acts as support.
Range High: This is a level where the price faces resistance, often rejecting or breaking out after a rally.
Mid-Range: Defining a mid-range is not necessarily the halfway point between the range low and range high, but rather a “loose” S/R level where price often finds reactions. Price action is almost always volatile around this key level and requires careful analysis.
Let’s walk through a step-by-step process using a recent BTC example. I will also be referring to specific dates in the images below. But since I do not want to clutter the chart, you can open your TradingView to refer to those dates if you want to follow along without any confusion!
From February to May 2025, BTC was trading in a range between $78,210.5 (range low) and $95,058.7 (range high). Now I know what you’re thinking: price has dumped to as low as $74,456.2 and pumped to as high as $97,868 (marked by the yellow semi circles), but how are those price points not considered as range low and range high? These are called “deviations” and we will explain this in the next article (you don’t need to know this yet as they are for actual trade executions, whereas identifying key levels is generally the strategy part).
Range Low ($78,210.5): From February 24 to February 28, BTC dumped from $96,536.3 to $78,210.5 with almost no sustaining buying pressure. But from February 28 to March 2, BTC bounced sharply from $78,210.5 to $95,058.7. This strong bounce confirms $78,210.5 as the range low, acting as support.
Range High ($95,078.7): Shortly after BTC rallied to $95,078.7, price failed to go any higher and rejected strongly the following days. What makes this an even stronger range high is the fact that price nearly retested the $96,536.3 price point on February 24 which triggered the sharp dump in the first place.
Mid-Range ($87,178): The middle of this range, around $87,178, saw choppy price action. It primarily acted as a “mini resistance” from March 7 to April 20 where price rejects every time it retested $87,178. But on April 21, the daily candle closed above the mid-range which showed buying strength, and the following day BTC pumped to as high as $94,000 after retesting the mid-range on market open. From there on, the mid-range acts as a support if price reverses from the range high. This is also known as a higher time frame (HTF) support/resistance (S/R) flip region, as it’s significant on both 4-hour and daily charts.
The Tricky Thing about Mid-Range
Mid-ranges can change as price action develops over time. Look at the chart below and you will see that there was another mid-range at $85,023.4 (marked by the yellow dotted line). Price found its way there after the rejection off of range high and had another strong bounce to $92,781.6 before reversing to the downside again and retesting the range low.
Figure 2. BTCUSDT.P on Bybit (1D Timeframe)
The yellow dotted line was the S/R region before April 21. But after the breakout on April 21 and more importantly the strong continuation on April 22, we now see the bigger picture – there is an imbalance of liquidity created by the buyers on April 21 and 22. At some point in the future, it is likely those areas will get filled which overlaps with the current mid-range (white dotted lines).
Anyways, the most important principle you have to remember is the more reactions the key level have seen, the more valid they are as a key level, and this is especially applicable to mid-ranges. The current mid-range of BTC as shown above still saw multiple rejections same as the previous mid-range.
What Happens If Price Breaks Out of Range?
Figure 3. ETHUSDT.P on Bybit (3D Timeframe)
From January 22, 2024 to March 3, 2025, ETH was trading in a range between $2,167.17 and $4096.21. For the longest time, the range low held strongly as an HTF support – price had bounced sharply from the range low 3 times. But on March 9, 2025, price has completely broken below the range low and failed to reclaim it the following week. This means the yellow-lined ranges are no longer in play.
In such situations, we will need to look further back to identify previous pivot points and establish our new key levels.
Figure 4. ETHUSDT.P on Bybit (1W Timeframe)
Going all the way back to January 2022, we have marked out previous pivot points and used those areas as our new key levels for ETH.
New Range Low ($877.7): Price dumped from $3,581 to $877.7 and then strong bounce from there to $2,029.4. Remember, the first swing low often serves as the range low.
New Range High ($3,581): Marked from the initial dump at $3,581 in April 2022. You can also use the previous range high at $4,096.21 (figure 4) as the current range high – there’s nothing wrong with that! However, if you look closely, you will notice the price action above $3,581 are “swing failure patterns” which you will learn in the next article along with “deviations”.
New Mid-Range ($2,155): Notice how the previous range low (figure 3) coincides with our new mid-range. Yes! More often than not, new mid-ranges come from previous range lows (if bearish) and previous range highs (if bullish).This is because it is in the nature of mid-ranges to play the critical role of S/R flip regions. Look closely and you will see that before January 2024, $2,155 was a strong resistance for ETH until it flipped support from there on until the collapse on March 9, 2025.
Now let’s bring up both the yellow and white ranges and you will see the full picture.
Figure 5. ETHUSDT.P on Bybit (1W Timeframe)
So in terms of our current play for ETH, until the current mid-range at $2,155 is reclaimed, there is a possibility that the range low, though not guaranteed, will be retested.
Identifying Weekly Session Key Levels
Weekly levels are based on significant price points from the start and end of the trading week—specifically Monday highs, Monday lows, Friday highs, and Friday lows. These levels reflect the opening and closing dynamics of traditional markets and are often respected in crypto trading as well. They’re excellent for short-term trades, helping you set precise entry points, stop-losses, and take-profit targets. Plus, they can act as liquidity zones where market makers might target stop-losses, so you’ll need to watch for potential traps.
Let’s look at a real-world example using Bitcoin (BTC) on a 4-hour chart from early May 2025. The chart marks key weekly levels from the previous week and the start of the current week, giving us a clear framework to work with.
Figure 6. BTCUSDT.P on Bybit (4H Timeframe)
Previous Friday High ($97,868.0): This was the highest price on the last trading day of the previous week (May 2). It acts as a resistance level.
Previous Friday Low ($96,306.9): The lowest price on that Friday, serving as a support level.
Monday High ($95,149.0): The highest price on Monday, May 5, 2025, acting as a potential resistance or target.
Monday Low ($93,460.2): The lowest price on Monday, serving as a key support level.
Here’s how these levels played out and how you can use them in your trading:
Friday Levels as a Range: The Previous Friday High ($97,868.0) and Low ($96,306.9) form a range that price often respects. On May 2, the price reached $97,868.0 but rejected sharply, dropping to $95,500.0 by May 3. This rejection confirms the Friday High as a strong resistance. The price then consolidated near the Friday Low ($96,306.9) on May 4, showing that this level acted as support during the decline.
Monday Levels as Support/Resistance: On Monday, May 5, the price dropped to the Monday Low ($93,460.2) early in the session, marking a significant support level. It then bounced sharply, rallying to the Monday High ($95,149.0) later that day. The Monday Low held as support when the price retested it on May 6, bouncing to $94,500.0. Meanwhile, the Monday High ($95,149.0) acted as resistance on May 7, where the price wicked above but rejected back down to $94,300.0.
Trading Application: Let’s say you’re looking to trade on May 6 after the price bounces from the Monday Low ($93,460.2). You could enter a long position at $93,600.0, targeting the Monday High ($95,149.0) or even the Previous Friday Low ($96,306.9) for a higher reward. Place your stop-loss just below the Monday Low, around $93,300.0, to protect against a breakdown. This setup gives you a high reward-to-risk (RR) ratio: the distance to $96,306.9 (2,706.9 points) is much larger than your risk (300 points), yielding a 9:1 RR.
