As the world races to combat climate change, blockchain technology is emerging as a powerful tool to enhance the efficiency, transparency, and accessibility of carbon markets. For crypto folks, it’s worth understanding the basics: carbon credits are tradable units where one carbon credit represents a reduction, avoidance, or removal of one metric tonne of CO2e (carbon dioxide equivalent) from the atmosphere. Tokenizing these credits onchain unlocks global participation and streamlines trading and retirement, making climate action more scalable. At the forefront of this revolution is Klima Protocol, a decentralized platform dedicated to bringing carbon markets onchain.
With its innovative approach to tokenizing, trading, and retiring carbon credits as part of the Real-World Assets (RWAs) movement, Klima Protocol is redefining how we interact with environmental assets. In this article, we’ll dive into Klima Protocol’s mission, explore the latest updates with KLIMA 2.0, and highlight what’s on the horizon for this groundbreaking project.
Klima Protocol: A Vision for a Sustainable Future
Klima Protocol aims to create a decentralized liquidity hub for carbon credits. According to its whitepaper, Klima Protocol leverages blockchain technology to facilitate efficient carbon credits’ trading, generate fees, and incentivize stakeholder participation through its dual-token system: $KLIMA and $KlimaX. $KLIMA represents carbon-backed assets, while $KlimaX serves as the governance token, empowering holders to influence the protocol’s direction, such as deciding which types of carbon credits to purchase.
Klima 2.0 Design
The protocol’s treasury is backed by a diverse range of carbon credits, ensuring that $KLIMA maintains intrinsic value tied to real-world environmental assets. By capturing the inefficiencies of traditional carbon markets—such as broker fees (aka middlemen) — and redistributing that value to ecosystem users, Klima Protocol is building an open, interoperable carbon economy that aligns financial incentives with climate impact.
Klima owns 1% share of the Voluntary Carbon Market TVL
KLIMA 2.0: A New Era for Carbon Markets
On April 1, 2025, Klima Protocol announced its highly anticipated KLIMA 2.0 update via a detailed post on X by @OptimaResearch. This update marks a significant evolution in the protocol’s token ecosystem, introducing several key changes that promise to enhance its impact on the carbon market and the broader DeFi space. Let’s break down the major updates:
1. Migration to a New $KLIMA Token on Base
Klima Protocol is migrating the existing $KLIMA token to a new version on Base, a layer-2 scaling solution for Ethereum. This transition aims to improve scalability and reduce transaction costs, making it easier for users to interact with the protocol. The new $KLIMA will continue to be backed by the carbon credits in Klima’s treasury but will reflect a broader and higher-quality range of assets compared to the previous standard of 1 Base Carbon Tonne (BCT). Additionally, $KLIMA holders can now stake their tokens to earn ecosystem fees and provide liquidity in core pools, capturing value from trading fees and arbitrage opportunities. This model of yield generation is derived from what Klima calls “structural delta”—the efficiencies gained by bringing carbon markets onchain.
$KLIMA Staking
2. Introduction of $KlimaX: Fixed-Supply Governance Token
Alongside the new $KLIMA, Klima Protocol is launching $KlimaX, a fixed-supply governance token designed to give holders a say in the protocol’s carbon credit purchasing decisions. By staking $KlimaX, users can vote on which types of carbon credits the protocol should acquire, directly influencing the treasury’s composition. Staked $KlimaX also earns yield, and holders can provide $KLIMA/$KlimaX liquidity to earn additional rewards. The value of $KlimaX is intrinsically tied to the success of $KLIMA, creating a symbiotic relationship between the two tokens.
There is an entire exposition detailing the mechanics of Klima 2.0. Refer to the “Three Economic Pillars” section in the whitepaper.
$KLIMA & $KlimaX TokenomicsTotal Supply of $KLIMATotal Supply of $KlimaX
3. $kUSD: A Game-Changing Syncratic Balancer Token
Perhaps the most exciting addition to what’s coming is $kUSD, a new type of asset dubbed a Syncratic Balancer Token (SBT). Unlike traditional stablecoins, $kUSD combines yield, decentralization, and long-term stability by being fully backed by a mix of US Treasuries and climate risk-focused assets. Drawing inspiration from Tether’s $USDT model—which generated $7 billion in revenue in 2024— the majority of $kUSD’s profits will be distributed to holders while using a portion to supercharge its carbon economy. This innovative approach positions $kUSD as a potential game-changer for both the wider DeFi space, offering a stablecoin-like experience with real yield opportunities.
4. Fair Launch for $KLIMA and $KlimaX
Klima Protocol is kicking off KLIMA 2.0 with a Fair Launch, allowing existing $KLIMA holders to stake their tokens and earn points toward the new $KLIMA and $KlimaX tokens. The Fair Launch details are available on Klima’s GitHub or KlimaDAO’s resource hub, and the staking process is now live at app.klimaprotocol.com. This inclusive approach ensures that long-term supporters of the protocol are rewarded as it transitions to its next phase.
Upcoming Updates: What’s Next for Klima Protocol?
Klima Protocol isn’t stopping with KLIMA 2.0 rollout. The project has outlined several upcoming initiatives to further solidify its position as a leader in carbon credit tokenization:
Staking Mechanics and Yield Optimization
Following the Fair Launch, Klima Protocol will publish detailed information on staking mechanics for $KLIMA and $KlimaX. This will provide users with clear guidance on how to maximize their yield through staking and liquidity provision. The protocol’s focus on yield generation—through trading fees, arbitrage—will create new opportunities for passive income while supporting the growth of the carbon economy.
Partnerships for $kUSD Development
Financial service providers, asset managers, and leading protocols are collaborating to support the development of $kUSD. These partnerships aim to deliver real yield onchain, enhance the token’s stability, and establish $kUSD as a powerful tool for decentralized finance.
Security and Transparency
On April 8, 2025, Klima Protocol partnered with Hashlock to conduct a security audit of its smart contracts, ensuring the integrity of its decentralized infrastructure. This commitment to security, combined with the protocol’s emphasis on transparency (as highlighted in its interactive whitepaper by Léo de Souza, Director of Applied Research at Klima Foundation), will build trust among users and stakeholders.
How to Get Involved: A Step-by-Step Guide
For existing $KLIMA holders and newcomers alike, now is the perfect time to join Klima Protocol ecosystem. Klima Fair Launch guide provides a clear roadmap for participating in the Fair Launch:
Visit the Official DApp: Head to www.klimaprotocol.com to access the Fair Launch dApp.
Stake Your $KLIMA: If you’re an existing $KLIMA holder, stake your tokens to earn points toward the new $KLIMA and $KlimaX tokens.
Stay Informed: Follow Klima Protocol on X (@KlimaDAO) for updates on staking mechanics and other developments.
Explore $kUSD Opportunities: Keep an eye out for more details on $kUSD, as this token promises to offer unique yield opportunities.
Conclusion
Klima Protocol is more than just a blockchain project—it’s a movement to align financial incentives with environmental impact. With KLIMA 2.0, the protocol is taking bold steps to enhance the efficiency of carbon markets, empower its community through decentralized governance, and introduce innovative financial instruments. Whether you’re a long-time $KLIMA holder or a newcomer looking to make a difference, now is the time to get involved.
Head over to www.klimaprotocol.com to stake your $KLIMA and participate in the Fair Launch. Follow Klima Protocol on X for the latest updates, and join the community in building a sustainable future—one carbon credit at a time.
ZKsync is a layer-2 scaling solution designed to speed up transactions and lower gas fees on Ethereum. There are reports ZKsync have have their token generation event (TGE) in the coming few days. Their airdrop is also anticipated to be around 13th June 2024. Meanwhile, ZKsync airdrop could entitle you to both a ZKsync ($ZK) and an ecosystem project airdrop! Here’s how to get a potential ZKsync ($ZK) token and ecosystem airdrop.
Check out our Upcoming Crypto Airdrops! And our video guide on how to get the ZKsync $ZK token airdrop!
ZKsync is a layer-2 scaling solution designed to speed up transactions and lower gas fees on the Ethereum network while maintaining high security and privacy for users. It does this through Zero-Knowledge Rollup (ZK-Rollup) — transactions on Ethereum are bundled up to be processed off-chain and then sent back to the main chain after validation.
The ZK-rollup is the core element of ZKsync. ZK-rollups generate cryptographic proofs (ZK-SNARK or ZK-STARK) to verify transactions without revealing the information itself, hence the name “zero-knowledge proofs.” It maintains privacy by making transaction details such as token amounts anonymous. It is also highly secure because compressed transaction data are stored on-chain.
Unlike other layer-2 solutions, ZKsync relies on math instead of third-party validators to scale computation. Validators are known as “operators” or “sequencers” and are in charge of executing, aggregating, and submitting transactions to the main chain, but they do not validate the transactions themselves — the Ethereum smart contract does. By relying on math and cryptographic security, ZKsync ensures a truly secure and trustless environment for decentralized finance (DeFi).
What’s the Difference Between ZKsync Era and ZKsync Lite?
At its inception, ZKsync lacked support for smart contracts, preventing activities such as using DeFi or purchasing NFTs, which are common on Ethereum. However, it did provide significant scaling for Ethereum, leading to its nickname “ZKsync Lite.”
The ZKsync Era represents an upgrade to the network, delivering all the features of Ethereum while also providing more cost-effective and faster transactions.
Does ZKsync have a Token?
ZKsync has a native token known as $ZK, which was launched on 17th June 2024. The $ZK token is the native utility and governance token in the ZKsync ecosystem by maintaining and enhancing ZKsync’s operation. One main use for the ZKsync token is to pay for transaction fees on the ZKsync network and to vote on governance decisions. Users can also stake $ZK tokens and they will be rewarded with additional ZK tokens.
Is there a ZKsync ($ZK) Token Airdrop?
The ZKsync ($ZK) token airdrop started on 24th June 2024 and eligible users can claim their airdrop until 5th January 2025. 3.675 billion $ZK tokens i.e. 17.5% of the total token supply will be airdropped to eligible users.
How to claim ZKsync ($ZK) Token Airdrop
To check your eligibility and claim your ZKsync ($ZK) token airdrop, connect your wallet or GitHub usernameHERE.
How to Receive Potential ZKsync ($ZK) Token Airdrop?
The best chance to receive $ZKS airdrop is to interact with ZKsync Lite and ZKsync Era Mainnet Alpha. Moreover, many projects in the zkSync ecosystem also do not have a token yet. So, interacting with their ecosystem dApps may entitle you to potential airdrops from zkSync and the ecosystem project. Here’s how to receive a potential ZKsync token airdrop:
Add ZKsync Era Alpha Mainnet on MetaMask.
Bridge Funds to ZKsync.
Interact with ZKsync Lite and ZKsync Era Mainnet Alpha.
Interact with the ZKsync ecosystem.
Complete quests on ZKsync’s Crew3.
