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Category: Airdrops

Blockchain projects frequently rely on crypto airdrops to raise awareness, grow their community, and increase the value of their products. After all, the survival of a project depends on its ability to attract and grow its user base. Users, of course, have nothing to complain about. After all, who doesn’t love free stuff? People have made as much as US$10,000 from crypto airdrops, all without putting in a single cent. We have compiled a list of the top cryptocurrency airdrops and evaluated them.

  • Berachain ($BERA, $BGT) token airdrop guide

    Berachain ($BERA, $BGT) token airdrop guide

    Berachain ($BERA, $BGT) is a high-performance, EVM-compatible blockchain that uses Proof-of-Liquidity consensus to align network incentives and support decentralized applications. There are rumours all over Twitter that Berachain will do a token airdrop. Berachain is in the testnet phase so any airdrop tasks will not require real funds. Also, as Berachain is in the Celestia ecosystem, there is a good chance Berachain could do a 2 in 1 airdrop! Here is our Berachain ($BERA, $BGT) token airdrop guide.

    Check out our Berachain Testnet Airdrop Video Guide!

    https://www.youtube.com/watch?v=TOdKuUKDZwA
    Berachain testnet airdrop guide

    What is Berachain?

    Berachain is a fast and powerful blockchain that can run smart contracts like Ethereum. It uses a new way of running the blockchain called Proof-of-Liquidity, which rewards people for providing money to the network, making it more stable and secure. Berachain’s technology is built on Polaris, a high-performance blockchain framework for building EVM-compatible chains on-top of the CometBFT consensus engine.

    Here is a summary of what Berachain is and its main features:

    • Berachain: A fast and powerful blockchain that can run smart contracts like Ethereum, but with some extra benefits.
    • Proof-of-Liquidity: A new way of running the blockchain that rewards people for providing money to the network, making it more stable and secure.
    • Polaris EVM: A software tool that helps developers create smart contracts for Berachain, using the same languages and tools as Ethereum.
    • CometBFT: A software tool that helps the blockchain reach agreement on what transactions are valid, using a fast and efficient method.

    Bearachain is backed by notable VCs such as Polychain Capital and Hack VC, making it a highly anticipated project in 2024!

    Berachain dApps

    Will there be a Berachain token airdrop?

    Berachain have not confirmed it will do an airdrop, but there are certainly lots of rumours on Twitter that they will. Considering how well other Cosmos ecosystem projects are doing these days with their airdrops, it is highly likely that Berachain will also do its own airdrop. Also, Berachain’s public testnet known as Artio just went live on 11th January 2024. This means we are now very early to this airdrop, and it is a good opportunity to start positioning yourself for it. Most importantly, as it is a testnet, it means that you will not need to use any real funds to do the tasks, so it is virtually 0 risk to do this potential airdrop!

    What is the Berachain ($BERA, $BGT, $HONEY) token?

    Berchain will have two tokens $BERA and $BGT. The BERA token is the network token used to send transactions on the blockchain, which is why it’s sometimes called the “gas token.” It’s what pays for the transaction’s gas. The BERA token has not been released yet, and there is no way to get it as of Jan 11th, 2024.

    Meanwhile, the $BGT token is the governance token of Berachain, a Proof of Stake blockchain that uses a Proof of Liquidity model. The BGT token has the following characteristics:

    • Depositing liquidity in the native BEX is the only way to acquire BGT, and it is non-transferrable.
    • Performing certain actions in authorized dApps, such as providing liquidity for LP pairs that earn BGT emissions, allows you to accumulate BGT.
    • You can delegate BGT to a validator to secure the network and participate in governance proposals.
    • You can burn BGT 1:1 for BERA, the main network token. However, note that this is a one-way function, and BERA cannot be converted into BGT.

    I hope this helps!

    Berachain will also have its own stablecoin known as $HONEY, which aims to be at 1:1 with USDC. Once the Berachain Mainnet is live, Honey. will be able to be minted using the Honey dApp on purchased on Berachain’s DEX.

    How to get a potential Berachain ($BERA, $BGT, $HONEY) token airdrop?

    Berachain is in the Cosmos ecosystem, so there is a good chance that positioning yourself for a potential Berachain airdrop can also make you eligible for a Cosmos airdrop! This means you can get a 2 in 1 airdrop with Berachain and Celestia!

    Here’s how to get a potential Berachain token airdrop

    1. Connect MetaMask to Berachain

      You can automatically connect your MetaMask wallet to Berachain by going to the Berachain Docs and clicking “Add testnet”. Approve the transaction on your MetaMask.

    2. Follow Berachain on social media

      Go to https://www.berachain.com/ and follow their social media pages by clicking on the buttons at the top of the page.

    3. Participate in the Berachain Discord community

      You can ask or help answer questions on the Berachain Discord community. Aside from doing something good for the community, it may also be helpful for any potential airdrop as you may rank up and get exclusive roles based on your Discord activity. As we’ve seen in many past airdrops, this can potentially qualify you for airdrops and maybe even whitelist access.

    4. Get testnet BERA tokens

      Go to https://artio.faucet.berachain.com/, enter your wallet address and click “Drip tokens”. However, this may not work as the Berachain team have said that they are experiencing a lot of network congestion. However, it may be helpful to try this occasionally as the network may be better later on.

      Update: Artio’s public testnet faucet is back online!!!

      Alternatively, if you scroll down you can go to Berachain’s other facuet partners i.e. Honey Jar Faucet and Quicknode Faucet.

    5. Swap tokens on Berachain DEX

      Go to the swap features on Berachain DEX. Swap your testnet BERA tokens for $STGUSDC.

    6. Mint HONEY tokens

      Go to Honey and mint the STGUSDC to the HONEY token.

    7. Supply and borrow HONEY

      BEND is Berachain’s equivalent to Aave, which is a borrowing and lending protocol. To interact with BEND, connect your wallet to https://artio.bend.berachain.com/. Scroll down to the “Available to supply” section and supply HONEY. Remember to enable HONEY as collateral. Then, go to the “Available Borrows” section and borrow HONEY. You will earn rewards in $BGT tokens by supplying and borrowing HONEY.

    8. Interact with BERPS

      BERPS is Berachain’s perpetuals market which will allow high leverage trading of up to 100x leverage for your favourite token pairs. Connect your wallet to https://artio.berps.berachain.com/ and choose any trading pair to long or short. Note that as you are only using testnet tokens, you do not have to worry about risk of liquidation.

      Then, deposit HONEY to the Vaults by going to the “Vaults” tab, selecting the amount of HONEY you wish to deposit and clicking “Approve HONEY”. You will receive rewards in bHONEY by doing this.

