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Category: Crypto Trends

Make sense of the news and how it affects the blockchain space as a whole. Crypto trends is a collection of relevant news and insights to help you make an informed decision.

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

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

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

    Celestia Airdrop Step-by-Step Guide

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

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

    See below for more details.

    What is Celestia?

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

    How is it Different from Traditional Blockchains?

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

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

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

    Who is the Team behind Celestia?

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

    Does Celestia have a Token?

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

    How to Receive Potential Celestia $TIA Token Airdrop?

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

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

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

    What are the eligibility criteria for Celestia $TIA airdrop?

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

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

    How do I claim Celestia airdrop?

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

    How to get a potential season 2 airdrop?

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

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

    Where can I trade Celestia $TIA token?

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

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    Start trading! Check out our Bybit Exchange Guide and Review

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

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

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

    Airdrop Review

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

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

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

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

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

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

  • SatoshiVM ($SAVM) token airdrop guide

    SatoshiVM ($SAVM) token airdrop guide

    SatoshiVM ($SAVM) is a technology that allows Bitcoin to work with Ethereum’s EVM ecosystem. This means that Bitcoin can now create new assets and applications. SatoshiVM uses a decentralized Bitcoin ZK Rollup Layer2 that is compatible with the EVM ecosystem and uses native BTC as gas. There is a strong chance SatoshiVM will be doing an airdrop, and it will be completely FREE to participate as the tasks are all done on the Bitcoin testnet and Ethereum Sepolia testnet. Here’s our SatoshiVM ($SAVM) token airdrop guide.

    Check out our SatoshiVM ($SAVM) token airdrop video guide!

    SatoshiVM ($SAVM) testnet airdrop GUIDE and UPDATES (DON’T MISS OUT!)

    What is SatoshiVM ($SAVM)?

    SatoshiVM is a virtual machine that runs smart contracts on the Bitcoin network. A virtual machine is a program that acts like a computer inside another computer. A smart contract is a set of rules that can execute automatically without human intervention. The Bitcoin network is a system of computers that use a digital currency called Bitcoin.

    Some of the main features of SatoshiVM are:

    • Compatibility: It can run smart contracts written in different languages, such as Solidity, Rust, or C++.
    • Security: It uses a technique called formal verification to check that the smart contracts are correct and do not have errors or bugs.
    • Scalability: It can handle a large number of transactions per second, thanks to a technology called sharding that splits the workload among different nodes.
    • Privacy: It can protect the identity and data of the users, using methods such as zero-knowledge proofs and encryption.

    Will there be a SatoshiVM ($SAVM) token airdrop?

    There are lots of rumours circulating Twitter that SatoshiVM will do a $SAVM token airdrop. SatoshiVM has recently launched their testnet and only the faucets and the bridges are live. The Swap feature is expected to launch soon. Therefore, we are very early, and it is worth positioning yourself now for this airdrop.

    It is worth positioning yourself for the SatoshiVM because according to the leaked $SAVM tokenomics, the Fully Diluted Valuation of the $SAVM token is very low. And we have seen in other low FDV token launches that returns can be as high as 50x. So, this means that if the SatoshiVM token is launched, it will also likely result in huge returns.

    How to get a potential SatoshiVM ($SAVM) token airdrop?

    Here’s how to get a potential SatoshiVM ($SAVM) token airdrop:

    1. Set up SatoshiVM testnet on MetaMask

      Go to https://testnet.svmscan.io/ and connect your wallet. Then, scroll down and click the “Add SatoshiVM Testnet” on the bottom left hand corner. Approve the transaction on your MetaMask wallet.

      Alternatively, if you want to do this manually, go on MetaMask, click the top left hand button and “Add Network”. Then select “Add network manually” and type the following SatoshiVM Testnet information onto your MetaMask.

    2. Set up UniSat wallet

      Go to https://unisat.io/ and select “Download from ChromeStore”. Follow the steps to set up your wallet. Remember to write down your seed phrase offline and keep it in a safe place so you reduce the risk of losing your funds.

      On your UniSat wallet, go to “Settings” and “Address type”. Make sure that “Native Segwit (P2WPHK)” is the first selection. Then, on “Network”, make sure you are on the “TESTNET” network.