Add ZKsync Era Alpha Mainnet on MetaMask
You will need to connect ZKsync Era alpha mainnet to your MetaMask. To do this, go to your MetaMask and click on the network button, then “Add network”. Then, click “Add a network manually”. Add the following information and click “Save”:
Network Name: ZKsync Era Mainnet
New RPC URL: https://mainnet.era.zksync.io
Chain ID: 324
Currency Symbol: ETH
Block Explorer URL: https://explorer.zksync.io/
WebSocket URL: wss://mainnet.era.zksync.io/ws
Bridge Funds to ZKsync Era Mainnetand ZKsyncLite
Bridge funds from Ethereum Mainnet to ZKsync Era Mainnet at bridge.zksync.io by connecting your wallet. Select the amount you wish to bridge and click “deposit”. Then, swap back to Ethereum Mainnet by clicking the arrows, choosing the amount you wish to bridge back to Ethereum, and click “Withdraw”.
Bridge funds to ZKsync Lite at https://lite.zksync.io/ by connecting your wallet. Then, top up your balance using the ZKsync bridge. You can also try using other bridges in the ZKsync Lite ecosystem such as Orbiter Finance and ZigZag Exchange.
Cheapest way to bridge funds to ZKsync Era?
Here’s a cheaper way to bridge funds to zkSync Era Mainnet:
Buy ETH on a centralized exchange (e.g. Binance or Bybit)- Sign up for a Bybit account HERE!
Send your ETH from the Exchange to your Metamask using the Arbitrum network (fees are around US$1-2)
Use Orbiter Finance to bridge ETH from Arbitrum to ZKsync Era (fees are around US$2-3)
Interact with ZKsync Lite and ZKsync Era Mainnet Alpha
Any user can now use ZKsync Lite (formerly known as ZKsync 1.0) and ZKsync Era Mainnet Alpha. This can be a potential way for users to get a zkSync airdrop even though they missed the whitelist. To interact with zkSync Lite, connect your L1 ETH wallet on ZKsync Lite (note the single-time account activation fee of 1.279 USDT). Then, interact by moving your balances from L1 on ZKsync Lite by depositing ETH or USDT. Or, withdraw your funds back from ZKsync Lite to L1.
Interact with the ZKsyncecosystem
ZKsync has an entire ecosystem of protocols. Here are some top ZKsync ecosystem projects you could interact with to maximise your chances of a potential ZKsync airdrop and even double your rewards:
Orbiter Finance is a decentralized cross-rollup layer-2 bridge that supports ZKsync as well as Arbitrum. You can send ETH, MATIC, BNB and other tokens to ZKsync and other layer-2 blockchains via the bridge. However, these are mainnet tokens (with value) since the bridge is live, but you can always bridge them back to Ethereum. Check out our Orbiter Finance Token Airdrop Guide.
ZigZag Exchange
ZigZag Exchange is an orderbook decentralized exchange (DEX) powered by ZK-rollups. You can trade or swap on ZigZag Exchange. Do 1 buy or sell transaction between ETH and USDC every week (gas fees are less than US$0.25). Here’s how to interact with ZigZag Exchange:
Deposit funds to https://lite.zksync.io/. Note you will need to deposit at least US$3 worth of ETH or USDC in order to pay the 1-time activation fee on Zigzag (around US$2.6).
Do 1 buy or sell transaction between ETH and USDC every week (gas fees are less than US$0.25).
ZigZag Exchange has also just finished its second round of airdrops (out of 7). So check out our ZigZag Exchange ($ZZ) token airdrop guide so you won’t miss out on their future airdrops!
Bungee
Bungee is a tool powered by Socket that helps people find the best way to move a digital token from one blockchain to another. Bungee has recently gone live on ZKsync Era. So sending tokens to and from ZKsync Era (and especially using the Stargate route) could position yourself for potential ZKsync, Bungee, Socket, Stargate AND LayerZero airdrops!
Argent is the only crypto wallet that offers multi-signature security and social recovery. The wallet is built on ZKsync and is the first wallet for StarkNet. The wallet has a mobile version available on the App Store and Google Play. Download Argent and use their wallet! You can send and receive funds, buy, earn, and stake crypto using Argent.
Argent recently announced an NFT drop in collaboration with JediSwap, here’s how to get the NFT:
Do a swap on JediSwap using your Argent X wallet on mainnet before 23:59 UTC on 23rd May 2023. Those who have done a swap on JediSwap using Argent X wallet before 1st April 2023 will be automatically eligible for the snapshot and won’t need to do any more swaps.
To do the swap, either use the built-in swap feature in the Argent X wallet or do the swap at https://app.jediswap.xyz/#/swap.
The team will take the snapshot at 23:59 UTC on 23rd May 2023. The claim/mint page will be shared afterwards, and you will have a total of 12 months from then to mint your NFT.
SyncSwap is a DEX built on ZKsync and has recently announced its launch on ZKsync Era testnet. It is predicted they will be one of the first protocols to launch on ZKsync Era Mainnet since they are one of the first protocols built on ZKsync. Therefore, interacting with SyncSwap will put you in a good position to get a potential ZKsync token airdrop (and possibly a SyncSwap airdrop too)! (fii-institute) Here’s how to interact with Syncswap:
Go to their Swap page. Choose the type and amount of tokens and click “Swap”. We also suggest swapping tokens on the ZKsync network using Paymaster. Paymaster allows SyncSwap users to pay gas fees using other tokens such as $USDT, $USDC and $HOLD in addition to ETH. To do this, first make sure your MetaMask wallet and SyncSwap are both on the ZKsync Era Network. Then, click and hold on your account balance and you can see the fee discounts offered by Paymaster when using other tokens to pay for gas fees. For example, you get a 50% fee discount when paying with $HOLD!
Deposit liquidity to their Pools. On the top bar, click the down arrow, “Positions” and “New Position”. Select USDC and ETH and click “Enter Pool”. Then click “Deposit” located on the left-hand side of the screen and deposit both USDC and ETH. Then, unlock your tokens and deposit them into the pool.
Interacting with SyncSwap is one of the best ways to maximize your potential airdrop with the least amount of fees. Learn how with our SyncSwap token airdrop guide!
SpaceFi
SpaceFi allows users can trade, earn, mint, stake, sell, create, and invest in a variety of projects. With SpaceFi, users can also swap assets, farm rewards, mint, and stake Planet NFTs, join or create a spacebase, and invest in new projects. SpaceFi has already launched 30 million $SPACE on Evmos mainnet, and will be launching 30 million $SPACE on ZKsync 2.0 (i.e. ZKsync Era) when mainnet goes live. The team has also confirmed they will be doing an airdrop.
Since the protocol is already live on ZKsync testnet, it may be a good idea to interact with SpaceFi in anticipation of when zkSync Era mainnet goes live. To interact with SpaceFi, request testnet tokens here. Then connect your wallet to Space.io, swap some $tSPACE tokens. Then, add liquidity to their pool. Finally, join the SpaceFi Discord and their Crew3. You can also complete the tasks on Crew3 which include joining their guilds, adding them to your CoinGecko watchlist or inviting friends to their Discord.
Velocore is the first ever ve(3,3) DEX on ZKsync. They have a native token $VC, so there may be a chance of a Velocore airdrop too? Here’s how to interact with Velocore:
If you don’t have funds on ZKsync Era yet, use Orbiter.finance to bridge funds to ZKsync Era.
Connect your wallet to Velocore’s swap page and swap some tokens. You can swap any token pairings e.g. ETH to USDT, ETH to VC etc.
Go to their Liquidity Pools and add liquidity. There are 30 pools to choose from!
Keep an eye on their Launchpad for upcoming projects and join in.
iZUMi Finance is a multi-chain DeFi protocol that provides One-Stop Liquidity as a Service (LaaS). iZiSwap, a next-generation DEX on Multi-Chains, is live on ZKsync Era and provides concentrated liquidity AMM and generates extra income for your assets. They also have their own $iZi token. In addition to doing their own airdrop, they have also promised to distribute 50% if any ZKsync and Linea airdrops they receive! Here’s how to interact with iZUMi Finance:
Mute.io is a AMM DEX with limit orders, a farming and Bond platform. They are live on ZKsync Era. Although the mute.io team have confirmed the will NOT do an airdrop, interacting with this protocol may nevertheless be helpful in getting a ZKsync airdrop. Here’s how to interact with Mute.io:
If you don’t have funds onZKsync Era yet, use Orbiter.finance to bridge funds to ZKsync Era.
Connect your wallet to their Swap page and swap any amount of tokens.
Go to their Pools and add liquidity. You can earn fees for doing this! Click “Manage” and choose the amount of liquidity you wish to add. You can also withdraw your liquidity and check your rewards at any time.
As an optional task, you can buy their $MUTE token and lock it up here.
ZKsync Name Service
ZKsync Name Service is an omnichain name service that allows users to establish their Web3 profile. Here’s how to interact with ZKsync Name Service:
Search for an available domain name. If you find an available one that you want, click “Available”.
Click “Request to register with ETH” and approve the transaction. It will cost around US$6.5 to buy a domain.
GameSwift
GameSwift aims to be a one-stop web3 gaming ecosystem based on a modular chain and zkEVM technology. From 28th September 2023, GameSwift will be hosting a GameSwift Multiverse Expansion campaign which will last for 6 weeks. In particular, week 3 of the campaign which goes live on 12th October 2023 will involve bridging to ZKsync! So completing the tasks for week 3 may position yourself for a potential GameSwift and ZKsync airdrop! Here’s how:
GameSwift also has tasks for interacting with the LayerZero network. So, there is a chance to also get a potential LayerZero airdrop too by doing these tasks!
Gitcoin is a community platform that funds and coordinate new open-source developments. To donate, go to the “grants” page. Pay via the ZKsync network for lower transaction fees.
We have found 3 projects which are also doing airdrops! All you have to do is complete the tasks and mint their NFTs! What’s more, these projects require you to interact with ZKsync, so you will be positioning yourself for a ZKsync airdrop as well.
Hypercomic
Hypercomic has just announced its collaboration with ZKsync and has launched a NFT minting celebration campaign. The objective is to complete the tasks and mint their exclusive ZK24 NFTs. There are 3 parts to the minting campaign, Part 1: Transaction Maker is LIVE until 9th February 2024, Part 2: ZKsync Expert will run from 5th to 15th February 2024, and Part 3: Dapp Hustler will run from 13th to 23rd February 2024.
To mint the ZK24 NFTs, connect your wallet HERE to see which NFTs you may already qualify for. For Part 1: Transaction maker, users with 30 or more ZKsync transactions, users with 50 or more ZKsync transaction and users with 100 or more ZKsync transactions will be eligible to mint 1 NFT. So, depending on the number of ZKsync transactions you have, you can get a maximum of 3 NFTs in Part 1. What’s more, the NFT you can mint for having over 100 ZKsync transactions is a Boost NFT which will help boost the cubic mining power in the Hypercomic Dapp.
To mint the ZK24 NFTs, connect your wallet HERE to see which NFTs you may already qualify for. If you qualify, you will be able to mint the NFT. Then, go to the “Airdrop” page to check your eligibility for the Hypercomic ($HYCO) airdrop. Users who have over 60 transactions are eligible to claim the HYCO token airdrop and are given on a first come first served basis for the first 15,000 people.
