Boxmining v2

Author: ronalthapa

  • Taiko ($TKO) Token Airdrop Guide: Phase 1 airdrop confirmed!

    Taiko ($TKO) Token Airdrop Guide: Phase 1 airdrop confirmed!

    Taiko is a ZK-EVM scaling solution for Ethereum, similar to zkSync and StarkNet. Taiko token airdrop has been confirmed and Phase 1 of the airdrop has begun! In this article, we will explain what Taiko is and how to position yourself for the $TKO airdrop.

    Check out our EXCLUSIVE Taiko Airdrop trip to farm mainnet for FREE!

    Taiko ($TKO) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Taiko ($TKO) token airdrop:

    1. Add Taiko Network to MetaMask
    2. Claim Faucet Tokens
    3. Bridge Testnet Tokens
    4. Deploy a Smart Contract to Taiko A1
    5. Run a Node on Taiko
    6. Complete Galxe Tasks

    See below for more details.

    What is Taiko?

    Taiko is building a decentralized and Ethereum-equivalent (Type 1) ZK-EVM. Taiko’s goal is to scale Ethereum in a manner that emulates it as closely as possible – both technologically and ideologically. They have raised $22 million across two funding rounds and launched their latest testnet (Alpha-3) in their mission to build a decentralized and Ethereum-equivalent (Type 1) ZK-EVM.

    The Taiko alpha-3 testnet is the latest update and is a significant milestone on the journey towards a decentralized, Ethereum-equivalent ZK-EVM. This testnet will be critical in testing much of the network design and components. It’s also known as Grímsvötn. The primary purpose of the alpha-3 test network is to evaluate the economic design and implementation of new protocols, including new fee/reward structures.

    Technical Overview of Type-1 ZK-EVM

    Ethereum-equivalent ZK-Rollups, also known as ZK-EVMs, are the ideal layer-2 scaling solution as they do not sacrifice security or compatibility. Taiko aims to be a type-1 ZK-EVM, putting perfect EVM/Ethereum equivalence over ZK proof generation speed.

    The various types of ZK-EVMs can be distinguished by how closely they adhere to Ethereum’s architecture at the base layer, such as the Merkle Patricia Tree for the state trees, the execution client specification, and the gas costs for each opcode.

    These ZK-EVMs make compromises between compatibility and proof generation cost, with Type 1 ZK-EVMs prioritizing compatibility over cost. This type is also known as “Ethereum-equivalent” because it does not alter any aspect of the Ethereum architecture, including the hash function, state trees, and gas costs. This allows existing execution clients to be reused with minimal modifications.

    Who is the Team behind Taiko?

    Taiko Labs is co-founded by Daniel Wang, the founder and former CEO of Loopring — an EVM DEX protocol powered and scaled by zero-knowledge proof technology. In July 2022, Wang brought in Brecht Devos, his former Chief Architect at Loopring, to lead the project’s zero-knowledge research and development team. As of now, the company has more than twenty people across thirteen countries with most people having an engineering and cryptography background.

    Does Taiko have a Token?

    Yes, Taiko Labs confirmed it in their white paper that they will have a Taiko Token ($TKO). The protocol mints $TKO to reward block verifiers. The token is transparent to L2 users, providing a seamless user experience equivalent to that on the Ethereum chain.

    Users will pay transaction fees in ETH, and block proposers will receive these fees for each block they successfully propose. In return, block proposers must burn a certain amount of $TKO to participate in the protocol, and pay ETH to Ethereum validators for block inclusion in L1 blocks.

    Taiko Alpha-1 Testnet – Confirmed Airdrop Strategy

    Taiko launched their Alpha-1 Testnet in late December 2022. It consists of two networks: Taiko A1, a fully decentralized Ethereum-equivalent ZK-Rollup, and Ethereum A1, the latter serving as the L1 network. The testnet includes L1 and L2 nodes with the Taiko protocol contracts deployed and a mining interval of 12 seconds. In their user document, Taiko has a guide for what users can do in the testnet, which strongly hints at a potential airdrop strategy.

    On 22nd May 2024, Taiko ($TKO) launched its Phase 1 airdrop, with 5% of the initial token supply up for grabs!

    The best way to receive $TKO airdrop is to bridge tokens between Ethereum A1 and Taiko A1, deploy smart contracts, and run a node. Completing these steps puts you in a great position to be eligible for an airdrop. Here’s a step-by-step guide:

    1. Add Taiko Network to MetaMask

      You can automatically add Taiko A1 and Ethereum A2 to your MetaMask at their wallet configuration page. If it doesn’t work, you can instead manually add the networks at their RPC configuration page.

    2. Claim Faucet Tokens

      After adding the network to your MetaMask, you will need testnet tokens to interact with their protocol. Go to l1faucet.a1.taiko.xyz for Ethereum A1 ETH, and l2faucet.a1.taiko.xyz for Taiko A1 ETH. You will need to make a Tweet and put your wallet address in the post. Copy your Tweet’s link and paste on the request box as shown in the image below. This is to prevent bots from abusing the faucet.

    3. Bridge Testnet Tokens

      Now you can use the bridge to transfer assets between Ethereum A1 and Taiko A1. As a prerequisite, you will need some testnet ETH on either A1 networks. Some transfers may take a while, but you can check your transactions in their bridge contracts.

    4. Deploy a Smart Contract to Taiko A1

      You will need to install Foundry to deploy a smart contract on Taiko A1. You only need to have the private key to an account that has some ETH on Taiko A1 to pay the small transaction fee for deploying the contract. It should only take about 15 minutes. Taiko has a complete guide on this here.

    5. Run a Node on Taiko

      According to the team, this is the most important part of the testnet, as Taiko is a community-driven protocol. This step alone has the highest chance to get you qualified for a potential airdrop. The complete guide is on their user document. But if you are still confused, a contributor on their Discord channel posted a detailed guide on setting up a node for windows.

    Taiko Alpha-2 Testnet – Confirmed Airdrop Strategy

    Here’s how to potentially receive an airdrop in Taiko’s Alpha-2 Testnet:

    1. Add Sepolia и Taiko (Alpha2 Testnet) to Metamask.
    2. Claim testnet tokens using Sepolia Faucet and Horse/BLL.
    3. Add these 2 token contract addresses to your wallet: Bull Token — 0x6048e5ca54c021D39Cd33b63A44980132bcFA66d and Horse Token — 0xCea5BFE9542eDf828Ebc2ed054CA688f0224796f.
    4. Connect your wallet to Taiko bridge.
    5. Transfer tokens from Sepolia to Taiko A2. To do this, go to the “Bridge” tab, choose the Sepolia Network, and choose your token type and amount. Then, click on “Bridge”. Remember to also transfer the $HORSE and $BLL tokens!
    6. Transfer tokens from Taiko A2 to Sepolia. This is basically the same steps as point 5 above.

    How to Receive Potential $TKO Airdrop for Taiko Alpha-3 Testnet

    Here’s how to potentially receive an airdrop in Taiko’s Alpha-3 Testnet:

    1. Add Sepolia Network to Metamask.
    2. Add Taiko (Alpha-3 Testnet) to Metamask.
    3. Get Sepolia ETH at either https://sepolia-faucet.pk910.de, faucet-sepolia.rockx.com or sepoliafaucet.com.
    4. Connect your wallet to the Taiko Faucet and mint 50 Bull ($BLL) and 50 Horse ($HORSE) tokens. If you don’t see these tokens in your Metamask it may be because you have not added the token address. Click “Import tokens” on your Metamask and input the token details.
    5. Go to Taiko Bridge and bridge $ETH, $BLL and $HORSE from the Sepolia to Taiko network. You may need to increase the gas in order to avoid the transaction failing.
    6. Claim your transfer by going to the Transaction page and clicking “Claim”. Then, confirm the transaction on Metamask.
    7. Complete tasks on Taiko’s Galxe page. Tasks include answering their quizzes, bridging and swapping funds.

    Taiko Quiz Answers

    Here are the answers for the Taiko Quizzes on their Galxe page:

    Exclusive: How to farm Taiko Mainnet for free!

    Taiko is currently running Season 1 of their Trailblazers campaign which will end on 16th September 2024. As Taiko has launched its mainnet, you would usually need to use real funds to complete the tasks for the potential airdrop. However, with our EXCLUSIVE tips and tricks, you can farm the Taiko airdrop for FREE! Here’s how to farm the Taiko potential airdrop for free:

    • Connect wallet to https://crackandstack.com/
    • Play Crack & Stack. Crack & Stack is a PvP game that rewards you in ETH for mining as quickly as possible and avoiding the goblins. You have 10 free games per day.
    • With your earned ETH, transact on platforms such as World of Dypians and 0xAstra.
    • Transact on World of Dypians by claiming the free boxes.
    • Transact on 0xAstra by collecting daily logins.
    • You can also use the ETH earned in Crack & Stack to cover any transaction fees on Taiko mainnet. This way, you will not need to bridge your ETH to Taiko or deposit real funds to the platform.

    TIP: On Crack & Stack, the objective is to mine as fast as you can. However, do not be greedy until you have around 20 seconds on the timer as you want as much movement speed as you can. Your inventory space will start flashing yellow so your movement speed will be a little bit slower, but not slow enough for people to kill you. It also does not matter if you die in the game because you will still earn ETH on your wallet.

    Taiko token airdrop eligibility criteria?

    Taiko proposers, provers, bridgers, users (including Galxe users) and developers are eligible for the Taiko token airdrop. GitHub contributors and Loopring community members that meet the specified conditions are also eligible. Note however the activities are weighted and a score is assigned to them. You will only be eligible if you meet the minimum score and any conditions set by the Taiko team.

    How to check your eligibility for the Taiko token airdrop?

    Here’s how to check your eligibility for the Taiko token airdrop:

    1. Go to https://claim.taiko.xyz/
    2. Click “Check eligibility” at the top of the page
    3. Connect your wallet (e.g. MetaMask) and GitHub account, if any.
    4. Bind your wallet and GitHub account.

    Note that users have 7 days i.e. until 30th May 2024 to check their eligibility. Once the claim window is open, eligible users will have 1 month to claim their TKO tokens.

    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: Taiko has a guide for what users can do to interact with their testnet, which strongly hints at a potential airdrop strategy.

    Airdropped Token Allocation: Taiko confirmed they will have a token known as $TKO, but the tokenomics are unknown.

    Airdrop Difficulty: The latest Taiko Alpha-3 Testnet only requires you to use testnet funds to bridge, which is relatively simple. Deploying a smart contract and running a node on Taiko however, may need a bit more technical knowledge.

    Token Utility: The $TKO utility is unknown.

    Token Lockup: The $TKO token lockup is unknown.

  • Scroll Token Airdrop Guide: Beta Testnet LIVE NOW!

    Scroll Token Airdrop Guide: Beta Testnet LIVE NOW!

    Zero-knowledge rollups (ZK-rollups) could be one of the strongest performing sectors in 2023, as demand for Ethereum scaling solutions is increasing. As such, Scroll is another highly anticipated ZK-rollup project that has recently hinted at a token airdrop. On 3rd July 2024, Scroll completed the Curie upgrade to its mainnet. As the potential for ZK-rollups is massive this year, this is a good opportunity for you to earn free airdrop rewards.

    If you are interested in other trending ZK-rollup projects, zkSync and StarkNet should definitely be on your watchlist.

