Tag: avalanche

Lamina1 ($L1) Token Airdrop Guide: Testnet LIVE NOW!
Lamina1 is a layer-1 blockchain based on a fork of Avalanche, built for the metaverse. It is co-founded by Peter Vessenes (co-founder of Bitcoin Foundation) and Neal Stephenson (award-winning author, coined the term “Metaverse”). Lamina1 has hinted on Discord at conducting a token airdrop for the community. In this article, we will briefly explain what Lamina1 is what you can do to position for the airdrop.

Lamina1 ($L1) Token Airdrop Step-by-Step Guide

Here’s how to get the Lamina1 ($L1) token airdrop:
1. Create a Lamina1 Wallet
2. Add Lamina1 Testnet to MetaMask
3. Claim Testnet $L1 Tokens on MetaMask
4. Claim Testnet $L1 Tokens on C-Chain Address
5. Complete Tasks on Crew3
6. Set Up a Node
See below for more in-depth details!

What is Lamina1?

Lamina1 is a layer-1 blockchain optimized for the Open Metaverse. It is based on a fork of the Avalanche blockchain, providing builders a flexible framework to create digital assets. The network uses a high-speed proof-of-stake (PoS) consensus algorithm, customized to support the needs of content creators.

Project Team and Funding

Lamina1 was co-founded by Peter Vessenes (co-founder of Bitcoin Foundation) and Neal Stephenson (award-winning author, coined the term “metaverse”). The project has set up the Lamina1 Ecosystem Fund (L1EF), the world’s first publicly accessible ecosystem fund for layer-1 blockchains. It is designed to provide broad economic access to accredited investors interested in championing the Open Metaverse.

Does Lamina1 Have a Token?

Yes, Lamina1 has a native token called $L1. It’s a hard-capped, scarce asset that is used to pay for fees, and secure the platform through proof-of-stake. It has a basic unit of account between the multiple Subnets created on the blockchain. One nL1 is equal to 0.000000001 L1.

How to Get the Lamina1 ($L1) Token Airdrop?
The best way to get the potential Lamina1 ($L1) token airdrop is to interact with their testnet and complete tasks on Zealy. Here’s a step-by-step guide:
1. Create a Lamina1 Wallet
  Go to the Lamina1 Web Portal and create a new L1 Wallet. Generate your key phrase and save them securely.
  
  After your wallet is created, you’ll be redirected to your portfolio page. At the top right screen, you’ll see your X-Chain, P-Chain, and C-Chain wallet addresses and QR code.
  
  X-Chain is for receiving funds, P-Chain is for receiving staking rewards and cross chain transfers, and C-Chain is for interacting with the Ethereum Virtual Machine (EVM).
2. Add Lamina1 Testnet to MetaMask
  Go to the Faucet page. Click “Add Subnet to MetaMask” at the bottom, and you will automatically have the Lamina1 Testnet network on your MetaMask.
3. Claim Testnet $L1 Tokens on MetaMask
  On the Faucet page, paste your MetaMask address and request 2 L1.
4. Claim Testnet $L1 Tokens on C-Chain Address
  Paste your Lamina1 C-Chain wallet address and request 2 L1.
  
  The C-Chain can only be used to claim test tokens, because the faucet is only compatible with Ethereum-based wallet clients.
5. Complete Tasks on Zealy
  Complete the tasks on Zealy to get the “Testnet” role. This allows Lamina1 to keep track of your participation. Those who participated by accruing XP on Crew3 will receive an End-of-Testnet Giveaway!
6. Set Up a Node
  You can also set up a node and run it on the Lamina1 primary network. They have a complete guide on it.
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: Lamina1 has addressed the community on conducting a token airdrop. They will officially announce the details soon, so stay tuned for future updates!

Airdropped Token Allocation: The total token supply is yet to be revealed.

Airdrop Difficulty: For now, the tasks are simply claiming testnet tokens on Lamina1. More features will be released soon. You don’t have to set up a node if you simply want to be a user of the protocol.

Token Utility: $L1 will be used for transaction fees and staking to secure the network.

Token Lockup: There is no tokenomics yet.
April 20, 2023
EtherDrops Review and Tutorial
EtherDrops is a Telegram based bot designed to track major crypto markets and NFTs. Many crypto enthusiasts would use data tracking sites such as CoinMarketCap and CoinGecko, and these tools are excellent as ‘wikipedias’ for all the altcoins out there. However, for those with more advanced needs, there are much better resources available that can make your life easier.

If you’ve been in crypto for several years, you’ll probably have a Telegram account. Most of the crypto projects in existence have official Telegram channels to keep their communities informed and up to date on developments, so the chances are you also use the messaging platform.

This is just as well, because one thing that makes Telegram very useful is its ability to add bots that serve different purposes to the end-user. This is where EtherDrops comes in, so you can be part of the various crypto communities and track your tokens all on the Telegram app.

What is EtherDrops?

Originally created in 2018 as a tool to monitor Ethereum wallets, EtherDrops was mainly used to track the transactions of Ether ‘whales’ as well as one’s own wallets on the first smart-contract blockchain.