Tabi
Tabi is the first gaming chain on Cosmos. Whilst you need to be on Binance Smart Chain to complete the tasks, 2 of them are on ZKsync, which will position yourself for any ZKsync related airdrops. Complete the airdrop tasks on Tabi by connecting to their site and completing their tasks. These are mostly social tasks such as connecting your social media profiles and following their social media pages. You will be able to mint the NFT once you have completed the tasks.
GRVT
GRVT is an on-chain perpetuals exchange for ZKsync. They are currently running a social airdrop campaign. For now, all you need to do is join their waitlist. Joining their waitlist lets you earn invite points for airdrop rights as well as a ZKsync mystery box.
Complete quests on Crew3
Go to ZKsync’s Crew3 Questboard and complete the quests. Tasks include following them on social media, reading their articles, and completing quizzes.
Join the ZKsync Guild
Connect your wallet and Google and Discord accounts to https://guild.xyz/zksync-era. Note you will also need at least 20 points on Gitcoin Passport. To check the number of points you have on Gitcoin Passport, connect your wallet to https://passport.gitcoin.co/#/dashboard. On the same page, you can also connect your other accounts to gain more points. However, some accounts require more than just having an account. For some, there are requirements to have a certain age/status/role or completed tasks in those accounts in order to qualify, which will make it difficult. Here’s a list of the easiest/ least requirement accounts to sign up for in order to get 20 points: Twitter, Discord, Google, Github, Facebook, LinkedIn, ENS, BrightID, Proof of Humanity, ETH, ZKsync, Gnosis Safe, Trusta Labs.
Bonus: Complete ZKsync Era tasks on RabbitHole
RabbitHole now offers the first ZKsync Era quests, which include SyncSwap, EraLend, and Maverick. Completing each quest earns users NFT rewards and helps build their onchain history in the ZKsync ecosystem. The more quests you complete, the more quest rewards you become eligible for. Note that even if you have done similar tasks before, you will need to do them again to be eligible on RabbitHole. Here’s how to complete the tasks on RabbitHole:
Make sure you are on the Ethereum network and connect your wallet to RabbitHole.
Swap on Uniswap on Optimism.
Deposit on Exactly on Optimism.
Mint Dappad zk-KYC NFT
Dappad is running a campaign where you can mint a non-transferable Soulbound NFT powered by ZkPass and Paymaster. Minting this NFT will give you access to future launchpads in ZKsync, and it could be key to qualifying for the potential ZKsync ($ZK) token airdrop. Note you only have 10 days (i.e. until 29th March 2024) to mint the NFT! Here’s how to mint the Dappad zk-KYC NFT:
Select 1 of the 5 supported centralized exchange accounts (i.e. Binance, Bybit, KuCoin, OKEx, Coinbase) for KYC verification.
Log in to your selected exchange account when redirected. Make sure your exchange account is at least Level 1 verified.
Approve sharing your KYC details with zkPass by clicking “START”.
Return to the Dappad launchpad page after verification to see the ‘Already Verified KYC’.
Your wallet app will then prompt you to sign a contract. Confirm the transaction and the non-transferable Dappad zk-KYC NFT will be sent to your wallet with 0 fees. The NFT is proof that you have successfully completed the KYC verification process.
You can also check out our step-by-step video guide HERE.
Best ZKsync Airdrop Route for swaps?
Here’s one of the best ZKsync Airdrop routes for swaps. By doing this route you can make the most of the potential ZKsync airdrop and interact with other protocols and possibly get those airdrops too!
With this latest airdrop route, you will be interacting with 3 different protocols to get 4-in-1 airdrop! These protocols are ZKsync Domain ($ZNS), Beecoin ($BEE), and Passport NFT ($ZKP) in addition to ZKsync.
Mint ZKsync Domain ($ZNS)
Mint a ZKsync Domain HERE. Minting a domain will cost 0.0028 ETH but this is for lifetime ownership!
Share referral link
Go to the Airdrop page and share your referral link. You will get more $ZNS rewards for successful invitations.
Claim Beecoin ($BEE)
Click on “Free Mint $BEE” or to go Bee Coin. Follow their Twitter accounts, select your ZKsync Domain and click “Free Mint” to mint 1 million $BEE coins. Then click, “Add Wallet” to add your $BEE coins to your wallet. Note you will need to pay gas fees and their total supply is 100 billion coins! So, act fast before they are all minted! You can also share your invite link to receive an extra 500,000 Beecoin for each person you invite.
Passport NFT ($ZKP)
Connect your wallet HERE and click “Free Mint” to get a NFT passport. Note you will need to pay gas fees for this. Then, invite your friends to get 200 $ZKP and boost Passport Rank per friend.
ZKsync airdrop season 1: Am I eligible?
Eligibility for season 1 of ZKsync’s token airdrop was based on a snapshot taken on ZKsync Era and ZKsync Lite on 24th March 2024 at 0:00 UTC. 2 categories of users were eligible for the ZKsync airdrop: users (89%) and contributors (11%). Users on ZKSync are those who have made transactions and reached a certain level of activity. Contributors, on the other hand, include individuals, developers, researchers, communities, and companies who have contributed to the ZKSync ecosystem and protocol through development, advocacy, or education, regardless of their network activity.
The airdrop allocations for ZKsync were calculated using a points system. Here’s how the points were calcualted:
Activity-Based Points: Wallets earned points for actions like interacting with smart contracts, depositing liquidity into DeFi protocols, and trading ERC-20 tokens.
ZKsync Lite Activity: Points were also awarded for activities on ZKsync Lite, such as donating to a Gitcoin round or transacting over three different months.
Bridged Assets: Allocations were based on assets bridged to ZKsync Era, with multipliers for activity on ZKsync and Ethereum mainnet.
Minimum and Maximum Allocations: Wallets with fewer than 450 ZK tokens had their tokens recycled, while those with more than 100,000 tokens had excess tokens recycled. The minimum allocation was up to 917 $ZK tokens per wallet.
ZKsync season 1 airdrop: How to claim?
ZKsync will conduct a one-time token airdrop of 3.675 billion $ZK tokens (i.e. 17.5%) of the total token supply. Eligible users can claim their airdrop by connecting to their wallet to https://claim.zknation.io/ starting from 24th June 2024. The airdrop claim will be open until 3rd January 2025.
ZKsync season 2 airdrop strategy guide
ZKsync season 2 airdrop has already started! 2 main strategies to best position yourself for the token airdrop is to delegate your tokens and to maintain a high time weighted average balance (TWAB).
In terms of strategies to find the best delegate to delgate your $ZK token, you may want to find delegates that are active in voting on governance proposals.
How to identify and avoid ZKsync airdrop scams
ZKsync has not announced its official token yet. However, this has not stopped scammers from enticing unsuspecting victims with airdrops in order to steal their cryptocurrencies. Here are some ways in which you can identify and avoid ZKsync airdrop scammers.
Look at social media handles
Many scammers will use social media (e.g. Twitter, Telegram) handles that are confusingly similar to the official ones. For example, spelling the project name incorrectly or using different fonts and hidden characters in the handle. Other fake accounts may have spelled the project name correctly but has other words behind it e.g. ZKsync (@ freetokens). Always check the official ZKsync website.
Impersonating admins or mods
Scammers have been known to impersonate admins or mods on ZKsync’s official channels. They may send DMs asking for users’ private information in order to “participate” in airdrops, or send you a link asking you to connect your wallet and drain your funds. zkSync admins or mods would not DM users first.
Fake accounts tweeting ZKsync airdrop info
There are fake accounts tweeting ZKsync token airdrops. However, there is no official announcement yet. Always check the official channels.
ZKsync 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: ZKsync has completed season 1 of its token airdrop.
Airdropped Token Allocation: In season 1 of the ZKsync airdrop, a total of 3.675 billion $ZK tokens will be airdropped. This is equivalent to 17.5% of the total $ZK token supply.
Airdrop Difficulty: Tasks which allowed you to be eligible for season 1 of the airdrop includes interactions, donations and bridging assets. This would not be difficult for a general crypto trader.
Token Utility: The $ZK token is used for transaction fees, governance and staking.
Token Lockup: There is no lockup period for $ZK tokens which were distributed in the airdrop.
Frequently Asked Questions (FAQs)
How do I participate in the ZKsync Airdrop?
Here’s how to participate in the ZKsync airdrop · Add ZKsync Era Alpha Mainnet on MetaMask. · Bridge Funds to ZKsync Lite and ZKsync Era Mainnet. · Interact with ZKsync Lite and ZKsync Era Mainnet Alpha. · Interact with the ZKsync ecosystem. · Mint NFTs for ZKsync airdrop. · Complete quests on ZKsync’s Crew3. · Join the ZKsync Guild · Bonus: Complete ZKsync Era tasks on RabbitHole.
How do I participate in the ZKsync Airdrop?
ZKsync has not announced details of any potential airdrop yet.
Is there a minimum amount of tokens I can receive from the ZKsync airdrop?
This will depend on the rules of the ZKsync airdrop campaign, which has not been announced.
Which is the best ZKsync ecosystem dApp to interact with for the ZKsync airdrop?
We find SyncSwap to be the best ZKsync ecosystem dApp to interact with to position yourself for the airdrop. This is because SyncSwap refunds you 50-6 0% of your Ethereum gas fees. We’ve managed to do 30 ZKsync transactions on SyncSwap in 10 minutes for only US$3! Check out our SyncSwap ($SYNC) token airdrop guide!
When is the ZKsyncairdrop?
The ZKsync airdrop was on 24th March 2024 at 0:00 UTC when the eligibility and allocations snapshot was taken. Eligible users can claim the airdrop from 24th June 2024 to 3rd January 2025.
Will zkSync do an airdrop?
ZKsync season 1 airdrop is now available for claim until 3rd January 2025.
How do I prepare for a ZKsyncairdrop?
Projects often reward early users. Follow our guide to prepare for a potential airdrop.
Does ZKsync have a token?
ZKsync has a native token known as $ZK. It is used for paying transaction fees on the network, staking and governance.
How do I get season 2 of the ZKsync airdrop?
2 ways to get the potential season 2 of the ZKsync airdrop is to delegate your tokens and to maintain a high time weighted average balance (TWAB).
Injective ($INJ) aims to create a financial system that is truly free and inclusive through decentralization. With the fastest blockchain built for finance and plug-and-play Web3 modules, Injective’s ecosystem is reshaping a broken financial system with dApps that are highly interoperable, scalable, and truly decentralized.
Although Injective is a decentralized platform, it moves away from the stereotype definitions of such platforms to bring a new era of DeFi with better functionality. For example, it provides the liquidity that matches that of CEXs. To understand how it achieves this and more, let’s take a more in-depth look into the platform.
Check out our interview with Co-founder and CEO Eric Chen!
Injective FRENZY: Interview with CEO Eric Chen
Background
Injective was founded in 2018 and incubated by Binance Labs. They are developed by a team with a vast experience in blockchain technology and other closely related technologies. Its Co-founder and CEO, Eric Chen, is a protocol researcher at Investing Capital, while its CTO, Albert Chon, is a software developer at Amazon.
Others include full-stack developers, Solidity developers, and Golang developers. Moreover, the Injective team comprises members experienced in ASIC design and computer science.
