Author: ronalthapa

Davos Protocol ($DGT) Token Airdrop Guide: LIVE NOW!
Davos Protocol is a new type of stable asset protocol that allows users to earn yield from staked assets with low collateral risk. Its mainnet was recently launched on Polygon, and early users could qualify for a potential airdrop. In this article, we will briefly explain what Davos Protocol is and what you can do to position for the airdrop.

Davos Protocol ($DGT) Airdrop Step-by-Step Guide

Here’s how to receive the $DGT airdrop:
1. Connect Your Wallet to Davos Protocol
2. Deposit $MATIC as Collateral
3. Stake $DAVOS to Earn $DGT
4. Deposit on Gamma Boosted Vaults
5. Provide Liquidity on Uniswap or QuickSwap
See below for more in-depth details!

What is Davos Protocol?

The Davos Protocol is a new type of stable asset protocol that solves the problem of locked-up liquidity in a sustainable way. It achieves this by using liquid staking and over-collateralization to enable a real yield extracted from liquid staking rewards for Davos stable assets on proof-of-stake (PoS) networks.

The monetary policy of Davos regulates the price stability of the stable asset $DAVOS. Through a revenue distribution system, Davos rewards liquidity providers with a stable yield. It accepts coins from multiple PoS networks as collateral to borrow $DAVOS stable assets and runs diverse low-risk strategies to generate yield from the collateralized assets. The generated yield is then redistributed to $DAVOS stakers and DEX liquidity providers.

Does Davos Protocol Have a Token?

Yes, Davos Protocol uses a dual token model consisting of $DAVOS and $DGT. $DAVOS is the stable asset backed by staked MATIC as collateral, allowing users to yield farm. On the other hand, $DGT is used for platform governance, participants incentivization, and voting on upgrades such as adding a new vault or changing protocol parameters and fees.

$DAVOS is already live and in use, but the $DGT token will launch in the future.

How to Get the Davos Protocol ($DGT) Token Airdrop?
The best chance to get the $DGT token airdrop is to interact with the Davos Protocol mainnet. Here’s a step-by-step guide:
1. Connect Your Wallet to Davos Protocol
  Connect your MetaMask or other supported wallets to the Davos Protocol app. Switch the network to the Polygon mainnet.
2. Deposit $MATIC as Collateral
  Go to the borrow page, provide $MATIC as collateral to borrow $DAVOS tokens.
  
  The Davos team recommends keeping the borrowing amount under 75% of the maximum limit to prevent loan liquidation, which could occur due to changes in the collateral’s value.
3. Stake $DAVOS to Earn $DGT
  Go to the earn page, stake your $DAVOS to earn $DGT rewards which could translate to the token when it is launched.
  
  If you unstake your tokens, you will need to repay the debt you owe in $DAVOS tokens to close your position.
4. Deposit on Gamma Boosted Vaults
  On the same page, you can deposit USDC/DAVOS pair on Gamma via Uniswap or QuickSwap.
5. Provide Liquidity on Uniswap or QuickSwap
  You can also directly provide USDC/DAVOS liquidity on Uniswap or QuickSwap.
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: Davos Protocol has not launched its $DGT token yet, but early users can potentially qualify for an airdrop.

Airdropped Token Allocation: Token allocation for airdrops is not confirmed yet.

Airdrop Difficulty: The steps are straightforward. Just provide $MATIC as collateral to borrow and stake $DAVOS. However, keep in mind that real funds are used, as it is deployed on the Polygon mainnet.

Token Utility: $DAVOS is the stable asset backed by staked $MATIC, whereas $DGT is the governance token of the protocol.

Token Lockup: There is no information on token lockup yet.
April 18, 2023
Arrakis Finance ($SPICE) Token Airdrop Guide: LIVE NOW!
Arrakis Finance is one of the largest liquidity management protocols for leading DeFi projects. The team will launch its native token, $SPICE, and has confirmed an airdrop for the community. In this article, we will briefly explain what Arrakis Finance is and how you can position yourself for the airdrop.

Arrakis Finance ($SPICE) Airdrop Step-by-Step Guide

Here’s how to receive the $SPICE airdrop:
1. Connect your wallet to Arrakis Finance
2. Provide Liquidity to Vault
See below for more in-depth details!

What is Arrakis Finance?

Arrakis Finance is a liquidity management protocol used by leading DeFi projects to bootstrap liquidity for their tokens across multiple blockchains. Some of the top DeFi projects that have adopted Arrakis vaults include Aave, MakerDAO, and Synthetix. At its peak in July 2022, the platform had $1.83 billion in total value locked (TVL).