    3. Fund UniSat wallet with testnet Bitcoins ($tBTC)

      Go to https://bitcoinfaucet.uo1.net/send.php and paste your UniSat wallet address for testnet Bitcoins. Accumulate some $tBTC by requesting as much as you are allowed.

      You can also go to https://coinfaucet.eu/en/ to request $tBTC.

    4. Bridge testnet Bitcoins ($tBTC) to SatoshiVM testnet

      This is where the core of the testnet activity will be, because SatoshiVM is made to be a bridge between Bitcoin and the Ethereum Virtual Machine. To bridge test Bitcoins to SatoshiVM Testnet using the SatoshiVM BTC bridge, go to https://bridge.satoshivm.io/. On the “Deposit” tab, type in the amount of testnet Bitcoins ($tBTC) you want to bridge and click “Deposit”.

    5. Bridge more $tBTC

      Repeat steps 3 and 4 above to bridge even more $tBTC to SatoshiVM. Do this more often to position yourself for when more features are launched on the SatoshiVM testnet!

    6. Accumulate some Sepolia ETH

      SatoshiVM has a tSAVM faucet feature which will go live soon. When it does, you will need Sepolia ETH to pay for gas fees. Therefore, to position yourself for when the feature does go to live, go to https://sepoliafaucet.com/, enter your wallet address and click “Send me ETH”.

      You can also go to https://www.infura.io/faucet/sepolia for Sepolia ETH.

    BONUS: SECRET strategies to maximise your SatoshiVM airdrop

    Here are some SECRET strategies to maximise your SatoshiVM airdrop:

    Deploying a smart contract (including tokens)

    To increase your chances of getting the SAVAM airdrop, it’s important to deploy smart contracts on the SatoshiVM testnet. Note you will need a lot of testnet BTC to pay for gas fees (around 0.0010491 testnet BTC), so make sure you have plenty.

    To deploy smart contracts on the SatoshiVM testnet, go to Thirdweb and under the “Contracts” section click “Deploy”. Then click “+Deploy contract”, then under the “Popular” section click on “Token” and then “Deploy now”. We suggest you read the “Technical Design Doc” as it will be very helpful. Follow the instructions provided, including inputting a name, a symbol for the contract and a description. We do not suggest you upload a file for the token logo as an error message will show up. Fill in your address as the primary sale recipient.

    Afterwards, you will need to add the SatoshiVM network. To do this, under “Select Network” click “Add Custom Network” and copy and paste the SatoshiVM Testnet network details from the SatoshiVM docs. Remember to select “Testnet” as the Network type. Finally, click “Add Network”. Once you see SatoshiVM Testnet appear under “Network/Chain”, click “Deploy Now”.

    Click on the “Contracts” tab on the top, find your contract and click on it. There will be an option for you to mint your tokens. Mint your tokens!

    Interact with smart contracts on testnet

    Go to https://testnet.svmscan.io/tokens and under “Tokens” find a token where it is not fully minted yet i.e. those with fewer holders than the max supply. Then, click into a token and look for those with a green check mark next to the word “Contract” i.e. “Contract✓“. Then click “Write contract” and find the “PublicMint” section. In that section, type in the amount you wish to mint and click “Write”. Approve the transaction in your Metamask wallet. Note you will need testnet BTC to pay for transaction fees, which could be a lot.

    Also, clicking into any section under “Contract✓” and filling in details also counts towards the requirement of interacting with smart contracts.

    Run a validator node on SatoshiVM

    Running a validator node on SatoshiVM could further increase your chances of getting the airdrop. To run a validator node on SatoshiVM, go to https://wizard.openzeppelin.com/. Fill in the token name and symbol. Then under features click “Mintable” and click “Open in Remix” on the right hand corner. In the popup window, you an import additional code. This will include making a vendor smart contract or additional proxy smart contracts.

    https://youtube.com/live/O70eXlo01UE
    SECRET Strategies SatoshiVM Airdrop Farmers are NOT telling you…

    How to claim SatoshiVM ($SAVM) token airdrop?

    On 19th January 2024, SatoshiVM ($SAVM) token launched on Uniswap with SAVM/WETH and SAVM/USDC trading pairs. SatoshiVM also launched on Ape Terminal at https://launch.apeterminal.io/project/satoshivm.

