Category: Latest News

HMX ($HMX, $esHMX)token airdrop guide: Limited time only!
HMX is a decentralized perpetual exchange on Arbitrum that offers leveraged trading and market making with cross-margin and multi-asset collateral. The project will be launching 5 tokens- $HMX, $HLP, $esHMX, Dragon Points ($DP), and Trader’s Loyalty Credits ($TLC). HMX have also confirmed they will do an airdrop of its $esHMX tokens. Here is our guide on how to get the $esHMX airdrop.

Learn more about the Arbitrum airdrop!

What is HMX?

HMX is a decentralized perpetual exchange that offers leveraged trading, leveraged market making, and rewarding incentive programs on Arbitrum. Here are some key features of HMX:
- Leveraged trading: HMX offers leveraged trading on many asset classes with up to 1,000x leverage and cross-margin & multi-asset collateral support.
- Leveraged Market Making (HLP Vault): Users can become market makers on HMX by depositing assets into HLP, a unique vault built on top of GMX’s $GLP token. As at July 2023, the HLP APR is at 38%, and GLP is at 15%. Also, the yields for HLP will never be lower than GLP because HLD also accrues yields from GLP.
- Incentive programs: HMX offers rewards for its platform users. For example, Traders’ Loyalty Credit where for every $1 of trading volume, users will receive 1 $TLC. $TLC can then be staked to earn $HMX. HMX also offers rewards in $esHMX for keeping open leveraged positions and liquidity providers. The project also offers a referral program.
What are HMX tokens?

$HMX token is the Governance token of HMX Protocol, it also accrues value from platform revenue. It has a total fixed supply of 10,000,000 tokens, of this, 40% is allocated towards community incentives. Community incentives however, will be distributed in the form of $esHMX (i.e. escrowed HMX). $esEMX cannot be traded unless it is first vested, but it does possess the same utilities as $HMX tokens.

Meanwhile, users receive $HLP tokens by depositing their assets into the HLP vault, which provides liquidity for leveraged traders at HMX. Each HLP token represents a share of the ownership of assets within the HLP vault. Dragon Points ($DP) is designed to reward long-term supporters of HMX without creating inflation on the HMX tokens. $DP owners can stake them to earn a share of protocol revenue, which is split among staked $esHMX and $HMX. Finally, HMX users will receive 1 $TLC token for every $1 of trading volume. HMX rewards are distributed pro-rata to traders based on their TLC amount each week.

Will there be an HMX token airdrop?

HMX have announced 2 ways to qualify for the HMX token airdrop, either by completing campaigns on Zealy or to become a beta tester. The airdrop will run from 21st June 2023 to around mid to late July 2023. Note that HMX will be airdropping $esHMX tokens i.e. an escrowed version of $HMX. So users will need to vest $esHMX to convert the tokens into $HMX. Here’s how to qualify for the HMX token airdrop.
Time needed: 25 minutes
1. Complete airdrop campaigns on Zealy
  Go to HMX’s Zealy Questboard and complete the tasks. Tasks include social tasks, interacting with the HMX platform and answering quizzes. Note that the team will continuously update the tasks so it is a good idea to check back often for new ones.
2. Become a beta tester on HMX
  Complete the following tasks on HMX to earn points, which will give you a larger share of the airdrop. Firstly, open a leveraged position on a (1) cryptocurrency market; (2) equity market; (3) FX market; and (4) commodity market. Secondly, make a deposit into the HLP liquidity pool.
  
  The total number of points earned will be calculated based on the combination of your transaction value and number of transactions.
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: HMX have confirmed they will do an airdrop, which is now live!

Airdropped Token Allocation: The allocation of $esHMX tokens to eligible participants (i.e. early Perp88 users, beta testers, and participants of Zealy campaigns) will be based on the cumulative trading volume of HMX achieved from now until one month after the Public Open Beta of HMX ends. The Public Open Beta is expected to end around mid-August.

Airdrop Difficulty: HMX airdrop tasks are not difficult as they are mostly social tasks and opening positions in various markets. However, as it is an open beta, you will need to use real funds when trading.

Token Utility: $esHMX tokens will be airdropped to qualifying participants. These will then need to be vested in order to become $HMX. Meanwhile, $HMX is the governance token of the HMX Protocol.

Token Lockup: There will not be any lockup period for $HMX tokens.
July 5, 2023
iZUMi Finance ($iZi) Token Airdrop Guide: How to Earn 3x Airdrops with zkSync and Linea?
iZUMi Finance is a multi-chain DeFi protocol that provides One-Stop Liquidity as a Service (LaaS). iZiSwap, a next-generation DEX on Multi-Chains, is now live on zkSync Era and provides concentrated liquidity AMM and generates extra income for your assets. iZUMi Finance have already confirmed they will do a $iZi token airdrop. iZUMi is in the zkSync ecosystem and partnered with other protocols such as Linea (ConsenSys zkEVM). Therefore, completing tasks for the iZUMi potential airdrop could also make you eligible for a zkSync and Linea airdrop too! Here’s our guide for a potential iZUMi Finance ($iZi) token airdrop.

Check out our related token airdrop guides!
- zkSync ($ZKS) Token Airdrop Guide: How to Earn Double Rewards!
- Linea (ConsenSys zkEVM) Token Airdrop Guide: How to Earn $15,000?
iZUMi Finance ($iZi) Token Airdrop Step-by-Step Guide

Here’s how to get a potential iZUMi Finance ($iZi) Token Airdrop:
1. Swap $iZi tokens.
2. Add liquidity.
3. Earn iPoints.
4. Complete Linea Voyage Week 8.
Click here for more details.

