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Tag: Airdrop

  • Fogo Testnet Airdrop Full Guide

    Fogo Testnet Airdrop Full Guide

    Introduction

    Fogo is an innovative Layer 1 blockchain designed to deliver unparalleled performance in throughput, latency, and congestion management. Extending the Solana protocol, Fogo aims to provide a seamless migration path for existing Solana programs and infrastructure while achieving significantly higher performance and lower latency. Built by traders for traders, Fogo focuses on institutional-grade finance on-chain, combining the speed of traditional finance with the decentralization of blockchain technology.

    This guide will walk you through the steps to interact with the Fogo Testnet for a potential airdrop, followed by a comprehensive overview of the project, its core innovations, the team behind it, and its funding status. We will also explore the potential revenue model of the Fogo ecosystem.

    Fogo Testnet Airdrop: Step-by-Step Guide

    Interacting with the Fogo Testnet is crucial for potential eligibility in future airdrops. Follow these steps to get started:

    Step 1: Connect Your Wallet

    Fogo Testnet supports all Solana-compatible wallets, such as Phantom and Nightly. You do not need to create a new wallet if you already have one. The platform utilizes a temporary session key to handle actions securely, eliminating the need for constant transaction signing and gas payments.

    1. Navigate to the Fogo Testnet platform: https://www.fogo.io/start
    2. Click on the “GET STARTED” or “Connect your wallet” button.
    3. Select your preferred Solana wallet (e.g., Phantom, Nightly) from the options provided.
    4. Approve the connection request in your wallet.

    Step 2: Claim Testnet $FOGO Tokens

    Testnet $FOGO tokens are essential for interacting with the Fogo ecosystem. These tokens are used to power transactions and explore the decentralized applications (dApps) on the network.

    1.Once your wallet is connected, look for the option to “Claim testnet $FOGO” tokens.

    2.You will likely be able to claim two types of tokens:

    •Fogo (FOGO): The native utility token of the Fogo blockchain.

    •Fogo USD (fUSD): The yield-bearing fiat stablecoin native to the Fogo ecosystem.

    3.Follow the on-screen instructions to claim your free testnet tokens. This usually involves a simple click and a confirmation in your wallet (though the session key might handle this seamlessly).

    Step 3: Explore Apps on Fogo DApps

    Engaging with the dApps on the Fogo Testnet is a key activity for demonstrating active participation. Fogo highlights several types of applications. Here’s a detailed guide for each:

    3.1 Valiant (Swap Spot Pairs)

    Valiant is Fogo’s decentralized exchange designed for high-speed token swaps. Interacting with Valiant demonstrates your engagement with the core trading functionalities of the Fogo network.

    1.Access Valiant: On the Fogo Testnet dApps page, click on the ‘Valiant’ application. This will typically open the swap interface.

    2.Select Tokens: Choose the testnet tokens you wish to swap. For example, you might swap $FOGO for fUSD, or vice-versa. Ensure you have sufficient testnet tokens claimed from Step 2.

    3.Enter Amount: Input the amount of the token you want to swap. The interface will usually show the estimated amount of the other token you will receive.

    4.Approve Transaction: If this is your first time swapping a particular token, you might need to approve the token spending in your wallet. Confirm this transaction.

    5.Confirm Swap: Review the swap details (amounts, fees, slippage) and confirm the transaction. Your wallet will prompt you for final approval (though with Fogo’s session key, this might be streamlined).

    6.Repeat: Perform several swaps with different token pairs and amounts to show consistent activity.

    3.2 FluxBeam (Real-time Trading)

    FluxBeam offers advanced real-time trading features, including limit orders, allowing you to experience Fogo’s low-latency environment for more complex trading strategies.

    1.Access FluxBeam: Navigate to the ‘FluxBeam’ application from the Fogo Testnet dApps page.

    2.Select Trading Pair: Choose a trading pair (e.g., FOGO/fUSD) that you wish to trade.

    3.Explore Order Types: Familiarize yourself with the available order types, such as ‘Market Order’ (for immediate execution) and ‘Limit Order’ (to set a specific price for your trade).

    4.Place a Market Order: To execute a quick trade, select ‘Market Order’, enter the amount, and confirm the buy/sell. This demonstrates basic trading activity.

    5.Place a Limit Order: For more advanced interaction, select ‘Limit Order’, specify your desired price and amount, and place the order. Monitor your open orders and consider canceling or modifying them to show further engagement.

    6.Monitor Trades: Keep an eye on your trade history and open orders within the FluxBeam interface.

    3.3 RugCheck

    RugCheck is Fogo’s token scanner, providing instant risk scores to help users avoid scams. While primarily an informational tool, interacting with it demonstrates awareness and utilization of the ecosystem’s safety features.

    1.Access RugCheck: Click on the ‘RugCheck’ application on the Fogo Testnet dApps page.

    2.Search for Tokens: Use the search bar or browse the list to find different testnet tokens. You can try searching for tokens you’ve acquired through Valiant or other dApps.

    3.Review Risk Scores: Observe the risk scores and associated details provided for each token. This helps you understand the potential risks involved.

    4.Explore Details: Click on various tokens to delve into more detailed analysis, such as liquidity, contract information, and potential red flags.

    3.4 Pyron (Lend and Borrow)

    Pyron enables lending and borrowing of assets on the Fogo Testnet, showcasing the DeFi capabilities of the network without the typical delays.

    1.Access Pyron: Open the ‘Pyron’ application from the Fogo Testnet dApps page.

    2.Supply Assets: Choose a testnet asset (e.g., fUSD or FOGO) that you wish to supply (lend) to the protocol. Enter the amount and confirm the supply transaction in your wallet.

    3.Borrow Assets: If you have supplied assets, you can then choose to borrow other testnet assets against your collateral. Select the asset to borrow, enter the amount, and confirm the borrow transaction.

    4.Repay/Withdraw: To complete the cycle, try repaying a borrowed amount or withdrawing your supplied assets. This demonstrates full interaction with the lending and borrowing functionalities.

    3.5 Ambient (Trade Perps – Coming Soon)

    Ambient is slated to be Fogo’s platform for perpetual futures trading with high leverage. While currently marked as ‘Coming Soon’, keep an eye out for its launch as it will be a significant dApp for demonstrating advanced trading activity.

    Actively use these applications to generate transactions and interact with the Fogo blockchain. The more diverse and consistent your interactions, the better your chances for potential airdrop eligibility.

    Step 4: Provide Feedback and Engage with the Community

    Fogo encourages users to provide feedback, report bugs, and share their experiences. Active community engagement can also be a factor in airdrop eligibility.

    1.X (formerly Twitter): Share your feedback, hype, or bug reports on X by tagging @FogoChain. Engage in discussions and contribute to the public conversation.

    2.Discord: Join the official Fogo Discord server (link usually found on their website or X profile) to interact with the team and other community members. Participate in discussions, ask questions, and provide valuable insights.

    By consistently performing these actions, you increase your chances of being recognized as an active and valuable participant in the Fogo ecosystem.

    Project Overview: Fogo – The Fastest Layer 1 Blockchain

    Fogo is positioned as a high-performance Layer 1 blockchain, built on the Solana Virtual Machine (SVM) and leveraging the Firedancer client. Its primary goal is to achieve real-time experiences at scale, addressing the limitations of existing blockchain networks in terms of throughput and latency. Fogo aims to bridge the gap between traditional financial market performance and decentralized infrastructure.

    Key Innovations of Fogo [1]:

    •Unified Client Implementation: Fogo runs with a single, canonical client based on pure Firedancer. This approach, unlike Solana’s client diversity, allows Fogo to operate at the speed of the fastest client, achieving performance levels currently unattainable by other networks.

    •Multi-Local Consensus: This novel approach dynamically balances the performance benefits of validator co-location with the security of geographic distribution. It enables ultra-low latency consensus during normal operations while maintaining the ability to fall back to global consensus when needed. This model is inspired by the “follow the sun” trading model in traditional finance.

    •Curated Validator Set: Fogo utilizes a curated validator set that incentivizes high performance and deters predatory behavior. This mechanism ensures that the network can reach its physical performance limits and aligns validator incentives with the network’s long-term health.

    Fogo is designed to be fully compatible at the SVM execution layer, allowing existing Solana programs, tooling, and infrastructure to migrate seamlessly. It aims to provide institutional-grade finance on-chain, offering speeds comparable to traditional financial systems like NASDAQ, CME, and Eurex, which process over 100,000 operations per second, far exceeding typical blockchain TPS.

    Team Information

    The Fogo project is backed by a team of industry experts and contributors, many of whom have significant experience in traditional finance and blockchain development. The website lists several key contributors [2]:

    •Robert Sagurton: Co-founder of Fogo, previously Global Head of Digital Asset Sales at Jump Crypto. He is a Director at Fogo Foundation [3, 4, 5].

    •Doug Colkitt: Founding contributor at Fogo, a former Citadel high-frequency trader and founder of Ambient Finance [6, 7, 8, 9].

    •Michael Cahill: CEO of Douro Labs and a founding contributor to Pyth Network and Fogo Chain [10, 11, 12].

    This collective expertise suggests a strong foundation in both financial markets and high-performance blockchain technology.

    Funding Information

    Fogo has successfully secured significant funding from various sources, indicating strong investor confidence in the project’s vision and technology. Key funding details include:

    •Seed Round: Fogo raised $5.5 million in a Seed funding round on December 1, 2024, led by Distributed Global with participation from CMS Holdings [13, 14].

    •Public Sale/Initial Coin Offering (ICO): Fogo raised an additional $8 million in a Public sale round at a $100 million Fully Diluted Valuation (FDV) on January 24, 2025. This sale was hosted on the Echo platform [15, 16, 17, 18].

    In total, Fogo has raised $13.5 million in funding [19]. This substantial backing from reputable investors and successful public sale provides the project with a solid financial runway for development and growth.

    Revenue Model

    While the whitepaper primarily focuses on the technical architecture and performance aspects of the Fogo blockchain, the revenue model can be inferred from standard blockchain operations and the project’s focus on institutional-grade finance and trading. Like most Layer 1 blockchains, Fogo’s primary revenue streams are likely to include:

    •Transaction Fees: Users will pay fees for transactions processed on the Fogo blockchain. Given Fogo’s emphasis on high throughput and low latency, it aims to handle a large volume of transactions, which would generate significant fee revenue.

    •Native Token Utility: The native $FOGO token will be essential for network operations, including staking by validators, governance, and potentially as a medium of exchange within the Fogo ecosystem. The demand for the native token would contribute to its value and the overall economic health of the network.

    •dApp Ecosystem Growth: As more decentralized applications (dApps) are built and utilized on Fogo, they will contribute to network activity and transaction volume, indirectly benefiting the Fogo ecosystem through increased fee generation and token utility.

    •Potential for DeFi and Trading-Specific Revenue: Given Fogo’s focus on trading and institutional finance, there might be specialized revenue models related to high-frequency trading, lending/borrowing protocols, or other DeFi activities that leverage Fogo’s unique performance capabilities. For instance, the whitepaper mentions “SPL Token Fee Payment” as a prospective extension, which would allow users to pay transaction fees using SPL tokens, creating a market for relayer services [20].

    Fogo’s design, particularly its curated validator set and multi-local consensus, suggests a focus on efficiency and performance that could attract high-volume users and institutional players, thereby driving substantial transaction fee revenue.

    Conclusion

    Fogo presents a compelling vision for a high-performance Layer 1 blockchain, aiming to redefine the standards for speed and efficiency in the decentralized space. By participating in the Fogo Testnet, users can not only contribute to the project’s development but also position themselves for potential future airdrops. With a strong technical foundation, experienced team, and significant funding, Fogo is poised to make a substantial impact on the blockchain landscape, particularly in the realm of institutional-grade decentralized finance.