Apart from the core team members, Injective is supported by notable names in the industry, such as Binance, Pantera, Jump and Mark Cuban.
What is Injective?
Injective brings the features of centralized exchanges onto DEXs. The network brings speed, security, and liquidity into DEXs unlike most of the top projects at the moment, and thus, aiding DeFi adoption. The system achieves this through a layered design and the employment of various technological advancements.
3 Main Features of Injective
Inter-chain Trading
By interfacing with other blockchain-based networks, Injective can support many trading pairs. Consequently, traders can choose between trading pairs considering their profit margin. Ethereum, INJ, MKR, and DAI are the cryptocurrencies tradable on the Injective platform.
A Combination of DeFi and Derivatives
Injective has its eyes set on the DeFi space. For this reason, it includes features that enable the interaction between DeFi networks and the digital currency derivatives space, which culminates with an innovative trading offering.
Distributed Futures and Margin Trading
This is among the differentiating factors in the Injective ecosystem. It allows traders to trade futures and derivatives while enjoying the fruits of decentralization.
What’s in it for Users?
Through its features, it is evident that the platform is focused on end-users. Among the immediate benefits are security, low entry barrier, flexibility, convenience, speed, trust, and liquidity.
5 Primary Layers of Injective
The 5 primary layers of Injective are interlinked. Below is its technical architecture.
Let’s take a look at each of the layers in detail.
Injective Chain
The Injective chain forms the network’s core and powers decentralized trading. However, instead of being a full chain per se, it is actually a sidechain that is connected to the Ethereum blockchain. Notably, Ethereum is the home of the vast majority of the DeFi platforms.
Moreover, the chain, through a connection to the Cosmos IBC, provides cross-chain functionalities. This layer acts as a derivatives platform and holds the exchange’s distributed order book.
In addition, the Injective chain comprises a system that coordinates the platform’s trades, an execution space for the Ethereum virtual machine (EVM), and a bridge that makes it easier to interact with Ethereum-based tokens on Injective. Note that EVM handles the execution of smart contracts allowing for the creation of decentralized applications (Dapps).
Other features domiciled in the Injective chain include, but are not limited to, DEX contracts, derivatives contracts, 0x V3 exchange contracts, and the staking contract.
Exchange Client
The client allows permissionless participation on the network by supporting an open-source front-end. For ease of use, it has a professionally designed graphical user interface that appeals to both novice and experienced users.
API Provider
Application programming interface (API) providers form a key part of the Injective ecosystem by interacting with transactions and acting as a data layer.
An API node can either provide a transaction relay service or be a data layer. As a transaction relay service, it provides mechanisms for users to interact with the system.
On the other hand, API providers acting as a data layer provide data and analytic capabilities to external users.
EVM RPC Provider
This aspect of Injective deals with the interconnection between Injective and Ethereum.
Ethereum Bridge
The bridge provides an interface for exchanging tokens built using the Ethereum standard (ERC-20). Also, it creates a peg-zone where the exchange takes place.
Injective Token (INJ) and its Use Cases
Injective has a native token called INJ. It has a maximum circulating supply of 100 million tokens. Though only around 15.2 million tokens are in circulation, it is projected to increase due to inflation, which happens at roughly 7%. Luckily, the platform has instituted measures to reduce inflation to around 2% over time.
The token was first made available to the public via Binance Launchpad, the exchange’s Initial Exchange Offering (IEO) platform. INJ is currently listed on Binance and on Uniswap.
INJ Token’s Uses on the Injective Platform
Offering discounts on transaction fees – Traders on the platform are charged less when paying their transaction fees using the network’s native currency.
Rewarding stakers – Since the platform supports staking, rewards to stakers are paid using INJ.
Governance rights – Being a decentralized community-focused platform, governance-related issues are decided by the Injective community. However, to participate, members have to hold INJ.
The more the tokens held, the stronger the voice on the governance table since INJ is required when submitting a proposal and when voting.
Providing passive income – Apart from paying staking rewards in the native token, INJ can be locked in a wallet to attract tips.
Incentivizing market makers – Market makers or liquidity providers are key roles. Therefore, to attract more liquidity, the platform uses its native token to incentivize liquidity providers.
Injective CosmWasm Upgrade
On 5th July 2022, Injective’s Injective CosmWasm Mainnet upgrade has gone live. As a part of this upgrade, Injective will have, among others, the following updates:
Smart contract support with CosmWasm;
Automatic smart contract execution;
Support for negative maker fees; and
Support for binary options markets.
Smart Contract Support with CosmWasm
As a result of the latest upgrade, Injective now supports smart contracts by CosmWasm. The name “CosmWasm” comes from the combination of 2 things- Cosmos, and WebAssembly. CosmWasm is a smart contract platform built for the Cosmos ecosystem, its unique feature is that it allows developers to build multi-chain smart contracts using the InterBlockchain Communication (IBC) Protocol. Furthermore, this update will allow developers to build applications on Injective whilst at the same time making use of the existing core modules provided by Injective. For example, developers can use Injective’s decentralized order book module to create other decentralized apps (dApps) such as exchanges, prediction markets, lending protocols etc.
Automatic Smart Contract Execution
The latest mainnet upgrade also allows smart contracts to be executed automatically at every block. This is unique because generally, smart contracts require an external agent such as a user to manually invoke the contract and trigger the logic associated with the contract. Now, with the CosmWasm platform, smart contracts can be triggered individually and block by block, meaning that developers can create truly decentralized and permissionless applications.
Negative Maker Fees
In cryptocurrency trading, exchanges usually charge trading fees on a maker/taker structure, with maker fees being charged when the user places an order that goes onto the order book (whether fully or partially) i.e. “making” the market or providing liquidity.
Injective charging negative maker fees mean that instead of users paying, users will receive a percentage of their trade as a rebate. The community will be invited to submit governance proposals for which trading markets they would like to implement negative maker fees, so the decision is left in the community’s hands.
The overall benefit to the Injective community would be that it would encourage more users, thereby increasing liquidity for more orders and trading options.
Binary Options Support
Binary options are a type of financial contract, where there are 2 options based upon the outcome of an underlying asset or question. And when the correct answer occurs, there will be a payoff. Having binary options support on Injective means that new and diverse types of apps can be built on the platform, for example, those involving prediction markets.
What is the Injective Volan upgrade?
Injective’s Volan upgrade is expected to be the largest mainnet update in the project’s history. The Volan upgrade comes as the result of months of research and development and will involve a hard fork of the Injective network. Here are some key features that will be introduced in the Volan upgrade:
Sub-second block times: Injective will achieve near-instant finality with sub-second block times, enabling fast and seamless transactions for users and developers. This will also reduce the risk of front-running and MEV attacks, which are prevalent on other blockchains.
IBC integration: Injective will become fully interoperable with the Cosmos ecosystem and other IBC-enabled chains, allowing users to transfer assets and data across different networks. This will open up new possibilities for cross-chain composability and innovation, as well as access to a vast pool of liquidity and users.
CosmWasm and EVM smart contracts:Injective will support CosmWasm, a smart contract framework for the Cosmos ecosystem that allows developers to write smart contracts in any programming language that compiles to WebAssembly. Injective will also maintain its compatibility with the Ethereum Virtual Machine (EVM), allowing developers to deploy existing Ethereum smart contracts on Injective with minimal changes. This will enable developers to create diverse and complex applications on Injective, such as decentralized exchanges, lending protocols, prediction markets, NFT platforms, and more.
When is the Injective Volan upgrade?
The Volan upgrade will take place at block height of 57,076,000, or approximately 2:00pm on 11th January 2024 (UTC). Some exchanges such as Binance will temporarily suspend deposits and withdrawals of tokens on the Injective network from 1:00pm on 11th January 2024 (UTC) to support the network upgrade.
Injective ecosystem token airdrop?
Injective is doing an airdrop for the Injective ecosystem. Here are 3 ways you can position yourself for a potential Injective token airdrop:
Staking on Injective validators: We suggest participants mostly focus on this item since staking on Injective validators may qualify you for other token airdrops.
Mainnet interactions: You can position yourself for a potential airdrop and earn yields by depositing $INJ or other cryptocurrencies into the Black Panther vaults. Another option is to trade Injectives NFTs Talis Protocol, which is also very popular amongst users as they have also announced an airdrop. You can also trade or provide liquidity on Helix, which is a decentralized exchange and they are also doing an ongoing airdrop.
Testnet interactions: Some protocols on the Injective ecosystem offer incentivized testnets which allow you to position yourself for airdrops without putting in any actual cryptocurrencies or funds. These include Ninja Blaze and Aeroscraper.
By providing the required liquidity to power an active trading experience on a decentralized platform, Injective can siphon users from CEXs to DEXs. Consequently, cryptocurrency users and traders are hedged away from potential risks.
In addition, enabling cross-chain interaction opens the platform to DeFi enthusiasts. Additionally, providing support for ERC-20 tokens increases interaction with DeFi tokens and protocols.
Decentralised Finance (DeFi) series: tutorials, guides and more
With content for both beginners and more advanced users, check out our YouTube DeFi series containing tutorials on the ESSENTIAL TOOLS you need for trading in the DeFi space e.g. MetaMask and Uniswap. As well as a deep dive into popular DeFi topics such as decentralized exchanges, borrowing-lending platforms and NFT marketplaces
More videos and articles are coming soon as part of our DeFi series, so be sure to SUBSCRIBE to our Youtube channel so you can be notified as soon as they come out!
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
Polygon recently launched its own zkEVM mainnet, and co-founder Sandeep Nailwal hinted on Twitter that there could be a MATIC airdrop for users! In this article, we will briefly explain what Polygon zkEVM is and what you can do to position for a potential airdrop.
Polygon zkEVM Airdrop Step-by-Step Guide
Here’s how to get the Polygon zkEVM Airdrop:
Add Polygon zkEVM to MetaMask
Bridge to Polygon zkEVM
Interact with Polygon zkEVM DApps
BONUS: trade on Satori Finance
DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs
Polygon zkEVM is a Layer-2 scaling solution for Ethereum that leverages the scaling power of zero-knowledge proofs while maintaining Ethereum compatibility, similar to zkSync and Linea. Developers and users on Polygon zkEVM can use the same code, tooling, and apps that they use on Ethereum, but with much higher throughput and lower fees. This allows Ethereum-based DApps to scale more efficiently, which is critical for mass adoption of DeFi.
What’s the Difference Between Polygon zkEVM and Polygon?
The original Polygon functions as a sidechain that runs parallel to the Ethereum mainnet, whereas Polygon zkEVM uses a ZK-Rollup architecture that is built on top of Ethereum. The key distinction is that Polygon is EVM compatible but Polygon zkEVM has total EVM equivalence. The latter is focused on being a near-perfect replica of Ethereum’s execution environment, which means it uses ETH instead of MATIC for gas fees.
Is There an Airdrop for Polygon zkEVM?
Yes, it is very likely there will be an airdrop for Polygon zkEVM users. Sandeep Nailwal, co-founder of Polygon, strongly hinted on Twitter that there will be a huge MATIC airdrop for zkEVM users. He also compared the current development of Polygon zkEVM to Arbitrum, which took more than a year to mature. This means that we are currently at the early stage, allowing users plenty of time to perform on-chain activities that would qualify them for the airdrop!