What is iZUMi Finance?

iZUMi Finance is a multi-chain DeFi protocol that provides One-Stop Liquidity as a Service (LaaS). It helps liquidity providers earn additional liquidity mining rewards as well as trading fees on Uniswap V3. iZiSwap, a next-generation DEX on Multi-Chains, maximizes capital efficiency with the innovative Discretized-Liquidity-AMM model. iZUMi Finance also includes LiquidBox, a non-custodial solution for programmable liquidity mining on Uniswap V3 and iZiSwap.

iZUMi Finance has already raised $27.6 million from well-known investors such as Bella Protocol, MEXC, and HashKey Capital. For Q3 of 2023, their goal is to enhance iZiSwap’s trading capabilities and establish the iZUMi partner ecosystem. In Q4, iZUMi intends to launch ZUMi DAO governance.

What is the iZUMi Finance ($iZi) token?

The iZi token is the utility token of the iZUMi Finance platform. It can be used to pay for cross-chain trading fees, incentive pool set-up, and v3Toolbox usage. Additionally, users can stake iZi tokens to acquire ve-iZi tokens. ve-iZi tokens allow holders to access benefits and participate in iZUMi platform governance.

According to their tokenomics, 1% (20 million) of the total supply will be allocated towards airdrops. They will be distributed after listing on 21st December 2022. And will be reserved for iZUMi’s marketing campaigns. iZUMi Finance have also promised to distribute 50% of the tokens received from zkSync and Linea.

How to get a potential iZUMi Finance ($iZi) token airdrop?
Time needed: 1 hour
1. Connect your wallet to iZUMi Finance
  Connect your wallet to https://izumi.finance/home. Note that since the iZUMi platform has already launched, you will need to real funds to interact with their platform.
2. Swap $iZi tokens
  Click on iZiSwap, and “Swap” on the drop down menu. Make sure you have switched to one of their supported networks i.e. BNB-Chain, Aurora Chain, Arbitrum, zkSYync Era, Polygon, Meter, Ontology or Ultron. Choose which tokens you want to swap to and from, and the amount.
3. Add liquidity
  Adding liquidity on iZiSwap allows you to share the zkSync airdrop rewards, so it is worth doing this step. To add liquidity, click on iZiSwap, and “Pools” on the drop down menu. Select the zkSync Era network from the drop down menu on the right. Then, choose the pool you wish to add liquidity to and click “Add Liquidity”. Choose your fee tier and the amount of tokens you want to add. Finally, click “Create”.
4. Earn iPoints
  Connect your wallet to https://zksync.izumi.finance/iPoints. iZUMi Finance have confirmed they will share 50% of any potential zkSync token airdrops it may get in the future. Collecting iPoints, or iZiSwap Points will increase your share of this potential zkSync token airdrop. iZiSwap users on zkSync Era can receive iPoints for every swap & liquidity position added to eligible pools, and by completing weekly tasks on the “iPoints” page. Check here to see how many iPoints you can earn for completing specific tasks.
  
  You can check how many iPoints you have earned by connecting your wallet to https://zksync.izumi.finance/iPoints.
5. Complete tasks for Linea Voyage week 8
  iZUMi Finance and Linea are collaborating for Week 8 of the Linea Voyage! Week 8 will run from June 26th, 2023 9am EST and run until July 4th, 2023 11.59pm EST. By doing actions on iZiSwap you will earn points for both the Linea airdrop and a share of Linea’s future airdrop to iZUMi Finance. iZUMi Finance confirms that they will distribute 50% of Linea’s future airdrop based on iPoints, and completing week 8 of the Linea Voyage will give you an additional 150 iPoints. You can complete tasks such as swapping Linea ETH to iZi tokens, setting limit orders, and adding liquidity. See here for a full tutorial.
iZUMi Finance 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: iZUMi Finance has confirmed they will be allocating their $iZi tokens towards airdrops. iZUMi Finance has confirmed that they will receive 50% of any potential zkSync and Linea airdrops. The distribution to users will be based on the amount of iPoints earned.

Airdropped Token Allocation: 1% or 20 million of the total supply of 2 billion $iZi tokens.

Airdrop Difficulty: Users will need to complete swaps and add liquidity to pools to qualify for the potential airdrop. Also, as iZUMi Finance mainnet is already live, users will have to use real funds when completing the tasks.

Token Utility: The iZi token is used to pay for various fees on the iZUMi platform. You can stake it to acquire ve-iZi tokens, which enable you to participate in governance.

Token Lockup: Sources suggest that there will not be a vesting or lockup period for the $iZi token.
June 30, 2023
Omni Network ($OMNI) Token Airdrop Guide: : Free hidden gem!
Omni Network is a layer 1 blockchain built to connect all rollups. It empowers developers to build global applications that are available across all rollups and is secured through restaking Ethereum. The project has not announced a token or airdrop yet, but their testnet has recently opened. And projects KNOW that one way to get more users is through airdrops, so an Omni Network token airdrop is possible. Here’s our guide to an Omni Network ($OMNI) token airdrop.

Learn more about Layer 2 scaling solutions.

What is Omni Network?

Omni Network is a blockchain technology that operates at layer 1 and connects all rollups. This allows developers to create global applications that work across all rollups and is secured by restaking $ETH.

