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Tag: Airdrops

  • Script Network ($SCPT + $SPAY) Token Airdrop Guide: LIVE NOW!

    Script Network ($SCPT + $SPAY) Token Airdrop Guide: LIVE NOW!

    The Script Network testnet just went live, and you can earn points from completing simple tasks, which directly correspond to your token rewards. In this article, we will explain what Script Network is and what you can do to position yourself for the airdrop.

    You can use our referral code 9GYApp1S3I to sign up for their testnet!

    Script Network ($SCPT + $SPAY) Airdrop Step-by-step Guide

    Here’s how to get a potential Script Network airdrop:

    1. Sign up for Script Network
    2. Interact with Script Network
    3. Create a wallet.
    4. Request $SPAY and $SCPT tokens from faucet.
    5. Stake tokens
    6. Transfer tokens between wallets
    7. Complete tasks on Crew3

    See below for more details

    What is Script Network?

    Script Network, also known as Script TV, is a decentralized streaming platform powered by their own layer-1 protocol, Script Blockchain. It aims to solve some of the problems the current streaming industry is facing. Apart from video streaming services, the system provides incentives for decentralized bandwidth and content-sharing, all at a more affordable rate than conventional service providers. Moreover, users can earn tokens (i.e. $SPAY) and other rewards from watching content, hence their watch-to-earn economy model.

    Script Blockchain

    Script Blockchain is a specialized blockchain designed to relay video and data. Its unique multi-BFT consensus design includes Validator Nodes and Lightning Nodes that propose and verify new blocks. The blockchain also supports Turing-complete smart contracts, allowing for new user experiences and attribution models for DApps.

    With smart contracts, users can enjoy digitized item ownership, innovative payment models, and trustless crowdfunding mechanisms. As a result, community members can host and relay live stream video data globally. The network is run by thousands of community members, eliminating the need for a single central server or service.

    Who is the Team behind Script Network?

    Abiel Alazar and Akeem Ouko are the co-founders of Script Network, which has a team of team skilled professionals with previous work experience at Sony, HBO, Spotify, EA, PayPal, Nike, and Adidas. They’re backed by some of the prominent Web3 organizations including Chainlink, NFTrade, Poolz, and Gate.io.

    Does Script Network have a Token?

    Yes, in fact, Script Network uses a dual token system — $SCPT and $SPAY:

    • $SCPT is the governance token used to manage the network and content through a decentralized autonomous organization (DAO), with a fixed supply of 1 billion tokens. It can also be used as payment for advertising and earned by running a node. Furthermore, users can stake $SCPT to receive crypto and NFT rewards.
    $SPCT token utility
    $SPCT token utility (Image source: Medium)
    • $SPAY is the operational token that is used for serves as a means of rewards, transactions, and upgrading ScriptGLASS, which is the required NFT for watch-to-earn. Unlike $SCPT, $SPAY has a token supply of 5 billion with a 7%-9% yearly inflation. Its primary function is to facilitate all transactions on the blockchain, including payment for sharing a video stream, interacting with smart contracts, and NFT transaction fees, among others.
    $SPAY token utility
    $SPAY token utility (Image source: Medium)

    How to Receive $SPAY Airdrop?

    Script Network has confirmed airdropping 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply to the community. Here’s how to potentially get a $SPAY airdrop:

    1. Sign up for Script Network
    2. Interact with Script Network
    3. Create a wallet.
    4. Request $SPAY and $SCPT tokens from faucet.
    5. Stake tokens
    6. Transfer tokens between wallets
    7. Complete tasks on Crew3

    Sign up for Script Network

    Go to token.script.tv/tv and click “sign in/sign up.” Connect your wallet such as MetaMask, and then sign up with your email. You can use our referral code 9GYApp1S3I.

    Interact with Script Network

    Once you have logged into Script Network, you’ll see all the channel and program schedules as you scroll down. You can select any video to watch, and there is a live chat room as well!

    Go to token.script.tv/dashboard to see your account analytics. You can see your rewards and referral code here. There are also other features on the DApp, but they aren’t open currently.

    As of now, there are four ways to earn points for the airdrop:

    1. Log in every day.
    2. Watch at least one video every day.
    3. Talk on the live chat.
    4. Invite friends with a referral code.

    Create a wallet

    To qualify, you need to sign up at the Script Network website here. To create a new wallet click “Create a Wallet” at the bottom of the page. Then you will be required to set up a password, tick the disclaimer, and download keystone onto your device. Afterward, copy down the 12-word recovery phrase and keep it safe. Finally, unlock your wallet to continue.

    Script Network wallet
    Script Network wallet

    Request $SPAY and $SCPT tokens from faucet

    To request $SPAY tokens, go to “Receive” in your wallet and “Faucet”. Afterward, you will be automatically logged out and asked to re-login. This is for security reasons. You will receive your testnet $SPAY tokens within 10–15 minutes.

    To request $SCPT tokens, you will need to type in your Script Native wallet address in their #scpt-token-faucet Discord channel. You will receive your testnet $SCPT tokens within 24 hours.

    Stake tokens

    Note this option is only available to those who are running a test edge, lightning or validator node.

    Transfer tokens between wallets

    To transfer tokens, go to “Send” in your Script wallet. Choose which token ($SPAY or $SCPT) you wish to send, the destination address and the amount. Then hit “Send” and confirm the transaction with your wallet password.

    Complete tasks on Crew3

    Script Network has a Crew3 Questboard where users can complete tasks in order to earn XP points. Tasks include signing up to Script Network, joining and participating in their social media channels etc. The team has confirmed on their Discord channel that the XP rewards earned on Crew3 may be converted to rewards and used as the snapshot for the leaderboards. To participate in the Script Network Crew3, go to their Crew3 Questboard, connect your wallet, and complete the tasks.

    Script Network Token Airdrop Review

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

    Likelihood of Airdrop: Script Network has confirmed a $SCPT and $SPAY airdrop to the community.

    Airdropped Token Allocation: 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply will be airdropped.

    Airdrop Difficulty: The four tasks are very easy to complete, just make sure to do them every day.

    Token Utility: $SCPT is the governance token used to manage the network and content display, whereas $SPAY will be the operational token for transaction fees, rewards, and upgrading the ScriptGLASS NFT.

    Token Lockup: The issuance of $SCPT tokens will follow a strict vesting schedule, indicating that Validators agree not to trade tokens during the initial six months and instead contribute them to the staking pool during this timeframe to facilitate the network’s functioning.

  • Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

    Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

    Spin is a decentralized crypto trading platform built on NEAR Protocol. It offers users a secure, fast, transparent, and cost-effective way to trade in digital assets. Their user experience is designed to be competitive with centralized exchanges, while still providing the benefits of decentralization. Spin has already completed its first airdrop in December 2022 and was a huge success. Don’t worry if you missed out on their first airdrop because Spin is now in the final countdown for its second (bigger) airdrop, and a snapshot will be taken soon. Here’s our guide on how you can get the second Spin token airdrop.

    Spin ($SPIN) Airdrop Step-by-step Guide

     Spin has successfully completed its first airdrop in December 2022. Here’s how to get the second $SPIN token airdrop:

    1. Use Spin mainnet.
    2. Participate in the Spin community.
    3. Own Spin NFTs.

    See below for more details.

    What is Spin?

    Spin is a decentralized trading platform built on NEAR Protocol. It provides users with a range of products and services designed to meet the needs of both novice and experienced traders, DeFi investors, and those seeking passive income. Spin combines the best of CeFi and DeFi to create an advanced 360° trading platform that offers a user experience comparable to that of a centralized exchange, without compromising on security, speed, transparency, or trading costs. Their features include spot trading, instant swaps, and perpetual features. They will also be launching their Automated Investment Products (AIPs) soon.

    What is the Spin token?

    Spin has a native token known as $SPIN and is a utility and governance token. Utilities of the $SPIN token include:

    • Staking $SPIN can entitle you to 50% of the platform’s fees.
    • Trading actively on Spin can get you $SPIN token incentives as a reward.
    • Market makers receive $SPIN according to the amount of liquidity they provide, the spreads, and their uptime.
    • Vault users can receive rewards for depositing in Vaults (e.g. options premiums) and $SPIN tokens.

    $SPIN has a total token supply of 1 billion tokens, of which 2.0% of the total token supply (i.e. 20 million $SPIN) will be allocated towards airdrops. Of this, 0.5% i.e. 5 million $SPIN have already been distributed in their first airdrop. So the second larger is going to be 3 times the size of the first!

    How to receive $SPIN airdrop?

    Spin has already done a first airdrop in December 2022. During this airdrop, 0.5% of the total token supply (i.e. 5 million $SPIN), were allocated to the Early Adopters’ Airdrop.

    Spin confirmed they will have a final $SPIN token airdrop for not-so-early users before their token launch, and which activities will qualify. 1.5% of the total $SPIN token supply (i.e. 15 million $SPIN), will be distributed in this airdrop. But, the vesting period will be stricter and longer. Here’s how to get the second $SPIN token airdrop:

    1. Use Spin mainnet.
    2. Participate in the Spin community.
    3. Own Spin NFTs.

    Use Spin mainnet

    Spin’s mainnet has already been launched and all activities on it will count towards the second airdrop. Their protocol offers spot, perpetuals trading, and decentralized option vaults (DOV). To use Spin’s mainnet, go to their website and click “Trade on Spin”. Then, connect your wallet. You can then trade on their perpetual markets, spot markets and swaps. They also have a “Strategies” feature which allows users to choose a strategy to deposit funds. These Strategies will then start to generate income from option premiums. This is by running a weekly automated covered call strategy. Note however that this is Spin’s mainnet, so you will be using your own funds to trade.

    Participate in the Spin community

    Be an active participant in the Spin community by following their Twitter, and joining their Discord and Telegram. You can also go to Spin’s Crew3 questboard to complete their quests. However, this is only available for those who have the Spinosaur role on Discord.

    Own Spin NFTs

    Spin has released its own set of Freaky Elves NFTs. Owning a Freaky Elf NFT gives you the following perks:

    • Guaranteed and priority access to the SPIN IDO (Initial DEX Offering).
    • Access to premium product features on Spin. Such as fee discounts, early access to alpha features, special avatars, etc.
    • Get special Discord roles and private chat access with other NFT holders.

    All Freaky Elf NFTs have been minted. However, you can buy them from NFT marketplaces such as Para.

    How to claim Spin token airdrop?

    As mentioned, Spin has already done a first token airdrop where 0.5% of the total $SPIN supply (i.e. 5 million $SPIN) was airdropped to users. These airdropped $SPIN tokens are required to be locked up for 3 months after the public token sale. To claim your first Spin token airdrop, go to their Airdrop Page and connect your wallet.

    Spin token airdrop review

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

    Likelihood of Airdrop: Spin has done a successful airdrop before and confirmed they will do a second one soon.

    Airdropped Token Allocation: 1.5% of the token supply (i.e. 15 million $SPIN), will be distributed in this airdrop.

    Airdrop Difficulty: Participating in this airdrop is going to be difficult. Users will have to be active on the Spin mainnet, and although they have different products to choose from (e.g. spot or perpetual trading), it does require users to use their own funds. Spin has also confirmed that holding its Freaky Elves NFT may entitle you to airdrops, but these have all been minted already. So you will need to buy them from NFT marketplaces.

    Token Utility: $SPIN and is a utility and governance token. $SPIN is also distributed as a reward for various activities on the protocol.

    Token Lockup: Those who received the first $SPIN airdrop are locked up for 3 months after the public token sale. The team has said that the lockup for the second $SPIN token airdrop will be “stricter and longer”, but it is unknown how long it will actually be.

  • Thala Labs ($THL) Token Airdrop Guide: CONFIRMED!

    Thala Labs ($THL) Token Airdrop Guide: CONFIRMED!

    Thala Labs is a decentralized finance (DeFi) protocol that is building a yield-bearing stablecoin and a liquidity provisioning layer on Aptos. Thala is currently in testnet phase, and will eventually release its $THL token and airdrop. In this article, we provide the ultimate Thala Labs ($THL) token airdrop guide so you can be in the best position to maximize any potential airdrop.

    Thala Labs ($THL) Airdrop Step-by-step Guide

    Here’s how to receive a potential Thala Labs ($THL) token airdrop:

    1. Go to Thala and connect your wallet.
    2. Get testnet APT tokens.
    3. Create a vault
    4. Deposit $MOD to the stability pool
    5. Redeem $MOD for $APT
    6. Add to liquidity pools
    7. Submit bug reports
    8. Collect an exclusive Thala NFT

    See below for more details

    What is Thala Labs?

    Thala is a decentralized finance (DeFi) protocol that operates on the Aptos blockchain. In its most recent funding round, Thala raised US$6 million in a seed round co-led by Shima Capital, White Star Capital and Parafi Capital. Thala offers two main products: Move Dollar and Thala Swap.

    Move Dollar (MOD) is a decentralized, censorship-resistant stablecoin designed to facilitate transactions, interactions, and other activities within the Aptos DeFi ecosystem. It is backed by a basket of on-chain assets, including liquid-staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs. Hence it provides users with a store of value, a medium of exchange, and a unit of account. MOD also offers users the opportunity to earn yield on their investments.