Arrakis aims to solve pain points that many projects in web3 are facing today. Traditional Uniswap v2 automated market makers (AMM) provide a one-size-fits-all liquidity solution. While being simple, they lack efficiency and are costly to subsidize liquidity programs. Next generation AMMs like Uniswap v3 provide liquidity efficiency improvements, however at the cost of added complexity and risk to liquidity providers (LP).

The multichain landscape made liquidity increasingly fragmented and the operational overhead of managing liquidity exponentially higher. Projects are forced to spend an unnecessary amount of time and resources on complex topics such as active liquidity management, cross-chain liquidity provision, and modeling expenditures on market making programs. Arrakis solves these issues by creating a curated marketplace of novel tokenized LP strategies that facilitate deep liquidity and optimize LP earnings.

Does Arrakis Finance Have a Token?

Yes, $SPICE is a token that Arrakis Finance uses to add transparent governance and new incentive mechanisms to its protocol. The Arrakis DAO manages its tokenized strategies with its curated list of automated strategies. The protocol takes a 25% commission on fees earned from all liquidity under management as protocol revenue.

Projects get optimized liquidity without the management overhead and access to liquidity gauge emissions of $SPICE. These emissions provide additional incentives for LPs and attract liquidity to vaults. They also double as a bootstrapping mechanism for distributing governance power over the Arrakis protocol by vote locking $SPICE for non-transferable $xSPICE.

Will there be a $SPICE Airdrop?

Yes, the Arrakis team has confirmed an upcoming $SPICE airdrop on Discord, and they will announce further details soon. Moreover, if you locked $GEL tokens as part of the Gelato Network Lockdrop Program between May and June last year, you will receive $SPICE airdrops when the token launches. The Gelato Network is a web3 automation network that helped incubate Arrakis Finance.

How to Get the $SPICE Airdrop?
The best chance to get the $SPICE airdrop is to provide liquidity on the Arrakis Vaults. The protocol is live on four mainnets: Ethereum, Polygon, Optimism, and Arbitrum. So you will need real funds to qualify for the $SPICE airdrop. Here’s a step-by-step guide:
1. Connect Your Wallet to Arrakis Finance
  Connect your MetaMask or other supported wallets to the Arrakis Finance Vault page. Switch the network to Ethereum, Polygon, Optimism, or Arbitrum, depending on where your funds are located.
2. Provide Liquidity to Vault
  Select a liquidity pool you want and deposit your token pairs. Each pool has different rewards and fee tiers.
  
  If you want to minimize impermanent loss risk, stablecoin pair LPs are a safer choice.
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 Arrakis team has confirmed on Discord that there will be a $SPICE airdrop. More details to be announced soon.

Airdropped Token Allocation: The token allocation for Vault liquidity providers is yet to be determined. However, those who participated in the $GEL Lockdrop Program last year will split the 30 million $SPICE airdrop pro-rata.

Airdrop Difficulty: The steps are straightforward. You just have to provide liquidity to the Arrakis Vault. However, keep in mind that real funds are used, as it is deployed on the mainnets.

Token Utility: $SPICE is the native governance token of Arrakis Finance that adds new incentive mechanisms to its protocol.

Token Lockup: The tokenomics of $SPICE is not yet finalized.
April 17, 2023
ConsenSys Free NFT Airdrop Guide: CLAIM NOW!
ConsenSys is celebrating the upcoming Ethereum Shanghai/Capella upgrade with the launch of a new NFT collection called “Ethereum, Evolved: Shanghai”. The NFT claim period begins on April 12, 2023, at 9pm EST and lasts for 72 hours. If you have a MetaMask wallet, you can mint the open edition for free (excluding gas fee). So act fast to claim your piece of Web3 history!

Learn more about the Ethereum Shanghai (Shapella) upgrade and the road toward Ethereum 2.0 here.

ConsenSys Free NFT Claim Step-by-Step Guide

Here’s how to claim the free ConsenSys NFT:
1. Visit the “Ethereum, Evolved: Shanghai” NFT Minting Page
2. Connect Your MetaMask Wallet
3. Mint and Claim NFT
4. View NFT on MetaMask Portfolio
See below for more in-depth details!

About ConsenSys

ConsenSys is a leading blockchain technology company that focuses primarily on the Ethereum ecosystem. Joseph Lubin, an Ethereum co-founder, established it in 2014. The company aims to drive decentralized applications (dApps) and infrastructure adoption on Ethereum. It provides tools, products, and services like MetaMask and Infura to help developers, businesses, and individuals build next-gen applications and access decentralized web technologies.