Omni Network has closed an US$18 million funding round with participation from Pantera Capital, Two Sigma Ventures, Jump Crypto, Hashed, The Spartan Group and others. They have also announced their core technology partner as Eigenlayer with first rollup teams including Arbitrum, Polygon Labs (creators of Polygon zkEVM), StarkWare Ltd (creators of StarkNet), Scroll ZKP and Linea. These projects also have their own airdrops, so maybe there is a chance of getting multiple airdrops in one?
Does Omni Network have a token?

Omni Network has not yet announced a token or airdrop but their testnet has recently become available. Their testnet allows people to stake testnet $OMNI, which is a strong hint that they may release an $OMNI token in the future. Also, there are currently some social tasks which can be completed, which may pave the way for an eventual airdrop.

How to Get the Potential Omni Network Token Airdrop?
Time needed: 30 minutes
Omni Network has recently opened their testnet and set up some social tasks for users to complete. This may be a strong hint that Omni Network is preparing for an eventual token airdrop.
1. Complete tasks on Galxe and claim your OAT
  Connect your wallet to Omni Network’s Galxe page. Follow their Twitter, join their Discord and like their Tweet. Then, claim your OAT, which will position you as an early user of Omni Network.
2. Complete further tasks on Galxe to claim second OAT
  Connect your wallet to Omni Network’s Galxe page. To become an Omni Network Space User, follow their Galxe space. To complete the Optimism Transactors task, perform any transaction on the Optimism chain. Then, claim your second OAT, which will give you access to the Omni Network testnet.
3. Get testnet tokens
  Go to the Omni Network testnet faucet, enter your wallet address and click “Fund”. The faucet is occasionally experiencing errors, so try again if this happens.
4. Stake testnet $OMNI tokens
  Connect your wallet to https://farm.omni.network/ and follow the prompts on your wallet to add and switch to the Omni testnet network. Then, stake (deposit) your $OMNI tokens.
5. Claim staking rewards
  Go to the “Claim” tab where you will see how much $MEME you have earned through staking $OMNI. Click “Claim Now” to claim your rewards.
6. Complete tasks on questboard
  Go to Omni Network’s Zealy Questboard and complete the tasks. Tasks include following their social pages, inviting friends to join Omni and answering quizzes. Here are the answers to Onmi Network’s Zealy quiz: C, A, B, D, A, B, A, C, B, C, A, A, A, A, D.
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: Omni Network has not announced a token or airdrop yet, but the availability of testnet $OMNI for staking on their recently opened testnet suggests the possibility of a future $OMNI token release and potential airdrop.

Airdropped Token Allocation: There are no tokenomics yet.

Airdrop Difficulty: The social tasks are simple. Also, there is only one feature on the testnet so far (staking) which is very user-friendly.

Token Utility: There are no details of the token utility yet.

Token Lockup: There are no tokenomics yet.
June 26, 2023
Hinman documents: Everything you need to know
The Hinman documents are a collection of internal SEC messages concerning a speech given by former SEC Director William Hinman in 2018. These documents have been at the center of attention in the ongoing SEC v. Ripple lawsuit. In this article, we will explore the Hinman documents, their expected unsealing date, and their potential impact on the crypto market and XRP holders. We will also discuss why these documents are important for both the SEC v. Ripple case and the crypto industry as a whole.
Table of Contents

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What are the Hinman documents?

When will the Hinman Speech Documents be unsealed?

What can we expect from the Hinman documents?

Would the Hinman documents refer to the XRP token?

Why are the Hinman documents important for crypto?

Why are the Hinman documents important to the SEC v. Ripple case?

Predictions on the likely outcome of the SEC vs Ripple lawsuit?

What is the potential impact of the Hinman documents on the crypto market and XRP holders?
What are the Hinman documents?

The Hinman documents relate to internal SEC messages concerning a speech given by former SEC Director William Hinman in 2018. In that speech, Hinman stated that cryptocurrencies like Bitcoin and Ethereum may initially be classified as securities. But, as they become more decentralized, can transition into something more similar to a commodity.

Ripple requested these documents in discovery during their lawsuit with the SEC and received them on 21st October 2022. The SEC attempted to keep the documents sealed by claiming that they were not relevant to the case. However, on 16th May 2023, Judge Torres denied the SEC’s motion to seal and ruled that the documents were subject to public access.

When will the Hinman Speech Documents be unsealed?

The Hinman documents are expected to be unsealed on 13th June 2023.

What can we expect from the Hinman documents?

We can expect to see emails and comments made by Hinman, Valerie Szczepanik and SEC staff in relation to Hinman’s speech, as well as drafts of the speech itself. These documents will only have limited redactions.

Would the Hinman documents refer to the XRP token?

The Hinman documents may mention XRP because the SEC enforcement team was dealing with XRP in other matters around the same time Hinman’s speech was being drafted and commented on. Additionally, XRP ranked 2 or 3 in market capitalization following Bitcoin and Ethereum at that time. (Phentermine) So, XRP was definitely in the forefront of the SEC’s minds at the material time.

Why are the Hinman documents important for crypto?

The Hinman documents are important for the crypto industry because they talk about how cryptocurrencies could transition from securities to commodities. This means that the legal status of cryptocurrencies could change over time as they become more decentralized. This will have a significant impact on the future of cryptocurrency regulations. The outcome of the SEC’s case against Ripple could also set a legal precedent. This would in turn affect the entire crypto industry.

Why are the Hinman documents important to the SEC v. Ripple case?