Liquidity Traps: Notice the wick below the Monday Low ($93,460.2) on May 5, dropping briefly before bouncing. This is a classic liquidity grab—market makers likely pushed the price below to hit stop-losses before reversing. Similarly, the rejection at the Previous Friday High ($97,868.0) on May 2 trapped breakout buyers. Be cautious around these levels, as wicks often signal traps.
How to Use Weekly Levels in Practice?
If the price holds above the Monday Low ($93,460.2), look for longs targeting the Monday High ($95,149.0) or Previous Friday Low ($96,306.9). If it breaks below, consider shorts targeting the next support, like $92,500.0 (a recent swing low). For stop-losses, place them just outside the weekly levels—below the Monday Low for longs, or above the Friday High for shorts—to avoid being caught in liquidity grabs.
Tips for Weekly Levels
Mark the Levels: Use UTC timezone to identify Monday and Friday key levels. On the chart, draw lines at the highs and lows of those candles. For example, the Monday High ($95,149.0) and Low ($93,460.2) on May 5 are clear markers for the week.
Watch for Reactions: Look for rejections, bounces, or breakouts at these levels. The rejection at $97,868.0 (Previous Friday High) and the bounce from $93,460.2 (Monday Low) show how price respects these zones.
Combine with Other Levels: Weekly levels work best when paired with technical levels (like mid-ranges or HTF S/R flips). For instance, if the Monday Low aligns with a mid-range, it’s an even stronger support.
Ever since ETFs for BTC and ETH have been approved, large institutional players have become involved with trading BTC and ETH. This makes weekly levels a powerful tool for short-term trades. They give you clear targets and stop-loss zones, but always be mindful of liquidity traps, as seen with the wicks around these levels.
Conclusion
The most important principle to take away from identifying key levels in price action trading is that the more reactions a key level has seen, the more valid and reliable it becomes. Whether it’s a range low, range high, mid-range, or weekly level, the significance of a price point grows with each bounce, rejection, or breakout it experiences, as these reactions reflect the market’s memory and the involvement of both retail and institutional players.
Key levels give you clarity by giving structure to the market’s historical data. But remember, this is just the planning part. Even if you have mastered this part at identifying key levels, the actual trade executions can be very different. We will cover this in the next article.
As the world races to combat climate change, blockchain technology is emerging as a powerful tool to enhance the efficiency, transparency, and accessibility of carbon markets. For crypto folks, it’s worth understanding the basics: carbon credits are tradable units where one carbon credit represents a reduction, avoidance, or removal of one metric tonne of CO2e (carbon dioxide equivalent) from the atmosphere. Tokenizing these credits onchain unlocks global participation and streamlines trading and retirement, making climate action more scalable. At the forefront of this revolution is Klima Protocol, a decentralized platform dedicated to bringing carbon markets onchain.
With its innovative approach to tokenizing, trading, and retiring carbon credits as part of the Real-World Assets (RWAs) movement, Klima Protocol is redefining how we interact with environmental assets. In this article, we’ll dive into Klima Protocol’s mission, explore the latest updates with KLIMA 2.0, and highlight what’s on the horizon for this groundbreaking project.
Klima Protocol: A Vision for a Sustainable Future
Klima Protocol aims to create a decentralized liquidity hub for carbon credits. According to its whitepaper, Klima Protocol leverages blockchain technology to facilitate efficient carbon credits’ trading, generate fees, and incentivize stakeholder participation through its dual-token system: $KLIMA and $KlimaX. $KLIMA represents carbon-backed assets, while $KlimaX serves as the governance token, empowering holders to influence the protocol’s direction, such as deciding which types of carbon credits to purchase.
Klima 2.0 Design
The protocol’s treasury is backed by a diverse range of carbon credits, ensuring that $KLIMA maintains intrinsic value tied to real-world environmental assets. By capturing the inefficiencies of traditional carbon markets—such as broker fees (aka middlemen) — and redistributing that value to ecosystem users, Klima Protocol is building an open, interoperable carbon economy that aligns financial incentives with climate impact.
Klima owns 1% share of the Voluntary Carbon Market TVL
KLIMA 2.0: A New Era for Carbon Markets
On April 1, 2025, Klima Protocol announced its highly anticipated KLIMA 2.0 update via a detailed post on X by @OptimaResearch. This update marks a significant evolution in the protocol’s token ecosystem, introducing several key changes that promise to enhance its impact on the carbon market and the broader DeFi space. Let’s break down the major updates:
1. Migration to a New $KLIMA Token on Base
Klima Protocol is migrating the existing $KLIMA token to a new version on Base, a layer-2 scaling solution for Ethereum. This transition aims to improve scalability and reduce transaction costs, making it easier for users to interact with the protocol. The new $KLIMA will continue to be backed by the carbon credits in Klima’s treasury but will reflect a broader and higher-quality range of assets compared to the previous standard of 1 Base Carbon Tonne (BCT). Additionally, $KLIMA holders can now stake their tokens to earn ecosystem fees and provide liquidity in core pools, capturing value from trading fees and arbitrage opportunities. This model of yield generation is derived from what Klima calls “structural delta”—the efficiencies gained by bringing carbon markets onchain.
$KLIMA Staking
2. Introduction of $KlimaX: Fixed-Supply Governance Token
Alongside the new $KLIMA, Klima Protocol is launching $KlimaX, a fixed-supply governance token designed to give holders a say in the protocol’s carbon credit purchasing decisions. By staking $KlimaX, users can vote on which types of carbon credits the protocol should acquire, directly influencing the treasury’s composition. Staked $KlimaX also earns yield, and holders can provide $KLIMA/$KlimaX liquidity to earn additional rewards. The value of $KlimaX is intrinsically tied to the success of $KLIMA, creating a symbiotic relationship between the two tokens.
There is an entire exposition detailing the mechanics of Klima 2.0. Refer to the “Three Economic Pillars” section in the whitepaper.
$KLIMA & $KlimaX TokenomicsTotal Supply of $KLIMATotal Supply of $KlimaX
3. $kUSD: A Game-Changing Syncratic Balancer Token
Perhaps the most exciting addition to what’s coming is $kUSD, a new type of asset dubbed a Syncratic Balancer Token (SBT). Unlike traditional stablecoins, $kUSD combines yield, decentralization, and long-term stability by being fully backed by a mix of US Treasuries and climate risk-focused assets. Drawing inspiration from Tether’s $USDT model—which generated $7 billion in revenue in 2024— the majority of $kUSD’s profits will be distributed to holders while using a portion to supercharge its carbon economy. This innovative approach positions $kUSD as a potential game-changer for both the wider DeFi space, offering a stablecoin-like experience with real yield opportunities.