    Scroll Airdrop Step-by-step Guide

    Here’s how to position yourself for a potential Scroll airdrop:

    1. Add Scroll Alpha Testnet to MetaMask
    2. Claim Goerli ETH from Goerli Faucet
    3. Bridge Goerli ETH to Scroll L2
    4. Bridge Scroll L2 to Goerli
    5. Send ETH to another wallet using MetaMask
    6. Interact with Scroll Ecosystem
    7. Use Scroll Alpha on Aave
    8. Use Scroll Alpha network on SyncSwap
    9. Interact with Izumi Finance
    10. Perform swaps and add liquidity using Symbiosis
    11. Get Scroll Guild roles
    12. Collect the Scroll Origins NFT

    See below for more in-depth details!

    What is Scroll?

    Scroll is developing a ZK-rollup that is fully compatible with the Ethereum Virtual Machine (EVM). Their proving system supports the direct verification of an Ethereum block with a single, concise proof. This means much faster Ethereum transaction finality and less gas fees.

    How Does Their ZK-Rollup Work?

    The concept involves verifying the accuracy and completeness of each operation code in the EVM execution trace. As a result, layer-1 smart contracts can be easily transferred to Scroll. Instead of incorporating new ZK-specific features, they will take a different approach by supporting the native EVM with tailored optimizations. This gives them a significant advantage as they can work seamlessly with all existing Ethereum systems without the need for any modifications.

    Layer-2 Proof Outsourcing

    Scroll also aims to establish and standardize the outsourcing of layer-2 proofs, which streamlines rollup processes. They have created a strong outsourcing system that motivates rollers to produce zero-knowledge proofs for them. They will standardize this approach to accommodate a wider range of off-chain computations. This will create a new proof market.

    Another benefit for developers is that they can deploy complex contracts on Scroll without worrying about gas limits. This opens up many new possibilities for off-chain applications with on-chain proofs.

    Key Takeaway of Scroll’s Proof System

    Based on the two points mentioned above, Scroll is a hierarchical zero-knowledge proof system. The first layer will be optimized for prover efficiency, utilizing custom circuit optimization and hardware-friendly proving algorithms. The second layer will be optimized for verifier efficiency, featuring succinct proofs and verification algorithms that are compatible with the Ethereum Virtual Machine (EVM).

    This proof system has the potential to support larger programs than the EVM and offer additional features such as privacy, surpassing the capabilities of existing solutions.

    Who is the Team behind Scroll?

    Scroll is co-founded by Sandy Peng, Ye Zhang, and Haichen Shen. Peng has rich experience in business development, project strategy and data curation. On the other hand, Zhang and Shen are experts in computer science, open-source protocol engineering, and cryptography. Shen, in particular, previously worked for Amazon as a senior applied scientist on AI compilers.

    In April 2022, Scroll successfully raised $30 million in a Series A funding round led by Polychain Capital and Bain Capital Crypto, with participation from Robot Ventures and Geometry DAO. As of now, their team has at least 20 people across the globe who are experts in zero-knowledge cryptography and distributed systems on blockchain technology.

    Does Scroll have a Token?

    Scroll does not have a token yet. According to their roadmap published on Discord, they mentioned that they are creating an incentive mechanism to encourage participation in the network. They also have a Scroll Marks system which rewards participation and engagement in the Scroll ecosystem. This strongly indicates that there will be a token coming soon, and airdrops will be rewarded for early users.

    How to Get the Potential Scroll Token Airdrop?

    Here is our step-by-step guide on how to get the potential Scroll token airdrop

    1. Add Scroll Alpha Testnet to MetaMask

      Go to the Scroll Alpha Testnet portal, and add the L1 and L2 configurations to your wallet.

      Add the Scroll Alpha Testnet to Metamask- the network configuration details are here. If you have added the Pre-Alpha Testnet network before, you will need to remove it from your MetaMask before proceeding. Afterwards, reset MetaMask for Scroll’s L2.

    2. Claim Goerli ETH from Goerli Faucet

      In case you haven’t added the Goerli network to your MetaMask, you can do it via ChainList.

      Now, you will need Goerli ETH on your wallet. Request them at any Goerli faucets such as Alchemy or Goerli PoW.

    3. Bridge Goerli ETH to Scroll L2

      Use the Scroll Bridge to transfer testnet ETH tokens from Goerli Testnet to Scroll Alpha Testnet. The transaction will take around 10-15 minutes.

      You can check your transactions on the Scroll Rollup Explorer.

    4. Bridge Scroll L2 to Goerli

      While on the Scroll Alpha Testnet network, you can also do the reverse of step no.3 i.e. bridge your testnet ETH tokens back to the Goerli Testnet.

    5. Send ETH to another wallet using MetaMask

      Send ETH from one wallet to another on the Scroll Network using Metamask.

    6. Interact with Scroll Ecosystem

      Scroll has a large ecosystem of projects. Interacting with them generates on-chain evidence that can help you qualify for a potential airdrop. Some examples include Aave, Syncswap, Izumi Finance and Symbiosis (see below). Here’s a list of the Scroll ecosystem projects.

    7. Use Scroll Alpha on Aave

      Connect your wallet to Aave, then click the settings button on top right hand corner and turn on Testnet Mode. Then, click the down arrow on the left hand side and choose “Scroll Alpha” for the Aave Testnet Market. Finally, supply and borrow some tokens such as ETH, DAI, USDC and USDT.

    8. Use Scroll Alpha network on SyncSwap

      Connect your wallet to SyncSwap and choose the Scroll Alpha network on the top right hand side. Click on “Faucet” and “Claim now” to get testnet tokens. Note you will need ETH to cover gas fees. Perform some swaps on the “Trade” tab, add liquidity to some pools on the “Pool” tab and remove part of the liquidity.

      SyncSwap may also be doing its own $SYNC token airdrop! Learn more here!

    9. Interact with Izumi Finance

      Connect your wallet to Izumi Finance. On the “Swap” tab, swap between tokens such as ETH, USDT, WETH, USDC and IZI. Then, go to the “Pro” tab to access their exchange. On the exchange, make some limit orders. Finally, click on “Liquidity” and add liquidity.

    10. Perform swaps and add liquidity using Symbiosis

      Perform swaps on Symbiosis exchange. Also add liquidity to their Liquidity Pools. Remember to do this with Scroll tokens only! You can tell which tokens are Scroll tokens since they will have the 📜 emoji on them.

    11. Get Scroll Guild roles

      Go to the Scroll Guild Page. Connect your wallet, Discord and Twitter accounts. Complete the tasks to earn guild roles.

    12. Collect the Scroll Origins NFT

      Scroll Origins is an NFT mint launched by Scroll to celebrate their earliest builders. To be eligible, you must deploy a smart contract to Scroll Mainnet within 60 days of 10th October 2023 at 6:00am GMT. Then, you will be eligible for 1 of 3 NFTs based on the deployment date (before 9th and 24th November, and 9th December 2023 respectively). Your NFT will be a better rank if you deploy earlier! The Scroll Origins NFT can be claimed on the Scroll website from 15th December 2023 onwards.

      To deploy a smart contract to the Scroll Mainnet and be eligible for the Scroll Origins NFT, you must first bridge funds from Ethereum Mainnet to Scroll mainnet here (this is for gas fees when deploying the smart contract). Then, create your own token by going here and selecting the “ERC-20” tab. Choose a name and ticker symbol for your token. Under “Features”, select “Mintable” and at “Access Control” select “Ownable”. Then, click “Open in Remix” on the upper right-hand corner. On the new window, click on “Solidity Compiler” (the two arrows button on the left sidebar) and see if there is a green tick next to it. Afterwards, click the blue “Compile contract” button and the “Deploy and run transactions” button (this is the button showing the Ethereum logo with an arrow). Under “Environment” click on the drop-down menu and select” Injected provider-MetaMask”. Your MetaMask wallet will then pop up, log in and make sure you are on the Scroll Mainnet. Back on the webpage, paste your wallet address next to the “Deploy” button and click. Confirm the transaction when prompted to on MetaMask.

      To check you have correctly deployed the smart contract, go to https://scroll.io/developer-nft/check-eligibility and check your eligibility for the NFT. If you are eligible, you will be told so and asked to come back on 15th December 2023 to claim it.

      Here are the 3 Scroll Origin NFTs you can expect to get based on the smart contract deployment date: (1) Quintic: Before 9th November; (2) Quartic: Before 24th November; and (3) Cubic: Before 9th December.

    13. Participate in Scroll’s Session Zero

      To participate and be eligible for Scroll’s Session Zero, bridge $ETH or $wstETH via Scroll’s native bridge or STONE Bridge using LayerZero to Scroll. You will earn Scroll Marks for holding specified assets on Scroll. Those who have spent more than US$5 on gas on Scroll from 10th October 2023 to 29th April 2024 at 12:00pm UTC will also be eligible for Scroll Marks.

    14. Participate in Scroll’s Session One

      In Sroll Session One, participants earn Scroll Marks for depositing assets into specific DEX liquidity pools. For now, depositing into the ETH/USDC pool using the Scroll network on Ambient Finance and depositing into the pools on Nuri will make you eligible to earn Scroll Marks. Other eligible protocols for Scroll’s Session One include Izumi Finance, Syncswap, Oku Trade, Unisswap and Zebra. You will earn more Scroll Marks for liquidity deposits with tighter rangers or more market depth. Scroll has suggested you could get Scroll Marks faster by, for example, choosing LP positions that are more concentrated around the actual price. Also, LP positions with higher volatility such as ETH-USDC would accrue Scroll Marks faster than low/no volatility positions such as USDC/USDT.

    15. Mint a Scroll Canvas

      Scroll Canvas is a way to display your onchain credentials, status and achievements across the Scroll ecosystem. To mint a Scroll Canvas, connect your wallet to Scroll Canvas. Minting a Scroll Canvas requires a mint fee of 0.001 ETH, however you can enter our invite code TRQI1 to get 50% off the mint fee! Afterwards, choose your username and click “Mint my Canvas”.

    16. Earn Scroll Badges

      After you have minted your Scroll Canvas, click “Mint eligible badges” to collect the Scroll Badges you are already eligible to mint. To earn other Scroll Badges, click the “Badges” tab and then “Explore badges” for a list of other badges you can earn and their eligibility criteria. Here are some of the easiest Scroll Badges to earn: Ethereum Year Badge (At least 1 year old wallet), Scroll Origins NFT Badge (own Scroll Origins NFT), AlienSwap Badge (interact with AlienSwap), Pudgy Penguin Badge (Own a Pudgy Penguin NFT) and Unique Humanity Score Badge (have a Passport XYZ score of over 20).

    Scroll Badges List: Which is the easiest or most difficult?

