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.
Opyn is an options trading platform built on Ethereum. It currently does not have a token, but the team announced on Discord that they will consider launching one as the protocol matures. As early users, we are in an opportune position to potentially earn massive token rewards. In this article, we will explain what Opyn is and what you can do to position yourself for the airdrop.
Opyn Airdrop Step-by-step Guide
Here’s how to receive a potential Opyn token airdrop:
Opyn is a DeFi options trading protocol that allows users to buy, sell or create options on ERC-20 tokens. It is powered by Squeeth, short for squared ETH, which is a derivative contract that tracks the index of ETH². This allows traders to make a leveraged bet on ETH, while also having protection from losses and not needing to worry about being forced to sell.
Does Opyn have a Token?
As of now, Opyn does not have a token yet. However, the team announced on Discord that they plan to launch one down the line as the protocol becomes more decentralized. Moreover, they also mentioned that most of the tokens will be distributed to the community, DAO, or in the form of grants. This means airdrop opportunities for early users of the protocol!
How to Receive Potential Opyn Token Airdrop?
The best chance to receive a potential Opyn token airdrop is to trade Squeeth (oSQTH token) or use deposit strategies on the platform. It is on the Ethereum mainnet, so you will need some ETH for trading and gas fees. Here’s a step-by-step guide:
Connect Wallet to Opyn
Go to opyn.co and connect your MetaMask or other supported wallets. Switch the network to Ethereum, and have some ETH ready.
Trade Squeeth (oSQTH Token)
Use ETH to buy oSQTH at opyn.co/squeeth. You can enter a long or short position, and it will tell how much your profit/loss and breakeven point is if ETH price goes up or down.
You can see all of your open positions at opyn.co/positions, and close them anytime.
Deposit on Crab USDC Strategy
You can earn yields on your USDC on opyn.co/strategies/crab. It is worth noting this strategy favors sideways market conditions for ETH, hence its name.
Deposit on Zen Bull ETH Strategy
You can earn yields on your ETH on opyn.co/strategies/bull. This strategy favors low volatility markets where the price of ETH trends upwards.
Provide Liquidity on Uniswap V3 SQTH-ETH Pool
You can provide SQTH-ETH liquidity at Uniswap via opyn.co/lp. It gives you exposure to ETH 1.5x leverage, but you give up some of your Squeeth in exchange for trading fees.
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: Opyn doesn’t have a token yet, but the team mentioned that they will launch one as the protocol grows in the future.
Airdropped Token Allocation: The team mentioned that most of the tokens will be distributed to the community, DAO, or in the form of grants. This means airdrop opportunities for early users of the protocol!
Airdrop Difficulty: The steps are easy to complete, but it will require ETH.
Token Utility: Token utilities are unknown.
Token Lockup: There are no available tokenomics yet.
Synthr is a synthetic asset protocol built on Ethereum, Aptos, Sui and Sei. It allows users to mint and trade on-chain derivatives using trustless financial contracts. Most importantly, the team has already confirmed they will do an airdrop! Here’s our Synthr token airdrop guide, which will help you best position yourself for maximum airdrops!
Did you know that some people made over US$10,000 during the Aptos airdrop? Now, Sui is ALSO following suit and doing a potential airdrop. Check out our Sui token airdrop guide!
Synthr ($SYNTH) airdrop step-by-step guide
Here’s how to receive a potential Synthr ($SYNTH) token airdrop:
Synthr is a DeFi protocol that provides traders with access to a universal and omni-accessible market. It was created by a team of experts in DeFi and traditional investors with real-world trading experience. Synthr’s goal is to enable traders to take advantage of the opportunities offered by DeFi solutions and to break down the barriers of traditional finance. It provides traders with the tools they need to succeed in the ever-evolving world of trading.
What is the $SYNTH token?
$SYNTH is the native token of Synthr. According to Synthr’s Whitepaper, $SYNTH will be rewarded for depositing into their vaults. There will be an initial supply of 690,095,238 $SYNTH released at the Token Generation Event (TGE). Most importantly, the team has already confirmed they will allocate 1.7% of these tokens (i.e. 11,731,619 $SYNTH) towards an airdrop. However, there are no further details on when and how Synthr will do the airdrop.
How to get a Synthr $SYNTH token airdrop?
Synthr have confirmed they will do an airdrop, but not how and when this will be. This is likely because Synthr is in a very early stage of development. Their testnet is currently only live for their OGs (of which there are only 100 people). But, is expected to be available for the public in Q1 2023. According to their FAQs, they expect to launch their mainnet in late Q1 2023/early Q2 2023. However, it is likely this will be delayed. Nevertheless, this means you are still early and have a good chance to be part of their future airdrop. Here’s how you can best position yourself for a future Synthr ($SYNTH) token airdrop:
Doing this will put you in the best position to be the first to know when details of the airdrop are finally announced.
Synthr ($SYNTH) token airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Synthr has already confirmed they will do an airdrop. But the details are unknown.
Airdropped Token Allocation: The team has confirmed that 1.7% (i.e. 11,731,619 $SYNTH) of the $SYNTH tokens released at the TGE will be allocated towards airdrops.
Airdrop Difficulty: The Synthr testnet is not open to the public yet. So the only things that can be done now to position yourself for the future airdrop is to join their Discord and follow their social media channels.