4. Fair Launch for $KLIMA and $KlimaX
Klima Protocol is kicking off KLIMA 2.0 with a Fair Launch, allowing existing $KLIMA holders to stake their tokens and earn points toward the new $KLIMA and $KlimaX tokens. The Fair Launch details are available on Klima’s GitHub or KlimaDAO’s resource hub, and the staking process is now live at app.klimaprotocol.com. This inclusive approach ensures that long-term supporters of the protocol are rewarded as it transitions to its next phase.
Upcoming Updates: What’s Next for Klima Protocol?
Klima Protocol isn’t stopping with KLIMA 2.0 rollout. The project has outlined several upcoming initiatives to further solidify its position as a leader in carbon credit tokenization:
Staking Mechanics and Yield Optimization
Following the Fair Launch, Klima Protocol will publish detailed information on staking mechanics for $KLIMA and $KlimaX. This will provide users with clear guidance on how to maximize their yield through staking and liquidity provision. The protocol’s focus on yield generation—through trading fees, arbitrage—will create new opportunities for passive income while supporting the growth of the carbon economy.
Partnerships for $kUSD Development
Financial service providers, asset managers, and leading protocols are collaborating to support the development of $kUSD. These partnerships aim to deliver real yield onchain, enhance the token’s stability, and establish $kUSD as a powerful tool for decentralized finance.
Security and Transparency
On April 8, 2025, Klima Protocol partnered with Hashlock to conduct a security audit of its smart contracts, ensuring the integrity of its decentralized infrastructure. This commitment to security, combined with the protocol’s emphasis on transparency (as highlighted in its interactive whitepaper by Léo de Souza, Director of Applied Research at Klima Foundation), will build trust among users and stakeholders.
How to Get Involved: A Step-by-Step Guide
For existing $KLIMA holders and newcomers alike, now is the perfect time to join Klima Protocol ecosystem. Klima Fair Launch guide provides a clear roadmap for participating in the Fair Launch:
Visit the Official DApp: Head to www.klimaprotocol.com to access the Fair Launch dApp.
Stake Your $KLIMA: If you’re an existing $KLIMA holder, stake your tokens to earn points toward the new $KLIMA and $KlimaX tokens.
Stay Informed: Follow Klima Protocol on X (@KlimaDAO) for updates on staking mechanics and other developments.
Explore $kUSD Opportunities: Keep an eye out for more details on $kUSD, as this token promises to offer unique yield opportunities.
Conclusion
Klima Protocol is more than just a blockchain project—it’s a movement to align financial incentives with environmental impact. With KLIMA 2.0, the protocol is taking bold steps to enhance the efficiency of carbon markets, empower its community through decentralized governance, and introduce innovative financial instruments. Whether you’re a long-time $KLIMA holder or a newcomer looking to make a difference, now is the time to get involved.
Head over to www.klimaprotocol.com to stake your $KLIMA and participate in the Fair Launch. Follow Klima Protocol on X for the latest updates, and join the community in building a sustainable future—one carbon credit at a time.
ZKsync is a layer-2 scaling solution designed to speed up transactions and lower gas fees on Ethereum. There are reports ZKsync have have their token generation event (TGE) in the coming few days. Their airdrop is also anticipated to be around 13th June 2024. Meanwhile, ZKsync airdrop could entitle you to both a ZKsync ($ZK) and an ecosystem project airdrop! Here’s how to get a potential ZKsync ($ZK) token and ecosystem airdrop.
Check out our Upcoming Crypto Airdrops! And our video guide on how to get the ZKsync $ZK token airdrop!
ZKsync is a layer-2 scaling solution designed to speed up transactions and lower gas fees on the Ethereum network while maintaining high security and privacy for users. It does this through Zero-Knowledge Rollup (ZK-Rollup) — transactions on Ethereum are bundled up to be processed off-chain and then sent back to the main chain after validation.
The ZK-rollup is the core element of ZKsync. ZK-rollups generate cryptographic proofs (ZK-SNARK or ZK-STARK) to verify transactions without revealing the information itself, hence the name “zero-knowledge proofs.” It maintains privacy by making transaction details such as token amounts anonymous. It is also highly secure because compressed transaction data are stored on-chain.
Unlike other layer-2 solutions, ZKsync relies on math instead of third-party validators to scale computation. Validators are known as “operators” or “sequencers” and are in charge of executing, aggregating, and submitting transactions to the main chain, but they do not validate the transactions themselves — the Ethereum smart contract does. By relying on math and cryptographic security, ZKsync ensures a truly secure and trustless environment for decentralized finance (DeFi).
What’s the Difference Between ZKsync Era and ZKsync Lite?
At its inception, ZKsync lacked support for smart contracts, preventing activities such as using DeFi or purchasing NFTs, which are common on Ethereum. However, it did provide significant scaling for Ethereum, leading to its nickname “ZKsync Lite.”
The ZKsync Era represents an upgrade to the network, delivering all the features of Ethereum while also providing more cost-effective and faster transactions.
Does ZKsync have a Token?
ZKsync has a native token known as $ZK, which was launched on 17th June 2024. The $ZK token is the native utility and governance token in the ZKsync ecosystem by maintaining and enhancing ZKsync’s operation. One main use for the ZKsync token is to pay for transaction fees on the ZKsync network and to vote on governance decisions. Users can also stake $ZK tokens and they will be rewarded with additional ZK tokens.
Is there a ZKsync ($ZK) Token Airdrop?
The ZKsync ($ZK) token airdrop started on 24th June 2024 and eligible users can claim their airdrop until 5th January 2025. 3.675 billion $ZK tokens i.e. 17.5% of the total token supply will be airdropped to eligible users.
How to claim ZKsync ($ZK) Token Airdrop
To check your eligibility and claim your ZKsync ($ZK) token airdrop, connect your wallet or GitHub usernameHERE.
How to Receive Potential ZKsync ($ZK) Token Airdrop?
The best chance to receive $ZKS airdrop is to interact with ZKsync Lite and ZKsync Era Mainnet Alpha. Moreover, many projects in the zkSync ecosystem also do not have a token yet. So, interacting with their ecosystem dApps may entitle you to potential airdrops from zkSync and the ecosystem project. Here’s how to receive a potential ZKsync token airdrop:
Add ZKsync Era Alpha Mainnet on MetaMask.
Bridge Funds to ZKsync.
Interact with ZKsync Lite and ZKsync Era Mainnet Alpha.
Interact with the ZKsync ecosystem.
Complete quests on ZKsync’s Crew3.
Add ZKsync Era Alpha Mainnet on MetaMask
You will need to connect ZKsync Era alpha mainnet to your MetaMask. To do this, go to your MetaMask and click on the network button, then “Add network”. Then, click “Add a network manually”. Add the following information and click “Save”:
Network Name: ZKsync Era Mainnet
New RPC URL: https://mainnet.era.zksync.io
Chain ID: 324
Currency Symbol: ETH
Block Explorer URL: https://explorer.zksync.io/
WebSocket URL: wss://mainnet.era.zksync.io/ws
Bridge Funds to ZKsync Era Mainnetand ZKsyncLite
Bridge funds from Ethereum Mainnet to ZKsync Era Mainnet at bridge.zksync.io by connecting your wallet. Select the amount you wish to bridge and click “deposit”. Then, swap back to Ethereum Mainnet by clicking the arrows, choosing the amount you wish to bridge back to Ethereum, and click “Withdraw”.