    References

    [1] Fogo Whitepaper. Available at: https://www.fogo.io/whitepaper.pdf

    [2] Fogo Official Website – Contributors. Available at: https://www.fogo.io/#contributors

    [3] Robert Sagurton LinkedIn. Available at: https://ag.linkedin.com/in/robert-sagurton

    [4] Robert Sagurton X (Twitter). Available at: https://x.com/robertsagurton

    [5] Robert Sagurton Email & Phone Number | Fogo Director Contact. Available at: https://rocketreach.co/robert-sagurton-email_70222069

    [6] Doug Colkitt X (Twitter). Available at: https://x.com/0xdoug?lang=en

    [7] Why I Left 10+ Years in Traditional Finance to Build the … – YouTube. Available at: https://www.youtube.com/watch?v=xdanXVYQ1i0

    [8] A passion for pushing the limits of performance led Ambient Finance … – LinkedIn. Available at: https://www.linkedin.com/posts/fogochain_a-passion-for-pushing-the-limits-of-performance-activity-7295534882363953153-K7vW

    [9] Doug Colkitt, Co-founder of Fogo – YouTube. Available at: https://www.youtube.com/watch?v=NO6bwOcjFDA

    [10] Mike Cahill | Pyth (@mdomcahill) / X. Available at: https://x.com/mdomcahill?lang=en

    [11] Michael Cahill’s Post – LinkedIn. Available at: https://www.linkedin.com/posts/michael-d-cahill_fogo-activity-7311126169657970688-rtiq

    [12] Fogo on X: “Catch the full interview between @mdomcahill … – X. Available at: https://x.com/FogoChain/status/1943257657927684473

    [13] Seed Round – Fogo Digital – 2024-12-01 – Crunchbase. Available at: https://www.crunchbase.com/funding_round/fogo-digital-inc-seed–0d94dd6a

    [14] Fogo raised 5.5MSeedFundingonDec30,2024−CypherHunter.Availableat:[https://www.cypherhunter.com/en/e/fogo−chain−raised−funding−2024−12−30/]

    [15]Fogo ICO FundingRounds,Token Sale Review…−CryptoRank. Available at:[https://cryptorank.io/ico/fogo]

    [16]Initial Coin Offering − Fogo Digital−2025−01−24−Crunchbase. Available at:[https://www.crunchbase.com/fundingr​ound/fogo−digital−inc−initial−coin−offering−−5bb5fc9d]

    [17]Fogo active in the testnet, aiming for the airdrop∣MEXCNews. Available at [https://www.mexc.co/lt−LT/news/fogo−active−in−the−testnet−aiming−for−the−airdrop/62405]

    [18]SVM Layer1 blockchain Fogo completes 8 million financing, led by … – Followin. Available at: https://followin.io/en/feed/15899779

    [19] Fogo Project Introduction, Team, Financing and News_RootData. Available at: https://www.rootdata.com/Projects/detail/Fogo?k=MTU3ODg%3D

    [20] Fogo Whitepaper – Section 6.1 SPL Token Fee Payment. Available at: https://www.fogo.io/whitepaper.pdf

  • Anoma Testnet Airdrop Full Guide

    Anoma Testnet Airdrop Full Guide

    Introduction

    Anoma is an innovative distributed operating system designed for intent-centric applications, aiming to revolutionize the blockchain landscape by unifying fragmented ecosystems. With its unique approach to decentralized applications, Anoma seeks to simplify user interactions and abstract away the complexities of underlying blockchain infrastructure. As the project gains traction, many in the crypto community are keenly watching for potential airdrop opportunities, making “anoma airdrop” a highly searched term. This comprehensive guide will provide a step-by-step approach to interacting with the Anoma project for a potential airdrop, along with an overview of the project, its team, funding, and revenue model.

    Anoma Airdrop: Step-by-Step Guide to Potential Rewards

    Interacting with the Anoma ecosystem, particularly its testnet, is crucial for positioning yourself for a potential anoma airdrop. While official airdrop criteria are often unannounced or subject to change, active participation in testnets and community engagement are generally strong indicators for eligibility. The Anoma testnet, however, currently requires an invite code, which can be challenging to obtain. Below are the steps to navigate this process and maximize your chances for an anoma airdrop.

    Step 1: Obtaining an Anoma Testnet Invite Code

    The Anoma testnet is a permissioned environment, meaning access is restricted and requires an invite code. This exclusivity makes obtaining a code a significant first hurdle for any potential anoma airdrop participant.

    Anoma Testnet Link: https://testnet.anoma.net/

    Here’s what we know and how you can try to secure one:

    1.Official Announcements: The Anoma team primarily distributes invite codes through their official channels. Keep a very close eye on their official X (formerly Twitter) account (https://x.com/anoma) and their Discord server. These platforms are the most likely places for code drops and announcements regarding how to obtain them.

    2.Community Engagement: Actively participate in the Anoma community on Discord and X. Engage with their posts, ask thoughtful questions, and contribute to discussions. The team may prioritize active and engaged community members for invite code distribution. Some users have reported receiving codes by quoting official Anoma posts on X and expressing interest [2].

    3.Monitor Community Shares: Occasionally, individuals who receive invite codes may share them with their followers or within specific community groups. While rare, monitoring these shares on platforms like X can provide an opportunity. Be cautious and verify the legitimacy of any shared codes.

    4.Testnet Overview Resources: Some community-created guides and overviews, such as those found on Nodes.Guru (https://nodes.guru/anoma), might offer insights into the testnet and potential ways to gain access, though direct invite codes are unlikely to be found there.

    Important Note: The testnet is currently a desktop-only experience [1]. Ensure you are accessing it from a desktop machine once you secure an invite code.

    Step 2: Interacting with the Anoma Testnet (Once Access is Granted)

    Once you have successfully obtained an invite code and gained access to the Anoma testnet (https://testnet.anoma.net/), your goal is to actively engage with its features. The more meaningful your interactions, the higher your chances for a future anoma airdrop. While specific tasks may vary as the testnet evolves, here are general actions to consider:

    1.Explore Features: Familiarize yourself with the testnet interface and all available functionalities. Anoma is focused on intent-centric applications, so look for ways to define and resolve intents within the testnet environment.

    2.Perform Transactions: Execute various types of transactions. This could involve swapping tokens, interacting with decentralized applications (dApps) built on Anoma, or any other transactional activities the testnet supports.

    3.Provide Feedback: If there’s a mechanism for providing feedback (e.g., a dedicated Discord channel, a feedback form), actively report bugs, suggest improvements, and share your user experience. Constructive feedback is highly valued by development teams and can significantly increase your standing.

    4.Participate in Gamified Elements: The Anoma testnet has been described as an “interactive, gamified visualization” [4]. Look for and participate in any gamified elements, such as earning “fitcoin” by clicking on a bicycle, as mentioned by some early testers [5]. These activities are often designed to encourage engagement and may be tracked for airdrop eligibility.

    5.Stay Updated: Continuously monitor Anoma’s official announcements for new testnet phases, features, or specific tasks that might be introduced. The landscape of an anoma airdrop can change rapidly.

    Step 3: General Engagement and Community Participation

    Beyond direct testnet interaction, maintaining a consistent presence and positive engagement within the Anoma community can also contribute to your eligibility for an anoma airdrop.

    1.Follow Official Channels: Stay connected with Anoma on X, Discord, and any other official social media or communication platforms.

    2.Engage with Content: Like, retweet, and comment on their posts. Share informative content about Anoma with your network.

    3.Participate in AMAs/Discussions: If Anoma hosts Ask Me Anything (AMA) sessions or community calls, try to attend and ask relevant questions. This demonstrates genuine interest and commitment.

    4.Educate Others: If you understand the project well, help new community members with their questions. Being a helpful and knowledgeable member can make you stand out.

    By diligently following these steps, you can significantly increase your chances of qualifying for a future anoma airdrop. Remember, persistence and genuine engagement are key in the competitive world of crypto airdrops.

    Project Overview: Anoma – Web3’s Intent-Centric OS

    Anoma is building a distributed operating system that aims to solve the pervasive problem of fragmentation in the current blockchain ecosystem. Unlike traditional blockchains that focus on transaction processing, Anoma introduces an “intent-centric” paradigm. This means users express their desired outcomes (intents), and the Anoma network, powered by its “Intent Machine” (IM), handles the complex process of fulfilling these intents across various underlying blockchains (e.g., Ethereum, Cosmos). This approach seeks to provide a unified, user-friendly experience, abstracting away the technical complexities of cross-chain interactions. Anoma emphasizes programmable data sovereignty, allowing users and developers fine-grained control over data sharing, and features on-demand consensus for enhanced scalability and privacy.

    Team Information

    Anoma is primarily developed by Heliax Labs, a research, development, and product company focused on blockchain technology. Heliax Labs operates as a public goods lab, with a remote-first and globally distributed team. Key individuals associated with the project and Heliax Labs include:

    •Awa Sun Yin: Co-Founder

    •Adrian Brink: Co-Founder

    •Christopher Goes: Co-Founder

    The team’s expertise spans various areas of blockchain, cryptography, and decentralized systems, reflecting Anoma’s ambitious vision.

    Funding Information

    Anoma has successfully secured substantial funding from prominent investors in the blockchain space, underscoring the confidence in its innovative approach. The project has raised a total of $60.25 million across multiple funding rounds [3]. Key funding milestones include:

    •April 2021: An initial round raising $6.75 million, led by Polychain Capital.

    •November 2021: A significant $26 million round, also led by Polychain Capital, with participation from notable firms such as Coinbase Ventures and P2P Capital.

    •May 2023: A Series C round securing $25 million, co-led by CMCC Global, with participation from Electric Capital and other investors.

    Other investors in Anoma include Fifth Era, Delphi Digital, and Spartan, among others. This strong backing positions Anoma with significant resources for continued development and ecosystem growth, further fueling interest in a potential anoma airdrop.

    Revenue Model

    Anoma’s proposed revenue model is multifaceted, designed to sustain the network and incentivize participation within its ecosystem. While specific details may evolve, the core components identified include:

    •Transaction Fees: Similar to other blockchain networks, Anoma is expected to generate revenue through fees associated with transactions and intent resolution on its platform.

    •Premium Features/Services: The platform may offer premium features or services that generate additional revenue streams.

    •Consensus Node Operation: Anoma could derive revenue from operating consensus nodes, contributing to the network’s security and validation.

    •Front-Running Protection: Mechanisms for front-running protection, a critical feature in decentralized finance, could also contribute to the revenue model.

    •XAN Token Burning: A unique aspect involves the project’s native token, XAN. Users may have the option to burn XAN within intents, and intent processors (solvers, relay nodes) might require a certain amount of XAN to be burned. This mechanism could create deflationary pressure on the token and serve as a value accrual method.

    These revenue streams are designed to create a sustainable economic model for the Anoma ecosystem, supporting its long-term development and operational costs.

    Conclusion

    Anoma represents a significant leap forward in blockchain technology with its intent-centric architecture, aiming to create a more unified and user-friendly Web3 experience. For those interested in a potential anoma airdrop, active participation in the testnet (once access is secured) and consistent community engagement are paramount. While the path to an anoma airdrop may require patience and persistence, the project’s strong backing, innovative technology, and clear vision make it a compelling opportunity for early adopters. Stay vigilant on official channels for invite codes and testnet updates, and contribute meaningfully to the Anoma community to maximize your chances.