Token Utility: The $SYNTH token is given as a reward for depositing into the Synthr vaults.
Token Lockup: Over 690 million $SYNTH will be released at TGE. According to their Whitepaper, the vesting period for a major part of the total token supply have been drawn out for as long as 60 months.
Sentiment is a lending and borrowing protocol built on Arbitrum. It does not have a token, but the team mentioned on Discord that they did not rule it out. As such, if the airdrop is confirmed, early users of the protocol can potentially earn massive token rewards. In this article, we will explain what Sentiment is and what you can do to position yourself for the airdrop.
Sentiment Airdrop Step-by-step Guide
Here’s how to receive a potential Sentiment token airdrop:
Sentiment is a liquidity protocol that enables undercollateralized borrowing and lending. This means that borrowers can create leveraged positions without the need for overcollateralization, which is the more common practice in DeFi. Despite providing capital efficiency and flexibility, the undercollateralized model is challenging in crypto due to the volatile nature of the market. In the event of a default, there is nothing to back the lenders’ fund.
Sentiment aims to solve this issue by assigning a proxy contract that holds the borrower’s collateral and borrowed assets. This means that the borrower never has custody of the loaned assets in their wallet, but they are allowed full control over deploying these assets, as long as it meets the requirements of the system’s risk measures.
Project Funding and Audits
In September 2022, Sentiment successfully raised $2.4 million in a seed funding round led by Archetype Ventures, with participation from Castle Island Ventures, Maxtriport Ventures and numerous angel investors.
Sentiment’s smart contract code has been reviewed and audited by Web3 security firms Arbitrary Execution and Sherlock. Additionally, the team is insuring the first $10 million of total value locked (TVL) on Sentiment in the case of any smart contract vulnerabilities.
Does Sentiment have a Token?
As of now, Sentiment does not have a token. However, the team mentioned in Discord that they have not ruled out the possibility of a token launch. Additionally, DefiLlama has listed Sentiment as one of the tokenless protocols that may have an airdrop.
How to Receive Potential Sentiment Token Airdrop?
The best chance to receive a potential Sentiment token airdrop is to interact with the protocol. On-chain activities are essential to be included in the snapshot for the airdrop. Here’s a step-by-step guide:
Click “Mint A Margin Wallet” on the top right side of the screen. You will need some ETH to cover gas fees.
Deposit Assets on Your Account
Once you set up your wallet, you’ll see your account assets and debt on the main page dashboard. You can deposit some stablecoins, WBTC or ETH to begin using the protocol.
You can borrow and repay tokens at arbitrum.sentiment.xyz/borrow. There is a health factor which shows the safety of your deposited assets against the borrowed assets and its underlying value.
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: Sentiment does not have a token, but the team mentioned on Discord that they did not rule it out.
Airdropped Token Allocation: There are no token distribution information yet.
Airdrop Difficulty: You will need some ETH on your Arbitrum wallet to cover gas fees. Other than that, the tasks are relatively straightforward.
Token Utility: Token utilities are unknown.
Token Lockup: There are no available tokenomics yet.
Nexon Finance’s testnet is now live on zkSync, and users of the protocol can potentially qualify for an airdrop. In this article, we will explain what Nexon Finance is and what you can do to position yourself for the airdrop.
Nexon Finance ($NXN) Airdrop Step-by-Step Guide
Here’s how to get a potential Nexon Finance ($NXN) airdrop:
Connect Your Wallet to zkSync Era Testnet
Bridge ETH Goerli to zkSync
Claim Testnet Tokens on Nexon Finance
Use the Supply, Borrow, Withdraw, and Repay Features
Nexon Finance offers a collection of DeFi lending services that enhance the efficiency of lending and borrowing crypto assets for users. These services are supported by zkSync, a highly secure ZK-rollup that supports almost all tokens and offers instant, low-cost transactions.
By taking advantage of zkSync’s low network congestion, Nexon is able to reduce the impact of high Ethereum gas fees while maintaining security and user control. The Nexon ecosystem includes various products such as pooled lending and peer-to-peer lending, with the goal of creating a comprehensive suite of offerings.
Does Nexon Finance have a Token?
Yes, Nexon Finance confirmed in its whitepaper that there will be a $NXN token. The token offers governance capabilities, enabling stakeholders to make important decisions related to user incentives, grants, and protocol parameters. Additionally, the token provides revenue sharing opportunities, allowing users to earn a portion of the protocol’s revenue by holding the rbNXN token. This incentivizes long-term supporters of the project to continue backing it.
According to its tokenomics, $NXN has a total supply of 97 million tokens. 61% of it will be allocated to community incentives, which usually means an airdrop-opportunity.
How to Receive Potential $NXN Airdrop?
The best chance to receive the $NXN airdrop is to interact with their testnet to be included in the snapshot. Here’s a step-by-step guide:
Connect Your Wallet to zkSync Era Testnet
Go to testnet.nexon.finance and connect your MetaMask wallet. Switch the network to zkSync Era Testnet (or Alpha Testnet if you added the RPC last year).
Bridge ETH Goerli to zkSync
Claim some Goerli ETH for gas fees from faucets such as goerli-faucet.pk910.de or goerlifaucet.com. Then, bridge them to zkSync using the zkSync Bridge. It will take a few minutes for the assets to pop up in zkSync.