Bridge funds to ZKsync Lite at https://lite.zksync.io/ by connecting your wallet. Then, top up your balance using the ZKsync bridge. You can also try using other bridges in the ZKsync Lite ecosystem such as Orbiter Finance and ZigZag Exchange.
Cheapest way to bridge funds to ZKsync Era?
Here’s a cheaper way to bridge funds to zkSync Era Mainnet:
Buy ETH on a centralized exchange (e.g. Binance or Bybit)- Sign up for a Bybit account HERE!
Send your ETH from the Exchange to your Metamask using the Arbitrum network (fees are around US$1-2)
Use Orbiter Finance to bridge ETH from Arbitrum to ZKsync Era (fees are around US$2-3)
Interact with ZKsync Lite and ZKsync Era Mainnet Alpha
Any user can now use ZKsync Lite (formerly known as ZKsync 1.0) and ZKsync Era Mainnet Alpha. This can be a potential way for users to get a zkSync airdrop even though they missed the whitelist. To interact with zkSync Lite, connect your L1 ETH wallet on ZKsync Lite (note the single-time account activation fee of 1.279 USDT). Then, interact by moving your balances from L1 on ZKsync Lite by depositing ETH or USDT. Or, withdraw your funds back from ZKsync Lite to L1.
Interact with the ZKsyncecosystem
ZKsync has an entire ecosystem of protocols. Here are some top ZKsync ecosystem projects you could interact with to maximise your chances of a potential ZKsync airdrop and even double your rewards:
Orbiter Finance is a decentralized cross-rollup layer-2 bridge that supports ZKsync as well as Arbitrum. You can send ETH, MATIC, BNB and other tokens to ZKsync and other layer-2 blockchains via the bridge. However, these are mainnet tokens (with value) since the bridge is live, but you can always bridge them back to Ethereum. Check out our Orbiter Finance Token Airdrop Guide.
ZigZag Exchange
ZigZag Exchange is an orderbook decentralized exchange (DEX) powered by ZK-rollups. You can trade or swap on ZigZag Exchange. Do 1 buy or sell transaction between ETH and USDC every week (gas fees are less than US$0.25). Here’s how to interact with ZigZag Exchange:
Deposit funds to https://lite.zksync.io/. Note you will need to deposit at least US$3 worth of ETH or USDC in order to pay the 1-time activation fee on Zigzag (around US$2.6).
Do 1 buy or sell transaction between ETH and USDC every week (gas fees are less than US$0.25).
ZigZag Exchange has also just finished its second round of airdrops (out of 7). So check out our ZigZag Exchange ($ZZ) token airdrop guide so you won’t miss out on their future airdrops!
Bungee
Bungee is a tool powered by Socket that helps people find the best way to move a digital token from one blockchain to another. Bungee has recently gone live on ZKsync Era. So sending tokens to and from ZKsync Era (and especially using the Stargate route) could position yourself for potential ZKsync, Bungee, Socket, Stargate AND LayerZero airdrops!
Argent is the only crypto wallet that offers multi-signature security and social recovery. The wallet is built on ZKsync and is the first wallet for StarkNet. The wallet has a mobile version available on the App Store and Google Play. Download Argent and use their wallet! You can send and receive funds, buy, earn, and stake crypto using Argent.
Argent recently announced an NFT drop in collaboration with JediSwap, here’s how to get the NFT:
Do a swap on JediSwap using your Argent X wallet on mainnet before 23:59 UTC on 23rd May 2023. Those who have done a swap on JediSwap using Argent X wallet before 1st April 2023 will be automatically eligible for the snapshot and won’t need to do any more swaps.
To do the swap, either use the built-in swap feature in the Argent X wallet or do the swap at https://app.jediswap.xyz/#/swap.
The team will take the snapshot at 23:59 UTC on 23rd May 2023. The claim/mint page will be shared afterwards, and you will have a total of 12 months from then to mint your NFT.
SyncSwap is a DEX built on ZKsync and has recently announced its launch on ZKsync Era testnet. It is predicted they will be one of the first protocols to launch on ZKsync Era Mainnet since they are one of the first protocols built on ZKsync. Therefore, interacting with SyncSwap will put you in a good position to get a potential ZKsync token airdrop (and possibly a SyncSwap airdrop too)! (fii-institute) Here’s how to interact with Syncswap:
Go to their Swap page. Choose the type and amount of tokens and click “Swap”. We also suggest swapping tokens on the ZKsync network using Paymaster. Paymaster allows SyncSwap users to pay gas fees using other tokens such as $USDT, $USDC and $HOLD in addition to ETH. To do this, first make sure your MetaMask wallet and SyncSwap are both on the ZKsync Era Network. Then, click and hold on your account balance and you can see the fee discounts offered by Paymaster when using other tokens to pay for gas fees. For example, you get a 50% fee discount when paying with $HOLD!
Deposit liquidity to their Pools. On the top bar, click the down arrow, “Positions” and “New Position”. Select USDC and ETH and click “Enter Pool”. Then click “Deposit” located on the left-hand side of the screen and deposit both USDC and ETH. Then, unlock your tokens and deposit them into the pool.
Interacting with SyncSwap is one of the best ways to maximize your potential airdrop with the least amount of fees. Learn how with our SyncSwap token airdrop guide!
SpaceFi
SpaceFi allows users can trade, earn, mint, stake, sell, create, and invest in a variety of projects. With SpaceFi, users can also swap assets, farm rewards, mint, and stake Planet NFTs, join or create a spacebase, and invest in new projects. SpaceFi has already launched 30 million $SPACE on Evmos mainnet, and will be launching 30 million $SPACE on ZKsync 2.0 (i.e. ZKsync Era) when mainnet goes live. The team has also confirmed they will be doing an airdrop.
Since the protocol is already live on ZKsync testnet, it may be a good idea to interact with SpaceFi in anticipation of when zkSync Era mainnet goes live. To interact with SpaceFi, request testnet tokens here. Then connect your wallet to Space.io, swap some $tSPACE tokens. Then, add liquidity to their pool. Finally, join the SpaceFi Discord and their Crew3. You can also complete the tasks on Crew3 which include joining their guilds, adding them to your CoinGecko watchlist or inviting friends to their Discord.
Velocore is the first ever ve(3,3) DEX on ZKsync. They have a native token $VC, so there may be a chance of a Velocore airdrop too? Here’s how to interact with Velocore:
If you don’t have funds on ZKsync Era yet, use Orbiter.finance to bridge funds to ZKsync Era.
Connect your wallet to Velocore’s swap page and swap some tokens. You can swap any token pairings e.g. ETH to USDT, ETH to VC etc.
Go to their Liquidity Pools and add liquidity. There are 30 pools to choose from!