    References

    [1] Anoma Testnet. Available at: https://testnet.anoma.net/

    [2] Favour on X. Available at: https://x.com/FavManCity/status/1945138541127688451

    [3] gNOMA Let’s Take a Look at Anoma’s Funding Rounds – Binance. Available at: https://www.binance.com/en-NG/square/post/26844718441242

    [4] The Anoma Testnet is Live! | Research. Available at: https://anoma.net/blog/the-anoma-testnet-is-live

    [5] Tim Haldorsson – Anoma testnet first review – X. Available at: https://x.com/TimHaldorsson/status/1945153709278662781

  • Hibachi Airdrop Full Guide

    Hibachi Airdrop Full Guide

    Introduction

    In the rapidly evolving landscape of decentralized finance (DeFi), airdrops have emerged as a significant opportunity for early adopters and active participants to earn rewards from promising new projects. Hibachi, a privacy-first decentralized exchange (DEX) built on a user-first philosophy, is one such project that has garnered attention for its innovative approach to perpetuals trading and its potential for a future token airdrop. This comprehensive guide will walk you through the Hibachi project, its core features, team, funding, and most importantly, a step-by-step strategy to maximize your chances of qualifying for a potential Hibachi airdrop. If you’re looking to position yourself for the next big opportunity in crypto, understanding the “hibachi airdrop” potential is crucial.

    Hibachi Airdrop: A Step-by-Step Guide to Potential Rewards

    For those looking to capitalize on the Hibachi airdrop opportunity, active participation and strategic engagement with the platform are key. While there are no official announcements regarding a token or airdrop details at the time of writing, historical data from similar projects suggests that early and consistent interaction often leads to eligibility for future distributions.

    Here’s a step-by-step guide to position yourself for a potential Hibachi airdrop:

    Step 1: Engage in Trading Activity

    This is arguably the most critical step for airdrop eligibility. The more you trade, the higher your chances of accumulating points or being recognized as a valuable user.

    Go to https://hibachi.xyz/trade

    •Volume is Key: Achieving significant trading volume is often a primary criterion. In fact, Hibachi has weekly quests for trading volume for certain asset pairs.

    •Consistent Trading: Don’t just make one large trade. Regular, smaller trades over an extended period can signal genuine engagement and contribute to your overall volume.

    •Explore Different Pairs: If available, trade across various perpetual pairs to demonstrate diverse engagement with the platform.

    Step 2: Provide Liquidity (If Applicable)

    Many DEXs reward liquidity providers (LPs) for contributing to the platform’s liquidity pools. If Hibachi introduces liquidity provision features, actively participate by depositing assets into their pools. This demonstrates commitment to the platform’s ecosystem.

    Step 3: Engage with the Community

    Join Hibachi’s official social channels, particularly their X (formerly Twitter) and Discord. Engage in discussions, ask questions, provide feedback, and contribute positively to the community. Active community members are often recognized and rewarded.

    •Follow on X: Stay updated with announcements and engage with their posts. The official X account is https://x.com/hibachi_xyz.

    •Join Discord: Participate in discussions, provide feedback, and report any bugs or issues you encounter. This shows genuine interest and helps the project.

    Step 4: Stay Informed and Monitor Announcements

    Follow reputable crypto news sources, airdrop aggregators, and the official Hibachi channels for any announcements regarding a token launch or airdrop criteria. Information can change rapidly in the crypto space, so staying informed is crucial.

    Step 5: Consider the Risks

    While the potential for airdrops is exciting, always remember the inherent risks associated with interacting with DeFi protocols. Only trade with capital you can afford to lose, and understand the complexities of perpetuals trading.

    Project Overview

    Hibachi is designed to offer a high-performance, off-chain Central Limit Order Book (CLOB) that ensures verifiable and encrypted trading by default. With its

    Wynn Upgrade, Hibachi aims to combine the speed and user experience of a centralized exchange with the cryptographic integrity, encrypted privacy, and permissionless access of a decentralized platform.

    At its core, Hibachi executes orders off-chain for ultra-low latency while leveraging zero-knowledge proofs via Succinct to verify every balance update, order fill, and system state. These proofs are then posted to Celestia as encrypted data blobs, ensuring that all critical data is available without exposing user strategies or sensitive trading activity. This innovative architecture allows users to benefit from near-instant execution and full privacy without sacrificing verifiability.

    Custody on Hibachi is handled entirely on-chain, with every user position collateralized via smart contracts. This includes forced withdrawal guarantees, even if the exchange becomes unresponsive, meaning users can recover their funds independently of Hibachi’s operators by accessing and decrypting the latest encrypted blob. This design eliminates the need for trust in intermediaries.

    Key features of Hibachi’s architecture include:

    •Ultra-fast off-chain matching: Providing CEX-level speed for an optimal trading experience.

    •ZK-proof settlement: Verifying all updates on-chain to ensure integrity and transparency.

    •Encrypted trade data: Protecting user privacy by keeping trading strategies confidential.

    •Permissionless withdrawals: Offering on-chain guarantees for fund recovery, enhancing user control and security.

    Looking ahead, Hibachi is working towards a decentralized validator model and client-side encrypted order flow with enclave-based matching. This development is expected to pave the way for private order books and dark pool functionality, all while maintaining verifiability.

    Team Information

    The Hibachi team is composed of top-tier talent drawn from the Finance, Tech, and DeFi industries. Their collective experience spans across leading institutions and companies such as Citadel, Tower Research, IMC, Meta, Google, Amazon, and Hashflow. This diverse background brings a wealth of expertise in traditional finance, cutting-edge technology, and decentralized systems, positioning Hibachi to deliver a robust and innovative trading platform.

    Funding

    Hibachi has successfully secured significant backing, raising a $5 million seed round. This funding round was led by prominent venture capital firms in the crypto space, including Dragonfly XYZ, Electric Capital, and Echo Dot XYZ. Such substantial investment from reputable entities underscores the confidence in Hibachi’s vision, technology, and potential to disrupt the decentralized exchange market.

    Revenue Model

    Hibachi operates as a decentralized trading protocol, and its primary revenue generation mechanism is expected to be derived from trading activity on its platform. While specific fee structures (e.g., taker and maker fees) are typical for decentralized exchanges, Hibachi’s emphasis on a “points program” and “gamified incentives” suggests a strategy to encourage user engagement and trading volume, which would directly contribute to fee-based revenue.

    The core value proposition lies in offering a high-performance, privacy-preserving trading experience, attracting professional traders who prioritize speed, security, and confidentiality. This model aligns with the broader trend in DeFi where protocols incentivize user participation to bootstrap liquidity and network effects, ultimately leading to sustainable revenue streams through transaction fees.

  • Kaspa Finance Airdrop Campaign Full Guide

    Kaspa Finance Airdrop Campaign Full Guide

    Introduction

    Kaspa Finance is emerging as a significant player in the decentralized finance (DeFi) space, building on the high-speed and scalable Kaspa EVM (Kasplex L2) blockchain. With its innovative approach to DeFi, including ultra-fast swaps, AI-powered trading bots, and multi-reward farming, Kaspa Finance aims to provide a robust and efficient ecosystem for users.

    This article will serve as your ultimate guide to understanding the Kaspa Finance project, with a primary focus on how to participate in their confirmed airdrop campaign to earn valuable KFC tokens. We will also delve into the project’s overview, team information, funding details, and revenue model, providing a holistic view for potential participants and investors.

    Kaspa Finance Airdrop: Step-by-Step Guide

    The Kaspa Finance airdrop campaign is designed to reward early adopters and active participants within its ecosystem. The total airdrop token pool is 10,000,000 $KFC, with 2 million tokens allocated for Phase 1. Below is a detailed, step-by-step guide on how to interact with the project and maximize your chances of receiving an airdrop.

    Phase 1: Early Interest & Social Engagement

    Phase 1 focuses on onboarding early adopters and growing the Kaspa Finance community through social engagement. Completing these tasks will earn you points towards the airdrop.

    1. Go to https://app.kaspafinance.io/airdrop
    2. Follow Social Media: Follow the official Kaspa Finance social media accounts, particularly their X (formerly Twitter) account @KaspaFinance.
    3. Retweet Launch Announcement: Retweet the official launch announcement from @KaspaFinance.
    4. Connect & Engage on Social Accounts: Connect your social media accounts and actively engage with Kaspa Finance content. This helps in tracking your participation and assigning points.

    Phase 2: Testnet Usage & On-Chain Activities

    Phase 2 rewards users for actively using the Kaspa Finance testnet, focusing on trading, swapping, farming, staking, and providing liquidity. These actions contribute significantly to your airdrop points:

    Claim Faucet Tokens

    Trading & Swaps

    • Go to https://app.kaspafinance.io/swap
    • First Swap: Complete your very first swap on the Kaspa Finance testnet.
    • Daily Active Trading: Perform 5 or more swaps daily.
    • Weekly Volume Leader: Aim to be among the top 50 users in weekly trading volume. There are on-chain milestones for users who cross $1,000 and $10,000 in weekly trading volume.

    Liquidity Provision

    • Go to https://app.kaspafinance.io/liquidity
    • Add Initial Liquidity (> $100 USD): Provide over $100 USD worth of liquidity to the DEX.
    • Add Major Liquidity (> $1,000 USD): Provide over $1,000 USD worth of liquidity.
    • Add Whale Liquidity (> $10,000 USD): Provide over $10,000 USD worth of liquidity.
    • Maintain Liquidity for 7+ days: Earn a +50% bonus points for maintaining liquidity for at least 7 days.
    • Maintain Liquidity for 30+ days: Earn a +100% bonus points for maintaining liquidity for at least 30 days.

    Farming & Staking

    • Go to https://app.kaspafinance.io/pools
    • Provide Liquidity: Add liquidity to supported pools to start earning yield and automatically accumulate points.
    • Long-term Farming: Maintain your farming position for 14 days or more.
    • Maximum Farming: Maintain your farming position for 30 days or more.

    Daily Activities & Bug Bounties

    • Bug Reports: Report valid bugs found on the platform for rewards.
    • Daily Spin/Dice Roll: Participate in daily spin/dice roll activities. Consistent participation for 7 consecutive days for on-chain milestone.
    • Referral System: Earn points for each valid referral. Referrals must actively participate in the platform’s usage to count (Sybil Protection).

    Phase 3: Mainnet Usage

    This phase involves interacting with the Kaspa Finance mainnet once it launches.

    • Stake KFC/IOU Token: Stake a minimum amount of KFC/IOU tokens on the mainnet. The minimum quantity will be announced later.
    • Consistent Staking: Maintain staking for 7 consecutive days.
    • Same Points Structure as Phase 2: The points structure for mainnet usage will largely mirror that of Phase 2.

    Phase 4: Social Media Amplification

    This phase focuses on rewarding users for creating high-value social media content.

    • AI Bot Scoring: An AI bot will score posts based on value, tone, and content analysis to detect spam and reward points accordingly.
    • Original Content Creation: Create original content using the hashtags #KaspaFinance and tagging @KaspaFinance, along with $KFC.
    • Thread about Kaspa Finance Experience: Create a detailed thread about your experience with Kaspa Finance.
    • Viral Tweet: Achieve a tweet with over 1,000 engagements for bonus points.
    • Social Sharing Consistency: Earn a 1.5x multiplier for consistent social sharing for 7 days.

    Ongoing Plan for the Campaign

    • Real-Time Updates: Points will update every 15 minutes.
    • Live Rankings: A campaign dashboard/leaderboard will display live rankings.
    • Weekly Snapshots: Weekly snapshots will be taken for tier qualification.