    Meanwhile, Thala Swap is an automated market maker that enables users to create dynamic pool weightings. This protocol supports a variety of pools, such as weighted pools, stable pools, and liquidity bootstrapping pools. Thala Swap unlocks additional use cases for MOD tokens and provides deep, long-term liquidity. Additionally, Thala’s launchpad provides a secure and equitable way of distributing tokens for projects and market participants.

    What is the Thala Labs ($THL) token?

    THL is the token of Thala Labs- it is a governance token that is native to Aptos. The THL token allows holders to vote on proposals and make decisions about the future of the protocol. Through Thala Improvement Proposals (TIPs), token holders can initiate proposals, vote on issues, and suggest changes to protocol parameters. This allows holders to have a say in the direction of the protocol and transition it to a DAO model.

    Will there be a Thala Labs ($THL) token airdrop?

    According to Thala’s Documentation, there will be a total supply of 100 million THL tokens. 35 million $THL (35%) is allocated to incentivize people to use the protocol and Thala’s other future products. It is worth noting that in their tokenomics, they specifically mention airdrops in their $THL emissions schedule and total circulating supply graphs. From these graphs, we can see that around 8.3 million $THL will be distributed via airdrops and that this will all be distributed within the first year of their Token Generation Event (TGE).

    $THL emissions schedule and total circulating supply
    $THL emissions schedule and total circulating supply (Image Source: Thala Documentation)

    With the amount of funding that the project has raised, and the success of the Aptos airdrop in the past, it is highly likely that Thala will also do an airdrop in order to attract even more users onto their platform.

    How to get a potential Thala Labs ($THL) token airdrop?

    Thala Labs has recently launched Thala Swap on testnet for the general public to try out. It is hoped that using Thala Swap would make you eligible for any potential airdrop. Here’s how to get a potential Thala Labs ($THL) token airdrop:

    1. Go to Thala and connect your wallet.
    2. Get testnet APT tokens.
    3. Create a vault
    4. Deposit $MOD to the stability pool
    5. Redeem $MOD for $APT
    6. Add to liquidity pools
    7. Submit bug reports
    8. Collect an exclusive Thala NFT

    Connect your wallet to Thala

    Go to Thala and connect your wallet. Thala currently supports Martian, Pontem and Petra wallets. Note you will need to change to Aptos Testnet to connect to the site.

    Get testnet APT tokens

    Get testnet APT tokens on Thala by clicking “Faucet”, and “Collect to claim”. Then, choose your wallet and then click “approve”. You can also get APT directly from your wallet (we used Martian wallet). To do this, click “Airdrop”. Then, connect your wallet to Apotos Labs, verify the transactions on your Martian wallet, and click “Activate faucet”. You will then receive 1 APT in your wallet, but you can click “Activate faucet” multiple times to get more APT tokens.

    Create a vault

    Go to the “Vaults” tab and click “Create vault”. To create a vault, you will need to deposit $APT tokens and borrow $MOD. Note you will need to borrow at least 500 $MOD, meaning that you must deposit at least 70 $APT.

    Deposit $MOD to the stability pool

    Click on the “Stability pool” tab, choose the amount of $MOD you wish to deposit, and click “Deposit”.

    Redeem $MOD for $APT

    Click on the “Redeem” tab, choose the amount of $MOD you want to redeem, and click “Redeem”. Note you will need to pay a redemption fee.

    Add to liquidity pools

    Click on the “Liquidity pools” tab, choose which pool you wish to add liquidity to, then click “deposit”. Select the number of tokens you wish to add then click “Add liquidity”.

    Submit bug reports

    If you find a bug on the Thala platform, report it! Developers reward this! To do this, go on Thala’s Discord channel and submit a report there.

    Collect an exclusive Thala NFT

    To collect an exclusive Thala NFT, go to Thala’s Galxe campaign page and complete the 10 tasks to receive an OAT NFT. Tasks include liking and retweeting Thala’s tweets, using ThalaSwap, and joining their Discord etc.

    Thala Labs ($THL) token airdrop review

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

    Likelihood of Airdrop: Thala Labs have confirmed they will have a $THL token and will be doing an airdrop. However, the team has not released details of the future airdrops yet.

    Airdropped Token Allocation: We can see from their documentation that around 8.3 million $THL tokens will be allocated towards airdrops. Also, any airdrops will be within the first year of their TGE.

    Airdrop Difficulty: As they are still in testnet stage, interacting with the protocol is free. So if they do an airdrop to reward early testers of the platform, you could potentially get an airdrop for free!

    Token Utility: The $THL token will be used for governance.

    Token Lockup: There are no details on the airdropped token lockup yet.

  • SpaceFi ($SPACE) token airdrop guide: Get free money!

    SpaceFi ($SPACE) token airdrop guide: Get free money!

    SpaceFi is the first web3 platform that will connect the Cosmos and Layer2 networks through zkSync. It offers a variety of products, including a decentralized exchange (DEX), non-fungible tokens (NFTs), a starter platform, and a spacebase. SpaceFi has already confirmed it will launch its $SPACE token, and will distribute some of these tokens via airdrops. In this article, we give you a guide on how you can earn free money with a potential $SPACE token airdrop.

    Did you know that zkSync is also doing an airdrop? This will give users the chance to potentially DOUBLE your airdrop rewards if you interact with both SpaceFi and zkSync! Check out: zkSync ($ZKS) Token Airdrop Guide: Earn double rewards!

    SpaceFi ($SPACE) airdrop step-by-step guide

    Here’s how to receive a potential SpaceFi ($SPACE) airdrop:

    1. Request testnet tokens here.
    2. Connect your wallet (e.g. MetaMask) to Space.io.
    3. Swap some $tSPACE tokens.
    4. Add liquidity to SpaceFi pools.
    5. Join the SpaceFi Discord.
    6. Join the SpaceFi Crew3.

    See below for more details

    What is SpaceFi?

    SpaceFi is a revolutionary platform that will connect Cosmos and the Ethereum Layer 2 ecosystem via zkSync. Through SpaceFi, users can trade, earn, mint, stake, sell, create, and invest in a variety of projects. With SpaceFi, users can swap assets, farm rewards, mint, and stake Planet NFTs, join or create a spacebase, and invest in new projects. SpaceFi provides users with a secure and efficient way to manage their digital assets.

    What is the SpaceFi ($SPACE) token?