Claim Testnet Tokens on Nexon Finance
Click on “Claim Tokens” on the top right hand corner of the screen, then click on “Tweet & Proceed” to start using the testnet.
Use the Supply, Borrow, Withdraw, and Repay Features
Select any asset and enable the “collateral” button on the right side of the tab. You can choose to supply, borrow, withdraw, and repay these assets.
Complete Crew3 Tasks
Nexon Finance has a Crew3 page with various tasks. Connect your Discord account and complete these tasks for a higher chance of receiving an 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: Although Nexon Finance has not officially confirmed the $NXN airdrop, their tokenomics show a large portion of the tokens will be allocated for community incentives. This usually indicates an airdrop for testnet users.
Airdropped Token Allocation: $NXN has a total supply of 97 million tokens. 61% of it will be allocated to community incentives (e.g. airdrops)
Airdrop Difficulty: It is very easy to qualify for the airdrop. All you have to do is connect to the zkSync testnet network in your MetaMask, claim testnet tokens, and start supplying and borrowing assets.
Token Utility: $NXN is a governance token that also has revenue-sharing capabilities, incentivizing long-term supporters.
Token Lockup: 12% and 2% of the total supply are allocated to team members and advisors, respectively. There will be a 6-month lockup and 3-year linear vesting for each.
Collab.Land announced a token airdrop along with the launch of their DAO and Marketplace. The token claim starts on February 23, 2023. Here’s what you need to do to be eligible for their airdrop.
Login to your Discord or Telegram account and log in to your Discord or Telegram account. If you hold a Collab.Land Membership or Patron NFT, you should first join the Collab.Land Discord and claim your role before proceeding with the token claim process.
After the video, there will be a page showing your $COLLAB token airdrop.
Enter your Ethereum address and click “Claim” to have your $COLLAB tokens sent there. No message signature or gas fees are required.
Collab.Land provides a community management platform for tokens and NFTs that can be integrated with Discord and Telegram. The platform allows for easy assignment of permissions to users based on their token ownership, so if a user possesses a specific NFT, they can gain access to exclusive channels according to the NFT’s metadata. Collab.Land also performs regular checks in the background to confirm that users still hold the digital assets that allow them to access the community.
Thousands of communities use Collab.Land to provide token-based access to private chats and content, such as Axie Infinity, Time, and NBA Top Shot.
What is the Collab.Land ($COLLAB) token?
The $COLLAB token will be used for governance.
Who is Eligible for the Token Airdrop?
The following four groups are eligible for the $COLLAB airdrop:
Verified community members in Discord or Telegram
Collab.Land’s top 100 Discord communities based on membership, longevity, and activity
Authorize your Discord or Telegram account and log in to your Discord or Telegram account, as the case may be. If you hold a Collab.Land Membership NFT or a Patron NFT, you should first join the Collab.Land Discord and claim your role before proceeding with the token claim process.
After the video, there will be a page showing your $COLLAB token airdrop.
Enter your Ethereum address and click “Claim” to have your $COLLAB tokens sent there. No message signature is required, and you don’t need to pay gas.
How to claim your $COLLAB tokens (Source: ispeak_nerd)
How many $COLLAB tokens will I receive?
The number of $COLLAB tokens you will receive depends on whether you are a Community Member or NFT holder:
Community Members on Discord or Telegram each get 10 tokens. So those of you who verified both Discord and Telegram would get 20 $COLLAB.
Membership NFT holders with token ID between 0 – 28313 (based on a snapshot taken on 14 February 2023 at 12pm PST) will get 1,412 $COLLAB per NFT.
Patron NFT holders with token ID 0-141 (based on a snapshot taken on 14 February 2023 at 12pm PST) get 281,690 $COLLAB per NFT.
$COLLAB Token Distribution
The total supply of $COLLAB is at 1 billion tokens. The DAO Treasury reserves 50% for future distributions and use. 25% goes to the Lens Protocol team and their partners and investors. The remaining 25% goes to retroactive distribution, which is the airdrop.
Within the retroactive distribution, 60% of $COLLAB goes to the top 100 Discord communities. 16% goes to Collab.Land Patron NFT holders. Another 16% goes to Collab.Land Membership NFT holders, and the last 8% goes to verified community members as of 14th February, 2023.
Collab.Land 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: Collab.Land confirmed there will be an airdrop on 23rd February, 2023.
Airdropped Token Allocation: 60% of $COLLAB goes to the top 100 Discord communities. 16% goes to Collab.Land Patron NFT holders. 16% goes to Collab.Land Membership NFT holders. The last 8% goes to verified community members as of 14th February 2023.
Airdrop Difficulty: If you made the snapshot on 14th February, you just have to wait and claim the tokens starting on 23rd February. But if you missed it, you can try to purchase a Collab.Land Genesis Membership NFT or a Collab.Land Patron NFT on OpenSea.
Token Utility: The primary purpose of the COLLAB token is to be utilized for governance within the Collab.Land ecosystem. If individuals choose to become a part of this community, they will have the opportunity to participate in the governance process as a member of the Collab.Land DAO. Together, they will vote on feature requests, provide bounties, curate the Marketplace, and undertake other governance-related activities.