    Multipliers & Bonuses

    • Early Bird Multiplier: A 1.5x points multiplier for the first 48 hours of certain activities.
    • Consistency Bonus: A +20% bonus for daily activity streaks.
    • Whale Bonus: Additional multipliers for large transactions.
  • Nansen Loyalty Points Airdrop Guide

    Nansen Loyalty Points Airdrop Guide

    Introduction

    Nansen, a leading blockchain analytics platform, has launched a points program that could potentially lead to an airdrop of their native token, NXP (soon to be converted to $NSN). This guide will walk you through the steps to participate in this program and maximize your chances of receiving airdrop rewards. We will also provide an overview of Nansen, its team, funding, and revenue model.

    Step-by-Step Guide to Earning Nansen Loyalty Points (NXP)

    While Nansen has not officially confirmed a token airdrop, their points program is a strong indicator of future rewards. By accumulating NXP, users can position themselves for potential retroactive airdrops. The Season 1 of the points campaign launched on June 17, 2025, and will run for three months until September 30, 2025.

    Here’s how you can earn NXP:

    1. Sign Up and Log In to Nansen

    •Visit the Nansen website: https://app.nansen.ai

    •Sign up using your email or connect your wallet.

    •Log in to your Nansen account.

    2. Complete Onboarding Tasks on the NXP Earn More Page

    Once logged in, navigate to the “NXP Earn More” section. You can earn 20 NXP points for each of the following onboarding tasks:

    •Activate Nansen points: Ensure your Nansen points program is active.

    •Create a smart alert: Set up a smart alert within the Nansen platform.

    •Link your Telegram account: Connect your Telegram account to Nansen.

    •Set up your first portfolio: Connect your EVM or Solana wallet to create your initial portfolio.

    •Add a token/wallet to your watchlist: Add any token or wallet address to your watchlist.

    3. Subscribe to Nansen (Optional, but highly recommended)

    Subscribing to Nansen significantly increases your NXP earning potential. If you choose to subscribe:

    •Visit Nansen’s website and choose a subscription plan.

    •Complete the purchase of your subscription.

    4. Stake Supported Assets

    Staking supported assets is a major way to earn NXP. The amount of NXP earned weekly varies by chain.

    •Acquire Supported Tokens: Obtain tokens such as SOL, SUI, or HYPE from exchanges like Binance.

    •Transfer Tokens to Your Wallet: Send the acquired tokens to your compatible crypto wallet.

    •Connect Your Wallet to Nansen’s Staking Dashboard: Access the staking section on Nansen and connect your wallet.

    •Navigate to the “Stake” Section: Select the asset you wish to stake.

    •Enter Amount and Confirm: Input the amount you want to stake and confirm the transaction.

    •Pro Tip: For SOL, consider validators with 0% commission for optimal returns.

    •Staking $1,000+ worth of assets can earn you 900 NXP.

    •Staking $20,000+ worth of assets can earn you a 2x NXP boost.

    •Staking $100,000+ worth of assets can earn you a 3x NXP boost.

    5. Stake HYPE Tokens (Specific Guide)

    For HYPE tokens, follow these additional steps:

    •Visit Hyperliquid and Connect Wallet: Go to Hyperliquid and connect your wallet.

    •Acquire USDC on Arbitrum: You will need USDC on Arbitrum to buy spot tokens on Hyperliquid.

    •Purchase HYPE Tokens: Filter by spot markets, go to “HYPE-USDC,” and purchase HYPE tokens (more than 100 HYPE is recommended).

    •Navigate to Staking Section: Go to the staking section on Hyperliquid.

    •Transfer HYPE to Staking Account: Move your HYPE tokens from your spot account to your staking account.

    •Select Nansen/HypurrCollective Validator: Choose the Nansen/HypurrCollective validator.

    •Complete Staking Process: Finalize the staking transaction.

    6. Refer Friends to Paid Plans

    •Share your unique referral link or code with others.

    •Earn 1 NXP for every $1 spent by your referrals when they purchase Nansen subscriptions.

    7. Nansen APT Staking Feature

    Nansen has also integrated APT staking. Here’s how to stake your $APT:

    •Visit the Nansen staking page: Connect your compatible wallet (Petra or Martian).

    •Select the amount of APT to stake: Choose the amount of APT you wish to stake.

    •Confirm the transaction: Finalize the staking process.

    Important Requirements for APT Staking:

    •Minimum initial staking amount: 10.1 APT.

    •Staking commission: 5%.

    •Rewards: Auto-compound every epoch (approximately every 2 hours).

    Additional APT Staking Rules:

    •Initial Staking: New wallets must stake a minimum of 10.1 APT.

    •Subsequent Staking: If your staked balance exceeds 10.1 APT, you can stake smaller amounts (e.g., 1, 2, or 3 APT).

    •Minimum Unstaking: The minimum unstaking amount is 10.1 APT.

    •Complete Unstaking: If unstaking would cause your remaining staked balance to fall below 10.1 APT, the full staked balance will be unstaked.

    •Partial Unstaking: You can unstake smaller amounts (e.g., 1, 2, or 3 APT) if your remaining staked balance will still exceed 10.1 APT.

    Nansen Project Overview

    Nansen is a leading blockchain analytics platform that combines on-chain data with AI-powered intelligence. It helps crypto traders and investors make informed decisions by tracking smart money movements, new token launches, and flows across multiple blockchains. Nansen processes millions of wallet labels and transactions, providing real-time insights that were previously inaccessible to retail traders.

    Nansen Team Information

    Nansen was co-founded by Alex Svanevik (CEO), Lars Bakke Krogvig (Chief Data Engineer), and Evgeny Medvedev (Chief Software Architect). The team comprises experts in data science, blockchain technology, and financial markets, dedicated to providing comprehensive on-chain analytics.

    Nansen Funding Information

    Nansen has successfully raised significant funding from prominent investors in the crypto and venture capital space. They have raised a total of $88.2 million over three funding rounds. Notable funding rounds include:

    •Series A: $12 million led by Andreessen Horowitz (a16z) in June 2021.

    •Series B: $75 million led by Accel, with participation from GIC, AndreessenHorowitz (a16z), Tiger Global, and SCB10X in December 2021.This round valued Nansen at $750 million.

    Nansen Revenue Model

    Nansen’s primary revenue model is based on subscription services to its blockchain analytics platform. Users pay for access to its advanced features, real-time data, and in-depth insights. The platform offers various subscription tiers, catering to different user needs, from individual traders to institutional investors and crypto teams. Additionally, Nansen generates revenue through partnerships and collaborations, leveraging its data and analytical capabilities to provide tailored solutions and insights to other projects and businesses in the blockchain ecosystem. In 2023, Nansen reported a revenue of $11.9 million.

  • Shelby Early Access: Potential Airdrop Guide

    Shelby Early Access: Potential Airdrop Guide

    In the rapidly evolving landscape of Web3, new projects constantly emerge, promising innovative solutions and often, the potential for significant early adopter rewards through airdrops. One such project generating considerable buzz is Shelby, a decentralized hot storage protocol co-developed by industry giants Aptos Labs and Jump Crypto. This article will provide a comprehensive overview of Shelby, delve into its core technology, team, and funding, and most importantly, offer a step-by-step guide on how to position yourself for a potential Shelby airdrop.

    What is Shelby?

    Shelby is positioned as Web3’s first decentralized, cloud-grade hot storage protocol. Its primary goal is to transform static data files into active, monetizable assets that can be streamed, served, and rewarded in real-time. Unlike traditional centralized cloud storage solutions, Shelby aims to offer Web2-grade performance—characterized by sub-second reads and high throughput—within a decentralized framework. This is achieved through a sophisticated architecture that includes a dedicated fiber network, a novel auditing protocol, and highly efficient encoding schemes.

    The project seeks to challenge the existing cloud monopolies by providing a cost-competitive and performant alternative for storing and accessing large datasets. It is designed to support a new generation of internet applications, including those in Web3, Artificial Intelligence (AI), and Decentralized Physical Infrastructure Networks (DePIN).

    Shelby Early Access Signup

    This is the most straightforward and currently confirmed method of participating in a potential Shelby token airdrop.

    1.Visit the Official Shelby Website: Navigate to https://shelby.xyz/.

    2.Locate the Email Submission Form: Look for a section or pop-up that prompts you to submit your email for early access or updates.

    3.Submit Your Email: Enter your email address and confirm your subscription. Ensure you use an email address you regularly check for updates.

    What to Expect Next

    Monitor for Testnet Opportunities

    Many projects launch testnets to allow developers and users to test the protocol in a simulated environment before mainnet launch. Participation in testnets is a strong indicator of technical engagement and is frequently rewarded with airdrops.

    1.Stay Updated: Regularly check Shelby’s official website, X account, and any community channels for announcements regarding testnet launches.

    2.Participate Actively: If a testnet is launched, follow the instructions to set up a testnet wallet, acquire testnet tokens, and perform various actions such as:

    •Storing and retrieving data.

    •Running a node (if technical expertise allows).

    •Providing feedback on bugs or user experience.

    Prepare for Mainnet Interaction

    Once Shelby launches its mainnet, actual usage of the protocol will likely be a significant factor for airdrop eligibility. This could involve various activities related to its core functionality.

    1.Set up a Compatible Wallet: Since Shelby is co-developed with Aptos Labs and integrates with the Aptos blockchain, ensure you have an Aptos-compatible wallet (e.g., Petra Wallet, Martian Wallet).

    2.Acquire Native Tokens: If Shelby launches with its own native token, you will likely need to acquire some to interact with the protocol (e.g., for transaction fees, staking).

    3.Utilize Core Features: Engage with the protocol’s primary functions, which are expected to include:

    •Data Storage: Storing your own data or providing storage capacity to the network.

    •Data Access/Retrieval: Interacting with data stored on the network.

    •Staking/Liquidity Provision: If applicable, stake native tokens or provide liquidity to relevant decentralized exchanges (DEXs) that support Shelby’s token.

    Project Overview: Shelby – Programmable Hot Storage for the Decentralized Cloud

    Shelby represents a significant leap forward in decentralized infrastructure, aiming to solve the critical challenge of efficient and performant data storage in the Web3 era. Its core value proposition lies in providing

    a “hot storage” solution that can handle the real-time, read-intensive demands of modern applications, a capability often lacking in existing decentralized storage solutions that are more suited for archival or “cold storage” purposes.

    Key Features and Innovations:

    •Cloud-Grade Performance: Shelby is engineered to deliver performance comparable to Web2 cloud services, with sub-second data retrieval and high throughput. This is critical for applications requiring immediate data access, such as AI models, streaming services, and interactive gaming.

    •Dedicated Fiber Network: A unique aspect of Shelby is its reliance on a dedicated fiber network, which contributes to its high-speed data transfer capabilities and low latency.

    •Novel Auditing Protocol and Efficient Encoding: These technical innovations ensure data integrity, verifiability, and efficient storage utilization within the decentralized environment.

    •Incentivized Data Serving: Unlike many protocols that only reward data storage, Shelby introduces a mechanism to reward nodes for actively serving data. This incentivizes the availability and rapid delivery of high-value data, fostering a more dynamic and responsive network.

    •Cost Competitiveness: Shelby aims to offer its high-performance storage solutions at a cost that is competitive with, or even more economically advantageous than, centralized cloud providers.

    Team Information: The Powerhouses Behind Shelby

    While Shelby does not appear to have a publicly listed independent team in the traditional sense, its development is a collaborative effort between two of the most influential and technically proficient entities in the Web3 space:

    •Aptos Labs: As the creator of the Aptos blockchain, Aptos Labs brings unparalleled expertise in building high-performance, scalable, and secure Layer 1 blockchain infrastructure. The Aptos blockchain is known for its Move programming language, sub-second finality (around 600ms), high transaction throughput (30,000 TPS capacity), and ultra-low gas fees ($0.000005 per transaction). This makes Aptos an ideal foundational layer for Shelby, enabling the real-time execution and economic coordination required for a dynamic data economy.