    $SPACE is the native token of the SpaceFi protocol and according to their Tokenomics, would be allocated to stakeholders most aligned with the strategic direction of SpaceFi. The $SPACE token can also be converted into $xSPACE by locking $SPACE at a 1:1 ratio with a 30 days unbonding period. Meanwhile, $xSPACE can be earned from farming on their platform, or converting $SPACE tokens directly. $xSPACE can also be staked on farms to earn more xSPACE and can be used for SpaceFi governance.

    SpaceFi will have an initial supply of 60 million $SPACE tokens at genesis. 30 million $SPACE has already been released on Evmos mainnet on 7th March 2023. The remaining 30 million $SPACE will be released on zkSync mainnet when it is launched. The team has already said that a part of these tokens will be allocated toward airdrops and on the platform, there is already an airdrop page up.

    How to get a potential SpaceFi ($SPACE) token airdrop?

    SpaceFi is already available on zkSync testnet. So one way to potentially get a $SPACE token airdrop is to interact with the protocol in anticipation of the zkSync Era mainnet launch. Here’s how to get a potential SpaceFi ($SPACE) token airdrop:

    1. Request testnet tokens here.
    2. Connect your wallet (e.g. MetaMask) to Space.io.
    3. Swap some $tSPACE tokens.
    4. Add liquidity to SpaceFi pools.
    5. Join the SpaceFi Discord.
    6. Join the SpaceFi Crew3.

    Swap $tSPACE tokens

    On the platform, click the “Swap” tab. Select how many and which type of token you want to change to $tSPACE, then click “Approve”. Approve the transaction on your MetaMask and click “Swap” and “Confirm swap” on the SpaceFi platform.

    Add liquidity to SpaceFi pools

    Click on the “Pool” tab and “Add liquidity”. Then choose the 2 tokens you want to add to the pool. You may need to approve the use of the token by clicking “Approve”, then “Supply”.

    Join the SpaceFi Crew3

    Join the SpaceFi Crew3. On Crew3, You can also complete the quests on Crew3 which include following their social media accounts and joining their guilds. Completing each quest allows you to claim a reward.

    SpaceFi ($SPACE) token airdrop review

    Likelihood of Airdrop: SpaceFi have already confirmed they will do an airdrop. There is even an airdrop page up on their platform!

    Airdropped Token Allocation: The team have confirmed a portion of the 60 million $SPACE tokens released at genesis will be allocated towards airdrops.

    Airdrop Difficulty: So far, it seems that interacting with the SpaceFi testnet could make you eligible for an airdrop. But, there are many steps that need to be done (though fortunately only with testnet funds). Also, there are quite a few Crew3 quests to do.

    Token Utility: The $SPACE token can be used for staking and is given as rewards to SpaceFi’s supporters.

    Token Lockup: 60 million $SPACE will be released at genesis (30 million already released on Evmos mainnet, and later, 30 million upon zkSync Era mainnet launch). There will be a total supply of 600 million $SPACE, with token issuance being cut by one-third every year until the maximum supply of 600 million is reached.

  • SupraOracles ($SUPRA) Token Airdrop Guide: LIVE NOW!

    SupraOracles ($SUPRA) Token Airdrop Guide: LIVE NOW!

    SupraOracles’ incentivized testnet is now live, and they are giving away $SUPRA airdrops and GRAND prizes such as cars and Pax gold every month! SupraOracles is built by a renowned research team with deep academic roots. It has a massive network of partnerships and investors. This project has huge potential this year as it gears up towards its mainnet launch in Q2 2023. In this article, we will explain what SupraOracles is and what you can do to position yourself for the $SUPRA airdrop.

    Use our invite link to sign up, and both of us will get Stars that unlock $SUPRA tokens! Once you complete the KYC verification and tasks, you can earn a total of 30 stars and 200 $SUPRA. The whole process is very user-friendly and easy to follow.

    SupraOracles ($SUPRA) Airdrop Step-by-step Guide

    Here’s how to receive a potential SupraOracles ($SUPRA)token airdrop:

    1. Sign Up at SupraOracles
    2. Complete Missions
    3. Enter Grand Giveaway
    4. Share Referral Link

    See below for more details

    What is SupraOracles?

    SupraOracles is introducing a new technology called a “cross-chain oracle infrastructure”. This technology allows for accurate and secure transfer of off-chain data between different blockchains and distributed ledger systems. Additionally, the information transfer happens quickly, with a finality of only three to five seconds.

    As a result, developers can access timely and precise information to build data applications that are not possible with the oracles today. This opens up new use cases such as derivatives backed by real-world assets, options market, and multi-lateral clearing and settlement across public blockchains.

    Who is the Team behind SupraOracles?

    SupraOracles is the flagship project by the Entropy Foundation, co-founded by Joshua D. Tobkin and Jon Jones. The research team, led by Dr. Aniket Kate, consists of numerous PhD scholars who are distinguished in their academic fields. These scholars have decades of product development and coding experience in the blockchain industry. (bluffsrehab.com)

    SupraOracles currently has over 600 signed integration partners, which includes some of the leading L1 and L2 ecosystems in the world like Ethereum and Polygon. As of now, the oracle testnet is live on 34 blockchains.

    Does SupraOracles have a Token?

    Yes, SupraOracles plans to launch its $SUPRA token. It will be used to facilitate restaking, which is the process of restaking staked tokens to provide security for other protocols on a layer-1 network. The total supply of $SUPRA is 10 billion tokens.

    How to Receive $SUPRA Airdrop?

    SupraOracles has allocated 50 million $SUPRA tokens for airdrops in the “Blast Off” community campaign. To participate, simply sign up and complete simple tasks. You can also refer friends to win $SUPRA tokens and enter for a chance to win weekly prizes, giveaways, and private round whitelisting. Here’s a step-by-step guide:

    1. Sign Up at SupraOracles

      Use our invitation link to sign up for SupraOracles. Verify your email account and complete the KYC process.

      Once you have done so, you will receive stars that can be used to level up your rank and unlock more $SUPRA rewards.

    2. Complete Missions

      Once you have set up your account, you will be redirected to the missions page. These missions include video guides and quizzes. After completing a mission, you can unlock your crate to see if you have won $SUPRA tokens or more stars.

    3. Enter Grand Giveaway

      You can win real-world prizes every month at the Grand Giveaway, ranging from all-expenses-paid trips to a Supra car.

    4. Share Referral Link

      You can share your referral link to earn more stars, allowing you to rank up and earn even more $SUPRA tokens.

    Airdrop Review

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

    Likelihood of Airdrop: Yes, the $SUPRA airdrop campaign is now live.

    Airdropped Token Allocation: 50 million $SUPRA tokens will be distributed to the “Blast Off” campaign participants.

    Airdrop Difficulty: The KYC registration and tasks are very easy thanks to their user-friendly interface. You can also share your referral link with your friends to earn even more rewards.