How to Get the Polygon zkEVM Airdrop?
The best way to get the MATIC airdrop is to interact with the Polygon zkEVM mainnet. Here’s a step-by-step guide:
Add Polygon zkEVM to MetaMask
Go to ChainList and add Polygon zkEVM to MetaMask. It is launched on Mainnet Beta, which means you will need ETH for gas fees.
Bridge to Polygon zkEVM
If you have funds on the Ethereum network, you can bridge ETH from Ethereum to Polygon zkEVM via the Native Bridge.
Alternatively, if you have funds on Arbitrum and/or gas fees are too high, you can also use other third-party bridges recommended by Polygon, such as Orbiter Finance. Using Orbiter Finance, in particular, refunds 60% to 70% gas fees back to you.
Interact with Polygon zkEVM DApps
Here are the top DApps in Polygon zkEVM ranked by total value locked (TVL). Try to perform transactions consistently every week as frequency of smart contract interaction is an important criterion to qualify for the airdrop:
Here’s how to interact with Quickswap. First, connect your wallet to Quickswap Exchange. Make sure you have switched the network on Polygon zkEVM. Then, go to the Swap section and (1) Swap ETH for USDC; and (2) Swap the same amount of ETH for WETH. Afterwards, go to their Pool, select ETH and USDC tokens as the token pair, approve the tokens and add liquidity.
Interact with Kokonut Swap.
Here’s how to interact with Kokonut Swap. First, connect your wallet to Kokonut Swap. Make sure you have switched the network on Polygon zkEVM. Then, go to their Swap page and swap ETH to USDC.
Interact with Dove Swap
Here’s how to interact with Dove Swap. Connect your wallet to Dove Swap and make sure you are on the Polygon zkEVM network. Then, swap ETH for USDT.
Interact with Mantis Swap.
Interact with Mantis Swap by going to their website. Then, connect your wallet and make sure you are on the zkEVM network. Finally, swap USDC to USDT.
Interact with 0vix
To interact with 0vix, connect your wallet to their website and make sure you are on the Polygon zkEVM network. On the Supply Markets, supply a small amount of ETH and click “Supply”.
BONUS: Trade on Satori Finance
Satori Finance is a protocol on Polygon zkEVM (as well as zkSync, Linea and Scroll). To trade on Satori Finance, connect your wallet to https://satori.finance/, making sure that you are on the Polygon network. Then, go to “Portfolio” and deposit some trades. Next, go to the “Trade” tab and do some trades.
DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs
Connect your wallet to the Quest Page and complete the tasks to get a free NFT. Tasks include signing messages, following social accounts and posting Tweets. Finally, click “Get your NFTs” and follow the instructions on your wallet to mint your free NFT. Note you will need to pay gas fees in ETH
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: Although not confirmed, it is very likely there will be a MATIC airdrop for Polygon zkEVM users, according to Sandeep Nailwal.
Airdropped Token Allocation: There is no confirmation on the token allocation, but Nailwal said that it would be a “massive” airdrop.
Airdrop Difficulty: Simply bridge to Polygon zkEVM and interact with QuickSwap and other high TVL DEXes. You will need real ETH to perform these tasks.
Token Utility: MATIC is the native token of the Polygon blockchain. Although Polygon zkEVM uses ETH for gas fees, it is likely MATIC will be airdropped as rewards.
Arbitrum will airdrop over 1 billion $ARB tokens to its protocol users on March 23, 2023. The snapshot was taken in February, and at least three criteria must be met to qualify for the airdrop. Find out if you’re eligible and how to claim your Arbitrum token airdrop below.
Arbitrum is a layer-2 scaling solution designed to lower network congestion and transaction costs of Ethereum by offloading tons of computation and data storage from the main chain. It does this via the use of optimistic rollup — transactions on Ethereum are bundled up and transferred to a proprietary sidechain on Arbitrum (a secondary blockchain connected to the main chain). The transactions are then processed and sent back to the main chain after validation.
The optimistic rollup is the core element of Arbitrum. For those who do not know what an optimistic rollup is, we got you covered with a simple explanation.
Optimistic rollups assume all transactions as valid, hence an “optimistic” outlook. There is a time period during which users can dispute any suspicious transactions contained in a bundle. If a fraudulent transaction is detected, a fraud proof is executed which basically runs the correct transaction computation using the data on the main chain.
Since optimistic rollups do not perform any computation by default, it offers massive improvements in scalability. On the downside, potential fraud challenges of optimistic rollups could lead to delays in transactions, since progress comes to a halt until it the dispute is resolved.
Arbitrum’s Version of Optimistic Rollup
To provide context, optimistic rollups are compatible with the Ethereum Virtual Machine (EVM) and Solidity, which allow developers to port Ethereum-native smart contracts to rollups or even use existing tooling to create new decentralized applications (DApp). But for Arbitrum, it has its own virtual machine called Arbitrum Virtual Machine (AVM).
Arbitrum’s AVM greatly improves optimistic rollups because it stores very little data on-chain for optimal scalability. Moreover, to address potential delays due to fraud challenges, the AVM uses pipelining to process multiple disputes, while verification nodes help speed up the process.
This is called multi-round fraud proofs. Arbitrum uses a fine-combing approach to verify fraud proofs. It focuses on a particular point of disagreement over transaction history. Additionally, layer-2 transactions are not entirely executed on the main chain, rendering gas block limits irrelevant. As a result, this translates to higher network performance.
Who is the Team behind Arbitrum?
Arbitrum is developed by Offchain Labs, a New York-based startup committed to building innovative Ethereum scaling solutions. The company originated from the computer science research department of Princeton University, co-founded in 2018 by Harry Kalodner, Steven Goldfeder, and Ed Felten.
Arbitrum’s layer-2 network allows developers to build and deploy highly scalable smart contracts at low cost, while benefitting from Ethereum’s robust layer-one security. Since its launch last year, the Arbitrum ecosystem has greatly expanded, ranking 6th in all chains total value locked with 129 integrated protocols.
Some of the top decentralized finance (DeFi) protocols include Uniswap, Curve, Aave, Balancer, and SushiSwap. Additionally, Arbitrum is not without its native protocols built on the blockchain which include GMX, Radiant, Dopex, and Vesta Finance.
$ARB Token
$ARB will solely function as a governance tool for the Arbitrum protocol, unlike ETH which is used to pay fees on both Ethereum and Arbitrum. The governance process of Arbitrum DAO will be autonomous, allowing votes to directly modify the core code of Arbitrum.
The total supply will be 10 billion, with the Arbitrum community controlling 56%. The airdrop will distribute 12.75% (i.e. 1.275 billion $ARB) to eligible users on 23rd March 2023. The rest of the community tokens will be allocated to a treasury governed by the Arbitrum DAO, allowing ARB holders to vote on fund disbursement.
The remaining 44% will be given to Offchain Labs’ investors and employees, who developed Arbitrum. These tokens will be subject to lock-up periods and vesting schedules. Notably, the proportion of ARB reserved for insiders is higher compared to similar projects, such as Optimism, which allocated 36% of its OP tokens to investors and core contributors.
$ARB Airdrop Eligibility: How to claim Arbitrum $ARB token airdrop
According to Nansen, 625,143 wallet addresses are eligible for the Arbiturm $ARB token airdrop. You can check on arbitrum.foundation to see if you are eligible. If you are eligible, Arbitrum will directly airdrop to your wallet on 23rd March 2023. There are 6 airdrop criteria, and at least 3 must be met based on a snapshot taken on 6th February 2023 in order to qualify for the airdrop:
Bridge to Arbitrum
Bridged assets into Arbitrum One or Arbitrum Nova.
Transactions Over Time
Conduct transactions at least 2 months prior to the snapshot taken in February. The longer the timeframe, the more tokens you will receive.
Transaction Frequency and Interaction
Conduct more than 4 transactions or interact with more than 4 smart contracts. The higher the number, the more tokens you will receive.
Transaction Value
Conduct transactions with more than $10,000 in aggregate value. The higher the value, the more tokens you will receive.
Assets Bridged to Arbitrum One
Deposit more than $10,000 worth of assets to Arbitrum One. The more assets you deposit, the more tokens you will receive.
Activity on Arbitrum Nova
Conduct more than 3 transactions on Arbitrum Nova. The more transactions are carried out, the more tokens you will receive.
How to claim Arbitrum ($ARB) token faster?
Arbitrum has confirmed its airdrop can be claimed on 23rd March 2023 when the Ethereum chain reaches block 16890400. It is very likely that the Arbitrum network will be very congested during that time as users are anxiously waiting to get their tokens to potentially trade on exchanges. However, there are ways to be faster at the Arbitrum airdrop claim, and how to buy, sell or trade your $ARB before anyone else. Note however this carries risks. You may risk ending up being slower than others, lose your gas fees and even your $ARB, so proceed with caution. Here’s how you can potentially claim your $ARB tokens faster and buy, sell, or trade your $ARB before others:
Make your own RPC endpoint on Alchemy.
Pre-approve the token contract.
Have sufficient ETH ready.
Know where to trade $ARB.
Make your own RPC endpoint on Alchemy
Here’s how to make your own RPC endpoint on Alchemy:
Create an app for Arbitrum. Make sure you select “Arbitrum” under “Chain”.
Click “View Key” on the main page. There, you will get an RPC https URL.
Add a network on MetaMask. Go to “Settings”, “Networks”, “Add network” and “Add network manually”. Under “New RPC URL”, enter the RPC https URL from Alchemy. Then under “Chain ID” enter 42161, “ETH” as the Currency Symbol, and “https://arbiscan.io” under Block Explorer.
Pre-approve the token contract
To be even faster than everyone else in claiming $ARB, you can pre-approve the Arbitrum token contract on protocols such as 1inch and Uniswap. To do this, go to the $ARB smart contract and click “Write as Proxy”. Then, connect your wallet. Under spender, fill in the address for either Uniswap or 1inch. Finally, fill in the number of $ARB you want to trade with that smart contract. For example, filling in 20000000000000000000000 will mean you are approving 20,000 $ARB to be traded.
Have sufficient ETH ready
This is to pay for gas fees when trading $ARB. Note you will have to bridge your ETH to Arbitrum.
Know where to trade $ARB
These exchanges have confirmed they will offer trading for $ARB:
Will there be another Arbitrum $ARB token airdrop?
Arbitrum’s latest Tweet announces a return of the Arbitrum Odessey. The Arbitrum Odessey was a 7 week journey filled with tasks to complete in order to obtain badges. These badges are NFTs which may lead to future rewards.
The upcoming round of Arbitrum Odyssey will begin on 26th September at 12:00pm EDT.
Arbitrum Odyssey: How to guide
The Arbitrum Odyssey is a new round of activites involving the Arbitrum ecosystem and a chance to collect custom badges starting on 26th September at 12:00pm EDT. There is speculation that participating in this 7-week journey may result in a potential airdrop as a reward. Here’s our ultimate how to guide to completing the tasks on the Arbitrum Odyssey.