    Scroll Badges are Badges you can earn by completing various tasks on the Scroll ecosystem. These Scroll Badges may play an important role in a potential Scroll token airdrop. Here is a list of the Scroll Badges you can earn ranked in order of difficulty from easiest to hardest:

    • Ethereum year badge: Free, shows off the year your wallet debuted on Ethereum
    • Scroll on Highlight commemorative mint badge: Free, go to the mint page and click “Mint now”.
    • XHS holder: Free, go to XHS and click “Genesis”, join their Discord and connect your Twitter.
    • Gitcoin Passport: Free, complete proof of humanity and get at least 20 points (level 1).
    • Trusta Labs Proof of Humanity: Free, complete and mint your proof of humanity on Linea Chain.
    • Omnihub: 0.000005 ETH, create one NFT collection through OmniHub to Scroll network.
    • XHS booster: 0.002 ETH, Go to XName and register a .scroll name.
    • ZNS domain badge: 0.002 ETH, register your ZNS domain name.
    • Scrolly: 50,000 $SCROLLY, go to Scrolly Name Service and mint a .scrolly domain name.
    • Symbiosis Swapper: US$10, do a minimum of $10 worth of swaps on Scroll
    • Symbiosis Beginner: US$10, bridge a minimum of $10 through Symbiosis to Scroll
    • Symbiosis Professional: US$100, bridge a minimum of $100 through Symbiosis to Scroll
    • Scroll Retro-Bridger: US$150, bridge 0.05 ETH or US$150 worth of stables via RetroBridge to Scroll.
    • Ambient Swapoor: US$500, make 1 or more single swaps on Ambient Finance for $500.
    • Symbiosis Whale: US$500, bridge a minimum of $500 through Symbiosis to Scroll
    • Ambient Filoor: US$500, have 1 or more filled limit orders on Ambient Finance valued over US$500.
    • Zebra: US$1,000, swap over US$500 and provide liquidity of over US$1,000.
    • Ambient Providoor: US1,000, make at least 1 LP positions on Ambient Finance valued over US$1,000.
    • Pencils P: 0.1 ETH, stake at least 0.1 ETH for a minimum of 28 consecutive days
    • Pencils S: 0.5 ETH, stake at least 0.5 ETH for a minimum of 28 consecutive days
    • Ambient Yeet: US$50,000, provide liquidity of over a “sizable amount” (rumoured to be US$50,000) in a single position on Ambient.

    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: Scroll has hinted they will create an “incentive network” to encourage participation on Scroll. They currently have a campaign where users can collect Scroll Badges which many speculate would position you for a potential airdrop.

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

    Airdrop Difficulty: Scroll has not yet released details about its airdrop. However, there is a Scroll Badge campaign which many believe may lead to a potential airdrop.

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

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

  • LayerZero ($ZRO) Token Airdrop How to claim

    LayerZero ($ZRO) Token Airdrop How to claim

    Looking for free tokens with huge upside potential? LayerZero is one of the major upcoming crypto airdrops, funded by many reputable global enterprises such as PayPal. The LayerZero airdrop is now available to claim. This is our LayerZero airdrop ultimate guide.

    Check out our zkSync ($ZKS) Token Airdrop Guide for another highly anticipated airdrop.

    LayerZero ($ZRO) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential LayerZero ($ZRO) token airdrop:

    1. Interact with Stargate Finance
    2. Interact with Stargate Bridge on LayerZero
    3. Use Stargate on Bungee
    4. Use the USDC LayerZero Bridge
    5. Use the Aptos Bridge
    6. Use LiquidSwap Bridge
    7. Use LEVEL Finance Bridge
    8. Use SushiSwap Cross-Chain Swap
    9. Use BitcoinBridge
    10. Interact with other dApps on LayerZero
    11. Get roles on the Stargate Guild

    See below for more details!

    What is LayerZero?

    LayerZero is a trustless omnichain interoperability protocol designed to connect multiple chains. Let’s break it down what this means in simple terms:

    Underlying Issues of Current Interoperability Techniques

    Interoperability is a big problem for blockchains. Blockchains can’t talk to each other in a way that makes sense, so they’re like separate islands. This makes it hard for people to move things like money and data between them. There are two ways to fix this, but they both have problems.

    Middle Chain

    In the blockchain world, there are some protocols that help blockchains talk to each other such as Polkadot or Cosmos. They’re like a middleman that helps different blockchains exchange messages. This is a good way to make sure that blockchains can work together and it’s not too expensive. But it’s not very secure because if something goes wrong with the middleman, then everything can be stolen. It’s like having all your eggs in one basket.

    On-Chain Light Node (Decentralized Bridges)

    Instead of having one person in charge, decentralized cross-chain bridges use on-chain light nodes to communicate between blockchains. A light node is like a small part of the blockchain ledger’s transaction history. It’s connected to a full node to make sure everything is correct.

    To send messages between chains, light nodes on one chain check the metadata of a block from another chain. Then they send proof of the transaction to the other chain. This is a safe way to send messages between chains, but it’s also very expensive. You would need to build a new bridge for every pair of chains, and each one would need its own interface and code.

    LayerZero’s Solution to Interoperability

    Instead of a middle chain or a layer-2 solution, LayerZero provides a massive infrastructure that would seamlessly enable direct, trustless transactions across all chains. Think of it like this: if blockchains are nations and bridges are immigration, then LayerZero would be a global super-passport and air-traffic control that allows communication between all blockchains at once. It focuses more on the communication problem of the interoperability layer (layer 0) rather than providing a third party solution like a bridge or middle chain.

    source: LayerZero Whitepaper

    LayerZero achieves this by using on-chain light nodes in a much more economical way. The team behind LayerZero, LayerZero Labs, coined it Ultra Light Node (ULN). The ULNs are connected to oracles and relayers, both independent off-chain entities in charge of transferring messages from one chain to another.

    Instead of keeping all block headers sequentially, block headers are streamed on demand by decentralized oracles, i.e. Chainlink, allowing the ULN endpoints to be small and cost-effective. The relayers are responsible for moving transaction proofs. Initially, LayerZero Labs will run and maintain the relayers, which will soon be fully open-sourced so that anyone can operate their own relayer.

    source: LayerZero Whitepaper

    Moreover, the use of an oracle-relayer pair provides additional layers of security since responsibilities are broken up. But if both parties are compromised, LayerZero would be vulnerable to attacks–no easy task, given the progressive decentralization of relayers growing in the network.

    Who is the Team behind LayerZero?

    LayerZero Labs, a Vancouver-based startup, developed LayerZero protocols to enable omnichain decentralized applications across multiple blockchains. LayerZero was co-founded in 2021 by Bryan Pellegrino, Ryan Zarick, and Caleb Banister. The three have previously worked together in computer network research labs at the University of New Hampshire.

    LayerZero Labs have recently raised US$120 million in Series B funding at a valuation of US$3 billion. The funding is expected to go towards growth initiatives, in particular expanding the Company’s presence in the Asia-Pacific. In March 2022, LayerZero Labs raised $135 million in a Series B funding round from the likes of FTX Ventures, Coinbase Ventures, Uniswap Labs, Sequoia Capital, a16z, PayPal Ventures and more. Interestingly, LayerZero is PayPal’s first ever web3 investment. Seeing as that PayPal is one of the world’s leading payment networks this goes to show LayerZero has huge potential that spans beyond the crypto space.

    Does LayerZero have a Token?

    LayerZero does not have a token YET. But based on their information code we know it will be called $ZRO.

    source: LayerZero Gitbook

    How to Receive Potential LayerZero Token Airdrop?

    Interact with Stargate Finance

    Stargate Finance (Check out our airdrop guide here) is the first live LayerZero protocol. LayerZero Labs believes Stargate will be integral to any dApp that wants to move cryptocurrency across blockchains. Thus, Stargate users, especially DAO voters, could have a very high chance to receive $ZRO airdrops. Here’s how to stake and become a DAO Voter on Stargate:

    1. Buy Stargate’s $STG token (for as little as $0.74) on centralized crypto exchanges like Bybit or on decentralized exchanges like Uniswap. We suggest staking at least 25 $STG because it is the minimum required to get some guild roles.
    2. Stake $STG to get $veSTG. This gives you voting power on Stargate’s staking tab: https://stargate.finance/stake. The staking period can range from 1 to 36 months. You can also browse the pools and farms on the staking page to earn more $STG yields.
    3. Add liquidity to Pools. Go to https://stargate.finance/pool, choose your preferred Pool and add liquidity. You can remove liquidity at any time on the “Remove” tab. You earn LP tokens as a reward, which then be farmed to get $STG. Check our guide here.
    4. Regularly vote on governance proposals. Tip: Select “Turn On My Notifications” so you don’t miss any voting opportunities.

    Interact with Stargate Bridge

    Interact with dApps such as Stargate Finance’s Stargate Bridge by bridging your funds across networks repeatedly to generate volume. To do this, select the “from” token and network, the “to” token and network, and confirm your transaction.

    Bonus: How to save costs when using Stargate Bridge

    Here’s how to save costs when using Stargate Bridge:

    1. Do not transfer assets to/from the Ethereum network as it usually costs the most.
    2. Instead, to save costs when using Stargate Bridge transfer to/from these networks: BNB/AVAX, BNB/MATIC, BNB/FTM, BNB/METIS, AVAX/MATIC, AVAX/FTM, AVAX/METIS, MATIC/FTM, ARB/BNB, ARB/AVAX, ARB/MATIC and FTM/METIS.
    3. Check the estimated gas cost before bridging by clicking “Transfer Gas Estimator” before transferring assets.

    Use Stargate on Bungee

    Bridge tokens on Bungee using the Stargate route. This will also make you eligible for the Bungee, Socket and Stargate potential airdrops. For more details, see our Bungee token airdrop guide.

    Use the USDC LayerZero Bridge

    You can use the USDC LayerZero bridge (https://usdcdemo.layerzero.network/bridge) to transfer USDC between EVM chains.

    USDC Goerli Contract Address: 0x07865c6E87B9F70255377e024ace6630C1Eaa37F
    USDC Avax Contract Address: 0x5425890298aed601595a70AB815c96711a31Bc65

    Use the Aptos Bridge

    The Aptos Bridge is powered by LayerZero. You can move USDC, USDT, and ETH from Ethereum, Arbitrum, Optimism, Avalanche, Polygon, and BSC to the Aptos network. Connect your EVM (e.g. MetaMask) and Aptos wallets (e.g. Martian wallet). Then, choose the number of cryptocurrencies and networks you wish to use. However, keep in mind there is a 3-day transfer window if you want to withdraw your funds out of the Aptos ecosystem. You will also need to pay gas fees in Aptos $APT tokens.

    To use the Aptos Bridge with the least amount of gas fees, transfer USDC from BNB Chain to Aptos network. To do this, you will need USDC and BNB (gas fees) in your EVM wallet (e.g. MetaMask). You will also need $APT to your Martain wallet to pay for gas fees.

    Use the LiquidSwap Bridge

    Go to https://bridge.liquidswap.com/ and bridge USDT, and ETH from Ethereum or Arbitrum to the Aptos network. Connect your EVM (e.g. MetaMask) and Aptos wallets (e.g. Martian wallet), and choose the cryptocurrency and network (Ethereum/Arbitrum to Aptos and vice versa) you wish to bridge tokens. Note you will need to pay gas fees in Aptos $APT tokens.

    Use LEVEL Finance Bridge

    LEVEL Finance is a decentralized perpetual exchange on BNB Chain that provides risk management solutions for liquidity providers and is built by experienced entrepreneurs and contributors. To use LEVEL, you will need to buy their native $LVL token on DEXs such as Uniswap or Pancakeswap. Then, go to LEVEL Bridge and bridge $LVL tokens between BNB Chain and Arbitrum. Note that depending on which direction you are bridging, you will need BNB or ETH for gas fees.

    Use SushiSwap Cross-Chain Swap

    SushiSwap released its SushiXSwap, which is built upon LayerZero’s Stargate protocol. You can swap tokens directly to another network without using a bridge. As such, users are likely to be qualified for a $ZRO token airdrop!