Token Lockup: The 25% of the total $COLLAB distributed to the core team, investors and partners have a four-year time-based vesting schedule with a one-year cliff.
Frequently Asked Questions (FAQs)
What is Collab.Land?
Collab Land is a decentralized, blockchain-based virtual world where users can build, share and monetize their own 3D creations.
What is the purpose of the Collab.Land Token Airdrop?
The purpose of the Collab.Land Token Airdrop is to reward early adopters of the Collab Land platform with free $COLLAB tokens
What is the value of $COLLAB tokens?
At the time of writing, the value of $COLLAB tokens are $0.254554
How can I get $COLLAB tokens?
You can get $COLLAB tokens if you were eligible fo an airdrop. Otherwise, $COLLAB tokens are traded on UniSwap. See our Uniswap tutorial here.
How many $COLLAB tokens will I receive?
Community Members on Discord or Telegram will each get 10 tokens. So if you verified both Discord and Telegram, you would get 20 $COLLAB. Membership NFT holders with token ID between 0 – 28313 will get 1,412 $COLLAB per NFT. Patron NFT holders with token ID 0-141 get 281, 690 $COLLAB per NFT.
When will the $COLLAB token airdrop end?
You can claim your $COLLAB token airdrop anytime between 6pm MST on 23 February and 23 May 2023
How do I claim by Collab.land $COLLAB token airdrop?
Go to wagmi.collab.land. Authorize and log on to your Discord or Telegram account. After watching the video, enter your Ethereum address to receive your $COLLAB.
Hunting for crypto airdrops is a great way to make free money. Some people have made as high as $10,000 from the Aptos token airdrop. If you missed it, Quai Network is another upcoming project with airdrop qualifications happening right now. Let’s take a look at what Quai Network is and what you can do to receive their token airdrop before it’s too late!
Quai Network ($QUAI) Airdrop Step-by-step Guide
Here’s how to receive a potential Quai Network ($QUAI) token airdrop:
Quai Network is a decentralized network of multiple proof-of-work (PoW) blockchains running in unison. These blockchains have native interoperability, allowing for cross-chain transactions and messages. It is also fully EVM compatible, allowing any Solidity contract to be ported and deployed.
Quai Network provides a novel approach to blockchain scaling, different from parallel processing chains such as Aptos and Sui. It aims to maximize the energy efficiency of PoW by introducing the concept of modularity.
Proof-of-Work 2.0 (PoW2)
Quai Network sought to improve upon the PoW consensus mechanism by addressing its environmental concerns. For the longest time, Bitcoin’s PoW algorithm has been infallible, but it also consumes massive amounts of energy. And it will continue to rise as mining difficulty increases after every Bitcoin Halving event. This is why Ethereum switched to proof-of-stake (PoS).
But Quai Network believes that PoS is inherently centralized due to the amount of money it requires to be a validator, creating a gap between the validator “class” and everyday users. Therefore, Quai Network has introduced an upgraded version of PoW called Proof-of-Work 2.0 (PoW2) where hash power can be reused to secure multiple chains. This is achieved by utilizing a novel combination of merged mining and sharding, reducing computational cost while allowing the network to scale more efficiently.
Merged Mining
Merged mining is the process of securing multiple blockchains with one miner, allowing miners to earn rewards in multi cryptos without having to switch between networks or use additional hardware. It was first conceived by Satoshi Nakamoto in the Bitcoin white paper, in which a completely seperate blockchain could share CPU power with Bitcoin, inheriting the same security and decentralization of Bitcoin without requiring dedicated miners.
Quai Network uses this concept, but instead of having Bitcoin as a parent chain, it has its own parent chain (the Prime Chain) which secures the many other chains beneath it by sharing hashrate. This improves throughput over monolithic chains such as Solana without the need for layer-2 solutions. Moreover, Quai Network is horizontally scalable, which means additional chains can be added to meet network demands. This is possible because of their multi-chain architecture.
Multi-Chain Architecture
Quai Network’s architecture makes use of sharding by dividing a single blockchain into multiple smaller and faster blockchains to improve network performance, similar to Ethereum and Polkadot. Its network is divided into a hierarchical structure of three different types of chains. At mainnet launch, Quai Network will begin with the single Prime Chain, three Region Chains, and nine Zone Chains.
Prime Chain
The Prime Chain is at the core of the entire network, utilizing a hashing algorithm that is shared across all subordinate chains (Region and Zone). It aggregates and settles state transitions across the network, which means miners are required to mine the Prime Chain to keep the blockchains functional.
However, it has the highest mining difficulty, which means it has the slowest throughput (one block every 15 minutes). Therefore, it is not ideal for simple transactions and DApp activities. It is mostly for use in situations where the whole network is being addressed and securing the network.
Region Chains
There are three Region Chains at mainnet launch: Cyprus, Paxos, and Hydra. These chains have lower mining difficulty, thus a higher throughput than the Prime Chain (one block every 5 minutes). These chains handle lesser network interactions that are not necessary to address the entire network. They can also interact natively on the network, but each require unique mining power. Therefore, a miner can only mine a single Region Chain at a time, in addition to the Prime Chain.