    However, the team have announced there is currently no active $SAVM airdrop being claimable under any links. So be wary of any links claiming to be $SAVM airdrop claim links as those are likely scams.

    SatsoshiVM does not have any active $SAVM airdrop being claimable

    SatoshiVM ($SAVM) 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 SatoshiVM airdrop. Considering how good airdrops are for a project’s exposure, we also think SatoshiVM is likely to do a token airdrop.

    Airdropped token allocation: The SatoshiVM airdrop allocation is unknown.

    Airdrop difficulty: The SatoshiVM airdrop only has the bridging function on testnet. So, tasks only involve accumulating testnet tokens for later use when more features are available, and to bridge tokens. Remember it is only testnet so you will not be using real funds! It can’t get any easier than this!

    Token utility: The $SAVM token utility is unknown.

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

  • 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.

  • Cosmos Inscriptions: Mint FREE CFT-20 tokens on Asteroid Protocol

    Cosmos Inscriptions: Mint FREE CFT-20 tokens on Asteroid Protocol

    Cosmos Inscriptions are a type of Non-Fungible Token (NFT) that are minted on the Cosmos blockchain network. Asteroid Protocol now enables the creation of these Cosmos Inscriptions and CFT-20 tokens. Here’s our guide on Cosmos Inscriptions and how to mint free CFT-20 tokens on Asteroid Protocol.

    Check out our video on Cosmos Inscriptions: Mint FREE CFT-20 tokens before they go LIVE!

    https://www.youtube.com/watch?v=3PR8m1I1ZKE

    What are Cosmos Inscriptions?

    Cosmos inscriptions are a type of NFT minted on the Cosmos blockchain network. Inscriptions are essentially individual JPEG images permanently written onto the Cosmos blockchain. This concept is deeply related to the Ordinals Protocol on the Cosmos Hub but extends to Cosmos ecosystem. They can be minted, traded, and potentially hold significant value based on their rarity and desirability within the community. These inscriptions can be unique and collectible, similar to how NFTs work on other blockchains like Ethereum.

    How to mint Cosmos Inscriptions (CFT-20 tokens) for free?

    Time needed: 5 minutes

    Here’s how to mint Cosmos Inscriptions (CFT-20 tokens) for free:

    1. Set up wallet

      Download and set up a Keplr or Leap wallet.

    2. Fund wallet with Cosmos ($ATOM) tokens

      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. Note: 1 ATOM allows approximately 2000 inscriptions.

      Sign up for Bybit here!

    3. Connect to Asteroid Protocol

      Connect your wallet to https://asteroidprotocol.io/app

    4. Prepare inscriptions

      Choose what kind of JPEG image you want to inscribe on the blockchain. This JPEG image will then be your token. Note the JPEG must have minimum dimensions of 250×250, and maximum dimensions of 1024×1024. There is also a maximum file size limit of 550kb.

    5. Create CFT-20 token

      Click “CFT-20 Tokens” and then “Create”. Here you can create your token. Fill in the token information such as the title and ticker. Also, define the maximum supply of your token and then set the maximum you can mint at one time. Upload your JPEG and click “Create token”. Note you will need to pay transaction fees in $ATOM.

    6. See your CFT-20 token

      Go to “CFT-20 Tokens” and “Browse” to look up your token using the ticker you’ve assigned it. Then click “mint”. Remember, the number of times you can mint is determined by how much ATOM you have in your wallet, and you will need to click “mint” each time to mint 1 token. Please note, inscriptions haven’t started trading yet. However, you can mint and get ready for when the marketplace opens.

    Mint Cosmos Inscriptions (CFT-20 tokens) on Asteroid Protocol
    Mint Cosmos Inscriptions (CFT-20 tokens) on Asteroid Protocol

    Conclusion

    Cosmos Inscriptions are a type of Non-Fungible Token (NFT) that are created on the Cosmos blockchain network. The Asteroid Protocol now allows for the creation of these Cosmos Inscriptions and CFT-20 tokens. This is a little known yet potentially valuable avenue in the Cosmos Hub that could offer exciting opportunities. With our guide on how to mint free CFT-20 tokens on Asteroid Protocol, it is very simple and definitely worth a try. What’s more, it may only be free to mint CFT-20 tokens for a limited time!

  • 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.