Week 1- Enter the Odyssey
Go to the Arbitrum Galxe Page and complete any of the following tasks in their list. Then, mint your Enter The Odyssey NFT.
Week 2- Signs of Life
Here’s our how to guide for completing the tasks on week 2 of the Abritrum Odyssey
Complete tasks on Tofu NFT Galxe page. This includes following their Twitter and selling/buying an NFT on their platform.
To sell/buy an NFT on Tofu NFT, go to https://tofunft.com/arbi and connect your wallet. Scroll down to “Discover” and apply the following search filters: Type- Fixed price, Sort- Price: Low to High. Buy the cheapest NFT or list some NFTs for sale.
Mint your Signs of Life NFT.
Complete Pulsar in the Distance task on Galxe. Connect your wallet to Abroad Exchange. Deposit funds by clicking on the top right-hand corner and “Deposit”. Then, make a perpetual trade on Abroad Exchange. Be careful when trading because you may be at risk of liquidation, and you will be using real funds! Mint your Pulsar in the Distance NFT.
Week 3- Pulsar in the Distance
Here’s our how to guide for completing the tasks on week 3 of the Abritrum Odyssey
Go to Abroad Exchange and deposit funds on the exchange. Then, make a perpetual trade. Note that you will be using actual funds for this. Finally, return to their Galxe page and mint your NFT.
Arbitrum 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: Arbitrum will airdrop $ARB to eligible users on 23rd March 2023.
Airdropped Token Allocation: 1.275 billion $ARB (12.75% of the total token supply) will be distributed in this airdrop.
Airdrop Difficulty: The criteria listed are fairly easy to complete.
Token Utility: The token will solely function as a governance tool for the Arbitrum protocol.
Token Lockup: 44% of the tokens allocated to the team and investors are subject to a 4-year lockup.
Frequently Asked Questions (FAQs)
What is Arbitrum?
Arbitrum is a layer-2 scaling solution. It aims to reduce Ethereum’s network congestion and transaction costs. Arbitrum does this by offloading computation and data storage from the main chain.
When is the Arbitrum token launch?
The Arbitrum token was launched on 23rd March 2023.
How do I claim Arbitrum ($ARB) tokens?
Arbitrum will airdrop $ARB tokens directly to your eligible wallet address via MetaMask, Trust Wallet, Coinbase Wallet, Brave or Ledger.
How to be eligible for the Arbitrum ($ARB) airdrop?
There are 6 airdrop criteria, and you must meet at least 3 to qualify for the airdrop: (1) bridged to Arbitrum One or Arbitrum Nova, (2) conduct transactions at least two months before the snapshot in February, (3) conduct at least 4 transactions or interact with at least 4 smart contracts, (4) conduct transactions with at least $10,000 in aggregate value, (5) deposit at least $10,000 on Arbitrum One, (6) conduct at least 3 transactions on Arbitrum Nova.
How do I check if I am eligible for the Arbitrum ($ARB) airdrop?
To check your eligibility, go to arbitrum.foundation and connect your wallet. Then click “Check eligibility”.
When can I claim the Arbitrum $ARB token airdrop?
the $ARB token airdrop can be claimed on 23rd March 2023 when the Ethereum chain reaches block 16890400
What is the fastest way to claim the Arbitrum $ARB token airdrop?
Here’s how you can potentially claim your $ARB tokens faster and buy, sell, or trade your $ARB before others: 1. Make your own RPC endpoint on Alchemy. 2. Pre-approve the contract. 3. Have sufficient ETH ready. 4. Know where to trade $ARB.
Note however this carries risks. You may risk ending up being slower than others, lose your gas fees and even your $ARB, so proceed with caution.
Where can I buy Arbitrum token?
You can buy, sell or trade the Arbitrum token on following cryptocurrency exchanges: ByBit (Sign up here!), Binance, Bitfinex, Kucoin, OKX, Bitmart, Bitfinex, Huobi, Bitget, Bitrue, Gate.io, MEXC.
What is the Arbitrum token price?
As of 24th March 2023, Arbitrum token price is US$1.40. Its all-time high price was US$8.67, and an all-time low of US$1.11.
What is the Arbitrum token contract?
The Arbitrum token contract is: 0x912ce59144191c1204e64559fe8253a0e49e6548
The increasing popularity and adoption of cryptocurrency has expanded the wallet market. Now that many well-known traditional and crypto brands accept crypto as a payment option, enthusiasts are constantly on the lookout for safer ways to store their digital assets.
Ledger is one of the most popular hardware crypto wallets in the sector. Since releasing the Nano S in 2016, Ledger has become a household name in the cryptocurrency space. To date, Ledger has launched three models of hardware crypto wallets, the Nano S, Nano X, and most recently, the Nano S Plus. The Ledger Nano S Plus retails for USD$79.
The Nano S Plus is Ledger’s third release from its Nano series, a line of pocket-sized hardware crypto wallets. Ledger’s Nano S Plus has all of the features of the original Nano S but with a few upgrades, including support for NFT storage and management. Additionally, the Nano S Plus has built-in support for interacting with various DeFi (decentralized finance) apps and services. (thetelegramnews.com) The wallet is an effective option for people looking to manage crypto, NFTs, and other decentralized services in one place.
New features of the Ledger Nano S Plus
Ledger introduced the Nano S Plus with an exciting list of features and improvements over the two previous releases. Some of the major new features on the Nano S Plus include:
Bigger display. Same display size of the Nano X but on a smaller device!
Expanded cryptoasset support. The Nano S Plus doesn’t just hold cryptocurrencies, but also NFTs and is the first Ledger device to have DeFi app integration.
Industry-leading security. The Nano S Plus uses the same industry-leading security with CC EAL5+ certification.
Easy setup. USB plug-and-play feature means owners can begin using the device in minutes.
Low cost. The Nano S Plus comes at an affordable price of US$79, making it an attractive option for all levels of crypto traders.
Security features: is the Nano S Plus safe?
The Nano S Plus uses the same certified secure chip (CC EAL5+ chips) as the Nano X to protect users’ assets. This chip employs state-of-the-art technology that guarantees high-level security and asset protection against phishing and other asset extraction schemes. Additionally, the wallet has industry-standard security features, including a security phrase, PIN code locks, transaction confirmations, password encryption, and more.
To learn more about the security features of the Nano S Plus and Nano X, click here.
5/5 Security Rating
Cryptoasset support
A major Nano S Plus feature is the huge roster of supported crypto assets and apps. The Nano S Plus supports over 5,500 assets and can accommodate up to 100 different apps. Some supported assets include:
Bitcoin (BTC)
Ethereum (ETH)
ERC-20 tokens
Dogecoin (DOGE)
XRP
BNB
Cardano (ADA)
Polygon (MATIC)
Litecoin (LTC)
Tron (TRX)
The Nano S Plus has 1.5MB of storage and with that can run over 100 apps simultaneously. On Ledger devices, an “app” refers to the app required to be installed to access a cryptocurrency on the device e.g. in order to access your BTC on the device you need to install the app on the Ledger first. Meaning that, unlike the Nano S which can only run 3 apps simultaneously, users are not required to delete apps in order to access other cryptocurrencies which do not have the apps already installed.
But what is truly unique about the Nano S Plus is that it is the first Ledger device to offer NFT support. Users of the Nano S Plus can securely hold, send, and receive NFTs via the Ledger Live app. Ledger has made this process user-friendly, as owners can authenticate transactions right from the wallet’s interface.
Users of the Nano S Plus can also access several DeFi applications through the Ledger Live user interface. Anyone can securely buy, exchange, lend or stake crypto assets.
The NFT support and DeFi app access give the Nano S Plus an even bigger boost in features compared to the Nano S and for that reason, we rank this category even higher than the Nano X.
4.8/5 cryptoasset support
Hardware design
Similar to the Nano S, the Nano S Plus also has two hardware buttons located on the top of the device.
The Nano S Plus has a much larger screen than its predecessor, which makes usage very easy. Same as the Nano X, the 128 x 64-pixel screen makes operating the device simple and helps users navigate the product’s features. The main benefit of the larger screen is that users can see the entire wallet address clearly displayed as one line on the screen. The screen also blends well into the rest of the device, adding to the Nano S Plus’ aesthetic appeal. And whilst the screen size on the Nano S Plus is the same as the Nano X, the Nano S Plus is a much smaller device overall.
The Ledger Nano S Plus’ measurements are smaller than the Nano X at 62.39 x 17.40 x 8.24 mm, and weighs in at only 21g. The wallet is about the size and weight of an average USB flash drive and is easy to carry around.
4.5/5 for hardware design
4.5/5 for ease of use
What’s in the Ledger Nano S Plus Box?
The Nano S Plus wallet comes with the following inside the box:
The Ledger Nano S Plus hardware
A Type-C USB cable to connect the Ledger to a computer
An orange box with three notepads for the Secret Recovery Phrase
A purple box with the manual instructions
A key-holder chain with a Ledger logo
Final Verdict
The Ledger Nano S Plus is a great option for enthusiasts looking for a secure, reliable, and easy-to-use hardware wallet. It offers the same features as the original Ledger Nano S and adds a lot more. Furthermore, users looking to upgrade from the older Ledger Nano S can quickly move their assets to the newer S Plus.
The Ledger Nano S Plus is one of the best hardware wallet options on the market for crypto and NFT enthusiasts who currently own or plan to purchase NFTs or get involved with any DeFi project.
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:
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:
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).
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.
Claim Testnet $L1 Tokens on MetaMask
On the Faucet page, paste your MetaMask address and request 2 L1.
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.
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!
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.
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:
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:
All Prime blocks must contain a Region and Zone block.
All Region blocks must contain a Zone block.
Zone blocks can be mined asynchronously without being included in a Prime or Region coincident block.
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. $QUAI will be used to ensure network security and as an exchange of value in the ecosystem. Their token supply is hard-capped but its total number is not yet determined. According to their tokenomics, 25% is distributed as “adoption incentives”, 3% for “community” and 0.5% for “testnet incentives.” This means token airdrop opportunities for early users of Quai Network!
How to Receive Quai Network ($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.
Liking and retweeting Quai Network’s Tweets that are less than seven days old (limited to twice a day).
Make a Tweet mentioning Quai Network. Original and insightful Tweets that are liked or replied by Quai Network will grant you additional rewards.
Reddit
Make a unique post in their channel (limited to twice a day).
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
In the past year, layer 1 (L1) blockchains have exploded, facilitating ecosystem pumps throughout the market. L1s have become a viable alternative blockchain to Ethereum, the OG. They offer better scalability, lower fees, native DApps, risky meme tokens, massive APYs and more.
As smart investors, we know that when an ecosystem is performing well, its underlying token is a great opportunity to make substantial profits. And with the Solana and Nomad hack happening recently, other L1s have become increasingly popular as investors are looking for a more secure and innovative blockchain.
Aptos and Sui are among the most discussed L1s recently, with many venture capitals (VC) expressing investment interest in them.
Both show a lot of promise to blockchain veterans as these web3 startups are formed by ex-Meta (formerly Facebook) blockchain developers as well as their infrastructure being based on Meta’s abandoned blockchain intiative, Diem.