ConsenSys is also a founding member of the Enterprise Ethereum Alliance (EEA). This global organization consists of various businesses, startups, research institutions, and Ethereum experts. Launched in 2017, the EEA’s primary goal is to develop open, blockchain-based standards and promote Ethereum adoption in enterprises. Through member collaboration, the EEA seeks to create best practices, architectural guidelines, and industry-specific use cases. This approach helps integrate Ethereum into the business world more effectively and securely.

About the Ethereum Shanghai/Capella Upgrade

The Shanghai/Capella upgrade is a technological milestone in the history of blockchain that will enable users to withdraw staked Ethereum assets. The upgrade is expected to have significant improvements for stakers, the Ethereum staking ecosystem, and DeFi, reducing liquidity risk and inspiring confidence in liquid staking protocols.

The upgrade will also enable Staking withdrawals, increasing the portability of stake and driving further innovation in the staking sector. Stakers will be able to evaluate different offerings based on factors such as rewards maximization, validator performance, simplicity of the user experience, and fees, and will play a critical role in preserving Ethereum’s values.

Our previous article, ‘Ethereum Shanghai Upgrade: Liquid Staking Derivatives are Coming,’ delves into the subject in depth.

How to Claim the Free ConsenSys NFT Airdrop?
You can claim your free NFT at the ConsenSys minting page. The claim window will be open for 72 hours starting from 9pm EST on April 12, 2023. Here’s a step-by-step guide:
1. Visit the “Ethereum, Evolved: Shanghai” NFT Minting Page
  Go to the “Ethereum, Evolved: Shanghai” NFT minting page, which is powered by ConsenSys.
2. Connect Your MetaMask Wallet
  In order to mint the NFT, you will need to connect your MetaMask wallet. The network is on the Ethereum mainnet.
3. Mint and Claim NFT
  Click the “Claim Your NFT” button, confirm your MetaMask address, and you will have minted yourself an NFT! The mint itself is free, but you will need some ETH to cover gas fees. You can also choose to mint again, but be careful of the gas fee.
  
  Keep in mind that the Ethereum network may get busier at times, as more people are rushing to mint the NFT. Gas fees can get higher when the network is congested.
4. View NFT on MetaMask Portfolio
  Once you claimed your NFT, you can see it in your MetaMask Portfolio under the NFTs tab. You can also trade it on OpenSea.
April 13, 2023
SpartaDex ($SPARTA) Token Airdrop Guide: Testnet LIVE NOW!
Table of Contents

Toggle
What is SpartaDex?

Does SpartaDex Have a Token?

How to Get the $SPARTA Token Airdrop?

Airdrop Review
What is SpartaDex?

SpartaDex is a unique concept of decentralized exchange with implemented gaming layer, built on Arbitrum. It allows users to build their Spartan settlement, gather resources, recruit an army and conquer barbarian territories. The yield and profits are directly related to the user’s progress through the game.

SpartaDex incentivizes liquidity providers of whitelisted pools with their native $SPARTA token. Providing liquidity to selected pairs of partner projects also rewards in the project token.

Does SpartaDex Have a Token?

Yes, SpartaDEX has a native token called $SPARTA. The project team has announced on Twitter that there will be a $SPARTA token airdrop for the community.

How to Get the $SPARTA Token Airdrop?

The best chance to get the $SPARTA token airdrop is to (1) hold a Spartan NFT and (2) interact with the app:
1. The project team has confirmed that Spartan NFT holders are eligible for future airdrops. All NFTs have been minted already, but you can purchase one in OpenSea.
2. The SpartaDex testnet is now live on Polygon Mumbai. Only whitelisted addresses are able to interact with it now (those who completed the Galxe campaign). However, its mainnet will launch on Arbitrum later this year, and it is open to the public. Those who missed the whitelist opportunity can then interact with the game for a chance to get the 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. (pascuccirestaurant.com)

Likelihood of Airdrop: SpartaDex has confirmed a $SPARTA token airdrop for Spartan NFT holders and early app users once the token is launched.

Airdropped Token Allocation: The project team has not yet published details of the airdropped token allocation.

Airdrop Difficulty: Consider purchasing a Spartan NFT if you are prepared to maintain ownership over an extended period; otherwise, it may not be a valuable investment.

Token Utility: Staking $SPARTA provides Real Yield, which comes not only from commissions earned by the exchange but also from income generated by game-related microtransactions.