    •Jump Crypto: A prominent research and trading firm, Jump Crypto is renowned for its deep technical expertise in real-time systems, low-latency infrastructure, and quantitative trading. Their involvement in Shelby underscores the project’s commitment to delivering a high-performance, enterprise-grade solution. Jump Crypto’s prior investment in Aptos Labs further highlights the strategic alignment and shared vision between the two entities.

    The collaboration between Aptos Labs and Jump Crypto signifies a formidable combination of blockchain innovation and high-performance system development, positioning Shelby with a strong technical foundation and significant industry backing.

    Funding Information: Backed by Industry Leaders

    Specific, independent funding rounds for the Shelby project itself have not been publicly disclosed. However, the project’s financial backing is implicitly derived from the substantial funding and resources of its co-developers:

    •Aptos Labs: Aptos Labs has successfully raised significant capital in multiple funding rounds. Notably, they secured a $150 million Series A funding round in 2022, with participation from prominent investors including Jump Crypto, FTX Ventures, Apollo, Franklin Templeton, and Circle Ventures, among others. This substantial funding provides Aptos Labs with ample resources to invest in foundational projects like Shelby.

    •Jump Crypto: As a well-established and highly capitalized entity within the crypto ecosystem, Jump Crypto possesses significant financial resources. Their strategic investments and involvement in various Web3 projects, including their prior investment in Aptos Labs, demonstrate their capacity to support ambitious initiatives like Shelby.

    The involvement of such well-funded and influential entities as Aptos Labs and Jump Crypto provides Shelby with a robust financial foundation, enabling long-term development and strategic growth without the immediate need for separate, public funding rounds.

    Revenue Model: Building a Data Economy

    While the detailed revenue model for Shelby will likely evolve with the protocol’s development and adoption, the core principles are clear: to create a self-sustaining data economy where value is generated and distributed among participants. Based on the project’s stated goals and the nature of decentralized storage protocols, the revenue model is expected to include:

    •Storage Fees: Users will pay fees to store their data on the Shelby network. These fees will likely vary based on factors such as data volume, storage duration, and desired access speeds.

    •Data Access and Retrieval Fees: For applications and users requiring real-time or high-frequency access to data, additional fees may apply. This incentivizes the

    provision of hot storage and low-latency access.

    •Transaction Fees: Standard blockchain transaction fees will apply for various operations on the Shelby network, such as data uploads, retrievals, and any interactions with smart contracts.

    •Incentivized Data Serving Rewards: A key aspect of Shelby’s revenue model is the incentivization of nodes that serve data. This means that participants who contribute their storage and bandwidth to the network will be rewarded, creating a decentralized marketplace for data serving.

    •Tokenomics: It is highly probable that Shelby will introduce its own native token. This token would serve multiple purposes within the ecosystem, including:

    •Payment: Used for paying storage and access fees.

    •Staking: Participants may stake tokens to secure the network or gain governance rights.

    •Governance: Token holders might have the ability to vote on key protocol upgrades and parameters.

    •Rewards: Distributed as rewards to data providers, node operators, and other active participants.

    This multi-faceted revenue model aims to create a robust and sustainable ecosystem, aligning the incentives of all participants and fostering the growth of a truly decentralized data economy.

    Conclusion

    Shelby emerges as a highly promising project at the intersection of decentralized storage, AI, and Web3 infrastructure. Backed by the formidable expertise and resources of Aptos Labs and Jump Crypto, it aims to address a critical need for high-performance, decentralized hot storage. While the project is still in its early stages, proactive engagement through early access sign-ups, social media interaction, and future testnet participation can position you favorably for potential airdrop rewards. As the Web3 space continues to mature, projects like Shelby are paving the way for a more decentralized, efficient, and equitable digital future.

    References

    [1] Shelby.xyz. Shelby | Programmable Hot Storage for the Decentralized Cloud. Available at: https://shelby.xyz/

    [2] Aptos Foundation. (2025, June 24). Shelby: A New Era of Value Creation for Web3. Available at: https://aptosfoundation.org/currents/shelby-a-new-era-of-value-creation-for-web3

    [3] Cointelegraph. (2025, June 24). Aptos Labs, Jump Crypto launch Web3 cloud storage layer. Available at: https://cointelegraph.com/news/aptos-jump-crypto-shelby-web3-cloud-storage

    [4] Blockworks. (2025, June 23). Aptos Labs, Jump Crypto unveil Shelby, a high-performance, hot storage network. Available at: https://blockworks.co/news/aptos-labs-jump-crypto-unveil-shelby

    [5] Coingape. (2025, June 27). Aptos Labs and Jump Launch a Decentralized Competitor To Google Cloud, AWS: Shelby. Available at: https://coingape.com/brandtalk/pulse/aptos-labs-and-jump-launch-a-decentralized-competitor-to-google-cloud-aws-shelby/

    [6] Cryptobriefing. (2025, June 24). Aptos Labs and Jump Crypto launch Shelby, a decentralized hot storage protocol. Available at: https://cryptobriefing.com/decentralized-hot-storage-shelby-launch/

    [7] X. (2025, June 24). Aptos Labs on X: “Engineering Shelby: Web3’s first cloud grade…”. Available at: https://x.com/AptosLabs/status/1937904785719722407

    [8] X. (2025, June 23). avery.apt on X: “Shelby fun opinions @shelbyserves interest is…”. Available at: https://x.com/AveryChing/status/1938470996081774904

    [9] X. (2025, June 23). Shelby (@shelbyserves) / X. Available at: https://x.com/shelbyserves

    [10] Jump Crypto. (2025, June 25). Shelby: Decentralized Storage Designed to Serve. Available at: https://jumpcrypto.com/writing/shelby-decentralized-storage-designed-to-serve/

    [11] Gate.io News. (2025, June 24). Aptos Labs Launches Shelby, a Cloud-Grade Web3 Storage Solution. Available at: https://www.gate.com/news/detail/11779875

    [12] FXStreet. (2025, June 25). Aptos rallies 12% after unveiling its hot storage network, Shelby. Available at: https://www.fxstreet.com/cryptocurrencies/news/aptos-rallies-12-after-unveiling-its-hot-storage-network-shelby-202506250145

    [13] Altcoin Buzz. (2025, June 25). Aptos and Jump Unveil Shelby for Real-Time Web3 Apps. Available at: https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/aptos-and-jump-unveil-shelby-for-real-time-web3-apps/

    [14] Radom. (2025, June 29). Aptos Labs Teams Up with Jump Crypto to Introduce Shelby, a New High-Speed Decentralized Hot Storage Protocol. Available at: https://www.radom.com/insights/aptos-labs-teams-up-with-jump-crypto-to-introduce-shelby-a-new-high-speed-decentralized-hot-storage-protocol

    [15] arXiv. (2025, June 25). Shelby: Decentralized Storage Designed to Serve. Available at: https://arxiv.org/html/250619233v1

  • Byreal Airdrop Full Guide

    Byreal Airdrop Full Guide

    Byreal, an innovative onchain Decentralized Exchange (DEX) built on the Solana blockchain and incubated by leading cryptocurrency exchange Bybit, is generating significant buzz within the crypto community. Positioned as a hybrid finance solution, Byreal aims to merge the robust liquidity of centralized exchanges (CEXs) with the transparency and composability inherent in decentralized finance (DeFi). With its testnet launching on June 30, 2025, and mainnet expected in Q3 2025, Byreal is quickly becoming a project of interest for potential airdrop opportunities.

    This article provides a step-by-step guide to engaging with Byreal for a potential airdrop, along with an overview of the project, its team, funding, revenue model, and detailed whitelist eligibility criteria.

    Byreal Airdrop Step-by-Step Guide: Participating in the Reset Launch Campaign

    The “Reset Launch” campaign appears to be the initial call to action for Byreal end-users, offering a potential pathway to early rewards and airdrop eligibility. This campaign, which includes a collaboration with Fragmetric, is designed to reward early conviction and ensure fair participation.

    Campaign Details: The “Reset Launch – Fragmetric” campaign is selecting 30 random members as winners. Winners are scheduled to be announced on June 28, 2025, via Byreal’s official X account.

    How to Participate:

    1. Follow Byreal on X (formerly Twitter): Ensure you are following the official Byreal X account, @byreal_io. This is crucial for staying updated on campaign announcements and future opportunities.
    2. Join Byreal Telegram: Locate and join the official Byreal Telegram group. This is often a hub for community interaction and direct announcements.
    3. Post Your Thoughts on Reset Launch: Share your insights or thoughts on the “Reset Launch” campaign on X, making sure to include the hashtag #ByrealReset. This demonstrates engagement and support for the project.
    4. Submit Your Wallet: Fill out the designated form to submit your Solana wallet address. This is a critical step for potential eligibility in the airdrop.

    Important Note on Links: As of now, the specific links for the official Byreal Telegram group and the wallet submission form for the “Reset Launch” campaign were not directly found through general searches. It is highly recommended to visit Byreal’s official X account (@byreal_io) and check their pinned tweets, bio, or recent posts for the most accurate and up-to-date links to their Telegram group and the wallet submission form. Always verify links from official sources to avoid scams.

    Whitelist Eligibility for “Reset Launch”

    The “Reset Launch” campaign by Byreal, in collaboration with Fragmetric, has specific whitelist eligibility criteria designed to reward engaged users and holders within the Solana ecosystem.

    Explicit Whitelist Partners and User Groups:

    • Active bbSOL users: This refers to users who are actively utilizing bbSOL, which is Bybit’s liquid staking token for Solana. This indicates that Byreal is prioritizing users already engaged with Bybit’s DeFi offerings.
    • Fragmetric F point holders: As Fragmetric is the inaugural project to leverage Byreal’s “Reset Launch” platform, holders of Fragmetric F points are granted whitelist eligibility. This rewards early supporters and participants within the Fragmetric ecosystem.
    • TOPU, Inc. NFT holders: Holders of NFTs from TOPU, Inc. are also included in the whitelist. This suggests a broader strategy of partnering with established projects and communities within the Solana NFT space.
    • RateX Protocol Users: There is a strong indication that active users of RateX Protocol, especially those interacting with Fragmetric’s fragSOL token on RateX, could be eligible. Fragmetric and RateX have launched joint campaigns where users can deposit fragSOL on RateX to earn boosted points from both projects. Given Fragmetric’s direct partnership with Byreal for the “Reset Launch,” this close collaboration suggests that active RateX users involved in these joint initiatives would be highly considered for whitelist spots.

    Potential Qualifications for Other Solana Ecosystem Participants:

    While not explicitly stated as direct whitelist partners for this specific “Reset Launch” campaign, the following projects are significant players in the Solana ecosystem. Engaging with them could potentially increase eligibility for future Byreal initiatives or broader Solana-based airdrops, as new projects often reward users of established protocols within their ecosystem.

    • @KaminoFinance: Kamino Finance is a prominent Solana-based DeFi protocol offering concentrated liquidity management, lending, and borrowing. Active users of Kamino, especially those providing liquidity or engaging in lending/borrowing, are deeply embedded in the Solana DeFi landscape, making them potential targets for cross-project incentives.
    • @jito_sol: Jito is a leading liquid staking service on Solana, known for its JitoSOL liquid staking token. As Byreal is a DEX on Solana, users actively staking SOL with Jito or utilizing JitoSOL in DeFi protocols represent a valuable user base that Byreal might seek to attract.
    • @sanctumso: Sanctum is another key player in Solana’s liquid staking ecosystem, focusing on new Liquid Staking Tokens (LSTs) and offering yield opportunities. Similar to Jito, active participation in Sanctum’s offerings could position users favorably for future Byreal engagement.
    • @CudisWellness: CUDis is a DePIN project on Solana focused on health and wellness. While its core focus differs from a DEX, its presence and community engagement within the Solana ecosystem could make its users generally attractive for broader ecosystem rewards.
    • @virtuals_io: Virtuals Protocol is a decentralized AI platform that operates on both Base and Solana. Its expansion into Solana means that users active on its Solana-based offerings could be considered for ecosystem-wide incentives.
    • @iSafePal: SafePal is a popular cryptocurrency wallet that supports Solana. While being a wallet user typically doesn’t grant direct whitelist access unless there’s a specific partnership, projects often reward users of widely adopted wallets that facilitate access to their ecosystem.
    • @Solana_zh: This is the official Chinese-language Twitter account for Solana. Engagement with such official communication channels demonstrates active interest in the Solana ecosystem. While not a project with its own user base for direct whitelisting, it signifies general ecosystem participation, which can be a broad criterion for some airdrops.