The Hinman documents are important to the SEC v. Ripple case. Including all current and potential enforcement actions by the SEC against other crypto projects, exchanges, companies, and tokens. This is because the documents may contain comments suggesting that XRP does not satisfy all elements of the Howie Test. This implies that it is not a security for purposes of the Federal Securities Laws.

Ripple CEO Brad Garlinghouse is anticipating the release of these documents, saying that they will be “well worth the wait”. This suggests Ripple expects the documents to contain information favouring Ripple and their contentions that XRP is not a security.

Predictions on the likely outcome of the SEC vs Ripple lawsuit?

There are predictions that there will be a 25% chance that Ripple will see an outright victory in the SEC vs Ripple lawsuit. Versus a 5% chance of an outright win by the SEC.

What is the potential impact of the Hinman documents on the crypto market and XRP holders?

The release of the Hinman documents could shed light on the SEC’s views on crypto. Especially as the SEC pursues its case against Ripple. The entire crypto industry is closely watching the case over whether XRP is a security. This is because it could set a legal precedent which would affect the entire industry. This ruling could also affect Ripple’s fair notice defense and the court could issue a summary judgment ruling soon. Some suggest that the court may even announce it before 30th September 2023. Therefore, the release of the Hinman documents could have an impact on the crypto market and XRP holders.

Lawyer John Deaton is positive that the SEC vs Ripple lawsuit will be in Ripple’s favour. He also predicts that in such case, the prices of the XRP token may go up from US$2 to $10. As at 13th June 2023, the price of XRP is US$0.52.
June 13, 2023
Velocore ($VC) token airdrop guide: How To Get Second Airdrop?
Velocore ($VC) is a groundbreaking solution that synthesizes top-tier DEX methodologies into a novel, high-performance flywheel. It is the first ve(3,3) DEX on zkSync and aims to expedite and augment liquidity by incentivizing $veVC holders or procuring veVC to strategically reallocate emissions towards their liquidity pools. Meanwhile, Velocore have also announced their Velocore V2 will be launched on Linea, so there may be airdrop opportunities there too! Therefore, participating in a potential Velocore airdrop could also make you eligible for zkSync AND Linea airdrops too! This article will give you a step by step guide on how to position yourself for a potential Velocore ($VC) token airdrop.

Learn how to get the potential zkSync airdrop and Linea airdrop!
Table of Contents

Toggle
Velocore airdrop step-by-step guide

What is Velocore?

Does Velocore have a Token?

Is there a Velocore ($VC) Token Airdrop?

Velocore Airdrop Review
Velocore airdrop step-by-step guide

Here’s how to get a potential Velocore ($VC) token airdrop:
1. Connect your wallet to the Velocore Questboard.
2. Join Discord.
3. Follow Twitter, like, reply and retweet to post.
4. Tweet about Velocore.
5. Visit Velocore’s Medium page and clap their article.
6. Invite friends to Velocore.
See below for more details.

What is Velocore?

Velocore is a groundbreaking solution that synthesizes top-tier DEX methodologies into a novel, high-performance flywheel. Velocore is built on zkSync Era, a Layer-2 protocol that uses ZK technology to scale Ethereum. Velocore’s aim is to provide users with a fast, secure, and efficient way to trade assets while minimizing transaction fees and slippage and supporting various protocols onboard for the zkSync era ecosystem.

At the same time, Velocore is embarking on a new journey with Linea, a zkEVM layer 2 protocol developed by ConsenSys. This new venture will be independent from the current Velocore running on zkSync Era and will be based on the upcoming Velocore V2 system. The official launch of Velocore V2 on the Linea platform will take place after the full launch of the Linea Mainnet.

Velocore already did an airdrop of POAPs to supporters when it launched on zkSync era with overwhelming success. Therefore, it is likely that Velocore may do another airdrop when Velocore V2 launches on Linea!

Does Velocore have a Token?

Velocore uses two tokens, $VC and $veVC, to manage its utility and governance. The protocol rewards liquidity providers through emissions using the ERC-20 utility token $VC. For governance, Velocore uses the ERC-721 governance token $veVC in the form of an NFT (non-fungible token). Any $VC holder can vote-escrow their tokens and receive a $veVC (also known as veNFT) in exchange.

$VC tokens have a locking mechanism. The lock period for $VC tokens can be up to 4 years. The longer the lock period, the more $veVC tokens are received in exchange. The longer the vesting time, the higher the voting power and rewards for the $veVC holder.

At launch, Velocore had an initial supply of 60m $VC and will allocate 7.5% of it towards supporting and rewarding its contributors. Check out Velocore’s Tokenomics for more details.

Is there a Velocore ($VC) Token Airdrop?

Velocore did an airdrop in April 2023 to celebrate its launch on zkSync. Those who were eligible received a POAP which allowed them to claim a maximum of 5,550 $VC. Now, Velocore is planning to launch Velocore V2 on Linea after the full launch of Linea Mainnet. Considering the success of their previous airdrop, it is likely that the team may do an airdrop to celebrate the launch of Velocore V2. So far, the team have hinted they will have a Galxe campaign and may have an initial product ready for the DeFi event in June 2023. Meanwhile, there are a few tasks you can do to prepare yourself. Here’s a step by step guide on how you can get started with a potential Velocore $VC token airdrop.
Time needed: 25 minutes
1. Connect your wallet to the Velocore Questboard
  Connect your wallet here.
2. Join Discord
  On the Questboard, join Velocore’s Discord and click “Claim Reward”.
3. Follow Twitter, like, reply and retweet to post.
  Follow Velocore Twietter, like, reply and retweet their post. Then, click “Claim Reward”.
4. Tweet about Velocore
  Tweet about Velocore, paste the link to the Tweet on the Questboard and click “Claim Reward”.
5. Visit Velocore’s Medium page and clap their article
  Visit the Medium page, clap at least one of their articles and click “Claim Reward”.
6. Invite friends to Velocore
  On the Questboard, click “Invite” to generate your invite link (here’s ours!). Invite up to 1, 5, 10, 100 and 200 new members to the Questpage for XP points and additional Discord roles.
Velocore 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: Velocore is likely to do an airdrop as they have successfully done one in the past.