Keep an eye on their Launchpad for upcoming projects and join in.
iZUMi Finance is a multi-chain DeFi protocol that provides One-Stop Liquidity as a Service (LaaS). iZiSwap, a next-generation DEX on Multi-Chains, is live on ZKsync Era and provides concentrated liquidity AMM and generates extra income for your assets. They also have their own $iZi token. In addition to doing their own airdrop, they have also promised to distribute 50% if any ZKsync and Linea airdrops they receive! Here’s how to interact with iZUMi Finance:
Mute.io is a AMM DEX with limit orders, a farming and Bond platform. They are live on ZKsync Era. Although the mute.io team have confirmed the will NOT do an airdrop, interacting with this protocol may nevertheless be helpful in getting a ZKsync airdrop. Here’s how to interact with Mute.io:
If you don’t have funds onZKsync Era yet, use Orbiter.finance to bridge funds to ZKsync Era.
Connect your wallet to their Swap page and swap any amount of tokens.
Go to their Pools and add liquidity. You can earn fees for doing this! Click “Manage” and choose the amount of liquidity you wish to add. You can also withdraw your liquidity and check your rewards at any time.
As an optional task, you can buy their $MUTE token and lock it up here.
ZKsync Name Service
ZKsync Name Service is an omnichain name service that allows users to establish their Web3 profile. Here’s how to interact with ZKsync Name Service:
Search for an available domain name. If you find an available one that you want, click “Available”.
Click “Request to register with ETH” and approve the transaction. It will cost around US$6.5 to buy a domain.
GameSwift
GameSwift aims to be a one-stop web3 gaming ecosystem based on a modular chain and zkEVM technology. From 28th September 2023, GameSwift will be hosting a GameSwift Multiverse Expansion campaign which will last for 6 weeks. In particular, week 3 of the campaign which goes live on 12th October 2023 will involve bridging to ZKsync! So completing the tasks for week 3 may position yourself for a potential GameSwift and ZKsync airdrop! Here’s how:
GameSwift also has tasks for interacting with the LayerZero network. So, there is a chance to also get a potential LayerZero airdrop too by doing these tasks!
Gitcoin is a community platform that funds and coordinate new open-source developments. To donate, go to the “grants” page. Pay via the ZKsync network for lower transaction fees.
We have found 3 projects which are also doing airdrops! All you have to do is complete the tasks and mint their NFTs! What’s more, these projects require you to interact with ZKsync, so you will be positioning yourself for a ZKsync airdrop as well.
Hypercomic
Hypercomic has just announced its collaboration with ZKsync and has launched a NFT minting celebration campaign. The objective is to complete the tasks and mint their exclusive ZK24 NFTs. There are 3 parts to the minting campaign, Part 1: Transaction Maker is LIVE until 9th February 2024, Part 2: ZKsync Expert will run from 5th to 15th February 2024, and Part 3: Dapp Hustler will run from 13th to 23rd February 2024.
To mint the ZK24 NFTs, connect your wallet HERE to see which NFTs you may already qualify for. For Part 1: Transaction maker, users with 30 or more ZKsync transactions, users with 50 or more ZKsync transaction and users with 100 or more ZKsync transactions will be eligible to mint 1 NFT. So, depending on the number of ZKsync transactions you have, you can get a maximum of 3 NFTs in Part 1. What’s more, the NFT you can mint for having over 100 ZKsync transactions is a Boost NFT which will help boost the cubic mining power in the Hypercomic Dapp.
To mint the ZK24 NFTs, connect your wallet HERE to see which NFTs you may already qualify for. If you qualify, you will be able to mint the NFT. Then, go to the “Airdrop” page to check your eligibility for the Hypercomic ($HYCO) airdrop. Users who have over 60 transactions are eligible to claim the HYCO token airdrop and are given on a first come first served basis for the first 15,000 people.
Tabi
Tabi is the first gaming chain on Cosmos. Whilst you need to be on Binance Smart Chain to complete the tasks, 2 of them are on ZKsync, which will position yourself for any ZKsync related airdrops. Complete the airdrop tasks on Tabi by connecting to their site and completing their tasks. These are mostly social tasks such as connecting your social media profiles and following their social media pages. You will be able to mint the NFT once you have completed the tasks.
GRVT
GRVT is an on-chain perpetuals exchange for ZKsync. They are currently running a social airdrop campaign. For now, all you need to do is join their waitlist. Joining their waitlist lets you earn invite points for airdrop rights as well as a ZKsync mystery box.
Complete quests on Crew3
Go to ZKsync’s Crew3 Questboard and complete the quests. Tasks include following them on social media, reading their articles, and completing quizzes.
Join the ZKsync Guild
Connect your wallet and Google and Discord accounts to https://guild.xyz/zksync-era. Note you will also need at least 20 points on Gitcoin Passport. To check the number of points you have on Gitcoin Passport, connect your wallet to https://passport.gitcoin.co/#/dashboard. On the same page, you can also connect your other accounts to gain more points. However, some accounts require more than just having an account. For some, there are requirements to have a certain age/status/role or completed tasks in those accounts in order to qualify, which will make it difficult. Here’s a list of the easiest/ least requirement accounts to sign up for in order to get 20 points: Twitter, Discord, Google, Github, Facebook, LinkedIn, ENS, BrightID, Proof of Humanity, ETH, ZKsync, Gnosis Safe, Trusta Labs.
Bonus: Complete ZKsync Era tasks on RabbitHole
RabbitHole now offers the first ZKsync Era quests, which include SyncSwap, EraLend, and Maverick. Completing each quest earns users NFT rewards and helps build their onchain history in the ZKsync ecosystem. The more quests you complete, the more quest rewards you become eligible for. Note that even if you have done similar tasks before, you will need to do them again to be eligible on RabbitHole. Here’s how to complete the tasks on RabbitHole:
Make sure you are on the Ethereum network and connect your wallet to RabbitHole.
Swap on Uniswap on Optimism.
Deposit on Exactly on Optimism.
Mint Dappad zk-KYC NFT
Dappad is running a campaign where you can mint a non-transferable Soulbound NFT powered by ZkPass and Paymaster. Minting this NFT will give you access to future launchpads in ZKsync, and it could be key to qualifying for the potential ZKsync ($ZK) token airdrop. Note you only have 10 days (i.e. until 29th March 2024) to mint the NFT! Here’s how to mint the Dappad zk-KYC NFT:
Select 1 of the 5 supported centralized exchange accounts (i.e. Binance, Bybit, KuCoin, OKEx, Coinbase) for KYC verification.
Log in to your selected exchange account when redirected. Make sure your exchange account is at least Level 1 verified.
Approve sharing your KYC details with zkPass by clicking “START”.
Return to the Dappad launchpad page after verification to see the ‘Already Verified KYC’.
Your wallet app will then prompt you to sign a contract. Confirm the transaction and the non-transferable Dappad zk-KYC NFT will be sent to your wallet with 0 fees. The NFT is proof that you have successfully completed the KYC verification process.
You can also check out our step-by-step video guide HERE.