    The whitelist eligibility check process for the “Reset Launch” was scheduled to open on June 27, 2025, with the “Reset Launch” itself starting on June 30, 2025. It’s important for interested participants to verify their eligibility through official Byreal channels and ensure they meet the criteria for these specific user groups.

    Understanding “Reset Launch” and the Byreal-Fragmetric Relationship

    The “Reset Launch” is a core feature of Byreal, serving as a fair launchpad model for new token listings. It incorporates mechanisms like a “Smart Price Ladder” and “Fairshare Engine” to counter common issues in token launches, such as inefficient airdrop farming and unfair distribution. Byreal aims for this model to foster trust and engagement by prioritizing transparency and fairness in new project introductions.

    Fragmetric, on the other hand, is a native liquid restaking protocol operating on the Solana blockchain. Its mission is to enhance the security and economic potential of the Solana ecosystem through innovative token technology and reward distribution mechanisms. Fragmetric has successfully raised $12 million across various funding rounds.

    The “Reset Launch – Fragmetric” campaign signifies a strategic collaboration. Fragmetric is likely the inaugural project to leverage Byreal’s “Reset Launch” platform for its token distribution or a related community engagement event. This partnership highlights Byreal’s commitment to supporting promising projects within the Solana ecosystem through its fair launch mechanism.

    Byreal Project Overview

    Byreal is envisioned as the “first onchain DEX on Solana” to be incubated by Bybit. Its primary goal is to serve as an “onchain extension of a global exchange,” bridging the gap between centralized exchange liquidity and decentralized finance transparency. The platform focuses on bringing real-world assets (RWAs) on-chain, aiming to become a leading liquidity infrastructure for tokenized real assets.

    Key products offered by Byreal include:

    • Byreal DEX: A decentralized exchange designed for low-slippage, MEV-protected swaps, utilizing advanced routing systems like Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM).
    • Reset Launch: As detailed above, a fair launchpad model for new token projects.
    • Revive Vault: Curated yield vaults that offer frictionless yield strategies, including integration with Bybit’s bbSOL liquid staking token.

    Byreal’s testnet was scheduled to launch on June 30, 2025, with the mainnet rollout anticipated in the third quarter of 2025.

    Team Information

    Byreal is spearheaded by Emily Bao, who is identified as the Founder of the project. The project benefits significantly from the backing and incubation of Bybit, with Ben Zhou, the CEO of Bybit, actively involved and publicly endorsing Byreal. The team is described as “small but with big conviction”. Furthermore, the Solana Foundation, represented by its President Lily Liu, provides strategic support, aligning Byreal’s focus on improving liquidity infrastructure with Solana’s long-term vision.

    Funding Information

    Byreal is incubated by Bybit, a major player in the cryptocurrency exchange space. This incubation implies significant financial and strategic backing from Bybit. Additionally, Byreal receives strategic support from the Solana Foundation. While specific venture capital funding rounds for Byreal itself are not detailed beyond Bybit’s incubation, the strong backing from Bybit and Solana Foundation positions Byreal with substantial resources.

    Revenue Model

    Byreal’s revenue model is built around its core product offerings, designed to attract both institutional and retail participants. Potential revenue streams include:

    • DEX Trading Fees: As a decentralized exchange, Byreal will likely generate revenue from trading fees on swaps and other transactions conducted on its platform.
    • Launchpad Fees (from Reset Launch): The “Reset Launch” platform, which facilitates new token listings, will likely charge fees to projects utilizing its fair launch services.
    • Yield Generation (from Revive Vault): The Revive Vaults, offering various yield strategies, could generate revenue through management fees or performance fees on the yields generated for users.

    By focusing on bridging blue-chip digital assets and tokenized real-world assets, Byreal aims to capture a significant share of liquidity and trading volume, thereby solidifying its revenue generation capabilities within the Solana DeFi ecosystem.

  • Magma Finance Airdrop Full Guide

    Magma Finance Airdrop Full Guide

    Introduction

    Magma Finance, a cutting-edge decentralized finance (DeFi) protocol built on the Sui network, is gaining significant attention for its innovative approach to liquidity and its potential for airdrop rewards. This comprehensive guide will delve into the intricacies of Magma Finance, providing a detailed overview of the project, its core functionalities, and crucial information regarding its team, funding, and revenue model. Most importantly, we will provide a step-by-step guide on how to interact with Magma Finance to maximize your chances of qualifying for potential airdrops, focusing on both Galxe quests and retroactive point farming.

    Magma Finance Airdrop Guide: Step-by-Step

    Magma Finance offers multiple avenues for users to earn points, which are crucial for qualifying for potential airdrops. These methods include participating in Galxe quests and engaging directly with the Magma Finance protocol on the Sui network.

    1. Galxe Quests: Magma Points Season 1: Mine & Magnify

    Galxe is a leading platform for Web3 communities to engage with their users through various on-chain and off-chain activities. Magma Finance utilizes Galxe to reward early community participation and engagement.

    Link: https://app.galxe.com/quest/MagmaFinance

    How to Participate:

    Connect your Galxe Account: Navigate to the Magma Finance Galxe quest page and connect your cryptocurrency wallet. Ensure your wallet is connected to the appropriate network (Sui, if prompted).

    2.Complete All Tasks: Magma Finance typically offers a variety of tasks designed to increase user engagement and education. These tasks may include:

    •Engage on X (formerly Twitter): Following Magma Finance’s official X account, retweeting specific posts, or liking announcements.

    •Learn about Magma Finance: This might involve reading articles, watching introductory videos, or answering quiz questions about the protocol’s features and vision.

    •Community Participation: Joining Magma Finance’s Discord or Telegram channels and actively participating in discussions.

    •Daily Check-in: A simple daily action on the Galxe platform to accumulate points over time.

    3.Claim Points: After successfully completing each task, ensure you claim your accumulated points on the Galxe platform. These points are recorded and contribute to your overall eligibility for future airdrops.

    2. Retroactive Airdrop: Engaging with the Magma Finance Protocol

    Beyond social engagement, direct interaction with the Magma Finance protocol on the Sui network is a primary method for earning retroactive points, indicating active participation in the ecosystem.

    Link: https://app.magmafinance.io/point

    Referral Code: OCFHFS

    How to Earn Points:

    1.Connect your Sui Wallet: Visit the Magma Finance points page and connect your Sui-compatible cryptocurrency wallet. This is essential for the protocol to track your on-chain activities.

    2.Engage in Core Protocol Activities: Points are primarily earned through active use of the Magma Finance decentralized exchange (DEX) functionalities:

    •Trade/Swap: Execute cryptocurrency trades or swaps on the Magma Finance platform. The volume and frequency of your trades may influence the number of points earned.

    •Add Liquidity: Provide liquidity to various trading pairs on Magma Finance. By contributing assets to liquidity pools, you facilitate trading and earn a share of trading fees, in addition to accumulating points. For every address with a liquidity position in tagged pools worth $100 or more, there will be some daily check-in points.

    3.Daily Check-in Points: Maintain consistent engagement. For every address with a liquidity position in tagged pools worth $100 or more, there will be some daily check-in points. This incentivizes long-term participation and commitment to the protocol.

    Important Considerations for Airdrop Eligibility:

    •Consistency is Key: Regular interaction with both Galxe quests and the Magma Finance protocol is often more beneficial than sporadic, large-volume activities.

    •Diversify Activities: Engage in a variety of tasks, including trading, providing liquidity, and social engagement, to maximize your point accumulation.

    •Monitor Official Channels: Stay updated with Magma Finance’s official announcements on their X (Twitter) and Discord channels for any changes to airdrop criteria or new opportunities.

    •Security: Always ensure you are interacting with the official Magma Finance and Galxe websites. Be wary of phishing attempts and never share your private keys.

    Project Overview: Magma Finance

    Magma Finance is positioned as a novel DeFi primitive focused on unlocking the full potential of liquid staking tokens (LSTs) and real-world assets (RWAs). Its primary offering is ioUSD, a stablecoin fully collateralized by these assets. This design aims to provide a native stable asset for the ecosystem, opening up new DeFi opportunities for both projects and individual users [1].

    The protocol is built on a robust economic model, drawing inspiration from established DeFi protocols like Liquity. This ensures efficient borrowing mechanisms and timely liquidations. A key differentiator is Magma Finance’s unique multi-collateral design, where each position maintains a single collateral type. This approach isolates risks, preventing contagion across different collateralized assets [1].

    Magma Protocol is designed to be non-custodial and governance-minimized, striving for immutability. Its codebase is built upon Liquity, ensuring a robust and truly decentralized stablecoin. The protocol features flexible collateral parameters, emission schedules, and protocol fees, all of which will eventually be governed by the Magma DAO (Decentralized Autonomous Organization) [1].

    Main Use Cases of Magma Finance:

    1.Borrow ioUSD against IOTX: Users can open a Vault to borrow ioUSD by collateralizing their IOTX tokens.

    2.Secure Magma by providing ioUSD to the Stability Pool: Users can provide ioUSD to the Stability Pool and earn rewards for doing so.

    3.Stake MGM: Users can stake the native Magma token (MGM) to earn a share of the fee revenue generated from minting or redeeming ioUSD.

    4.Redeem ioUSD: When the ioUSD peg falls below $1, users have the option to redeem 1 ioUSD for 1 USD worth of IOTX, helping to restore the peg [1].

    Magma Finance on Sui is a cutting-edge Automated Market Maker (AMM) Decentralized Exchange (DEX) specifically designed for MOVE-based blockchains. It integrates a concentrated liquidity AMM model with ve(3,3) tokenomics, providing long-term incentives for early participants and builders within the protocol [2].

    Key Features of Magma Finance on Sui:

    •Vote Escrow Mechanism: Users can lock Magma tokens to acquire governance rights, earn trading fees, and benefit from veMagma rebase rewards.

    •Liquidity Incentives: The platform offers a permissionless concentrated liquidity AMM, optimizing capital efficiency and allowing users to earn Magma tokens as rewards for providing liquidity.

    •Transparency and Security: Magma Finance emphasizes transparency and security, having undergone audits by reputable security firms and being developed by an experienced team [2].

    Participant Roles in Magma Finance on Sui:

    •ve-Token Voters: These participants gain governance rights and earn rewards by locking their tokens.

    •Liquidity Providers: They contribute to liquidity pools, benefiting from competitive returns.

    •Traders: Users can enjoy low fees and high efficiency when trading on the platform [2].

    Roadmap Highlights (as of early 2025):

    •February 2025 (FIRST STAGE): Launch of a fully functional concentrated liquidity AMM DEX on Sui, following a thorough code audit.

    •March 2025 (SECOND STAGE): Implementation of the ve(3,3) system, encompassing staking, voting, and the distribution of fees and incentives [2].