    Use BitcoinBridge

    BitcoinBridge allows users to transfer BTC.b. BTC.b is a new type of wrapped Bitcoin that can be used on the Avalanche Network. It is moved to Avalanche using the Avalanche Bridge. This makes it easy to use Bitcoin on many different networks with the help of LayerZero.

    Meanwhile, BitcoinBridge is a good way for people on a budget to interact with the LayerZero ecosystem. Doing 20 transactions on BitcoinBridge will only cost around US$15! Here’s how to use BitcoinBridge:

    1. Buy BTC.b on Trader Joe here.
    2. Connect your EVM and Aptos wallets here.
    3. Bridge assets between different networks.

    Use Rage Trade

    Rage Trade is a double-legged trading protocol that offers a perpetual ETH swap and a USDC yield-farming product built on Arbitrum and LayerZero. Therefore, interacting with it may qualify you for 3 airdrops at the same time! To use Rage Trade, simply trade and deposit and stake on their platform. Also, contribute to their community.

    For more details check out our Rage Trade Token Airdrop Guide

    Use Altitude

    Altitude ($ALTD) is a dApp built on LayerZero, designed to allow DeFi users to transfer assets with enhanced security features, inexpensive bridging fees, and fast transactions. Altitude have confirmed they will launch its $ALTD token as well as an airdrop when their mainnet launches!

    See: Altitude ($ALTD) Token Airdrop Guide

    Use Dexalot

    Dexalot is a decentralized exchange that uses LayerZero as its default bridge provider. To use Dexalot, you will need to have ETH on the Arbitrum network and AVAX on the Avalanche network. Connect your wallet to Dexalot and go to the “Portfolio” tab, making sure you are on the Avalanche network. At the bottom of the page you will see a list of your tokens, select AVAX and click the 3 points on the right hand side. On the popup window, deposit some AVAX onto Dexalot. Note however depending on the amount of AVAX deposited, it may cost more gas fees to withdraw than the amount itself. So you may need to consider it as a loss for the sake of interacting with Dexalot.

    Interact with Abracadabra

    Abracadabra is intergrated with Layer Zero and allows users to borrow, leverage or earn yield. To interact with Abracadabra, you will need to have their native $MIM token. $MIM can be purchased on several decentralized exchanges such as Uniswap, Sushiswap or Trader Joe. Make sure you are on the Avalanche network, or you will have to first bridge your $MIM tokens there. Back on Abacadabra, send one $MIM token from Avalanche to Arbitrum network. If you don’t want to keep your $MIM tokens, you can proceed to sell it for ETH on Arbitrum.

    Use SteakHut Finance

    SteakHut Finance is a yield optimization protocol that has integrated with LayerZero to launch $STEAK as an omnichain token. On SteakHut, $STEAK will be abe to be bridged across Avalanche, Arbitrum and eventually other blockchains on a 1:1 ratio. To use SteakHut, you will need to buy $STEAK tokens on the Avalanche Network. Note that currently only Trader Joe offers $STEAK tokens. Afterwards, connect your wallet to SteakHut and go to the “Bridge” tab. Send your $STEAK tokens to Arbitrum. You can also send your $STEAK tokens in reverse i.e. from Arbitrum to Avalanche networks. This would increase the number of interactions you have with SteakHut, which may put you in a better position for any potential airdrop. Note that you will need to pay gas fees in AVAX.

    Interact with Mummy Finance

    Mummy Finance is integrated with LayerZero and lets users trade BTC, ETH, FTM, OP, ARB and other cryptocurrencies with up to 100x leverage. To interact with Mummy Finance, you will first need to buy some of their native $MMY tokens on the Arbitrum network here. Then, go to Mummy bridge and bridge your tokens from the Arbitrum to Fantom network. Note it may cost more gas fees transfer back or sell your $MMY tokens. Therefore, you may need to consider it as a loss for the sake of interacting with Mummy Finance.

    Interact with other dApps on LayerZero

    You can also interact with other dApps on LayerZero including Holograph, Mugen Finance, Radiant Capital, Omni X or Angle Protocol. You can make small transactions, deposit funds, provide liquidity, swap assets etc. By actively and consistently using the ecosystem, it is highly likely LayerZero will reward users who genuinely interact with the ecosystem.

    source: TokenHunter

    Get roles on the Stargate Guild

    Here’s how to get roles on the Stargate Guild:

    1. Connect your Ethereum wallet to https://guild.xyz/stargate.
    2. To get the veStaker role, hold at least 25 $veSTG. To do this, buy at least 25 $STG on exchanges such as Bybit, Binance, or Uniswap. Then, stake your $STG here to get $veSTG. For detailed instructions see above.
    3. To get the 100 STG role, you will need to hold at least 100 $STG. Note that staked $STG does not count.
    4. To get the 1k LP Farmer role, supply at least $1,000 of USDC, USDT or BUSD on Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism or Fantom (not Metis) to receive LP tokens.

    How to claim the LayerZero ($ZRO) token airdrop?

    Here’s how to claim the LayerZero ($ZRO) token airdrop:

    • Connect your wallet or paste your wallet address to https://layerzero.foundation/claim to check your eligibility.
    • To claim the LayerZero ($ZRO) token airdrop, those who are eligible must donate US$0.10 in USDC, USDT or native ETH per $ZRO. This is known as LayerZero’s Proof-of-Donation mechanism. Donations would go to the Protocol Guild.
    • Users can claim from the following chains: Ethereum, Arbitrum, Optimism, Base, Polygon, BNB Chain, and Avalanche.
    • Once claimed, $ZRO holders can transfer their tokens via the above chains using Stargate.

    LayerZero Airdrop Review

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

    Likelihood of Airdrop: The LayerZero token airdrop is available to claim from 20th June to 20th September 2024.

    Airdropped Token Allocation: 85 million $ZRO are available to claim.

    Airdrop Difficulty: To be eligible for the LayerZero token airdrop, users could submit unique proposals for LayerZero or provided multiple ongoing transactions on the protocol.

    Token Utility: The LayerZero ($ZRO) token acts as a governance token, and to facilitate transactions across different blockchain networks.

    Token Lockup: The token will be unlocked on launch. However, those who are eligible for the airdrop must donate US$0.10 per $ZRO to claim the token

  • Tensor ($TNSR) Token Airdrop Guide

    Tensor ($TNSR) Token Airdrop Guide

    Tensor is a Solana-based NFT marketplace that offers a unique fee structure to its users, similar to Blur on Ethereum. The Season 3 airdrop has ended and Tensor ($TNSR) tokens are available to claim. This is our Tensor ($TNSR) token airdrop guide.

    Tensor Airdrop Step-by-step Guide

    Here’s how to receive a potential Tensor token airdrop:

    1. Bidding, listing, and market-making on more popular NFT collections.
    2. Bidding and listing closer to the floor price.
    3. Keeping your bids and listings active as long as possible.

    See below for more details

    What is Tensor?

    Tensor is an NFT marketplace on Solana that provides better coverage, more data, and advanced order types. With a 1% taker fee and no maker fee, users can create listing, bidding, and market-making orders without incurring any charges.

    Moreover, Tensor pays full royalties on specific collections, while applying a 0% royalty rate on others. When purchasing a listed item or instantly selling to a bid, users pay the enforced royalties during the checkout process. It’s important to note that Tensor may adjust its fees and royalties in the future.

    Does Tensor have a Token?

    The Tensor ($TNSR) token is their governance token. It is used by the community to manage key parameters of the Tensor Protocols. Tensor token holders are also entitled to discounts when trading on Tensor’s protocols. Listings created in $TNSR also have a 25% reduction in protocol fee. As for their tokenomics, the team have confirmed in their FAQs that 12.5% of the Tensor token supply will be distributed in an initial airdrop.

    How to Claim Season 3 Airdrop

    Connect your wallet to the Tensor airdrop claim page HERE. Your airdrop allocation will automatically be displayed on the page. The airdrop claim will be available until 5th October 2024. The Treasure Boxes have also all been opened and the $TNSR released.

    How to Qualify for the Tensor Season 2 Airdrop?

    To qualify for the Tensor Season 2 airdrop, there are three criteria: bidding, listing, and market-making. These three activities must be done on TensorSwap only, and you can earn more points by doing the following:

    1. Bidding, listing, and market-making on more popular NFT collections.
    2. Bidding and listing closer to the floor price.
    3. Keeping your bids and listings active as long as possible.

    Market-making is perhaps the easiest of the three options, as any bid that is accepted will be automatically converted into a listing, and any listing that is accepted will be automatically converted into a bid. As an added bonus, you can earn fees in the process!

    But if you are bidding and listing on TensorSwap and they are taken, it will stop earning points. Additionally, it is important to note that the following actions won’t earn you any points:

    1. Bidding and listing too far away from the floor price.
    2. Bidding and listing on obscure NFT collections.
    3. Wash trading (buying and selling NFTs to themselves).

    Tensor season 3 airdrop eligibility criteria

    Tensor season 3 airdrop participants will be distributed Treasure Boxes. These Treasure Boxes contain an amount of Tensor ($TSNR) tokens proportional to the users’ use of Tensor’s protocols.

    How to get the Tensor ($TNSR) season 4 airdrop

    How to get the Tensor ($TNSR) season 4 token airdrop

    1. Bid

      Connect your Solana wallet (e.g. Phantom wallet) to https://www.tensor.trade/. Find an NFT collection you would be interested in and click. Choose the NFT you wish to buy or bid. As you may earn more points for more trades, it is recommended to so several trades.

    2. Sell NFTs

      To list NFTs on Tensor, go to the “Sell” tab. You have the option to choose “Sell now,” which allows you to immediately sell any NFTs you own for SOL if there is an open collection-wide bid. To quick sell, hover over the NFT and click “sell”, then confirm the transaction. Another option is the bulk sell mode. To bulk sell, use the slider or click on the NFTs to select which ones you wish to sell. Click on the “Sell” button which will also show you your total sell proceeds, and confirm the transaction.

    3. List NFTs

      Listing NFTs on Tensor has 2 main benefits. First, the total fees are capped at 1.4% taker fee plus royalties if enforced. Secondly, you can sell on Bonding Curves. This means you can sell the 1st NFT for X SOL, the 2nd NFT for X + Y SOL, and the 3rd NFT for X+2Y SOL etc. This allows you to receive more for your NFTs as the price increases automatically.

      To list on Tensor, click on the “List” tab. Set the number of NFTs you would like to list for sale, you can choose between listing in bulk by using the slider or select each NFT individually from the gallery. Then, specify the starting price i.e. the price you want to sell your 1st NFT for. You can then specify the “increase by” or “delta”, which is the amount of price increase after each NFT purchase. For example, if you set the starting price for the NFT at 4.5 SOL and specified an increase of 0.5 SOL, the first NFT sale will occur at 4.5 SOL, the second at 5.0 SOL, the third at 5.5 SOL, and so on until all the NFTs have been sold. Before signing the transaction, the system will display the exact amount of SOL you would receive if you were able to sell all the NFTs you are listing.

    4. Market-make

      To market-make on Tensor, toggle to Pro Mode at the bottom of the TensorSwap interface. Then, click on the “Trade” tab on the top left hand corner, then go to the “Market-make” tab. Set the maximum number of NFTs you want to buy initially and deposit enough SOL to cover this purchase. Select the NFTs from your wallet that you are willing to sell and set the starting price. The starting price is the price you intend to start selling your first NFT and will be the benchmark for subsequent price changes. Set the price change mechanism, i.e. the amount of price change (in SOL or %) after each buy or sell transaction. Next, set the desired fee, this is the fee percentage you wish to earn from the spread between the buy and sell prices. Check the summary to see the amount of SOL needed for buying NFTs and your potential earnings from selling your NFTs. Finally, sign the transaction in your wallet and send your market-making order to star trading.