Airdropped Token Allocation: Velocore will allocate 4.5 million $VC towards the ecosystem fund, and a part of this will go towards airdrops.

Airdrop Difficulty: The project has not yet released full details about its airdrop rules. However, you can get started with completing the tasks on their Questpage. These are social tasks and do not require any funds.

Token Utility: The $VC token is an ERC-20 utility token of Velocore used for rewarding liquidity providers through emissions.

Token Lockup: There is no announcement on token lockup yet. The project stated that they will release $VC tokens allocated towards their ecosystem fund step by step a few days after launch.
June 8, 2023
Holograph ($HLG) Token Airdrop Guide: How to get double airdrops with LayerZero!
Holograph is a next-generation NFT minting platform that has integrated the LayerZero protocol into its services, enabling interoperability and omnichain capabilities. Holograph will have its own $HLG token, and there are hopes that the team will do a token airdrop to reward its supporters. There may even be a chance that participating in a potential Holograph airdrop make also make you eligible for a LayerZero airdrop too! This article will give you a step by step guide on how to position yourself for a potential Holograph $HLG token airdrop.

LayerZero is one of the most anticipated airdrops of 2023! Learn how to get this potential airdrop here!

Holograph ($HLG) Airdrop Step-by-step Guide

Here’s a step-by-step guide on how to get a potential Holograph ($HLG) token airdrop.
1. Connect your MetaMask wallet to https://app.holograph.xyz/
2. Create an NFT collection
3. Bridge NFTs across networks
4. Complete Questboard tasks
What is Holograph?

Holograph is a multichain digital asset infrastructure for the web3 ecosystem. It enables the deployment of natively multichain digital assets, which are assets that exist as single instances across multiple execution environments. Non-fungible tokens minted with Holograph (hNFTs) maintain the same contract address and token ID on all EVM environments, enabling them to move between networks with perfect provenance. Fungible tokens that are wrapped with Holograph (hTokens) maintain the same contract address on all EVM environments, providing a clear and concise method for auditing locked liquidity. With Holograph, all digital assets are minted equally, and it renders network tribalism obsolete.

Holograph uses LayerZero for cross-chain message passing, with all critical business logic managed by the Holograph Protocol, and is designed to be modular, allowing for integration with various cross-chain message passing designs.

Does Holograph have a token?

Holograph has a native token, $HLG. To execute jobs, operators must bond the $HLG token. The probability of getting selected to execute a job is based on the number of tokens bonded – the more tokens bonded, the higher the probability of selection. The $HLG token has not been launched yet.

How to Receive Potential Holograph ($HLG) Token Airdrop?

Holograph has not announced any airdrop yet. However, they have a $HLG token which is not yet launched. But with the potential of a LayerZero airdrop creating so much attention and hype for the project, it is likely that Holograph, being an ecosystem project, may also follow suit and do its own airdrop. Here’s how to receive a potential Holograph ($HLG) token airdrop.
Time needed: 40 minutes
1. Connect wallet
  Connect your MetaMask wallet to https://app.holograph.xyz/
2. Create NFT collection
  Click “Create” on the top bar and “Create Collection”.
3. Deploy NFT collection
  Fill in your preferred collection details and click “save”. Then deploy the NFT collection. This will cost around 0.06 ETH.
4. Bridge NFTs between networks
  Bridge NFTs between networks by clicking on “Bridge” on the top bar. Then, choose the networks you wish to bridge to and from, and the NFT collection. Finally, click “Bridge”.
5. Complete Questboard tasks
  Go to Holograph’s Questboard and complete the tasks. Tasks include following their social media channels and reading their documentation.
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: Holograph has not announced when it will launch its $HLG token, or if it will do an airdrop yet. But with the success and potential airdrop from LayerZero, and Holograph being an ecosystem project, there could be a good chance of a future token airdrop.

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

Airdrop Difficulty: Holograph has not yet released details about its airdrop. However, doing the tasks it may be helpful towards a potential LayerZero airdrop. So there’s no harm in doing these tasks, meanwhile, there is much potential gain.

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

Token Lockup: Holograph has not given any information on its token yet.
June 7, 2023
Snipa Finance Token Airdrop Guide: Free NFT on Venom
Snipa Finance is a DeFi portfolio tracker that operates across multiple blockchains and enables users to manage their assets. It is powered by Venom and Everscale.

Venom Foundation may also do a $VENOM token airdrop (Airdrop guide here). So this is a chance to earn double rewards!

Snipa Finance Airdrop Step-by-Step Guide

Here’s how to mint the free Snipa Finance NFT:
1. Create your Venom wallet and claim testnet $VENOM tokens. See our full guide here.
2. Mint the first Venom NFTs. Full guide here.
3. Connect your wallet to https://venom.network/tasks/snipa-finance
4. Tweet about Snipa Finance.
5. Check your portfolio on Snipa Finance.
6. Finally, click “Mint” on the last task.
Click here for more details.