    Auditors:

    Magma Finance has engaged with prominent security firms to ensure the integrity and security of its protocol:

    •MoveBit: A security team specializing in the Move ecosystem, dedicated to establishing standards and conducting security audits for the Move ecosystem.

    •Zellic: A firm that focuses on securing emerging technologies [2].

    Team Information

    While specific individual team members of Magma Finance on the Sui network are not prominently disclosed on their official website or readily available through public searches, the project emphasizes that it is “built by an experienced team” [2]. The focus appears to be on the decentralized and immutable nature of the protocol, with governance eventually transitioning to a DAO [1].

    Their commitment to security and transparency is highlighted by their engagement with reputable auditing firms like MoveBit and Zellic, suggesting a professional approach to development and deployment [2].

    Revenue Model

    Magma Finance generates revenue primarily through its protocol fees and the economic activities facilitated on its platform. The core revenue streams are derived from the minting and redemption of its stablecoin, ioUSD, and the trading activities on its AMM DEX.

    Key aspects of Magma Finance’s revenue model include:

    •Minting and Redemption Fees: The protocol charges fees for the minting and redemption of ioUSD. These fees contribute to the overall revenue of the protocol, which can then be distributed to stakeholders, particularly those who stake the native $MGM token [1].

    •Trading Fees: As an AMM DEX, Magma Finance earns revenue from the trading fees generated by swaps and trades conducted on its platform. These fees are a standard mechanism for DEXs to generate income and incentivize liquidity providers [2].

    •Stability Pool Rewards: While not a direct revenue stream for the protocol itself, the Stability Pool mechanism plays a crucial role in maintaining the ioUSD peg and incentivizing users to provide liquidity. Rewards earned by Stability Pool participants can be seen as a cost of maintaining stability, but the overall health of the stablecoin contributes to the protocol’s long-term viability and attractiveness [1].

    •ve(3,3) Tokenomics: The implementation of ve(3,3) tokenomics is designed to create long-term incentives and align the interests of users with the protocol’s success. This model encourages users to lock their Magma tokens, granting them governance rights and a share of the trading fees and veMagma rebase, effectively distributing protocol revenue back to engaged participants [2].

    In essence, Magma Finance’s revenue model is built around facilitating a decentralized stablecoin and efficient trading, with fees from these activities forming the primary income. The ve(3,3) model further reinforces this by creating a sustainable ecosystem where active participation is directly rewarded through a share of the protocol’s earnings.

    Conclusion

    Magma Finance presents an intriguing opportunity within the DeFi landscape, particularly for those interested in stablecoins, liquid staking tokens, and the Sui ecosystem. With its focus on a decentralized, LST/RWA-backed stablecoin (ioUSD) and a robust AMM DEX, it aims to provide a secure and efficient platform for various financial activities. The ongoing airdrop campaigns, both through Galxe quests and retroactive point farming via protocol interaction, offer a clear pathway for early adopters to be rewarded for their participation.

    While specific team and detailed funding information remain somewhat opaque, the project’s commitment to security through audits and its clear roadmap for implementing ve(3,3) tokenomics suggest a well-planned approach. As the DeFi space continues to evolve, projects like Magma Finance, with their innovative models for liquidity and stablecoin management, will be key to driving further adoption and utility.

    For those looking to engage with Magma Finance and potentially qualify for future airdrops, consistent participation in Galxe quests and active interaction with the protocol (trading, swapping, and providing liquidity) are crucial. Always stay informed through official channels and prioritize security in all your DeFi endeavors.

    References

    [1] Magma Protocol. What is Magma. Available at: https://docs.magma.finance/

    [2] Magma Finance. Magma Finance: The decentralized DeFi with a ve(3,3) liquidity hub on Sui. Available at: https://magmafinance.io/

  • Pengu Clash Guide: Pudgy Penguins’ New Play-to-Win Game

    Pengu Clash Guide: Pudgy Penguins’ New Play-to-Win Game

    Introduction

    The digital landscape of gaming is constantly evolving, with blockchain technology ushering in a new era of interactive experiences. Among the most anticipated developments is the emergence of play-to-earn (P2E) games, which empower players with true ownership of in-game assets and opportunities to earn tangible rewards. In this exciting frontier, a new contender has emerged: Pengu Clash. This skill-based Web3 game, built on The Open Network (TON) blockchain, has garnered significant attention due to its direct affiliation with the renowned Pudgy Penguins NFT collection. This article delves into the intricacies of Pengu Clash, exploring its connection to the Pudgy Penguins ecosystem, its innovative play-to-earn mechanics, and the promising airdrop opportunities available to early adopters.

    Connection to Pudgy Penguins

    Pengu Clash is not merely a game inspired by the Pudgy Penguins; it is a direct extension of their intellectual property, developed by the Pudgy Penguins team themselves. This strategic move signifies a deeper integration of the beloved NFT collection into the burgeoning Web3 gaming space. As confirmed by Cointelegraph, Pengu Clash is a skill-based Web3 game designed to operate on the TON blockchain. Luca Netz, CEO of Pudgy Penguins, emphasized that the game adheres to a ‘play-to-win’ model, a paradigm shift from traditional play-to-earn. In this model, success and rewards are directly tied to a player’s skill and mastery of the game, rather than speculative earning of tradable in-game currency. This user-versus-user system fosters a competitive environment where players wager against one another, making gameplay more engaging and rewarding for skilled participants.

    The development on the TON blockchain is a deliberate choice, aimed at tapping into Telegram’s vast and diverse user base. Netz highlighted that Telegram offers access to a distinct demographic, particularly in regions like Northern Europe, which the Pudgy Penguins brand had not previously reached. This expansion into a new user demographic is seen as a significant opportunity for scaling the Pudgy Penguins brand, with financial gains being a secondary, albeit welcome, outcome. The game’s infrastructure is supported by Elympics, ensuring robust support for skill-based challenges and a seamless multiplayer experience across various game modes and objectives.

    Play-to-Earn Mechanics

    Pengu Clash introduces a refreshing approach to the play-to-earn (P2E) model, emphasizing skill and engagement over mere speculation. Unlike many P2E games where earning is primarily tied to tokenomics and market fluctuations, Pengu Clash’s “play-to-win” model directly rewards players for their in-game performance and mastery. This means that success in Pengu Clash is a direct reflection of a player’s strategic thinking, reflexes, and ability to outmaneuver opponents in fast-paced, skill-driven multiplayer battles.

    The game is designed to be an action-packed experience where players can immerse themselves in dynamic battles and unlock rare rewards. The integration with the TON blockchain ensures fast and smooth interactions, crucial for a competitive gaming environment. Players are not just earning tokens; they are earning tangible rewards for their achievements within the game. This could include exclusive in-game assets, unique character traits, or other valuable items that enhance their gameplay experience and hold real value within the broader blockchain ecosystem.

    Furthermore, Pengu Clash leverages the power of Non-Fungible Tokens (NFTs) to provide players with true ownership of these exclusive in-game assets. This ownership model is a cornerstone of the Web3 gaming philosophy, allowing players to freely trade, sell, or utilize their earned assets outside the game’s immediate environment. Early participation in Pengu Clash is particularly emphasized, as it provides opportunities to unlock rare traits and items, which are expected to appreciate in value as the game and its ecosystem grow. This creates a compelling incentive for early adopters to engage deeply with the game and contribute to its burgeoning digital economy.

    Airdrop Opportunities

    For those eager to get a head start in the Pengu Clash ecosystem, significant airdrop opportunities are available, primarily targeting early access participants and active community members. These airdrops are designed to incentivize engagement and reward the initial wave of players with exclusive benefits.

    To participate in the Pengu Clash airdrop, prospective players are generally required to:

    1. Launch the Official Pengu Clash Telegram Bot and Join Early Access: This is the foundational step, granting users entry into the early stages of the game and positioning them for potential rewards. The Telegram bot serves as a central hub for early engagement and airdrop distribution.
    2. Claim a Free Bronze Chest and Upgrade to a Silver Chest: This tiered reward system encourages active participation. Users can claim a basic Bronze Chest upon entry and then upgrade it to a Silver Chest by completing simple, yet crucial, tasks. These tasks typically involve:

    • Following @PenguClash on X (formerly Twitter): This helps expand the game’s social media presence and keeps participants updated on the latest news and developments.

    • Joining the Official Telegram Channel: This fosters community engagement and provides a direct communication channel for announcements and support.

    • Inviting Friends: A referral-based system that helps grow the player base and rewards users for bringing new participants into the Pengu Clash ecosystem.

    The airdrop’s primary objective is to distribute rare NFT traits and exclusive bonuses to early adopters. These NFTs are not just cosmetic; they are expected to provide tangible in-game advantages or unique aesthetic value, further enhancing the play-to-win experience. Furthermore, there are indications of a future $PENGU token drop, which would provide participants with a direct stake in the game’s economic success. This dual approach of NFT and token airdrops aims to create a robust and rewarding ecosystem for its early community members.

    Clarification on Pengu Clash NFT Rewards

    NFT Rewards: Traits, Not Full NFTs

    Based on the research, Pengu Clash primarily rewards players with NFT traits, not full Pudgy Penguin NFTs from their flagship collection. These traits are digital assets that can be applied to a player’s in-game penguin character, offering various benefits and customizations.

    How NFT Traits Work as Rewards

    NFT traits in Pengu Clash serve multiple purposes, enhancing both the gameplay experience and the value proposition for players:

    •In-Game Utility: These traits can provide tangible advantages within the game. For example, some traits might:

    •Boost attack strength: Giving players an edge in battles.

    •Unlock new moves or abilities: Expanding a penguin’s combat repertoire.

    •Enhance defensive capabilities: Making a penguin more resilient.

    •Customization and Aesthetics: Beyond utility, NFT traits allow players to personalize their in-game penguin characters. This can include changing their penguin’s “vibe” or appearance, making each player’s character unique and reflective of their achievements.

    •Rarity and Exclusivity: The airdrop campaigns and early access programs specifically mention rewarding “rare NFT traits” and “exclusive bonuses.” This suggests that some traits will be scarcer than others, potentially increasing their value and desirability within the game’s ecosystem and on secondary markets.

    •Connection to Physical Merchandise: Interestingly, some traits can be unlocked through QR codes found with physical Pudgy Penguins toys. This bridges the digital and physical worlds, offering an additional avenue for players to acquire unique traits and further integrating the game with the broader Pudgy Penguins brand.

    •Ownership and Value: As NFTs, these traits provide players with true digital ownership. This means players can potentially trade, sell, or collect these traits, creating a micro-economy within the Pengu Clash ecosystem. The value of these traits would likely be determined by their utility, rarity, and aesthetic appeal to other players.

    In essence, instead of receiving an entire Pudgy Penguin NFT, players earn components or enhancements (traits) that can be used to customize and empower their in-game characters, while also holding potential market value due to their NFT nature and rarity.

    Conclusion

    Pengu Clash represents a significant leap forward in the integration of blockchain technology with the gaming industry, particularly within the TON ecosystem. Its direct development by the Pudgy Penguins team, coupled with a strong emphasis on a “play-to-win” model, sets it apart from many conventional play-to-earn games. By rewarding skill and engagement, Pengu Clash aims to cultivate a vibrant and competitive community where players are genuinely invested in mastering the game.

    The strategic decision to build on the TON blockchain and leverage Telegram’s extensive user base positions Pengu Clash for widespread adoption and growth. The ongoing airdrop campaign, designed to reward early participants with valuable NFT traits and potential $PENGU tokens, further solidifies its commitment to fostering a strong and engaged community from the outset. As the game continues to evolve and new features are introduced, Pengu Clash is poised to become a prominent example of how Web3 gaming can offer both entertainment and tangible value to its players, extending the reach and influence of the beloved Pudgy Penguins brand into new digital frontiers.