Zone Chains
At mainnet launch, each Region Chain will have three Zone Chains under it. These Zone Chains have the highest throughput (one block per 10 seconds) and TPS capacity, making them ideal for regular transactions and contract interactions. As such, most activity on Quai Network will occur on Zone Chains. They are also able to interact with other Zone chains, even those under different Region Chains. But similar to Region Chains, miners can only select one Zone Chain to mine.
Coincident Blocks
Coincident Blocks tie the whole hierarchal structure together, linking all chains which enables cross-chain state transfers and periodic pegging of all chains to the Prime Chain’s total work. These blocks allow the entire network to inherit the same security of the Prime Chain, governed by three rules:
All Prime blocks must contain a Region and Zone block.
All Region blocks must contain a Zone block.
Zone blocks can be mined asynchronously without being included in a Prime or Region coincident block.
Basically, a Coincident block occurs when (1) a Prime, Region, and Zone block are confirmed at the same time OR (2) when just a Region and Zone block. Each time a Coincident block is mined, all blocks since the last coincident block are then confirmed by the Region Chain, continuing upwards until the Prime Chain — think of it as a roll call. Therefore, chains lower in the hierarchy can inherit the security of the Prime Chain while still conducting independent activities.
Who is the Team behind Quai Network?
Quai Network is developed by Dominant Strategies, a technology development company based in Austin. The company was co-founded in 2019 by Alan Orwick, Jonathan Downing, Karl Kreder, Yanni Georghiades, and Sriram Vishwanath, all of whom worked together in the Electrical and Computer Engineering department at the University of Texas. They co-wrote and published the white paper for Quai Network in December 2021.
Dominant Strategies has raised $10 million over two funding rounds — $8 million from Polychain Capital in March 2022 and $2 million from Alumni Ventures in May 2022.
Does Quai Network have a Token?
Yes. $QUAI will be used to ensure network security and as an exchange of value in the ecosystem. Their token supply is hard-capped but its total number is not yet determined. According to their tokenomics, 25% is distributed as “adoption incentives”, 3% for “community” and 0.5% for “testnet incentives.” This means token airdrop opportunities for early users of Quai Network!
How to Receive Quai Network ($QUAI) Token Airdrop?
Quai Network has a Social Media Rewards Program that will airdrop $QUAI tokens for engaging with their Twitter, YouTube, Reddit, TikTok, and Instagram. Compared to other projects, this is one of the easiest ways to earn free tokens.
To begin, join their Discord server and follow their Twitter account. Afterwards, you can check your rewards on the Quai Dashboard. If you have a Citizen role in their Discord server, you will have a 1.5x multiplier for your $QUAI rewards. You can obtain it by completing their survey here. It is easy to do if you have some degree of understanding of the project.
From here on out, Quai Network will reward you $QUAI tokens for your engagement with their social media platforms. As of now, only Twitter and Reddit rewards are available. YouTube, TikTok, and Instagram rewards will be available soon.
Liking and retweeting Quai Network’s Tweets that are less than seven days old (limited to twice a day).
Make a Tweet mentioning Quai Network. Original and insightful Tweets that are liked or replied by Quai Network will grant you additional rewards.
Reddit
Make a unique post in their channel (limited to twice a day).
Make a post about Quai Network in another approved crypto-related Subreddit (limited to twice a day).
It is worth noting that your account must have more than 50 post/comment karma, and the post must be approved by their team. Therefore, it will some time for your rewards to show if you make a post on Reddit.
Quai 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: Quai Network’s token airdrop is now live!
Airdropped Token Allocation: According to Quai’s tokenomics, 25% will be distributed as “adoption incentives”, 3% for “community” and 0.5% for “testnet incentives.” This could mean token airdrop opportunities for early users of Quai Network!
Airdrop Difficulty: Quai Network has a Social Media Rewards Program that will airdrop $QUAI tokens for engaging with their social media accounts on Twitter, YouTube, Reddit, TikTok, and Instagram. This is one of the easiest ways to earn free tokens compared to other projects!
Token Utility: The $QUAI token will be used to ensure network security and as an exchange of value in the ecosystem.
Token Lockup: Participants of Quai Network’s Social Media Rewards Program will receive their $QUAI tokens upon Quai Network’s Mainnet Launch
Onchain Trade has deployed its beta on Arbitrum and zkSync, and users of the protocol can potentially qualify for an airdrop. In this article, we will explain what Onchain Trade is and what you can do to position yourself for the airdrop.
Onchain Trade ($OT) Airdrop Step-by-Step Guide
Here’s how to get a potential Onchain Trade ($OT) airdrop:
Onchain Trade is a new perpetual decentralized exchange (DEX) that offers single token liquidity pools instead of the traditional token pairs in automated market makers (AMMs). This is done by grouping deposited tokens with its native OSD algorithmic stablecoin to form a virtual pair. This approach reduces the risk of impermanent loss, allowing for better capital efficiency for traders, liquidity providers, and third-party projects.
What is Backing the Peg of OSD Stablecoins?
OSD is backed by all the assets in liquidity pools that have a positive OSD balance as well as the treasury. When users trade, they use a starting price to form a pricing curve, similar to Uniswap. However, unlike Uniswap, they only need to use one token instead of two. By essentially connecting all assets to OSD, the protocol aims to maintain stability and avoid sharp price fluctuations seen in other algorithmic stablecoin projects, most notably Terra Luna.