What is Snipa Finance?

Snipa Finance is a DeFi portfolio tracker that allows users to manage their assets across multiple blockchains. It is supported by Venom and Everscale, and it is currently available on Venom testnet. Venom users can now use the Snipa Finance analytical tool to keep track of and manage their assets.

Does Snipa Finance have a token?

Snipa Finance does not have a token yet. But they are airdropping free NFTs for you to mint. Also, since Snipa Finance is part of the Venom ecosystem, getting the NFT may be helpful in getting both a Snipa Finance and Venom potential airdrop!

How to receive potential Snipa Finance Token airdrop?

Snipa Finance currently does not have its own token and has not announced any airdrop yet. However, they are offering free NFTs for users to mint. As Snipa Finance is part of the Venom ecosystem, obtaining an NFT may increase your chances of receiving potential airdrops from both Snipa Finance and Venom. Here’s how to mint the free Snipa Finance NFT:
Time needed: 1 hour
1. Create your Venom wallet and claim testnet $VENOM tokens.
  See our full guide here.
2. Mint the first Venom NFTs.
  Full guide here.
3. Connect your wallet to the task page
  Connect your wallet to Snipa Finance’s task page at https://venom.network/tasks/snipa-finance
4. Tweet about Snipa Finance
  On the task page, click “Tweet” to tweet about Snipa Finance. Post the tweet and then click “Check”.
5. Check your portfolio on Snipa Finance
  Connect your wallet to Snipa Finance and click “Join Venom Testnet”. In the popup window, confirm the transaction. Go back to the task page and click “Check” under the second task.
6. Mint your NFT
  On the task page, click “Mint” on the last task. Then, confirm the transaction in the popup window.
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: Snipa Finance has not announced a token or airdrop yet. But with the success and potential airdrop from Venom, and Snipa being an ecosystem project, there could be a good chance of a future token airdrop.

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

Airdrop Difficulty: Snipa has not yet released details about its airdrop. However, minting the Snipa NFT is free since it is on the Venom testnet. Also, it may be helpful towards a potential Venom airdrop. So there’s no harm in doing these tasks, meanwhile, there is much potential gain.

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

Token Lockup: Snipa Finance has not given any information on its token yet.
June 6, 2023
zkLend ($ZEND) Token Airdrop Guide: How to earn double airdrops!
zkLend began its creation in late 2021 with aims to create a layer 2 money-market protocol built on StarkNet. With StarkNet being one of the hottest anticipated airdrops, there is massive speculation that zkLend will also have an airdrop. Particularly since zkLend’s V1 mainnet is fast approaching. This guide will teach you how to get a potential zkLend ($ZEND) token airdrop, which may also increase your potential StarkNet airdrop too!

Learn more: StarkNet ($STRK) Token Airdrop Guide: How to Qualify?

zkLend ($ZEND) Airdrop Step-by-step Guide

Here’s how to receive a potential zkLend ($ZEND) token airdrop:
1. Go to the zkLend website.
2. Connect a StarkNet wallet such as Argent or Braavos.
3. Obtain some testnet ETH tokens and bridge to StarkNet.
4. Interact with the Artemis testnet by supplying or borrowing tokens.
5. Complete tasks on zkLend’s Questboard.
See below for more details.

What is zkLend?

zkLend is a money-market protocol built on StarkNet. Its aim is to combine the best of zk-rollups and Ethereum. zkLend will enable users to earn interest on deposits and borrow assets. To achieve this, zkLend will be offering a dual solution in the form of 2 products: Artemis, and Apollo.

Currently, zkLend has launched the Artemis MVP testnet on StarkNet Goreli testnet. Artemis is designed for regular DeFi users, and enables them to deposit, borrow and lend in a decentralized and permissionless manner on StarkNet.

zkLend’s other major product, Apollo, is designed for institutional clients. The aim of Apollo is to become a gateway for institutional users into the world of DeFi. It will allow permissioned users to deposit, borrow and lend on StarkNet, but without compromising on compliance and security.

What is the zkLend ($ZEND) token?

The zkLend ($ZEND) token has not been launched yet. However, when it does, there will be a total token supply of 100 million tokens. 35% of the total supply of $ZEND tokens will be allocated towards staking and distribution rewards.

The ZEND token is intended for governance and utility functions on zkLend. In particular, ZEND tokens will be rewarded to users when they interact with the zkLend network. For example, ZEND tokens will be distributed for users when borrowing/lending or providing liquidity to the network. Also, when users participate in community events or marketing/airdrop campaigns. ZEND token holders will also be entitled to voting rights which allow them to vote on future features of zkLend.

What is the Current Status of the zkLend ($ZEND) Token Airdrop?

zkLend has not launched its $ZEND token yet. However, the chances of zkLend doing an airdrop are promising. This is because they have already stated in their Whitepaper that a proportion of zkLend’s revenue would be allocated for airdrop campaigns.

How do I participate in the $ZEND token airdrop?