Token Lockup: Tokens allocated to ecosystem rewards will follow a 72-month linear vesting with halving mechanism. On the other hand, tokens allocated to the project team and advisors will follow a 6-month cliff and an 18-month linear vesting.
April 12, 2023
ChainHop Token Airdrop Guide: LIVE NOW!
ChainHop is a composable omnichain liquidity aggregation protocol that enables one-click, cross-chain swaps with the deepest liquidity and the best rate. The project has hinted at launching its own token. Early users who’ve used the platform to do cross-chain swaps may get an airdrop!

ChainHop Airdrop Step-by-Step Guide

Here’s how to receive a potential ChainHop token airdrop:
1. Connect Your Wallet to ChainHop
2. Perform Cross-Chain Swap
See below for more in-depth details!

What is ChainHop?

ChainHop is an Open API that allows swapping tokens between different chains by using liquidity from various DEXes and bridges. It does this by leveraging cross-chain message passing, allowing the protocol to aggregate multi-chain liquidity sources. It also offers white label solutions for DEXes, NFT platforms and marketplaces, Wallets, GameFi projects, and much more.

Over the past six months, ChainHop has been audited by leading blockchain security firms PeckShield and SlowMist.

Partnership with Celer Network

ChainHop has partnered with Celer Network to build inter-chain messaging. The ChainHop project has been drawing liquidity from the biggest DEXes in the crypto industry coming from 7 different blockchains: Ethereum, Polygon, BNB Chain, Fantom, Optimism, Avalanche, and Arbitrum. The partnership between ChainHop and Celer Network will enable developers to easily access the cross-chain liquidity protocol to build cross-chain DeFi, NFT marketplaces, IDO launchpad platforms, and more.

Does ChainHop have a Token?

ChainHop does not have a token at the moment. However, they have mentioned in their user document that they might launch one in the future. Additionally, early users of the protocol can potentially qualify for an airdrop.

How to Get ChainHop Token Airdrop?
The best chance to get the ChainHop Token Airdrop is to perform cross-chain swaps on their platform. Here’s a step-by-step guide:
1. Connect Your Wallet to ChainHop
  Visit the ChainHop Exchange App and connect your MetaMask or other supported wallets. There are seven mainnet chains to choose from. Make sure you have enough funds to cover gas fees.
2. Perform Cross-Chain Swap
  Select a source chain and the token you want to swap, then select a destination chain and the token you want to receive. Confirm the transaction and you’re done!
  
  You can also swap tokens within the same chain, but we recommend swapping on different chains. The more chains you interact with, the more on-chain evidence you generate that could qualify you for a potential ChainHop token 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: ChainHop does not have a token at the moment, but could launch one in the future. Early users can potentially qualify for an airdrop.

Airdropped Token Allocation: There is no tokenomics yet.

Airdrop Difficulty: All you have to do is swap tokens between different chains. Keep in mind that they are mainnets, which means you will need real money to swap and cover gas fees.

Token Utility: There is no token yet.

Token Lockup: There is no tokenomics yet.
April 11, 2023
Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!
Polynomial Protocol is a decentralized derivative exchange powered by the Synthetix Protocol on Optimism. They have distributed Optimism ($OP) airdrops to active users in the past and could do so again. In this article, we will briefly explain what Polynomial Protocol is and what you can do to position yourself for the retroactive airdrop.

What is Polynomial Protocol?

Polynomial Protocol is built on top of Synthetix, with $SNX stakers serving as counterparties for transactions on Polynomial. By offering liquidity, $SNX stakers receive fees from the platform. Apart from trading, Polynomial offers two more products to make DeFi more accessible to users:
1. Polynomial Earn Vaults: These are the first DeFi Options Vaults (DOV) that operate entirely on-chain by selling options directly to an Automated Market Maker (AMM).
2. Polynomial Swap: This product streamlines the swapping process on Optimism, particularly for synthetic assets. Non-synthetic assets are routed through 1inch to ensure a seamless experience.
Does Polynomial Protocol have a Token?

Salman Naseer, founder of Polynomial Protocol, said in Discord that they are not planning a token launch at the moment. In the meantime, active users can only claim Optimism ($OP) tokens as rewards.

How to Get Retroactive $OP Airdrop on Polynomial?
The best chance to get another retroactive $OP airdrop is to interact with the Polynomial Trade, Earn, and Swap features. Here’s a step-by-step guide:
1. Connect Your Wallet to Polynomial Protocol
  Connect your MetaMask or other supported wallets to the Polynomial Protocol trading app. The available networks are Optimism and Ethereum.
2. Create Polynomial Smart Wallet
  After you connected your wallet, you will need to create a Polynomial smart contract wallet. For this part, you also need some ETH to cover gas fees.
3. Deposit sUSD in Smart Wallet
  After creating your smart wallet, you will need to deposit at least $50 sUSD to start trading. You can use the swap feature to get sUSD.
  