It is important to note that algorithmic stablecoins are still deemed unstable because of its dependency on strong liquidity and market mechanisms. If a large investor were to take actions that significantly impacted the supply or demand of the asset, it could potentially affect the stability of the algorithmic stablecoin.
Does Onchain Trade have a Token?
Yes, Onchain Trade has confirmed in its document that there will be an $OT token. $OT is the governance token of the protocol and it has a non-transferable staking counterpart called vOT. $OT has a total supply of 100 million tokens and it will be launched on Arbitrum.
According to the tokenomics, 50% will be allocated to liquidity/trading incentive and airdrops. Additionally, 10% will be up for public sale (IFO) from 10th March to 17th March 2023. $OT holders will also be eligible for an airdrop!
How to Receive $OT Token Airdrop?
The best way to receive $OT airdrop is to participate in the IFO and interact with their beta testnet. Here’s a step by step guide:
Buy $OT on Onchain Trade Website
Public sale will take place on the Onchain Trade website between 10th March and 17th March 2023. $OT holders will be eligible for an airdrop.
Connect Wallet to Arbitrum or zkSync
Go to beta.onchain.trade and connect your MetaMask. Switch the network to Arbitrum Goerli or zkSync Era Goerli (or Alpha Testnet if you added the RPC last year).
Click “Test tokens” at the top right side of the screen. Afterwards, you can see your account balance at beta.onchain.trade/portfolio.
If you want to see it in your MetaMask, you will need to import the contract address of the tokens to see your account balance. To do this, click the transaction hash and it will redirect you to the block explorer, where you can copy and paste the information to your MetaMask.
Trade on Onchain Trade
Go to beta.onchain.trade/trade to swap tokens including OSD stablecoins, enter long positions, and short positions.
Provide Liquidity on Onchain Trade
Go to beta.onchain.trade/pools and select any available asset you want to deposit. After depositing, you will receive a single LP token. You can also use the borrow and repay feature.
Stake Assets on Onchain Trade
After providing liquidity, you can stake your LP tokens as well as $OT at beta.onchain.trade/earn. You can also use the borrow mining feature after borrowing assets.
Onchain Trade ($OT) 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: Onchain Trade has confirmed in its document that there will be an airdrop.
Airdropped Token Allocation: 50% of the total $OT supply will be allocated to liquidity/trading incentives and airdrop. An additional 10% will be airdropped to holders who buy $OT in the public sale from 10th March to 17th March 2023.
Airdrop Difficulty: The steps are relatively easy. You can buy $OT in the public sale for more airdrops or you can interact with their beta testnet to qualify for the snapshot.
Token Utility: $OT is the governance token of the protocol and it has a non-transferable staking counterpart called vOT.
Token Lockup: The $OT tokens allocated for incentives will follow a 2 to 5 year vesting schedule. The team is allocated 20% of the total supply, which will be locked for the first three months and then distributed linearly over the next 24 months, resulting in a total lock-up period of 27 months.
ArbiSpace ($ARS) is a crypto launchpad built on Arbitrum. They recently announced a live $ARS airdrop event which will end on 6th March 2023. In this article, we will explain what ArbiSpace is and how to position yourself for their airdrop.
ArbiSpace ($ARS) Airdrop Step-by-Step Guide
Here’s a step-by-step guide on how to get a potential ArbiSpace ($ARS) token airdrop:
ArbiSpace leverages the layer-2 rollup technology of Arbitrum to create a secure and smart launchpad for DeFi developers and investors. Essentially, it provides DeFi projects with all the features and tools they need. For example, for token issuance, liquidity management, community operations, and DAO governance. Meanwhile, everyday users can invest in crypto projects at an early stage, with the potential to get the most profit. It also offers revenue-sharing protocols for yield farmers, and has strict moderation mechanisms integrated for safety and security.
Does ArbiSpace have a Token?
ArbiSpace confirmed on their document that there will be a total supply of 170 million $ARS. There will be an initial supply of 300,000 $ARS. ArbiSpace will split this into two rounds: a private round of 130,000 $ARS and a listing round of 170,000 $ARS. The ArbiSpace team has 10.2 million $ARS locked for two years with a linear vesting of 5%. Also, 13.46 million $ARS locked for two years with a linear vesting of 5% for marketing campaigns.
Farming rewards will receive the largest share of 146 million $ARS. Additionally, the smart contract will release 100,000 $ARS per day for farming rewards in a 4-year period according to pre-set rules.
ArbiSpace Airdrop Rounds
40,000 $ARS have been allocated to airdrops. Arbispace announced on Twitter that their airdrop event is now live for a limited time. The team will allocate 20,000 $ARS (worth around $15,000) for a second round of airdrop after 6th March.
All you have to do is go to gleam.io/iocyb/arbispace-special-airdrop-event and complete the tasks to be eligible for the $ARS airdrop. The tasks are very simple. You just have to submit your Arbitrum One wallet address, follow them on Twitter and Telegram. Retweet ArbiSpace and quote their pinned Tweets. You can also refer a friend to boost your chances of getting more $ARS airdrop.
Complete these simple tasks for ArbiSpace airdrop (Source: ArbiSpace)
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: ArbiSpace confirmed on their document that there will be an $ARS airdrop.