      Note, be aware of impermanent loss and do not deposit rare NFTs into market-making orders.

    5. Use price lock

      Tensor’s price lock feature allows users to “lock-in” a buy or sell price for 7 days. With price locks, you can either be the taker (i.e. to buy the price lock) or a maker (i.e. to fund the price lock).

    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: Tensor has confirmed a Season 2 airdrop and is now live.

    Airdropped Token Allocation: 12.5% of the Tensor token supply will be distributed in an initial airdrop.

    Airdrop Difficulty: It is recommended to position yourself for this airdrop only if you have experience trading Solana NFTs. This is because you will be trading with real NFTs and funds.

    Token Utility: The Tensor team has not yet published details of the token’s utilities. But it is likely to be similar to Blur, used for governance of the marketplace.

    Token Lockup: No tokenomics available yet.

  • Venom ($VENOM) Token Airdrop Guide: 25 March listing!

    Venom ($VENOM) Token Airdrop Guide: 25 March listing!

    Venom Foundation have launched a $1 billion fund to invest in Web3 and blokchain firms. And is launching a layer-0 blockchain that will function as the main infrastructure for a global ecosystem of Web3 applications. According to their whitepaper, 22% of the initial token supply will be allocated to the community. This is very likely to be an airdrop to early users. Venom has launched their mainnet on 18th March 2024 and their $VENOM token will be listed on 25th March 2024! Here is our Venom token airdrop guide.

    Check out our video on the latest news and predictions for the upcoming potential Venom token airdrop!

    https://www.youtube.com/watch?v=fl_Sz53_038

    What is happening to Venom?

    On 16th December 2023, Venom Foundation announced on Twitter as of 14th December 2023, they will no longer continue operating in ADGM (Abu Dhabi Global Market). Therefore, Venom Foundation will begin the dissolution process. They have however, mentioned that they are open to exploring future opportunities within ADGM. However, it does mean that it is unlikely there will be a Venom airdrop in the foreseeable future.

    Step-by-Step Venom Testnet Guide

    What is Venom Foundation?

    Venom Foundation is a new layer-0 blockchain that envisions a global economy built on decentralized, blockchain-based, financial systems. They are a new player in the financial application-specific blockchain (appchain) space, offering real-world assets (RWA) with the transparency of a blockchain. They are fully regulated by financial authorities in Abu Dhabi.

    The architecture of Venom Foundation is essentially a modular blockchain that is built on its own Threaded Virtual Machine (TVM). This allows for the efficient execution of smart contracts through an asynchronous communication model as well as dynamic sharding.

    In theory, the Venom blockchain can handle interactions between accounts more effectively than EVM-based networks, allowing for greater parallelism and reduced delays. As the network experiences heavy loads, validators divide into parallel groups and handle transactions through “split events.” As such, their mission is to be the infrastructure for the next generation of digital services and products.

    Does Venom Foundation have a Token?

    $VENOM, the native currency of the Venom blockchain, serves multiple purposes. It is used to pay transaction fees, which helps maintain the network and compensate validators. Additionally, it secures the network through a proof-of-stake mechanism and allows network participants to support validators via DePools staking.

    According to their whitepaper, the $VENOM token has no fixed maximum supply. It has an inflationary model, with a projected annual inflation rate of 1%. However, the Venom Foundation is exploring ways to transition to a deflationary model. It is worth noting that 22.0% of the tokens will be allocated towards the community, and 10% will be unlocked at TGE.

    Venom have confirmed their $VENOM token will be listed on 25th March 2024 on Bybit, OKX, MEXC, gate.io, Poloniex and Web3.world.

    Sign up for Bybit here!

    How to Get $VENOM Token Airdrop?

    The best way to get the $VENOM airdrop is to interact with the Venom Network Testnet. Here’s a step-by-step guide:

    1. Create a Venom Wallet

      Go to the Venom Network Testnet, and install a Venom Wallet (Chrome users can download here). Pin the wallet to your Google Chrome Extension at the top right.

      Connect your Twitter account to your Venom wallet to claim 50 testnet $VENOM tokens.

    2. Claim Testnet $VENOM Tokens

      Go to the Task page and log in with your Venom Wallet. Connect your wallet, Twitter account and follow Venom Foundation to claim 50 testnet $VENOM.

      You can also claim additional testnet tokens by completing other tasks on the Faucet page. You will be required to complete various tasks to claim additional testnet Venom.

    3. Complete Venom Foundation tasks

      On the task page, follow Venom Foundation on Telegram and subscribe to their YouTube Channel. Once that’s done, you can claim your NFT by clicking “Mint NFT”.

    4. Complete Venom Wallet tasks

      Go to the task page. Send at least 1 VENOM token to 0:077873f1453fa67b0f1ce77f1e806675acd19c4694b9738be61fd406618f2f7a. Then, click “Mint NFT”.

    5. Complete Web3.World tasks

      On the task page, join the Web3.World Telegram Channel and swap any token available on testnet.web3.world to any other tokens. Then mint the NFT.

    6. Use Venom Bridge

      Go to the task page. Join the Venom Bridge Telegram channel. Then, transfer tokens from Venom to EVM chains. First, go to https://testnet.venombridge.com/bridge and connect your Venom and EVM (e.g. Metamask) wallets. In the “From” and “To” fields, select “Venom Testnet” and “Binance Smart Chain” respectively. Select the amount of Venom tokens you want to transfer and turn off the “Swap TVENOM to pay BSC gas” option. Click “Continue”, then approve the transaction. Then, go to the “History” tab, click “Only My” and find that transaction. Click on the transaction and “confirm” to release transfer in Binance Smart Chain. Afterwards, do the transaction in reverse, i.e. swap from Binance Smart Chan to Venom Testnet.

    7. Claim Snipa Finance NFT

      Go to the task page and complete the tasks to claim your free Snipa Finance NFT! Full guide here.

    8. Stake Venom

      Go to the task page. Connect your Venom wallet to https://testnet.venomstake.com/. Then choose the amount you wish to stake and click “Stake”. You can also unstake your Venom at any time by going to the “Unstake” tab, choosing the amount you wish to unstake and clicking “Unstake”. On the task page, click “check”, you may need to wait a few minutes after the task has been completed before the checking will be sucessful. Finally, mint the NFT.

    9. Trade NFTs on Oasis Gallery

      Find the instructions on the task page. Oasis Gallery is a NFT marketplace on Venom. Buy any NFT on Oasis Gallery here. Click on the NFT you wish to buy, connect your Venom wallet, click “Buy now” and confirm the transaction. Then go back onto the task page and click “Check”. Now, list your NFT for sale on Oasis Gallery by going to their website and going to the “My NFTs” tab. Click on your NFT and “Put for sale”. Choose your sale price and confirm the transaction. Return to the task page and click “Check” and finally, mint your NFT.

    10. Complete VenomPad tasks

      Go to the task page. Follow and Tweet about VenomPad. Click “Check” once each of the the tasks have been completed. Mint the NFT.

    11. Buy NFT on Nümi

      Go to the task page. Watch the video, tweet about Nümi and buy any NFT on Nümi.

      If you made a Venom Wallet before June 2023, you should receive Nümi token airdrops. Click the refresh button at the bottom part of your wallet to see it. If you don’t have any Nümi tokens, you can swap them at Web3.World with VENOM tokens. Once you have some Nümi tokens, you can buy an NFT on the Nümi Marketplace after signing up for an account. Finally, mint the NFT.

    12. Mint Ylide NFT

      Go to the Ylide task page. Post about Ylide on Twitter. Then, connect your Venom wallet to https://hub.ylide.io/feed/venom and post an on-chain message. Finally, mint your Ylide NFT.

    13. Complete Gravix tasks

      Go to the task page. Follow Gravix on Twitter. Then, connect your Venom wallet to https://app.gravix.io/ and open a long/short position. However, you will need USDT to open a position. If you do not have any USDT in your Venom wallet, go to https://testnet.web3.world/swap and swap some $VENOM for $USDT first. Lastly, mint your NFT.

    14. Collect Qamon NFT

      Go to https://venom.network/tasks/qamon. Follow Qamon on Twitter and send an on-chain mail on https://app.qamon.io/. Then, mint the NFT.

    15. Burn Venom

      Go to the Venom Burn task page. Follow Venom Burn on Twitter. Then, go to https://testnet.venomburn.com/ and burn any amount of VENOM for any project. Mint your NFT.

    16. Complete OneArt tasks

      Go to the OneArt task page. Follow OneArt on Twitter. Then, download the OneArt mobile app here and import your Venom Wallet using your seed phrase. If you have at least 3 VENOM, a window will pop up asking you to Mint your NFT, click “Mint”. Once you have minted your OneArt Welcome NFT, go back to the task page and mint your other NFT.

    17. Complete Valicit tasks

      Go to the Valicit task page, follow Valicit on Twitter, buy a ticket and mint their NFT.

    18. Wrap $VENOM tokens

      Visit the Swap page. Choose VENOM and WVENOM tokens, and the amount. Then click “Wrap VENOM” and approve your transaction.

    19. Provide liquidity

      Go to “Liquidity Providing” and click “Add Liquidity”. Then, connect pool and approve the transaction, set the amount you wish to add and continue. Next, deposit your tokens and confirm the transaction in the wallet. Then, click “Supply tokens” and approve the transaction.

    20. Deposit into farming pools

      Go to the “Farming” tab, choose the USDT/WVENOM pool. Then, enter the amount you want to deposit and select the lock-up period. Click the deposit button and approve the transaction in your Venom Wallet when prompted.

    21. Complete Everplay tasks

      Go to the Everplay task page. Follow @everplaygg on Twitter. Then, buy a Venom Pass for 0.05 $VENOM (note this is testnet Venom and won’t require you to use real funds). Finally, mint your NFT.

    22. Complete Chainspot tasks

      Connect your wallet to the Chainspot task page. Follow @chainspotIO on Twitter. Then, connect your Metamask wallet to Chainspot (make sure you are connected to BSC Chain) and click “Claim” in order to Claim 10 $CST tokens. Transfer any amount of CST tokens from BSC Chain to Venom Testnet. Finally, mint your NFT.

    23. Complete Segmint tasks

      Go to the Segmint task page. Follow @segmintapp on Twitter. Next, mint any segment on segmint.app by finding an empty seat and clicking “Mint segment”. This will cost 0.49 testnet $VENOM. Finally, mint your NFT.

    24. Post screenshot and wallet address on Venom Discord

      Post a screenshot of your NFT achievements together with your wallet address on the Completed-tasks channel on Venom’s Discord.

    25. Complete Ventory tasks

      Go to https://venom.network/tasks/ventory. Follow Ventory on Twitter and mint a NFT on https://ventory.gg/ino/ventoryonvenom. Finally, mint the Ventory NFT.

    26. Complete tasks and collect NFT rewards

      Connect your wallet regularly to https://venom.network/tasks. Complete any new tasks, there will be more coming soon! Since the tasks are relatively easy to complete, we believe that users may have to collect all 24 NFTs in order to qualify for the Venom token airdrop.