As there is no official airdrop announcement yet, many users can only speculate how to become eligible for $ZEND token airdrops. It is speculated that users could participate in the Artemis public testnet. This is in the hopes that completing zkLend testnet actions will inevitably entitle them to airdrops when the $ZEND token is launched. However, users should note that an airdrop is not guaranteed.
Time needed: 30 minutes
How to get a potential zkLend $ZEND token airdrop
1. Go to the zkLend website
2. Connect a StarkNet wallet such as Argent or Braavos.
3. Obtain some testnet ETH tokens and bridge to StarkNet.
  Get testnet ETH here and bridge to StarkNet here.
4. Interact with the Artemis testnet by supplying or borrowing tokens.
  Interact with the Artemis testnet here.
5. Complete tasks on zkLend’s Questboard
  Connect your wallet to zkLend’s Questboard and complete the tasks. Tasks include joining their Discord, liking and retweeting their Tweets, and submitting your Starknet mainnet wallet address.
Artemis is still in the testnet stage, and it is hoped that the mainnet will be launched in 2023, as well as the launch of the $ZEND token.

Meanwhile, check out our picks for the top Upcoming Crypto Airdrops!

zkLend 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 zkLend ($ZEND) token has not been launched yet. But the team has said that $ZEND tokens would be allocated towards staking and distribution rewards.

Airdropped Token Allocation: zkLend ($ZEND) will be a total token supply of 100 million tokens. 35% of the total supply of $ZEND tokens will be allocated towards staking and distribution rewards.

Airdrop Difficulty: It is possible that participating in the Artemis public testnet could make you eligible for a potential $ZEND airdrop. Whilst this requires time and technical knowledge, you will only be using testnet ETH so it does not cost any money on your part. Otherwise, there are simple social tasks on their Questboard which are easy to do. There may also be a possibility that doing zkLend tasks may make you eligible for the potential StarkNet airdrop too!

Token Utility: The ZEND token is intended for governance and utility functions on zkLend. ZEND tokens will also be rewarded to users that interact with the zkLend network.

Token Lockup: There is no announcement on the $ZEND token lockup yet. However, it is hoped that the mainnet will be launched in 2023, together with the $ZEND token.
June 6, 2023
Orbiter Finance Token Airdrop Guide: Huge gains to be made!
Orbiter Finance is the hottest bridge for emerging layer-2 blockchains right now. They have confirmed they will issue a token. No airdrop has been officially announced yet, but it IS hinted. This means that no snapshot has been taken yet, and early users can potentially earn huge airdrop rewards. In this article, we will explain what Orbiter Finance is and what you can do to position yourself for their potential airdrop.

Airdrop do make project great🤔
— Orbiter Finance 🛸 (@Orbiter_Finance) February 22, 2022

Orbiter Finance Airdrop Step-by-step Guide

Here’s how you can get a potential Orbiter Finance token airdrop:
1. Connect your MetaMask or other Ethereum/Polygon/zkSync/Arbitrum wallet.
2. Select the chain you want to send your assets to.
3. Complete the transaction.
4. Get Discord Roles
5. Claim Orbiter Pilots NFT
See below for more details.

What is Orbiter Finance?

Orbiter Finance is a decentralized bridge that supports cross-rollup transfers between Ethereum and other layer-2 blockchains such as zkSync and Arbitrum. Users can move ETH, USDC, USDT, and DAI between those supported networks.

It is secured by a series of smart contracts that involves two roles: Sender and Maker. The Maker provides liquidity for the transfer initiated by the Sender. If the Maker does not carry out their role, the Sender can initiate an arbitration request to the contract with the Maker’s margin and receive compensation for any excess losses.

Does Orbiter Finance have a Token?

Orbiter Finance does not have a token yet, as they are currently focusing on developing the protocol and improving user experience. However, in a recent Tweet, they strongly hinted at issuing a token as well as a possible airdrop. Moreover, Orbiter Finance has closed its first round of funding with participation from Tiger Global, A&T Capital, StarkWare, and even Vitalik Buterin. As such, DeFi projects backed by major players tend to launch a token after product completion.

How to Receive Potential Orbiter Finance Token Airdrop?

The best chance to receive Orbiter Finance token airdrops is to bridge ETH or stablecoin assets between the 11 supported networks. Here’s how to get a potential Orbiter Finance airdrop:
1. Connect your MetaMask or other Ethereum/Polygon/zkSync/Arbitrum wallet.
2. Select the chain you want to send your assets to.
3. Complete the transaction.
Although it is recommended to bridge assets frequently to increase your airdrop chances, there will be a transaction fee. However, Orbiter will modify its fees based on the Gwei of the destination network to maintain a fee that is below the average, but this will not happen frequently due to the volatile nature of gas fees. The sender can view the current fee on the Orbiter website.

Get Discord Roles

Get higher ranking roles on Orbiter Finance’s Discord by completing tasks on their Guild page. The requirements for the Orbiter Finance roles are as follows:
1. Member: Connect your wallet to the Guild page.
2. Flying Alien: Have the UFO emoji in your Twitter username and follow Orbiter Finance’s Twitter.
3. Trainee Pilot: Complete 3-9 transactions on Orbiter Finance.
4. Pilot: Complete 10-49 transactions on Orbiter Finance.
5. Elite Pilot: Complete 50-99 transactions on Orbiter Finance.
6. Expert Pilot: Complete 100-499 transactions on Orbiter Finance.
7. Ace Pilot: Complete 500 transactions or more on Orbiter Finance.
You can check the number of transactions by connecting your wallet here. Note that the allowlist is only updated once a week on Mondays, so you will need to check the Guild page frequently. You must have a role of Trainee Pilot or above in order to be included in their allowlist.