Four years later, EtherDrops has evolved into something much bigger than wallet monitoring. It is now integrated with Ethereum, Polygon, Fantom, Avalanche and BNB Smart Chain, providing a convenient place to track all your crypto activities within one Telegram bot.

Users are equipped with simple-to-use tools to follow coin prices, as well as track and receive real-time notifications on wallet transactions, DEX and CEX swaps, NFTs, liquidity pools, Binance funding, gas prices, and more.

By shaping settings according to your own personalized needs using a unique combination of advanced tools and instruments, EtherDrops becomes a simple yet essential bot that notifies you about anything you want, or alerts you to certain conditions. Thousands of investors, traders, and holders use it to navigate their crypto journeys.

The bot already has more than 400,000 users on board and keeps growing steadily. With the product sending over 5,000,000 notifications daily, it’s no surprise that each day they welcome hundreds of new users onboard.

EtherDrops Features

Major features of EtherDrops include:
- Price tracking;
- Wallet tracking;
- Liquidity pools;
- OpenSea integration;
- Gas price notifications;
- Integration with Telegram groups and channels; and
- Token distribution alerts.
Price Tracking

Tracking the prices of various cryptocurrencies is a basic need for long-term investors or traders. Add coins by name, ticker or contract address. Apply your personalized settings to receive instant notifications about price changes and swaps.
- Price Change Notifications – Set % Price Change to generate an alert.
- Swap Alerts – Set $ Value to track Swaps on Uniswap, Sushiswap, Balancer and other supported DEXs.
Wallet Tracking

Add a wallet by its address to monitor incoming and outgoing transactions, airdrops, NFT transactions, and created contracts.
- Transaction Notifications – Choose between different event types and set $ alerts to be notified about transactions.
- Wallet Balance – Check Balances of assets and NFTs.
Liquidity Pools

Add a liquidity pool by its contract address and receive % pool changes should it increase or decrease within the specified range.
- LP Changes – Set the % change value to stay on top of your added pool.
OpenSea Integration

Track the floor price and metrics of NFTs and arts on the Ethereum network. To follow your collection, add it by the name or address and set a % price change or generate a $ price target.

Gas Price Notifications

At times ETH gas prices can be really high and leave you with an eye-watering bill in fees to pay if you make a transaction. Set gas price notifications and save yourself a fortune!
- Set Gas Alerts – Set Gwei amount to generate an alert. As soon as it hits the target or lower, you’ll be immediately notified.
Check out our Advanced Tips and Tricks to Save on Ethereum Gas Fees:

Integration with Groups & Channels

If you are an admin or a community manager of a project using Telegram, or you run a trading group, your channel could benefit from integration with the EtherDrops bot.
- All Bot Features in your Groups and Channels – The same alerts and notifications you set in your individual account can be applied to groups and channels.
Token Distribution Alerts

Token distributions often create market price pressure and increase capitalization. Be the first to obtain such info and assess market conditions to make a play in your favor (if you use Margin or Futures trading).
- Token Distribution – Receive distribution alerts from seed, private and other events for tokens that you’ve added to monitoring.
Tutorial: How to use EtherDrops

1. How to install EtherDrops bot

To install EtherDrops, simply follow this link to open the bot in Telegram. It will automatically link the bot to your account. Here is an official list of the available EtherDrops install links. If you experience any delays with bot updates, you can switch to any other official link.

2. How to add a wallet

In the Main Menu, select “+Add wallet”. Tick ✅ which networks you wish to add to monitoring for your wallet and press ✔ Done (for example ETH and Polygon). Then type in your wallet address and name it. You’ll now be immediately notified whenever there are any transactions happening within the wallet, including NFT activity, in/out transactions, airdrops, etc.

3. How to edit wallets

In the Main Menu, select “Edit Wallets”. Choose the wallet you wish to edit. The menu with available options will open up. You can Delete, Rename, make it your Favourite (if ON, notifications with this wallet will be illuminated for better visibility), follow only IN, OUT or ALL transactions, check Balances, add/remove Networks for this wallet, set Alert Transactions filter (you’ll only be notified about transactions that are bigger than the specified threshold).

4. How to add a liquidity pool

In the Main Menu, select “+Add pool”. Choose the network. Next, enter the address of the liquidity pool. Enter the % liquidity change to create a notification. When the liquidity of a pool changes within your specified range, you’ll be instantly notified.

5. How to edit liquidity pools

In the Main Menu, proceed to “Edit pools”. Choose the liquidity pool to add additional settings. You can Delete, Rename, turn your Notifications ON or OFF for this specific pool, or change the % notification alert.

6. How to add a new coin

In the Main Menu, select “+Add coin”. Next, enter the contract address, symbol, or name of the coin. Choose the coin from the list and select network (ETH, BSC, ERC-20, Polygon, or CEX). Finally, enter the % price change and $ value for swaps (in case the coin is traded on a DEX) to create a notification. Now you are following this coin. Whenever there is a swap or price change within the range you specified, you’ll receive an instant notification.

7. How to edit coins

In the Main Menu, proceed to “Edit coins”. Choose the coin. You can Delete, turn your Notifications ON or OFF for this specific coin, change Price Denomination (in USD, BNB, ETH, BTC), change the price % notification alert, create a price alert (if a coin is x USD, you’ll receive a notification), or change swap alerts.