    Token Utility: The $SUPRA token will be used to facilitate restaking, which is the process of restaking staked tokens to provide security for other protocols on a layer-1 network.

    Token Lockup: $SUPRA will follow a 12-month cliff and then a 4-year quarterly vesting schedule.

  • Synthr ($SYNTH) token airdrop guide: Get ready for free money!

    Synthr ($SYNTH) token airdrop guide: Get ready for free money!

    Synthr is a synthetic asset protocol built on Ethereum, Aptos, Sui and Sei. It allows users to mint and trade on-chain derivatives using trustless financial contracts. Most importantly, the team has already confirmed they will do an airdrop! Here’s our Synthr token airdrop guide, which will help you best position yourself for maximum airdrops!

    Did you know that some people made over US$10,000 during the Aptos airdrop? Now, Sui is ALSO following suit and doing a potential airdrop. Check out our Sui token airdrop guide!

    Synthr ($SYNTH) airdrop step-by-step guide

    Here’s how to receive a potential Synthr ($SYNTH) token airdrop:

    1. Join their Discord
    2. Follow their Twitter

    See below for more details

    What is Synthr?

    Synthr is a DeFi protocol that provides traders with access to a universal and omni-accessible market. It was created by a team of experts in DeFi and traditional investors with real-world trading experience. Synthr’s goal is to enable traders to take advantage of the opportunities offered by DeFi solutions and to break down the barriers of traditional finance. It provides traders with the tools they need to succeed in the ever-evolving world of trading.

    What is the $SYNTH token?

    $SYNTH is the native token of Synthr. According to Synthr’s Whitepaper, $SYNTH will be rewarded for depositing into their vaults. There will be an initial supply of 690,095,238 $SYNTH released at the Token Generation Event (TGE). Most importantly, the team has already confirmed they will allocate 1.7% of these tokens (i.e. 11,731,619 $SYNTH) towards an airdrop. However, there are no further details on when and how Synthr will do the airdrop.

    How to get a Synthr $SYNTH token airdrop?

    Synthr have confirmed they will do an airdrop, but not how and when this will be. This is likely because Synthr is in a very early stage of development. Their testnet is currently only live for their OGs (of which there are only 100 people). But, is expected to be available for the public in Q1 2023. According to their FAQs, they expect to launch their mainnet in late Q1 2023/early Q2 2023. However, it is likely this will be delayed. Nevertheless, this means you are still early and have a good chance to be part of their future airdrop. Here’s how you can best position yourself for a future Synthr ($SYNTH) token airdrop:

    1. Join their Discord
    2. Follow their Twitter

    Doing this will put you in the best position to be the first to know when details of the airdrop are finally announced.

    Synthr ($SYNTH) token airdrop review

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

    Likelihood of Airdrop: Synthr has already confirmed they will do an airdrop. But the details are unknown.

    Airdropped Token Allocation: The team has confirmed that 1.7% (i.e. 11,731,619 $SYNTH) of the $SYNTH tokens released at the TGE will be allocated towards airdrops.

    Airdrop Difficulty: The Synthr testnet is not open to the public yet. So the only things that can be done now to position yourself for the future airdrop is to join their Discord and follow their social media channels.

    Token Utility: The $SYNTH token is given as a reward for depositing into the Synthr vaults.

    Token Lockup: Over 690 million $SYNTH will be released at TGE. According to their Whitepaper, the vesting period for a major part of the total token supply have been drawn out for as long as 60 months.

  • Quai Network ($QUAI) Token Airdrop LIVE: Earn $2000 for Free

    Quai Network ($QUAI) Token Airdrop LIVE: Earn $2000 for Free

    Hunting for crypto airdrops is a great way to make free money. Some people have made as high as $10,000 from the Aptos token airdrop. If you missed it, Quai Network is another upcoming project with airdrop qualifications happening right now. Let’s take a look at what Quai Network is and what you can do to receive their token airdrop before it’s too late!

    Quai Network ($QUAI) Airdrop Step-by-step Guide

    Here’s how to receive a potential Quai Network ($QUAI) token airdrop:

    1. Engage with Quai Network’s Twitter
    2. Engage with Quai Network’s Reddit

    See below for more details

    What is Quai Network?

    Quai Network is a decentralized network of multiple proof-of-work (PoW) blockchains running in unison. These blockchains have native interoperability, allowing for cross-chain transactions and messages. It is also fully EVM compatible, allowing any Solidity contract to be ported and deployed.

    Quai Network provides a novel approach to blockchain scaling, different from parallel processing chains such as Aptos and Sui. It aims to maximize the energy efficiency of PoW by introducing the concept of modularity.

    Proof-of-Work 2.0 (PoW2)

    Quai Network sought to improve upon the PoW consensus mechanism by addressing its environmental concerns. For the longest time, Bitcoin’s PoW algorithm has been infallible, but it also consumes massive amounts of energy. And it will continue to rise as mining difficulty increases after every Bitcoin Halving event. This is why Ethereum switched to proof-of-stake (PoS).

    But Quai Network believes that PoS is inherently centralized due to the amount of money it requires to be a validator, creating a gap between the validator “class” and everyday users. Therefore, Quai Network has introduced an upgraded version of PoW called Proof-of-Work 2.0 (PoW2) where hash power can be reused to secure multiple chains. This is achieved by utilizing a novel combination of merged mining and sharding, reducing computational cost while allowing the network to scale more efficiently.

    Merged Mining

    Merged mining is the process of securing multiple blockchains with one miner, allowing miners to earn rewards in multi cryptos without having to switch between networks or use additional hardware. It was first conceived by Satoshi Nakamoto in the Bitcoin white paper, in which a completely seperate blockchain could share CPU power with Bitcoin, inheriting the same security and decentralization of Bitcoin without requiring dedicated miners.

    Quai Network uses this concept, but instead of having Bitcoin as a parent chain, it has its own parent chain (the Prime Chain) which secures the many other chains beneath it by sharing hashrate. This improves throughput over monolithic chains such as Solana without the need for layer-2 solutions. Moreover, Quai Network is horizontally scalable, which means additional chains can be added to meet network demands. This is possible because of their multi-chain architecture.

    Multi-Chain Architecture

    Quai Network’s architecture makes use of sharding by dividing a single blockchain into multiple smaller and faster blockchains to improve network performance, similar to Ethereum and Polkadot. Its network is divided into a hierarchical structure of three different types of chains. At mainnet launch, Quai Network will begin with the single Prime Chain, three Region Chains, and nine Zone Chains.