    9. Stake and vote on BGT Station

      The BGT station is the hub for BGT governance. Connect your wallet to https://artio.station.berachain.com/. You will be able to delegate and vote using BGT when the feature becomes available and there are governance proposals.

    10. Create NFT drop collection

      Connect your wallet to https://nfts2me.com/create/drop/ and complete the details required to create your NFT drop collection. Then click “Deploy to Berachain Artio Testnet”.

    11. Complete Galxe quests

      Go to the Berachain Galxe quest page and connect your wallet. Make sure you are on the Ethereum network. Complete the tasks and earn points. Most importantly, get the Bera Cub role as it may open the doors for other whitelist opportunities and perks.

      Here are the answers to the Intro to Berachain quiz on Galxe: C, D, D, D, A

    Berachain ($BERA, $BGT) 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 a lot of rumours surrounding a potential Berachain airdrop. Berachain is part of Celestia ecosystem and right now other projects on the ecosystem are getting a lot of exposure through airdrops. Therefore we think Berachain is likely to do a token airdrop.

    Airdropped token allocation: The Berachain airdrop allocation is unknown.

    Airdrop difficulty: Berachain currently is in its testnet phase. So you will not be at risk of losing any real funds by doing the airdrop tasks.

    Token utility: Berachain will have the $BERA, $BGT and $HONEY tokens. Each of these tokens will have its own set of utilities.

    Token lockup: There is no information on the $BERA and $BGT token lockup yet.

  • Pyth Network ($PYTH) token staking airdrop guide

    Pyth Network ($PYTH) token staking airdrop guide

    Pyth Network ($PYTH) is the world’s largest first party decentralized oracle network that connects market data from the world’s largest professional traders and exchanges to any smart contract, anywhere. They also provide real-time price feeds for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities to smart contract developers on more than 40 blockchains. Pyth Network has finished its airdrop a while ago. However, those who are staking $PYTH tokens can have access to potentially hundreds of airdrops in the Solana ecosystem. This could mean the potential to make thousands of dollars! Here is our guide to Pyth Network (PYTH) token staking for Solana airdrops.

    Check out our video on $PYTH Staking for MULTIPLE Airdrops!

    https://www.youtube.com/live/RhhZqN-Y8_M

    What is Pyth Network ($PYTH)?

    Pyth Network ($PYTH) is the world’s largest first-party decentralized oracle network that connects market data from the world’s largest professional traders and exchanges to any smart contract, anywhere. They offer real-time price feeds for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities to smart contract developers on more than 40 blockchains. The network is designed to provide high-quality financial market data on blockchains to make it reliably accessible for on-chain applications. Here are some of the main features of Pyth Network:

    • A data network for smart contracts: Pyth connects high-fidelity market data from the world’s largest professional traders and exchanges to any smart contract, anywhere.
    • A source of reliable and low-latency data: Pyth delivers smarter data for your smart contracts by using institutional sources that have access to real-time and accurate market information.
    • A platform for decentralized applications: Pyth enables developers to build dApps that leverage the power of nuclear fusion, such as decentralized finance, gaming, sports betting, and more.

    What is the Pyth Network ($PYTH) token?

    Pyth Network’s native token is called $PYTH. It is a financial oracle solution that provides real-time market data to various blockchain protocols. The network aggregates data from multiple first-party sources in order to ensure accuracy. According to Coingecko, the current price of PYTH is $0.3508 with a 24-hour trading volume of $85,774,807. Data providers and validators on the network are incentivized using the $PYTH token, which is also used to pay for transaction fees and governance.

    Will I qualify for Solana ecosystem airdrops by staking Pyth Network ($PYTH) tokens?

    Staking $PYTH tokens can potentially qualify you for multiple Solana ecosystem airdrops since Pyth Network is part of the Solana ecosystem, which is expected to have a series of airdrops. By staking $PYTH tokens onto the Pyth Network, you could become eligible to receive airdrops from various projects that are part of the Solana ecosystem. These airdrops can potentially result in receiving thousands of dollars’ worth of tokens from different projects. By staking $PYTH tokens, you can participate in the community and onboard new projects, which is viewed as a marketing tool and a way to bootstrap liquidity.

    How to stake Pyth Network ($PYTH) token for multiple Solana airdrops?

    Time needed: 5 minutes

    Here’s how to stake Pyth Network ($PYTH) token for multiple Solana ecosystem airdrops:

    1. Set up Phantom wallet

      To set up a Phantom wallet, download the Phantom wallet Chrome extension here. You will need the Phantom wallet as is the primary wallet for the Solana ecosystem.

    2. Get Pyth Network ($PYTH) tokens

      You will need to buy or transfer Pyth Network ($PYTH) tokens to your Phantom wallet in order to stake it on Pyth Network. You can buy Pyth Network ($PYTH) tokens on major exchanges such as Bybit. Alternatively, you can get $PYTH from decentralized exchanges like Jupiter. Make sure to use limit orders for Jupiter to qualify for the Jupiter airdrop.

      Sign up for Bybit here!

    3. Set up Pyth profile

      Connect your wallet to https://staking.pyth.network/profile and enter your EVM address, then click “Submit”. Refresh the page, and if your EVM address is still there then it means it is submitted.

    4. Deposit and stake $PYTH

      Connect your Phantom wallet to https://staking.pyth.network/. Select the amount of $PYTH you wish to stake and click “STAKE”. Note there is a minimum number of $PYTH you must stake. We expect the amount to be around 1,000 PYTH tokens, although the Pyth Network team has not confirmed it yet. Staking enables you to participate in Pyth Network governance. Newly staked $PYTH tokens become eligible to vote in governance at the beginning of the next epoch, which starts every Thursday at 00:00 UTC and lasts 7 days.

    5. Stake $PTYH and interact on Nabla Finance

      Go to https://app.nabla.fi/ and stake your $PTYH tokens. You can also interact with their protocol by swapping, adding or removing liquidity.

      Update: The Nabla Finance Testnet Alpha has already concluded. Nabla Finance have also confirmed there will be an increased reward pool of 7 million $AMBER tokens available as airdrop rewards, and that the reward requirements will be loosened.

    6. Stake $PYTH on Degen Base

      Connect your wallet to Degen Base and click “Trade now”. Go to the “Earn” section and stake a minimum of 500 $PYTH.

    7. Vote in Pyth Network governance

      Go to https://app.realms.today/dao/PYTH and vote on proposals. To vote, click on the proposal and click the yes or no buttons to vote. Note there are no recent new proposals right now, so check back often.