Best ZKsync Airdrop Route for swaps?
Here’s one of the best ZKsync Airdrop routes for swaps. By doing this route you can make the most of the potential ZKsync airdrop and interact with other protocols and possibly get those airdrops too!
With this latest airdrop route, you will be interacting with 3 different protocols to get 4-in-1 airdrop! These protocols are ZKsync Domain ($ZNS), Beecoin ($BEE), and Passport NFT ($ZKP) in addition to ZKsync.
Mint ZKsync Domain ($ZNS)
Mint a ZKsync Domain HERE. Minting a domain will cost 0.0028 ETH but this is for lifetime ownership!
Share referral link
Go to the Airdrop page and share your referral link. You will get more $ZNS rewards for successful invitations.
Claim Beecoin ($BEE)
Click on “Free Mint $BEE” or to go Bee Coin. Follow their Twitter accounts, select your ZKsync Domain and click “Free Mint” to mint 1 million $BEE coins. Then click, “Add Wallet” to add your $BEE coins to your wallet. Note you will need to pay gas fees and their total supply is 100 billion coins! So, act fast before they are all minted! You can also share your invite link to receive an extra 500,000 Beecoin for each person you invite.
Passport NFT ($ZKP)
Connect your wallet HERE and click “Free Mint” to get a NFT passport. Note you will need to pay gas fees for this. Then, invite your friends to get 200 $ZKP and boost Passport Rank per friend.
ZKsync airdrop season 1: Am I eligible?
Eligibility for season 1 of ZKsync’s token airdrop was based on a snapshot taken on ZKsync Era and ZKsync Lite on 24th March 2024 at 0:00 UTC. 2 categories of users were eligible for the ZKsync airdrop: users (89%) and contributors (11%). Users on ZKSync are those who have made transactions and reached a certain level of activity. Contributors, on the other hand, include individuals, developers, researchers, communities, and companies who have contributed to the ZKSync ecosystem and protocol through development, advocacy, or education, regardless of their network activity.
The airdrop allocations for ZKsync were calculated using a points system. Here’s how the points were calcualted:
Activity-Based Points: Wallets earned points for actions like interacting with smart contracts, depositing liquidity into DeFi protocols, and trading ERC-20 tokens.
ZKsync Lite Activity: Points were also awarded for activities on ZKsync Lite, such as donating to a Gitcoin round or transacting over three different months.
Bridged Assets: Allocations were based on assets bridged to ZKsync Era, with multipliers for activity on ZKsync and Ethereum mainnet.
Minimum and Maximum Allocations: Wallets with fewer than 450 ZK tokens had their tokens recycled, while those with more than 100,000 tokens had excess tokens recycled. The minimum allocation was up to 917 $ZK tokens per wallet.
ZKsync season 1 airdrop: How to claim?
ZKsync will conduct a one-time token airdrop of 3.675 billion $ZK tokens (i.e. 17.5%) of the total token supply. Eligible users can claim their airdrop by connecting to their wallet to https://claim.zknation.io/ starting from 24th June 2024. The airdrop claim will be open until 3rd January 2025.
ZKsync season 2 airdrop strategy guide
ZKsync season 2 airdrop has already started! 2 main strategies to best position yourself for the token airdrop is to delegate your tokens and to maintain a high time weighted average balance (TWAB).
In terms of strategies to find the best delegate to delgate your $ZK token, you may want to find delegates that are active in voting on governance proposals.
How to identify and avoid ZKsync airdrop scams
ZKsync has not announced its official token yet. However, this has not stopped scammers from enticing unsuspecting victims with airdrops in order to steal their cryptocurrencies. Here are some ways in which you can identify and avoid ZKsync airdrop scammers.
Look at social media handles
Many scammers will use social media (e.g. Twitter, Telegram) handles that are confusingly similar to the official ones. For example, spelling the project name incorrectly or using different fonts and hidden characters in the handle. Other fake accounts may have spelled the project name correctly but has other words behind it e.g. ZKsync (@ freetokens). Always check the official ZKsync website.
Impersonating admins or mods
Scammers have been known to impersonate admins or mods on ZKsync’s official channels. They may send DMs asking for users’ private information in order to “participate” in airdrops, or send you a link asking you to connect your wallet and drain your funds. zkSync admins or mods would not DM users first.
Fake accounts tweeting ZKsync airdrop info
There are fake accounts tweeting ZKsync token airdrops. However, there is no official announcement yet. Always check the official channels.
ZKsync 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: ZKsync has completed season 1 of its token airdrop.
Airdropped Token Allocation: In season 1 of the ZKsync airdrop, a total of 3.675 billion $ZK tokens will be airdropped. This is equivalent to 17.5% of the total $ZK token supply.
Airdrop Difficulty: Tasks which allowed you to be eligible for season 1 of the airdrop includes interactions, donations and bridging assets. This would not be difficult for a general crypto trader.
Token Utility: The $ZK token is used for transaction fees, governance and staking.
Token Lockup: There is no lockup period for $ZK tokens which were distributed in the airdrop.
Frequently Asked Questions (FAQs)
How do I participate in the ZKsync Airdrop?
Here’s how to participate in the ZKsync airdrop · Add ZKsync Era Alpha Mainnet on MetaMask. · Bridge Funds to ZKsync Lite and ZKsync Era Mainnet. · Interact with ZKsync Lite and ZKsync Era Mainnet Alpha. · Interact with the ZKsync ecosystem. · Mint NFTs for ZKsync airdrop. · Complete quests on ZKsync’s Crew3. · Join the ZKsync Guild · Bonus: Complete ZKsync Era tasks on RabbitHole.
How do I participate in the ZKsync Airdrop?
ZKsync has not announced details of any potential airdrop yet.
Is there a minimum amount of tokens I can receive from the ZKsync airdrop?
This will depend on the rules of the ZKsync airdrop campaign, which has not been announced.
Which is the best ZKsync ecosystem dApp to interact with for the ZKsync airdrop?
We find SyncSwap to be the best ZKsync ecosystem dApp to interact with to position yourself for the airdrop. This is because SyncSwap refunds you 50-6 0% of your Ethereum gas fees. We’ve managed to do 30 ZKsync transactions on SyncSwap in 10 minutes for only US$3! Check out our SyncSwap ($SYNC) token airdrop guide!
When is the ZKsyncairdrop?
The ZKsync airdrop was on 24th March 2024 at 0:00 UTC when the eligibility and allocations snapshot was taken. Eligible users can claim the airdrop from 24th June 2024 to 3rd January 2025.
Will zkSync do an airdrop?
ZKsync season 1 airdrop is now available for claim until 3rd January 2025.
How do I prepare for a ZKsyncairdrop?
Projects often reward early users. Follow our guide to prepare for a potential airdrop.
Does ZKsync have a token?
ZKsync has a native token known as $ZK. It is used for paying transaction fees on the network, staking and governance.
How do I get season 2 of the ZKsync airdrop?
2 ways to get the potential season 2 of the ZKsync airdrop is to delegate your tokens and to maintain a high time weighted average balance (TWAB).