    • Prime Chain

    The Prime Chain is at the core of the entire network, utilizing a hashing algorithm that is shared across all subordinate chains (Region and Zone). It aggregates and settles state transitions across the network, which means miners are required to mine the Prime Chain to keep the blockchains functional.

    However, it has the highest mining difficulty, which means it has the slowest throughput (one block every 15 minutes). Therefore, it is not ideal for simple transactions and DApp activities. It is mostly for use in situations where the whole network is being addressed and securing the network.

    • Region Chains

    There are three Region Chains at mainnet launch: Cyprus, Paxos, and Hydra. These chains have lower mining difficulty, thus a higher throughput than the Prime Chain (one block every 5 minutes). These chains handle lesser network interactions that are not necessary to address the entire network. They can also interact natively on the network, but each require unique mining power. Therefore, a miner can only mine a single Region Chain at a time, in addition to the Prime Chain.

    • Zone Chains

    At mainnet launch, each Region Chain will have three Zone Chains under it. These Zone Chains have the highest throughput (one block per 10 seconds) and TPS capacity, making them ideal for regular transactions and contract interactions. As such, most activity on Quai Network will occur on Zone Chains. They are also able to interact with other Zone chains, even those under different Region Chains. But similar to Region Chains, miners can only select one Zone Chain to mine.

    • Coincident Blocks

    Coincident Blocks tie the whole hierarchal structure together, linking all chains which enables cross-chain state transfers and periodic pegging of all chains to the Prime Chain’s total work. These blocks allow the entire network to inherit the same security of the Prime Chain, governed by three rules:

    1. All Prime blocks must contain a Region and Zone block.
    2. All Region blocks must contain a Zone block.
    3. Zone blocks can be mined asynchronously without being included in a Prime or Region coincident block.
    Source: Quai Network

    Basically, a Coincident block occurs when (1) a Prime, Region, and Zone block are confirmed at the same time OR (2) when just a Region and Zone block. Each time a Coincident block is mined, all blocks since the last coincident block are then confirmed by the Region Chain, continuing upwards until the Prime Chain — think of it as a roll call. Therefore, chains lower in the hierarchy can inherit the security of the Prime Chain while still conducting independent activities.

    Who is the Team behind Quai Network?

    Quai Network is developed by Dominant Strategies, a technology development company based in Austin. The company was co-founded in 2019 by Alan Orwick, Jonathan Downing, Karl Kreder, Yanni Georghiades, and Sriram Vishwanath, all of whom worked together in the Electrical and Computer Engineering department at the University of Texas. They co-wrote and published the white paper for Quai Network in December 2021.

    Dominant Strategies has raised $10 million over two funding rounds — $8 million from Polychain Capital in March 2022 and $2 million from Alumni Ventures in May 2022.

    Does Quai Network have a Token?

    Yes. $QUAI will be used to ensure network security and as an exchange of value in the ecosystem. Their token supply is hard-capped but its total number is not yet determined. According to their tokenomics, 25% is distributed as “adoption incentives”, 3% for “community” and 0.5% for “testnet incentives.” This means token airdrop opportunities for early users of Quai Network!

    Source: Quai Network

    How to Receive Quai Network ($QUAI) Token Airdrop?

    Quai Network has a Social Media Rewards Program that will airdrop $QUAI tokens for engaging with their Twitter, YouTube, Reddit, TikTok, and Instagram. Compared to other projects, this is one of the easiest ways to earn free tokens.

    To begin, join their Discord server and follow their Twitter account. Afterwards, you can check your rewards on the Quai Dashboard. If you have a Citizen role in their Discord server, you will have a 1.5x multiplier for your $QUAI rewards. You can obtain it by completing their survey here. It is easy to do if you have some degree of understanding of the project.

    From here on out, Quai Network will reward you $QUAI tokens for your engagement with their social media platforms. As of now, only Twitter and Reddit rewards are available. YouTube, TikTok, and Instagram rewards will be available soon.

    • Twitter
    1. Follow Quai Network.
    2. Follow additional team accounts.
    3. Liking and retweeting Quai Network’s Tweets that are less than seven days old (limited to twice a day).
    4. Make a Tweet mentioning Quai Network. Original and insightful Tweets that are liked or replied by Quai Network will grant you additional rewards.
    • Reddit
    1. Make a unique post in their channel (limited to twice a day).
    2. Make a post about Quai Network in another approved crypto-related Subreddit (limited to twice a day).

    It is worth noting that your account must have more than 50 post/comment karma, and the post must be approved by their team. Therefore, it will some time for your rewards to show if you make a post on Reddit.

    Quai Airdrop Review

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

    Likelihood of Airdrop: Quai Network’s token airdrop is now live!

    Airdropped Token Allocation: According to Quai’s tokenomics, 25% will be distributed as “adoption incentives”, 3% for “community” and 0.5% for “testnet incentives.” This could mean token airdrop opportunities for early users of Quai Network!

    Airdrop Difficulty: Quai Network has a Social Media Rewards Program that will airdrop $QUAI tokens for engaging with their social media accounts on Twitter, YouTube, Reddit, TikTok, and Instagram. This is one of the easiest ways to earn free tokens compared to other projects!

    Token Utility:  The $QUAI token will be used to ensure network security and as an exchange of value in the ecosystem.

    Token Lockup: Participants of Quai Network’s Social Media Rewards Program will receive their $QUAI tokens upon Quai Network’s Mainnet Launch

  • ArbiSpace ($ARS) Token Airdrop Guide LIVE: Ends March 6th

    ArbiSpace ($ARS) Token Airdrop Guide LIVE: Ends March 6th

    ArbiSpace ($ARS) is a crypto launchpad built on Arbitrum. They recently announced a live $ARS airdrop event which will end on 6th March 2023. In this article, we will explain what ArbiSpace is and how to position yourself for their airdrop.

    ArbiSpace ($ARS) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential ArbiSpace ($ARS) token airdrop:

    1. Go to gleam.io/iocyb/arbispace-special-airdrop-event.
    2. Submit your Arbitrum One wallet address.
    3. Follow them on Twitter and Telegram.
    4. Retweet ArbiSpace and quote their pinned Tweets.
    5. Refer a friend to boost your chances of getting more $ARS airdrop.

    See below for more details.

    What is ArbiSpace ($ARS)

    ArbiSpace leverages the layer-2 rollup technology of Arbitrum to create a secure and smart launchpad for DeFi developers and investors. Essentially, it provides DeFi projects with all the features and tools they need. For example, for token issuance, liquidity management, community operations, and DAO governance. Meanwhile, everyday users can invest in crypto projects at an early stage, with the potential to get the most profit. It also offers revenue-sharing protocols for yield farmers, and has strict moderation mechanisms integrated for safety and security.