    27. Where can I trade $VENOM tokens?

      $VENOM tokens can be traded on Bybit, OKX, MEXC, gate.io, Poloniex and Web3.world.

      Sign up for Bybit here!

    How to mint Venom NFTs

    You can mint Venom NFTs as rewards for using the Venom testnet and represent your engagement with the ecosystem. They could be the key to getting airdrop rewards in the future! Here’s a step-by-step guide:

    1. Go to https://venom.network/tasks, and click “Complete tasks”. Follow Venom Network on Twitter and tweet about the Venom Testnet. Then click “Mint” to mint your Venom NFT.
    2. You will then need to send any amount of Venom tokens to their address. Once you have done so, click “Check” and you can now mint your NFT.

    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: Based on recent events, Venom Foundation is unlikely to do an airdrop.

    Airdropped Token Allocation: 22% of the initial token supply will be allocated to the community. However, it is unlikely that Venom would do an airdrop.

    Airdrop Difficulty: The Venom Testnet page is very UI-friendly. It shows you the tasks you can complete for each DApp!

    Token Utility: $VENOM will be used to pay for transaction fees to maintain the network by validators, secure the network through proof-of-stake mechanisms, and support validators by network participants through DePools staking.

    Token Lockup: Of the initial supply of 7.2 billion $VENOM, 15.5% will be available to use, while 84.5% will remained locked. The locked tokens include 10% of the initial supply as a stake of early validators. However, it is unlikely that Venom would do an airdrop.

  • Celestia ($TIA) Token Airdrop Guide: How to get season 2 airdrop?

    Celestia ($TIA) Token Airdrop Guide: How to get season 2 airdrop?

    Celestia is one of the hottest modular blockchain projects in 2023. Their first airdrop, known as the Genesis Drop, is currently LIVE! And their tokenomics suggests that there are more airdrops to come! In this article, we will explain what Celestia is and how to position yourself for their $TIA token airdrop.

    Celestia Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Celestia token airdrop:

    1. Set up a development environment.
    2. Install Celestia Node.
    3. Install Docker.
    4. Install Celestia App.
    5. Set up and run a node on the Celestia network. 

    See below for more details.

    What is Celestia?

    Celestia is a modular blockchain network that simplifies the process of deploying a blockchain. They achieve this by separating the consensus and application execution layer. In essence, Celestia provides a pluggable consensus layer, which is usually the hardest part of deploying a blockchain because of the massive computational overhead it requires. As a result, users can focus on deploying execution layers and building decentralized applications (DApps) with this feature.

    How is it Different from Traditional Blockchains?

    Celestia scales differently compared to traditional blockchains like Ethereum. Traditional blockchains have a monolithic architecture where all nodes perform execution, consensus, and data availability. These nodes, responsible for storing the entire blockchain history, become more costly to operate as the blockchain data grows over time.

    On the other hand, Celestia has a modular architecture where the consensus and data availability layers are separated from the execution layer. This decoupling allows nodes to execute specific transactions, rather than all transactions, resulting in increased scalability.

    Additionally, Celestia uses novel Data Availability Sampling (DAS) technology, which enables light nodes to prove consensus without downloading the entire blockchain and retaining security, thus allowing for bigger blocks and a larger number of transactions, resulting in further scalability improvement.

    Who is the Team behind Celestia?

    Celestia was co-founded in 2019 by Mustafa Al-Bassam (CEO), Ismail Khoffi (CTO), and John Adler (CRO). They have a large team of blockchain veterans who worked for large Web3 projects and organizations such as Ethereum, ConsenSys, Cosmos, Harmony, and Chainspace. In October 2022, Celestia successfully raised $55 million in a combined Series A and B round led by Bain Capital Crypto and Polychain Capital, putting the company’s valuation at $1 billion.

    Does Celestia have a Token?

    Yes, Celestia has its $TIA token that will be used to secure the network via proof-of-stake and pay transaction fees on the network. Additionally, the token will have a fee burn mechanism similar to EIP-1559 in Ethereum, so that burned fees will offset new token issuance as the network gains adoption. According to their documentation, 7.4% will be allocated to the public during their Genesis Drop & Incentivized Testnet, which is currently ongoing. 12.6% however will be allocated towards Future Initiatives which suggests they may do more airdrops in the future!

    How to Receive Potential Celestia $TIA Token Airdrop?

    The best chance to receive Celestia airdrop is to run a node on their testnet, similar to Aptos node validators. There are currently two testnets that are live: Arabica Devnet (for developers) and Mocha Testnet (for validators). According to their roadmap, we are approaching the “2023 Incentivized Testnet” phase on the road map, just before the mainnet launch. However, the incentivized testnet is not the same as the two live testnets. But it is worth a shot to try and set up a node as it could potentially include us in the snapshot. Here’s how to set up a node and get a potential Celestia token airdrop:

    1. Set up a development environment. Set up your development environment to run any Celestia software, which can be used for development, building binaries, and running nodes. Go to docs.celestia.org/nodes/environment for the complete guide.
    2. Install Celestia Node. Install the Celestia Node to be compatible with either the Mocha Testnet or Arabica Devnet. It is also another prerequisite before you can run a node. Go to docs.celestia.org/nodes/celestia-node for the complete guide.
    3. Install Docker. Docker is an open platform for developing, shipping, and running applications. You will need to run Celestia Node using Docker. Go to docs.celestia.org/nodes/docker-images for instructions.
    4. Install Celestia App. This is the last step of the prerequisites before running a node. You will need to install the Celestia App, which is a binary file that will be used to run the node. Go to docs.celestia.org/nodes/celestia-app for the steps.
    5. Set up and run a node on the Celestia network. There are several options for you to choose. If you are a beginner, we highly recommend getting started with running a Data-Availability Light Node.

      Consensus:
      Validator Node: This type of node participates in consensus by producing and voting on blocks.
      Consensus Full Node: A Celestia-App Full Node to sync blockchain history.
      Data Availability:
      Bridge Node: This node bridges blocks between the Data-Availability network and the Consensus network.
      Full Storage Node: This node stores all the data but does not connect to Consensus.
      Light Node: Light clients conduct data availability sampling on the Data Availability network.

    What are the eligibility criteria for Celestia $TIA airdrop?

    Celestia have just announced their airdrop eligibility criteria. The criteria are in 4 major categories as follows:

    • Research and public goods: These are public GitHub contributors to key protocol infrastructure, public goods, and ETH Research.
    • Early modular ecosystem: These are public GitHub contributors to rollups and key modular infrastructure.
    • Early adopters, Ethereum rollups: These are the top 50% of active users of the top 10 rollups by TVL on L2 Beat as of 20th April 2023 with a balance of $50 during the snapshot taken on 1st January 2023.
    • Stakers & IBC Relayers, Cosmos Hub & Osmosis: These are stakers with at least $75 and IBC relayers on Cosmos Hub and Osmosis based on a snapshot taken on 1st January 2023.

    How do I claim Celestia airdrop?

    Celestia airdrop can be claimed from now until 17th October 2023 at 12:00 UTC. Those who are eligible can claim their Celestia airdrop by adding their address to the Celestia genesis block at https://genesis.celestia.org/. Tokens will then be automatically sent to the wallet.

    How to get a potential season 2 airdrop?

    The Celestia Genesis Drop saw 7.4% of the $TIA token supply being airdropped to the public. Their documentation however, states that 12.6% will be allocated towards Future Initiatives which suggests they may do more airdrops in the future! Here’s how you can get a potential season 2 airdrop:

    1. Donating on Gitcoin
    2. Interacting with their protocol and ecosystem.

    Where can I trade Celestia $TIA token?

    Celestia $TIA token launched on 1st Novemeber 2023 and is available for trading (TIA/USDT trading pair) on the following exchanges: Bybit, Binance, OKX, Gate,io and Bitget. As at the time of writing, $TIA prices are up 22.2%!

    EXCLUSIVE OFFER– 3 lucky winners that deposit 100 USDT and make 1 trade can join our iPhone 15 Pro Max 512 GB lucky draw! SIGN UP HERE

    Start trading! Check out our Bybit Exchange Guide and Review

    How to claim AltLayer airdrop for Celestia $TIA token stakers?

    AltLayer announced details of their Airdrop Season 1. A total of 300 million $ALT tokens (i.e. 3% of the total supply) will be airdropped. The snapshot was taken at 12:00:11 on 17th January 2024 (UTC), and the AltLayer airdrop will be available to claim from 25th January to 25th February 2024. Of the $ALT tokens to be airdropped, 9.92% (i.e. 29.76 million) $ALT will be airdropped to Celestia Stakers.

    However, due to technical issues, the AltLayer airdrop to $TIA stakers will only be available to claim at a later time. The AltLayer and Celestia teams are currently working together on an airdrop portal for TIA stakers. So stay tuned to AltLayer’s social media channels for further updates.

    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: Celestia’s first airdrop, known as their Genesis Drop is currently live. And with 12.6% of their token supply being allocated towards Future Incentives, there’s a good chance there will be more airdrops to come!

    Airdropped Token Allocation: 7.4% of the $TIA token supply will be allocated to the public during their ongoing Genesis Drop & Incentivized Testnet. 12.6% however will be allocated towards Future Initiatives which suggests they may do more airdrops in the future!

    Airdrop Difficulty: Since it is very likely that running a node can qualify you for an airdrop, the steps involved are quite technical and difficult.

    Token Utility: The token will be used to secure the network via proof-of-stake and pay transaction fees on the network.

    Token Lockup: $TIA tokens which will be distributed under the public allocation will be fully unlocked at launch.

  • Polygon zkEVM (MATIC) Token Airdrop Guide: LIVE NOW!

    Polygon zkEVM (MATIC) Token Airdrop Guide: LIVE NOW!

    Polygon recently launched its own zkEVM mainnet, and co-founder Sandeep Nailwal hinted on Twitter that there could be a MATIC airdrop for users! In this article, we will briefly explain what Polygon zkEVM is and what you can do to position for a potential airdrop.

    Polygon zkEVM Airdrop Step-by-Step Guide

    Here’s how to get the Polygon zkEVM Airdrop:

    1. Add Polygon zkEVM to MetaMask
    2. Bridge to Polygon zkEVM
    3. Interact with Polygon zkEVM DApps
    4. BONUS: trade on Satori Finance
    5. DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs

    See below for more in-depth details!

    What is Polygon zkEVM?

    Polygon zkEVM is a Layer-2 scaling solution for Ethereum that leverages the scaling power of zero-knowledge proofs while maintaining Ethereum compatibility, similar to zkSync and Linea. Developers and users on Polygon zkEVM can use the same code, tooling, and apps that they use on Ethereum, but with much higher throughput and lower fees. This allows Ethereum-based DApps to scale more efficiently, which is critical for mass adoption of DeFi.

    What’s the Difference Between Polygon zkEVM and Polygon?

    The original Polygon functions as a sidechain that runs parallel to the Ethereum mainnet, whereas Polygon zkEVM uses a ZK-Rollup architecture that is built on top of Ethereum. The key distinction is that Polygon is EVM compatible but Polygon zkEVM has total EVM equivalence. The latter is focused on being a near-perfect replica of Ethereum’s execution environment, which means it uses ETH instead of MATIC for gas fees.

    Is There an Airdrop for Polygon zkEVM?