    8. Unstake $PYTH

      Go to the “Unstake” tab at https://staking.pyth.network/. Specify the amount you wish to unstake and click “Unstake”. Confirm the transaction in your Phantom wallet. Note you will need to wait for the end of the cooldown period to access your tokens. The cooldown period is 1 epoch after the end of the current epoch.

    9. Withdraw $PYTH

      To withdraw your $PYTH tokens, go to the “Withdraw” tab at https://staking.pyth.network/. Enter the amount you wish to withdraw and confirm the transaction in your Phantom wallet.

    10. Claim Degen Base airdrop

      Degen Base already took a snapshot on 16th February 2024 and will be airdropping $DB tokens to those who are eligible. To check your eligibility for the Degen Base ($DB) token airdrop, connect your wallet to https://airdrop.degenbase.trade/ and click “Check Eligibility”.

    11. Claim Nabla Finance airdrop

      Nabla Finance will distribute their AMBER Tokenised Points rewards in batches between 29th February and 10th March 2024. A list of those eligible participants can be found HERE and AMBER Tokenised Points will be automatically airdropped to their wallets. If you think there was a mistake with your reward calculation or your wallet was wrongly missed out from their list, you can also fill out their Google Form. AMBER Tokenised Points can be converted to $AMBER tokens when it launches in the future.

    Pyth Network ($PYTH) token staking 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: Pyth Network has finished its airdrop, but staking is to position yourself for other Solana ecosystem airdrops.

    Airdropped token allocation: The airdropped token allocation would depend on the project doing the airdrop.

    Airdrop difficulty: Positioning yourself for the airdrop only requires you to stake Pyth Network ($PYTH) tokens. This is very simple but does require real funds.

    Token utility: The token utility would depend on the project doing the airdrop.

    Token lockup: The token lockup period would depend on the project doing the airdrop.

  • AetherEVM ($AETHER) token airdrop guide: No snapshot yet!

    AetherEVM ($AETHER) token airdrop guide: No snapshot yet!

    AetherEVM ($AETHER) have confirmed they will be doing an airdrop for Cosmos ($ATOM) stakers and the snapshot has not been taken yet. The team have confirmed they will be airdropping 34.16 million tokens to Cosmos $ATOM stakers! Here is our AetherEVM ($AETHER) token airdrop guide

    Check out our AetherEVM ($AETHER) token airdrop guide!

    https://www.youtube.com/watch?v=mhBs64ma2CI
    AetherEVM ($AETHER) Airdrop CONFIRMED for $ATOM Stakers (URGENT!)

    What is AetherEVM ($AETHER)?

    Aetherevm is a project that aims to create an EVM-compatible consumer chain with full vertical integration and core DeFi primitives on the Cosmos network. Here are some main features of AetherEVM ($AETHER):

    • EVM-compatible consumer chain: A blockchain that can run Ethereum Virtual Machine (EVM) smart contracts and interact with other blockchains through Inter-Blockchain Communication (IBC) protocol.
    • Full vertical integration: A design that allows AetherEVM to have its own native token (AETHER), consensus mechanism (Tendermint BFT), and governance system without relying on external platforms or services.
    • Core DeFi primitives: A set of decentralized finance (DeFi) applications and features that enable users to lend, borrow, swap, stake, and earn AETH and other tokens on AetherEVM.

    Will AetherEVM ($AETHER) do a token airdrop?

    AetherEVM have confirmed they will do a token airdrop soon. 40% of AetherEVM tokens will be reserved for the airdrop to Cosmos $ATOM token stakers. The snapshot has not been taken yet so it is a good time now to start positioning yourself for this airdrop. Note that only staking on non centralized exchange (CEX) validators will qualify you for the airdrop. So do not stake on CEX validators such as Binance or Coinbase.

    How to get the AetherEVM ($AETHER) token airdrop?

    Time needed: 5 minutes

    Here’s how to get the AetherEVM ($AETHER) token airdrop

    1. Buy or transfer Cosmos $ATOM

      You will need to buy or transfer Cosmos $ATOM tokens to your Keplr wallet in order to stake it on validators. You can buy Cosmos $ATOM tokens on major exchanges such as Bybit.

      Sign up for Bybit here!

    2. Go to Keplr dashboard

      Go to your Keplr wallet dashboard. Click “Chains” on the side bar and go to “Cosmos Hub”.

    3. Find a community validator

      Go through the list and find a community validator you wish to stake with. Note that all non-CEX validators are eligible for the airdrop. Examples of non-CEX validators i.e. community validators include Cosmostation, Stakecito and some validators with “Nodes” at the end of their name.

    4. Stake $ATOM

      Click into your chosen validator, type in the amount of $ATOM tokens you wish to stake and click “Stake”. We suggest, if possible, to stake more than 1 $ATOM token to avoid being mistaken for a Sybil farmer. This is because some projects will actively locate and disqualify any Sybil farmers from the airdrop. We usually stake 10 $ATOM for validators on the Cosmos Hub.

    AetherEVM ($AETHER) 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: AetherEVM ($AETHER) airdrop is now live!

    Airdropped token allocation: AetherEVM have confirmed they will airdrop 70% of their token supply, of which 40% (i.e. 34.16 million) will be reserved for $ATOM stakers.

    Airdrop difficulty: The AetherEVM airdrop only requires participants to stake Cosmos $ATOM onto non-CEX validators. This is a very simple task but requires you to use real funds.

    Token utility: The AetherEVM ($AETHER) token utility is unknown.

    Token lockup: The AetherEVM ($AETHER) token lockup is unknown.

  • Hydro Protocol ($HDRO) token airdrop guide: Early Access Farming guide

    Hydro Protocol ($HDRO) token airdrop guide: Early Access Farming guide

    Hydro Protocol is the first and only native liquid staking protocol on the Injective Network. They are one of the best Injective ecosystem projects for airdrops. This is because they have already confirmed their airdrop, and are in the testnet phase, meaning that you do not have to use any real funds to participate. Hydro Protocol have also announced their Early Access Farming (EAF) campaign, which will start on 31st January 2024 and last for 4 weeks This is our guide to the Hydro Protocol ($HDRO) token Early Access Farming airdrop.

    Check out our Hydro Protocol airdrop video guide!

    https://www.youtube.com/watch?v=zK1-q2yc7XU

    What is Hydro Protocol?