  If you don’t have funds in Optimism, you can bridge your assets via the MetaMask bridge aggregator (this could also qualify you for the $MASK airdrop). You can also buy sUSD on KuCoin and transfer them to your Optimism wallet.
4. Trade Perpetual Futures
  You can now trade perpetual futures on the platform. Polynomial has a detailed guide on how to open up standard orders or limit orders for long and short positions.
5. Use Earn Vaults
  You can deposit sETH or sUSD to earn yields in the Polynomial Earn Vaults. It is important to note that these vault strategies are subject to market risks. Check out their earn documents to understand more.
Airdrop Review

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

Likelihood of Airdrop: There is no official announcement of the next retroactive $OP airdrop yet. But Polynomial is growing, so there is a good chance there will be another incentive for the community.

Airdropped Token Allocation: The airdropped token allocation is unknown.

Airdrop Difficulty: The trading platform offers a user-friendly interface and operates on the Optimism mainnet. As with any investment, it is advised to only use funds that one is prepared to risk.

Token Utility: Polynomial has no plans to launch its own token yet.

Token Lockup: Polynomial has no plans to launch its own token yet.
March 31, 2023
LimeWire ($LMWR) Token Airdrop Guide: LIVE NOW!
LimeWire is making a comeback under new ownership as a digital collectible marketplace focused on art and the music industry. In celebration of its comeback, LimeWire is launching a huge giveaway campaign featuring a $1,500,000 prize pool. To participate, join the official waitlist and invite friends for a chance to win up to 100,000 $LMWR tokens!

Visit the LimeWire waitlist page and click on “Join Waitlist” before it ends on May 2nd!
Table of Contents

Toggle
What is LimeWire?

$LMWR Token

Token Utility

Tokenomics

How to Get the $LMWR Airdrop?

Airdrop Review
What is LimeWire?

LimeWire was a popular peer-to-peer file-sharing platform in the 2000s, with over one-third of all computers globally having installed the program in 2007. It was primarily used for downloading and distributing pirated music, which led to its shutdown as a result of copyright infringement issues.

LimeWire is now returning as an NFT marketplace deployed on Ethereum, and its comeback has also been featured on CoinTelegraph. The platform caters to the art and entertainment space, initially focused on music. Artists will earn the largest portion of income and maintain full autonomy, ownership, and authority over their creations. Moreover, LimeWire will provide the option for direct credit card transactions, removing the necessity for crypto wallets.

$LMWR Token

Token Utility

The LimeWire Token ($LMWR) is an ERC-20 utility token central to the LimeWire ecosystem, offering users various perks and benefits in a loyalty-tier system. Users can pay with $LMWR for discounts, tipping creators, and accessing exclusive content. (https://vallartainfo.com) Creators can earn in USD or $LMWR for a larger revenue share, and both users and creators can receive activity rewards.

$LMWR also enables governance, with holders having voting rights and participating in the LimeWire Foundation’s decisions. Royalty distribution from pay-per-view revenues is also done in $LMWR tokens.

Tokenomics

The total supply of $LMWR tokens is fixed at 1 billion. 43% of the total supply will be distributed to the community, including a 1 million $LMWR allocation to be awarded evenly to all LimeWire Original NFT holders.

How to Get the $LMWR Airdrop?

The top 4,000 referrers are eligible for the $LMWR airdrop, with the prize value distributed as follows:
- Top referrer gets 100,000 $LMWR (USD $30,000)
- Referrers ranked 2 to 6 each get 50,000 $LMWR (USD $15,000)
- Referrers ranked 7 to 4000 each get 100 $LMWR (USD $30) and one LimeWire Original NFT (USD $750)
Visit the LimeWire waitlist page and click on “Join Waitlist”. Enter your email and verify it in your inbox. You can now share your unique referral link with friends to improve your rank!

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: LimeWire has confirmed airdropping $LMWR tokens. It will take place on May 2nd.

Airdropped Token Allocation: $1.5 million worth of $LMWR tokens will be distributed to the top 4,000 referrers.

Airdrop Difficulty: Simply visit the LimeWire waitlist page and click on “Join Waitlist”.

Token Utility: The LimeWire Token ($LMWR) is an ERC-20 utility token offering users perks and benefits within the LimeWire ecosystem, facilitating payments, earnings, activity rewards, governance, and royalty distribution for both users and creators.