    Yes, it is very likely there will be an airdrop for Polygon zkEVM users. Sandeep Nailwal, co-founder of Polygon, strongly hinted on Twitter that there will be a huge MATIC airdrop for zkEVM users. He also compared the current development of Polygon zkEVM to Arbitrum, which took more than a year to mature. This means that we are currently at the early stage, allowing users plenty of time to perform on-chain activities that would qualify them for the airdrop!

    How to Get the Polygon zkEVM Airdrop?

    The best way to get the MATIC airdrop is to interact with the Polygon zkEVM mainnet. Here’s a step-by-step guide:

    1. Add Polygon zkEVM to MetaMask

      Go to ChainList and add Polygon zkEVM to MetaMask. It is launched on Mainnet Beta, which means you will need ETH for gas fees.

    2. Bridge to Polygon zkEVM

      If you have funds on the Ethereum network, you can bridge ETH from Ethereum to Polygon zkEVM via the Native Bridge.

      Alternatively, if you have funds on Arbitrum and/or gas fees are too high, you can also use other third-party bridges recommended by Polygon, such as Orbiter Finance. Using Orbiter Finance, in particular, refunds 60% to 70% gas fees back to you.

    3. Interact with Polygon zkEVM DApps

      Here are the top DApps in Polygon zkEVM ranked by total value locked (TVL). Try to perform transactions consistently every week as frequency of smart contract interaction is an important criterion to qualify for the airdrop:

      Decentralized Exchanges (DEXs):
      1. Quickswap
      2. Kokonut Swap
      3. Dove Swap
      4. Mantis Swap

      Lending Protocol
      1. 0vix

    4. Interact with Quickswap

      Here’s how to interact with Quickswap. First, connect your wallet to Quickswap Exchange. Make sure you have switched the network on Polygon zkEVM. Then, go to the Swap section and (1) Swap ETH for USDC; and (2) Swap the same amount of ETH for WETH. Afterwards, go to their Pool, select ETH and USDC tokens as the token pair, approve the tokens and add liquidity.

    5. Interact with Kokonut Swap.

      Here’s how to interact with Kokonut Swap. First, connect your wallet to Kokonut Swap. Make sure you have switched the network on Polygon zkEVM. Then, go to their Swap page and swap ETH to USDC.

    6. Interact with Dove Swap

      Here’s how to interact with Dove Swap. Connect your wallet to Dove Swap and make sure you are on the Polygon zkEVM network. Then, swap ETH for USDT.

    7. Interact with Mantis Swap.

      Interact with Mantis Swap by going to their website. Then, connect your wallet and make sure you are on the zkEVM network. Finally, swap USDC to USDT.

    8. Interact with 0vix

      To interact with 0vix, connect your wallet to their website and make sure you are on the Polygon zkEVM network. On the Supply Markets, supply a small amount of ETH and click “Supply”.

    9. BONUS: Trade on Satori Finance

      Satori Finance is a protocol on Polygon zkEVM (as well as zkSync, Linea and Scroll). To trade on Satori Finance, connect your wallet to https://satori.finance/, making sure that you are on the Polygon network. Then, go to “Portfolio” and deposit some trades. Next, go to the “Trade” tab and do some trades.

    10. DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs

      Connect your wallet to the Quest Page and complete the tasks to get a free NFT. Tasks include signing messages, following social accounts and posting Tweets. Finally, click “Get your NFTs” and follow the instructions on your wallet to mint your free NFT. Note you will need to pay gas fees in ETH

    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: Although not confirmed, it is very likely there will be a MATIC airdrop for Polygon zkEVM users, according to Sandeep Nailwal.

    Airdropped Token Allocation: There is no confirmation on the token allocation, but Nailwal said that it would be a “massive” airdrop.

    Airdrop Difficulty: Simply bridge to Polygon zkEVM and interact with QuickSwap and other high TVL DEXes. You will need real ETH to perform these tasks.

    Token Utility: MATIC is the native token of the Polygon blockchain. Although Polygon zkEVM uses ETH for gas fees, it is likely MATIC will be airdropped as rewards.

    Token Lockup: No mentions of token lockup.

  • ZetaChain ($ZETA) Token Airdrop Guide: LIVE NOW!

    ZetaChain ($ZETA) Token Airdrop Guide: LIVE NOW!

    ZetaChain ($ZETA) is one of the top airdrop prospects to look out for in 2023, according to CoinGecko. Its testnet is live and users of the protocol can potentially qualify for one of the biggest airdrops this year. In this article, we will explain what ZetaChain is and what you can do to position yourself for the $ZETA airdrop.

    Use our invite link to sign up with their testnet (we each get 5,000 ZETA Points)!

    ZetaChain ($ZETA) Airdrop Step-by-Step Guide

    ZetaChain hinted at several ways you could get a token airdrop. Here’s how to get a potential $ZETA airdrop:

    1. Sign In ZetaChain Testnet with Twitter.
    2. Connect Your MetaMask Wallet.
    3. Request Testnet ZETA.
    4. Swap tokens.
    5. Refer to Friends with Invite Link.
    6. Claim the Zeta Supporter Discord role in the ZetaChain Guild.
    7. Complete an Omnichain ZETA-USDT swap.
    8. Claim the ZETA Beta Tester role.
    9. Complete swaps on the Galxe campaign.
    10. Claim the ZETA Assimilated role.

    See below for more details.

    What is ZetaChain?

    ZetaChain is a layer-1 blockchain that has built-in connectivity to all blockchains and their applications. It is also a smart contract platform that can manage assets, data, and liquidity on any chain, even non-smart contract chains such as Bitcoin and Dogecoin. The project has recently announced its US$27 million funding round by Blockchain.com, Human Capital and others to accelerate their goal to offer the first public EVM-compatible L1 blockchain.

    The project is still in the testing phase, but it has a lot of potential for the future. One of its main benefits is that it enables omnichain decentralized applications (odApps), which are able to access and use information and liquidity from multiple blockchains simultaneously.

    To make things even easier, ZetaChain has created a special app called the ZetaChain Swap App. This app allows users to transfer assets between any connected blockchain without having to go through a complicated process of wrapping or locking tokens. Instead, users can complete the transaction in just one step.

    Does ZetaChain have a Token?

    Yes, ZetaChain confirmed in its whitepaper that there will be a $ZETA token. The token will be used for paying gas fees, securing the proof-of-stake blockchain, and enabling cross-chain transfers, swaps, and messaging.

    Additionally, $ZETA will be issued natively across multiple layers and chains. As of now, ZetaChain has not yet published its tokenomics nor officially announced an airdrop. But its testnet is incentivized, which generally indicates an airdrop for its users. People have also noticed that ZetaChain now has a page on CoinMarketCap, is this a hint that the $ZETA token is launching soon?

    How to Receive Potential $ZETA Airdrop?

    The best chance to receive a potential $ZETA airdrop is to interact with their incentivized testnets. You can accrue ZETA points by completing various tasks, and these points will most likely translate to airdrop rewards once the token is launched. Here’s a step-by-step guide.

    1. Sign In ZetaChain Testnet with Twitter

      Use our invite link to sign up with their ZetaLabs testnet (we each get 5,000 ZETA Points!). After signing in, you will need to verify your account on Twitter.

    2. Connect Your MetaMask Wallet

      After verifying your Twitter, it will redirect you to labs.zetachain.com/swap. Connect your MetaMask and switch the Network to Goerli.

    3. Request Testnet ZETA

      Go to labs.zetachain.com/get-zeta and request some ZETA for ZetaLabs transactions. You will receive 2 ZETA and some gas assets on the Goerli, Polygon Mumbai, and BSC Testnet so you can start testing on different chains. You can only request once a day, and we recommend doing this every day.

      You can also request from ZetaChain’s faucet on their Discord channel.

    4. Swap tokens

      On labs.zetachain.com/get-zeta, swap tokens between the Goerli, BSC Testnet, Polygon Mumbai and Bitcoin Testnet networks. Do a swap once every 7 days and get 7,000 points per week! Also, as this is only testnet, it is free to participate!

    5. Refer Your Friends with Invite Link

      Click ‘Earn ZETA Points’ at the top-middle of the screen to access your referral link, which you can automatically share on Twitter or copy manually.

      For each person you invite, you’ll earn 5,000 ZETA Points, and for each weekly transaction they do, you’ll get 1,750 additional points.

    6. Claim the Zeta Supporter Discord role in the ZetaChain Guild

      Go to the ZetaChain Guild platform. The first task is to claim the Zeta Supporter Discord role. You will need to complete tasks such as getting verified on Discord and following their Twitter.

    7. Complete an Omnichain ZETA-USDT swap

      Go to the Swap page on Zetachain. Connect your Twitter and Metamask (make sure you are on the Goerli Test Network). Request testnet $ZETA tokens (you can also request testnet tokens on their Discord). Then switch to Polygon Mumbai Testnet (add network using Chainlist) and swap 3 $ZETA from Polygon Mumbai Testnet to Goerli Test Network. Finally, click “Claim” to mint your NFT.

    8. Claim the ZETA Beta Tester role

      Connect your Twitter and Metamask to https://guild.xyz/zetachain and claim the ZETA Beta Tester role.

    9. Complete swaps on the Galxe campaign

      Complete the same steps as above, but swap Goerli ETH ($gETH) to $ZETA, BTC for any DeFi asset on any chain or MATIC for ZETA using any two chains. Note you will only need to complete 1 of the 4 swaps mentioned in Steps 6 and 8 to claim

    10. Claim the ZETA Assimilated role

      Participate in either ZETA Assimilated 101 or ZETA Assimilated 201 Galxe campaign.

    11. Get a ZETA domain

      Go to https://dotzeta.me/ and enter your desired domain name.

    12. Complete token swaps on Eddy

      Go to https://app.eddy.finance/. Then, go to Zetaswap and swap between $ZETA and any other token.

    13. Mint NFTs on Dripverse

      Login to https://dripverse.org/. Go to “Build” on the top of the screen and “Mint NFT”. Complete the form and click “Submit”.

    14. Swap tokens on Aceswap

      Connect your wallet to https://aceswap.io/. Swap $ZETA to $ACE and vice versa. Optional: Complete tasks on https://app.questn.com/aceswap

    15. Send tokens to ZetaChain Safe

      Go to https://safe.zetachain.com/welcome and follow the steps to create a new account. Send $ZETA to your safe account.

    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: ZetaChain has not officially announced an airdrop, but its testnet is in the incentivized phase, which means an airdrop is very likely.

    Airdropped Token Allocation: Details of their tokenomics are not yet available.

    Airdrop Difficulty: The tasks are very simple to complete. All you have to do is make swaps on the ZetaLabs testnet, share your referral link, and complete Guild tasks for a Discord role.

    Token Utility: $ZETA will be used for paying gas fees, securing the proof-of-stake blockchain, and enabling cross-chain transfers, swaps, and messaging.

    Token Lockup: Details of their tokenomics are not yet available.

  • Polyhedra Network Token Airdrop Guide: BIG POTENTIAL!

    Polyhedra Network Token Airdrop Guide: BIG POTENTIAL!

    Polyhedra Network is building an interoperable Web3 infrastructure using zero-knowledge proof (ZKP) technology, and it is backed by the likes of Binance, Polychain Capital, and Animoca Brands. The project is in its early stages and has not yet issued a token, but it is very likely that it will do so in the future. The zkBridge Testnet is currently live, and early users have a favorable opportunity to receive future rewards. In this article, we will explain what Polyhedra is and what you can do to position yourself for the potential airdrop.