Airdropped Token Allocation: 40,000 $ARS in total will be airdropped. The first round, consisting 20,000 $ARS, is live, and the cutoff date is 6th March 2023.
Airdrop Difficulty: The tasks for the airdrop are very simple to complete. All you have to do is (1) submit your Arbitrum One wallet, (2) follow them on Twitter and Telegram, (3) retweet them and quote their pinned Tweets, and (4) and refer a friend for extra entries.
Token Utility: $ARS will be used as a fee for token minting, launchpad, and smart contract locking. $ARS will also be rewarded for yield farming protocols.
Token Lockup: The ArbiSpace team has 10.2 million $ARS locked for two years with a linear vesting of 5%. Also, 13.46 million $ARS locked for two years with a linear vesting of 5% for marketing campaigns.
Eggs have suddenly shown up on our airdrop radar. Seemingly with no actual utility, Eggs calls itself an “eggsperiment in decentralized finance”. The $EGGS token also does not seem to have any use. The only thing that is known about them is that the supply of the EGG token is decreasing by around 0. (https://www.iport.com/) 001% per block or around 7% per day. Eggs however have announced a free $aEGGS airdrop coming soon on Arbitrum, and a user snapshot has not been taken yet. So, you can still be eligible for the upcoming airdrop. In this article, we have compiled our ultimate guide on how to get the Eggs $aEGGS token airdrop.
Here’s a step-by-step guide on how to get a potential Eggs ($EGGS, $aEGGS) token airdrop:
On their website, connect your wallet.
Buy $EGGS on UniSwap.
Stake your $EGGS on either the FULL protec or big protec vaults. Note staking on the smol protec vaults does not make you eligible for the $aEGGS airdrop.
On the “deposit” tab, choose the amount of $EGGS you want to stake and click “Approve”.
To withdraw your $EGGS, click on the “withdraw” tab, choose the amount of $EGGS you want to withdraw and click “Approve”.
EGGS is a decentralized finance experiment that is being threatened by the “Egg Cartel”, a group of criminals stealing EGGS and decreasing the supply by 0.001% every block, or around 7% per day. This has caused a crisis in the EGGS market, and users are tasked with looking for ways to protect their investments.
The project asks users to protect their EGGS by depositing them into secure vaults. The full protec vault offers the highest level of protection and has a locking period of 7 days on deposit and partial withdrawals. Meanwhile, Big and Smol vaults offer partial protection in the form of rewards. Both of these vaults have a locking period of 24 hours and partial withdrawals will not lock them. Depositing or claiming rewards will reset the timer and lock for another 24 hours. Protect your EGGS and earn rewards with secure vaults.
Does Eggs have a token?
Eggs have an $EGGS token with an initial supply of 3,324,324,324,357. However, around 931,616,056,878 of $EGG tokens have already been burned. The current supply of $EGGS is less than 2,000,000,000,000 (and decreasing 0.001% every block). EGG has a debasing mechanism to its token supply, which will reduce the number of EGGS in circulation. This will benefit holders of EGGS, as the price of the token will continue to increase if no one is selling and ETH remains stable. The debasing will affect the entire token supply, including EGGS held in vaults and EGGS held in liquidity pools. This is a great opportunity for holders of EGGS to benefit from the increasing value of the token, as the amount of ETH remains the same.
$EGGS tokens do not appear to have any utility. Except that staking $EGGS in either Full, Big or Smol vaults gets you rewards. There are three types of vaults. Full protec vault will fully protect your $EGGS and won’t be affected by debase. But it has a 7-day locking period. The other two vaults only protect your $EGGS partially in the form of rewards of 10 million $EGGS per block (but subject to change). Big protec vault earns you 9/10 of the rewards by staking EGGS/ETH LP on Uniswap V2. Whereas the smol protec vault earns you only 1/10 of the rewards. Both of these vaults only have a locking period of 24 hours. This 24-hour lock will reset every time you deposit or claim $EGGS in the vault.
$aEGGS tokens will be given during the airdrop for those who have locked their $EGGS in the Big or Full protec vaults. However, it does not appear that $aEGGS tokens have any utility either.
The smart contract for the $EGGS token does have a mint function. This can potentially allow the developer to mint unlimited $EGGS and drive down its market prices due to overwhelming supply. However, according to the project, it is a Timelock contract set for 3 days. This means everyone has time to react for 3 days if the developer does do something.
Eggs however does not seem to be a project with any purpose or token utility, so users and potential airdrop hunters should exercise caution.
How to Receive Potential $aEGGS Token Airdrop?
Eggs has announced on Twitter it will be doing a FREE airdrop on Arbitrum. A snapshot has not been taken yet so users still have a chance to join and be eligible for the airdrop. However, to be eligible for the $aEGGS airdrop, users must have either staked their $EGGS in the Big or Full protec vault. The Smol vault does not count and unclaimed rewards do not count toward the airdrop. According to the team, more details will be announced soon.
$aEGGS is a FREE airdrop coming to Arbitrum. Snapshot has NOT been taking yet. To be eligible you either have to be in Big or Full protec vault. Smol vault does NOT count and unclaimed rewards does NOT count either. 🥚
Here’s how to receive a potential $aEGGS token airdrop:
On their website, connect your wallet.
Buy $EGGS on UniSwap.