    Hydro Protocol is a platform for staked assets on the Injective Network that offers liquid staking derivatives (LSD) and real yield aggregation. Here are some of the main features of Hydro Protocol:

    1. Liquid Staking Derivatives (LSD): Allows users to deposit INJ tokens and receive hINJ tokens, which can be used across other DeFi protocols and earn staking rewards.
    2. hINJ token: A liquid staking token by Hydro Protocol that enables instant staking benefits and liquidity for INJ holders.
    3. Yield farming: Users can deposit hINJ tokens and get maximum yield on them, with a boost program to reward farmers.
    4. Auto-compounding: This feature automatically re-stakes INJ rewards for users, saving them time and fees and maximizing their staking yields.
    5. HDRO token: This is a governance and utility token on Hydro Protocol that has a deflationary mechanism and value accrual mechanism to benefit HDRO holders and stakers.
    6. Real yield aggregator: Tis feature aggregates real yield from various sources into an index and distributes it to users, creating a new opportunity for LSDFi (Liquid Staking Derivatives Finance).

    Will there be a Hydro Protocol ($HDRO) token airdrop?

    Hydro Protocol have confirmed they will be launching their mainnet and $HDRO token on 31st January 2024. They have also confirmed they will be doing 3 airdrops as follows:

    1. Testnet airdrop: Those who participated in the testnet campaigns in Fall 2023 are eligible. The airdrop amount will be based on the leaderboard ranking.
    2. INJ Stakers Airdrop: For anyone who has any amount of INJ staked on an active validator in the Injective Ecosystem. The snapshot was taken on 4th January 2024 at 14:11:45 UTC. The airdrop amount will be based on the duration and amount of staking.
    3. Early Access Farming Airdrop: For users who stake their INJ with Hydro once it launches on 31st January 2024. The airdrop will last for 4 weeks and will have a boost factor. The amount to be airdropped will be based on the timing and amount of staking.

    What is the Hydro Protocol ($HDRO) Early Access Farming (EAF) campaign?

    Hydro Protocol’s ($HDRO) Early Access Farming campaign is phase 3 of Hydro Protocol’s airdrop scheme. It rewards users for staking $INJ tokens on Hydro and will start on 31st January 2024 and run for 4 weeks. Users will earn points based on the amount and duration of their staking. The points can then be converted to $HDRO tokens after the token generation event (TGE).

    Hydro Protocol have confirmed the key to getting more $HDRO airdrop rewards in their Early Access Farming is to stake $INJ earlier. This means that the more you stake and the earlier you do it, the more $HDRO airdrop rewards you will receive. 

    How to get the Hydro Protocol ($HDRO) token airdrop?

    Phases 1 and 2 of the Hydro Protocol ($HDRO) token airdrop have already been completed. But there is still one last airdrop left, and the team promises it will be the biggest airdrop yet! There are 4 weeks left for this airdrop so you should act NOW!

    Note that the Hydro Protocol team have said that $INJ staking is the number one priority for the airdrop. So, users are recommended to focus on steps 3 and 4 below.

    Time needed: 30 minutes

    Here’s how to get the 3rd and final Hydro Protocol ($HDRO) token airdrop

    1. Add Injective testnet to wallet

      Hydro Protocol supports Keplr and Leap wallets. Make sure you have added the Injective testnet to your wallet. To do this on Keplr wallet, go to https://chains.keplr.app/. Search for Injective (testnet) and add the chain.

    2. Get testnet $INJ tokens

      Go to https://testnet.faucet.injective.network/, enter your Injective address and click “Submit”. You can also go to https://mito.fi/ and swap your testnet USDT for testnet $INJ.

    3. Mint $hINJ tokens

      Go to https://app.hydroprotocol.finance/lsd. Enter how many testnet $INJ tokens you wish to stake and click “Stake & Mint”. Follow the instructions on your Keplr wallet. You will mint hINJ at a 1:1 ratio of staked INJ. Do this for both $INJ and $HDRO reward types.

    4. Stake your $hINJ tokens on the farm

      Once you have minted some hINJ, go to https://app.hydroprotocol.finance/farm. Enter the amount of hINJ you wish to stake, agree to the Terms of Use and click “Add Farm”.

    5. Auto compound

      Go to https://app.hydroprotocol.finance/auto and delegate your testnet $INJ to the Injective Validators. Type in the amount you wish to delegate and click “Stake”.

    6. Pools

      Go to https://app.hydroprotocol.finance/pool and choose the HYDRO/INJ pool. This pool should be your number one priority if you want to play around with liquidity pools because it is the only pool featured on Hydro’s leaderboard. Enter the amount of $HDRO and testnet $INJ you wish to stake and approve the transaction.

    7. Governance

      Go to https://app.hydroprotocol.finance/governance and stake your $HDRO to earn $xHDRO. Then under “Proposals”, and vote using $xHDRO.

    8. Swap testnet $INJ tokens

      Go to https://app.hydroprotocol.finance/swap and do a few swaps.

    Hydro Protocol 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 Hydro Protocol airdrop is now live. They have done 2 airdrops already and the third, final and largest airdrop is live!

    Airdropped token allocation: The Hydro Protocol airdrop allocation is unknown. But the team have promised this last airdrop will be the largest yet.

    Airdrop difficulty: The Hydro Protocol airdrop requires participants to primary use their liquid staking feature on the protocol, which is not difficult. What’s more, they are only on testnet so you will not be using real funds!

    Token utility: The $HDRO token can be used for governance, value accrual, staking rewards and to access various exclusive features and services on the platform.

    Token lockup: There is no information on the $HDRO token lockup yet.

  • Black Panther Finance ($BLACK) token airdrop guide

    Black Panther Finance ($BLACK) token airdrop guide

    Black Panther Finance is a protocol on Injective that enables users to earn more from their digital assets by using smart vaults that trade for them with one click. The team has confirmed that they will distribute $POINT tokens on the Injective mainnet through an airdrop. These $POINT tokens can be used to unlock rewards when their $BLACK token is launched. Here is our Black Panther Finance ($BLACK) token airdrop guide.

    Check out our Black Panther Finance ($BLACK) token airdrop video guide!

    https://www.youtube.com/watch?v=65L8dzW36YA
    lack Panther ($BLACK) Airdrop Guide (UPDATE)

    What is Black Panther Finance?

    Black Panther Finance is a service that helps you make more money from your digital money. It does this by using smart programs that trade your money for you in different ways. Some of these ways are:

    • Grid Trading: Buying and selling money when the price goes up and down in a range.
    • Trend Following: Buying and selling money based on the direction of the price movement.
    • AI Powered: Using artificial intelligence to find the best trading opportunities.

    You can choose from different types of trading programs, called vaults, that have different levels of risk and reward. You can also earn extra money by joining some special programs that reward you for using Black Panther Finance. All you need to do is to deposit your money into the vaults and let them do the work for you.