    Sources

    •Cointelegraph: https://cointelegraph.com/news/pudgy-penguins-debuts-play-to-win-game-ton

    •Airdrop Alert: https://airdropalert.com/airdrops/pengu-clash/

  • Cicada Finance Airdrop Guide

    Cicada Finance Airdrop Guide

    Project Overview

    Cicada Finance is redefining global asset management through its next-generation yield protocol, focusing on Real Yield Assets (RYA). Unlike traditional DeFi models that often prioritize speculative, high-volatility returns, Cicada Finance leverages tangible asset-backed returns to ensure stability and reliability [1]. The core of Cicada Finance’s innovation lies in its LT-RT Rebalance Mechanism, which optimizes liquidity and yield dynamics to drive a more sustainable, accessible, and efficient decentralized finance ecosystem [2].

    Key Concepts:

    • Real Yield Assets (RYA): These assets offer a robust and sustainable yield model, supported by tangible returns, while ensuring liquidity and transparency. Cicada Finance carefully selects and tokenizes Real World Assets (RWAs) through a comprehensive auditing process, ensuring their authenticity and value [1].

    • Protocol Asset Management (PAM): PAM utilizes smart contracts to automate asset management, guaranteeing fair valuations, dynamic risk management, and transparent governance. This approach allows for seamless verification of protocol yield through blockchain explorers, thanks to the transparent and open-source nature of on-chain native assets [1].

    • CeDeFi & DeFi Assets: Cicada Finance integrates both Centralized Decentralized Finance (CeDeFi) and Decentralized Finance (DeFi) assets. The CeDeFi approach leverages institutional partnerships to unlock stable and verifiable returns, while the DeFi framework focuses on native on-chain assets [2].

    Products and Features:

    Cicada Finance offers a suite of products designed to facilitate a robust RYA ecosystem:

    • Marketplace: A platform where the liquidity and yield components of real yield-bearing assets can be traded.

    • Launchpad: A central hub for the initial launch of tokenized assets that generate authentic returns.

    • Yield Audit: Every asset listed on the marketplace and launchpad undergoes a strict audit to ensure its legitimacy and yield potential.

    • Cicada Protocol: Powered by the LT-RT Rebalance Mechanism, this protocol enables seamless conversion between Liquidity Tokens and Rebase Tokens, fostering recursive liquidity and composability with other ecosystem partners [1].

    Cicada Finance aims to bring the future value of yield to the present through its innovative Protocol Asset Management, pioneering a new era of on-chain asset management.

    Cicada Finance Pre-Season Airdrop: Step-by-Step Guide

    The Cicada Pre-Season Campaign is designed to warm up participants for future major milestones and potential airdrops. The campaign primarily involves social tasks, with some on-chain tasks that require holding specific cryptocurrencies. While direct interaction with the campaign page to connect a wallet is typically required to track progress and earn gems, this guide will outline the tasks based on publicly available information from the campaign page.

    Campaign Link: https://campaign.cicada.finance/campaigns/

    General Steps to Participate:

    1. Sign In with Web3 Wallet: The campaign platform requires you to sign in with a Web3 wallet. It is often recommended to use a new or burner wallet for airdrop campaigns to minimize potential risks.
    2. Complete the Tasks and Subtasks: Once signed in, you will see a list of tasks. These tasks are categorized and contribute to your overall progress and gem earnings. The pre-season campaign includes both social and on-chain tasks.

    Pre-Season Campaign Tasks Breakdown:

    Social Tasks (Predominantly for Pre-Season):

    These tasks focus on community engagement and spreading awareness about Cicada Finance. They typically involve interacting with the project’s social media channels.

    • Follow Cicada: Follow Cicada’s official X (formerly Twitter) account (https://x.com/CicadaFinance). This is a fundamental step to stay updated with project announcements and participate in social tasks.

    • Join Discord: Join Cicada’s official Discord community. Discord is a key platform for real-time communication, announcements, and community support. Look for the Discord link on their official website or X page.

    • Have you met Mner Club? Follow Mner Club. This task suggests a partnership or collaboration, and following their social media is usually the requirement.

    • Have you met Gary? Give a follow to Gary Yang, who is noted as a lead incubating investor. This highlights key individuals associated with the project.

    • Pokemon GO Iris, Gary, and Sally: These tasks involve meeting incubating investor Iris Yu, Gary Yang, and BD Lead Sally at local events and scanning their QR codes for GEMS. These are location-specific and event-dependent tasks, which might not be feasible for all participants.

    • Comment with “Cicadian” on the Tweet: This task requires engaging with a specific tweet, likely related to an online live event at Loop Space. Active participation in such events can be beneficial.

    • Rick’s Space 参加者 Bonus I & II: These tasks are related to a special Space event hosted by @rickawsb, featuring Gary Yang. Participants would need to enter a special code or scan a QR code shared during the event. This emphasizes the importance of attending project-related online events.

    • Loop Space: Join a live stream on LOOP Space with the Chinese community. This indicates a focus on global community building and engagement.

    • GAIB “Real Yield” Space Special: This task involves hopping on Discord for a special code related to a discussion about Real Yield. This encourages participation in discussions and quick action to claim rewards.

    On-Chain Tasks (Present in Pre-Season):

    These tasks involve interacting with blockchain networks and holding specific assets. They often serve as a way to filter out bots and reward genuine users.

    • Connect a Wallet: As mentioned in the general steps, connecting your Web3 wallet is crucial for the platform to verify your on-chain activities and holdings.

    • Learn and Earn: Hold at least 0.007 BNB on the Binance Smart Chain (BSC) to unlock a new set of learning and earning tasks. This is a common mechanism to encourage users to hold the native token of a related blockchain.

    • Base Community Unite: Hold at least 0.0031 ETH on the Base Network in your wallet. This indicates an interest in the Base ecosystem and potentially future integrations.

    • BSC Community Unite: Hold at least 0.0086 BNB on the BSC Network in your wallet. Similar to the previous task, this reinforces engagement with the BSC ecosystem.

    • Arbitrum Community Unite: Hold at least 17 $ARB on the Arbitrum One Network in your wallet. This suggests a focus on the Arbitrum ecosystem and its native token.

    Future Seasons and On-Chain Tasks:

    While the pre-season campaign includes a mix of social and on-chain tasks, the project’s whitepaper and overall focus on Real Yield Assets (RYA) and Protocol Asset Management (PAM) strongly suggest that future seasons will likely involve more extensive on-chain interactions. These could include:

    •Staking and Liquidity Provision: Given Cicada Finance’s emphasis on yield and liquidity, future tasks might involve staking rtCIC tokens or providing liquidity to their pools.

    •Asset Management Interactions: Engaging with the PAM features, such as depositing assets into RYA pools or participating in asset rebalancing, could be key on-chain tasks.

    •Governance Participation: As Cicada Finance implements a decentralized governance framework, future airdrops or rewards might be tied to participation in DAO voting and proposals.

    •Trading on their Marketplace/Launchpad: Once their marketplace and launchpad are fully operational, tasks could involve trading RYA or participating in token launches.

    It is highly probable that Season 1 and subsequent campaigns will build upon these foundational on-chain activities, rewarding users who actively contribute to the protocol’s growth and stability. Staying updated through their official social channels (X, Discord) and whitepaper will be crucial for anticipating future on-chain tasks.

    Team Information

    While specific individual team members are not extensively detailed across all public resources, the Cicada Finance whitepaper indicates a dedicated “Team” allocation of 10% of tokens, reserved for long-term protocol development and contingency reserves [4]. This suggests a core team committed to the project’s longevity.

    Furthermore, the pre-season campaign tasks highlight key individuals involved with the project:

    •Gary Yang: Identified as a lead incubating investor, his involvement in events like “Rick’s Space” and the “Pokemon GO Gary” task suggests a prominent role in the project’s early development and strategic direction.

    •Iris Yu: Also an incubating investor, her presence in the “Pokemon GO Iris” task indicates her contribution to the project.

    •Sally: The BD Lead, her inclusion in the “Pokemon GO Sally” task points to her role in business development and partnerships.

    The project’s presence on RootData, a crypto project data platform, shows a strong community sentiment with 94.5% bullish votes, indicating confidence in the project and its underlying team [5]. The team’s commitment to a “Low FDV, High FLOW” tokenomics model further emphasizes their focus on sustainable utility and long-term value creation over short-term speculation [4].

    Funding Information

    While specific funding rounds and amounts are not explicitly disclosed in the publicly available information, the Cicada Finance whitepaper provides insights into its token allocation strategy, which serves as a form of initial funding and resource distribution [4].

    Token Allocation Breakdown:

    •Fair Launch (60%): A significant portion of tokens is allocated to liquidity providers. This strategy aims to enhance protocol liquidity and drive market activity, indicating a community-centric approach to initial distribution rather than traditional venture capital funding rounds.

    •Ecosystem Fund (20%): This fund is dedicated to supporting ecosystem growth, including partnerships, developer initiatives, and community incentives. This allocation ensures resources are available for the continuous development and expansion of the Cicada Finance ecosystem.

    •Treasury (10%): Reserved for core team members and advisors, this portion sustains ongoing development and operations, providing a stable financial base for the project.

    •Team (10%): Dedicated to long-term protocol development and contingency reserves, this allocation aligns the team’s incentives with the long-term success of the project.

    The absence of traditional funding announcements might suggest a bootstrapped approach or private funding that is not publicly disclosed. However, the substantial allocation to Fair Launch and Ecosystem Fund indicates a strong emphasis on community participation and organic growth as key drivers of the project’s development.

    Revenue Model

    Cicada Finance employs a dynamic yield distribution system as its primary revenue model, which is intricately linked to the performance of its Real Yield Assets (RYA) pools [3]. This model is designed to optimize returns and ensure a sustainable ecosystem.

    Key aspects of the Revenue Model:

    •Yield Generation from RYA Pools: The core of the revenue model is the yield generated from the carefully selected and audited Real Yield Assets (RYA). These assets are backed by tangible returns, providing a stable and verifiable source of income for the protocol.

    •Dynamic Yield Distribution: Cicada Finance utilizes advanced algorithms to continuously monitor the performance of these RYA pools. This allows for the automatic reallocation of yields to maximize investor returns, adapting to evolving market conditions.

    •Transparency and Accountability: All processes related to yield generation and distribution are executed transparently via smart contracts. Real-time data is publicly accessible on the blockchain, reinforcing trust and accountability within the ecosystem [3].

    •Benefits for Token Holders: The economic governance framework empowers holders of rtCIC tokens to actively participate in shaping the protocol’s strategic direction. While not a direct revenue stream for the protocol, the yield distribution mechanism benefits token holders, aligning their interests with the protocol’s success and encouraging long-term holding [3].

    In essence, Cicada Finance’s revenue model is not about charging high fees but rather about generating sustainable yield from real-world assets and distributing it efficiently and transparently within its ecosystem, thereby creating value for its participants and ensuring the protocol’s long-term viability.

    Conclusion

    The Cicada Finance pre-season airdrop campaign offers a valuable opportunity to engage with a promising new project in the DeFi space. By understanding the project’s core principles, its innovative approach to Real Yield Assets, and diligently completing the outlined tasks—both social and on-chain—participants can position themselves for potential future rewards. While the pre-season focuses on foundational engagement, the project’s whitepaper and strategic vision suggest a future rich with on-chain interactions, staking, and governance participation. Staying informed through their official channels and actively contributing to the community will be key to maximizing your involvement in the Cicada Finance ecosystem and its future airdrop campaigns. The emphasis on sustainable yield, transparent governance, and real-world asset integration positions Cicada Finance as a project with significant long-term potential in the evolving Web3 landscape.