    Does ArbiSpace have a Token?

    ArbiSpace confirmed on their document that there will be a total supply of 170 million $ARS. There will be an initial supply of 300,000 $ARS. ArbiSpace will split this into two rounds: a private round of 130,000 $ARS and a listing round of 170,000 $ARS. The ArbiSpace team has 10.2 million $ARS locked for two years with a linear vesting of 5%. Also, 13.46 million $ARS locked for two years with a linear vesting of 5% for marketing campaigns.

    Farming rewards will receive the largest share of 146 million $ARS. Additionally, the smart contract will release 100,000 $ARS per day for farming rewards in a 4-year period according to pre-set rules.

    ArbiSpace Airdrop Rounds

    40,000 $ARS have been allocated to airdrops. Arbispace announced on Twitter that their airdrop event is now live for a limited time. The team will allocate 20,000 $ARS (worth around $15,000) for a second round of airdrop after 6th March.

    How to Receive $ARS Token Airdrop?

    All you have to do is go to gleam.io/iocyb/arbispace-special-airdrop-event and complete the tasks to be eligible for the $ARS airdrop. The tasks are very simple. You just have to submit your Arbitrum One wallet address, follow them on Twitter and Telegram. Retweet ArbiSpace and quote their pinned Tweets. You can also refer a friend to boost your chances of getting more $ARS airdrop.

    ArbiSpace airdrop tasks
    Complete these simple tasks for ArbiSpace airdrop (Source: ArbiSpace)

    Airdrop Review

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

    Likelihood of Airdrop: ArbiSpace confirmed on their document that there will be an $ARS airdrop.

    Airdropped Token Allocation: 40,000 $ARS in total will be airdropped. The first round, consisting 20,000 $ARS, is live, and the cutoff date is 6th March 2023.

    Airdrop Difficulty: The tasks for the airdrop are very simple to complete. All you have to do is (1) submit your Arbitrum One wallet, (2) follow them on Twitter and Telegram, (3) retweet them and quote their pinned Tweets, and (4) and refer a friend for extra entries.

    Token Utility: $ARS will be used as a fee for token minting, launchpad, and smart contract locking. $ARS will also be rewarded for yield farming protocols.

    Token Lockup: The ArbiSpace team has 10.2 million $ARS locked for two years with a linear vesting of 5%. Also, 13.46 million $ARS locked for two years with a linear vesting of 5% for marketing campaigns.

  • Eggs ($EGGS, $aEGGS) Token Airdrop Guide: High risk, high reward?

    Eggs ($EGGS, $aEGGS) Token Airdrop Guide: High risk, high reward?

    Eggs have suddenly shown up on our airdrop radar. Seemingly with no actual utility, Eggs calls itself an “eggsperiment in decentralized finance”. The $EGGS token also does not seem to have any use. The only thing that is known about them is that the supply of the EGG token is decreasing by around 0. (https://www.iport.com/) 001% per block or around 7% per day. Eggs however have announced a free $aEGGS airdrop coming soon on Arbitrum, and a user snapshot has not been taken yet. So, you can still be eligible for the upcoming airdrop. In this article, we have compiled our ultimate guide on how to get the Eggs $aEGGS token airdrop.

    Eggs ($EGGS, $aEGGS) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Eggs ($EGGS, $aEGGS) token airdrop:

    1. On their website, connect your wallet.
    2. Buy $EGGS on UniSwap.
    3. Stake your $EGGS on either the FULL protec or big protec vaults. Note staking on the smol protec vaults does not make you eligible for the $aEGGS airdrop.
    4. On the “deposit” tab, choose the amount of $EGGS you want to stake and click “Approve”.
    5. To withdraw your $EGGS, click on the “withdraw” tab, choose the amount of $EGGS you want to withdraw and click “Approve”.

    See below for more details.

    What are Eggs?

    EGGS is a decentralized finance experiment that is being threatened by the “Egg Cartel”, a group of criminals stealing EGGS and decreasing the supply by 0.001% every block, or around 7% per day. This has caused a crisis in the EGGS market, and users are tasked with looking for ways to protect their investments.

    The project asks users to protect their EGGS by depositing them into secure vaults. The full protec vault offers the highest level of protection and has a locking period of 7 days on deposit and partial withdrawals. Meanwhile, Big and Smol vaults offer partial protection in the form of rewards. Both of these vaults have a locking period of 24 hours and partial withdrawals will not lock them. Depositing or claiming rewards will reset the timer and lock for another 24 hours. Protect your EGGS and earn rewards with secure vaults.

    Does Eggs have a token?

    Eggs have an $EGGS token with an initial supply of 3,324,324,324,357. However, around 931,616,056,878 of $EGG tokens have already been burned. The current supply of $EGGS is less than 2,000,000,000,000 (and decreasing 0.001% every block). EGG has a debasing mechanism to its token supply, which will reduce the number of EGGS in circulation. This will benefit holders of EGGS, as the price of the token will continue to increase if no one is selling and ETH remains stable. The debasing will affect the entire token supply, including EGGS held in vaults and EGGS held in liquidity pools. This is a great opportunity for holders of EGGS to benefit from the increasing value of the token, as the amount of ETH remains the same.

    $EGGS tokens do not appear to have any utility. Except that staking $EGGS in either Full, Big or Smol vaults gets you rewards. There are three types of vaults. Full protec vault will fully protect your $EGGS and won’t be affected by debase. But it has a 7-day locking period. The other two vaults only protect your $EGGS partially in the form of rewards of 10 million $EGGS per block (but subject to change). Big protec vault earns you 9/10 of the rewards by staking EGGS/ETH LP on Uniswap V2. Whereas the smol protec vault earns you only 1/10 of the rewards. Both of these vaults only have a locking period of 24 hours. This 24-hour lock will reset every time you deposit or claim $EGGS in the vault.

    $aEGGS tokens will be given during the airdrop for those who have locked their $EGGS in the Big or Full protec vaults. However, it does not appear that $aEGGS tokens have any utility either.

    $EGGS staking stats (Source: egg.care)

    Are Eggs safe?

    The smart contract for the $EGGS token does have a mint function. This can potentially allow the developer to mint unlimited $EGGS and drive down its market prices due to overwhelming supply. However, according to the project, it is a Timelock contract set for 3 days. This means everyone has time to react for 3 days if the developer does do something.

    Eggs however does not seem to be a project with any purpose or token utility, so users and potential airdrop hunters should exercise caution.

    How to Receive Potential $aEGGS Token Airdrop?