8. How to add an NFT

In the Main Menu, select “+Add NFT”. Enter the contract address or name of the NFT. Select the right one and type in the % price change alert to receive notifications.

9. How to edit NFTs

In the Main Menu, select “Edit NFT”. Choose the NFT. You can Delete, change % alert or price, set a new price alert, or turn notifications ON/OFF.

10. How to set gas price alerts

In the Main Menu, select “Set gas alert”. Type in the desired fast gas price to create an alert.

Conclusion

EtherDrops is a simple yet comprehensive one-stop tool for all your crypto tracking needs and continues to add new networks, coins, and exchanges as the market expands so you’ll never be short of what you need. It just takes one click and a few easy-to-follow steps within Telegram to get set up, and that short initial setup time proves to be well worth it.

For a comprehensive tutorial on the more advanced features of EtherDrops such as quick shortcuts, special commands, managing profiles, how to set up the bot for groups and channels, and subscription options, read to the end of this quide. If TL;DR you can also watch a video tutorial here.

Follow DropsTab / EtherDrops for more information:

Website | Telegram | Twitter | Medium
July 26, 2022
Ethereum Merge is Coming, Is This the End of Ethereum Killers?
The Ethereum network is said to be the fastest and most scalable blockchain after the Merge in September, effectively cementing its position as the front-runner of smart-contract networks. What will this mean for other popular competing layer-1 blockchains known as “Ethereum Killers?” If you are holding any of these coins, you might want to consider its future prospects.

The Ethereum Merge in September

Ethereum founder Vitalik Buterin addressed at the Ethereum Community Conference in Paris that the Ethereum network will hit the 55% roadmap completion level after its much-anticipated “Merge” in September. The Merge will mark the beginning of Ethereum’s proof-of-stake upgrade, potentially enabling the network to process 100,000 transactions per second (tps), according to Buterin, which is significantly higher than even centralized financial services like Visa and Mastercard.

For the longest time, the biggest problem that has been plaguing Ethereum is scalability. In its current state, Ethereum can only process 12 to 25 tps with an average confirmation time of around six minutes. As a result, the network gets congested, leading to extremely high gas fees. To address that problem, the Merge involves many protocol changes that would allow users to enjoy fast transactions and low gas fees. Buterin has even given each of these planned upgrades rhyming names which he calls the “merge”, “surge”, “verge” and “purge.“
- Merge
  - Refers to combining the Ethereum mainnet with the proof-of-stake beacon chain, also known as EIP-3675.
- Surge
  - Refers to the addition of Ethereum sharding, a scaling solution which will further enable cheap layer-2 blockchains and lower the cost of rollups or bundled transactions, making it easier for users to operate nodes that secure the Ethereum network. This reduces congestion on the main chain by distributing traffic to 64 shard chains.
- Verge
  - Refers to the implementaion of “Verkle trees” (a kind of mathematical proof) and “stateless clients”, aimed at making the network more decentralized. These features will allow users to become network validators without having to store large amounts of data on their nodes.
- Purge
  - Refers to the removal of historical data in a bid to streamline the network, also known as EIP-4444, a proposal focused on storing said historical data in execution clients such as The Graph, BitTorrent and block explorers, since relying to store everything on existing nodes can hamper scalability.
What are “Ethereum Killer” Blockchains?

“Ethereum Killers” refer to Ethereum’s competing layer-1 blockchains, namely Solana, Avalanche, Polkadot, Algorand, and Cardano. They inherited the killer name because they offer similar features to Ethereum but at significantly lower costs and faster speed.

Ethereum Killer coins have been a very popular asset to investors looking for an alternative network to Ethereum. Smart-contract platforms have been dominating the market cap in the crypto space. According to Coingecko, it is the second highest crypto category by market cap, just behind the Ethereum ecosystem.

What will happen to “Ethereum Killers” after Merge in September?

If Buterin is able to deliver what he promised, then Ethereum will most certainly be the front-runner of smart-contract networks. People will look to Ethereum to being the primary platform for DApp development, DeFi activities, NFT minting and marketplace and more.

Although Ethereum Killer coins have been pumping recently due to bullish sentiment surrounding Ethereum and its long-awaited Merge, communities are speculating whether this is just hype as competing blockchains of Ethereum will no longer have competitive advantage in terms of speed and scalability. Even until now, none of them have been able to dethrone Ethereum from its number two spot by market cap. The upcoming merge will only propel Ethereum upward, but that is if Buterin delivers what he promised. He stated that they will soon test the merge on Ropsten (Ethereum’s testnet).

The largest future problem for Ethereum will most likely remain to be scalability. Although the new system will be faster, it is unlikely to solve the issue of high gas fees immediately since network demand is likely to rise as efficiency increases. But that is not to say that gas fees will forever be expensive on the Ethereum blockchain. But until Ethereum is able to achieve high scalability, Ethereum Killer blockchains remain to be viable alternatives for fast transactions and low gas fees. We will just have to wait and see in September.
July 25, 2022