Token Lockup: Community pre-sale has no lockup and a 3-month linear release. Public Sale Option I has a 6-month lockup and a 6-month linear release, while Public Sale Option II has no lockup or vesting period.
March 29, 2023
ParaSpace Token Airdrop Guide: LIVE NOW!
ParaSpace recently introduced an incentive program in which users’ actions and activities earn points that can be redeemed for ParaSpace governance tokens through an airdrop when the token launches. Moreover, users have the opportunity to receive a 300% boost in points accumulation until June 30, 2023. In this article, we will explain what ParaSpace is and what you can do position yourself for the airdrop.

ParaSpace Airdrop Step-by-Step Guide
1. Connect Wallet to ParaSpace App
2. Supply ERC-20 or ERC-721 Tokens to ParaSpace
3. Liquidate NFTs
4. Borrow ERC-20 Tokens
5. Stake ApeCoins ($APE) in Auto Compound Pool
6. Stake NFTs in Auto Compound Pool
7. Use Share Staking Pool
8. Buy NFT with Credit
More in-depth details can be found below!

What is ParaSpace?

ParaSpace is a cross-margin NFT lending protocol that enables users to borrow ETH, stablecoins, and supported ERC-20 tokens against various crypto assets such as blue-chip NFTs, ERC-20 tokens, and Uniswap V3 LPs. The platform allows NFT owners to lend and borrow ERC-20 tokens against a diverse array of non-fungible investments, while ERC-20 holders can earn yields through lending against NFTs.

According to DefiLlama, ParaSpace is the second largest NFT lending protocol in total value locked ($100.5 million) at the time of writing. It is also the sister company of Parallel Finance ($PARA), and both platforms have been audited by some of the top smart contract security firms such as Certik, Trail of Bits, and Veridise.

Does ParaSpace have a Token?

ParaSpace does not have a token yet, but has confirmed that it will launch a governance token in the future. Token holders will be a part of the platform’s decentralized autonomous organization (DAO).

How to Get ParaSpace Token Airdrop?
ParaSpace recently announced an incentive program where users’ actions and activities are rewarded with points that will be redeemed for ParaSpace governance token via airdrop when the token launches. Additionally, users can enjoy a 300% boost for earning points until 30th June, 2023. Here’s a step-by-step guide:
1. Connect Wallet to ParaSpace App
  Connect your MetaMask or other supported wallets to app.para.space. The network is Ethereum Mainnet. You will need ERC-20 tokens or ERC-721 (NFTs) to interact with the protocol. Make sure you have enough ETH to cover gas fees.
2. Supply ERC-20 or ERC-721 Tokens to ParaSpace
  If you own any blue-chip NFTs such as Bored Apes or CryptoPunks, you can supply them to the protocol to earn yields. Click the “supply” button on the main page.
  
  Similarly, you can also lend out ERC-20 tokens to earn yields.
3. Liquidate NFTs
  You can perform liquidations for both the user account and tokens held within the account in the Liquidation section.
4. Borrow ERC-20 Tokens
  You can borrow ERC-20 tokens from the protocol, but you will first need to supply NFTs or ERC-20 tokens as collateral.
5. Stake ApeCoins ($APE) in Auto Compound Pool
  You can stake your $APE in the ParaSpace ApeCoin Pool to earn high APY rewards. You can also borrow $APE to stake if you don’t have any.
6. Stake NFTs in Auto Compound Pool
  For NFT owners with or without ApeCoins, you can stake your NFTs in the NFT Staking Pools to earn $APE.
7. Use Share Staking Pool
  You can create $APE listings or NFT listings for the Share Staking Pool. This allows you to find other users to match with your assets for staking purposes and share the APY rewards.
8. Buy NFT with Credit
  You can also buy listed NFT collections with ETH in the ParaSpace marketplace.
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: ParaSpace has confirmed users’ actions and activities will be rewarded with points that will be redeemed for ParaSpace tokens via airdrop when the token launches. Additionally, users can enjoy a 300% boost for earning points until 30th June, 2023.

Airdropped Token Allocation: ParaSpace is still designing its tokenomics for long-term sustainability.

Airdrop Difficulty: It is recommended to engage in this activity only if you have experience borrowing and lending Ethereum NFTs. You will need ERC-20 tokens or ERC-721 (NFTs) to interact with the protocol. You will also need some ETH to cover gas fees.

Token Utility: The ParaSpace token will be used for governance of the lending protocol.