    Will Black Panther Finance ($BLACK) do a token airdrop?

    Black Panther Finance have confirmed they will do an airdrop. Their website even has an airdrop section! The team have confirmed they will be distributing $POINT tokens on Injective’s mainnet. These $POINT tokens can be used to unlock rewards when their $BLACK token is launched, which will enable token holders to earn revenue from Black Panther’s protocol.

    How to get the Black Panther Finance ($BLACK) token airdrop?

    Here’s how to get the Black Panther Finance ($BLACK) token airdrop

    1. Set up profiles and wallets

      Create 10 Chrome profiles and install Keplr extension on each of them1. You will use these profiles to create 10 different wallets. We suggest you create a spreadsheet to keep track of all your addresses and where your funds are sent.

    2. Deposit $INJ

      Deposit $INJ tokens into your main Keplr wallet. You can buy $INJ tokens on centralized exchanges such as Bybit.  

      Sign up for a Bybit account here!

    3. Distribute $INJ

      Send both $INJ to each of your 10 wallets. You will need around 6 $INJ per wallet. Remember to update the information on your spreadsheet so you do not lose track of your funds!

    4. Stake $INJ

      Connect your wallet to the Injective Hub and find the “Black Panther | Delegate for Claimdrop” validator. Click “Delegate Now” and “Continue to Delegate”. Stake around 3 $INJ to the Black Panther validator. Repeat this step for each of your Chrome profiles.

    5. Complete Galxe quests

      Go to Black Panther Finance’s Galxe questpage and complete the social tasks.

      However, in order to claim the OAT, you will need to use Avalanche. Therefore, make sure you have $AVAX in your Metamask wallet to pay for gas fees. Note that if you are going to be withdrawing from an exchange to your Metamask, make sure you do so via AVAX C-chain.

    6. Interact with Black Panther Mainnet

      Go to https://trade.blackpanther.fi/vault. There are 3 featured vaults which offer 3 strategies: Real Yield, Trend Following and Market Making. Deposit into these vaults for potential to earn some passive income!

      However, note that the Market Making vault uses a dual pair of tokens i.e. INJ/USDT. So be careful if impermeant loss!

      Learn more about impermeant loss and why it is a risk HERE

    Featured vaults on Black Panther Finance

    Frequently Asked Questions (FAQs)

    Is it too late to do the Black Panther Finance airdrop?

    No! The airdrop has been going on since August 2023, BUT no snapshot has been announced yet. So, there is still time to complete the airdrop tasks!

    When will Black Panther Finance do their airdrop?

    The Black Panther team have not announced when they will do the airdrop.

    Best strategy for Black Panther Finance airdrop?

    One strategy for the Black Panther Finance airdrop is to focus on the staking validator snapshot. To do this, go to Injective Hub, finding the “Black Panther | Delegate for Claimdrop” validator and staking $INJ there.

    How much $INJ do we need to stake to get $BLACK token airdrop?

    There has not been any announcement yet on how much $INJ you need to stake in order to get the Black Panther token airdrop.

  • Glacier Network ($GLC) token airdrop guide

    Glacier Network ($GLC) token airdrop guide

    Glacier Network ($GLC) is a layer 2 data network that enables decentralized apps to use decentralized databases with programmable data composability and scalability. The Glacier Network team have confirmed they will do a $GLC token airdrop. This is our Glacier Network ($GLC) token airdrop guide!

    What is Glacier Network?

    Glacier Network aims to build a scalable and composable layer 2 data network for decentralized applications. It leverages various decentralized storage solutions and rollup technologies to enable low-cost, reliable, and interoperable data services for web3 developers.

    Will Glacier Network ($GLC) do a token airdrop?

    Glacier Network have confirmed they will do an airdrop. They are currently running a campaign that allows users to claim an On-chain Achievement Token (OAT) and potentially receive an airdrop. Glacier Network will also be integrating Celestia as their modular network. Therefore, there is a chance that Celestia $TIA stakers may also be rewarded with $GLC tokens.

    How to get a potential Glacier Network ($GLC) token airdrop?

    Time needed: 17 minutes

    Here’s how to get a potential Glacier Network ($GLC) token airdrop

    1. Connect to Glacier Network and get FREE GLC!!

      Go to Glacier Network and get 10 FREE GLC with our referral code HERE! On the page, click “Launch App” and you will be directed to connect your wallet.

    2. Create a Nameset

      On the pop up window click “Create a Namespace” and give it a unique name. Sign the transaction. It doesn’t matter which chain you’re on because you’re not paying any gas.

    3. Create a Glacier dataset

      On the same window, click “Create dataset”. Give it a unique name and click “OK” and sign the transaction. Then click on your newly created dataset and complete the name and field sections. Remember to click the check mark next to the description section as this is the node you will be adding, then click the “+” button. Fill in 2 lines.

      As you will need to insert 2 documents in step 4 below, you need to repeat this step to create a total of 2 datasets.

    4. Invite friends

      Invite your friends using your referral link. Note that your invitees also need to create a dataset and insert 2 documents.

    5. Complete Galxe quests

      Go to the Glacier Network Galxe Questpage and complete the tasks. These are mostly social tasks. Remember to claim your OAT!

    Create dataset on Glacier Network

    Glacier Network 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: Glacier Network have confirmed they will do an airdrop. Their main page even has a rewards section!

    Airdropped token allocation: The Glacier Network airdrop allocation is unknown.

    Airdrop difficulty: The Glacier Network airdrop is quite straightforward, you only need to create 2 datasets and complete the social tasks on Galxe.

    Token utility: The $GLC token utility is unknown.

    Token lockup: There is no information on the $GLC token lockup yet.

  • DojoSwap ($DOJO) token airdrop guide

    DojoSwap ($DOJO) token airdrop guide

    DojoSwap ($DOJO) is a DEX built on Injective that aims to provide efficient trading and liquidity mining to the Injective ecosystem. The project have confirmed on their roadmap they will do an airdrop. Learn how to get the DojoSwap ($DOJO) token airdrop with this guide.

    Check out our DojoSwap ($DOJO) token airdrop video guide!

    https://www.youtube.com/watch?v=bgV5EIwSXKo
    DojoSwap AIRDROP: HUGE Yields for Injective STAKING?!

    What is DojoSwap ($DOJO)?

    DojoSwap is a decentralized finance (DeFi) platform on Injective. It is designed to enable users to earn rewards by participating in liquidity provision and farming activities within the cryptocurrency ecosystem. DojoSwap offers a user-friendly way for users to yield farm, which involves staking and providing liquidity to various cryptocurrency assets.