Fuel Network is another trending modular blockchain project similar to Celestia. They are currently in Phase 2 of their points program which means there may be airdrops coming soon! In this article, we will explain what Fuel is and how to position yourself for the token airdrop.
Check out our step by step guide!
Fuel Network Airdrop Step-by-Step Guide
Here’s a step-by-step guide on how to get a potential Fuel Network token airdrop:
Fuel is focused on building the fastest execution layer for modular blockchains. It is essentially a verifiable computation system designed for the modular blockchain stack. This system is based on a fraud- or validity-provable blockchain or other computation system that leverages a modular blockchain for data accessibility.
There is an ongoing shift happening in the architecture of layer-1 (L1) blockchains. We are transitioning from a monolithic design, in which consensus, data availability, and execution are interdependent, to a modular future where execution is detached from data availability and consensus. This decoupling permits specialization at the foundational layer, leading to a significant increase in bandwidth capacity. As such, Fuel is specifically developed to leverage this additional bandwidth, delivering high security and flexible throughput.
Who is the Team behind Fuel?
Fuel is developed by Fuel Labs, co-founded by John Adler and Alex Hansen. Adler is also the co-founder of Celestia, another popular modular blockchain project. In fact, both projects are complementary in terms of technical route. But Fuel is positioned as a modular execution layer, whereas Celestia is optimized for data availability and ordering. This makes Fuel one of the most hotly anticipated projects.
In September 2022, Fuel Labs successfully raised $80 million in a funding round led by Blockchain Capital and Stratos Technologies. Other backers also include some of the sector’s biggest investors such as CoinFund, Bain Capital Crypto, and TRGC.
Does Fuel have a Token?
As of now, Fuel has not confirmed the launch of a token. But with more than $80 million raised and its counterpart Celestia launching a token, it is very likely that Fuel will launch a token ahead of the mainnet launch. Currently, Fuel has a points program where you can earn off-chain points by completing specific on-chain actions. These points can potentially qualify you for future network rewards, which could mean airdrops.
How to Receive Potential Fuel Token Airdrop
Time needed: 45 minutes
The best chance to receive Fuel airdrops is to interact with their testnet. Fuel recently launched their Beta-3 Testnet, and it is important to interact with their protocols for a chance to be included in the snapshot. Here’s a step-by-step guide on how to position yourself for the airdrop:
Install Fuel Wallet
You will need to install Fuel Labs Wallet to interact with the testnet. Go to wallet.fuel.network/docs/install and download the zip file of the wallet. Once it’s complete, go to Chrome Extensions and toggle on “Developer Mode” at the top right corner of the screen. Now drag the downloaded zip file to the extension page to begin installing the wallet.
Claim Testnet Tokens
After setting up your wallet, go to your wallet and click on the “Faucet” button. You can also try here or here. Enter your wallet address and you should receive some test ETH immediately.
Connect with Fuel Wallet
Now, you will need to request a connection with your wallet, which will authorize your application to execute other actions. Go to wallet.fuel.network/docs/how-to-use, scroll down to the “Request Connection” section and connect. Then, click “Check it working”. Afterwards, try each of the tools on the page. This is really simple as all you need to do is to scroll and follow each step.
Interact with SwaySwap
SwaySwap is a decentralized exchange built on the Fuel test network, and is very likely a prerequisite to be included in the snapshot. Go to fuellabs.github.io/swayswap and launch the app. Claim testnet tokens at https://app.swaylend.com/#/faucet. Here you can swap tokens, provide liquidity to the protocol, and remove some liquidity. The more frequent the better chances you’re eligible for the airdrop.
Apply for the Thunder NFT closed beta
To apply for the Thunder NFT closed beta, go to the signup page and enter your Twitter handle.
Interact with Other DApps on the Ecosystem
There are many other projects building on Fuel. Here is an updated list of all the protocols that are currently running on Fuel Network. Additionally, most of these DApps do not have a token yet. So testing and interacting with them could also get you to qualify for their own token airdrop!
Complete Guild tasks and get Discord role
Connect your wallet to Fuel’s Guild page. Complete the social tasks to get various Discord roles.
Leave feedback on Discord
Go to the “wallet-feedback” channel on Discord and leave any feedback you have on the Fuel Wallet.
There are 3 ways to earn points in Phase 2 of Fuel’s Points Program. Firstly, Activity Points are earned by interacting with qualifying apps on Fuel Mainnet. For example, becoming a liquidity provider or lending on platforms. Some activities will also give you multipliers on your points. SeeHERE for the latest details. Secondly, spending on gas transactions will allow you to 5 Gas Points for each dollar spend on gas. Finally, when actively deploying funds, you can earn Passive Points at a minimum ate of 1 point per day per dollar.
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: Fuel has not confirmed a token launch yet, let alone an airdrop. But given the amount of money it raised and the project sharing the same co-founder as Celestia, there is a good chance they will have a token, and with it an airdrop.
Airdropped Token Allocation: TBD
Airdrop Difficulty: The steps are relatively easy as you just have to install a wallet and interact with SwaySwap. We also recommend being active with other DApps to increase your chances of getting an airdrop.
Sei Network has confirmed airdropping its SEI tokens for the testnet validators and participants. Season 2 airdrop was completed on 16th May 2024 and 44,445 unique addresses received 34,435,600 SEI! Meanwhile, Season 3 is expected to happen anytime soon! In this article, we will explain what Sei Network is and what you can do to position yourself for the $SEI airdrop.
Check out our video guide!
What is Sei Network?
Sei Network is a layer-1 blockchain built with the Cosmos SDK, and is designed to become the preferred chain for decentralized exchanges (DEXs) in DeFi, NFTs, and GameFi. The blockchain is optimized to enhance the functionality of exchanges and provide the best user experience for their customers. They achieve this by incorporating a native order matching engine that enables DEXs built on the blockchain to be on par with centralized exchanges (CEXs) in terms of executing orders. As a result, the end users can trade tokens, NFTs, and in-game items much faster and at minimal cost.
Sei Network Ecosystem
In October 2022, Sei Network launched a $50 million Ecosystem and Liquidity Fund to support the development of new applications and help teams bootstrap liquidity going into mainnet launch. The fund was backed by some of the top venture capital firms such as Multicoin Capital and Delphi Digital. As of now, there are more than 50 projects building on the ecosystem, ranging from infrastructure to fiat on/off ramps.
Who is the Team behind Sei Network?
Jeffrey Feng and Jayendra Jog are the co-founders of Sei Network, which has a team of skilled professionals with previous work experience at renowned organizations like Airbnb and Goldman Sachs. The team is now raising Series A funding at a $400 million token valuation, according to The Block.
Does Sei Network have a Token?
Yes, Sei Network is planning to launch their $SEI token. The SEI token has several features on the Sei network including paying network fees, staking, governance, used as collateral, for tipping validators and trading fees.
3% of the total SEI token supply will be allocated to the first rewards pool, known as ‘Season 1’. This means that there is a good chance that there will be an airdrop for Season 2!