Token Lockup: Details of token lockup period is not yet available.
March 27, 2023
SoonSwap ($SOON) Token Airdrop Guide: Ends 31 March!
SoonSwap is giving away 2.1 million $SOON tokens in airdrop rewards. To qualify, you will need to sign up and complete simple tasks by 31st March 2023. In this article, we will explain what SoonSwap is and what you can do to position yourself for the airdrop.
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SoonSwap ($SOON) Airdrop Step-by-step Guide

What is SoonSwap?

Does SoonSwap have a Token?

How to Receive $SOON Airdrop?

Airdrop Review
SoonSwap ($SOON) Airdrop Step-by-step Guide

Here’s how to receive a potential SoonSwap ($SOON) airdrop:
1. Follow and retweet SoonSwap on Twitter.
2. Join SoonSwap Discord.
3. Join SoonSwap Telegram.
4. Link your ERC20 wallet address.
5. Get extra entries with a referral link.
See below for more details

What is SoonSwap?

SoonSwap is an Ethereum-based NFT marketplace that operates on a decentralized automated market maker (AMM) system. The platform combines an order book matching mechanism with an AMM liquidity pool to enhance pricing discovery mechanisms and simplify NFT asset trading. With SoonSwap, NFTs can be traded more efficiently and at better prices, promoting increased accessibility and liquidity for users.

The platform also offers users the ability to exchange NFTs for tokens and vice versa, while also providing a passive income opportunity to users and community members through farming actively adding liquidity to the AMM LP pools.

Does SoonSwap have a Token?

Yes, SoonSwap confirmed in its document that there will be a $SOON token. It serves as a certificate for community participation in governance, allowing holders to vote on proposals, allocate liquidity incentives, and initiate upgrade proposals. (sweet-factory)

According to the tokenomics, the total supply of $SOON is 1 billion tokens, and 2% of it is allocated to early adopters as airdrop rewards.

How to Receive $SOON Airdrop?

Sign up on SoonSwap Airdrop Gleam page and complete the following tasks to earn entries for the airdrop reward:
1. Follow and retweet SoonSwap on Twitter.
2. Join SoonSwap Discord.
3. Join SoonSwap Telegram.
4. Link your ERC20 wallet address.
5. Get extra entries with referral link.
The higher entries you have, the more likely you will receive the airdrop. SoonSwap confirmed that the top 7,000 participants will be rewarded with $SOON.

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: SoonSwap is airdropping 2.1 million $SOON tokens to participants who signed up for the Gleam page before 31st March 2023.

Airdropped Token Allocation: 2% of the total $SOON supply (1 billion) is allocated to airdrops.

Airdrop Difficulty: The tasks on the Gleam page are very easy to complete.

Token Utility: $SOON serves as a certificate for community participation in governance, allowing holders to vote on proposals, allocate liquidity incentives, and initiate upgrade proposals.

Token Lockup: 50% at TGE and 50% after 3 months’ cliff.
March 27, 2023
Script Network ($SCPT + $SPAY) Token Airdrop Guide: LIVE NOW!
The Script Network testnet just went live, and you can earn points from completing simple tasks, which directly correspond to your token rewards. In this article, we will explain what Script Network is and what you can do to position yourself for the airdrop.

You can use our referral code 9GYApp1S3I to sign up for their testnet!

Script Network ($SCPT + $SPAY) Airdrop Step-by-step Guide

Here’s how to get a potential Script Network airdrop:
1. Sign up for Script Network
2. Interact with Script Network
3. Create a wallet.
4. Request $SPAY and $SCPT tokens from faucet.
5. Stake tokens
6. Transfer tokens between wallets
7. Complete tasks on Crew3
See below for more details

What is Script Network?

Script Network, also known as Script TV, is a decentralized streaming platform powered by their own layer-1 protocol, Script Blockchain. It aims to solve some of the problems the current streaming industry is facing. Apart from video streaming services, the system provides incentives for decentralized bandwidth and content-sharing, all at a more affordable rate than conventional service providers. Moreover, users can earn tokens (i.e. $SPAY) and other rewards from watching content, hence their watch-to-earn economy model.

Script Blockchain

Script Blockchain is a specialized blockchain designed to relay video and data. Its unique multi-BFT consensus design includes Validator Nodes and Lightning Nodes that propose and verify new blocks. The blockchain also supports Turing-complete smart contracts, allowing for new user experiences and attribution models for DApps.

With smart contracts, users can enjoy digitized item ownership, innovative payment models, and trustless crowdfunding mechanisms. As a result, community members can host and relay live stream video data globally. The network is run by thousands of community members, eliminating the need for a single central server or service.