    Key features of DojoSwap include:

    1. Liquidity Provision: DojoSwap allows users to provide liquidity to cryptocurrency pairs, such as INJ and dINJ, to facilitate trading on DEXs.
    2. Staking INJ Tokens: Users stake their INJ tokens to earn dINJ rewards, which represent their share of the liquidity pool.
    3. Farming Rewards: By staking the liquidity pool tokens (e.g., dINJ-INJ LP), users can farm rewards. This includes validation APR from dINJ and Farm APR from $DOJO token emissions.
    4. Trading Fees: Users who provide liquidity can also earn trading fees accrued to the liquidity pool pair, enhancing their potential earnings.

    In essence, DojoSwap simplifies the process of participating in DeFi activities. Thus, making it accessible to users who wish to earn rewards by providing liquidity and staking INJ tokens. It offers the opportunity to earn rewards through various mechanisms while facilitating cryptocurrency trading on decentralized platforms.

    What is the DojoSwap ($DOJO) token?

    The $DOJO token is the native token for the DojoSwap ecosystem, serving several essential purposes:

    1. Governance: DOJO token holders have the power to make decisions and influence the platform’s development and future directions through voting on proposals and changes.
    2. Rewards: DOJO tokens are distributed as rewards to liquidity providers and farmers, incentivizing users to participate in the platform by staking their tokens or providing liquidity.
    3. Staking: DOJO tokens can be staked, allowing users to earn more DOJO tokens over time, enhancing their overall holdings.
    4. Transaction Fee Reduction: DOJO holders enjoy reduced transaction fees when interacting with the DojoSwap platform, making it cost-effective for users.

    DOJO is the backbone of the DojoSwap ecosystem, providing governance power, rewards, staking opportunities, and fee reduction benefits to users. It plays a central role in incentivizing and governing the platform, making it an integral part of the DojoSwap experience.

    How to get the DojoSwap ($DOJO) token airdrop

    Time needed: 29 minutes

    Here’s how to get the DojoSwao ($DOJO) token airdrop

    1. Set up a wallet

      DojoSwap supports the following web3 wallets: Metamask, Keplr, Leap and TrustWallet.

    2. Get Injective ($INJ) tokens

      To participate in DojoSwap, you’ll need Injective Protocol (INJ) tokens. You can buy Injective ($INJ) on various cryptocurrency exchanges such as Bybit or Binance.

      Sign up for a Bybit account here!

    3. Transfer INJ tokens to your wallet

      We suggest funding your wallet with INJ by transferring tokens to your Web3 wallet from your exchange wallet. This is because this is likely to cos the least transaction fees.

    4. Connect to DojoSwap

      Visit the official DojoSwap website (make sure you are using the correct and official website) and click the “Connect” button on the top right hand side.

    5. Stake INJ

      Go to https://dojo.trading/liquid-staking, select the amount of INJ you wish to stake and click “Stake”. You will earn DoJo Injective ($dINJ) tokens as a reward. Note that it will take 24 days to unstake. Alternatively, you can unstake immediately by swapping your $dINJ for $INJ, but this would result in some loss.

    6. BONUS: Maximise your $INJ returns

      To maximise your staking returns and get the maximum effective ROI, stake half of your $INJ to receive $dINJ. Then, farm dINJ-INJ LP in equal amounts i.e. type in the same amount of $INJ and $dINJ. However, we recommend providing slightly less $INJ than what is in your wallet balance as you may need $INJ to pay transaction fees.

      Finally, go to https://dojo.trading/farms and deposit everything into the dINJ-INJ LP farm. By doing this, you will receive $POINTs that will be redeemable to $DOJO, and trading fees generated by the dINJ/INJ liquidity pool pair.

    7. Harvest farming rewards

      Go to https://dojo.trading/farms and click “Harvest” under the farm you have deposited tokens.

    8. Claim airdrops

      Connect to https://dojo.trading/airdrop. Check the upcoming airdrops and click “Claim” to claim the airdrops you are eligible for.

    Check out our guide to the top airdrops on the Injective ecosystem!

    DojoSwap airdrop review

    Likelihood of airdrop: The likelihood that DojoSwap will do an airdrop is very high, as they confirmed on their roadmap that they will distribute $DOJO tokens to eligible participants.

    Airdropped token allocation: Dojoswap have allocated 48 million tokens (6% of their total token supply) towards their airdrops, redemption of $POINTs for $DOJO as well as their marketing and ecosystem grant.

    Airdrop difficulty: The airdrop difficulty is moderate as it involes buying and transferring INJ tokens, connecting to DojoSwap, staking INJ, and harvesting farming rewards. However, you will be using real funds to do this.

    Token utility: DOJO holders receive a share of fees and token burning generated from protocol fees, along with unique privileges like access to exclusive launchpads and integrations with future partners.

    Token lockup: There will not be any lockup for the $DOJO token.

  • PRYZM ($PRYZM) token airdrop guide

    PRYZM ($PRYZM) token airdrop guide

    PRYZM ($PRYZM) is a platform built on Cosmos that allows users to trade their future staking rewards for different types of tokens, such as fixed yield tokens, leveraged yield tokens, or stablecoins. The team have confirmed they will do an airdrop to BOTH Cosmos stakers and PRYZM testnet users. Here’s our guide to the PRYZM ($PRYZM) token airdrop.

    Check out our PRYZM airdrop video guide!

    https://www.youtube.com/watch?v=Axab5iDuxUQ
    Pryzm AIRDROP: HUGE Testnet Airdrop on COSMOS (SUPER EARLY)

    What is PRYZM ($PRYZM)?

    PRYZM is a new way of using DeFi. Built on Cosmos, PRYZM lets people swap, trade, and convert their future income from DeFi into different forms. Here are some of its main features:

    • Fixed Yield Swap: You can exchange your variable income from DeFi for a fixed income for a certain period of time. This way, you can avoid the risk of losing money if the market changes.
    • Yield Leverage: You can borrow money from PRYZM to increase your income from DeFi. You don’t have to worry about paying back the loan or losing your assets if the market goes down.
    • Yield Conversion: You can change your future income from DeFi into any stablecoin, which is a digital currency that has a fixed value. This way, you can protect yourself from the price fluctuations of DeFi assets.
    • Yield Tokenization: You can split your DeFi asset into two parts: one that represents the principal amount and one that represents the income. You can then trade or stake these parts separately or together.

    What is the PRYZM ($PRYZM) token?

    The PRYZM token is the native token of the PRYZM network. It is used to pay for transaction fees, governance, and staking rewards. 

    Will there be a PRYZM token airdrop?