However, both teams have vastly different approaches to tackling the issue of blockchain scalability. In this article, we will compare and contrast Aptos and Sui, and consider which L1 blockchain you should be more bullish on.
What is Aptos?
Aptos is co-founded by Mo Shaikh (CEO) and Avery Ching (CTO), both former Meta employees who have years of experience as a senior developer and engineer in the blockchain industry.
The team behind Aptos, also known as Aptos Labs, consists of an impressive group of PhDs, researchers, engineers, designers and strategists. Moreover, the team at Aptos has been aggresively expanding. They recently acquired several former Solana staff, most notably Austin Virts, former Head of Marketing at Solana.
Aptos utilizes key elements of the former Diem blockchain as well as Move, a Rust-based programming language independently developed by Meta. Aptos claims the network will be able to process over 130k transactions per second using its parallel execution engine (Block-STM), which will mean lower transaction costs for users.
Sui is co-founded by Evan Cheng (CEO), Sam Blackshear (CTO), Adeniyi Abiodun (CPO), and George Danezis (Chief Scientist). They were former senior leaders of Meta’s advanced blockchain research and development organization.
They were responsible for creating some of the most advanced open source components such as the programming language, execution engine and cryptography of the Diem blockchain.
Sui is a decentralized, permissionless L1 blockchain designed to allow creators and developers to build experiences for web3 users. Similar to Aptos, its proof-of-stake network will scale horizontally and organise data such that transactions are executed in parallel. This greatly reduces computational power and transaction costs.
Although both Aptos and Sui use Move as their programming language, their versions differ from each other, as such that their infrastructure operates distinctively on a fundamental level.
Both Aptos and Sui use Move, a Rust-based programming language, for parallel execution, but Sui uses has a different version of it.
In short, Move is an executable bytecode language used to create smart contracts as well as custom transactions on the blockchain. According to Diem’s whitepaper on Move, it focuses on two major digital assets: scarcity and access control. Scarcity imposes limitations on asset creations, preventing any double-spending, while access control manages ownership and privileges.
It differs from other programming language like Solidity because of its use of resources, which is drawn from the mathematical concept of linear logic. In linear logic, formulas are treated as fundamental resources that can only be used once. In the case of Move, “a resource can never be copied or implicitly discarded, only moved between program storage locations“, hence their name “Move”. This mechanism was designed to maximize security without adding complications to transactions, reducing gas fees.
Aptos generally follows the textbook design of Diem’s whitepaper. On the other hand, Sui has a slightly different object model from Aptos. Its storage system is object-centric, which means that you can see most things on the blockchain, including addresses and transactions. These are represented as “objects.”
Though both Aptos and Sui use proof-of-stake as their consensus mechanism, the consensus algorithm behind it is different.
Aptos employs parallelization by dynamically detecting dependencies and scheduling execution tasks using BlockSTM, which is a derivative of the HotStuff consensus protocol.
Sui implements Narwhal and Tusk as their consensus algorithm, which is a DAG-based (directed acyclic graph) mempool used for parallelization at the execution layer. The protocol is asynchronous which means it can withstand DoS (denial of service) attacks.
In terms of security, Sui has a slight edge over Aptos.
Scalability
Instead of home validator case or large-scale decentralization, both Aptos and Sui aim to optimize scalability by maximizing network capacity, similar to Solana. However, the bottleneck would most likely be state growth in the ecosystem.
To address the state growth bottleneck, Aptos prioritizes heterogeneous validators (constrained CPU and storage), whereas Sui plans to shard data storage efficiently, and scale its resources horizontally.
Tokenomics
There are five major components of the Sui economic model:
SUI token: SUI is the native coin of Sui. Gas fees: all network operations on the platform require gas fees. Gas fees are rewarded to participants in the proof-of-stake mechanism. It can also be used to prevent spam and denial-of-service attacks. Storage fund: In order to compensate future validators for the storage expenses of previously stored on-chain data, Sui’s storage fund is used to distribute stake rewards over time. Proof-of-stake mechanism: Used to select, incentivize and reward platform operators i.e. the validators and SUI delegators. On-chain voting: for voting and deciding on governance and protocol upgrades.
On the other hand, Aptos has no coin yet and its whitepaper has yet to be published. However, Aptos has launched their testnet in March and its developer community has been very active. For more information on their testnet development, you can read our previous article here.
Funding
Aptos Labs has raised $350 million in total from FTX Ventures, Jump Crypto, a16z, Tiger Global, Multicoin Capital, among many other capital ventures. Currently, Aptos Labs has 28 investors.
Sui is fast catching up after its latest Series B funding round in September 2022. Mysten Labs, the company behind Sui closed a US$300 million fundraise in this round. This brings Sui to a combined raise of US$36 million so far, after adding up the $36 million from Series A. Sui also states that they are currently valued at over US$2 billion.
Development Status
Aptos launched its Mainnet in October 2022 and developers can now build on Aptos. They are also currently working on improving the gas schedule in 3 parts. In the short term, to have dynamic NFT gas reduction. Then, in the medium term, to have gas-efficient data structures. Finally, the long-term plan is to adopt demand-driven gas costs.
Sui has recently finished their Sui Testnet Wave 2. Their Sui wallet is also up and running, albeit in the Devenet stage. Nevertheless, you can install the Sui wallet and request Devnet SUI tokens to try out the wallet. The Sui wallet currently has features such as sending, staking, and minting their Capy NFTs. Users can also register their domain name on Sui Name Service. (https://casadelninobilingual.com/)
Conclusion
It is still too early to say which one you should be more bullish on. Both projects have been developing rapidly and have done an excellent job of optimizing its current design. But whatever the case is, Move technology is most likely here to stay as it shows a lot of promise in blockchain scalability and security.
Frequently Asked Questions (FAQs)
Is Aptos blockchain the same or related to Sui blockchain?
No, Aptos and Sui and completely different and unrelated projects. The only connection between the two projects is that both teams have previously worked in blockchain development at Meta (formerly Facebook).
Is Aptos blockchain better than Sui blockchain?
It is still too early to say which one you should be more bullish on. Both projects have been developing rapidly and have done an excellent job of optimizing its current design. But whatever the case is, Move technology is most likely here to stay as it shows a lot of promise in blockchain scalability and security.
Is Sui blockchain better than Aptos blockchain?
It is still too early to say which one you should be more bullish on. Both projects have been developing rapidly and have done an excellent job of optimizing its current design. But whatever the case is, Move technology is most likely here to stay as it shows a lot of promise in blockchain scalability and security.
What are the similarities between Aptos and Sui blockchain?
Both Aptos and Sui use Move, a Rust-based programming language, for parallel execution on the blockchain, but Sui has a slightly version of it than Aptos.
What are the differences between Aptos and Sui blockchain?
Sui’s version of Move programming language makes it clear when an object is owned, shared, mutable or immutable, whereas Aptos does not. And although both blockchains use proof-of-stake as their consensus mechanism, the consensus algorithm behind it is different. Aptos uses BlockSTM for parallel executions, which is a derivative of HotStuff protocol, whereas Sui uses Narwhal and Tusk, a DAG-based mempool used for parallelization at the execution layer.
Aptos, a repurposed blockchain initiative of Meta’s abandoned web3 project (formerly Facebook). Its mainnet and token launch were hugely anticipated owing to its revolutionary infrastructure that might just surpass all other layer-one protocols. All you need to know about Aptos is in this article, made simple to understand and updated in real time.
Aptos also known as Aptos Labs is a web3 startup focused on building a scalable layer-1 blockchain. I know what you’re thinking, not another new smart-contract layer claiming to be more scalable than the others.
But Aptos is not a new entity of its own, in fact, the company was founded by developers who formerly worked on Diem, Meta’s blockchain initiative that was abandoned in January. This means that the project already has a solid foundation to build its products off of.
Key Features of Aptos Blockchain
Aptos utilizes key elements of the former Diem blockchain and Move, a Rust-based programming language independently developed by Meta. The company also claims the network will be able to process over 130k transactions per second using its parallel execution engine (Block-STM), which results in low transaction costs for users.
For context, most blockchains either execute smart contracts sequentially or require a massive parallel workload for improved performance, which requires a lot of power. Aptos differs from other blockchains because a single failed transaction will not hold up the entire chain. Instead, all transactions are processed simultaneously and validated afterwards. The ones that failed are aborted and re-executed, thanks to their STM (software transactional memory) libraries which detect and manage conflicts.
As a result, the combination of these technologies streamlines the entire network’s throughput capacity, which has been a major bottleneck for other layer-1 blockchains. This is a short summary of Aptos’ smart contract execution according to their white paperpublished in August 2022. Their model is based on cloud infrastructure as a scalable and cost-efficient platform for building widely-used applications.
Aptos enables DeFi projects to be built on its blockchain. So far, there are over 30 DeFi projects on the ecosystem. These projects include decentralized exchanges, lending protocols, and liquid staking. An example of this is Aries Markets– a margin trading protocol.
Who is the Team behind Aptos?
Aptos is co-founded by Mo Shaikh (CEO) and Avery Ching (CTO), both former Meta employees who have years of experience as a senior developer and engineer in the blockchain industry.
Aptos has been securing a sizeable amount of funding from numerous crypto heavyweights despite the bear market. In March 2022, the company received $200 million in funding from a16z, Tiger Global, and Multicoin Capital, among many other venture capitalists.
Not only Solana staff but a lot of hardcore Solana proponents have jumped ship for Aptos as well. With the narrative of Aptos being the next Solana, people are speculating whether investors actually believe in their tech long-term, or it is simply a pump and dump for venture capital firms (VC) and whales to make back their money due to the series of liquidation across the market. VC-heavy projects should be considered a red flag, but in the case of Aptos, there is more than meets the eye.
Aptos Testnet
Aptos has been focusing on driving the growth of their ecosystem. Since May, Aptos has launched their testnet campaign named “Aptos Incentivized Testnet” (AIT) and is divided into four stages according to their roadmap: AIT1, AIT2, AIT3 and AIT4. The goal is to invite and reward node operators, developers, ecosystem builders, and auditors alike to deploy applications and stress-test the decentralized network, ensuring the community is ready to launch a production-grade Aptos mainnet. Each stage focuses on executing different deliverables that contribute to the overall function of the blockchain.
AIT3 concluded on 9th September 2022, preparing for the final testnet which will lead to the mainnet launch if successful. Throughout the series of testnets, millions of transactions have been carried out, tens of thousands of nodes have been put up, and more than 1,500 have forked the Aptos-core repository. The codebase is open-source and the project has onboarded well over 100 projects. Teams such as Pontem Network, Protagonist, PayMagic, MartianDAO, Solrise Finance and more have already been building and testing on the network.
Furthermore, Aptos also has a grant program to offer project teams and individuals non-dilutive funding in order to further develop the ecosystem. One thing is certain that the earliest projects to develop on a blockchain are the ones that tend to moon if the blockchain is successful.