    Eggs has announced on Twitter it will be doing a FREE airdrop on Arbitrum. A snapshot has not been taken yet so users still have a chance to join and be eligible for the airdrop. However, to be eligible for the $aEGGS airdrop, users must have either staked their $EGGS in the Big or Full protec vault. The Smol vault does not count and unclaimed rewards do not count toward the airdrop. According to the team, more details will be announced soon.

    $aEGGS airdrop announced (Source: Twitter)

    Here’s how to receive a potential $aEGGS token airdrop:

    1. On their website, connect your wallet.
    2. Buy $EGGS on UniSwap.
    3. Stake your $EGGS on either the FULL protec or big protec vaults. Note staking on the smol protec vaults does not make you eligible for the $aEGGS airdrop.
    4. On the “deposit” tab, choose the amount of $EGGS you want to stake and click “Approve”.
    5. To withdraw your $EGGS, click on the “withdraw” tab, choose the amount of $EGGS you want to withdraw and click “Approve”.
    Stake and withdraw $EGGS
    Stake and withdraw $EGGS (Source: eggs.care)

    Eggs Airdrop Review

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

    Likelihood of Airdrop: The Eggs team have already announced an airdrop. Details are coming soon.

    Airdropped Token Allocation: The amount of $aEGGS to be airdropped are unknown.

    Airdrop Difficulty: The project has announced that only the Full or Big protec vaults will be eligible for airdrops. However you must buy $EGGS and stake them. And there does not seem to be any actual utility for $EGGS.

    Token Utility: There does not seem to be any utility for both $EGGS or $aEGGS.

    Token Lockup: The $aEGGS token lockup period is unknown.

  • Increment Finance ($INCR) token airdrop guide

    Increment Finance ($INCR) token airdrop guide

    Increment Finance is built on the zkSync ecosystem which allows on-chain perpetual swaps that feature automatically concentrated liquidity, dynamic fees, and parametrizable pools. Increment Finance launched on the same day as zkSync Fair Onboarding Alpha. Following this launch, projects on zkSync can continue running contests and bug bounty programs. This means a possibility of airdrops on zkSync ecosystem projects such as Increment Finance. In this article, we provide a guide on how you can potentially get an Increment Finance ($INCR) token airdrop.

    Learn more about how to get a potential zkSync airdrop. And don’t miss out on any other upcoming airdrops by signing up for the NEW Boxmining Newsletter to get alerted!

    Increment Finance ($INCR) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Increment Finance ($INCR) token airdrop:

    1. Participate in any Increment Finance contests or tournaments.
    2. Participate in any beta testing.
    3. Find and report any potential cases of sybil attacks (coming soon).
    4. Participate in governance by voting and commenting on Increment Finance’s governance proposals.

    See below for more details.

    What is Increment Finance?

    Increment Finance is built on zkSync Era (i.e. zkSync 2.0). It is a decentralized, algorithmic perpetual swaps protocol that features automatically concentrated liquidity, parametrizable pools, and dynamic fees. The protocol joined zkSync Era’s Fair Onboarding Alpha which was launched on 16th February 2023.

    Increment Finance is backed by venture funds such as Parafi Capital, Delphi Capital, Dialectic, LedgerPrime, AngelDAO and Skyvision Capital.

    Features of Increment Finance

    There are 3 main features of Increment Finance. The protocol supports multi-asset collateral (e.g. stablecoins and synthetic assets etc.) for trading perpetual swaps. Increment Finance also integrates Curve V2 Crypto Pools for improved liquidity and trade execution. Finally, users can increase buying power by minting more virtual assets using the Curve V2 trading engine.

    What is the Increment Finance ($INCR) token?

    Increment Finance has not launched its token, or its tokenomics and distribution model yet. But its latest blog post suggests it would have the ticker symbol $INCR. According to its documentation, the $INCR token will be for governance.

    Increment Finance has recently taken a poll, and a proposal was passed that 9,200,000 $INCR (i.e. 46% of its total token supply) will be allocated toward 3 community distributions. In the first phase, 400,000 INCR will be distributed retroactively and be available immediately to specific members of the Increment Finance community. These community members include contest winners, community writers, beta testers and those with a community role. However, the ERC-20 token contract will initially be paused, so the INCR token will not be transferable. A breakdown of which addresses will receive the initial 400,000 INCR tokens is available here.

    Phase 2 will distribute 1,000,000 tokens to the community within the first year of the token launch. Finally, the third phase will distribute another 1,000,000 tokens to the community within the second year of the $INCR token launch.

    What is the status of Increment Finance?

    Increment Finance has joined zkSync’s Fair Onboarding Alpha, which was launched on 16th February 2023. The project is currently actively

    Will there be an Increment Finance ($INCR) token airdrop?

    Increment Finance has not announced an $INCR token airdrop yet. However, they are actively discussing issues of token creation and distribution in their Governance proposals. Poll voting has recently ended and a governance proposal on phase 1 of $INCR token creation and distribution has been passed. So far, it has been decided that there will be 3 community distributions of the $INCR token. And how the first phase of 400,000 INCR will be distributed has been agreed upon. So here’s hoping the issue of airdrops would be specifically discussed soon. (https://bestsellerpublishing.org/)

    How to participate in any potential Increment Finance ($INCR) token airdrop?

    Increment Finance has not announced any airdrop yet. However, from the latest passed governance proposal, we can see how Increment Finance community members were eligible for phase 1 of the $INCR community distribution. These members will be retrospectively airdropped a total of 400,000 $INCR between them when the token launches. So based on who were eligible for phase 1 of the $INCR community distribution, here are some ways you can be eligible for any potential $INCR token airdrop:

    1. Participate in any Increment Finance contests or tournaments;
    2. Participate in any beta testing;
    3. Find and report any potential cases of sybil attacks (coming soon); and
    4. Participate in governance by voting and commenting on Increment Finance’s governance proposals.

    Increment Finance ($INCR) airdrop review

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

    Likelihood of Airdrop: No airdrop has been announced yet, but a governance proposal has recently been passed which sees a retroactive airdrop of $INCR tokens to specific community members when the token launches. So an airdrop is likely.

    Airdropped Token Allocation: Increment Finance has recently taken passed a governance proposal to allocate 9,200,000 $INCR (i.e. 46% of its total token supply) toward 3 community distributions.

    Airdrop Difficulty: Increment Finance has not launched its protocol for all users yet. So far the ways to potentially get a $INCR airdrop is to participate in their contests and vote on governance proposals. The latter is relatively straightforward.

    Token Utility: The $INCR token is used for governance.

    Token Lockup: The ERC-20 token contract for $INCR will initially be paused, so the INCR token will not be transferable by those who got airdrops in phase 1 of the community distribution. However, it is unknown how long this pause will be.