    Polyhedra Network Airdrop Step-by-step Guide

    Here’s a step-by-step guide on how to receive a potential Polyhedra Network airdrop:

    1. Claim Testnet Tokens from Faucets
    2. Create New NFTs with Polyhedra CreatorTool
    3. Import NFT to Polyhedra zkBridge
    4. Provide Feedback on Discord
    5. Complete tasks on Galxe

    See below for more details

    What is Polyhedra Network?

    Polyhedra Network is building a Web3 infrastructure that focuses on interoperability, scalability, and privacy using advanced zero-knowledge proof (ZKP) technology. The network offers secure and highly efficient solutions for transferring assets, exchanging messages, and sharing data between different Web2 and Web3 platforms.

    Project Team and Funding

    The team behind Polyhedra Network consists of leading engineers, developers, and researchers from prestigious institutions like UC Berkeley, Tsinghua University, and Stanford University. In February 2023, Polyhedra successfully raised $10 million in a strategic funding round co-led by Binance Labs and Polychain Capital. The project also received support from Animoca Brands, ABCDE Capital, Sparkle Ventures, and more.

    Does Polyhedra Network have a Token?

    Polyhedra Network has not officially announced a token launch. However, it is a blockchain infrastructure provider, so it stands to reason that it needs a token to support its ecosystem and facilitate the functioning of the platform. According to its roadmap, the team is currently focusing on integrating its bridge and decentralized identity infrastructure with other blockchain networks, and launching application programming interfaces (API) and software development kits (SDK) for developers.

    How to Receive Potential Polyhedra Network Token Airdrop?

    The best chance to receive a future token airdrop is to interact with the Polyhedra Network testnet. Here’s a step-by-step guide:

    1. Claim Testnet Tokens from Faucets

      You will need testnet tokens on different chains to cover gas fees. You can get some from these faucets: ETH Goerli Faucet, BNB Faucet, Oasis Faucet, Polygon Faucet, Avalanche Faucet, and Fantom Faucet.

    2. Create New NFTs with Polyhedra CreatorTool

      Use the Polyhedra CreatorTool to create new NFTs. Set a name and description, and select a Testnet network of your choice. You can view all created and owned NFTs on the My NFTs page.

    3. Import NFT to Polyhedra zkBridge

      Go to the My NFTs page and click on the “zkBridge” button. Select a testnet receiver blockchain of your choice and transfer the NFT. Make sure you have gas fees on the other end as well.

      Claim your NFT on the testnet receiver chain, and that’s it! Repeat the process on different testnet blockchains to enhance visibility of your on-chain activities.

    4. Provide Feedback on Discord

      Share your feedback, including wallet address, screenshots, and transaction IDs, in the “suggestions-and-support” Discord channel.

    5. Complete tasks on Galxe

      Polyhedra has a Galxe page where they have various campaigns. Completing these tasks (including those where they are partnered with other projects) may put you in a better position for any potential airdrop.

    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: Polyhedra Network hasn’t confirmed a token launch yet, but as a blockchain infrastructure provider, it likely requires a token to support its ecosystem and facilitate platform operations.

    Airdropped Token Allocation: There is no tokenomics yet.

    Airdrop Difficulty: The steps are fairly easy to follow. All you have to do is create an NFT on Polyhedra and transfer it to different testnet chains. You will need some testnet tokens to cover gas fees.

    Token Utility: There is no token yet, but it is likely it will be used for governance, ecosystem support, platform operations, and network security.

    Token Lockup: There is no tokenomics yet.

  • StarkNet ($STRK) Token Airdrop Guide: Are you eligible?

    StarkNet ($STRK) Token Airdrop Guide: Are you eligible?

    StarkNet is another major ZK-rollup player, and its mainnet is launching soon. StarkNet has just released its airdrop eligiblility critiera. In this article, we will explain StarkNet what you can do to receive its airdrop and the eligibility criteria to see if you can get their airdrop.

    Check out our zkSync Airdrop Guide and Scroll Airdrop Guide for another highly anticipated ZK-rollup airdrop.

    StarkNet ($STRK) Airdrop Step-by-Step Guide

    Here’s how to receive a potential StarkNet ($STRK) token airdrop:

    1. Set Up and Use Argent X Wallet
    2. Bridge to StarkNet
    3. Interact with 10KSwap
    4. Interact with zkLend
    5. Bridge out of StarkNet
    6. Mint an NFT on MintSquare
    7. Mint a Starknet ID
    8. Lend assets on Nostra

    See below for more details!

    What is StarkNet?

    StarkNet is a permission-free, decentralized Validity-Rollup (or “ZK-Rollup”) that works as a secondary network on top of Ethereum. This allows any decentralized application to have unlimited computational capacity without sacrificing the security and compatibility of Ethereum. This is because StarkNet utilizes STARK, the most secure and scalable cryptographic proof system. The contracts and operating system of StarkNet are coded in Cairo, which enables the deployment and expansion of any kind of business logic. StarkNet’s alpha v0.11.0 has just gone live on Testnet. The mainnet upgrade to Starknet alpha v0.11.0 will be decided by a governance vote.

    A Closer Look at ZK-STARK

    ZK-STARK (Zero-Knowledge Succinct Transparent Argument of Knowledge) is a type of zero-knowledge proof system that guarantees the accuracy and confidentiality of computations on blockchain systems through innovative cryptographic proofs and advanced mathematics. They allow blockchains to move computations through a single off-chain STARK prover, and then confirm the validity of these computations through a STARK Verifier on the blockchain network.

    Who is the Team behind StarkNet?

    StarkNet is developed by StarkWare Industries, an Israeli software company that specializes in cryptography. The company employs 70 people and has a large team of blockchain engineers. They also work with some of the top advisors in the blockchain industry including Joseph Lubin, the CEO and founder of ConsenSys, the company behind MetaMask.

    In May 2022, StarkWare successfully raised $100 million in a Series D funding round led by Greenoaks Capital and Coatue. That puts the company’s estimated value at $8 billion.

    Leading DApps on StarkNet Ecosystem

    A variety of teams and individuals are taking part in building StarkNet and its developer tools. Some of the notable ones include Alchemy, Argent, Infura, Ledger, and OpenZeppelin. Moreover, there are hundreds of DApps, services, and wallets building on the StarkNet ecosystem.

    Does StarkNet have a Token?

    Yes, StarkNet has deployed their token on the Ethereum Mainnet, with its ticker symbol as STRK. However, the tokens are not up for sale yet, as the Foundation is still determining the mechanism for distributing them. This also involves incentive mechanisms for the community, which means a potential incoming airdrop.

    When Will StarkNet Do a Potential Token Airdrop?

    Rumours are that StarkNet will do a token airdrop in early 2024. This is because other protocols in the StarkNet ecosystem such as Nostra ($NOS) and Ekubo have also confirmed they will launch a token. And it is expected that these protocols will launch their own tokens soon after StarkNet does.

    How to Receive Potential StarkNet Token Airdrop?

    The best chance to receive $STRK airdrop is to interact with their testnet. Moreover, some protocols on StarkNet also do not have a token yet. Using their DApps could put you in a position to receive their airdrops as well, allowing you to earn additional rewards!

    Here’s how to receive a potential StarkNet ($STRK) token airdrop:

    1. Set Up and Use Argent X Wallet
    2. Bridge to StarkNet
    3. Interact with 10KSwap
    4. Interact with zkLend
    5. Bridge out of StarkNet
    6. Mint an NFT on MintSquare
    7. Mint a Starknet ID

    Set Up and Use Argent X Wallet

    MetaMask does not currently support the Alpha Mainnet, so it is unable to integrate with the StarkNet Layer 2 network. The only option for using StarkNet is through the Argent X wallet. Argent X is the first wallet on StarkNet and is widely used as the main ecosystem wallet with over 400,000 users and is backed by leading investors such as Paragim, Index Ventures, and StarkWare Labs. You can install the browser extension for Argent X at Google Chrome or Mozilla Firefox. Then, create an account on Mainnet. Afterward, you can send and receive funds, discover new NFTs, and swap using Argent X.

    Bridge to StarkNet

    To be included in the snapshot, it is important to bridge funds to the StarkNet network. To do this, we recommend using Orbiter Finance. This is usually the cheapest and fastest option. It may also make you eligible for any potential Orbiter Finance airdrop.

    Check out our Orbiter Finance Token Airdrop Guide!

    You can also use StarkGate which is the official bridge built and deployed by the StarkWare team. Connect your wallet and send ETH tokens from mainnet to StarkNet. Minimal amounts should suffice as long as you frequently use the bridge.

    BONUS: Bridge funds from zkSync Era network to Starknet to position yourself for a potential zkSync ($ZKS) token airdrop too!

    Check out our zkSync ($ZKS) Token Airdrop Guide!

    Interact with 10KSwap

    10KSwap is an AMM DEX that is a fork of UniSwap deployed on the StarkNet mainnet. To be included in the snapshot, it is recommended to swap tokens frequently and provide liquidity to pools. This gives you a good chance of being eligible for the airdrop.

    Interact with zkLend

    zkLend is a money market that is native to the StarkNet ecosystem. To be eligible for the airdrop, you can try depositing and lending money to earn yields, which is similar to traditional DeFi applications such as AAVE or Compound. Additionally, zkLend is also doing their own airdrop soon. Check out our zkLend Airdrop Guide for more information.

    Bridge out of StarkNet

    You can also use another bridge to withdraw funds from StarkNet such as Orbiter Finance. This approach of utilizing two bridging platforms acts as a safety measure in the event that the airdrop covers one of them. Additionally, there’s a possibility of receiving a higher multiplier for the StarkNet airdrop by using both bridges.

    Mint an NFT on MintSquare

    MintSquare is an NFT platform integrated with both zkSync and StarkNet You can mint an NFT by uploading the supported media of any picture you want. Don’t forget to switch the network to StarkNet, not zkSync. Give it a name, some attributes, and click mint. Voilà! You have yourself a newly minted NFT on StarkNet.

    MintSquare

    Mint a Starknet ID

    Connect your Argent X wallet to https://app.starknet.id/. Choose your username and enter the details to mint your Starknet ID. Note each Starknet ID costs 0.009 ETH per year.

    Deposit assets to Nostra

    Nostra ($NOS) is a DeFi protocol on the StarkNet ecosystem that allows users to lend, borrow, and trade crypto. Nostra is at a relatively early development stage and only their lending feature is available. So, it is worth trying out this feature and following them to try other features as they are released.

    Check out our Nostra ($NOS) token airdrop guide!

    StarkNet token airdrop eligibility criteria: Am I eligible?

    StarkNet has just released their token airdrop eligibility criteria! To see if you are eligible, simply connect your wallet HERE.

    Airdrop Review

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

    Likelihood of Airdrop: The StarkNet Foundation is currently planning out the distribution mechanism for the token, which means an airdrop is likely.

    Token Allocation: The STRK token has a total supply of 10 billion, 17% of which goes to investors, 32.9% goes to core contributors, and 50.1% to the StarkNet Foundation.

    Airdrop Difficulty: The mainnet is launching soon, which means the snapshot window is closing. But there are rumors that a second snapshot will take place after the mainnet launch, so it is recommended to use the most out of the mainnet.

    Token Utility: The STRK token has three main utilities: (1) staking to participate in StarkNet’s consensus mechanisms, (2) governance and voting, and (3) paying transaction fees.

    Token Lockup: Tokens allocated to shareholders, employees, and independent software developers will have a 4 year lockup period.