Aptos Mainnet Launch
Aptos Labs officially launched its mainnet “Aptos Autumn” on 12th October 2022, making it the first blockchain to debut Move technology. The mainnet is currently using the latest version of AptosBFT (version 4), which leverages a Byzantine Fault Tolerance (BFT) consensus protocol with responsive production optimization. To put it simply, this mechanism quickly minimizes the impact of failed validators on throughput and latency, significantly improving the blockchain’s performance. Aptos team has announced that they are developing AptosBFT (version 5) and will release it in a future upgrade.
The Aptos Bridge
The Aptos Bridge went live on 19th October 2022, powered by LayerZero, a trustless omnichain interoperability protocol. With this deployment, users will be able to move USDC, USDT, and ETH into Aptos from Ethereum, Arbitrum, Optimism, Avalanche, Polygon, and Binance Smart Chain. Users can also withdraw their funds out of the Aptos ecosystem, but as of now, there will be a 3-day transfer window to keep the network stable. According to LayerZero Labs, this will decrease as stability and time in production increase.
Another thing to note is that there is a rate limit to the bridge, starting at an outbound value cap of $1 million every 24 hours. As stability and time in production increase, this will also increase. Finally, since Aptos is an entirely new ecosystem, native assets outside of the APT token do not exist. This means that the only way to get other assets into the ecosystem is via “wrapped assets” from other chains.
Aptos Goes into Web3 Gaming
Aptos has recently announced its partnership with NPIXEL, a Korean Triple-A gaming studio. NIPXEL have been behind popular massively multiplayer online role-playing games such as Gran Saga, which boasts 4 million downloads since its launch in Korea and Japan.
Aptos and NPIXEL are joining forces to create METAPIXEL, a Web3 gaming ecosystem. This partnership sees NPIXEL creating games on the Aptos network. The goal of their partnership is to create a triple-A game that boasts true ownership of game assets.
Partnership with Google Cloud
Google Cloud and Aptos Labs have announced an expansion of their partnership, which now includes Google Cloud running a validator for Aptos. Additionally, Aptos has selected Google Cloud as the preferred infrastructure provider for its ecosystem, and the two companies will collaborate on an accelerator program through the Aptos Foundation that supports Web3 startups and developers working on Aptos.
Moreover, Aptos and Google Cloud will collaborate in hosting global hackathons and other events. The purpose of these hackathons is to bring decentralized developer communities together to collaborate and address common challenges. They will also invite both the Google developer community and the Aptos community to participate and work alongside engineers from both companies to deploy projects that can be quickly scaled globally. In line with their joint events at Bitcoin, Consensus, and Converge last year, they also plan to continue engaging their communities through happy hours and panels in 2023.
MoonPay Fiat On-Ramp Integration into Petra Wallet
Aptos Labs and MoonPay have teamed up to make it easier for billions of people to join the web3 space. This means that users can now purchase APT using Apple Pay. Aptos Labs’ wallet, Petra, now features an easy-to-use interface for exchanging value within the Aptos ecosystem. The partnership began in November 2022 when APT became available on MoonPay.
The integration of the MoonPay fiat on-ramp into Petra was a crucial step in enhancing the web3 user experience. The fiat on-ramp makes it easy for both new users and early adopters to get started on the Aptos network, as they can purchase APT using a variety of payment methods, including Visa, Mastercard, Apple Pay, and Google Pay.
Securing Move as the Underlying Programming Model
To ensure that Aptos is secure, their team has been developing bug-free code through a combination of disciplined software engineering practices and the right tools. This includes mandatory code review, continuous testing and integration, and best practices in the Rust ecosystem.
Moreover, Aptos has contracted auditing companies (Certik, Holburn), conducted community auditing, and worked closely with OtterSec. They also run a bug bounty program that offers rewards of up to $1,000,000 for critical bugs and $100,000 for crash bugs. Aptos has invested in fuzzing and added redundancy through a paranoid mode in the Move Virtual Machine.
Lowering Gas Fees with Community-Driven Feedback
Aptos is engaging with community builders to improve its ecosystem, with a focus on reducing gas fees. The team has analyzed on-chain data and interviewed builders to gather insights. Their three-stage plan includes reducing costs for dynamic NFTs, developing gas-efficient data structures, and creating a demand-driven gas model.
The current gas framework combines execution and storage fees, leading to an unbalanced gas price. The team will separate storage and execution fees and provide storage refunds to solve these issues. The team is committed to delivering these improvements in the coming months to better serve the network’s demand.
What is the APT token?
APT is the native token of the Aptos platform. The APT token is used to pay for transaction and network fees on Aptos.
Fees will be charged on all transactions on the network and are specified in Aptos tokens. Validators will have the opportunity to prioitise the highest-value transactions on the Aptos network, and to discard transactions of lower value. The result is that the blockchain would still be able to operate efficiently when the system is at capacity. Eventually, network fees will also be deployed so that the cost of using Aptos would be proportionate to the costs of deploying hardware, maintenance, and node operation.
In addition, APT can be used for governance voting on upgrades to the protocol and on/off-chain processes, and to secure the blockchain by way of a proof-of-stake model.
Validators holding a minimum number of staked APT tokens can participate in transaction validation on the Aptos blockchain. The benefit of being a validator is that they can decide on the division of rewards between themselves and their respective stakers. On the other hand, stakers can select any number of validators to stake their tokens with in order to receive a pre-agreed split of the rewards. Rewards will be distributed to validators and stakers at the end of every epoch.
At present, the maximum reward rate for stakers starts at 7% per annum and this amount is evaluated at every epoch. The maximum staking reward however will decrease by 1.5% per year until it reaches 3.25% per year. However, all reward amounts and mechanisms can be changed by governance voting.
Aptos Token Listing
Binance announced the listing of Aptos (APT) on their exchange and trading of the APT token commenced on 19th October 2022, 01:00 UTC. The spot trading pairs include APT/BTC, APT/BUSD, and APT/USDT, and withdrawals for APT will open on 20th October 2022, 01:00 UTC. Moreover, the listing fee for APT is at 0 BNB and users can now start depositing APT in preparation for trading.
In addition, Binance will add APT as a new borrowable asset on cross margin and isolated margin within 48 hours from 19th October 2022, 01:00 UTC. Both margin pairs include APT/BUSD and APT/USDT.
Where can I buy the Aptos ($APT) token?
Aptos and MoonPay have recently partnered up to allow Petra wallet fiat on-ramps. So users can now buy APT using Visa, Mastercard, Apple Pay and Google Pay.
The APT token can also be purchased and traded on the following exchanges: Binance, Coinbase Exchange, OKX, and Digifinex.
Start trading $APT on Binance and enjoy 20% off trading fees by signing up here.
Is Aptos Worth Investing?
Aptos offers unique and promising features that cannot be found in other layer-1 protocols (except for Sui which is also a Diem-based blockchain). As such, Aptos has the potential to compete with Ethereum and Solana in terms of scalability and overall network capacity.
However, Aptos is heavily backed by venture capitals (VC), and in light of the VC bankruptcy domino effect toppling across the industry, investors should be cautious when dealing with VC-heavy projects. In fact, according to Aptos Explorer, its total supply is over 1 billion and more than 800 million of the tokens are actively staked, suggesting that early investors, private buyers, and the Aptos team collectively control 80% of the token supply.
Nevertheless, at the end of the day, Move technology is most likely here to stay as it is a revolutionary programming foundation for blockchain scalability and security. And with decades of experience in the blockchain industry as well as Meta, Aptos Labs stakes its reputation on the long-term success of the blockchain.
Frequently Asked Questions (FAQs)
What is Aptos?
Aptos is a layer-1 blockchain that uses key elements of the former Diem blockchain and Move, a Rust-based programming language independently developed by Meta.
How to buy Aptos?
Binance announced the listing of Aptos (APT) on their exchange, and will be available for spot trading at 19th October 2022, 01:00 UTC.
Does Aptos have a coin?
Binance announced the listing of Aptos (APT) on their exchange, and will be available for spot trading at 19th October 2022, 01:00 UTC.
When is Aptos ICO?
Binance announced the listing of Aptos (APT) on their exchange, and will be available for spot trading at 19th October 2022, 01:00 UTC.
Who is the Aptos team?
The Aptos team consists of researchers, designers and engineers of Diem, Meta’s blockchain initiative that was abandoned in January 2022. Aptos currently has 60 employees on their team.
Who is the founder of Aptos?
Aptos Labs is co-founded by Mo Shaikh and Avery Ching, both former Meta employees who have years of experience in the blockchain industry.
Is Aptos funded?
Aptos Labs has raised $350 million in total from FTX Ventures, Jump Crypto, a16z, Tiger Global, Multicoin Capital, among many other capital ventures. Currently, Aptos Labs has 28 investors. Aptos Labs also received an undisclosed amount in strategic investment from Binance Labs, bringing its valuation to $4 billion.
What is the Aptos testnet?
Aptos has an incentivized testnet program where the Aptos team welcomes community members to help with testing. The first testnet was Aptos Incentivized Testnet 1 (AIT1) where the community and the Aptos team created and deployed a decentralized network for over a week. Those who met a 95% participation rate were rewarded. Eligible individuals who were unable to meet the original expectation, but still participated in at least 5% of the testing rounds were also offered 50% of the rewards.
Aptos Incentivized Testnet 2 (AIT2) was concluded in late July 2022.
The latest Aptos Incentivized Testnet 3 (AIT3) opened for registration on 19th August 2022 and will launch on 30th August 2022. Participants that meet the team’s success criteria will receive 800 Aptos tokens. For more details and signup, check out the Aptos blog.
Is Aptos Labs listed on any stock exchange?
Aptos Labs is a private company and is not listed on any stock exchange.
What is the price of Aptos Labs (APTOS) cryptocurrency?
Aptos Labs (APTOS) does not currently have a cryptocurrency token. Binance announced the listing of Aptos (APT) on their exchange, and will be available for spot trading at 19th October 2022, 01:00 UTC.
Is Aptos the same or related to Sui?
No, Aptos and Sui and completely different and unrelated projects. The only connection between the two projects is that both teams have previously worked in blockchain development at Meta (formerly Facebook).
Is Aptos worth investing?
Aptos shows a lot of promise but investors should be cautious as the project is heavily funded by venture capitals. But at its core, Aptos’ programming language, Move, is most likely here to stay as it offers better scalability and security compared to other layer-1 blockchains.
Early Aptos network participants were given an airdrop of APT tokens. A total of 20,067,150 APT tokens were airdropped to 110,235 participants.
How do I participate or be eligible for an Aptos APT airdrop?
Previous Aptos users who had completed an application to join the Aptos Incentivized Testnet or minted an APTOS:ZERO testnet NFT were eligible to claim APT tokens. Those who were eligible to receive APT tokens were notified by the Aptos team via email. There are no plans for further airdrops for the time being.
Which wallet support Aptos?
Petra Wallet and Pontem Wallet are native non-custodial wallets for the Aptos ecosystem, and can integrate with many Aptos DApps.
Why is Aptos dumping?
Aptos’ price usually comes under pressure whenever there is a token unlock event. This is because early investors will typically sell those unlocked tokens to take profit. The next one will unlock on February 12, 2023.
What is the price prediction for Aptos in 2023?
Aptos will most likely increase in value, as the narrative for layer-1 blockchain scaling solution is trending in 2023.