How to receive season 2 $SEI Airdrop?
The best way to receive $SEI airdrop is to interact with the Seinami Incentivized Testnet. Within the testnet, there are 4 unique acts (currently closed) consisting of various tasks to complete. These tasks are designed to stress test Sei’s validator usability and security. Each completed task awards points, which directly correspond to your $SEI token rewards. Once the testnet period is finished, the token rewards will be distributed according to the tallied scores of all validators and participants. The Seinami Testnet missions in order to receive a potential airdrop can be found here. A lot of these require technical skills, e.g. to try hacking into their exchange, which might prove to be difficult.
However, Act 4 had several missions which involve growing the Sei ecosystem and simulating real-world trading. These tasks are easier to complete in order to get a Sei airdrop.
Here is a step by step guide on how to get the Sei testnet airdrop.
Place limit order on Vortex (long or short and in any market).
Place market order on Vortex (long or short in any market).
Place multiple Long/Short orders in one transaction (i.e. a bundled order placement) in any market.
Get liquidated on Vortex.
Refer a friend to sign up for Sei.
Get your friend to refer another on Sei.
Note that for tasks 1-4, it is not enough to just do the task. Users must also submit their transaction details and wallet address to the team for verification. There is also a cap on how many submissions users can do in one day. Check here for full details.
All 4 Seinami Testnet Missions are closed. However, you can still mint Sei Sunken Treasure NFTs until 23rd April 2023. To do this, go to https://seinetwork.io/treasure and connect your Keplr wallet. Then, do at least 25 transactions on the Atlantic-2 testnet. Afterwards, send gifts to other users. Finally, claim your NFT.
If you are eligible, register 1 .sei domain name.
How to get the Sei Foundation ($SEI) season 3 airdrop
Here is a guide on how to get the potential Sei Foundation ($SEI) season 3 airdrop. Note that these steps are based on experiences from the Season 2 eligibility criteria and are speculation only.
Buy NFTs from Pallet Exchange
Go to Pallet Exchange and buy 3 NFTs. Based on the season 2 airdrop, only NFTs from the top 8 collections were eligible for the airdrop. So, we suggest you only buy from the top NFT collections on Pallet Exchange such as Cappys, Seiyans, Fuckers or WeBump.
Stake $SEI
Stake 100 $SEI on: (1) Silo for iSEI; (2) Krptonite for stSEI; and (3) Sei.
Use DragonSwap
Go to DragonSwap and swap $SEI for some other tokens. Then, go to Pools, choose a pool and create a position worth at least US$100. We suggest creating a position in the iSEI/SEI pool as you would have some iSEI from step 2 above.
Use Jellyverse
Go to Jellyverse and swap $SEI to other tokens. Then, go to Pools and create a position worth at least US$100. We suggest creating a position in the fastUSD/USDC pool since it is more stable. However, you can also choose pools that have a high APR.
Connect to Yei Finance and click “Wrap/Unwrap SEI” on the top right hand corner. Swap SEI to WSEI tokens. Then, go to “Markets”, and supply and borrow WSEI.
Buy memecoins
Go to Dex Screener and find some Sei memecoins. Buy around US$20 each of some coins. You can consider buying Milli Coin ($MILLI), Chip$ ($CHIPS), Seiyan ($SEIYAN), Shenron ($SHENRN) or Popo the Cat ($POPO).
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: Sei has confirmed they will do an airdrop after the mainnet launch in the coming months.
Airdropped Token Allocation: 3% of the total $SEI supply will be airdropped in season 1.
Airdrop Difficulty: Some of the Seinami Testnet validator tasks are quite difficult as they require technical skills. Try completing the easier participant tasks first.
Token Utility: The SEI token has several functions on the Sei network, including paying network fees, staking, governance, collateral, tipping validators, and trading fees.
Token Lockup: There is no lockup period for the airdropped tokens.
Frequently asked questions (FAQs)
What was the Sei season 2 airdrop eligibility criteria?
On 16th May 2024, Sei Foundation took the snapshot for its Season 2 airdrop and distributed 34,435,600 SEI to 44,445 unique addresses. The airdrop rewarded users for Sei staking, liquid staking, and collecting NFTs. Here are the eligibility criteria: Sei stakers: Stake at least 42 SEI. Liquid staking token holders: Hold at least 42 iSEI or stSEI at the time of the snapshot. NFT collectors: Hold 2 or more NFTs from Seiyans, WeBump, Dob, Colony, Cappys, Alive1111, Outlines, Yaka.
What were the specific dates for the eligibility criteria?
To be eligible for the airdrop, participants had to fulfill these criteria at the time the snapshot was taken: For Sei stakers and liquid staking token holders: 16th May 2024 at 00:00 UTC. For NFT collectors: 5th May 2024 at 00:00 UTC.
What was the Sei season 2 token airdrop rewards distribution?
For Sei season 2 token airdrop, Sei stakers and liquid staking token holders were each awarded 1 point, whilst NFT collectors were awarded 2 points. Those who earned 1 point were airdropped 200 SEI, those who earned 2 points were airdropped 3,000 SEI and those that earned 3 or more points were airdropped 6,000 SEI.
How to claim the Sei season 2 token airdrop
Here’s how to claim the Sei season 2 airdrop: Go to https://airdrop.sei.io/ Connect your Compass, Fin or Keplr wallet, depending on which wallet you used to stake your SEI tokens or collected NFTs. Check your airdrop allocation.
When does the .sei Name Pre-registration begin?
The .sei Name Pre-registration will begin on 23rd August 2023 at 8:00am UTC. The public registration will be launched later on 28th August 2023 at 9:00am UTC.
How can I be eligible for the .sei name pre-registration?
To be eligible for the .sei name pre-registration, you must: Have previously claimed any of these OATs: The Ticket, The Ticket II, The Ticket III, and The Ticket IV. Be a winner of any giveaway hosted by Sei together with their partners.
What does each OAT or giveaway win entitle me to?
Each OAT or giveaway win entitles you to register 1 .sei name during the pre-registration phase. Additionally, those who collected all 5 OATs will be able to register a domain (5 characters or more) for 1 year for free.
What are the dates for the pre-registration and public registration?
The pre-registration for .sei domain names will be from 23rd to 28th August 2023 at 8:00am UTC. This period is for eligible addresses only on a first-come-first-served basis. Public registration for .sei domain names will begin on 28th August 2023 at 9:00am UTC.
Can I trade my .sei domain?
Yes, you will be able to trade your .sei domain on Sei NFT marketplaces such as BlueMove.
Are there any reserved domains?
Yes, not every .sei name is up for grabs. The Sei team has reserved certain domains for their partners.
How much does a .sei domain name cost?
Here’s the cost breakdown for a .sei domain name: 3 characters: US$200 worth of $SEI per year. Or US$150 (25% off) during pre-registration. 4 characters: US$50 worth of $SEI per year. Or US$40 (20% off) during pre-registration. 5 characters: US$5 worth of $SEI per year. Or 1 year free for those that collected all 5 OATs.