Claim Orbiter Pilots NFT

Orbiter has created an NFT series for Orbiter Pilots (i.e. Orbiter users). There are 5 NFTs based on your Discord role. To claim your Orbiter Pilot NFT, connect your wallet to their Galxe Page and click “Claim”. Note you will need MATIC to pay for gas fees when claiming your NFTs.

Airdrop Review

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

Likelihood of Airdrop: There is no confirmation of a token launch and airdrop by Orbiter Finance, but they hinted in their Tweet that they are considering issuing a token as well as a potential airdrop.

Airdropped Token Allocation: Since there is no token launch yet, tokenomics data are not available.

Airdrop Difficulty: If there is a potential airdrop, the steps to be eligible is fairly easy. All you have to do is connect your wallet on their platform and bridge assets to another chain. It is recommended to do this frequently, but be cautious of transaction fee.

Token Utility: Since there is no token launch yet, token metrics are not available.

Token Lockup: Since there is no token launch yet, tokenomics data are not available.
May 30, 2023
Ledger Recover: Everything You Wanted To Know

Ledger, the company behind the Ledger Nano X and Nano S Plus cryptocurrency hardware wallets has just announced its new product called Ledger Recover. Ledger Recover is an ID-based key recovery service that provides a backup for your Secret Recovery Phrase. If you lose or don’t have access to your Secret Recovery Phrase, the service allows you to securely restore your private keys using a Ledger device.

Check out our Ledger Nano X Review and Ledger Nano S Plus Review.

CLICK BELOW TO BUY!

What is Ledger Recover?

Ledger Recover is an ID-based key recovery service that provides a backup for your Secret Recovery Phrase. The Secret Recovery Phrase is a 24-word phrase that is used to restore your private keys if you lose access to your Ledger device. With Ledger Recover, if you lose or don’t have access to your Secret Recovery Phrase, the service allows you to securely restore your private keys using a Ledger device.

How to use Ledger Recover?

The process of using Ledger Recover involves several steps. First, your identity is verified using your ID document and a selfie recording. Next, your Ledger Nano X duplicates your Secret Recovery Phrase and encrypts the duplicate. This encrypted duplicate serves as the backup for your Secret Recovery Phrase. The system then links the backup to your verified identity and fragments it into three pieces. Ledger, Coincover, and a third provider independently secure each of the encrypted fragments.

Accessing your wallet with Ledger Recover is seamless: all you need is your ID and your current Ledger Nano X or a new one. You alone can start the recovery process, which is ensured using double ID verification. The service relies on companies with industry-leading encryption and ID verification technology to provide a secure and reliable service.

Who is the Ledger Recover good for?

Ledger says the Ledger Recover is good for those who are new to cryptocurrency and may find it difficult to back up and keep their Secret Recovery Phrase safe. It is also good for those who would like another backup of their Recovery Phrase in another location.

Will the Ledger Recover be available on all Devices?

At present, Ledger Recover only works with the Nano X. Soon, it will also work with the Nano S Plus and Ledger Stax. However, it is not compatible with the Nano S.

Do I have to use Ledger Recover?

No, Ledger Recover is a completely optional service that you must choose to use. To choose to use the service you must subscribe with 2 different partners and create accounts with them. After you sign up, Ledger initiates the cryptographic process and asks you to confirm your agreement to it on your Ledger device.

Is Ledger Recover free?

No, it is a subscription service that will cost $10 per month. To use the service, you must also complete a KYC process with an ID document and a selfie recording.

If you don’t pay the subscription within 7 days, you can’t restore your private keys using Ledger Recover. If you don’t resolve your payment within 3 months, your subscription will be suspended. After suspension, you have 9 months to reactivate your subscription by contacting Ledger Recover Support and paying a 50 EUR fee and any outstanding balance.

How does Ledger Recover Work?

Ledger Recover works through 3 companies: Ledger, Coincover and a third company. You will need to opt-in to use the service. When you opt in for the service, you will be prompted to confirm if you want to use it. If you agree, you will need to sign a transaction on your Ledger device. Afterwards, the system splits your private keys into 3 parts, encrypts them on the device, and sends them through a secure channel to 3rd party providers. The providers will encrypt the parts again before storing them.

If you need to recover your private key, you will have to go through a thorough ID verification process. This is to confirm your identity. Once your identity is verified, the providers will send the encrypted parts of your private key directly to your Ledger device. Your device will then decrypt the parts and you will be able to access your private key again.

Who keeps your private key when you use Ledger Recover?

3 separate companies in 3 countries will store your private key if you subscribe to the service. The companies are Ledger, Coincover and Escrowtech. In particular, Coincover already works with several B2B offerings and also provides a $50k insurance plan. Additionally, two ID verification providers participate in the process.

Is Ledger Recover Safe?

According to Ledger, Ledger devices do not have any backdoors. The Secure Element chip and a paper backup securely store your seed phrase. If you opt to use the service, it creates an additional backup. This is done by splitting your private key into 3 encrypted parts and storing them with 3 different parties.

Ledger also offers an added layer of protection where, subject to investigation, US$50,000 compensation may be available from Coincover in the unlikely event that something goes wrong.

Conclusion

In summary, Ledger Recover is an optional ID-based key recovery service that provides a backup for your Secret Recovery Phrase. It splits your private key into 3 encrypted parts and stores them with 3 different parties. The service is not free and requires a subscription fee of $10 per month. If you’re new to cryptocurrency or would like an additional backup of your Recovery Phrase, Ledger Recover may be a good option for you.

CLICK BELOW TO BUY!

May 17, 2023