    The PRYZM team have confirmed they will do an airdrop in their upcoming StakeDrop event. Later, they also announced further airdrop criteria. Up to 200 million PRYZM (i.e. 20% of the total token supply) will be airdropped to PRYZM’s Atom, Osmosis and Luna Validators. Users can participate in the StakeDrop by staking one or more of the following tokens: $ATOM, $OSMO or $LUNA. The airdrop amount for each user will depend on the amount and type of tokens they stake, as well as the duration of their participation. The airdrop eligibility criteria and distribution schedule will be announced soon here.

    How to get a potential PRYZM token airdrop?

    PRYZM has confirmed they will do an airdrop to BOTH Cosmos stakers and PRYZM testnet users. Here’s how to get a potential PRYZM token airdrop, as well as some of our additional strategies to maximise your airdrop!

    1. Stake Cosmos $ATOM tokens

      Go to your Keplr (or Leap) wallet dashboard. Click on “Chains” on the left. Click into “Cosmos Hub” and search for the PRYZM validator. Type in the amount of $ATOM you wish to stake and click “Stake”. Note for the airdrop there is no minimum amount which must be staked in order to qualify. However it is likely that the more you stake, the more tokens you will receive.

    2. Stake Osmosis $OSMO tokens

      Follow the same steps in 1 above but in the Chains section, click into “Osmosis”. Search for the PRYZM validator. Select the amount of $OSMO you wish to stake and click “Stake”.

    3. Stake Terra $LUNA tokens

      Go here and fill in the amount of $LUNA tokens you wish to stake. Click “Delegate”.

    4. Mint and hold $cLUNA

      This only applies if you had been bonding your $LUNA to mint $cLUNA. PRYZM have announced that the current $cLUNA contract on Terra will be deprecated. So, users are asked to unbond their $cLUNA before PRYZM’s mainnet launch. However, PRYZM will still be doing weekly airdrop snapshots for $cLUNA holders for 3 more weeks until 2nd February 2024 to allow users time to redeem their $cLUNA.

    5. Complete Zealy quests

      Go to the PRYZM Zealy questboard and complete the tasks. Most of these are social tasks such as interacting with their social media pages. Other tasks include delegating $ATOM, $OSMO and $LUNA which you would have already done in steps 1 to 3 above.

    6. Set up PRYZM testnet

      Connect your wallet to https://testnet.pryzm.zone/. Go to “Faucet” and click “Request tokens” for some testnet $USDSim and $PRYZM. Then, delegate your $PRYZM by going to “Earn” and “Delegate”. Type in the amount of testnet $PRYZM tokens you wish to delegate, select any validator and click “Stake”. You will gain voting power once you have delgated your $PRYZM, so do not forget to vote on any governance proposals.

    7. Delegate and vote on PRYZM testnet

      Delegate your $PRYZM by going to “Earn” and “Delegate”. Type in the amount of testnet $PRYZM tokens you wish to delegate, select any validator and click “Stake”. You will gain voting power once you have delegated your $PRYZM, so do not forget to vote on any governance proposals.

    8. Swap tokens on PRYZM testnet

      Go to https://testnet.pryzm.zone/swap. Swap some $USDSim to $ATOM and $LUNA. We recommend these two swaps because it means you can also bond the tokens using their liquid staking feature (see below).

    9. Bond tokens on PRYZM testnet

      Go to https://testnet.pryzm.zone/pryzm/bond. Select the amount of $ATOM or $LUNA tokens you wish to bond and click “Accept and bond”. You will receive $cATOM and $cLUNA tokens respectively.

    10. Provide liquidity on PRYZM testnet

      Go to https://testnet.pryzm.zone/pools. Most people choose the USDSim/PRYZM or SIM/PRYZM pools. Click into the pool and select the number of tokens you wish to provide and click “Provide liquidity”. Approve the transaction in your Keplr wallet.

      What is interesting about the pools on PRYZM is that you do not need to provide a pair of tokens. You can provide only 1 of the tokens by clicking the red minus button on the token do you not want to provide.

      Providing liquidity will get you $yAssets or $pAssets, which can be used for other features on PRYZM.



    11. Test the rates feature on PRYZM testnet

      Go to https://testnet.pryzm.zone/pryzm/rates and choose between Fixed Yield Token (pAsset) or Variable Yield Token (yAsset). This will swap your $ATOM to $pATOM or $yATOM, as the case may be. You can also click on “Refract” which will allow you to get both $pATOM and $yATOM using $cATOM. Also try the “Merge” feature, which is the opposite of Refract i.e. your $pATOM and $yATOM will be merged into $cATOM.

    12. Try the PulseTrade feature on PRYZM testnet

      PulseTrade is a feature which allows you to break down your trades into smaller parts. This helps you control when they are executed and reduces the price impact caused by larger trades. To use the PulseTrade feature, go to https://testnet.pryzm.zone/pulsetrade and buy liquidity pool tokens using $PRYZM.

    13. Try the FlowTrade feature on PRYZM testnet

      FlowTrade allows users to gradually convert any token to another. Go to https://testnet.pryzm.zone/flowtrade and choose a flow. Click on a live trade, choose the number of $PRYZM tokens and click “Join the flow”. Alternatively you can create your own Flow.

    14. Stake on PRYZM testnet

      Go to https://testnet.pryzm.zone/pryzm/stake. You can stake your LP tokens from step 11 above here i.e. $yAssets or $pAssets.

    PRYZM 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: PRYZM have already confirmed they will do an airdrop and given lots of hints on how to be eligible for it.

    Airdropped token allocation: The PRYZM team will airdrop up to 200 million PRYZM (i.e. 20% of the total token supply).

    Airdrop difficulty: There are a range of tasks to complete, such as social tasks on Zealy, interacting with their testnet and most importantly, staking onto PRYZM’s Validators. There is something for every skill level.

    Token utility: PRYZM token is the official cryptocurrency of the PRYZM network. It is used to cover transaction fees, governance, and staking rewards.

    Token lockup: There is no information on the $PRYZM token lockup yet.

  • Myria Node Tutorial

    Myria Node Tutorial

    Myria nodes are primarily used for gaming based layers, often referred to as Layer 2, which is essentially a scaling solution designed for games. The main function of these nodes is to promote the concept of zero gas fees.

    Becoming a node owner enables you to directly generate Myria. Additionally, as a node holder, you will also receive daily Myria rewards, voting rights, and NFTs. The more nodes that are online, the more the rewards slightly drop.

    Myria Node Tutorial

    https://youtube.com/live/_jJFrtaUAbk

    Acquire Myria tokens which can be converted to U.S. dollars or USDT. Tokens can be purchased and sold on both centralized and decentralized exchanges, such as Bybit or Uniswap.