Stake your $EGGS on either the FULL protec or big protec vaults. Note staking on the smol protec vaults does not make you eligible for the $aEGGS airdrop.
On the “deposit” tab, choose the amount of $EGGS you want to stake and click “Approve”.
To withdraw your $EGGS, click on the “withdraw” tab, choose the amount of $EGGS you want to withdraw and click “Approve”.
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: The Eggs team have already announced an airdrop. Details are coming soon.
Airdropped Token Allocation: The amount of $aEGGS to be airdropped are unknown.
Airdrop Difficulty: The project has announced that only the Full or Big protec vaults will be eligible for airdrops. However you must buy $EGGS and stake them. And there does not seem to be any actual utility for $EGGS.
Token Utility: There does not seem to be any utility for both $EGGS or $aEGGS.
Token Lockup: The $aEGGS token lockup period is unknown.
Increment Finance is built on the zkSync ecosystem which allows on-chain perpetual swaps that feature automatically concentrated liquidity, dynamic fees, and parametrizable pools. Increment Finance launched on the same day as zkSync Fair Onboarding Alpha. Following this launch, projects on zkSync can continue running contests and bug bounty programs. This means a possibility of airdrops on zkSync ecosystem projects such as Increment Finance. In this article, we provide a guide on how you can potentially get an Increment Finance ($INCR) token airdrop.
Learn more about how to get a potential zkSync airdrop. And don’t miss out on any other upcoming airdrops by signing up for the NEW Boxmining Newsletter to get alerted!
Increment Finance is built on zkSync Era (i.e. zkSync 2.0). It is a decentralized, algorithmic perpetual swaps protocol that features automatically concentrated liquidity, parametrizable pools, and dynamic fees. The protocol joined zkSync Era’s Fair Onboarding Alpha which was launched on 16th February 2023.
Increment Finance is backed by venture funds such as Parafi Capital, Delphi Capital, Dialectic, LedgerPrime, AngelDAO and Skyvision Capital.
Features of Increment Finance
There are 3 main features of Increment Finance. The protocol supports multi-asset collateral (e.g. stablecoins and synthetic assets etc.) for trading perpetual swaps. Increment Finance also integrates Curve V2 Crypto Pools for improved liquidity and trade execution. Finally, users can increase buying power by minting more virtual assets using the Curve V2 trading engine.
What is the Increment Finance ($INCR) token?
Increment Finance has not launched its token, or its tokenomics and distribution model yet. But its latest blog post suggests it would have the ticker symbol $INCR. According to its documentation, the $INCR token will be for governance.
Increment Finance has recently taken a poll, and a proposal was passed that 9,200,000 $INCR (i.e. 46% of its total token supply) will be allocated toward 3 community distributions. In the first phase, 400,000 INCR will be distributed retroactively and be available immediately to specific members of the Increment Finance community. These community members include contest winners, community writers, beta testers and those with a community role. However, the ERC-20 token contract will initially be paused, so the INCR token will not be transferable. A breakdown of which addresses will receive the initial 400,000 INCR tokens is available here.
Phase 2 will distribute 1,000,000 tokens to the community within the first year of the token launch. Finally, the third phase will distribute another 1,000,000 tokens to the community within the second year of the $INCR token launch.
What is the status of Increment Finance?
Increment Finance has joined zkSync’s Fair Onboarding Alpha, which was launched on 16th February 2023. The project is currently actively
Will there be an Increment Finance ($INCR) token airdrop?
Increment Finance has not announced an $INCR token airdrop yet. However, they are actively discussing issues of token creation and distribution in their Governance proposals. Poll voting has recently ended and a governance proposal on phase 1 of $INCR token creation and distribution has been passed. So far, it has been decided that there will be 3 community distributions of the $INCR token. And how the first phase of 400,000 INCR will be distributed has been agreed upon. So here’s hoping the issue of airdrops would be specifically discussed soon. (https://bestsellerpublishing.org/)
How to participate in any potential Increment Finance ($INCR) token airdrop?
Increment Finance has not announced any airdrop yet. However, from the latest passed governance proposal, we can see how Increment Finance community members were eligible for phase 1 of the $INCR community distribution. These members will be retrospectively airdropped a total of 400,000 $INCR between them when the token launches. So based on who were eligible for phase 1 of the $INCR community distribution, here are some ways you can be eligible for any potential $INCR token airdrop:
Participate in any Increment Finance contests or tournaments;
Participate in any beta testing;
Find and report any potential cases of sybil attacks (coming soon); and
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: No airdrop has been announced yet, but a governance proposal has recently been passed which sees a retroactive airdrop of $INCR tokens to specific community members when the token launches. So an airdrop is likely.
Airdropped Token Allocation: Increment Finance has recently taken passed a governance proposal to allocate 9,200,000 $INCR (i.e. 46% of its total token supply) toward 3 community distributions.
Airdrop Difficulty: Increment Finance has not launched its protocol for all users yet. So far the ways to potentially get a $INCR airdrop is to participate in their contests and vote on governance proposals. The latter is relatively straightforward.
Token Utility: The $INCR token is used for governance.
Token Lockup: The ERC-20 token contract for $INCR will initially be paused, so the INCR token will not be transferable by those who got airdrops in phase 1 of the community distribution. However, it is unknown how long this pause will be.