Who is the Team behind Script Network?

Abiel Alazar and Akeem Ouko are the co-founders of Script Network, which has a team of team skilled professionals with previous work experience at Sony, HBO, Spotify, EA, PayPal, Nike, and Adidas. They’re backed by some of the prominent Web3 organizations including Chainlink, NFTrade, Poolz, and Gate.io.

Does Script Network have a Token?

Yes, in fact, Script Network uses a dual token system — $SCPT and $SPAY:
- $SCPT is the governance token used to manage the network and content through a decentralized autonomous organization (DAO), with a fixed supply of 1 billion tokens. It can also be used as payment for advertising and earned by running a node. Furthermore, users can stake $SCPT to receive crypto and NFT rewards.
$SPCT token utility (Image source: Medium)
- $SPAY is the operational token that is used for serves as a means of rewards, transactions, and upgrading ScriptGLASS, which is the required NFT for watch-to-earn. Unlike $SCPT, $SPAY has a token supply of 5 billion with a 7%-9% yearly inflation. Its primary function is to facilitate all transactions on the blockchain, including payment for sharing a video stream, interacting with smart contracts, and NFT transaction fees, among others.
$SPAY token utility (Image source: Medium)

How to Receive $SPAY Airdrop?

Script Network has confirmed airdropping 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply to the community. Here’s how to potentially get a $SPAY airdrop:
1. Sign up for Script Network
2. Interact with Script Network
3. Create a wallet.
4. Request $SPAY and $SCPT tokens from faucet.
5. Stake tokens
6. Transfer tokens between wallets
7. Complete tasks on Crew3
Sign up for Script Network

Go to token.script.tv/tv and click “sign in/sign up.” Connect your wallet such as MetaMask, and then sign up with your email. You can use our referral code 9GYApp1S3I.

Interact with Script Network

Once you have logged into Script Network, you’ll see all the channel and program schedules as you scroll down. You can select any video to watch, and there is a live chat room as well!

Go to token.script.tv/dashboard to see your account analytics. You can see your rewards and referral code here. There are also other features on the DApp, but they aren’t open currently.

As of now, there are four ways to earn points for the airdrop:
1. Log in every day.
2. Watch at least one video every day.
3. Talk on the live chat.
4. Invite friends with a referral code.
Create a wallet

To qualify, you need to sign up at the Script Network website here. To create a new wallet click “Create a Wallet” at the bottom of the page. Then you will be required to set up a password, tick the disclaimer, and download keystone onto your device. Afterward, copy down the 12-word recovery phrase and keep it safe. Finally, unlock your wallet to continue.

Script Network wallet

Request $SPAY and $SCPT tokens from faucet

To request $SPAY tokens, go to “Receive” in your wallet and “Faucet”. Afterward, you will be automatically logged out and asked to re-login. This is for security reasons. You will receive your testnet $SPAY tokens within 10–15 minutes.

To request $SCPT tokens, you will need to type in your Script Native wallet address in their #scpt-token-faucet Discord channel. You will receive your testnet $SCPT tokens within 24 hours.

Stake tokens

Note this option is only available to those who are running a test edge, lightning or validator node.

Transfer tokens between wallets

To transfer tokens, go to “Send” in your Script wallet. Choose which token ($SPAY or $SCPT) you wish to send, the destination address and the amount. Then hit “Send” and confirm the transaction with your wallet password.

Complete tasks on Crew3

Script Network has a Crew3 Questboard where users can complete tasks in order to earn XP points. Tasks include signing up to Script Network, joining and participating in their social media channels etc. The team has confirmed on their Discord channel that the XP rewards earned on Crew3 may be converted to rewards and used as the snapshot for the leaderboards. To participate in the Script Network Crew3, go to their Crew3 Questboard, connect your wallet, and complete the tasks.

Script Network Token Airdrop Review

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

Likelihood of Airdrop: Script Network has confirmed a $SCPT and $SPAY airdrop to the community.

Airdropped Token Allocation: 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply will be airdropped.

Airdrop Difficulty: The four tasks are very easy to complete, just make sure to do them every day.

Token Utility: $SCPT is the governance token used to manage the network and content display, whereas $SPAY will be the operational token for transaction fees, rewards, and upgrading the ScriptGLASS NFT.

Token Lockup: The issuance of $SCPT tokens will follow a strict vesting schedule, indicating that Validators agree not to trade tokens during the initial six months and instead contribute them to the staking pool during this timeframe to facilitate the network’s functioning.
March 26, 2023