    Calculate the expected return and the break-even point. A rough calculation can be obtained by multiplying daily rewards by 28 (days of a month). The quantity may decrease as more nodes join. This data provides a general estimate, and the price of Myria could change over time.

    Running a node is a technical task that will require some learning. Two strategies include running it on an old PC or with DigitalOcean.

    Connect your wallet to the Myriad node. Once connected and signed in, transfer your Myria tokens, taking note of the specific value and associated transaction fee.

    Myriad is a gaming-specific blockchain, often referred to as Layer 2. Myriad Node acts like a highway, allowing faster transactions and reduced costs by limiting the amount of information it reports back to Ethereum.

    Proceed with the purchase of the Myriad Node using the Myriad tokens deposited.

    Download the Myriad node client suitable for your operating system (Windows/Mac/Linux). Run the install process until it’s completed.

    Enter your Myriad Node API Key into the installed Myriad Node client. You can locate your Node API Key within your Myriad account.

    Key Updates for Myria

    • Metarush reached a new milestone with the first-ever closed demo in February 20231.
    • The Myria lore received new chapters in March 20231.
    • The Myria Whitepaper was released in March, providing detailed information about the ecosystem, tokenomics, and various features1.
    • The MYRIA token went live in early April, launching first on the OKX exchange and then on KuCoin, Gate, MEXC, Bitmart, and Uniswap1.
    • The founders, Andrew and Brendan, discussed the biggest crypto highlights of 2023
  • SyncSwap ($SYNC) Token Airdrop Guide: Earn money for free!

    SyncSwap ($SYNC) Token Airdrop Guide: Earn money for free!

    SyncSwap is one of the first and biggest protocols in the zkSync ecosystem. SyncSwap is a DeFi hub that allows users to trade and deposit liquidity into pools to earn trading fees, all with the same security as the Ethereum mainnet. (eluminoustechnologies) On 1st March 2023, SyncSwap announced their testnet is live on the zkSync Era testnet. In this article, we look at how you can best position yourself to receive a potential SyncSwap token airdrop.

    Check out our zkSync Airdrop Guide so you can potentially double your rewards!

    SyncSwap Airdrop Step-by-Step Guide

    Here’s how to get a potential SyncSwap ($SYNC) token airdrop:

    1. Connect your wallet to Syncswap.
    2. Swap tokens.
    3. Deposit liquidity to their Pools.
    4. Join their Discord.
    5. Go to their Guild page and complete the tasks.

    See below for more details.

    What is SyncSwap?

    SyncSwap is a decentralized exchange (DEX) that offers users a secure and low-cost way to access DeFi (decentralized finance). Powered by zero-knowledge technology, SyncSwap provides users with a seamless and secure way to trade Ethereum-based assets. With SyncSwap, users can enjoy the benefits of DeFi without sacrificing security.

    Does SyncSwap have a token?

    SyncSwap will have a token in the future, called $SYNC. However, there is no official announcement yet, but with the popularity of airdrops and the positive benefits they can bring to a project (See Blur token airdrop), it is very likely that SyncSwap will do an airdrop. Especially since zkSync is also likely to do an airdrop too.

    SyncSwap $SYNC token confirmed!

    How to receive a potential SyncSwap token airdrop?

    The best method of receiving a potential SyncSwap airdrop is to interact with the SyncSwap Era testnet. Here’s how to receive a potential SyncSwap ($SYNC) token airdrop:

    1. Connect your wallet to Syncswap.
    2. Go to their Swap page. Choose the type and amount of tokens and click “Swap”.
    3. Deposit liquidity to their Pools. On the top bar, click the down arrow, “Positions” and “New Position”. Select USDC and ETH and click “Enter Pool”. Then click “Deposit” located on the left-hand side of the screen and deposit both USDC and ETH. Then, unlock your tokens and deposit them into the pool.
    4. Join their Discord.
    5. Go to their Guild page and complete the tasks.

    The first phase of the SyncSwap loyalty program will last for 30 days from April 10th 14:00 (UTC) and to May 10th 15:00 (UTC+1). During this phase, 900,000 $SYNC will be up for grabs. To participate, start trading ETH, USDC, BUSD (Celer Network) and USD+ to earn ySYNC. You will automatically get 1 ySYNC for every $1 generated in trading fees. It is a non-transferable SyncSwap Loyalty Token that can also be converted to veSYNC tokens.

    How to save gas fees on SyncSwap

    Transaction volume could be the key to getting a potential $SYNC token airdrop. However, gas fees can be very expensive. Here’s 2 top ways on how to maximize your $SYNC airdrop by saving gas fees on SyncSwap:

    Paymaster is a new feature that allows you to use other tokens to pay gas fees AND gives you fee discounts for doing so. Paymaster currently lets you pay gas fees using $USDT, $USDC and $HOLD. To use Paymaster on SyncSwap, make sure your MetaMask wallet and SyncSwap are both connected to the zkSync Era Network. Next, click and hold on your account balance which will bring up the Paymaster window. There, you can see the fee discounts offered by Paymaster when using other tokens to pay gas fees. For example, you get a 50% fee discount when paying with $HOLD! Click the token you wish to pay gas fees with and continue with the swap transaction on SyncSwap.

    1. Alternatively, if you want to use ETH to pay transaction fees, you can save gas fees by wrapping and unwrapping ETH. To do this, wrap and unwrap ETH on the “Trade” tab. Select “ETH” and “WETH” as the tokens and input the amount of ETH to be swapped, then click “Wrap”. Confirm the transaction on Metamask. Then, do the reverse to unwrap your ETH. Gas fees are around $1 per transaction.
    2. Approve token spend. On the “Trade” tab, choose a token and type in “1”. Then click “Unlock”. On your Metamask, select the custom spending cap and click “Next”. Gas fees are around $1 per transaction.
    https://boxmining.com/starknet-token-airdrop/

    SyncSwap 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: SyncSwap has confirmed it will have a $SYNC token. They are likely to do an airdrop considering how it is proven how effective it can be in bringing attention and users to a protocol. Also, SyncSwap is built on zkSync, which themselves are also likely to do an airdrop.

    Airdropped Token Allocation: The tokenomics of the SyncSwap token are unknown.

    Airdrop Difficulty: The project has not yet released details about any airdrops. However, interacting with their testnet may give you a chance to get a potential airdrop. It also only requires testnet tokens, so it is free to do!

    Token Utility: The SyncSwap token utility is unknown.

    Token Lockup: The SyncSwap token lockup period is unknown.